Reinsurance Group of America, Incorporated (RGA) Stock

Reinsurance Group of America, Incorporated (RGA) is a Financials stock trading at $245.60 (as of 2026-08-24), with a market capitalization of $16.04B and a trailing P/E of 10.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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Understand Reinsurance Group of America, Incorporated: how it makes money

Reinsurance Group of America provides reinsurance for life and health insurance risks, including mortality, morbidity, lapse, and investment-related risks, and earns money by taking on these risks through individual and group life and health, asset-intensive and financial reinsurance, and other capital-motivated solutions.

RGA's profit engine is reinsurance, where it assumes mortality, morbidity, lapse, and investment-related risks for insurers (through life and health, asset-intensive and financial reinsurance, and capital-motivated solutions), so results depend on the performance of the risks it takes on and the economics of those reinsurance deals.

Business quality (Mixed): Clear business description, but the provided segment and operating KPI information is limited (no clean reportable segment revenue breakdown, and the only operating KPIs shown relate to Corporate and Other and COVID-19 claim costs).

Valuation: At 12× earnings, RGA trades 8% below the Insurance average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Broad reinsurance coverage across multiple risk types: RGA offers reinsurance for mortality, morbidity, lapse, and investment-related risks, including individual and group life and health products.
  • Multiple reinsurance solution types: RGA provides both asset-intensive and financial reinsurance products, plus other capital-motivated solutions.

Bear case

  • Potential volatility from specific claim drivers: The company reports COVID-19 claim costs for the United States and Latin America Traditional Segment, which can impact results in that period.
  • Corporate and Other can be a drag: The provided operating KPI shows a Corporate and Other Segment Pre-Tax Adjusted Operating Loss.
Valuation — source: SEC EDGAR (first-party)
Price$245.60
Market Cap$16.04B
P/E Ratio10.6
EV / EBITDA8.8
Price / Book1.16
Price / Sales0.62
DCF Value (model)$298.06
DCF Upside vs Price21.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$23.70B
Net Margin5.0%
Revenue Growth (YoY)18.5%
EPS Growth (YoY)159.9%
Valuation vs Sector & Industry
Stock P/E10.6
Sector P/E (Financials)15.2
Industry P/E (Insurance)13.1
vs Sector-30.1%
vs Industry-18.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($1.41B)
Institutional Holders Tracked10
Congressional Trades (recent)4
Company
SectorFinancials
IndustryInsurance
CEOTony Cheng
Employees4,100
CountryUS
IPO Date2008-09-12

Related Companies (Insurance; 8 comparable insurers)

  • Corebridge Financial, Inc. (CRBG)
  • Lincoln National Corporation (LNC)
  • Voya Financial, Inc. (VOYA)
  • Genworth Financial, Inc. (GNW)
  • MetLife, Inc. (MET)
  • Brighthouse Financial, Inc. (BHFAL)
  • Jackson Financial Inc. (JXN)
  • Globe Life Inc. (GL)
RGA earnings history · RGA institutional & insider holders · RGA KPIs & operating metrics · RGA financials · RGA investor presentations & press releases · RGA SEC filings · RGA peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.