Reinsurance Group Of America Inc - Understand $rga stock

$RGA Market Cap: $14.68 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$21.87B

TTM

Gross Margin

23.36%

TTM

Net Earnings

$729.0M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$120.3B

Q3 2024

Total Liabilities

$109.0B

Q3 2024

Book Value

$11.22B

Q3 2024

Cash

$5.195B

Q3 2024

P/E

20.13

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Revenue	$18.57B	$16.26B	$16.66B	$14.60B	$14.30B	$12.88B	$12.52B	$11.52B	$10.42B	$10.90B	$10.32B	$9.841B	$8.830B	$8.262B	$7.067B	$5.681B	$5.726B	$5.194B	$4.585B	$4.039B	$3.205B	$2.382B	$1.968B	$1.726B	$1.607B	$1.344B	$978.0M	$771.0M	$668.0M	$526.0M	$446.0M	$420.0M	$345.0M	$283.0M
YoY Change	14.2%	-2.4%	14.13%	2.07%	11.06%	2.88%	8.63%	10.59%	-4.46%	5.68%	4.85%	11.45%	6.87%	16.91%	24.39%	-0.78%	10.24%	13.28%	13.52%	26.02%	34.55%	21.04%	14.02%	7.41%	19.57%	37.42%	26.85%	15.42%	27.0%	17.94%	6.19%	21.74%	21.91%	28.05%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Revenue	$18.57B	$16.26B	$16.66B	$14.60B	$14.30B	$12.88B	$12.52B	$11.52B	$10.42B	$10.90B	$10.32B	$9.841B	$8.830B	$8.262B	$7.067B	$5.681B	$5.726B	$5.194B	$4.585B	$4.039B	$3.205B	$2.382B	$1.968B	$1.726B	$1.607B	$1.344B	$978.0M	$771.0M	$668.0M	$526.0M	$446.0M	$420.0M	$345.0M	$283.0M
Cost Of Revenue	$13.87B	$12.05B	$12.78B	$11.08B	$10.20B	$9.319B	$8.519B	$7.993B	$7.489B	$7.407B	$7.304B	$6.666B	$6.225B	$5.547B	$4.819B	$4.462B
Gross Profit	$4.695B	$4.212B	$3.882B	$3.521B	$4.103B	$3.557B	$3.997B	$3.528B	$2.929B	$3.498B	$3.014B	$3.175B	$2.604B	$2.715B	$2.247B	$1.219B
Gross Profit Margin	25.29%	25.91%	23.3%	24.12%	28.69%	27.63%	31.94%	30.62%	28.11%	32.08%	29.21%	32.26%	29.5%	32.86%	31.8%	21.46%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$41.00M	$38.00M	$43.00M	$49.00M	$49.00M	$45.00M	$53.00M	$26.85M	$31.10M	$15.31M	$8.400M	$9.000M															$1.300M	$1.200M	$1.100M	$600.0K	$300.0K	$300.0K	$0.00	$0.00
YoY Change	7.89%	-11.63%	-12.24%	0.0%	8.89%	-15.09%	97.37%	-13.66%	103.17%	82.25%	-6.67%																8.33%	9.09%	83.33%	100.0%	0.0%
% of Gross Profit	0.87%	0.9%	1.11%	1.39%	1.19%	1.27%	1.33%	0.76%	1.06%	0.44%	0.28%	0.28%
Operating Expenses	$17.15B	$15.24B	$15.80B	$13.86B	$12.97B	$11.85B	$11.20B	$10.31B	$9.508B	$9.787B	$9.548B	$8.804B	$7.951B	$7.357B	$6.396B	$5.296B	$5.115B	$4.654B	$4.187B	$3.631B	$2.897B	$2.152B	$1.884B	$1.533B	$1.504B	$1.198B	$857.0M	$674.0M	$594.0M	$461.0M	$392.0M	$378.0M	$307.0M	$256.0M
YoY Change	12.56%	-3.56%	14.02%	6.86%	9.39%	5.85%	8.57%	8.48%	-2.85%	2.5%	8.45%	10.73%	8.07%	15.03%	20.77%	3.54%	9.91%	11.15%	15.31%	25.34%	34.62%	14.23%	22.9%	1.93%	25.54%	39.79%	27.15%	13.47%	28.85%	17.6%	3.7%	23.13%	19.92%	26.11%
Operating Profit	-$12.46B	-$11.02B	-$11.92B	-$10.34B	-$8.863B	-$8.296B	-$7.201B	-$6.786B	-$6.579B	-$6.289B	-$6.534B	-$5.629B	-$5.347B	-$4.642B	-$4.149B	-$4.077B
YoY Change	12.98%	-7.49%	15.31%	16.61%	6.83%	15.21%	6.12%	3.14%	4.61%	-3.74%	16.08%	5.28%	15.17%	11.9%	1.76%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Interest Expense	$257.0M	$184.0M	$127.0M	$170.0M	$173.0M	$147.0M	$146.0M	$137.6M	$142.9M	$96.70M	$124.3M	$105.3M	$102.6M	$91.00M	$69.94M	$76.16M	-$129.0M	-$88.00M	-$41.00M	-$38.00M	-$37.00M	-$36.00M	-$18.00M	-$18.00M	-$11.00M	-$9.000M	-$8.000M	-$6.000M	$0.00
YoY Change	39.67%	44.88%	-25.29%	-1.73%	17.69%	0.68%	6.09%	-3.67%	47.74%	-22.21%	18.0%	2.64%	12.79%	30.11%	-8.17%	-159.04%	46.59%	114.63%	7.89%	2.7%	2.78%	100.0%	0.0%	63.64%	22.22%	12.5%	33.33%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Pretax Income	$1.160B	$831.0M	$691.0M	$553.0M	$1.132B	$626.0M	$871.0M	$758.5M	$493.3M	$768.9M	$473.2M	$644.2M	$400.3M	$500.9M	$295.1M	$280.0M	$475.0M	$451.0M	$356.0M	$369.0M	$272.0M	$194.0M	$66.00M	$175.0M	$92.00M	$138.0M	$113.0M	$91.00M	$75.00M	$64.00M	$55.00M	$42.00M	$37.00M	$27.00M
YoY Change	39.59%	20.26%	24.95%	-51.15%	80.83%	-28.13%	14.83%	53.75%	-35.84%	62.47%	-26.54%	60.94%	-20.09%	69.75%	5.39%	-41.05%	5.32%	26.69%	-3.52%	35.66%	40.21%	193.94%	-62.29%	90.22%	-33.33%	22.12%	24.18%	21.33%	17.19%	16.36%	30.95%	13.51%	37.04%	50.0%
Income Tax	$251.0M	$204.0M	$74.00M	$138.0M	$262.0M	$130.0M	-$679.0M	$342.5M	$242.6M	$324.5M	$216.4M	$287.3M	$217.5M	$270.4M	$167.6M	$92.58M	$167.0M	$158.0M	$121.0M	$124.0M	$93.00M	$66.00M	$26.00M	$69.00M	$39.00M	$49.00M	$40.00M	$33.00M	$27.00M	$24.00M	$20.00M	$15.00M	$13.00M	$10.00M
% Of Pretax Income	21.64%	24.55%	10.71%	24.95%	23.14%	20.77%	-77.96%	45.16%	49.18%	42.2%	45.73%	44.6%	54.34%	53.99%	56.78%	33.06%	35.16%	35.03%	33.99%	33.6%	34.19%	34.02%	39.39%	39.43%	42.39%	35.51%	35.4%	36.26%	36.0%	37.5%	36.36%	35.71%	35.14%	37.04%
Net Earnings	$902.0M	$623.0M	$617.0M	$415.0M	$870.0M	$716.0M	$1.822B	$701.4M	$502.2M	$684.0M	$418.8M	$631.9M	$546.0M	$535.7M	$373.0M	$176.8M	$294.0M	$288.0M	$224.0M	$222.0M	$173.0M	$123.0M	$33.00M	$78.00M	$41.00M	$62.00M	$55.00M	$55.00M	$47.00M	$40.00M	$34.00M	$26.00M	$24.00M	$17.00M
YoY Change	44.78%	0.97%	48.67%	-52.3%	21.51%	-60.7%	159.75%	39.68%	-26.59%	63.32%	-33.72%	15.72%	1.92%	43.63%	110.98%	-39.87%	2.08%	28.57%	0.9%	28.32%	40.65%	272.73%	-57.69%	90.24%	-33.87%	12.73%	0.0%	17.02%	17.5%	17.65%	30.77%	8.33%	41.18%	41.67%
Net Earnings / Revenue	4.86%	3.83%	3.7%	2.84%	6.08%	5.56%	14.56%	6.09%	4.82%	6.27%	4.06%	6.42%	6.18%	6.48%	5.28%	3.11%	5.13%	5.54%	4.89%	5.5%	5.4%	5.16%	1.68%	4.52%	2.55%	4.61%	5.62%	7.13%	7.04%	7.6%	7.62%	6.19%	6.96%	6.01%
Basic Earnings Per Share	$13.60	$9.31	$9.10	$6.35	$13.88	$11.25	$28.28	$10.91	$7.55	$9.88	$5.82	$8.57	$7.42	$7.32	$5.12
Diluted Earnings Per Share	$13.44	$9.21	$9.04	$6.31	$13.62	$11.00	$27.71	$10.79	$7.46	$9.78	$5.78	$8.52	$7.37	$7.17	$5.09	$2.723M	$4.594M	$4.571M	$3.500M	$3.524M	$3.327M	$2.460M	$660.0K	$1.560M	$891.3K	$1.442M	$1.447M	$1.447M	$1.237M	$1.026M	$1.000M	$1.083M	$1.000M	$708.3K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$2.970B	$2.927B	$2.948B	$3.408B	$1.449B	$1.890B	$1.304B	$1.201B	$1.525B	$1.646B	$924.0M	$1.260B	$963.0M	$464.0M	$512.0M	$875.0M	$404.0M	$160.0M	$129.0M	$152.0M	$85.00M	$88.00M	$227.0M	$71.00M	$24.00M	$16.00M	$37.00M	$13.00M	$18.00M	$11.00M	$7.000M	$5.000M	$19.00M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$416.0M	$272.0M	$284.0M	$291.0M	$296.0M	$302.0M	$157.0M	$161.0M	$171.0M	$184.0M
YoY Change	52.94%	-4.23%	-2.41%	-1.69%	-1.99%	92.36%	-2.48%	-5.85%	-7.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$71.43B	$63.72B	$72.07B	$66.47B	$60.73B	$49.06B	$47.15B	$40.84B	$38.59B	$33.77B	$29.88B	$30.61B	$23.97B	$21.78B	$18.43B	$14.84B	$15.57B	$13.88B	$11.68B	$9.955B	$8.404B	$6.423B	$4.924B	$4.432B	$3.599B	$4.913B	$3.469B	$2.174B	$1.391B	$936.0M	$858.0M	$565.0M	$442.0M
YoY Change	12.09%	-11.59%	8.42%	9.45%	23.8%	4.04%	15.47%	5.82%	14.29%	13.01%	-2.39%	27.69%	10.06%	18.17%	24.24%	-4.69%	12.17%	18.78%	17.36%	18.46%	30.84%	30.44%	11.1%	23.15%	-26.75%	41.63%	59.57%	56.29%	48.61%	9.09%	51.86%	27.83%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets	$97.62B	$84.71B	$92.18B	$84.66B	$76.73B	$64.54B	$60.52B	$53.10B	$50.38B	$44.65B	$39.67B	$40.36B	$31.63B	$29.08B	$25.25B	$21.66B	$21.60B	$19.04B	$16.19B	$14.05B	$12.11B	$8.893B	$7.016B	$6.062B	$5.124B	$6.319B	$4.674B	$2.894B	$1.990B	$1.394B	$1.250B	$865.0M	$706.0M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due												$0.00	$0.00	$200.0M		$0.00	$30.00M	$29.00M	$126.0M	$56.00M
YoY Change													-100.0%			-100.0%	3.45%	-76.98%	125.0%
Total Short-Term Liabilities														$200.0M			$30.00M	$29.00M	$126.0M	$56.00M
YoY Change																	3.45%	-76.98%	125.0%
Long-Term Debt	$4.427B	$3.961B	$3.847B	$3.961B	$3.579B	$3.470B	$3.572B	$3.929B	$3.197B	$3.072B	$2.699B	$2.467B	$2.067B	$2.026B	$2.225B	$1.927B	$1.905B	$1.685B	$833.0M	$508.0M	$556.0M	$486.0M	$481.0M	$272.0M	$184.0M	$108.0M	$107.0M	$106.0M	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	11.76%	2.96%	-2.88%	10.67%	3.14%	-2.86%	-9.09%	22.9%	4.07%	13.82%	9.4%	19.35%	2.02%	-8.94%	15.46%	1.15%	13.06%	102.28%	63.98%	-8.63%	14.4%	1.04%	76.84%	47.83%	70.37%	0.93%	0.94%
Other Long-Term Liabilities	$32.62B	$33.23B	$29.04B	$24.62B	$23.90B	$19.40B	$17.33B	$15.07B	$14.83B	$13.59B	$13.49B	$14.10B	$9.205B	$8.412B	$8.459B	$8.276B	$7.122B	$6.390B	$5.621B	$4.982B	$4.261B	$3.469B	$2.446B	$2.218B	$1.629B	$3.091B	$2.127B	$1.170B	$629.0M	$44.00M	$53.00M	$28.00M	$26.00M
YoY Change	-1.84%	14.42%	17.97%	3.0%	23.18%	11.94%	15.0%	1.63%	9.15%	0.72%	-4.31%	53.13%	9.43%	-0.56%	2.21%	16.2%	11.46%	13.68%	12.83%	16.92%	22.83%	41.82%	10.28%	36.16%	-47.3%	45.32%	81.79%	86.01%	1329.55%	-16.98%	89.29%	7.69%
Total Long-Term Liabilities	$37.04B	$37.19B	$32.89B	$28.58B	$27.48B	$22.87B	$20.90B	$19.00B	$18.03B	$16.66B	$16.19B	$16.56B	$11.27B	$10.44B	$10.68B	$10.20B	$9.027B	$8.075B	$6.454B	$5.490B	$4.817B	$3.955B	$2.927B	$2.490B	$1.813B	$3.199B	$2.234B	$1.276B	$629.0M	$44.00M	$53.00M	$28.00M	$26.00M
YoY Change	-0.39%	13.08%	15.08%	4.0%	20.14%	9.41%	10.02%	5.4%	8.21%	2.9%	-2.26%	46.94%	7.99%	-2.3%	4.71%	13.03%	11.79%	25.12%	17.56%	13.97%	21.8%	35.12%	17.55%	37.34%	-43.33%	43.2%	75.08%	102.86%	1329.55%	-16.98%	89.29%	7.69%
Total Liabilities	$88.54B	$80.56B	$79.16B	$70.30B	$65.13B	$56.09B	$50.95B	$46.01B	$44.25B	$37.63B	$33.74B	$33.45B	$25.82B	$24.04B	$21.38B	$19.04B	$18.41B	$16.22B	$13.67B	$11.77B	$10.17B	$7.670B	$6.010B	$5.199B	$4.391B	$5.570B	$4.174B	$2.468B	$1.613B	$1.118B	$970.0M	$764.0M	$628.0M
YoY Change	9.91%	1.77%	12.6%	7.94%	16.13%	10.09%	10.74%	3.97%	17.58%	11.54%	0.86%	29.58%	7.38%	12.44%	12.29%	3.44%	13.48%	18.7%	16.12%	15.77%	32.54%	27.62%	15.6%	18.4%	-21.17%	33.45%	69.12%	53.01%	44.28%	15.26%	26.96%	21.66%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding	66.30M shares	66.90M shares	67.80M shares	65.40M shares	62.70M shares	63.70M shares	64.43M shares	64.27M shares	66.55M shares	69.25M shares	71.92M shares	73.74M shares	73.59M shares	73.16M shares	72.79M shares
Diluted Shares Outstanding	67.10M shares	67.70M shares	68.30M shares	65.80M shares	63.90M shares	65.10M shares	65.75M shares	64.99M shares	67.29M shares	69.96M shares	72.46M shares	74.15M shares	74.11M shares	74.69M shares	73.33M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $14.677 Billion

About REINSURANCE GROUP OF AMERICA INC

Reinsurance Group of America, Inc. is a holding company, which engages in the provision of traditional and non-traditional life and health reinsurance products. The company is headquartered in Chesterfield Missouri, Missouri and currently employs 3,900 full-time employees. The firm is a provider of traditional life and health reinsurance and financial solutions. The firm has four segments. The U.S. and Latin America Traditional segment provides individual and group life and health reinsurance, including long-term care, to domestic clients for a variety of products. The Canada Traditional segment is primarily engaged in individual life reinsurance, and to a lesser extent creditor, group life and health, critical illness and disability reinsurance. The Europe, Middle East and Africa Traditional segment provides individual and group life and health products through yearly renewable term and coinsurance agreements, reinsurance of critical illness coverage. The Asia Pacific Traditional segment provides individual and group life and health reinsurance, critical illness coverage, disability and superannuation through yearly renewable term and coinsurance agreements.

Industry: Life Insurance Peers: ALLEGHANY CORP /DE