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Reinsurance Group of America RGA Reinsurance recoverables

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Segments

By product

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Insurance, Other$2.98B+318%
Life Insurance Product Line$1.15B-0.7%

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:ReinsuranceRecoverables.

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
Cash and cash equivalents4,9934,168
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

Cover / Front Matter

FAQ

What is Reinsurance Group of America's reinsurance recoverables?
Reinsurance Group of America (RGA) reported reinsurance recoverables of $6.74B in Q1 2026.
How has Reinsurance Group of America's reinsurance recoverables changed year-over-year?
Reinsurance Group of America's reinsurance recoverables increased by 24.4% year-over-year, from $5.42B to $6.74B.
What is the long-term trend for Reinsurance Group of America's reinsurance recoverables?
Over 5 years (2020 to 2025), Reinsurance Group of America's reinsurance recoverables has grown at a 48.8% compound annual growth rate (CAGR), from $983M to $7.18B.
What does reinsurance recoverables mean?
This represents the portion of insurance liabilities that the company has ceded to other reinsurers, which are expected to be recovered. It reflects the company's risk-sharing strategy and the creditworthiness of its retrocession partners. High balances indicate a significant reliance on external capacity to manage underwriting risk.

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