Reinsurance Group of America, Incorporated (RZB) quarterly cash flow statement — complete operating, investing & financing 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 |
|---|
| Cash from Operations | 2.87B | 852M | 990M | 820M | 1.43B | 1.6B | 7.77B | 967M | 5.74B | 1.23B | 1B | 244M | 1.57B | 266M | 835M | 79M | 163M | 361M | 1.49B | -36M |
| Operating CF Growth % | 101.05% | -46.75% | -87.26% | -15.2% | -75.09% | 30.51% | 677% | 296.31% | 264.42% | 360.9% | 19.76% | 208.86% | 865.64% | -26.32% | -44% | 319.44% | -93.11% | -33.52% | 645.5% | -109.68% |
| Operating CF / Revenue % | 44240.84% | 12.84% | 15.96% | 14.65% | 27.31% | 30.33% | 137.5% | 19.82% | 90.52% | 24.49% | 19.33% | 5.83% | 37.03% | 6.08% | 20.62% | 2.03% | 4.15% | 8.28% | 36.88% | -0.87% |
| Net Income | 37M | 463M | -148M | 44M | 63M | 148M | 50M | 203M | 210M | 158M | 287M | 205M | 252M | 291M | -76M | 105M | 197M | 156M | -22M | 344M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 437M | 0 | 0 | 0 | 389M | 0 | 0 | 0 | 375M | 0 | 0 | 0 | 680M | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 23M | 0 | 20M | 6M | 11M | 0 | 0 | 4M | 14M | 0 | 13M | 4M | 15M | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 2.84B | -2.43B | 1.14B | 776M | 1.37B | -7.26B | 7.72B | 744M | 5.52B | -2.18B | 713M | 39M | 1.32B | -1.09B | 911M | -39M | -38M | -5.16B | 1.51B | -380M |
| Working Capital Changes | 0 | 2.82B | 0 | 0 | 0 | 8.25B | 0 | 0 | 0 | 2.85B | 0 | 0 | 0 | 676M | 0 | 0 | 0 | 4.67B | 0 | 0 |
| Cash from Investing | -3.7B | -3.27B | -5.95B | -1.18B | -1.7B | -4.16B | -8.94B | -3.46B | -3.72B | -1.47B | -104M | -783M | -1.71B | -893M | -1.58B | -976M | -2.23B | -1.14B | -1.32B | 319M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8M | -7M | 0 | 19M | -7M | -6M | -6M | -4M | -5M | -6M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1M | -170M | -145M | -648M | -156M | 19M |
| Purchase of Investments | -13.51B | 0 | -14.75B | -5.38B | -8.91B | 0 | -30.95B | -13.55B | -10.05B | 0 | -3.13B | -2.81B | 0 | 0 | -4.2B | 0 | 0 | 0 | -4.04B | -5.05B |
| Sale/Maturity of Investments | 9.85B | 0 | 10.05B | 4.23B | 7.39B | 0 | 21.54B | 10.08B | 6.33B | 0 | 3.03B | 2.03B | 0 | 0 | 2.62B | 0 | 0 | 0 | 3.08B | 5.24B |
| Other Investing | -37M | -3.27B | -1.25B | -22M | -176M | -4.16B | 469M | 13M | 3M | -1.47B | -8M | -7M | -1.71B | -912M | -7M | -800M | -2.08B | -484M | -205M | 114M |
| Cash from Financing | 1.67B | 1.99B | 4.21B | 540M | 2.07B | 797M | 2.92B | 1.22B | 1B | 349M | -639M | -129M | 497M | -25M | 1.78B | 831M | 1.85B | 697M | -377M | -157M |
| Dividends Paid | -61M | -61M | -61M | -59M | -59M | -58M | -171M | -56M | -56M | -56M | -56M | -54M | -53M | -53M | -54M | -49M | -49M | -49M | -50M | -47M |
| Share Repurchases | -94M | -61M | -75M | 38M | -38M | -1M | -7M | -3M | -16M | -58M | -50M | -52M | -67M | -27M | -27M | 0 | -27M | -51M | -46M | -1M |
| Stock Issued | 0 | 0 | 4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 0 | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Other Financing | 1.73B | 2.79B | 4.34B | 600M | 1.47B | 881M | 3.1B | 1.28B | 1.08B | 489M | -133M | -418M | 124M | 315M | 1.47B | 896M | 1.95B | 932M | -271M | 314M |
| Net Change in Cash | 825M | -457M | -791M | 265M | 1.82B | -1.87B | 1.72B | -1.34B | 2.96B | 150M | 222M | -696M | 367M | -585M | 956M | -153M | -239M | -79M | -227M | 132M |
| Exchange Rate Effect | -17M | -24M | -35M | 82M | 24M | -104M | -26M | -70M | -56M | 49M | -35M | -28M | 1M | 67M | -71M | -87M | -21M | -1M | -22M | 6M |
| Cash at Beginning | 4.17B | 4.63B | 5.42B | 5.15B | 3.33B | 5.2B | 3.48B | 5.93B | 2.97B | 2.82B | 2.6B | 3.29B | 2.93B | 3.51B | 2.56B | 2.71B | 2.95B | 3.03B | 3.25B | 3.12B |
| Cash at End | 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 |
| Free Cash Flow | 2.87B | 852M | 990M | 820M | 1.43B | 1.6B | 7.77B | 967M | 5.74B | 1.23B | 992M | 237M | 1.57B | 285M | 828M | 73M | 157M | 357M | 1.49B | -42M |
| FCF Growth % | 101.05% | -46.75% | -87.26% | -15.2% | -75.09% | 30.51% | 683.27% | 308.02% | 264.42% | 330.18% | 19.81% | 224.66% | 902.55% | -20.17% | -44.28% | 273.81% | -93.35% | -32.89% | 665.98% | -111.44% |
| FCF Margin % | 44240.84% | 12.84% | 15.96% | 14.65% | 27.31% | 30.33% | 137.5% | 19.82% | 90.52% | 24.49% | 19.17% | 5.66% | 37.03% | 6.51% | 20.44% | 1.88% | 4% | 8.19% | 36.75% | -1.02% |
| FCF per Share | - | 12.72 | 14.78 | 12.24 | 21.33 | 23.89 | 115.97 | 14.43 | 85.61 | 18.38 | 14.81 | 3.49 | 23.15 | 4.2 | 12.18 | 1.07 | 2.34 | 5.26 | 21.85 | -0.61 |