Reinsurance Group of America, Incorporated (RGA) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Assets | 164.06B | 156.59B | 152B | 133.48B | 128.21B | 118.67B | 120.26B | 109.89B | 106B | 97.62B | 87.42B | 89.04B | 89.12B | 84.9B | 82.7B | 84.61B | 89.76B | 92.17B | 91.45B | 88.94B |
| Asset Growth % | 27.97% | 31.95% | 26.4% | 21.47% | 20.95% | 21.56% | 37.56% | 23.41% | 18.94% | 14.98% | 5.7% | 5.24% | -0.71% | -7.89% | -9.56% | -4.87% | 5.84% | 8.88% | 11.35% | 10.18% |
| Total Investment Assets | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Long-Term Investments | 137.01B | 130.48B | 127.6B | 109.9B | 105.58B | 98.04B | 98.24B | 89.62B | 84.51B | 78.9B | 72.23B | 74.29B | 74.02B | 70.48B | 68.04B | 70.96B | 75.9B | 78.53B | 77.57B | 76.33B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 9.25B | 8.64B | 8.66B | 9.62B | 8.9B | 7.22B | 8.93B | 8.23B | 9.28B | 6.5B | 6.1B | 5.92B | 6.41B | 5.94B | 6.33B | 5.44B | 5.59B | 5.84B | 6.04B | 6.36B |
| Cash & Equivalents | 4.99B | 4.17B | 4.63B | 5.42B | 5.15B | 3.33B | 5.2B | 4.6B | 5.93B | 2.97B | 2.82B | 2.6B | 3.29B | 2.93B | 3.51B | 2.56B | 2.71B | 2.95B | 3.03B | 3.25B |
| Receivables | 4.26B | 4.47B | 4.04B | 4.2B | 3.75B | 3.9B | 3.74B | 3.63B | 3.34B | 3.53B | 3.28B | 3.32B | 3.11B | 3.01B | 2.82B | 2.88B | 2.88B | 2.89B | 3.01B | 3.1B |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 0 | 6M | 0 | 0 | 0 | 8M | 0 | 0 | 0 | 11M | 0 | 0 | 0 | 14M | 0 | 0 | 0 | 12M | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7M | 0 | 0 |
| Intangible Assets | 0 | 6M | 0 | 0 | 0 | 8M | 0 | 0 | 0 | 11M | 0 | 0 | 0 | 14M | 0 | 0 | 0 | 5M | 0 | 0 |
| PP&E (Net) | 0 | 480M | 0 | 0 | 0 | 450M | 0 | 0 | 0 | 416M | 0 | 0 | 0 | 408M | 0 | 0 | 0 | 284M | 0 | 0 |
| Other Assets | 17.8B | 16.98B | 15.74B | 13.96B | 13.73B | 12.95B | 13.09B | 12.04B | 12.21B | 11.8B | 9.09B | 8.83B | 8.7B | 8.06B | 8.33B | 8.21B | 8.27B | 7.51B | 7.84B | 6.26B |
| Total Liabilities | 150.68B | 143.04B | 138.94B | 121.34B | 116.72B | 107.77B | 109.04B | 100.06B | 96.44B | 88.45B | 79.27B | 81.14B | 81.4B | 77.73B | 78.96B | 78.68B | 80.49B | 79.16B | 78.56B | 75.5B |
| Total Debt | 6.11B | 5.71B | 5.73B | 5.73B | 5.73B | 5.04B | 5.07B | 5.07B | 4.43B | 4.43B | 4.45B | 4.85B | 4.46B | 3.96B | 4.21B | 3.82B | 3.83B | 3.85B | 3.49B | 3.5B |
| Net Debt | 1.11B | 1.54B | 1.11B | 318M | 583M | 1.72B | -128M | 471M | -1.51B | 1.46B | 1.63B | 2.25B | 1.16B | 1.03B | 695M | 1.26B | 1.12B | 899M | 460M | 242M |
| Long-Term Debt | 6.11B | 5.71B | 5.73B | 5.73B | 5.73B | 5.04B | 5.07B | 5.07B | 4.43B | 4.43B | 4.45B | 4.85B | 4.46B | 3.96B | 4.21B | 3.82B | 3.83B | 3.85B | 3.49B | 3.5B |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 3.18B | 3B | 2.59B | 2.45B | 2.25B | 2.2B | 2.06B | 1.87B | 1.9B | 1.86B | 1.6B | 1.42B | 1.45B | 1.38B | 686M | 1.06B | 1.84B | 2.89B | 2.41B | 2.7B |
| Other Liabilities | 141.39B | 134.33B | 130.61B | 113.15B | 108.73B | 100.53B | 101.92B | 93.13B | 90.12B | 82.16B | 73.22B | 74.87B | 75.5B | 72.39B | 74.07B | 73.8B | 74.81B | 72.43B | 72.67B | 69.31B |
| Total Equity | 13.38B | 13.55B | 13.07B | 12.14B | 11.49B | 10.91B | 11.22B | 9.82B | 9.56B | 9.17B | 8.15B | 7.89B | 7.72B | 7.17B | 3.74B | 5.93B | 9.27B | 13.01B | 12.88B | 13.44B |
| Equity Growth % | 16.46% | 24.25% | 16.5% | 23.59% | 20.23% | 18.92% | 37.58% | 24.45% | 23.87% | 27.89% | 117.82% | 33.16% | -16.78% | -44.9% | -70.95% | -55.9% | -23.31% | -9.32% | -2.49% | 7.1% |
| Shareholders Equity | 13.29B | 13.46B | 12.98B | 12.05B | 11.4B | 10.82B | 11.13B | 9.73B | 9.47B | 9.08B | 8.06B | 7.8B | 7.63B | 7.08B | 3.65B | 5.84B | 9.18B | 13.01B | 12.88B | 13.44B |
| Minority Interest | 90M | 90M | 90M | 90M | 90M | 90M | 90M | 90M | 90M | 90M | 90M | 90M | 90M | 90M | 90M | 90M | 90M | 0 | 0 | 0 |
| Retained Earnings | 10.38B | 10.15B | 9.76B | 9.56B | 9.44B | 9.26B | 9.17B | 9.08B | 8.93B | 8.8B | 8.71B | 8.48B | 8.34B | 8.17B | 8.82B | 8.59B | 8.45B | 8.56B | 8.46B | 8.53B |
| Common Stock | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M |
| Accumulated OCI | 2.31B | 2.68B | 2.55B | 1.75B | 1.24B | 849M | 1.27B | -20M | -125M | -369M | -1.33B | -1.4B | -1.46B | -1.87B | -5.96B | -3.56B | -55M | 3.64B | 3.58B | 4.04B |
| Return on Equity (ROE) | 2.45% | 3.48% | 2.01% | 1.52% | 2.55% | 1.34% | 1.48% | 2.09% | 2.24% | 1.82% | 3.58% | 2.63% | 3.39% | 3.74% | -1.57% | 1.38% | 1.77% | 1.2% | -0.17% | 2.69% |
| Return on Assets (ROA) | 0.21% | 0.3% | 0.18% | 0.14% | 0.23% | 0.12% | 0.14% | 0.19% | 0.21% | 0.17% | 0.33% | 0.23% | 0.29% | 0.24% | -0.09% | 0.12% | 0.22% | 0.17% | -0.02% | 0.4% |
| Equity / Assets | 8.16% | 8.65% | 8.6% | 9.1% | 8.96% | 9.19% | 9.33% | 8.94% | 9.02% | 9.39% | 9.33% | 8.87% | 8.66% | 8.45% | 4.53% | 7.01% | 10.33% | 14.12% | 14.09% | 15.12% |
| Debt / Equity | 0.46x | 0.42x | 0.44x | 0.47x | 0.50x | 0.46x | 0.45x | 0.52x | 0.46x | 0.48x | 0.55x | 0.61x | 0.58x | 0.55x | 1.12x | 0.64x | 0.41x | 0.30x | 0.27x | 0.26x |
| Book Value per Share | 200.57 | 203.07 | 195.83 | 181.97 | 171.88 | 162.82 | 167.93 | 147.23 | 143.60 | 137.45 | 121.69 | 116.10 | 113.47 | 105.78 | 55.04 | 87.19 | 138.39 | 191.58 | 189.49 | 194.84 |
| Tangible BV per Share | 200.57 | 202.98 | 195.83 | 181.97 | 171.88 | 162.70 | 167.93 | 147.23 | 143.60 | 137.29 | 121.69 | 116.10 | 113.47 | 105.57 | 55.04 | 87.19 | 138.39 | 191.40 | 189.49 | 194.84 |