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Reinsurance Group of America RGA Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

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$1.54B+3.1%
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$1.77B-0.6%

Segments

By product

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Life Insurance Product Line$5.02B+5.8%
Insurance, Other$1.08B+22.2%

By segment

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Corporate and Other$13M-23.5%

Other financials

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

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Market cap$15.49B+27.6%
Enterprise value$17.9B+29.1%
P/E12.6×-3.1×
P/S0.6×+0.1×

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×

Where this comes from

Reported directly by Reinsurance Group of America in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCosts.

The source filing: Reinsurance Group of America’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 1:51 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000898174-26-000025
Line itemMarch 31,2026December 31,2025
Accrued investment income1,3611,296
Premiums receivable and other reinsurance balances4,2594,475
Reinsurance ceded receivables and other6,7437,175
Deferred policy acquisition costs and other6,1916,079
Other assets3,5032,916
Total assets$164,064$156,590
Liabilities and equity
Future policy benefits$72,308$66,425

Cover / Front Matter

FAQ

What is Reinsurance Group of America's deferred policy acquisition costs?
Reinsurance Group of America (RGA) reported deferred policy acquisition costs of $6.19B in Q1 2026.
How has Reinsurance Group of America's deferred policy acquisition costs changed year-over-year?
Reinsurance Group of America's deferred policy acquisition costs increased by 9.6% year-over-year, from $5.65B to $6.19B.
What is the long-term trend for Reinsurance Group of America's deferred policy acquisition costs?
Over 5 years (2020 to 2025), Reinsurance Group of America's deferred policy acquisition costs has grown at a 10.9% compound annual growth rate (CAGR), from $3.62B to $6.08B.
What does deferred policy acquisition costs mean?
These are the incremental costs directly related to acquiring new insurance policies, such as commissions and underwriting expenses, which are capitalized and amortized over the life of the policy. This metric is critical for understanding the profitability profile of new business and the timing of expense recognition. It aligns the cost of acquisition with the revenue generated over the policy term.

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