Stocktoria

REINSURANCE GROUP OF AMERICA INC RGA

NYSE · stock · Life Insurance · website · IPO 1993-05-03 · LEI

REINSURANCE GROUP OF AMERICA INC statistics & valuation

Market cap$14.1B
P / E11.9×
P / S0.6×
P / B1.0×
Dividend yield1.70%
Net margin5.0%
Return on equity8.7%
Net debt$1.5B
Enterprise value USD$15.6B
Graham number +15.5%$284.15

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($284.15); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
6.10% 14.60% 5.60% 6.10% 2.80% 7.00% 3.20% 4.90% 3.20% 5.00% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
9.90% 19.00% 8.50% 7.50% 2.90% 14.30% 7.20% 9.80% 6.60% 8.70% 2016201720182019202020212022202320242025
Shares outstanding
65.0M 65.8M 65.1M 63.9M 65.8M 68.3M 67.7M 67.1M 66.9M 66.8M 2016201720182019202020212022202320242025
Net debt ($)
$1.89B $1.48B $1.34B -$427.0M $625.0M $740.0M $1.03B $1.46B $1.72B $1.54B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.30% 3.00% 1.10% 1.10% 0.50% 1.30% 0.60% 0.90% 0.60% 0.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
12.30% 15.50% 12.10% 15.90% 22.60% 25.00% 8.10% 2016201720182019202020212022202320242025
Debt / equity (×)
0.44× 0.29× 0.33× 0.26× 0.25× 0.45× 0.55× 0.48× 0.46× 0.42× 2016201720182019202020212022202320242025
EPS ($)
$10.79 $27.71 $11.00 $13.62 $6.31 $17.13 $7.64 $13.44 $10.73 $17.69 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

REINSURANCE GROUP OF AMERICA INC trades at about 13.9× earnings — near its 10-year norm (10-year range 5.7×–21.2×, median 12.9×).

5.7× 21.2×

Shaded band = 10-year range (5.7×–21.2×); dot = today's 13.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin5.0%3.2%4.9%3.2%7.0%2.8%6.1%5.6%14.6%6.1%
FCF margin———8.1%25.0%22.6%15.9%12.1%15.5%12.3%
Return on assets0.8%0.6%0.9%0.6%1.3%0.5%1.1%1.1%3.0%1.3%
Return on equity8.7%6.6%9.8%7.2%14.3%2.9%7.5%8.5%19.0%9.9%
Debt / equity0.42×0.46×0.48×0.55×0.45×0.25×0.26×0.33×0.29×0.44×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.