REINSURANCE GROUP OF AMERICA (RGA) Fundamental Analysis & Valuation

NYSE:RGA • US7593516047

Current stock price

200.24 USD
+1.42 (+0.71%)
At close:
200.24 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

  • RGA had positive earnings in the past year.
  • In the past year RGA had a positive cash flow from operations.
  • In the past 5 years RGA has always been profitable.
  • In the past 5 years RGA always reported a positive cash flow from operatings.
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 worse Return On Assets (0.75%) than 66.67% of its industry peers.
  • Looking at the Return On Equity, with a value of 8.78%, RGA is in line with its industry, outperforming 40.14% of the companies in the same industry.
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

  • RGA's Profit Margin of 4.99% is on the low side compared to the rest of the industry. RGA is outperformed by 62.59% of its industry peers.
  • RGA's Profit Margin has improved in the last couple of years.
  • RGA's Operating Margin of 8.63% is on the low side compared to the rest of the industry. RGA is outperformed by 68.03% of its industry peers.
  • RGA's Operating Margin has improved in the last couple of years.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • RGA has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for RGA has been reduced compared to 5 years ago.
  • RGA has a better debt/assets ratio than last year.
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

  • The Debt to FCF ratio of RGA is 1.40, which is an excellent value as it means it would take RGA, only 1.40 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 1.40, RGA is in line with its industry, outperforming 53.06% of the companies in the same industry.
  • A Debt/Equity ratio of 0.42 indicates that RGA is not too dependend on debt financing.
  • The Debt to Equity ratio of RGA (0.42) is worse than 63.95% of its industry peers.
  • 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
WACC7.48%
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

  • The Earnings Per Share has grown by an nice 8.31% over the past year.
  • The Earnings Per Share has been growing by 26.81% on average over the past years. This is a very strong growth
  • The Revenue has been growing slightly by 7.16% in the past year.
  • Measured over the past years, RGA shows a quite strong growth in Revenue. The Revenue has been growing by 10.15% on average per year.
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

  • Based on estimates for the next years, RGA will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.22% on average per year.
  • RGA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.25% yearly.
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.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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

  • The Price/Earnings ratio is 8.17, which indicates a very decent valuation of RGA.
  • Compared to the rest of the industry, the Price/Earnings ratio of RGA indicates a somewhat cheap valuation: RGA is cheaper than 66.67% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 24.75, RGA is valued rather cheaply.
  • RGA is valuated cheaply with a Price/Forward Earnings ratio of 7.60.
  • RGA's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. RGA is cheaper than 70.07% of the companies in the same industry.
  • RGA is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 8.17
Fwd PE 7.6
RGA Price Earnings VS Forward Price EarningsRGA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, RGA is valued a bit cheaper than 61.22% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, RGA is valued a bit cheaper than the industry average as 76.87% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 3.21
EV/EBITDA 7.03
RGA Per share dataRGA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300

4.3 Compensation for Growth

  • RGA's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.09
PEG (5Y)0.3
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

  • RGA has a Yearly Dividend Yield of 1.82%. Purely for dividend investing, there may be better candidates out there.
  • RGA's Dividend Yield is comparable with the industry average which is at 2.50.
  • Compared to an average S&P500 Dividend Yield of 1.89, RGA has a dividend comparable with the average S&P500 company.
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 paid a dividend for at least 10 years, which is a reliable track record.
  • RGA has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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.
  • The dividend of RGA is growing, but earnings are growing more, so the dividend growth is 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 (3/30/2026, 8:04:00 PM)

After market: 200.24 0 (0%)

200.24

+1.42 (+0.71%)

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 Cap13.13B
Revenue(TTM)23.71B
Net Income(TTM)1.18B
Analysts74.29
Price Target252.71 (26.2%)
Short Float %1.01%
Short Ratio1.56
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 8.17
Fwd PE 7.6
P/S 0.55
P/FCF 3.21
P/OCF 3.21
P/B 0.98
P/tB 0.98
EV/EBITDA 7.03
EPS(TTM)24.5
EY12.24%
EPS(NY)26.34
Fwd EY13.15%
FCF(TTM)62.4
FCFY31.16%
OCF(TTM)62.4
OCFY31.16%
SpS361.61
BVpS205.32
TBVpS205.32
PEG (NY)1.09
PEG (5Y)0.3
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
WACC7.48%
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.


How profitable is REINSURANCE GROUP OF AMERICA (RGA) stock?

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


What is the valuation of REINSURANCE GROUP OF AMERICA based on its PE and PB ratios?

The Price/Earnings (PE) ratio for REINSURANCE GROUP OF AMERICA (RGA) is 8.17 and the Price/Book (PB) ratio is 0.98.


Is the dividend of REINSURANCE GROUP OF AMERICA sustainable?

The dividend rating of REINSURANCE GROUP OF AMERICA (RGA) is 6 / 10 and the dividend payout ratio is 20.3%.