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Reinsurance Group of America, Incorporated (RGA)
NYSE: RGA · Real-Time Price · USD
242.55
+1.85 (0.77%)
At close: Aug 20, 2026, 4:00 PM EDT
242.65
+0.10 (0.04%)
Pre-market: Aug 21, 2026, 8:23 AM EDT

RGA Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
1,5081,1827179025171,170
Depreciation & Amortization
434346413843
Other Amortization
481481391348337287
Gain (Loss) on Sale of Assets
-----2-11
Gain (Loss) on Sale of Investments
-26-26531354468-621
Change in Accounts Receivable
-422-422-397-537-249-117
Reinsurance Recoverable
6767231-20961131
Change in Income Taxes
351351-61211--
Change in Deferred Taxes
----6753
Change in Insurance Reserves / Liabilities
4,3554,3558,7354,0701,0944,229
Change in Other Net Operating Assets
-739-73921881-71
Other Operating Activities
215-567-407-483-427-332
Operating Cash Flow
5,1994,0919,3704,0441,3434,182
Operating Cash Flow Growth
5.76%-56.34%131.70%201.12%-67.89%25.89%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Acquisitions
------156
Investment in Securities
-12,688-9,512-11,539-3,525-5,285-4,266
Other Investing Activities
-231-337260303-59-61
Investing Cash Flow
-14,865-12,094-12,545-4,066-5,688-4,628

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-691640890690494
Total Debt Repaid
-429-29-28-428-584-611
Net Debt Issued (Repaid)
-34662612462106-117
Issuance of Common Stock
94----
Repurchases of Common Stock
-282-174-27-227-81-99
Common Dividends Paid
-244-240-229-219-205-194
Other Financing Activities
62391118760332031
Financing Cash Flow
9,6308,7983,661784,43620

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-9247-130-13-112-34
Net Cash Flow
-12884235643-21-460

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
5,1994,0919,3704,0441,3434,182
Free Cash Flow Growth
5.76%-56.34%131.70%201.12%-67.89%26.96%
Free Cash Flow Margin
20.02%17.26%42.38%21.78%8.28%25.09%
Free Cash Flow Per Share
78.4261.24140.0660.2719.8461.23
Levered Free Cash Flow
9,8371,8011,7491,926-2,917162.63
Unlevered Free Cash Flow
10,0842,0291,9392,087-2,798249.5

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
279255213217163160
Cash Income Tax Paid
26225278298129368
Change in Working Capital
3,1713,1718,1883,0637434,065
SEC Filings: 10-K · 10-Q