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Reinsurance Group of America RGA Insurance, Other — Net premiums

Other product segments

Life Insurance Product Line
$14.85B+7.6%

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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:PremiumsEarnedNet.

The source filing: Reinsurance Group of America’s 10-K, filed February 20, 2026.

Filed
Feb 20, 2026, 2:21 PM EST
Fiscal year
FY2025
Accession
0000898174-26-000006
Line itemFor the years ended December 31, 2025For the years ended December 31, 2024For the years ended December 31, 2023
Revenues
Net premiums$17,230$17,843$15,085
Net investment income5,8064,4163,591
Investment related (losses), net(245)(745)(481)
Other revenues907593372
Total revenues23,69822,10718,567
Benefits and expenses
Claims and other policy benefits16,99516,90313,872

Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Reinsurance Group of America's insurance, other — net premiums?
Reinsurance Group of America (RGA) reported insurance, other — net premiums of $594.75M in Q4 2025.
How has Reinsurance Group of America's insurance, other — net premiums changed year-over-year?
Reinsurance Group of America's insurance, other — net premiums decreased by 41.1% year-over-year, from $1.01B to $594.75M.
What is the long-term trend for Reinsurance Group of America's insurance, other — net premiums?
Over 3 years (2022 to 2025), Reinsurance Group of America's insurance, other — net premiums has grown at a 39.1% compound annual growth rate (CAGR), from $883M to $2.38B.
What does insurance, other — net premiums mean?
Net premiums represent the total premiums earned by the company after accounting for both premiums assumed from other insurers and premiums ceded to other reinsurers. This is the primary measure of the company's retained insurance business and its net exposure to underwriting risk. It provides a clear view of the company's actual revenue contribution from its insurance operations.

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