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Reinsurance Group of America RGA Corporate Segment — Interest Expense

Discontinued — last reported Q4 '23

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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$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:InterestExpense.

The official record: Reinsurance Group of America’s 10-K, filed February 26, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Reinsurance Group of America's corporate segment — interest expense?
Reinsurance Group of America (RGA) reported corporate segment — interest expense of $64.25M in Q4 2023.
How has Reinsurance Group of America's corporate segment — interest expense changed year-over-year?
Reinsurance Group of America's corporate segment — interest expense increased by 34.6% year-over-year, from $47.75M to $64.25M.
What is the long-term trend for Reinsurance Group of America's corporate segment — interest expense?
Over 2 years (2021 to 2023), Reinsurance Group of America's corporate segment — interest expense has grown at a 36.0% compound annual growth rate (CAGR), from $139M to $257M.
What does corporate segment — interest expense mean?
The total cost of interest payments on debt held by the company's corporate parent segment.
How do you interpret corporate segment — interest expense?
An increase suggests higher debt levels or rising interest rates on variable-rate obligations, which may reduce net income available to shareholders. A decrease indicates successful deleveraging or more favorable refinancing terms.
How does corporate segment — interest expense compare across companies?
Comparable to interest expense reported by other large insurance holding companies, typically evaluated relative to total debt outstanding and interest coverage ratios.