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Reinsurance Group of America RGA Life Insurance Product Line — Net premiums

Other product segments

Insurance, Other
$2.38B-41.1%

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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:PremiumsEarnedNet.

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
Line itemFor the years ended December 31, 2025For the years ended December 31, 2024For the years ended December 31, 2023
Revenues
Net premiums$17,230$17,843$15,085
Net investment income5,8064,4163,591
Investment related (losses), net(245)(745)(481)
Other revenues907593372
Total revenues23,69822,10718,567
Benefits and expenses
Claims and other policy benefits16,99516,90313,872

Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Reinsurance Group of America's life insurance product line — net premiums?
Reinsurance Group of America (RGA) reported life insurance product line — net premiums of $3.71B in Q4 2025.
How has Reinsurance Group of America's life insurance product line — net premiums changed year-over-year?
Reinsurance Group of America's life insurance product line — net premiums increased by 7.6% year-over-year, from $3.45B to $3.71B.
What is the long-term trend for Reinsurance Group of America's life insurance product line — net premiums?
Over 3 years (2022 to 2025), Reinsurance Group of America's life insurance product line — net premiums has grown at a 6.8% compound annual growth rate (CAGR), from $12.2B to $14.85B.
What does life insurance product line — net premiums mean?
This metric represents the total premiums earned by the company after accounting for both premiums assumed from others and premiums ceded to other reinsurers. It provides a clear view of the company's retained risk and the actual revenue generated from its underwriting activities. This is the most accurate measure of the company's net market footprint.

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