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REINSURANCE GROUP OF AMERICA (RGA) Stock Fundamental Analysis

USA - NYSE:RGA - US7593516047 - Common Stock

189.42 USD
-0.33 (-0.17%)
Last: 10/24/2025, 8:04:00 PM
189.42 USD
0 (0%)
After Hours: 10/24/2025, 8:04:00 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to RGA. RGA was compared to 147 industry peers in the Insurance industry. RGA has a bad profitability rating. Also its financial health evaluation is rather negative. RGA has a decent growth rate and is not valued too expensively. RGA also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

In the past year RGA was profitable.
In the past year RGA had a positive cash flow from operations.
RGA had positive earnings in each of the past 5 years.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

1.2 Ratios

Looking at the Return On Assets, with a value of 0.58%, RGA is doing worse than 68.03% of the companies in the same industry.
RGA's Return On Equity of 6.39% is on the low side compared to the rest of the industry. RGA is outperformed by 67.35% of its industry peers.
Industry RankSector Rank
ROA 0.58%
ROE 6.39%
ROIC N/A
ROA(3y)0.71%
ROA(5y)0.78%
ROE(3y)7.95%
ROE(5y)7.15%
ROIC(3y)N/A
ROIC(5y)N/A
RGA Yearly ROA, ROE, ROICRGA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

RGA has a Profit Margin of 3.54%. This is in the lower half of the industry: RGA underperforms 70.75% of its industry peers.
In the last couple of years the Profit Margin of RGA has declined.
RGA has a worse Operating Margin (6.90%) than 68.71% of its industry peers.
RGA's Operating Margin has declined in the last couple of years.
Industry RankSector Rank
OM 6.9%
PM (TTM) 3.54%
GM N/A
OM growth 3Y-10.39%
OM growth 5Y-9.28%
PM growth 3Y-23.03%
PM growth 5Y-11.78%
GM growth 3YN/A
GM growth 5YN/A
RGA Yearly Profit, Operating, Gross MarginsRGA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10

3

2. Health

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 more shares outstanding
RGA has more shares outstanding than it did 5 years ago.
The debt/assets ratio for RGA has been reduced compared to a year ago.
RGA Yearly Shares OutstandingRGA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
RGA Yearly Total Debt VS Total AssetsRGA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B 100B

2.2 Solvency

The Debt to FCF ratio of RGA is 1.17, which is an excellent value as it means it would take RGA, only 1.17 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 1.17, RGA is doing good in the industry, outperforming 61.22% of the companies in the same industry.
A Debt/Equity ratio of 0.48 indicates that RGA is not too dependend on debt financing.
RGA's Debt to Equity ratio of 0.48 is on the low side compared to the rest of the industry. RGA is outperformed by 65.31% 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 RankSector Rank
Debt/Equity 0.48
Debt/FCF 1.17
Altman-Z N/A
ROIC/WACCN/A
WACC7.22%
RGA Yearly LT Debt VS Equity VS FCFRGA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

2.3 Liquidity

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

4

3. Growth

3.1 Past

RGA shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.38%.
The Earnings Per Share has been growing by 11.09% on average over the past years. This is quite good.
The Revenue has been growing slightly by 1.87% in the past year.
Measured over the past years, RGA shows a quite strong growth in Revenue. The Revenue has been growing by 9.06% on average per year.
EPS 1Y (TTM)-1.38%
EPS 3Y174.8%
EPS 5Y11.09%
EPS Q2Q%-13.87%
Revenue 1Y (TTM)1.87%
Revenue growth 3Y10.36%
Revenue growth 5Y9.06%
Sales Q2Q%14.78%

3.2 Future

RGA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.67% yearly.
RGA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.55% yearly.
EPS Next Y-1.67%
EPS Next 2Y6.58%
EPS Next 3Y7%
EPS Next 5Y7.67%
Revenue Next Year1.28%
Revenue Next 2Y5.55%
Revenue Next 3Y6.6%
Revenue Next 5Y7.55%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 10B 20B 30B
RGA Yearly EPS VS EstimatesRGA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 10 20 30

6

4. Valuation

4.1 Price/Earnings Ratio

RGA is valuated reasonably with a Price/Earnings ratio of 8.81.
RGA's Price/Earnings ratio is a bit cheaper when compared to the industry. RGA is cheaper than 68.03% of the companies in the same industry.
RGA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.91.
With a Price/Forward Earnings ratio of 7.37, the valuation of RGA can be described as very cheap.
74.15% of the companies in the same industry are more expensive than RGA, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.92, RGA is valued rather cheaply.
Industry RankSector Rank
PE 8.81
Fwd PE 7.37
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 is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of RGA indicates a rather cheap valuation: RGA is cheaper than 88.44% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 2.55
EV/EBITDA 8.31
RGA Per share dataRGA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.79
EPS Next 2Y6.58%
EPS Next 3Y7%

7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.96%, RGA has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.30, RGA has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, RGA has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.96%

5.2 History

The dividend of RGA is nicely growing with an annual growth rate of 6.13%!
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
RGA Yearly Dividends per shareRGA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

30.52% 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.
DP30.52%
EPS Next 2Y6.58%
EPS Next 3Y7%
RGA Yearly Income VS Free CF VS DividendRGA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B
RGA Dividend Payout.RGA Dividend Payout, showing the Payout Ratio.RGA Dividend Payout.PayoutRetained Earnings

REINSURANCE GROUP OF AMERICA

NYSE:RGA (10/24/2025, 8:04:00 PM)

After market: 189.42 0 (0%)

189.42

-0.33 (-0.17%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)07-31 2025-07-31/amc
Earnings (Next)10-30 2025-10-30/amc
Inst Owners99.9%
Inst Owner Change-0.12%
Ins Owners0.21%
Ins Owner Change0.2%
Market Cap12.52B
Revenue(TTM)21.76B
Net Income(TTM)770.00M
Analysts75.71
Price Target238.17 (25.74%)
Short Float %1.34%
Short Ratio2.11
Dividend
Industry RankSector Rank
Dividend Yield 1.96%
Yearly Dividend3.48
Dividend Growth(5Y)6.13%
DP30.52%
Div Incr Years15
Div Non Decr Years15
Ex-Date08-12 2025-08-12 (0.93)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.34%
Min EPS beat(2)-16.11%
Max EPS beat(2)5.42%
EPS beat(4)2
Avg EPS beat(4)-0.61%
Min EPS beat(4)-16.11%
Max EPS beat(4)14.34%
EPS beat(8)6
Avg EPS beat(8)8.64%
EPS beat(12)9
Avg EPS beat(12)14.73%
EPS beat(16)11
Avg EPS beat(16)9.65%
Revenue beat(2)0
Avg Revenue beat(2)-5.37%
Min Revenue beat(2)-8.36%
Max Revenue beat(2)-2.37%
Revenue beat(4)1
Avg Revenue beat(4)-1.64%
Min Revenue beat(4)-8.36%
Max Revenue beat(4)9.16%
Revenue beat(8)4
Avg Revenue beat(8)6.73%
Revenue beat(12)7
Avg Revenue beat(12)4.39%
Revenue beat(16)9
Avg Revenue beat(16)3.66%
PT rev (1m)0%
PT rev (3m)-3.36%
EPS NQ rev (1m)-0.22%
EPS NQ rev (3m)-1.63%
EPS NY rev (1m)-0.42%
EPS NY rev (3m)-4.47%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-3.66%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)-1.35%
Valuation
Industry RankSector Rank
PE 8.81
Fwd PE 7.37
P/S 0.58
P/FCF 2.55
P/OCF 2.55
P/B 1.04
P/tB 1.04
EV/EBITDA 8.31
EPS(TTM)21.5
EY11.35%
EPS(NY)25.7
Fwd EY13.57%
FCF(TTM)74.38
FCFY39.27%
OCF(TTM)74.38
OCFY39.27%
SpS329.25
BVpS182.37
TBVpS182.37
PEG (NY)N/A
PEG (5Y)0.79
Graham Number297.02
Profitability
Industry RankSector Rank
ROA 0.58%
ROE 6.39%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM 6.9%
PM (TTM) 3.54%
GM N/A
FCFM 22.59%
ROA(3y)0.71%
ROA(5y)0.78%
ROE(3y)7.95%
ROE(5y)7.15%
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 3Y-10.39%
OM growth 5Y-9.28%
PM growth 3Y-23.03%
PM growth 5Y-11.78%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 1.17
Debt/EBITDA 3.71
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 6.67
Cash Conversion 317.78%
Profit Quality 638.44%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC7.22%
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)670.03%
Profit Quality(5y)631.93%
High Growth Momentum
Growth
EPS 1Y (TTM)-1.38%
EPS 3Y174.8%
EPS 5Y11.09%
EPS Q2Q%-13.87%
EPS Next Y-1.67%
EPS Next 2Y6.58%
EPS Next 3Y7%
EPS Next 5Y7.67%
Revenue 1Y (TTM)1.87%
Revenue growth 3Y10.36%
Revenue growth 5Y9.06%
Sales Q2Q%14.78%
Revenue Next Year1.28%
Revenue Next 2Y5.55%
Revenue Next 3Y6.6%
Revenue Next 5Y7.55%
EBIT growth 1Y8.69%
EBIT growth 3Y-1.11%
EBIT growth 5Y-1.06%
EBIT Next Year-6.91%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y69.87%
FCF growth 3Y31.05%
FCF growth 5Y32.75%
OCF growth 1Y68.41%
OCF growth 3Y30.85%
OCF growth 5Y32.35%

REINSURANCE GROUP OF AMERICA / RGA FAQ

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

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


What is the valuation status for RGA stock?

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 2 / 10.


Can you provide the financial health for RGA stock?

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


How sustainable is the dividend of REINSURANCE GROUP OF AMERICA (RGA) stock?

The dividend rating of REINSURANCE GROUP OF AMERICA (RGA) is 7 / 10 and the dividend payout ratio is 30.52%.