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Reinsurance Group of America RGA Insurance, Other — Policy acquisition costs and other insurance expenses

Other product segments

Life Insurance Product Line
$93M+6.9%

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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:DeferredPolicyAcquisitionCostAmortizationExpense.

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
Future policy benefits remeasurement (gains) losses(7)(56)
Market risk benefits remeasurement (gains) losses2229
Interest credited480299
Policy acquisition costs and other insurance expenses512417
Other operating expenses326300
Interest expense9980
Total benefits and expenses6,0534,891
Income before income taxes441369

Cover / Front Matter

FAQ

What is Reinsurance Group of America's insurance, other — policy acquisition costs and other insurance expenses?
Reinsurance Group of America (RGA) reported insurance, other — policy acquisition costs and other insurance expenses of $35M in Q1 2026.
How has Reinsurance Group of America's insurance, other — policy acquisition costs and other insurance expenses changed year-over-year?
Reinsurance Group of America's insurance, other — policy acquisition costs and other insurance expenses increased by 52.2% year-over-year, from $23M to $35M.
What is the long-term trend for Reinsurance Group of America's insurance, other — policy acquisition costs and other insurance expenses?
Over 4 years (2021 to 2025), Reinsurance Group of America's insurance, other — policy acquisition costs and other insurance expenses has grown at a 12.9% compound annual growth rate (CAGR), from $72M to $117M.
What does insurance, other — policy acquisition costs and other insurance expenses mean?
This represents the total operating expenses directly attributable to the acquisition and maintenance of insurance policies within the segment. It includes commissions, underwriting costs, and other administrative expenses incurred to support the business.

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