Reinsurance Group of America, Incorporated logo RGA - Reinsurance Group of America, Incorporated

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 13
HOLD 7
SELL 2
STRONG
SELL
0
| PRICE TARGET: $243.67 DETAILS
HIGH: $268.00
LOW: $208.00
MEDIAN: $249.50
CONSENSUS: $243.67
UPSIDE: 13.84%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 22,791 22,043 18,392 15,880 16,061 14,584 14,199 12,876 12,516 11,521.5 10,418.2 10,904.2 10,318.4 9,840.9 8,829.5 8,261.7 7,066.8 5,681.2 5,718.4 5,193.7 4,584.8 4,038.9 3,205.0 2,382 1,968.3 1,725.7 1,607.1 1,344.5 978.2 771.2 668.1 525.8 441.4
Cost of Revenue 17,003 19,555 16,061 14,309 14,207 13,040 12,098 11,067 10,488 9,668.6 8,953.8 9,249.1 9,081.6 8,352.4 7,531.6 6,994.7 6,101.5 5,053.0 4,877.9 4,204.7 3,817.3 3,269.6 2,566.6 1,931.0 1,681.0 1,347.0 1,285.4 986.4 788.2 678.5 98.1 78.6 70.9
Gross Profit 5,788 2,488 2,331 1,571 1,854 1,544 2,101 1,809 2,028 1,852.9 1,464.3 1,655.1 1,236.7 1,488.5 1,297.9 1,267.0 965.3 628.2 840.5 989 767.5 769.4 638.4 451.0 287.3 378.7 321.7 358.1 190.0 92.7 570 447.2 370.5
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12.4 7.9 8.3 28.7 52.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Expenses 4,248 1,508 1,171 853 469 991 969 963 885 809.0 719.6 646.6 601.5 569.3 522.0 453.0 364.7 319.1 313.5 537.6 411.2 400.2 366.8 257.0 221.1 203.7 228.6 220.1 (632.3) (554.2) 0 0 0
Operating Expenses 4,248 1,508 1,171 853 469 991 969 963 885 809.0 719.6 646.6 601.5 569.3 534.4 460.8 373.0 347.8 365.5 537.6 411.2 400.2 366.8 257.0 221.1 203.7 228.6 220.1 (632.3) (554.2) 0 0 0
Operating Income
Operating Income 1,540 980 1,160 718 1,385 553 1,132 846 1,143 1,043.9 744.8 1,008.5 635.3 919.2 763.6 806.2 592.3 280.4 474.9 451.4 356.3 369.2 271.6 194 66.2 175 93.1 138.0 822.3 646.9 570 447.2 370.5
Interest Expense 366 304 257 191 139 170 173 147 146 137.6 142.9 96.7 124.3 105.3 102.6 91.0 69.9 76.2 76.9 306.8 249.8 237.4 216.5 35.5 129.8 122.4 164.1 162.1 7.8 6.2 0 0 0
Interest Income 0 341 317 253 351 279 297 324 465 381.2 343.0 447.4 545.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 1,949 1,330 1,458 947 1,567 772 1,354 1,038 1,342 1,208.4 918.8 1,120.5 759.6 1,024.6 866.2 897.2 662.3 356.6 476.2 704.8 565.9 574.0 447.9 193.6 157.0 261.5 230.5 301.6 (6.3) (1.6) 562.7 445.4 369.2
EBIT 1,906 1,284 1,417 909 1,524 723 1,305 993 1,289 1,181.6 887.7 1,105.2 759.6 1,024.6 866.2 897.2 662.3 356.6 551.8 758.2 606.1 606.6 488.1 229.5 196 297.4 257.2 300.1 7.8 6.2 570 447.2 370.5
Income Before Tax 1,540 980 1,160 718 1,385 553 1,132 846 1,143 1,043.9 744.8 1,008.5 635.3 919.2 763.6 806.2 592.3 280.4 474.9 451.4 356.3 369.2 271.6 194 66.2 175 93.1 138.0 113 90.9 74.4 64 54.3
Income Tax Expense 351 256 251 197 215 138 262 130 (679) 342.5 242.6 324.5 216.4 287.3 217.5 270.4 185.3 92.6 166.6 158.1 120.7 123.9 93.3 65.5 26.2 69.3 39.1 49.1 40.4 33.1 27.1 23.6 20.2
Net Income 1,182 717 902 517 1,170 415 870 716 1,822 701.4 502.2 684.0 418.8 631.9 546.0 535.7 407.1 176.8 293.8 288.2 224.2 221.9 173.1 122.8 33 77.7 40.9 62.1 54.6 55.1 47.3 40.4 34.1
Per Share Data
EPS (Basic) 17.94 10.90 13.60 7.73 9.10 6.35 13.88 11.25 28.28 10.91 7.55 9.88 5.82 8.57 8.15 7.69 5.59 2.84 4.75 4.71 3.58 3.56 3.37 2.49 0.67 1.57 0.89 1.50 1.44 1.45 1.25 1.05 1.00
EPS (Diluted) 17.69 10.73 13.44 7.64 9.04 6.31 13.62 11.00 27.71 10.79 7.46 9.78 5.78 8.52 8.09 7.69 5.55 2.84 4.57 4.57 3.52 3.52 3.36 2.47 0.66 1.56 0.88 1.46 1.42 1.44 1.25 1.05 1.00
Shares Outstanding 66.1 65.8 67.1 67.7 67.8 65.4 62.7 63.7 64.4 64.3 66.6 69.2 71.9 73.7 73.6 74.7 73.3 63.9 61.9 61.2 62.6 62.3 51.4 49.3 49.3 49.5 45.9 41.4 37.9 38 37.8 38.5 34.1
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 4,168 3,326 2,970 2,927 2,948 3,408 1,449 1,889.7 1,303.5 1,200.7 512.0 875.4 152.1 84.6 88.1 226.7 70.8 24.3 16.0 37.4 13.1 0 0 0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 32.0 28.9 4.3 140.6 68.7 238.4 315.0 277.6 93.5 0 0 0
Net Receivables 4,475 3,898 3,528 3,013 2,888 2,842 2,940 3,017.9 2,338.5 1,930.8 850.1 640.2 810.6 876.0 706.1 572.4 522.7 590.6 433.6 435.7 136.1 84.7 70.5 33.4
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 8,643 7,224 6,498 5,940 5,836 6,250 4,389 4,907.6 3,642.0 3,131.5 1,378.1 1,515.6 994.6 989.5 798.5 528.7 662.3 853.4 764.5 434.6 183.1 84.7 70.5 33.4
Non-Current Assets
Property, Plant & Equipment 480 450 416 408 284 291 296 302.1 302.2 300.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Goodwill 0 0 0 0 7 7 7 7 7 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 6 8 11 14 5 18 26 33 197.8 201 13.1 13.3 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 130,481 98,040 78,900 70,480 78,528 72,400 66,555 54,205.2 51,691.2 44,841.3 19,224.1 15,610.7 6,429.8 4,604.7 3,482.2 2,908.9 2,761.6 2,114.6 4,016.6 2,805.9 1,610.8 0 0 0
Other Non-Current Assets 16,980 12,953 11,798 8,062 7,515 5,690 5,458 5,080.4 4,674.7 4,616.4 3,917.7 3,784.0 6,208.3 6,519.2 4,611.9 3,578.6 2,666.2 2,155.8 1,537.4 1,433.0 1,099.8 1,905.2 1,323.8 1,216.2
Total Non-Current Assets 147,947 111,451 91,125 78,964 86,339 78,406 72,342 59,627.6 56,872.8 49,966.4 23,950.2 20,297.6 13,053.5 11,123.9 8,094.1 6,487.4 5,427.7 4,270.4 5,554.0 4,239.0 2,710.6 1,905.2 1,323.8 1,216.2
Total Assets 156,590 118,675 97,623 84,904 92,175 84,656 76,731 64,535.2 60,514.8 53,097.9 25,328.3 21,813.2 14,048.1 12,113.4 8,892.6 7,016.1 6,090 5,120.0 6,314.8 4,673.6 2,893.7 1,989.9 1,394.3 1,249.6
Current Liabilities
Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 247.2 0 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 56.1 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 (716.5) (735.2) 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 (247.2) 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 56.1 0 0 0 0 0 0 0 0 0 0 0
Non-Current Liabilities
Long-Term Debt 5,710 5,042 4,427 3,961 3,847 3,961 3,579 3,469.8 3,572.3 3,929.3 2,225.3 1,927.3 349.7 398.1 327.8 323.4 272.3 184.0 108.0 106.8 106.5 0 434 385.1
Deferred Tax Liabilities 2,998 2,199 1,862 1,383 2,886 3,263 2,712 1,798.8 2,198.3 2,770.6 1,408.5 1,199.9 562.0 439.0 292.0 162.1 170.9 67.9 122.0 110.8 73.3 0 0 0
Other Non-Current Liabilities 134,331 100,528 82,163 72,389 72,428 63,080 58,839 50,816.1 45,174.7 39,304.8 17,826.6 16,069.2 10,801.3 9,170.2 6,892.2 5,366.9 4,783.9 4,131.4 5,332.6 3,948.4 2,281.5 1,605.1 673.5 581.4
Total Non-Current Liabilities 143,039 107,769 88,452 77,733 79,161 70,304 65,130 56,084.7 50,945.3 46,004.8 21,460.4 19,196.4 11,713.0 10,007.4 7,512.0 5,852.4 5,227.1 4,383.3 5,562.6 4,166 2,461.3 1,605.1 1,107.5 966.5
Total Liabilities 143,039 107,769 88,452 77,733 79,161 70,304 65,130 56,084.7 50,945.3 46,004.8 21,460.4 19,196.4 11,769.1 10,007.4 7,512.0 5,888.8 5,227.1 4,383.3 5,562.6 4,166 2,461.3 1,605.1 1,107.5 966.5
Stockholders' Equity
Common Stock 1 1 1 1 1 1 1 0.8 0.8 0.8 0.7 0.7 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.3 0.2 0 0 0
Retained Earnings 10,151 9,255 8,805 8,169 8,563 8,148 7,952 7,284.9 6,736.3 5,199.1 2,055.5 1,682.1 846.6 641.5 480.3 369.3 348.2 282.4 251.5 196.7 147.8 97.8 54.9 18.6
Accumulated Other Comprehensive Income 2,682 849 (369) (1,871) 3,642 5,359 3,137 636.8 2,063.6 1,139.3 366.1 (481.4) 338.4 224.3 0.7 (6.2) (57.9) (141.2) 30.3 59.1 22.8 0 0 0
Total Stockholders' Equity 13,461 10,816 9,081 7,081 13,014 14,352 11,601 8,450.6 9,569.5 7,093.1 3,867.9 2,616.8 2,279.0 1,947.7 1,222.5 1,005.6 862.9 732.9 748.5 499.3 425.6 376.9 276.8 279.4
Total Liabilities & Equity 156,590 118,675 97,623 84,904 92,175 84,656 76,731 64,535.2 60,514.8 53,097.9 25,328.3 21,813.2 14,048.1 12,113.4 8,892.6 7,016.1 6,090 5,120.0 6,314.8 4,673.6 2,893.7 1,989.9 1,394.3 1,249.6
Debt Metrics
Total Debt 5,710 5,042 4,427 3,961 3,847 3,961 3,579 3,469.8 3,572.3 3,929.3 2,225.3 1,927.3 405.8 398.1 327.8 323.4 272.3 184.0 108.0 106.8 106.5 0 434 385.1
Net Debt 1,542 1,716 1,457 1,034 899 553 2,130 1,580.1 2,268.8 2,728.6 1,697.3 1,051.9 253.7 313.6 239.7 96.7 201.5 159.6 92.0 69.4 93.3 0 434 385.1
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 1,182 717 902 517 617 415 870 715.8 1,822.2 701.4 224.2 221.9 173.1 122.8 33.0 105.8 40.9 62.1 54.6 57.8 47.3 40.4 34.1
Depreciation & Amortization 43 46 41 38 (11) 3 49 45.1 53 26.9 (40.3) (32.6) (40.2) (35.9) (39.0) (35.9) (26.7) (19.1) (14.1) (7.9) (7.3) (1.8) (1.3)
Stock-Based Compensation 0 0 0 0 0 0 39 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 3,167 8,264 3,135 442 4,307 2,982 1,380 738.3 356.3 600.9 383.4 556.6 969.9 277.1 485.3 205.5 302.6 (121.1) 900.7 422.1 322.4 266.9 127.9
Other Non-Cash Items (301) 343 (34) 346 (731) (62) (31) 5.4 (249.1) 136.5 (9.4) (124.0) (595.2) (276.0) (202.5) (139.9) (87.1) 400.5 (523.4) (228.7) (205.8) (180.2) (48.7)
Operating Cash Flow 4,091 9,370 4,044 1,343 4,182 3,322 2,307 1,581.1 1,982.3 1,465.7 599.4 714.5 572.3 161.9 243.9 192.8 277.7 349.1 433.4 256.7 171 129.4 114
Investing Activities
Capital Expenditure 0 0 0 (25) (19) (28) (34) (28.9) (44.2) (44.6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Acquisitions 0 (320) (77) 17 (287) (173) 4 (31.4) 0 0 0 0 0 0 0 4.7 0 0 0 (3.2) 0 0 0
Purchases of Investments (43,673) (41,685) (13,248) (17,074) (18,278) (10,262) (16,280) (10,102) (8,941.3) (8,097.0) (2,569.3) (2,199.9) (2,868.8) (2,939.7) (1,357.5) (1,352.6) (1,369.6) (2,109.1) (947.9) (917.7) (376.6) (188) (314.9)
Sales/Maturities of Investments 32,192 30,494 8,548 11,471 13,827 7,668 14,114 10,141.5 8,035 5,957.4 1,676.2 1,399.1 2,637.8 2,357.2 12.4 182.9 70.8 109.6 548.5 892.6 175.4 103.1 91.2
Other Investing Activities (613) (1,034) 711 (77) 129 115 (442) (615.7) (657.1) (641.5) 0 29.2 (1,054.2) 0 768.7 452.6 2,640.6 397.2 (856.4) (789.4) (88.7) (51.8) (71.1)
Investing Cash Flow (12,094) (12,545) (4,066) (5,688) (4,628) (2,680) (2,638) (636.6) (1,607.6) (2,825.7) (893.1) (771.6) (1,285.2) (582.5) (576.4) (712.5) 1,341.8 (1,602.4) (1,255.8) (817.7) (289.9) (136.7) (294.8)
Financing Activities
Net Debt Issuance 662 612 462 106 (117) 381 105 (99) (371) 732.9 366.7 4.6 274.8 1.6 49.0 596.6 (1,726.6) 1,016.2 1.9 106.4 0 0 0
Stock Repurchased (174) (27) (227) (81) (99) (163) (101) (299.7) (44) (122.9) (75.9) 0 0 (6.6) 0 (20) 0 0 (12.9) 0 (2.4) (11.3) 0
Dividends Paid (240) (229) (219) (205) (194) (182) (163) (140.1) (117.3) (100.4) (22.5) (16.8) (11.9) (11.9) (11.9) (11.9) (10.0) (7.3) (5.8) (5.1) (4.4) (4.1) (2.1)
Other Financing Activities 8,546 3,305 62 4,616 430 737 38 217.1 207.7 545.7 0 125.9 0 300.8 446.0 0 (0.7) 0 861.4 450.2 132 27 187.1
Financing Cash Flow 8,798 3,661 78 4,436 20 1,254 (121) (322.0) (324.6) 1,055.4 274.3 120.9 704.0 285.5 487.9 565.5 (1,611.4) 1,231.8 846.7 555.5 125.4 11.6 185
Cash Position
Net Change in Cash 842 356 43 (21) (460) 1,959 (441) 586.2 102.8 (324.6) (23.4) 67.5 (3.5) (138.6) 155.9 46.5 8.3 (21.4) 24.2 (5.2) 6.8 4.2 2.4
Cash at Beginning 3,326 2,970 2,927 2,948 3,408 1,449 1,890 1,303.5 1,200.7 1,525.3 152.1 84.6 88.1 226.7 70.8 24.3 16.0 37.4 13.1 18.3 11.5 7.3 4.9
Cash at End 4,168 3,326 2,970 2,927 2,948 3,408 1,449 1,889.7 1,303.5 1,200.7 128.7 152.1 84.6 88.1 226.7 70.8 24.3 16.0 37.4 13.1 18.3 11.5 7.3
Free Cash Flow 4,091 9,370 4,044 1,318 4,163 3,294 2,273 1,552.2 1,938.1 1,421.1 599.4 714.5 572.3 161.9 243.9 192.8 277.7 349.1 432.7 256.7 171 129.4 114
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 22,791 22,043 18,392 15,880 16,061 14,584 14,199 12,876 12,516 11,521.5 10,418.2 10,904.2 10,318.4 9,840.9 8,829.5 8,261.7 7,066.8 5,681.2 5,718.4 5,193.7 4,584.8 4,038.9 3,205.0 2,382 1,968.3 1,725.7 1,607.1 1,344.5 978.2 771.2 668.1 525.8 441.4
Gross Profit 5,788 2,488 2,331 1,571 1,854 1,544 2,101 1,809 2,028 1,852.9 1,464.3 1,655.1 1,236.7 1,488.5 1,297.9 1,267.0 965.3 628.2 840.5 989 767.5 769.4 638.4 451.0 287.3 378.7 321.7 358.1 190.0 92.7 570 447.2 370.5
Operating Income 1,540 980 1,160 718 1,385 553 1,132 846 1,143 1,043.9 744.8 1,008.5 635.3 919.2 763.6 806.2 592.3 280.4 474.9 451.4 356.3 369.2 271.6 194 66.2 175 93.1 138.0 822.3 646.9 570 447.2 370.5
Net Income 1,182 717 902 517 1,170 415 870 716 1,822 701.4 502.2 684.0 418.8 631.9 546.0 535.7 407.1 176.8 293.8 288.2 224.2 221.9 173.1 122.8 33 77.7 40.9 62.1 54.6 55.1 47.3 40.4 34.1
EPS (Diluted) 17.69 10.73 13.44 7.64 9.04 6.31 13.62 11.00 27.71 10.79 7.46 9.78 5.78 8.52 8.09 7.69 5.55 2.84 4.57 4.57 3.52 3.52 3.36 2.47 0.66 1.56 0.88 1.46 1.42 1.44 1.25 1.05 1.00
Balance Sheet
Cash & Equivalents 4,168 3,326 2,970 2,927 2,948 3,408 1,449 1,889.7 1,303.5 1,200.7 512.0 875.4 152.1 84.6 88.1 226.7 70.8 24.3 16.0 37.4 13.1 0 0 0
Total Assets 156,590 118,675 97,623 84,904 92,175 84,656 76,731 64,535.2 60,514.8 53,097.9 25,328.3 21,813.2 14,048.1 12,113.4 8,892.6 7,016.1 6,090 5,120.0 6,314.8 4,673.6 2,893.7 1,989.9 1,394.3 1,249.6
Total Debt 5,710 5,042 4,427 3,961 3,847 3,961 3,579 3,469.8 3,572.3 3,929.3 2,225.3 1,927.3 405.8 398.1 327.8 323.4 272.3 184.0 108.0 106.8 106.5 0 434 385.1
Stockholders' Equity 13,461 10,816 9,081 7,081 13,014 14,352 11,601 8,450.6 9,569.5 7,093.1 3,867.9 2,616.8 2,279.0 1,947.7 1,222.5 1,005.6 862.9 732.9 748.5 499.3 425.6 376.9 276.8 279.4
Cash Flow
Operating Cash Flow 4,091 9,370 4,044 1,343 4,182 3,322 2,307 1,581.1 1,982.3 1,465.7 599.4 714.5 572.3 161.9 243.9 192.8 277.7 349.1 433.4 256.7 171 129.4 114
Capital Expenditure 0 0 0 (25) (19) (28) (34) (28.9) (44.2) (44.6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Free Cash Flow 4,091 9,370 4,044 1,318 4,163 3,294 2,273 1,552.2 1,938.1 1,421.1 599.4 714.5 572.3 161.9 243.9 192.8 277.7 349.1 432.7 256.7 171 129.4 114