REINSURANCE GROUP OF AMERICA (RGA) Fundamental Analysis & Valuation

NYSE:RGA • US7593516047

Current stock price

204.16 USD
+3.92 (+1.96%)
At close:
204.16 USD
0 (0%)
After Hours:

This RGA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. RGA Profitability Analysis

1.1 Basic Checks

  • In the past year RGA was profitable.
  • RGA had a positive operating cash flow in the past year.
  • RGA had positive earnings in each of the past 5 years.
  • RGA had a positive operating cash flow in each of the past 5 years.
RGA Yearly Net Income VS EBIT VS OCF VS FCFRGA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

1.2 Ratios

  • RGA has a Return On Assets of 0.75%. This is in the lower half of the industry: RGA underperforms 66.67% of its industry peers.
  • RGA's Return On Equity of 8.78% is in line compared to the rest of the industry. RGA outperforms 40.14% of its industry peers.
Industry RankSector Rank
ROA 0.75%
ROE 8.78%
ROIC N/A
ROA(3y)0.76%
ROA(5y)0.83%
ROE(3y)8.45%
ROE(5y)8.33%
ROIC(3y)N/A
ROIC(5y)N/A
RGA Yearly ROA, ROE, ROICRGA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • The Profit Margin of RGA (4.99%) is worse than 62.59% of its industry peers.
  • In the last couple of years the Profit Margin of RGA has grown nicely.
  • Looking at the Operating Margin, with a value of 8.63%, RGA is doing worse than 68.03% of the companies in the same industry.
  • In the last couple of years the Operating Margin of RGA has grown nicely.
Industry RankSector Rank
OM 8.63%
PM (TTM) 4.99%
GM N/A
OM growth 3Y15.53%
OM growth 5Y10.63%
PM growth 3Y16.19%
PM growth 5Y11.93%
GM growth 3YN/A
GM growth 5YN/A
RGA Yearly Profit, Operating, Gross MarginsRGA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10

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3

2. RGA Health Analysis

2.1 Basic Checks

  • RGA does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for RGA has been reduced compared to 1 year ago.
  • RGA has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, RGA has an improved debt to assets ratio.
RGA Yearly Shares OutstandingRGA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
RGA Yearly Total Debt VS Total AssetsRGA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B

2.2 Solvency

  • RGA has a debt to FCF ratio of 1.40. This is a very positive value and a sign of high solvency as it would only need 1.40 years to pay back of all of its debts.
  • The Debt to FCF ratio of RGA (1.40) is comparable to the rest of the industry.
  • RGA has a Debt/Equity ratio of 0.42. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.42, RGA is doing worse than 63.95% of the companies in the same industry.
  • Although RGA's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.42
Debt/FCF 1.4
Altman-Z N/A
ROIC/WACCN/A
WACC7.44%
RGA Yearly LT Debt VS Equity VS FCFRGA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. RGA Growth Analysis

3.1 Past

  • RGA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.31%, which is quite good.
  • The Earnings Per Share has been growing by 26.81% on average over the past years. This is a very strong growth
  • RGA shows a small growth in Revenue. In the last year, the Revenue has grown by 7.16%.
  • RGA shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.15% yearly.
EPS 1Y (TTM)8.31%
EPS 3Y19.27%
EPS 5Y26.81%
EPS Q2Q%55.31%
Revenue 1Y (TTM)7.16%
Revenue growth 3Y13.38%
Revenue growth 5Y10.15%
Sales Q2Q%27.52%

3.2 Future

  • RGA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.22% yearly.
  • Based on estimates for the next years, RGA will show a quite strong growth in Revenue. The Revenue will grow by 9.25% on average per year.
EPS Next Y7.49%
EPS Next 2Y8.39%
EPS Next 3Y9.35%
EPS Next 5Y10.22%
Revenue Next Year11.45%
Revenue Next 2Y8.74%
Revenue Next 3Y9.31%
Revenue Next 5Y9.25%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
RGA Yearly Revenue VS EstimatesRGA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10B 20B 30B
RGA Yearly EPS VS EstimatesRGA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10 20 30

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6

4. RGA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 8.33, the valuation of RGA can be described as reasonable.
  • RGA's Price/Earnings ratio is a bit cheaper when compared to the industry. RGA is cheaper than 66.67% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.35, RGA is valued rather cheaply.
  • A Price/Forward Earnings ratio of 7.75 indicates a rather cheap valuation of RGA.
  • Based on the Price/Forward Earnings ratio, RGA is valued a bit cheaper than the industry average as 70.07% of the companies are valued more expensively.
  • RGA is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.61, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 8.33
Fwd PE 7.75
RGA Price Earnings VS Forward Price EarningsRGA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of RGA indicates a somewhat cheap valuation: RGA is cheaper than 61.90% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, RGA is valued a bit cheaper than the industry average as 76.19% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 3.27
EV/EBITDA 7.15
RGA Per share dataRGA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.11
PEG (5Y)0.31
EPS Next 2Y8.39%
EPS Next 3Y9.35%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. RGA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.82%, RGA has a reasonable but not impressive dividend return.
  • RGA's Dividend Yield is comparable with the industry average which is at 2.50.
  • RGA's Dividend Yield is comparable with the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 1.82%

5.2 History

  • The dividend of RGA has a limited annual growth rate of 5.63%.
  • RGA has been paying a dividend for at least 10 years, so it has a reliable track record.
  • RGA has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)5.63%
Div Incr Years15
Div Non Decr Years15
RGA Yearly Dividends per shareRGA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 20.30% of the earnings are spent on dividend by RGA. This is a low number and sustainable payout ratio.
  • RGA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP20.3%
EPS Next 2Y8.39%
EPS Next 3Y9.35%
RGA Yearly Income VS Free CF VS DividendRGA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B
RGA Dividend Payout.RGA Dividend Payout, showing the Payout Ratio.RGA Dividend Payout.PayoutRetained Earnings

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RGA Fundamentals: All Metrics, Ratios and Statistics

REINSURANCE GROUP OF AMERICA

NYSE:RGA (3/31/2026, 7:07:43 PM)

After market: 204.16 0 (0%)

204.16

+3.92 (+1.96%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners99.38%
Inst Owner Change-0.55%
Ins Owners0.23%
Ins Owner Change6.05%
Market Cap13.38B
Revenue(TTM)23.71B
Net Income(TTM)1.18B
Analysts74.29
Price Target252.71 (23.78%)
Short Float %1.54%
Short Ratio2.53
Dividend
Industry RankSector Rank
Dividend Yield 1.82%
Yearly Dividend3.65
Dividend Growth(5Y)5.63%
DP20.3%
Div Incr Years15
Div Non Decr Years15
Ex-Date02-17
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.22%
Min EPS beat(2)8.95%
Max EPS beat(2)33.5%
EPS beat(4)3
Avg EPS beat(4)7.94%
Min EPS beat(4)-16.11%
Max EPS beat(4)33.5%
EPS beat(8)6
Avg EPS beat(8)9.7%
EPS beat(12)10
Avg EPS beat(12)14%
EPS beat(16)13
Avg EPS beat(16)31.89%
Revenue beat(2)2
Avg Revenue beat(2)3.73%
Min Revenue beat(2)3.67%
Max Revenue beat(2)3.8%
Revenue beat(4)2
Avg Revenue beat(4)-0.82%
Min Revenue beat(4)-8.36%
Max Revenue beat(4)3.8%
Revenue beat(8)4
Avg Revenue beat(8)4.4%
Revenue beat(12)7
Avg Revenue beat(12)4.81%
Revenue beat(16)9
Avg Revenue beat(16)3.48%
PT rev (1m)3.07%
PT rev (3m)4.58%
EPS NQ rev (1m)1.25%
EPS NQ rev (3m)3.53%
EPS NY rev (1m)1.33%
EPS NY rev (3m)0.94%
Revenue NQ rev (1m)-0.14%
Revenue NQ rev (3m)0.2%
Revenue NY rev (1m)0.8%
Revenue NY rev (3m)0.33%
Valuation
Industry RankSector Rank
PE 8.33
Fwd PE 7.75
P/S 0.56
P/FCF 3.27
P/OCF 3.27
P/B 0.99
P/tB 0.99
EV/EBITDA 7.15
EPS(TTM)24.5
EY12%
EPS(NY)26.34
Fwd EY12.9%
FCF(TTM)62.4
FCFY30.56%
OCF(TTM)62.4
OCFY30.56%
SpS361.61
BVpS205.32
TBVpS205.32
PEG (NY)1.11
PEG (5Y)0.31
Graham Number336.43
Profitability
Industry RankSector Rank
ROA 0.75%
ROE 8.78%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM 8.63%
PM (TTM) 4.99%
GM N/A
FCFM 17.26%
ROA(3y)0.76%
ROA(5y)0.83%
ROE(3y)8.45%
ROE(5y)8.33%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y15.53%
OM growth 5Y10.63%
PM growth 3Y16.19%
PM growth 5Y11.93%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.15
Health
Industry RankSector Rank
Debt/Equity 0.42
Debt/FCF 1.4
Debt/EBITDA 2.73
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 8.02
Cash Conversion 195.93%
Profit Quality 346.11%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC7.44%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)700.43%
Profit Quality(5y)542.41%
High Growth Momentum
Growth
EPS 1Y (TTM)8.31%
EPS 3Y19.27%
EPS 5Y26.81%
EPS Q2Q%55.31%
EPS Next Y7.49%
EPS Next 2Y8.39%
EPS Next 3Y9.35%
EPS Next 5Y10.22%
Revenue 1Y (TTM)7.16%
Revenue growth 3Y13.38%
Revenue growth 5Y10.15%
Sales Q2Q%27.52%
Revenue Next Year11.45%
Revenue Next 2Y8.74%
Revenue Next 3Y9.31%
Revenue Next 5Y9.25%
EBIT growth 1Y58.04%
EBIT growth 3Y30.98%
EBIT growth 5Y21.86%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-56.34%
FCF growth 3Y45.87%
FCF growth 5Y4.43%
OCF growth 1Y-56.34%
OCF growth 3Y44.96%
OCF growth 5Y4.25%

REINSURANCE GROUP OF AMERICA / RGA Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for REINSURANCE GROUP OF AMERICA?

ChartMill assigns a fundamental rating of 4 / 10 to RGA.


Can you provide the valuation status for REINSURANCE GROUP OF AMERICA?

ChartMill assigns a valuation rating of 6 / 10 to REINSURANCE GROUP OF AMERICA (RGA). This can be considered as Fairly Valued.


Can you provide the profitability details for REINSURANCE GROUP OF AMERICA?

REINSURANCE GROUP OF AMERICA (RGA) has a profitability rating of 3 / 10.


What is the financial health of REINSURANCE GROUP OF AMERICA (RGA) stock?

The financial health rating of REINSURANCE GROUP OF AMERICA (RGA) is 3 / 10.


Can you provide the expected EPS growth for RGA stock?

The Earnings per Share (EPS) of REINSURANCE GROUP OF AMERICA (RGA) is expected to grow by 7.49% in the next year.