Reinsurance Group of America, Incorporated (RGA) AI Stock Analysis

Established in 1973 and headquartered in Chesterfield, Missouri, Reinsurance Group of America, Incorporated specializes in life and health reinsurance products. The company offers solutions to life insurance companies worldwide, with a portfolio covering individual and group life products like term life, universal life, whole life, and critical illness coverage, alongside health products such as disability and longevity solutions. It also delivers asset-intensive and financial reinsurance products to manage mortality, morbidity, lapse, and investment risks. In addition, RGA provides consulting, outsourcing, and technology solutions to improve operational efficiencies and risk management across the United States, Latin America, Canada, Europe, the Middle East, Africa, Australia, and the Asia Pacific region.

RGA expanded its revenue from $16.66B in FY2021 to $22.79B in FY2025, posting a five-year revenue CAGR of 9.3%. Annual revenue grew 14.1% in FY2021, fell 4.7% in FY2022 to $15.88B, rebounded 15.8% in FY2023 to $18.39B, and rose 19.9% in FY2024 to $22.04B before increasing 3.4% in FY2025. Net income increased from $617.0M in FY2021 to $1.18B in FY2025, with net margin improving to 5.2% and EPS reaching $22.79. In the latest quarter ended June 30, 2026, quarterly revenue grew 18.5% year-over-year, while quarterly earnings surged 159.6% year-over-year.

As of June 30, 2026, RGA held $5.67B in cash and short-term investments against total debt of $5.71B, resulting in net debt of $43.0M. The company reported total assets of $167.12B, shareholders' equity of $13.69B, a debt-to-equity ratio of 0.42, and a current ratio of 3.24. Operating cash flow reached $4.09B in FY2025, matching free cash flow of $4.09B. During FY2025, capital allocation included $240.0M paid in dividends and $174.0M deployed toward share buybacks.

RGA trades at a trailing price-to-earnings ratio of 11.7x and a forward P/E of 7.7x, both below the median of its US-listed Financial Services peers of 12.1x and 10.8x, respectively. The company's price-to-sales multiple of 0.7x also stands well below the peer median of 3.2x, while its enterprise value is $16.53B. Over the past year, RGA's stock returned 44.3%, outperforming the S&P 500 (SPY) return of 16.8%, and its five-year return of 144.3% surpassed the benchmark's 83.0%.

RGA pays a quarterly dividend with a forward annualized payout of $3.92 per share, representing a dividend yield of 1.47%. The company has paid dividends for 34 consecutive years and delivered a five-year annualized dividend growth rate of 5.4%. Its payout ratio sits at 13.3%, supported by $240.0M distributed in FY2025.

Wall Street coverage includes 3 Strong Buy, 4 Buy, 2 Hold, and 1 Sell recommendations. The mean price target of $278.11 implies a 4.3% upside compared to the last close of $266.75 on October 16, 2026. For the fiscal year ending December 31, 2026, analysts estimate revenue of $27.01B and EPS of $29.85, reflecting 31.4% earnings growth. RGA beat EPS estimates in 3 of the last 4 quarters, with next earnings scheduled for November 5, 2026.

This page is an AI-written research summary of Reinsurance Group of America, Incorporated (RGA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: RGA income statement, RGA balance sheet, RGA key metrics, RGA analyst forecast, RGA chart. See the RGA stock overview for the latest quote and news.