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Reinsurance Group of America Inc (RGA)

Fair Value
Financial ServicesInsurance - ReinsuranceUnited States

Fundamental

86

Price

$246.24

Market Cap

$16.52B

Part 1 · What the company is worth

Overview

Reinsurance Group of America, Incorporated provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia. It offers individual and group life and health, disability, long-term care, and critical illness reinsurance; and financial solutions, such as asset-intensive reinsurance, longevity reinsurance, stable value products, pension risk transfer transactions, and capital solutions. The company also provides reinsurance for mortality, morbidity, lapse, and investment-related risks; coinsurance of payout annuities; underwritten annuities; funding agreement backed note program and other capital motivated solutions; and superannuation. Reinsurance Group of America, Incorporated was founded in 1973 and is headquartered in Chesterfield, Missouri.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$25.97B

Trailing 12 months (through 6/30/2026)

Net Income

$1.51B

Trailing 12 months (through 6/30/2026)

Free Cash Flow

-

Total Equity

$13.46B

Total Liabilities

$143.04B

Current Ratio

-

Interest Coverage

-

Debt/EBITDA

2.47

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

InsuranceFairly Valued

Fair Value

$287.88

Current Price

$246.24

Margin of Safety

+14.5%

Fair Value Range

$194.66 - $381.10

Spread across the valuation methods used, not a statistically calibrated confidence interval.

Estimation Methods

Analyst price target:$272.33
Discounted cash flow (DCF):Not applicable to this type of company
Earnings multiple (P/E):$189.15
Graham growth formula:Not applicable to this type of company
Earnings power value (EPV):Not applicable to this type of company
Justified P/B:$375.27
Dividend discount (Gordon):$95.02
P/FFO, funds from operations:Not applicable to this type of company
Mid-cycle earnings:Not applicable to this type of company
Revenue multiple:Not applicable to this type of company
Analyst Consensus:Buy (9B / 5H / 1S)
Last Earnings Surprise:+35.06%

Valuation Metrics

P/E Ratio

10.81

ROE

8.8%

P/B Ratio

1.17

P/FCF

-

Gross Margin

-

ROIC

-

Profitability Radar

Value Creation (Economic Moat)

ROIC

-

WACC

7.2%

ROIC − WACC

-

Fundamental Analysis Criteria

Passed (17)

  • EPS shows upward trend
  • EPS CAGR 11.27%
  • Price CAGR 7.05%
  • P/B Ratio 1.17
  • Debt/EBITDA
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Undervalued)
  • ROE 11.3%
  • Revenue Growth 5Y 10.2%
  • Analyst Consensus 60% Buy
  • Earnings Surprise avg 22.9%
  • PEG Ratio 0.48
  • Earnings Quality (OCF/NI) 1.98
  • Share Dilution -0.0%
  • Net Margin Trend 5.8% vs 3.5%
  • Piotroski F-Score 5/9

Failed (2)

  • Debt/Equity ratio
  • Return on Tangible Assets

Unavailable (9)

  • ROIC NaN%
  • Gross Margin NaN%
  • P/FCF NaN
  • Dividend Payout NaN%
  • Operating Margin NaN%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Interest Coverage

Piotroski F-Score

5/9

Mixed signals: some areas need attention

score
criteria

Earnings Quality

1.98

High quality: earnings backed by cash

Share Dilution

0.0%

Buying back shares. Shareholder friendly

Institutional Holdings

Governance

Executive Team

NameTitleAge
Mr. Tony Cheng F.S.A.President, CEO & Director51
Ms. My Chi Christine ToEVP, Chief Legal Officer & Corporate Secretary52
Ms. Laura Kathleen CockrillExecutive VP & CFO48
Mr. Jayson Reagan Bronchetti C.A.I.A., C.F.A.Executive VP & Chief Investment Officer46
Ms. Zhang LuSenior Vice President of Investor Relations-
Lynn PhillipsSenior VP of Enterprise Marketing & Communications-
Mr. Peter ManleyExecutive Vice President of Corporate Development-
Mr. Raymond KleemanExecutive VP & Chief Human Resources Officer52
Mr. Jonathan William Porter FCIA, FSAExecutive VP & Global Chief Risk Officer54
Catie MuccigrossoVP, Chief Underwriter - U.S. Mortality Markets-

Audit Risk

1

Board Risk

1

Compensation Risk

3

Shareholder Rights Risk

3

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Documents

  • Annual Report (10-K)

    A yearly overview of the business, its financial results, and the risks it faces.

    Filed on 2026-02-20

    View document
  • Quarterly Report (10-Q)

    A snapshot of financial performance for the most recent three-month period.

    Filed on 2026-08-07

    View document
  • Current Report (8-K)

    An announcement of a major event, such as a leadership change or big news.

    Filed on 2026-08-06

    View document

via SEC EDGAR

Income History

via SEC EDGAR

Latest News

Recent headlines for RGA, sourced from Markets Gazette.

No recent news for RGA.