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Reinsurance Group of America RGA Benefits, Losses and Expenses

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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:BenefitsLossesAndExpenses.

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 itemThree months ended March 31, 20262025
Policy acquisition costs and other insurance expenses512417
Other operating expenses326300
Interest expense9980
Total benefits and expenses6,0534,891
Income before income taxes441369
Provision for income taxes11081
Net income331288
Net income attributable to noncontrolling interest12

Cover / Front Matter

FAQ

What is Reinsurance Group of America's benefits, losses and expenses?
Reinsurance Group of America (RGA) reported benefits, losses and expenses of $6.05B in Q1 2026.
How has Reinsurance Group of America's benefits, losses and expenses changed year-over-year?
Reinsurance Group of America's benefits, losses and expenses increased by 23.8% year-over-year, from $4.89B to $6.05B.
What is the long-term trend for Reinsurance Group of America's benefits, losses and expenses?
Over 4 years (2021 to 2025), Reinsurance Group of America's benefits, losses and expenses has grown at a 8.5% compound annual growth rate (CAGR), from $15.97B to $22.16B.
What does benefits, losses and expenses mean?
This encompasses the aggregate of claims, policy benefits, and operational costs incurred during the reporting period, excluding direct interest expenses. It serves as a primary measure of the company's underwriting performance and operational efficiency in managing insurance liabilities.

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