← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
RGA, a global life and health reinsurer, grew revenue 7.2% to $23.70B and net income available to shareholders 64.9% to $1.18B, helped by a $12 billion block of life liabilities assumed from Equitable Holdings
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 7.2% to $23.70B; net premiums down, investment income upOK
- Profitability — Net income available to shareholders up 64.9% to $1.18B; net margin up 175 bpsOK
- Cash flow — Operating cash flow down 56.3% while net income roseWatch
- Capital allocation — Dividends $0.24B; $125 million of buybacks resumed in 2025Note
- Mortality risk — Annual assumption review cost $149 million pre-tax; adverse U.S. claimsWatch
Business
Reinsurance Group of America takes on life, health and longevity risk from other insurers, plus asset-intensive and pension risk transfer business it calls Financial Solutions. It reports $4.3 trillion of life reinsurance in force and believes it is the largest global life and health reinsurer by 2024 revenues. Earnings rest on how actual deaths, illness and lifespans compare with its pricing assumptions, and on investment spreads.
Where the revenue comes from
Fiscal 2025, as REINSURANCE GROUP OF AMERICA INC reports it. History and quarterly detail are in the app.
- U.S. and Latin America Traditional Segment Member$9.1B
- Asia Pacific Traditional$3.6B
- U.S. and Latin America Financial Solutions$3.2B
- EMEA Traditional$2.4B
- Canada Traditional$1.6B
Leadership changes
From REINSURANCE GROUP OF AMERICA INC's own filings, the day they're filed.
- Laura Cockill · Chief Strategy Officer · departureeff. 2026-07-17
- Axel Andr · Chief Financial Officer · departureeff. 2026-07-17
- Maurice Tulloch · Directors · appointmenteff. 2026-07-01
Latest filings
- 10-Q · Quarterly report2026-08-07
- 8-K · Company announcement2026-08-06
- 8-K · Company announcement2026-07-09
- 8-K · Company announcement2026-07-01
- 8-K · Company announcement2026-06-22
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about REINSURANCE GROUP OF AMERICA INC, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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