Reinsurance Group of America, Incorporated (RGA) Financial Statements
Reinsurance Group of America financial statements at a glance
Reinsurance Group of America reported revenue of $23.68 billion for fiscal year 2025 (ended December 31, 2025), up 7.1% from fiscal year 2024. Net income was $1.18 billion, a net margin of 5.0%, and diluted earnings per share were $17.69.
At the end of fiscal year 2025 it had total assets of $156.59 billion, total liabilities of $143.04 billion and shareholders' equity of $13.46 billion, with cash and short-term investments of $18.24 billion and total debt of $5.71 billion.
Its operations brought in $4.09 billion of cash, leaving free cash flow of $4.09 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Reinsurance Group of America, Incorporated
Income Statement
Annual • USD
Reinsurance Group of America key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $23.7B | $22.1B | $18.6B | $16.2B | $16.1B |
| Operating income | $1.9B | $1.2B | $1.4B | $871.0M | $1.5B |
| Net income | $1.2B | $717.0M | $902.0M | $517.0M | $1.2B |
| Diluted EPS | $17.69 | – | – | – | $9.04 |
| Total assets | $156.6B | $118.7B | $97.6B | $84.9B | $92.2B |
| Total liabilities | $143.0B | $107.9B | $88.5B | $77.8B | $79.2B |
| Shareholders' equity | $13.5B | $10.8B | $9.1B | $7.1B | $13.0B |
| Cash and short-term investments | $18.2B | – | – | – | $11.6B |
| Total debt | $5.7B | $5.0B | $4.4B | $4.0B | $3.8B |
| Operating cash flow | $4.1B | $9.4B | $4.0B | $1.3B | $4.2B |
| Capital spending | – | – | – | – | $19.0M |
| Free cash flow | $4.1B | – | – | – | $4.2B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Reinsurance Group of America's revenue in fiscal year 2025?
$23.68 billion, up 7.1% from $22.12 billion in fiscal year 2024.
How much profit does Reinsurance Group of America make?
Reinsurance Group of America reported net income of $1.18 billion for fiscal year 2025 (5.0% of revenue); operating income was $1.91 billion.
How much cash and debt does Reinsurance Group of America have?
At the end of fiscal year 2025: cash and short-term investments of $18.24 billion and total debt of $5.71 billion.
What is Reinsurance Group of America's free cash flow?
$4.09 billion in fiscal year 2025 (operating cash flow of $4.09 billion).
