RGA · XBRL financial data
Reinsurance Group of America financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (RGA's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 14,596 | 16,658 | 16,258 | 18,567 | 22,107 | 23,698 |
| Interest expense | 170 | 127 | 184 | 257 | 304 | 366 |
| Income tax expense (benefit) | 138 | 74 | 204 | 251 | 256 | 351 |
| Net income (loss) | 415 | 617 | 623 | 902 | 717 | 1,182 |
| Earnings per share, basic USD per share | 6.35 | 9.10 | 9.31 | 13.60 | 10.90 | 17.94 |
| Earnings per share, diluted USD per share | 6.31 | 9.04 | 9.21 | 13.44 | 10.73 | 17.69 |
| Weighted average shares, basic millions of shares | 65 | 68 | 67 | 66 | 66 | 66 |
| Weighted average shares, diluted millions of shares | 66 | 68 | 68 | 67 | 67 | 67 |
Balance sheet
CSVFiscal years (RGA's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 3,408 | 2,948 | 2,927 | 2,970 | 3,326 | 4,168 |
| Goodwill | 7 | 7 | 7 | — | — | — |
| Total assets | 84,656 | 92,175 | 84,706 | 97,623 | 118,675 | 156,590 |
| Total liabilities | 70,304 | 79,161 | 80,471 | 88,452 | 107,769 | 143,039 |
| Retained earnings | 8,148 | 8,563 | 8,967 | 8,805 | 9,255 | 10,151 |
| Total stockholders' equity | 14,352 | 13,014 | 4,145 | 9,081 | 10,816 | 13,461 |
| Total liabilities and equity | 84,656 | 92,175 | 84,706 | 97,623 | 118,675 | 156,590 |
| Common shares outstanding (cover page) millions of shares | 68 | 67 | 67 | 66 | 66 | 66 |
Cash flows
CSVFiscal years (RGA's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 415 | 617 | 623 | 902 | 717 | 1,182 |
| Depreciation and amortization | 49 | 43 | 38 | 41 | 46 | 43 |
| Net cash from operating activities | 3,322 | 4,182 | 1,343 | 4,044 | 9,370 | 4,091 |
| Purchases of property and equipment | 28 | 19 | 25 | — | — | — |
| Net cash from investing activities | (2,680) | (4,628) | (5,688) | (4,066) | (12,545) | (12,094) |
| Proceeds from issuing common stock | 481 | 0 | 0 | — | — | — |
| Proceeds from issuing equity | — | — | — | 0 | 0 | 4 |
| Dividends paid | 182 | 194 | 205 | 219 | 229 | 240 |
| Proceeds from long-term debt | 598 | 500 | 700 | 890 | 640 | 691 |
| Net cash from financing activities | 1,254 | 20 | 4,436 | 78 | 3,661 | 8,798 |
| Net change in cash | 1,959 | (460) | (21) | 43 | 356 | 842 |
Compare with peers
SIC 6311 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6311 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Reinsurance Group of America | 5,288 | 6,637 | (484)* | 65.3M | — | 10-QJun 30, 2026 |
| Globe Life | 257 | 1,600 | 314* | 76.8M | — | 10-QJun 30, 2026 |
| Athene Holding | 23,711 | 9,152 | 1,796* | 203,805 | — | 10-QJun 30, 2026 |
| Primerica | 600 | 865 | 194* | 30.8M | — | 10-QJun 30, 2026 |
| Corebridge Financial | 453 | 6,164 | 605* | 438.5M | — | 10-QSep 30, 2026 |
| Voya Financial | 1,085 | 1,896 | 503* | 90.6M | — | 10-QJun 30, 2026 |
| Lincoln National | 10,165 | 4,542 | (558)* | 191.4M | 18.2 quarters | 10-QJun 30, 2026 |
| Jackson Financial | 4,101 | 1,542 | 1,417* | 66.1M | — | 10-QSep 30, 2026 |
| Prudential Financial | 15,162 | 15,661 | 2,346* | 345.0M | — | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.