Reinsurance Group of America, Incorporated

RGA Financial Insurance Reinsurance

Reinsurance Group of America, Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $23.7 billion, up 7.20% from fiscal 2024.

Revenue
+18.5%
EPS
+159.9%
Free cash flow
+41.0%
Total debt
−0.44%

Quarter to June 2026, against a year earlier

261.75 4.90 −1.84%
Market cap
$17.1B
P/E
11.4×
Fwd P/E
10.4×
Dividend yield
1.44%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Reinsurance Group of America, Incorporated (RGA) Operating margin

Alert me on Operating margin

Reinsurance Group of America, Incorporated's operating margin over the twelve months to 30 June 2026 was 8.70%, up 0.7 percentage points from fiscal 2025 (8.04%). Over the past ten years it has ranged from 5.07% (fiscal 2020) to 12.6% (fiscal 2021); the current reading is higher than 55% of that period. That is below the Insurance Reinsurance industry median of 11.3% and above the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 8.04% 2.38
FY2024 5.66% (1.64)
FY2023 7.30% (0.10)
FY2022 7.40% (5.15)
FY2021 12.6% 7.48
FY2020 5.07% (4.26)
FY2019 9.33% 1.38
FY2018 7.95% (2.58)
FY2017 10.5% 0.05
FY2016 10.5% 1.74

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 10.7% 2.52
Mar 2026 8.21% 0.51
Dec 2025 7.70% (0.41)
Sep 2025 8.11% (0.80)
42 more quarters

Against its own ten years

Low 5.07% High 12.6%
Ten-year median 8.04%
Current reading's percentile 64

Operating margin against peers

Company Operating margin
RNR RenaissanceRe Holdings Ltd. compare 31.4%
HG Hamilton Insurance Group, Ltd. compare 28.9%
GLRE Greenlight Capital Re, Ltd. compare 16.8%
EG Everest Group, Ltd. compare 13.8%
RGA Reinsurance Group of America, Incorporated 8.70%
OXBR Oxbridge Re Holdings Limited compare 5.28%
SPNT SiriusPoint Ltd. compare 0.00%
KG Kestrel Group Ltd compare −49.0%
Insurance Reinsurance industry median 11.3%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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