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Reinsurance Group of America RGA Insurance, Other — Policyholder Account Balance, Cash Surrender Value

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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:CashSurrenderValueDuePolicyholdersAmount.

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
For the three months ended March 31, 2026:U.S. and Latin America – TraditionalU.S. and Latin America – Financial SolutionsAsia Pacific – Financial Solutions
Interest credited3926493
Foreign currency translation21
Balance, end of period$3,241$26,299$9,103
Less: reinsurance recoverable(2,573)
Balance, end of period, after reinsurance$3,241$23,726$9,103
Weighted average crediting rate3.1%3.6%4.5%
Net amount at risk (1)$27,485$131,090
Cash surrender value$3,234$25,993$8,634

Cover / Front Matter

FAQ

What is Reinsurance Group of America's insurance, other — policyholder account balance, cash surrender value?
Reinsurance Group of America (RGA) reported insurance, other — policyholder account balance, cash surrender value of $34.63B in Q1 2026.
How has Reinsurance Group of America's insurance, other — policyholder account balance, cash surrender value changed year-over-year?
Reinsurance Group of America's insurance, other — policyholder account balance, cash surrender value increased by 66.0% year-over-year, from $20.86B to $34.63B.
What is the long-term trend for Reinsurance Group of America's insurance, other — policyholder account balance, cash surrender value?
Over 3 years (2022 to 2025), Reinsurance Group of America's insurance, other — policyholder account balance, cash surrender value has grown at a 8.2% compound annual growth rate (CAGR), from $84.62B to $107.11B.
What does insurance, other — policyholder account balance, cash surrender value mean?
This metric represents the total amount of cash that policyholders are entitled to receive if they voluntarily terminate their policies before maturity. It serves as a measure of liquidity risk, as high surrender values relative to assets could lead to liquidity pressure during periods of market stress. It is a critical indicator of the potential cash outflow obligations for the company.

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