Reinsurance Group Of America IncReinsurance Group Of America Inc
Reinsurance Group Of America Inc

Reinsurance Group Of America Inc

RGA
Financials·Insurance

Reinsurance Group of America, Inc. is a holding company, which engages in the provision of traditional and non-traditional life and health reinsurance products. It operates through the following segments: U.S. and Latin America, Canada, Europe, Middle East, and Africa, Asia Pacific, and Corporate and Other. The U.S. and Latin America segment markets individual and group life and health reinsurance to domestic clients for a variety of products through yearly renewable term agreements, coinsurance, and modified coinsurance. The Canada segment offers individual life reinsurance, and, to a lesser extent, creditor, group life and health, critical illness, and disability reinsurance, through yearly renewable term and coinsurance agreements. The Europe, Middle East, and Africa segment serves individual and group life and health products through yearly renewable term and coinsurance agreements, reinsurance of critical illness coverage that provides a benefit in the event of the diagnosis of a pre-defined critical illness, and underwritten annuities. The Asia Pacific segment consists of individual and group life and health reinsurance, critical illness coverage, disability, and superannuation through yearly renewable term and coinsurance agreements. The Corporate and Other segment consists of investment income from unallocated invested assets, investment related gains, and losses and service fees. The company was founded in 1973 and is headquartered in Chesterfield, MO.

Missouri; U.S.A
Market cap
No dataNo data
Revenue
$23.7B+7.2% YoY
Net income
$1.2B+64.9% YoY
Free cash flow
$4.1B−56.3% YoY

Market

Listed stock
RGAPriceNYSE
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Financial performance

Revenue
$23.7B+7.2% YoY
Operating income
$1.9B+63.1% YoY
Net income
$1.2B+64.9% YoY
Free cash flow
$4.1B−56.3% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $16.7B, 2022 $16.3B, 2023 $18.6B, 2024 $22.1B, 2025 $23.7B. Operating income: 2021 $1B, 2022 $1.5B, 2023 $2.3B, 2024 $1.1B, 2025 $1.9B. Net income: 2021 $617M, 2022 $623M, 2023 $902M, 2024 $717M, 2025 $1.2B. Free cash flow: 2021 $4.2B, 2022 $1.3B, 2023 $4B, 2024 $9.4B, 2025 $4.1B. Reference line: Reference at $0.

Growth & profitability

Revenue growth
7.2%−1187 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $1B, 2022-12-31 $1.5B, 2023-12-31 $2.3B, 2024-12-31 $1.1B, 2025-12-31 $1.9B. Net income: 2021-12-31 $617M, 2022-12-31 $623M, 2023-12-31 $902M, 2024-12-31 $717M, 2025-12-31 $1.2B. Free cash flow: 2021-12-31 $4.2B, 2022-12-31 $1.3B, 2023-12-31 $4B, 2024-12-31 $9.4B, 2025-12-31 $4.1B

Growth heatmap

2022202320242025CAGR
Revenue
-2.4%
+14.2%
+19.1%
+7.2%
+9.2%
Gross profit
+11.1%
+28.4%
-35.4%
+31.1%
+4.9%
Operating income
+44.1%
+56.8%
-50.3%
+63.1%
+16.3%
Free cash flow
-68.3%
+206.8%
+131.7%
-56.3%
-0.4%

Earnings quality

Operating cash flow
$4.1B−56.3% YoY
Net income
$1.2B+64.9% YoY
Free cash flow
$4.1B−56.3% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 346%, 2024-12-31 1307%, 2023-12-31 448%, 2022-12-31 216%, 2021-12-31 678%. Free cash flow: 2025-12-31 346%, 2024-12-31 1307%, 2023-12-31 448%, 2022-12-31 212%, 2021-12-31 675%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
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Return on invested capital
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Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
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EV / EBITDA
No data
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Free cash flow yield
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Reinsurance Group Of America Inc (RGA) Stock Price & Financials | Surf AI