Reinsurance Group of America, Incorporated (RGA)

RGA Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	105,949	100,242	76,571	59,950	52,609	60,646
Investments in Equity & Preferred Securities	4,666	4,058	3,222	2,774	2,461	2,147
Policy Loans	3,372	3,541	1,321	1,206	1,231	1,234
Other Investments	446	410	429	289	256	228
Total Investments	127,891	120,552	91,366	72,540	64,015	71,296
Cash & Equivalents	4,648	4,168	3,326	2,970	2,927	2,948
Reinsurance Recoverable	10,165	7,175	5,531	5,448	2,671	2,580
Other Receivables	6,414	5,771	4,884	4,287	3,643	3,421
Deferred Policy Acquisition Cost	6,420	6,079	5,543	4,617	4,128	3,690
Property, Plant & Equipment	-	350	325	279	-	139
Goodwill	-	-	-	-	-	7
Other Intangible Assets	-	136	133	148	152	167
Other Current Assets	135	185	121	97	170	175
Long-Term Deferred Tax Assets	-	50	78	112	116	41
Other Long-Term Assets	13,847	12,124	7,368	7,125	7,082	7,711
Total Assets	169,520	156,590	118,675	97,623	84,904	92,175

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Insurance & Annuity Liabilities	129,113	117,248	87,121	70,601	65,501	61,304
Unpaid Claims	3,067	3,011	2,693	2,730	2,480	6,993
Unearned Premiums	764	802	907	488	-	-
Reinsurance Payable	1,532	1,888	1,316	1,103	725	613
Current Portion of Long-Term Debt	-	404	-	-	400	-
Current Portion of Leases	-	41	-	-	-	-
Current Income Taxes Payable	2,811	28	-	-	-	-
Long-Term Debt	5,310	5,306	5,042	4,427	3,561	3,847
Long-Term Leases	-	68	-	-	-	-
Long-Term Deferred Tax Liabilities	-	2,970	2,199	1,862	1,383	2,886
Other Current Liabilities	11,073	7,815	5,778	4,889	1,823	833
Other Long-Term Liabilities	4,124	3,187	2,450	2,053	1,727	2,354
Total Liabilities	157,794	143,039	107,769	88,452	77,733	79,161

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	1	1	1	1	1	1
Additional Paid-In Capital	2,693	2,640	2,600	2,544	2,502	2,461
Retained Earnings	11,161	10,151	9,255	8,805	8,169	8,563
Treasury Stock	-2,179	-2,013	-1,889	-1,900	-1,720	-1,653
Comprehensive Income & Other	-40	2,682	849	-369	-1,871	3,642
Total Common Equity	11,636	13,461	10,816	9,081	7,081	13,014
Minority Interest	90	90	90	90	90	-
Shareholders' Equity	11,726	13,551	10,906	9,171	7,171	13,014
Total Liabilities & Equity	169,520	156,590	118,675	97,623	84,904	92,175

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	65.05	65.56	66.02	65.76	66.86	67.19
Total Common Shares Outstanding	65.04	65.46	65.87	65.62	66.68	67.17
Total Debt	5,310	5,819	5,042	4,427	3,961	3,847
Net Cash (Debt)	-662	-1,651	-1,716	-1,457	-1,034	-899
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-10.02	-24.72	-25.65	-21.71	-15.27	-13.16
Book Value Per Share	178.90	205.63	164.20	138.39	106.20	193.75
Tangible Book Value	11,636	13,325	10,683	8,933	6,929	12,840
Tangible Book Value Per Share	178.90	203.55	162.18	136.13	103.92	191.15

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 10, 2026

Data Sources Report a data error