RGA Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Premiums Earned	17,806	17,230	17,843	15,085	13,078	12,513
Investment Income	6,275	5,806	4,416	3,591	3,161	3,138
Net Gains on Investments	-336	-245	-745	-481	-539	567
Total Other Revenues	1,187	907	593	372	527	449
Revenue	24,932	23,698	22,107	18,567	16,227	16,667
Revenue Growth (YoY)	18.55%	7.20%	19.07%	14.42%	-2.64%	14.19%
Insurance Benefits & Claims	19,660	18,638	17,914	14,664	12,965	12,882
Policy Amortization Costs	1,916	1,821	1,641	1,397	1,344	1,325
Other Operating Expenses	1,744	1,699	1,572	1,346	1,200	1,075
Operating Income	1,612	1,540	980	1,160	718	1,385
Pretax Income	1,612	1,540	980	1,160	718	1,385
Provision for Income Taxes	380	351	256	251	197	215
Net Income	1,231	1,182	717	902	521	1,170
Minority Interest in Earnings	3	7	7	7	-	-
Net Income to Common	1,231	1,182	717	902	521	1,170
Net Income Growth	54.26%	64.85%	-20.51%	73.13%	-55.47%	181.93%
Shares Outstanding (Basic)	66	66	66	66	67	68
Shares Outstanding (Diluted)	67	67	67	67	68	68
Shares Change (YoY)	-0.68%	-0.15%	-0.30%	-0.89%	-0.88%	3.80%
EPS (Basic)	18.68	17.94	10.90	13.60	7.73	17.26
EPS (Diluted)	18.46	17.69	10.73	13.44	7.64	17.13
EPS Growth	55.78%	64.86%	-20.16%	75.92%	-55.40%	171.47%
Shares Outstanding	65.51	65.46	65.87	65.62	66.68	67.17
Free Cash Flow	5,535	4,091	9,370	4,044	1,343	4,182
Free Cash Flow Growth	35.30%	-56.34%	131.70%	201.12%	-67.89%	26.96%
Free Cash Flow Per Share	83.18	61.24	140.06	60.27	19.84	61.23
Dividends Per Share	3.680	3.640	3.480	3.300	3.060	2.860
Dividend Growth	1.10%	4.60%	5.46%	7.84%	6.99%	2.14%
Operating Margin	6.47%	6.50%	4.43%	6.25%	4.42%	8.31%
Profit Margin	4.94%	5.02%	3.27%	4.90%	3.21%	7.02%
FCF Margin	22.20%	17.26%	42.38%	21.78%	8.28%	25.09%
EBITDA	1,612	1,583	1,026	1,201	756	1,428
EBITDA Margin	6.47%	6.68%	4.64%	6.47%	4.66%	8.57%
EBIT	1,612	1,540	980	1,160	718	1,385
EBIT Margin	6.47%	6.50%	4.43%	6.25%	4.42%	8.31%
Effective Tax Rate	23.57%	22.79%	26.12%	21.64%	27.44%	15.52%

Updated May 8, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.

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