Symbols / RGA Stock $214.13 +1.81% Reinsurance Group of America, Incorporated

Financial Services • Insurance - Reinsurance • United States • NYQ
RGA (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Insurance - Reinsurance
CEO Mr. Tony Cheng F.S.A.
Exch · Country NYQ · United States
Market Cap 14.03B
Enterprise Value 14.87B
Income 1.23B
Sales 24.93B
FCF (ttm) 4.82B
Book/sh 202.93
Cash/sh 81.66
Employees 4,300
Insider 10d —
IPO Sep 12, 2008
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 20.00%
P/E 11.64
Forward P/E 7.37
PEG 1.14
P/S 0.56
P/B 1.06
P/C —
EV/EBITDA 7.29
EV/Sales 0.60
Quick Ratio 0.60
Current Ratio 1.12
Debt/Eq 45.61
LT Debt/Eq —
EPS (ttm) 18.39
EPS next Y 29.04
EPS Growth 16.60%
Revenue Growth 23.50%
EPS Gr Q/Q 15.40%
Rev Gr Q/Q —
Earnings (next) 2026-08-06
Earnings (prior) 2026-05-07
ROA 0.85%
ROE 9.90%
ROIC —
Gross Margin 13.46%
Oper. Margin 8.31%
Profit Margin 4.92%
Shs Outstand 65.51M
Shs Float 65.17M
Insider Own 0.22%
Instit Own 100.99%
Short Float 1.62%
Short Ratio 3.51
Short Interest 938.11K
52W High 229.21
vs 52W High -6.58%
52W Low 165.52
vs 52W Low 29.37%
Beta 0.50
Impl. Vol. 0.78%
Rel Volume 0.71
Avg Volume 342.34K
Volume 243.21K
Target (mean) $250.56
Tgt Median $261.00
Tgt Low $212.00
Tgt High $273.00
# Analysts 9
Recom Buy
Prev Close $210.32
Price $214.13
Change 1.81%
About

Reinsurance Group of America, Incorporated provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia. It offers individual and group life and health, disability, long-term care, and critical illness reinsurance; and financial solutions, such as asset-intensive reinsurance, longevity reinsurance, stable value products, pension risk transfer transactions, and capital solutions. The company also provides reinsurance for mortality, morbidity, lapse, and investment-related risks; coinsurance of payout annuities; underwritten annuities; funding agreement backed note program and other capital motivated solutions; and superannuation. Reinsurance Group of America, Incorporated was founded in 1973 and is headquartered in Chesterfield, Missouri.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$250.56
Mean price target
2. Current target
$214.13
Latest analyst target
3. DCF / Fair value
$1323.35
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$214.13
Low
$212.00
High
$273.00
Mean
$250.56

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-11 main Piper Sandler Overweight → Overweight $261
2026-05-08 main Barclays Overweight → Overweight $268
2026-05-07 main JP Morgan Overweight → Overweight $270
2026-04-09 main UBS Neutral → Neutral $220
2026-04-08 main Barclays Overweight → Overweight $256
2026-03-03 main Morgan Stanley Equal-Weight → Equal-Weight $223
2026-02-25 main Wells Fargo Overweight → Overweight $261
2026-01-13 main Wells Fargo Overweight → Overweight $238
2025-12-23 main Piper Sandler Overweight → Overweight $230
2025-11-03 main Keefe, Bruyette & Woods Outperform → Outperform $240
2025-10-17 down Raymond James Market Perform → Underperform —
2025-08-18 main Morgan Stanley Equal-Weight → Equal-Weight $195
2025-08-04 main Wells Fargo Overweight → Overweight $241
2025-07-14 main Morgan Stanley Equal-Weight → Equal-Weight $210
2025-07-10 main Wells Fargo Overweight → Overweight $249
2025-07-08 main JP Morgan Overweight → Overweight $264
2025-05-23 down Raymond James Strong Buy → Market Perform —
2025-05-19 main Morgan Stanley Equal-Weight → Equal-Weight $209
2025-05-07 main Keefe, Bruyette & Woods Outperform → Outperform $255
2025-05-06 main Wells Fargo Overweight → Overweight $248
News
RSS: Latest RGA news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-14 HERRMANN RONALD Officer — 7,000 $210.56 $1,474,042
2026-03-12 HAYDEN JOHN W Officer — 2,252 $205.00 $461,660
2026-03-12 PORTER JONATHAN Officer — 5,456 $205.00 $1,118,480
2026-03-12 CHENG TONY KIN SHUN Chief Executive Officer — 17,388 $205.00 $3,564,540
2026-03-12 BARBI LESLIE Chief Investment Officer — 8,430 $205.00 $1,728,150
2026-03-12 HERRMANN RONALD Officer — 6,576 $205.00 $1,348,080
2026-03-12 KLEEMAN RAYMOND Officer — 4,553 — —
2026-03-12 OZEKI ARTHUR Officer — 2,689 $205.00 $551,245
2026-03-12 WAINWRIGHT SIMON Officer — 2,239 $205.00 $458,995
2026-03-12 COCKRILL LAURA Officer — 1,079 $205.00 $221,195
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
23,683.00
+7.42%
22,047.00
+19.85%
18,396.00
+15.84%
15,880.00
Operating Revenue
23,683.00
+7.42%
22,047.00
+19.85%
18,396.00
+15.84%
15,880.00
Other Operating Expenses
1,470.00
+11.36%
1,320.00
+15.08%
1,147.00
+11.25%
1,031.00
Total Expenses
22,143.00
+5.11%
21,067.00
+22.23%
17,236.00
+13.68%
15,162.00
Reconciled Depreciation
43.00
-6.52%
46.00
+12.20%
41.00
+7.89%
38.00
EBIT
1,906.00
+48.44%
1,284.00
-9.39%
1,417.00
+55.89%
909.00
Net Income
1,182.00
+64.85%
717.00
-20.51%
902.00
+74.47%
517.00
Pretax Income
1,540.00
+57.14%
980.00
-15.52%
1,160.00
+61.56%
718.00
Net Non Operating Interest Income Expense
-366.00
-20.39%
-304.00
-18.29%
-257.00
-34.55%
-191.00
Interest Expense Non Operating
366.00
+20.39%
304.00
+18.29%
257.00
+34.55%
191.00
Net Interest Income
-366.00
-20.39%
-304.00
-18.29%
-257.00
-34.55%
-191.00
Interest Expense
366.00
+20.39%
304.00
+18.29%
257.00
+34.55%
191.00
Interest Income
320.00
-6.16%
341.00
+7.57%
317.00
+25.30%
253.00
Other Income Expense
907.00
+52.95%
593.00
+59.41%
372.00
-29.41%
527.00
Tax Provision
351.00
+37.11%
256.00
+1.99%
251.00
+27.41%
197.00
Tax Rate For Calcs
0.00
-12.75%
0.00
+19.83%
0.00
-20.15%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
1,189.00
+64.23%
724.00
-20.35%
909.00
+74.47%
521.00
Net Income From Continuing Operation Net Minority Interest
1,182.00
+64.85%
717.00
-20.51%
902.00
+74.47%
517.00
Net Income From Continuing And Discontinued Operation
1,182.00
+64.85%
717.00
-20.51%
902.00
+74.47%
517.00
Net Income Continuous Operations
1,189.00
+64.23%
724.00
-20.35%
909.00
+74.47%
521.00
Minority Interests
-7.00
+0.00%
-7.00
+0.00%
-7.00
-75.00%
-4.00
Normalized Income
1,182.00
+64.85%
717.00
-20.51%
902.00
+74.47%
517.00
Net Income Common Stockholders
1,182.00
+64.85%
717.00
-20.51%
902.00
+74.47%
517.00
Diluted EPS
17.69
+64.86%
10.73
-20.16%
13.44
+75.92%
7.64
Basic EPS
17.94
+64.59%
10.90
-19.85%
13.60
+75.94%
7.73
Basic Average Shares
65.88
+0.09%
65.82
-0.76%
66.32
-0.94%
66.94
Diluted Average Shares
66.81
-0.10%
66.88
-0.35%
67.12
-0.87%
67.70
Diluted NI Availto Com Stockholders
1,182.00
+64.85%
717.00
-20.51%
902.00
+74.47%
517.00
Loss Adjustment Expense
17,003.00
+1.05%
16,827.00
+21.93%
13,800.00
+12.35%
12,283.00
Net Policyholder Benefits And Claims
17,003.00
+1.05%
16,827.00
+21.93%
13,800.00
+12.35%
12,283.00
Policyholder Benefits Ceded
528.00
+37.86%
383.00
-43.59%
679.00
+1.80%
667.00
Policyholder Benefits Gross
17,531.00
+1.87%
17,210.00
+18.86%
14,479.00
+11.81%
12,950.00
Total Other Finance Cost
—
—
—
7.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
156,590.00
+31.95%
118,675.00
+21.56%
97,623.00
+14.98%
84,904.00
Cash Cash Equivalents And Short Term Investments
18,242.00
-77.56%
81,306.00
+27.72%
63,659.00
+13.71%
55,982.00
Cash And Cash Equivalents
4,168.00
+25.32%
3,326.00
+11.99%
2,970.00
+1.47%
2,927.00
Other Short Term Investments
14,074.00
-81.95%
77,980.00
+28.49%
60,689.00
+14.39%
53,055.00
Receivables
7,175.00
+29.72%
5,531.00
+1.52%
5,448.00
+103.97%
2,671.00
Accounts Receivable
7,175.00
+29.72%
5,531.00
+1.52%
5,448.00
+103.97%
2,671.00
Net PPE
350.00
+7.69%
325.00
+16.49%
279.00
+3.33%
270.00
Goodwill And Other Intangible Assets
6.00
-25.00%
8.00
-52.94%
17.00
-34.62%
26.00
Goodwill
—
—
—
7.00
Other Intangible Assets
6.00
-25.00%
8.00
-52.94%
17.00
-34.62%
26.00
Investments And Advances
106,241.00
+30.72%
81,273.00
+27.94%
63,526.00
+14.43%
55,516.00
Long Term Equity Investment
3,747.00
+22.17%
3,067.00
+16.39%
2,635.00
+13.24%
2,327.00
Total Liabilities Net Minority Interest
143,039.00
+32.73%
107,769.00
+21.84%
88,452.00
+13.79%
77,733.00
Payables And Accrued Expenses
6,805.00
+35.64%
5,017.00
+11.91%
4,483.00
+201.68%
1,486.00
Payables
6,805.00
+35.64%
5,017.00
+11.91%
4,483.00
+201.68%
1,486.00
Accounts Payable
—
—
—
756.00
Other Payable
6,805.00
+35.64%
5,017.00
+11.91%
4,483.00
+201.68%
1,486.00
Current Debt And Capital Lease Obligation
—
—
0.00
-100.00%
400.00
Current Debt
—
—
0.00
-100.00%
400.00
Long Term Debt And Capital Lease Obligation
5,710.00
+13.25%
5,042.00
+13.89%
4,427.00
+24.32%
3,561.00
Long Term Debt
5,710.00
+13.25%
5,042.00
+13.89%
4,427.00
+24.32%
3,561.00
Non Current Deferred Liabilities
2,998.00
+36.33%
2,199.00
+18.10%
1,862.00
+34.63%
1,383.00
Non Current Deferred Taxes Liabilities
2,998.00
+36.33%
2,199.00
+18.10%
1,862.00
+34.63%
1,383.00
Stockholders Equity
13,461.00
+24.45%
10,816.00
+19.11%
9,081.00
+28.24%
7,081.00
Common Stock Equity
13,461.00
+24.45%
10,816.00
+19.11%
9,081.00
+28.24%
7,081.00
Capital Stock
1.00
+0.00%
1.00
+0.00%
1.00
+0.00%
1.00
Common Stock
1.00
+0.00%
1.00
+0.00%
1.00
+0.00%
1.00
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
85.31
+0.00%
85.31
+0.00%
85.31
+0.00%
85.31
Ordinary Shares Number
65.46
-0.62%
65.87
+0.38%
65.62
-1.58%
66.68
Treasury Shares Number
19.85
+2.10%
19.44
-1.28%
19.69
+5.66%
18.63
Additional Paid In Capital
2,640.00
+1.54%
2,600.00
+2.20%
2,544.00
+1.68%
2,502.00
Retained Earnings
10,151.00
+9.68%
9,255.00
+5.11%
8,805.00
+7.79%
8,169.00
Gains Losses Not Affecting Retained Earnings
2,682.00
+215.90%
849.00
+330.08%
-369.00
+80.28%
-1,871.00
Treasury Stock
2,013.00
+6.56%
1,889.00
-0.58%
1,900.00
+10.47%
1,720.00
Minority Interest
90.00
+0.00%
90.00
+0.00%
90.00
+0.00%
90.00
Other Equity Adjustments
2,682.00
+215.90%
849.00
+330.08%
-369.00
+80.28%
-1,871.00
Total Equity Gross Minority Interest
13,551.00
+24.25%
10,906.00
+18.92%
9,171.00
+27.89%
7,171.00
Total Capitalization
19,171.00
+20.89%
15,858.00
+17.40%
13,508.00
+26.93%
10,642.00
Invested Capital
19,171.00
+20.89%
15,858.00
+17.40%
13,508.00
+22.33%
11,042.00
Total Debt
5,710.00
+13.25%
5,042.00
+13.89%
4,427.00
+11.76%
3,961.00
Net Debt
1,542.00
-10.14%
1,716.00
+17.78%
1,457.00
+40.91%
1,034.00
Net Tangible Assets
13,455.00
+24.49%
10,808.00
+19.24%
9,064.00
+28.48%
7,055.00
Tangible Book Value
13,455.00
+24.49%
10,808.00
+19.24%
9,064.00
+28.48%
7,055.00
Current Notes Payable
—
—
0.00
-100.00%
400.00
Investments In Other Ventures Under Equity Method
3,747.00
+22.17%
3,067.00
+16.39%
2,635.00
+13.24%
2,327.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
4,091.00
-56.34%
9,370.00
+131.70%
4,044.00
+201.12%
1,343.00
Cash Flow From Continuing Operating Activities
4,091.00
-56.34%
9,370.00
+131.70%
4,044.00
+201.12%
1,343.00
Net Income From Continuing Operations
1,182.00
+64.85%
717.00
-20.51%
902.00
+74.47%
517.00
Depreciation And Amortization
43.00
-6.52%
46.00
+12.20%
41.00
+7.89%
38.00
Other Non Cash Items
-78.00
+15.22%
-92.00
+55.56%
-207.00
-198.10%
211.00
Asset Impairment Charge
41.00
+78.26%
23.00
0.00
0.00
Operating Gains Losses
54.00
-89.47%
513.00
+6312.50%
8.00
+106.02%
-133.00
Gain Loss On Investment Securities
247.00
-59.44%
609.00
+222.22%
189.00
-5.50%
200.00
Change In Working Capital
3,163.00
-61.73%
8,264.00
+163.60%
3,135.00
+609.28%
442.00
Change In Receivables
-355.00
-113.86%
-166.00
+77.75%
-746.00
-296.81%
-188.00
Changes In Account Receivables
-355.00
-113.86%
-166.00
+77.75%
-746.00
-296.81%
-188.00
Change In Payables And Accrued Expense
-228.00
-85.37%
-123.00
-351.02%
49.00
+177.78%
-63.00
Change In Payable
-228.00
-85.37%
-123.00
-351.02%
49.00
+177.78%
-63.00
Change In Other Working Capital
-37.00
-118.88%
196.00
-29.75%
279.00
-13.35%
322.00
Investing Cash Flow
-12,094.00
+3.60%
-12,545.00
-208.53%
-4,066.00
+28.52%
-5,688.00
Cash Flow From Continuing Investing Activities
-12,094.00
+3.60%
-12,545.00
-208.53%
-4,066.00
+28.52%
-5,688.00
Net PPE Purchase And Sale
—
—
—
-25.00
Purchase Of PPE
—
—
—
-25.00
Capital Expenditure
—
—
—
-25.00
Net Investment Purchase And Sale
-8,709.00
+22.18%
-11,191.00
-224.56%
-3,448.00
+33.11%
-5,155.00
Purchase Of Investment
-39,425.00
+5.42%
-41,685.00
-214.53%
-13,253.00
+22.38%
-17,074.00
Sale Of Investment
30,716.00
+0.73%
30,494.00
+211.00%
9,805.00
-17.74%
11,919.00
Net Business Purchase And Sale
-527.00
-64.69%
-320.00
-315.58%
-77.00
-552.94%
17.00
Purchase Of Business
-1,073.00
-85.64%
-578.00
-4.90%
-551.00
+21.29%
-700.00
Gain Loss On Sale Of Business
—
0.00
0.00
+100.00%
-2.00
Net Other Investing Changes
-613.00
-364.22%
232.00
-23.43%
303.00
+252.26%
-199.00
Financing Cash Flow
8,798.00
+140.32%
3,661.00
+4593.59%
78.00
-98.24%
4,436.00
Cash Flow From Continuing Financing Activities
8,798.00
+140.32%
3,661.00
+4593.59%
78.00
-98.24%
4,436.00
Net Issuance Payments Of Debt
662.00
+8.17%
612.00
+32.47%
462.00
+335.85%
106.00
Issuance Of Debt
691.00
+7.97%
640.00
-28.09%
890.00
+28.99%
690.00
Repayment Of Debt
-29.00
-3.57%
-28.00
+93.46%
-428.00
+26.71%
-584.00
Long Term Debt Issuance
691.00
+7.97%
640.00
-28.09%
890.00
+28.99%
690.00
Long Term Debt Payments
-29.00
-3.57%
-28.00
+93.46%
-428.00
+26.71%
-584.00
Net Long Term Debt Issuance
662.00
+8.17%
612.00
+32.47%
462.00
+335.85%
106.00
Net Common Stock Issuance
-170.00
-529.63%
-27.00
+88.11%
-227.00
-180.25%
-81.00
Common Stock Payments
-174.00
-544.44%
-27.00
+88.11%
-227.00
-180.25%
-81.00
Common Stock Dividend Paid
-240.00
-4.80%
-229.00
-4.57%
-219.00
-6.83%
-205.00
Cash Dividends Paid
-240.00
-4.80%
-229.00
-4.57%
-219.00
-6.83%
-205.00
Repurchase Of Capital Stock
-174.00
-544.44%
-27.00
+88.11%
-227.00
-180.25%
-81.00
Proceeds From Stock Option Exercised
—
—
—
0.00
Net Other Financing Charges
7,635.00
+144.87%
3,118.00
+676.34%
-541.00
-112.33%
4,386.00
Changes In Cash
795.00
+63.58%
486.00
+767.86%
56.00
-38.46%
91.00
Effect Of Exchange Rate Changes
47.00
+136.15%
-130.00
-900.00%
-13.00
+88.39%
-112.00
Beginning Cash Position
3,326.00
+11.99%
2,970.00
+1.47%
2,927.00
-0.71%
2,948.00
End Cash Position
4,168.00
+25.32%
3,326.00
+11.99%
2,970.00
+1.47%
2,927.00
Free Cash Flow
4,091.00
-56.34%
9,370.00
+131.70%
4,044.00
+201.12%
1,343.00
Interest Paid Supplemental Data
255.00
+19.72%
213.00
-1.84%
217.00
+33.13%
163.00
Income Tax Paid Supplemental Data
252.00
+223.08%
78.00
-73.83%
298.00
+131.01%
129.00
Amortization Of Securities
-271.00
-26.64%
-214.00
-68.50%
-127.00
-78.87%
-71.00
Common Stock Issuance
4.00
0.00
0.00
0.00
Earnings Losses From Equity Investments
-193.00
-101.04%
-96.00
+46.96%
-181.00
+45.32%
-331.00
Issuance Of Capital Stock
4.00
0.00
0.00
0.00
Sale Of Business
546.00
+111.63%
258.00
-45.57%
474.00
-33.89%
717.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
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