Reinsurance Group of America Inc
RGA- Exchange
- NYSE
- Industry
- Life Insurance
- SEC CIK
- 0000898174
In the last 90 days, Reinsurance Group of America Inc insiders filed 0 open-market purchases and 1 sale; 637 institutions reported holding it in 13F filings for Q2 2026, worth $13.8B in total; Harris Associates (Oakmark) is the only superinvestor holding it.
Other share classesRZC
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:34 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 5, 2026 | Feb 6, 2025 | Feb 1, 2024 | Feb 2, 2023 | Feb 3, 2022 |
| Revenue | $23.7B | $22.1B | $18.6B | $16.3B | $16.7B |
| Interest expense | $366.0M | $304.0M | $257.0M | $184.0M | $127.0M |
| Income tax | $351.0M | $256.0M | $251.0M | $204.0M | $74.0M |
| Net income | $1.18B | $717.0M | $902.0M | $623.0M | $617.0M |
| EPS, basic | $17.94 | $10.90 | $13.60 | $9.31 | $9.10 |
| EPS, diluted | $17.69 | $10.73 | $13.44 | $9.21 | $9.04 |
| Weighted shares, basic | 65.9M | 65.8M | 66.3M | 66.9M | 67.8M |
| Weighted shares, diluted | 66.8M | 66.9M | 67.1M | 67.7M | 68.3M |
| Margins and growth | |||||
| Net margin | 5.0% | 3.2% | 4.9% | 3.8% | 3.7% |
| Revenue growth, year over year | +7.2% | +19.1% | +14.2% | −2.4% | +14.1% |
| Net income growth, year over year | +64.9% | −20.5% | +44.8% | +1.0% | +48.7% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 5, 2026 | Feb 6, 2025 | Feb 1, 2024 | Feb 2, 2023 | Feb 3, 2022 |
| Cash and equivalents | $4.17B | $3.33B | $2.97B | $2.93B | $2.95B |
| Goodwill | – | – | – | $7.00M | $7.00M |
| Total assets | $156.6B | $118.7B | $97.6B | $84.7B | $92.2B |
| Long-term debt | $5.71B | $5.04B | $4.43B | $3.96B | $3.67B |
| Total liabilities | $143.0B | $107.8B | $88.5B | $80.5B | $79.2B |
| Shareholders' equity | $13.6B | $10.9B | $9.17B | $4.24B | $13.0B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 5, 2026 | Feb 6, 2025 | Feb 1, 2024 | Feb 2, 2023 | Feb 3, 2022 |
| Operating cash flow | $4.09B | $9.37B | $4.04B | $1.34B | $4.18B |
| Capital expenditures | – | – | – | $25.0M | $19.0M |
| Free cash flow | – | – | – | $1.32B | $4.16B |
| Depreciation and amortization | $43.0M | $46.0M | $41.0M | $38.0M | $43.0M |
| Stock-based compensation | $42.0M | $60.0M | $46.0M | $45.0M | $55.0M |
| Dividends paid | $240.0M | $229.0M | $219.0M | $205.0M | $194.0M |
| Investing cash flow | -$12.1B | -$12.5B | -$4.07B | -$5.69B | -$4.63B |
| Financing cash flow | $8.80B | $3.66B | $78.0M | $4.44B | $20.0M |
| Net change in cash | $842.0M | $356.0M | $43.0M | -$21.0M | -$460.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.2% | 0.3% | 0.2% | 0.3% | 0.3% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 26, 2026 | 65.0M | −1.0% | SEC |
| Jul 28, 2026 | 65.3M | −1.2% | SEC |
| Apr 27, 2026 | 65.5M | −0.9% | SEC |
| Jan 31, 2026 | 65.6M | −0.7% | SEC |
| Oct 21, 2025 | 65.7M | −0.2% | SEC |
| Jul 21, 2025 | 66.1M | +0.4% | SEC |
| Apr 21, 2025 | 66.1M | +0.4% | SEC |
| Jan 31, 2025 | 66.0M | +0.4% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.