Reinsurance Group of America, Incorporated (RGA) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Revenue | 6.47B | 6.34B | 6.23B | 5.56B | 5.29B | 5.2B | 5.61B | 4.87B | 6.37B | 4.92B | 5.1B | 4.13B | 4.24B | 4.3B | 4.01B | 3.83B | 3.75B | 3.76B | 3.92B | 4.07B |
| Revenue Growth % | 22.39% | 21.94% | 11.05% | 13.99% | -16.93% | 5.52% | 10.05% | 17.96% | 50.2% | 14.51% | 27.14% | 7.89% | 13.04% | 14.42% | 2.35% | -5.83% | -5.26% | -7.62% | 7.52% | 12.35% |
| Medical Costs & Claims | 4.62B | 4.67B | 5.46B | 4.84B | 4.51B | 4.54B | 5.06B | 4.24B | 5.71B | 4.48B | 4.43B | 3.55B | 3.6B | 3.76B | 3.83B | 3.47B | 3.38B | 4.05B | 3.8B | 3.37B |
| Medical Cost Ratio % | 71.39% | 73.74% | 87.62% | 87.17% | 85.29% | 87.47% | 90.21% | 86.91% | 89.74% | 91.06% | 86.86% | 85.99% | 84.85% | 87.44% | 95.46% | 90.6% | 90.13% | 107.69% | 97.12% | 82.86% |
| Gross Profit | 1.85B | 1.66B | 771M | 713M | 778M | 651M | 549M | 638M | 653M | 440M | 670M | 579M | 642M | 540M | 182M | 360M | 370M | -289M | 113M | 697M |
| Gross Margin % | 28.61% | 26.26% | 12.38% | 12.83% | 14.71% | 12.53% | 9.79% | 13.09% | 10.26% | 8.94% | 13.14% | 14.01% | 15.15% | 12.56% | 4.54% | 9.4% | 9.87% | -7.69% | 2.88% | 17.14% |
| Gross Profit Growth % | 138.05% | 155.61% | 40.44% | 11.76% | 19.14% | 47.95% | -18.06% | 10.19% | 1.71% | -18.52% | 268.13% | 60.83% | 73.51% | 286.85% | 61.06% | -48.35% | 28.92% | -179.61% | -79.19% | 57.34% |
| Operating Expenses | 1.41B | 1.15B | 451M | 372M | 409M | 426M | 335M | 369M | 381M | 276M | 290M | 314M | 291M | 269M | 259M | 213M | 103M | -346M | 147M | 215M |
| OpEx / Revenue % | 21.8% | 18.21% | 7.24% | 6.7% | 7.73% | 8.2% | 5.97% | 7.57% | 5.98% | 5.61% | 5.69% | 7.6% | 6.86% | 6.26% | 6.46% | 5.56% | 2.75% | -9.21% | 3.75% | 5.29% |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Combined Ratio % | 93.19% | 91.95% | 94.86% | 93.86% | 93.02% | 95.67% | 96.18% | 94.48% | 95.73% | 96.67% | 92.54% | 93.59% | 91.72% | 93.7% | 101.92% | 96.16% | 92.88% | 98.48% | 100.87% | 88.15% |
| Operating Income | 441M | 510M | 320M | 341M | 369M | 225M | 214M | 269M | 272M | 164M | 380M | 265M | 351M | 271M | -77M | 147M | 267M | 57M | -34M | 482M |
| Operating Margin % | 6.81% | 8.05% | 5.14% | 6.14% | 6.98% | 4.33% | 3.82% | 5.52% | 4.27% | 3.33% | 7.46% | 6.41% | 8.28% | 6.3% | -1.92% | 3.84% | 7.12% | 1.52% | -0.87% | 11.85% |
| Operating Income Growth % | 19.51% | 126.67% | 49.53% | 26.77% | 35.66% | 37.2% | -43.68% | 1.51% | -22.51% | -39.48% | 593.51% | 80.27% | 31.46% | 375.44% | -126.47% | -69.5% | 43.55% | -66.27% | -111.93% | 147.18% |
| EBITDA | 541M | 608M | 418M | 431M | 449M | 311M | 292M | 341M | 340M | 233M | 452M | 328M | 404M | 325M | -28M | 191M | 309M | 55M | 7M | 525M |
| EBITDA Margin % | 8.36% | 9.6% | 6.71% | 7.76% | 8.49% | 5.99% | 5.21% | 7% | 5.34% | 4.73% | 8.87% | 7.94% | 9.53% | 7.56% | -0.7% | 4.99% | 8.24% | 1.46% | 0.18% | 12.91% |
| Interest Expense | 100M | 98M | 98M | 90M | 80M | 86M | 78M | 72M | 68M | 69M | 72M | 63M | 53M | 54M | 49M | 44M | 42M | 1M | 41M | 43M |
| Non-Operating Income | -100M | -98M | -98M | -90M | -80M | -86M | -78M | -72M | -68M | -69M | -72M | -63M | -53M | -54M | -49M | -44M | -42M | 2M | -41M | -43M |
| Pretax Income | 441M | 510M | 320M | 341M | 369M | 225M | 214M | 269M | 272M | 164M | 380M | 265M | 351M | 271M | -77M | 147M | 267M | 57M | -34M | 482M |
| Pretax Margin % | 6.81% | 8.05% | 5.14% | 6.14% | 6.98% | 4.33% | 3.82% | 5.52% | 4.27% | 3.33% | 7.46% | 6.41% | 8.28% | 6.3% | -1.92% | 3.84% | 7.12% | 1.52% | -0.87% | 11.85% |
| Income Tax | 110M | 45M | 65M | 160M | 81M | 75M | 56M | 65M | 60M | 4M | 91M | 58M | 98M | 65M | -2M | 41M | 70M | -99M | -12M | 138M |
| Effective Tax Rate % | 24.94% | 8.82% | 20.31% | 46.92% | 21.95% | 33.33% | 26.17% | 24.16% | 22.06% | 2.44% | 23.95% | 21.89% | 27.92% | 23.99% | 2.6% | 27.89% | 26.22% | -173.68% | 35.29% | 28.63% |
| Net Income | 330M | 463M | 253M | 180M | 286M | 148M | 156M | 203M | 210M | 158M | 287M | 205M | 252M | 204M | -76M | 105M | 197M | 156M | -22M | 344M |
| Net Margin % | 5.1% | 7.31% | 4.06% | 3.24% | 5.41% | 2.85% | 2.78% | 4.16% | 3.3% | 3.21% | 5.63% | 4.96% | 5.94% | 4.74% | -1.9% | 2.74% | 5.25% | 4.15% | -0.56% | 8.46% |
| Net Income Growth % | 15.38% | 212.84% | 62.18% | -11.33% | 36.19% | -6.33% | -45.64% | -0.98% | -16.67% | -22.55% | 477.63% | 95.24% | 27.92% | 30.77% | -245.45% | -69.48% | 41.73% | 18.18% | -110.33% | 117.72% |
| EPS (Diluted) | 5.00 | 6.97 | 3.78 | 2.70 | 4.27 | 2.22 | 2.33 | 3.03 | 3.16 | 2.37 | 4.29 | 3.05 | 3.72 | 3.01 | -1.13 | 1.55 | 2.91 | 2.30 | -0.32 | 5.02 |
| EPS Growth % | 17.1% | 213.96% | 62.23% | -10.89% | 35.13% | -6.33% | -45.69% | -0.66% | -15.05% | -21.26% | 479.65% | 96.77% | 27.84% | 30.87% | -253.13% | -69.12% | 42.65% | 19.17% | -110.26% | 102.42% |
| EPS (Basic) | 5.04 | 7.07 | 3.85 | 2.72 | 4.33 | 2.26 | 2.37 | 3.07 | 3.18 | 2.40 | 4.34 | 3.09 | 3.77 | 4.36 | -1.13 | 1.57 | 2.94 | 2.32 | -0.32 | 5.06 |
| Diluted Shares Outstanding | 66.73M | 66.73M | 66.73M | 66.73M | 66.86M | 66.98M | 66.8M | 66.73M | 66.56M | 66.72M | 67M | 68M | 68M | 67.79M | 68M | 68M | 67M | 67.93M | 68M | 69M |