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Reinsurance Group of America RGA Q2 2025 earnings

Reported July 31, 2025 · After market close

Revenue$5.6BMiss by $403.3M
EPS$4.72Miss by $0.86
Revenue estimate$6.0B
EPS estimate$5.58

Next report

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

Financials

Q2 2025

Income statement

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Revenue$5.6B+14.8%
Net income$180.0M-11.3%
EPS (diluted)$2.70-10.9%

Balance sheet

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Cash & equivalents$5.4B+17.8%
Total debt$7.1B+10.3%
Total equity$12.1B+23.8%
Total assets$133.48B+21.5%

Cash flow

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Operating cash flow-$820.0M+15.2%
CapEx$35.0M+1,850%
Free cash flow-$839.0M+13.4%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$13.05B-3.6%
Enterprise value$14.77B-4.2%
P/E16.9×+1.2×
P/S0.6×0.0×

Profitability

See full
Net margin3.5%-0.5pp
FCF margin63.3%+59.5pp

Returns & leverage

See full
Return on equity7.1%-2.7pp
Debt / equity0.6×-0.1×

Segments

By product

See full
Life Insurance Product Line$4.2B+13.2%
Insurance, Other$1.3B+0.9%

By segment

See full
Corporate and Other$187.0M+40.6%

Versus estimates

Revenue

Q1 2026$6.5BBeat by $24.3MQ4 2025$6.6BBeat by $323.9MQ3 2025$6.2BBeat by $145.6M
Q2 2025$5.6BMiss by $403.3M
Q1 2025$5.3BMiss by $321.0MQ4 2024$5.1BMiss by $459.1M

Diluted EPS

Q1 2026$6.97Beat by $0.94Q4 2025$7.75Beat by $1.97Q3 2025$6.37Beat by $0.61
Q2 2025$4.72Miss by $0.86
Q1 2025$5.66Beat by $0.35Q4 2024$4.99Miss by $0.25

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Questions, answered.

When did Reinsurance Group of America report Q2 2025 earnings?
Reinsurance Group of America (RGA) reported Q2 2025 earnings on July 31, 2025 after market close.
What were Reinsurance Group of America's Q2 2025 revenue and EPS?
Reinsurance Group of America reported revenue of $5.6B and eps of $4.72 for Q2 2025.
Did Reinsurance Group of America beat estimates in Q2 2025?
Revenue missed the consensus estimate of $6.0B by $403.3M. EPS missed the consensus estimate of $5.58 by $0.86.
How did Reinsurance Group of America's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 15.6% from $4.9B a year earlier and eps declined 13.9% from $5.48.
Where can I find Reinsurance Group of America's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0000898174-25-000130) directly on SEC EDGAR. The filing index links above go to sec.gov.