REINSURANCE GROUP OF AMERICA (RGA) Fundamental Analysis & Valuation
NYSE:RGA • US7593516047
212.84 USD
-4.13 (-1.9%)
At close: Mar 3, 2026
212.84 USD
0 (0%)
After Hours: 3/3/2026, 8:04:00 PM
This RGA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, RGA scores 5 out of 10 in our fundamental rating. RGA was compared to 149 industry peers in the Insurance industry. The financial health of RGA is average, but there are quite some concerns on its profitability. RGA is not valued too expensively and it also shows a decent growth rate. Finally RGA also has an excellent dividend rating.
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.
- Each year in the past 5 years RGA has been profitable.
- RGA had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 0.57%, RGA is doing worse than 69.13% of the companies in the same industry.
- RGA's Return On Equity of 6.68% is on the low side compared to the rest of the industry. RGA is outperformed by 65.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.57% | ||
| ROE | 6.68% | ||
| 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
1.3 Margins
- Looking at the Profit Margin, with a value of 3.89%, RGA is doing worse than 70.47% of the companies in the same industry.
- In the last couple of years the Profit Margin of RGA has grown nicely.
- Looking at the Operating Margin, with a value of 7.39%, RGA is doing worse than 71.14% of the companies in the same industry.
- RGA's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.39% | ||
| PM (TTM) | 3.89% | ||
| GM | N/A |
OM growth 3Y12.85%
OM growth 5Y9.09%
PM growth 3Y16.19%
PM growth 5Y11.93%
GM growth 3YN/A
GM growth 5YN/A
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.
- Compared to 1 year ago, RGA has less shares outstanding
- Compared to 5 years ago, RGA has less shares outstanding
- The debt/assets ratio for RGA has been reduced compared to a year ago.
2.2 Solvency
- RGA has a debt to FCF ratio of 1.18. This is a very positive value and a sign of high solvency as it would only need 1.18 years to pay back of all of its debts.
- The Debt to FCF ratio of RGA (1.18) is better than 67.11% of its industry peers.
- RGA has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
- RGA's Debt to Equity ratio of 0.44 is on the low side compared to the rest of the industry. RGA is outperformed by 64.43% of its industry peers.
- Even though the debt/equity ratio score it not favorable for RGA, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 1.18 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC7.35%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. RGA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an nice 8.31% over the past year.
- Measured over the past years, RGA shows a very strong growth in Earnings Per Share. The EPS has been growing by 26.81% on average per year.
- The Revenue has been growing slightly by 7.16% in the past year.
- 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
- Based on estimates for the next years, RGA will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.83% on average per year.
- The Revenue is expected to grow by 9.18% on average over the next years. This is quite good.
EPS Next Y6.08%
EPS Next 2Y7.69%
EPS Next 3Y9.9%
EPS Next 5Y9.83%
Revenue Next Year10.56%
Revenue Next 2Y8.16%
Revenue Next 3Y8.01%
Revenue Next 5Y9.18%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- 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.
4. RGA Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 8.69 indicates a reasonable valuation of RGA.
- Based on the Price/Earnings ratio, RGA is valued a bit cheaper than the industry average as 67.79% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 26.83, RGA is valued rather cheaply.
- With a Price/Forward Earnings ratio of 8.19, the valuation of RGA can be described as very reasonable.
- Based on the Price/Forward Earnings ratio, RGA is valued a bit cheaper than 69.13% of the companies in the same industry.
- RGA is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.95, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.69 | ||
| Fwd PE | 8.19 |
4.2 Price Multiples
- 83.22% of the companies in the same industry are more expensive than RGA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.88 | ||
| EV/EBITDA | N/A |
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)1.43
PEG (5Y)0.32
EPS Next 2Y7.69%
EPS Next 3Y9.9%
5. RGA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 1.69%, RGA has a reasonable but not impressive dividend return.
- RGA's Dividend Yield is comparable with the industry average which is at 2.49.
- Compared to an average S&P500 Dividend Yield of 1.82, RGA has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.69% |
5.2 History
- On average, the dividend of RGA grows each year by 6.13%, which is quite nice.
- RGA has been paying a dividend for at least 10 years, so it has 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)6.13%
Div Incr Years15
Div Non Decr Years15
5.3 Sustainability
- 27.34% 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.
DP27.34%
EPS Next 2Y7.69%
EPS Next 3Y9.9%
RGA Fundamentals: All Metrics, Ratios and Statistics
212.84
-4.13 (-1.9%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-05 2026-02-05/amc
Earnings (Next)04-29 2026-04-29/amc
Inst Owners99.74%
Inst Owner Change-0.55%
Ins Owners0.2%
Ins Owner Change2.54%
Market Cap13.93B
Revenue(TTM)23.71B
Net Income(TTM)867.00M
Analysts74.29
Price Target245.18 (15.19%)
Short Float %0.8%
Short Ratio1.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.69% |
Yearly Dividend3.48
Dividend Growth(5Y)6.13%
DP27.34%
Div Incr Years15
Div Non Decr Years15
Ex-Date02-17 2026-02-17 (0.93)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.58%
Min EPS beat(2)-16.11%
Max EPS beat(2)8.95%
EPS beat(4)2
Avg EPS beat(4)-1.96%
Min EPS beat(4)-16.11%
Max EPS beat(4)8.95%
EPS beat(8)6
Avg EPS beat(8)6.13%
EPS beat(12)9
Avg EPS beat(12)9.49%
EPS beat(16)12
Avg EPS beat(16)19.04%
Revenue beat(2)1
Avg Revenue beat(2)0.71%
Min Revenue beat(2)-2.37%
Max Revenue beat(2)3.8%
Revenue beat(4)1
Avg Revenue beat(4)-2.98%
Min Revenue beat(4)-8.36%
Max Revenue beat(4)3.8%
Revenue beat(8)4
Avg Revenue beat(8)5.03%
Revenue beat(12)7
Avg Revenue beat(12)4.65%
Revenue beat(16)9
Avg Revenue beat(16)3.59%
PT rev (1m)1.85%
PT rev (3m)2.09%
EPS NQ rev (1m)-1%
EPS NQ rev (3m)-2.53%
EPS NY rev (1m)0.18%
EPS NY rev (3m)-0.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.2%
Revenue NY rev (1m)1.05%
Revenue NY rev (3m)-0.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.69 | ||
| Fwd PE | 8.19 | ||
| P/S | 0.62 | ||
| P/FCF | 2.88 | ||
| P/OCF | 2.88 | ||
| P/B | 1.07 | ||
| P/tB | 1.07 | ||
| EV/EBITDA | N/A |
EPS(TTM)24.5
EY11.51%
EPS(NY)25.99
Fwd EY12.21%
FCF(TTM)73.92
FCFY34.73%
OCF(TTM)73.92
OCFY34.73%
SpS340.86
BVpS198.26
TBVpS198.26
PEG (NY)1.43
PEG (5Y)0.32
Graham Number330.59
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.57% | ||
| ROE | 6.68% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | 7.39% | ||
| PM (TTM) | 3.89% | ||
| GM | N/A | ||
| FCFM | 21.69% |
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 3Y12.85%
OM growth 5Y9.09%
PM growth 3Y16.19%
PM growth 5Y11.93%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 1.18 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 6.49 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 558.13% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC7.35%
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)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.31%
EPS 3Y19.27%
EPS 5Y26.81%
EPS Q2Q%55.31%
EPS Next Y6.08%
EPS Next 2Y7.69%
EPS Next 3Y9.9%
EPS Next 5Y9.83%
Revenue 1Y (TTM)7.16%
Revenue growth 3Y13.38%
Revenue growth 5Y10.15%
Sales Q2Q%27.52%
Revenue Next Year10.56%
Revenue Next 2Y8.16%
Revenue Next 3Y8.01%
Revenue Next 5Y9.18%
EBIT growth 1Y32.98%
EBIT growth 3Y27.95%
EBIT growth 5Y20.16%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-46.33%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-46.21%
OCF growth 3YN/A
OCF growth 5YN/A
REINSURANCE GROUP OF AMERICA / RGA FAQ
Can you provide the ChartMill fundamental rating for REINSURANCE GROUP OF AMERICA?
ChartMill assigns a fundamental rating of 5 / 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 8.69 and the Price/Book (PB) ratio is 1.07.
Is the dividend of REINSURANCE GROUP OF AMERICA sustainable?
The dividend rating of REINSURANCE GROUP OF AMERICA (RGA) is 7 / 10 and the dividend payout ratio is 27.34%.