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Reinsurance Group of America RGA Life Insurance Product Line — Direct Premiums Earned

Other product segments

Insurance, Other
$275M-90.5%

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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:DirectPremiumsEarned.

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
Years ended December 31,202520242023
Direct insurance$291$2,919$1,477
Reinsurance assumed17,48215,57314,281
Reinsurance ceded(543)(649)(673)
Net premiums$17,230$17,843$15,085

Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Reinsurance Group of America's life insurance product line — direct premiums earned?
Reinsurance Group of America (RGA) reported life insurance product line — direct premiums earned of $4M in Q4 2025.
How has Reinsurance Group of America's life insurance product line — direct premiums earned changed year-over-year?
Reinsurance Group of America's life insurance product line — direct premiums earned increased by 14.3% year-over-year, from $3.5M to $4M.
What is the long-term trend for Reinsurance Group of America's life insurance product line — direct premiums earned?
Over 3 years (2022 to 2025), Reinsurance Group of America's life insurance product line — direct premiums earned has grown at a -13.8% compound annual growth rate (CAGR), from $25M to $16M.
What does life insurance product line — direct premiums earned mean?
This metric represents the total premiums earned by the company on insurance policies issued directly to policyholders, before any reinsurance cessions. It reflects the gross volume of business generated by the company's own sales and underwriting efforts. It serves as a baseline measure of the company's market presence in the life insurance sector.

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