RGA Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Debt Securities	102,115	77,980	60,689	53,055	60,836
Equity and Preferred Securities	311	155	139	134	151
Other Investments	28,055	19,905	18,072	17,291	17,541
Total Investments	130,481	98,040	78,900	70,480	78,528
Cash & Equivalents	4,168	3,326	2,970	2,927	2,948
Reinsurance Contract Assets	7,175	5,531	5,448	2,671	2,580
Deferred Acquisition Costs	6,079	5,543	4,617	4,128	3,690
Other Receivables	5,771	4,884	4,287	3,643	3,421
Other Assets	2,916	1,351	1,401	1,055	1,008
Total Assets	156,590	118,675	97,623	84,904	92,175
Claims Reserves	121,765	91,379	74,492	68,758	69,152
Reinsurance Contract Liabilities	1,888	1,316	1,103	725	613
Total Debt	5,710	5,042	4,427	3,961	3,847
Other Liabilities	13,676	10,032	8,430	4,289	5,549
Total Liabilities	143,039	107,769	88,452	77,733	79,161
Common Stock	1	1	1	1	1
Treasury Stock	-2,013	-1,889	-1,900	-1,720	-1,653
Additional Paid-in Capital	2,640	2,600	2,544	2,502	2,461
Accumulated Other Comprehensive Income	2,682	849	-369	-1,871	3,642
Retained Earnings	10,151	9,255	8,805	8,169	8,563
Total Common Shareholders' Equity	13,461	10,816	9,081	7,081	13,014
Minority Interest	90	90	90	90	-
Shareholders' Equity	13,551	10,906	9,171	7,171	13,014
Total Liabilities & Equity	156,590	118,675	97,623	84,904	92,175
Book Value	13,461	10,816	9,081	7,081	13,014
Book Value Per Share	201.51	161.67	135.34	104.59	190.54
Tangible Book Value	13,461	10,816	9,081	7,081	13,014
Tangible Book Value Per Share	201.51	161.67	135.34	104.59	190.54

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q