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Reinsurance Group of America RGA Q4 2025 Annual earnings

Reported February 5, 2026 · After market close

Revenue$6.6BBeat by $323.9M
EPS$7.75Beat by $1.97
Revenue estimate$6.3B
EPS estimate$5.78

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$6.6B+26.6%
Net income$465.0M+210%
EPS (diluted)$6.97+214%

Balance sheet

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Cash & equivalents$2.5B-26.0%
Total debt$5.7B-10.0%
Total equity$13.5B+24.5%
Total assets$156.59B+31.9%

Cash flow

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Operating cash flow$7.3B-57.2%
CapEx$57.0M—
Free cash flow$7.3B-57.6%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$13.37B-5.0%
Enterprise value$16.62B-2.7%
P/E11.3×-8.3×
P/S0.6×-0.1×

Profitability

See full
Net margin5%+1.7pp
FCF margin16.1%-26.2pp

Returns & leverage

See full
Return on equity9.8%+2.5pp
Debt / equity0.4×-0.2×

Segments

By product

See full
Life Insurance Product Line$4.4B+6.5%
Insurance, Other$2.2B+84.2%

Versus estimates

Revenue

Q1 2026$6.5BBeat by $24.3M
Q4 2025$6.6BBeat by $323.9M
Q3 2025$6.2BBeat by $145.6MQ2 2025$5.6BMiss by $403.3MQ1 2025$5.3BMiss by $321.0MQ4 2024$5.1BMiss by $459.1M

Diluted EPS

Q1 2026$6.97Beat by $0.94
Q4 2025$7.75Beat by $1.97
Q3 2025$6.37Beat by $0.61Q2 2025$4.72Miss by $0.86Q1 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 Q4 2025 earnings?
Reinsurance Group of America (RGA) reported Q4 2025 earnings on February 5, 2026 after market close.
What were Reinsurance Group of America's Q4 2025 revenue and EPS?
Reinsurance Group of America reported revenue of $6.6B and eps of $7.75 for Q4 2025.
Did Reinsurance Group of America beat estimates in Q4 2025?
Revenue beat the consensus estimate of $6.3B by $323.9M. EPS beat the consensus estimate of $5.78 by $1.97.
How did Reinsurance Group of America's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 30.3% from $5.1B a year earlier and eps grew 55.3% from $4.99.
Where can I find Reinsurance Group of America's Q4 2025 SEC filings?
You can read the 8-K earnings release (0000898174-26-000003) and the 10-K periodic report (0000898174-26-000006) directly on SEC EDGAR. The filing index links above go to sec.gov.