Reinsurance Group of America, Incorporated (RGA)

RGA Cash Flow Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	860	902	517	1,170	415	870
Depreciation & Amortization	41	41	38	43	49	49
Other Operating Activities	7,305	3,101	788	2,969	2,858	1,388
Operating Cash Flow	8,206	4,044	1,343	4,182	3,322	2,307
Operating Cash Flow Growth	197.97%	201.12%	-67.89%	25.89%	44.00%	45.92%
Capital Expenditures	5	0	0	0	-28	-34
Acquisitions	-114	-77	17	-287	-173	4
Change in Investments	-6,455	-4,394	-5,506	-4,827	-2,317	-2,304
Other Investing Activities	483	405	-199	486	-162	-304
Investing Cash Flow	-6,081	-4,066	-5,688	-4,628	-2,680	-2,638
Dividends Paid	-222	-219	-205	-194	-182	-163
Share Issuance / Repurchase	-176	-227	-81	-99	319	-95
Debt Issued / Paid	-177	462	106	-117	376	100
Other Financing Activities	1,161	62	4,616	430	741	37
Financing Cash Flow	586	78	4,436	20	1,254	-121
Exchange Rate Effect	-70	-13	-112	-34	63	11
Net Cash Flow	2,641	43	-21	-460	1,959	-441
Free Cash Flow	8,211	4,044	1,343	4,182	3,294	2,273
Free Cash Flow Growth	197.50%	201.12%	-67.89%	26.96%	44.92%	46.46%
Free Cash Flow Margin	39.76%	21.78%	8.28%	25.09%	22.57%	15.90%
Free Cash Flow Per Share	124.87	61.36	20.09	61.86	48.49	36.30

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).