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Reinsurance Group of America RGA Insurance, Other — Deferred policy acquisition costs and other

Other product segments

Life Insurance Product Line
$5.02B+5.8%

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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:DeferredPolicyAcquisitionCosts.

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
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
Future policy benefits$72,308$66,425

Cover / Front Matter

FAQ

What is Reinsurance Group of America's insurance, other — deferred policy acquisition costs and other?
Reinsurance Group of America (RGA) reported insurance, other — deferred policy acquisition costs and other of $1.08B in Q1 2026.
How has Reinsurance Group of America's insurance, other — deferred policy acquisition costs and other changed year-over-year?
Reinsurance Group of America's insurance, other — deferred policy acquisition costs and other increased by 22.2% year-over-year, from $886M to $1.08B.
What is the long-term trend for Reinsurance Group of America's insurance, other — deferred policy acquisition costs and other?
Over 3 years (2022 to 2025), Reinsurance Group of America's insurance, other — deferred policy acquisition costs and other has grown at a 27.5% compound annual growth rate (CAGR), from $1.86B to $3.84B.
What does insurance, other — deferred policy acquisition costs and other mean?
This represents the aggregate balance of capitalized costs incurred to acquire new insurance business, such as commissions and underwriting expenses, plus other related deferred assets. These costs are amortized over the life of the policies to match expenses with related revenues.

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