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RGAReinsurance Group of America, Incorporated
$230.22$15.1B
Overview & Verdict
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RGA logoReinsurance Group of America, Incorporated(RGA)Earnings, Financials & Key Ratios

RGA•NYSE•Insurance & Managed Care
$230.22
13.0× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryReinsuranceSub-IndustryLife and health reinsurers
AboutReinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions. The company also provides reinsurance for mortality, morbidity, lapse, and investment-related risk associated with products; and reinsurance for investment-related risks. In addition, it develops and markets technology solutions; and provides consulting and outsourcing solutions for the insurance and reinsurance industries. The company serves life insurance companies in the United States, Latin America, Canada, Europe, the Middle East, Africa, Australia, and the Asia Pacific. Reinsurance Group of America, Incorporated was founded in 1973 and is headquartered in Chesterfield, Missouri.Show more
  • Revenue$22.79B+3.4%
  • Combined Ratio93.24%-2.4%
  • Net Income$1.18B+64.9%
  • Return on Equity9.67%+35.3%
  • Medical Cost Ratio74.6%-15.9%
  • Operating Margin6.76%+52.0%
  • Net Margin5.19%+59.4%
  • ROA0.86%+29.5%
  • Equity / Assets8.65%-5.8%

RGA Price & Volume

Reinsurance Group of America, Incorporated (RGA) stock price & volume — 10-year historical chart

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RGA Scaling Premium Growth Amid Mortality Normalization

Investment Thesis • Updated 2026Q1

VerdictPositive
Growth:Expanding
Profitability:Moderate
Financial:Healthy
Cash Flow:Robust
Primary Risk:Longevity and mortality volatility

Key Thesis Takeaways

  • Reinsurance Group of America is successfully scaling its balance sheet through aggressive treaty acquisition, evidenced by total assets growing to $164.1 billion in 2026Q1 from $97.6 billion in 2023Q4.
  • While the company has achieved a structural improvement in underwriting profitability with a 93.2% combined ratio, investors should monitor the long-term longevity risks associated with its pivot toward complex pension risk transfer markets.
  • The firm's ability to maintain robust cash generation, highlighted by $2.9 billion in operating cash flow during 2026Q1, supports a stable capital return profile despite potential volatility in mortality-linked liabilities.

Verdict Logic

the stock trades at a compelling forward P/E of 8.02 and a PEG ratio of 0.53, suggesting that current market pricing may undervalue the company's recent earnings recovery and scale.

RGA Growth Metrics

Reinsurance Group of America, Incorporated (RGA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years8.14%
5 Years9.34%
3 Years12.8%
TTM17.29%

Profit CAGR

10 Years8.94%
5 Years23.29%
3 Years31.74%
TTM54.6%

EPS CAGR

10 Years9.02%
5 Years22.9%
3 Years32.3%
TTM55.7%

Return on Capital

10 Years1.33%
5 Years1.13%
3 Years1.1%
Last Year1.12%

RGA Recent Earnings

Reinsurance Group of America, Incorporated (RGA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$6.97+15.6%
$6.03
Rev
$6.5B+0.4%
$6.5B
Q1 2026
Feb 5, 2026
Metric
Actual
Est
EPS
$7.75+34.1%
$5.78
Rev
$6.6B+5.1%
$6.3B
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$6.37+10.6%
$5.76
Rev
$6.2B+2.4%
$6.1B
Q3 2025
Jul 31, 2025
Metric
Actual
Est
EPS
$4.72-15.4%
$5.58
Rev
$5.6B-6.7%
$6.0B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$6.97vs $6.03+15.6%
$6.5Bvs $6.5B+0.4%
Q1 2026Feb 5, 2026
$7.75vs $5.78+34.1%
$6.6Bvs $6.3B+5.1%
Q4 2025Oct 30, 2025
$6.37vs $5.76+10.6%
$6.2Bvs $6.1B+2.4%
Q3 2025Jul 31, 2025
$4.72vs $5.58-15.4%
$5.6Bvs $6.0B-6.7%
Based on last 12 quarters of dataView full earnings history →

Latest RGA News

Recent stock market news and headlines for Reinsurance Group of America, Incorporated (RGA)

Business Wire·6 days ago
Reinsurance Group of America Names New Member to Board of Directors

ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, announced today that Maurice Tulloch has been appointed to the company's Board of Directors, effective July 1, 2026.“Maurice brings a forward-looking view of the insurance industry, paired with broad, hands-on experience leading global businesses,” said Tony Cheng, President and Chief Executive Officer, RGA. “His combination of operational expertise and global insight,.

Zacks Investment Research·Jun 29, 2026
RGA Outperforms Industry, Trades at a Discount: Time to Hold?

Reinsurance Group's leadership in life reinsurance, growth in financial solutions and rising investment income support long-term growth, whereas higher expenses and regulatory changes remain risks.

Zacks Investment Research·Jun 25, 2026
Why Reinsurance Group (RGA) is a Top Momentum Stock for the Long-Term

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

GuruFocus·Jun 22, 2026
Laura Cockrill Named Chief Financial Officer, RGA

Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, announced today that Laura Cockrill has been named Chief Fi

Business Wire·Jun 22, 2026
Laura Cockrill Named Chief Financial Officer, RGA

ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, announced today that Laura Cockrill has been named Chief Financial Officer, effective immediately. She succeeds Axel André, who will leave the company on July 17 to pursue a new opportunity. Most recently, Ms. Cockrill served as Chief Strategy Officer and as a member of RGA's Executive Committee. “During her more than 25 years with RGA, Laura has excelled in positions.

Peers Comparison

Key metrics vs top competitors for Reinsurance Group of America, Incorporated (RGA)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
RGA logoRGAReinsurance Group of America, IncorporatedCurrent
$230.22$15.08B13.013.39%5.19%9.67%1.56%
EG logoEGEverest Re Group, Ltd.
$373.22$15.03B9.861.42%11.86%13.31%—
RNR logoRNRRenaissanceRe Holdings Ltd.
$323.69$13.97B5.729.45%26.93%16.59%—
TRV logoTRVThe Travelers Companies, Inc.
$343.73$73.09B12.535.17%15.54%24.14%—
GLRE logoGLREGreenlight Capital Re, Ltd.
$16.42$544.59M7.577.47%11.46%11.68%—
PLMR logoPLMRPalomar Holdings, Inc.
$145.29$3.85B20.2658.16%20.15%21.74%—

Compare RGA vs Peers

Reinsurance Group of America, Incorporated (RGA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs EG

Most directly comparable listed peer for RGA.

Scale Benchmark

vs MMC

Larger-name benchmark to compare RGA against a more recognizable public peer.

Peer Set

Compare Top 5

vs EG, RNR, TRV, GLRE

RGA SEC Filings & Documents

Reinsurance Group of America, Incorporated (RGA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 7, 2026·SEC

Material company update

May 1, 2026·SEC

Material company update

Mar 20, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 21, 2025·SEC

FY 2024

Feb 26, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 8, 2026·SEC

FY 2025

Oct 31, 2025·SEC

FY 2025

Aug 1, 2025·SEC

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RGA Frequently Asked Questions

Reinsurance Group of America, Incorporated (RGA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Reinsurance Group of America, Incorporated growing?

Reinsurance Group of America, Incorporated (RGA) grew revenue by 3.4% over the past year. Growth has been modest.

Is RGA profitable?

Yes, Reinsurance Group of America, Incorporated (RGA) is profitable, generating $1.23B in net income for fiscal year 2025 (5.2% net margin).

Dividend & Returns
Does RGA pay dividends?

Yes, Reinsurance Group of America, Incorporated (RGA) pays a dividend with a yield of 1.56%. This makes it attractive for income-focused investors.

What is RGA's return on equity?

Reinsurance Group of America, Incorporated (RGA) has a return on equity (ROE) of 9.7%. This is below average, suggesting room for improvement.

Industry Metrics
What is Reinsurance Group of America, Incorporated's combined ratio?

Reinsurance Group of America, Incorporated (RGA) has a combined ratio of 93.2%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in RGA back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →