Reinsurance Group of America, Incorporated financials
$252.94−0.01%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.70B | $22.11B | $18.57B | $16.23B | $16.67B | $14.60B | $14.30B | $12.88B | $12.52B | $11.52B |
| Gross profit | $4.88B | $3.56B | $3.30B | $2.60B | $3.16B | $2.26B | $2.90B | $2.23B | $2.53B | $2.22B |
| Gross margin | 20.6% | 16.1% | 17.8% | 16.0% | 19.0% | 15.5% | 20.3% | 17.4% | 20.2% | 19.2% |
| Operating income | $1.91B | $1.25B | $1.35B | $909.0M | $1.52B | $723.0M | $1.30B | $993.0M | $1.29B | $1.18B |
| Net income | $1.18B | $717.0M | $902.0M | $517.0M | $1.17B | $415.0M | $870.0M | $716.0M | $1.82B | $701.4M |
| Net margin | 5.0% | 3.2% | 4.9% | 3.2% | 7.0% | 2.8% | 6.1% | 5.6% | 14.6% | 6.1% |
| Diluted EPS | $17.69 | $10.73 | $13.44 | $7.64 | $17.13 | $6.31 | $13.62 | $11.00 | $27.71 | $10.79 |
| EBITDA | $1.95B | $1.30B | $1.40B | $876.0M | $1.51B | $726.0M | $1.30B | $981.0M | $1.24B | $1.11B |
| Operating cash flow | $4.09B | $9.37B | $4.04B | $1.34B | $4.18B | $3.46B | $2.31B | $1.58B | $1.98B | $1.47B |
| Free cash flow | $3.81B | $9.34B | $3.94B | $1.20B | $3.63B | $3.44B | $2.27B | $1.55B | $1.94B | $1.42B |
| Diluted shares | 66.8M | 66.9M | 67.1M | 67.7M | 68.3M | 65.8M | 63.9M | 65.1M | 65.8M | 65.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $4.17B | $3.33B | $2.97B | $2.93B | $2.95B | $3.41B |
| Short-term investments | $8.15B | $5.44B | $0.00 | $6.00B | $6.95B | $5.43B |
| Total debt | $5.71B | $5.04B | $4.43B | $3.96B | $3.85B | $3.96B |
| Total assets | $156.59B | $118.67B | $97.62B | $84.90B | $92.17B | $84.66B |
| Total liabilities | $143.04B | $107.77B | $88.45B | $77.73B | $79.16B | $70.30B |
| Shareholders' equity | $13.55B | $10.91B | $9.17B | $7.17B | $13.01B | $14.35B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology