MARKETS / NYSE / RGA
NYSE · LIFE INSURANCE · LARGE CAP

Reinsurance Group of America Inc. RGA

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY4 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$23.7B
▲ 7.2% vs FY2024
Dividend streak
4 yrs
Raised every year since 2022
EPS · FY25
$17.69
Dividend / sh · FY25
$3.64
Payout · FY25
20%
ROE · FY25
9.7%
Net margin · FY25
5.0%
Dividend coverage
4.9×
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Result
USD 23.7B
Revenue, FY2025 · full 18-year series below
Revenue Net income
8162423.71.22008201120142017202020232025
8162423.71.22016201920222025

5 cents of every revenue dollar became profit this year.

Per share
USD 17.69
Diluted EPS, FY2025
EPS Dividend
80016003.6417.692008201120142017202020232025
80016003.6417.692016201920222025

Earnings covered the dividend 4.9 times — the rest stayed in the company.

Profitability
9.7%
Return on equity, FY2025
ROE
816249.7%2008201120142017202020232025
816249.7%2016201920222025
Operating margin6.5%
Net margin5.0%
Return on assets0.9%

Each USD of equity produced 10 cents of profit this year.

Returned to shareholders
USD 240.0M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 240.0M
Net buybacks
Share of profit20.3%
Consecutive raises4 years

USD 240.0M in dividends — 20% of the year's profit went back to shareholders.

Growth
+10.2% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+13.5%
+10.2%
+8.6%
+7.3%
Net income
+31.7%
+23.3%
+8.9%
+5.4%
EPS, diluted
+32.3%
+22.9%
+9.0%
+6.2%
Dividend / share
+6.0%
+4.9%
+10.0%
+14.5%
Returned to shareholders
+5.4%
+5.7%
+9.9%
+13.7%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
0.070.062008201120142017202020232025
0.060.062016201920222025
Change, 5 years−8.9%
Change, 10 years−14.2%

The share count shrank 9% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 156.6B
total assets, end of FY2025
Total assetsUSD 156.6B
EquityUSD 13.5B
CashUSD 4.2B
Gross debtUSD 5.7B
Net debtUSD 1.5B

Net debt stands at 11% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
23.7
22.1
18.6
16.2
16.7
14.6
14.3
12.9
12.5
11.5
10.4
10.9
10.3
9.8
8.8
8.3
7.1
5.7
Operating income $B
1.5
1.0
1.2
0.7
1.4
0.6
1.1
·
·
·
·
·
·
·
·
·
·
·
EBITDA $B
1.6
1.0
1.2
0.8
1.4
0.6
1.2
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
0.4
0.3
0.3
0.2
0.2
0.1
0.3
0.1
−0.7
0.3
0.2
0.3
0.2
0.3
0.2
0.3
0.2
0.1
Net income $B
1.2
0.7
0.9
0.5
1.2
0.4
0.9
0.7
1.8
0.7
0.5
0.7
0.4
0.6
0.5
0.5
0.4
0.2
EPS, diluted $
17.69
10.73
13.44
7.64
17.13
6.31
13.62
11.00
27.71
10.79
7.46
9.78
5.78
8.52
7.37
7.17
5.55
·
Dividend / sh $
3.64
3.48
3.30
3.06
2.86
2.86
2.60
2.20
1.82
1560.00
1.40
1.26
1.08
0.84
0.60
0.48
0.36
0.36
Payout %
20
32
24
40
17
44
19
20
6
14
19
13
19
10
8
7
6
13
ROE %
9.7
7.2
11.2
6.8
10.4
3.2
8.7
7.9
21.9
10.6
7.6
10.6
6.5
9.9
10.3
12.7
13.0
6.8
Shares out B
·
·
·
·
·
·
0.06
0.06
0.06
0.06
0.07
0.07
0.07
0.07
0.07
0.07
0.07
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
34 of 34
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed