Reinsurance Group of America, I (RGA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Reinsurance Group of America, I

NYSE•Financial Services•Insurance - Reinsurance

$253.27-2.64(-0.01%)Market closed

Market Cap

$15.98B

P/E

10.6x

P/S

0.6x

P/B

1.2x

Reinsurance Group of America, Incorporated provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia. It offers individual and group life and health, disability, long-term care, and critical illness reinsurance; and financial solutions, such as asset-intensive reinsurance, longevity reinsurance, stable value products, pension risk transfer transactions, and capital solutions. The company also provides reinsurance for mortality, morbidity, lapse, and investment-related risks; coinsurance of payout annuities; underwritten annuities; funding agreement backed note program and other capital motivated solutions; and superannuation. Reinsurance Group of America, Incorporated was founded in 1973 and is headquartered in Chesterfield, Missouri.

How this company scores

GoodMetricSide Score: 66/100

Strongest: Growth (25/25); weakest: Cash & Earnings Quality (2/25).

Profitability19/25

Growth25/25

Balance Sheet & Red Flags20/25

Cash & Earnings Quality2/25

Strengths

Growing revenueRising earningsLow leverageProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.6x5y range 9.5x – 29.5x

Currently below its 20-quarter median.

P/S · 0.6x5y range 0.4x – 0.7x

Currently near its 20-quarter median.

P/B · 1.2x5y range 0.6x – 2.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Watch

6 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Price & Volume

Market Cap $15.98B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $25.97B
Q. Revenue: $6.64B
TTM EBITDA: $1.92B
TTM Op. Income: $1.88B
Q. Op. Income: $605.00M
TTM Net Income: $1.51B
Q. Net Income: $462.00M
EPS: $7.07
Shares Out.: $65.00M

$25.97B in TTM revenue grew 19.4% YoY, reaching $6.64B last quarter. TTM EBITDA of $1.92B and TTM operating income of $1.88B show growth is flowing through to the bottom line. TTM net income of $1.51B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 9.1%
Op. Margin: 9.1%
Net Margin: 7.0%

Op. margin of 9.1% is up 3.0% YoY — cost efficiency is improving. Net margin at 7.0% Over the past year, operating margin is up 50% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 10.6x
P/S Ratio: 0.6x
P/B Ratio: 1.2x

At 10.6x P/E, the stock trades below typical market levels. P/S of 0.6x and P/B of 1.2x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has fallen for 4 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $167.12B
Cash: $5.29B
Long-Term Debt: $5.71B
Book Value: $13.69B
D/E Ratio: 0.4
Debt/EBITDA: 9.4

With $167.12B in assets and $5.71B in long-term debt, D/E is 0.4and book value is $13.69B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 12% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-484.00M
TTM Free Cash Flow: $2.69B
FCF Margin: 10.3%
FCF / Net Income: 1.8

TTM FCF of $2.69B on $-484.00M in operating cash flow. The FCF / Net Income ratio of 1.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 80% — an improving trend.