Reinsurance Group of America Inc (RGA) Financial Statements
Industry: Life Insurance
In fiscal 2025, Reinsurance Group of America reported revenue of $23.70B, up 7.2% from $22.11B the year before. Net income was $1.18B (a 5.0% net margin), or $17.69 per diluted share. Gross margin was 28.3% and operating margin was 28.3%. Operating activities generated $4.09B of cash. At fiscal year end, Reinsurance Group of America held $156.59B in total assets against $143.04B in total liabilities, including $4.17B of cash and equivalents.
Open the full interactive Reinsurance Group of America financials → Quarterly statements, key ratios, valuation history and price charts.
Reinsurance Group of America Key Stats
| Share Price | $258.33 |
|---|---|
| Market Cap | $17.05B |
| P/E Ratio | 14.6 |
| Dividend Yield | 1.43% |
| Revenue YoY Growth | +7.2% |
| 52-Week Range | $178.40 – $259.95 |
| Shares Outstanding | 65.0 million (basic, 2026 Q2) |
Reinsurance Group of America Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $14.60B | $16.66B | $16.26B | $18.57B | $22.11B | $23.70B |
| Cost of Goods Sold | $11.07B | $12.78B | $12.05B | $13.87B | $16.90B | $17.00B |
| Gross Profit | $3.52B | $3.88B | $4.21B | $4.70B | $5.20B | $6.70B |
| Operating Income | $2.93B | $3.20B | $3.76B | $4.31B | $5.20B | $6.70B |
| Pre-Tax Income | $553.0M | $691.0M | $831.0M | $1.16B | $980.0M | $1.54B |
| Income Tax | $138.0M | $74.0M | $204.0M | $251.0M | $256.0M | $351.0M |
| Net Income | $415.0M | $617.0M | $623.0M | $902.0M | $717.0M | $1.18B |
| Diluted EPS | $6.31 | $9.04 | $9.21 | $13.44 | $10.73 | $17.69 |
Reinsurance Group of America Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $6.20B | $6.63B | $6.49B | $6.64B |
| Net Income | $253.0M | $463.0M | $330.0M | $462.0M |
| Diluted EPS | $3.81 | $6.93 | $4.98 | $7.01 |
Reinsurance Group of America Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.41B | $2.95B | $2.93B | $2.97B | $3.33B | $4.17B |
| Total Assets | $84.66B | $92.17B | $84.71B | $97.62B | $118.67B | $156.59B |
| Total Long-Term Debt | $3.57B | $3.67B | $3.96B | $4.43B | $5.04B | $5.71B |
| Total Liabilities | $70.30B | $79.16B | $80.47B | $88.45B | $107.77B | $143.04B |
| Shareholders' Equity | $14.35B | $13.01B | $4.14B | $9.08B | $10.82B | $13.46B |
Reinsurance Group of America Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.32B | $4.18B | $1.34B | $4.04B | $9.37B | $4.09B |
| Cash From Investing | -$2.68B | -$4.63B | -$5.69B | -$4.07B | -$12.54B | -$12.09B |
| Cash From Financing | $1.25B | $20.0M | $4.44B | $78.0M | $3.66B | $8.80B |
| Free Cash Flow | $3.29B | $4.16B | $1.32B | — | — | — |
| Dividends Paid | $182.0M | $194.0M | $205.0M | $219.0M | $229.0M | $240.0M |
Figures from Reinsurance Group of America's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Reinsurance Group of America financials page for every line item.
Reinsurance Group of America Company Profile
| Ticker | RGA |
|---|---|
| Exchange | NYSE |
| Industry | Life Insurance |
| Headquarters | Chesterfield, Missouri |
| Incorporated in | Missouri |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000898174 |
Frequently Asked Questions
What was Reinsurance Group of America's revenue in fiscal 2025?
Reinsurance Group of America (RGA) reported revenue of $23.70B for fiscal 2025.
What is Reinsurance Group of America's annual revenue history?
Reinsurance Group of America's annual revenue by fiscal year: 2020: $14.60B; 2021: $16.66B; 2022: $16.26B; 2023: $18.57B; 2024: $22.11B; 2025: $23.70B.
What was Reinsurance Group of America's net income in fiscal 2025?
Reinsurance Group of America reported net income of $1.18B for fiscal 2025.
What was Reinsurance Group of America's earnings per share (EPS) in fiscal 2025?
Reinsurance Group of America's diluted EPS was $17.69 for fiscal 2025 (adjusted for any later stock splits).
What was Reinsurance Group of America's revenue last quarter?
In its most recent reported quarter (2026 Q2), Reinsurance Group of America reported revenue of $6.64B.
How much debt does Reinsurance Group of America have?
Reinsurance Group of America reported $5.71B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Reinsurance Group of America are outstanding?
Reinsurance Group of America reported a weighted average of 65.0 million basic shares outstanding in 2026 Q2.
What is Reinsurance Group of America's market cap?
Based on its latest closing price, Reinsurance Group of America (RGA) has a market capitalization of about $17.05B.
When does Reinsurance Group of America's fiscal year end?
Reinsurance Group of America's fiscal year end, as registered with the SEC, is December 31.
Where is Reinsurance Group of America headquartered?
Reinsurance Group of America lists its business address in Chesterfield, Missouri in its SEC filings.