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Reinsurance Group of America RGA Life Insurance Product Line — Future policy benefits

Other product segments

Insurance, Other
$41.86B+27.0%

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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:LiabilityForFuturePolicyBenefits.

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 itemMarch 31,2026December 31,2025
Other assets3,5032,916
Total assets$164,064$156,590
Liabilities and equity
Future policy benefits$72,308$66,425
Interest-sensitive contract liabilities53,54052,095
Market risk benefits, at fair value249234
Other policy claims and benefits3,0513,011
Other reinsurance balances1,4951,888

Cover / Front Matter

FAQ

What is Reinsurance Group of America's life insurance product line — future policy benefits?
Reinsurance Group of America (RGA) reported life insurance product line — future policy benefits of $20.91B in Q1 2026.
How has Reinsurance Group of America's life insurance product line — future policy benefits changed year-over-year?
Reinsurance Group of America's life insurance product line — future policy benefits increased by 2.3% year-over-year, from $20.45B to $20.91B.
What is the long-term trend for Reinsurance Group of America's life insurance product line — future policy benefits?
Over 3 years (2022 to 2025), Reinsurance Group of America's life insurance product line — future policy benefits has grown at a 6.0% compound annual growth rate (CAGR), from $70.89B to $84.33B.
What does life insurance product line — future policy benefits mean?
The total balance sheet liability representing the present value of future benefits expected to be paid to policyholders. It is the primary reserve account for long-term life and health insurance obligations.

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