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Reinsurance Group of America RGA Insurance, Other — Policyholder Account Balance Reinsurance Recoverable

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UNMOther Insurance Product Line — Policyholder Account Balance, Reinsurance recoverable
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KKRPolicyholder Account Balance, Reinsurance Recoverable
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UNMVoluntary Benefits — Policyholder Account Balance, Reinsurance recoverable
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KKRFunding Agreements — Policyholder Account Balance, Reinsurance Recoverable
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UNMOther Insurance Product Line — Net policyholders' account balances, after reinsurance recoverable
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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 rga:PolicyholderAccountBalanceReinsuranceRecoverable.

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 reinsurance recoverable?
Reinsurance Group of America (RGA) reported insurance, other — policyholder account balance reinsurance recoverable of $2.57B in Q1 2026.
How has Reinsurance Group of America's insurance, other — policyholder account balance reinsurance recoverable changed year-over-year?
Reinsurance Group of America's insurance, other — policyholder account balance reinsurance recoverable decreased by 6.3% year-over-year, from $2.75B to $2.57B.
What is the long-term trend for Reinsurance Group of America's insurance, other — policyholder account balance reinsurance recoverable?
Over 3 years (2022 to 2025), Reinsurance Group of America's insurance, other — policyholder account balance reinsurance recoverable has grown at a 20.1% compound annual growth rate (CAGR), from $6.19B to $10.71B.
What does insurance, other — policyholder account balance reinsurance recoverable mean?
This metric quantifies the portion of policyholder account liabilities that the company expects to recover from third-party reinsurers. It represents the asset side of a reinsurance arrangement, where the reinsurer assumes a share of the risk associated with the underlying policyholder accounts. This is a critical indicator of counterparty risk and the effectiveness of the company's risk-transfer strategy.

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