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Reinsurance Group of America

RGA

Reinsurance Group of America (RGA) is a leading global life and health reinsurer that provides risk management and capital solutions to primary insurance companies.

Market cap
$15.66B+24.4%
Revenue$24.9B+18.6%
Net income$1.2B+54.5%
Free cash flow$2.3B-83.2%
EPS (diluted)$18.46+55.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$6.7B
EPS estimate$6.52

Financials

Q1 2026

Income statement

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Revenue$6.5B+23.5%
Net income$330.0M+15.4%
EPS (diluted)$4.98+16.6%

Balance sheet

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Cash & equivalents$5.0B-3.1%
Total debt$7.4B+5.3%
Total equity$13.3B+16.6%
Total assets$164.06B+28.0%

Cash flow

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Operating cash flow-$2.9B-101%
CapEx$84.0M+1,150%
Free cash flow-$3.0B-106%

Valuation & ratios

Valuation

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Market cap$15.66B+24.4%
Enterprise value$18.07B+23.9%
P/E12.8×-3.9×
P/S0.6×0.0×

Profitability

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Net margin4.9%+1.1pp
FCF margin9.2%-55.7pp

Returns & leverage

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Return on equity9.9%+2.3pp
Debt / equity0.6×-0.1×

Segments

By product

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Life Insurance Product Line$4.2B+5.4%
Insurance, Other$2.2B+86.2%

By segment

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Corporate and Other$179.0M+30.7%

Competitors

Profile

Reinsurance Group of America (RGA) is a leading global life and health reinsurer that provides risk management and capital solutions to primary insurance companies. The company specializes in indemnifying ceding companies for mortality, morbidity, and investment risks, enabling them to increase underwriting capacity and stabilize financial results. Its core value proposition centers on deep actuarial expertise, facultative underwriting leadership, and innovative financial structures for asset-intensive and longevity risks.

Competitive position

RGA is a leading global provider of life and health reinsurance, recognized specifically for its leadership in facultative underwriting and its significant scale in the U.S. and international markets.

GeographiesUnited States, Canada, Latin America, Europe, Middle East, Africa, Asia Pacific
Customer segmentsFinancial Institutions, Enterprise
Business modelB2B, Risk Transfer, Asset Management
SuppliersCapital Markets, Retrocessionaires, Investment Banks, Medical Data Providers
CustomersPrimary Life Insurers, Primary Health Insurers, Pension Fund Trustees, Corporate Plan Sponsors
Listed1993
Employees3.9K
CEOTony Cheng
Websitergare.com
FilingsSEC EDGAR

Questions, answered.

What is Reinsurance Group of America's market cap?
Reinsurance Group of America (RGA) has a market capitalization of $15.7B and trades on NYSE.
What is Reinsurance Group of America's revenue and profitability?
Reinsurance Group of America generated $24.9B in trailing twelve-month revenue with net income of $1.2B, representing a net margin of 4.9%, with free cash flow of $2.3B. These figures are based on the Q1 2026 filing.
Who are Reinsurance Group of America's competitors?
Reinsurance Group of America's key competitors include Everest Group, Ltd., SiriusPoint Ltd., RenaissanceRe Holdings Ltd., and others. These companies compete in similar markets and product categories.
Who does Reinsurance Group of America partner with?
Reinsurance Group of America's notable partners include Standard & Poor's, Moody's, A.M. Best.
What subsidiaries does Reinsurance Group of America have?
Reinsurance Group of America's subsidiaries include RGA Reinsurance Company, RGA Life Reinsurance Company of Canada, RGA International Reinsurance Company dac, and others.
Where is Reinsurance Group of America headquartered?
Reinsurance Group of America is headquartered in United States of America and employs approximately 3,900 people. It has been publicly traded since 1993.