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Reinsurance Group of America RGA Future policy benefits

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Segments

By product

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Insurance, Other$41.86B+27.0%
Life Insurance Product Line$20.91B+2.3%

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:LiabilityForFuturePolicyBenefits.

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
Other assets3,5032,916
Total assets$164,064$156,590
Liabilities and equity
Future policy benefits$72,308$66,425
Interest-sensitive contract liabilities53,54052,095
Market risk benefits, at fair value249234
Other policy claims and benefits3,0513,011
Other reinsurance balances1,4951,888

Cover / Front Matter

FAQ

What is Reinsurance Group of America's future policy benefits?
Reinsurance Group of America (RGA) reported future policy benefits of $72.31B in Q1 2026.
How has Reinsurance Group of America's future policy benefits changed year-over-year?
Reinsurance Group of America's future policy benefits increased by 20.8% year-over-year, from $59.84B to $72.31B.
What is the long-term trend for Reinsurance Group of America's future policy benefits?
Over 5 years (2020 to 2025), Reinsurance Group of America's future policy benefits has grown at a 16.1% compound annual growth rate (CAGR), from $31.45B to $66.43B.
What does future policy benefits mean?
This liability represents the present value of future benefits expected to be paid to policyholders, calculated based on actuarial assumptions regarding mortality, morbidity, and interest rates. It is the most significant liability for life reinsurers, reflecting the long-term nature of the business. Changes in this metric are highly sensitive to interest rate environments and actuarial experience.

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