Reinsurance Group of America, Incorporated logo

Reinsurance Group of America, Incorporated

RZC

NYSEFinancial ServicesInsurance - Reinsurance

Previous close

$25.65

−$0.01 · -0.04%

Aug 21, 4:00 PM ET

RZC company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

92

Deep Value

Momentum

37

Weakening

Sentiment

48

Mixed

Risk resilience

91

Low Risk

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Company profile

Company website

Reinsurance Group of America, Inc. functions as a holding company, concentrating on both conventional and cutting-edge life and health reinsurance offerings. Its operations are structured across five primary segments: the U.S. and Latin America, Canada, Europe, the Middle East and Africa (EMEA), Asia Pacific, and a distinct Corporate and Other division. The U.S. and Latin America segment is responsible for marketing individual and group life and health reinsurance to clients within its region, employing various agreement types such as yearly renewable term, coinsurance, and modified coinsurance. In Canada, the company's focus is on individual life reinsurance, supplemented by a lesser extent of creditor, group life and health, critical illness, and disability reinsurance, generally through yearly renewable term and coinsurance contracts. The EMEA segment provides individual and group life and health products, including critical illness coverage—which offers a benefit upon the diagnosis of a specified illness—and underwritten annuities, typically facilitated via yearly renewable term and coinsurance agreements. The Asia Pacific segment covers individual and group life and health reinsurance, critical illness coverage, disability, and superannuation, predominantly structured with yearly renewable term and coinsurance agreements. Finally, the Corporate and Other segment encompasses investment income from unallocated assets, investment-related gains and losses, and service fee revenues. Founded in 1973, the company's corporate headquarters are situated in Chesterfield, Missouri.

Industry
Insurance - Reinsurance
Sector
Financial Services
Headquarters
US
CEO
Tony Cheng
Listed since
Oct 12, 2022
Employees
3,900

Market position

Day range

Current $25.65

52-week range

Current $25.65

Open
$25.61
Previous close
$25.66
Volume
47.19K
1.22× average
Average volume
38.63K
Average daily volume
Market cap
15.6B USD
Beta
0.18
Market reference 1
50-day average
$25.5207
+0.51% above average
200-day average
$25.5075
+0.56% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
14.99B USD
P/E (TTM)
10.56×
P/B (TTM)
1.17×
P/S (TTM)
0.62×
EV / EBITDA
7.69×
Earnings yield
8.79%
Free cash flow yield
30.42%
Dividend yield
1.55%

Profitability & efficiency

Gross margin
25.18%
Operating margin
7.31%
Net margin
5.87%
Return on equity
8.78%
Return on assets
0.75%
Return on invested capital
0.76%

Financial health

Debt / equity
0.42×
Current ratio
Altman Z-score
0.97
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends28%19%10%1%Gross margin, FY2021: 11.54%Gross margin, FY2022: 9.89%Gross margin, FY2023: 12.67%Gross margin, FY2024: 11.29%Gross margin, FY2025: 25.40%Operating margin, FY2021: 8.62%Operating margin, FY2022: 4.52%Operating margin, FY2023: 6.31%Operating margin, FY2024: 4.45%Operating margin, FY2025: 6.76%Net margin, FY2021: 7.28%Net margin, FY2022: 3.26%Net margin, FY2023: 4.90%Net margin, FY2024: 3.25%Net margin, FY2025: 5.19%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 11.54%. Gross margin FY2022 9.89%. Gross margin FY2023 12.67%. Gross margin FY2024 11.29%. Gross margin FY2025 25.40%. Operating margin FY2021 8.62%. Operating margin FY2022 4.52%. Operating margin FY2023 6.31%. Operating margin FY2024 4.45%. Operating margin FY2025 6.76%. Net margin FY2021 7.28%. Net margin FY2022 3.26%. Net margin FY2023 4.90%. Net margin FY2024 3.25%. Net margin FY2025 5.19%.

Income trends

Revenue

22.79B USD+3.39%

Operating income

1.54B USD+57.14%

Net income

1.18B USD+64.85%
Income trends across reported periods25.02B USD16.11B USD7.2B USD−1.71B USDRevenue, FY2021: 16.06B USDRevenue, FY2022: 15.88B USDRevenue, FY2023: 18.39B USDRevenue, FY2024: 22.04B USDRevenue, FY2025: 22.79B USDOperating income, FY2021: 1.39B USDOperating income, FY2022: 718M USDOperating income, FY2023: 1.16B USDOperating income, FY2024: 980M USDOperating income, FY2025: 1.54B USDNet income, FY2021: 1.17B USDNet income, FY2022: 517M USDNet income, FY2023: 902M USDNet income, FY2024: 717M USDNet income, FY2025: 1.18B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 16.06B USD. Revenue FY2022 15.88B USD. Revenue FY2023 18.39B USD. Revenue FY2024 22.04B USD. Revenue FY2025 22.79B USD. Operating income FY2021 1.39B USD. Operating income FY2022 718M USD. Operating income FY2023 1.16B USD. Operating income FY2024 980M USD. Operating income FY2025 1.54B USD. Net income FY2021 1.17B USD. Net income FY2022 517M USD. Net income FY2023 902M USD. Net income FY2024 717M USD. Net income FY2025 1.18B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue22.79B USD22.04B USD18.39B USD15.88B USD16.06B USD
Cost of goods sold17B USD19.56B USD16.06B USD14.31B USD14.21B USD
Gross profit5.79B USD2.49B USD2.33B USD1.57B USD1.85B USD
Operating expenses4.25B USD1.51B USD1.17B USD853M USD469M USD
Interest income320M USD341M USD317M USD253M USD351M USD
Interest expense366M USD304M USD257M USD191M USD139M USD
Depreciation and amortization43M USD46M USD41M USD38M USD43M USD
Operating income1.54B USD980M USD1.16B USD718M USD1.39B USD
Net income1.18B USD717M USD902M USD517M USD1.17B USD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
8.89

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates10.462.86-4.73-12.33Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q3 '26
Q3 2024, reported Aug 1, 2024: actual 3.03, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Oct 31, 2024: actual 2.36, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 6, 2025: actual 2.25, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 1, 2025: actual 4.27, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 2.7, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 30, 2025: actual 3.81, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 5, 2026: actual -10.76, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 8.89, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates6.9B6.14B5.38B4.61BQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q3 '26
Q3 2024, reported Aug 1, 2024: actual 4.88B USD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Oct 31, 2024: actual 5.65B USD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 6, 2025: actual 5.24B USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 1, 2025: actual 5.26B USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 5.6B USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 30, 2025: actual 6.2B USD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 5, 2026: actual 6.64B USD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 6.64B USD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.7812

2025 complete year-0.0% since 2023

2026 partial: $0.8906

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 1, 2026

$0.4453

Quarterly

Record Jul 1, 2026 · Payment Jul 15, 2026

Dividend

Ex-dividend Apr 1, 2026

$0.4453

Quarterly

Record Apr 1, 2026 · Payment Apr 15, 2026

Dividend

Ex-dividend Dec 31, 2025

$0.4453

Irregular

Record Dec 31, 2025 · Payment Jan 15, 2026

Dividend

Ex-dividend Oct 1, 2025

$0.4453

Quarterly

Record Oct 1, 2025 · Payment Oct 15, 2025

Dividend

Ex-dividend Jul 1, 2025

$0.4453

Quarterly

Record Jul 1, 2025 · Payment Jul 15, 2025

Dividend

Ex-dividend Apr 1, 2025

$0.4453

Quarterly

Record Apr 1, 2025 · Payment Apr 15, 2025

RZC peers

ETFs holding RZC

Funds reporting this stock among their holdings, ordered by reported position size.

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