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Reinsurance Group of America RGA Future policy benefits

Future policy benefits at other companies

Globe Life logo
Globe LifeGL
$145.53M-20.4%
Fidelity National Financial logo
Fidelity National FinancialFNF
$197M-6.2%
Equitable Holdings logo
Equitable HoldingsEQH

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$13.79B+3.0%
Enterprise value$16.21B+6.1%
P/E11.2×-5.6×
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:IncreaseDecreaseInFuturePolicyBenefitReserves.

The official record: Reinsurance Group of America’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Reinsurance Group of America's future policy benefits?
Reinsurance Group of America (RGA) reported future policy benefits of $0 in Q4 2025.
How has Reinsurance Group of America's future policy benefits changed year-over-year?
Reinsurance Group of America's future policy benefits increased by 100.0% year-over-year, from -$8M to $0.
What is the long-term trend for Reinsurance Group of America's future policy benefits?
Over 4 years (2021 to 2025), Reinsurance Group of America's future policy benefits has grown at a -100.0% compound annual growth rate (CAGR), from $567M to $0.
What does future policy benefits mean?
The change in funds reserved for future insurance claim payments.
How do you interpret future policy benefits?
An increase indicates growing long-term insurance liabilities, which generally acts as a source of cash for the insurer to invest.
How does future policy benefits compare across companies?
Standard for life and health reinsurers reporting under statutory or GAAP accounting.