Reinsurance Group of America (RGA) Stock Overview
Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
RGA Community Fair Values
Create NarrativeSee what 32 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Reinsurance Group of America, Incorporated Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$221.00 |
| 52 Week High | US$229.21 |
| 52 Week Low | US$165.52 |
| Beta | 0.47 |
| 1 Month Change | 7.83% |
| 3 Month Change | 6.07% |
| 1 Year Change | 13.68% |
| 3 Year Change | 55.23% |
| 5 Year Change | 89.98% |
| Change since IPO | 1,571.43% |
Recent News & Updates
Narrative Update • Jun 24
RGA: Share Repurchases And Margin Outlook Will Support Future Earnings Power
Analysts have nudged their average price target on Reinsurance Group of America higher by about $4 to $252, citing a blend of updated return assumptions, slightly lower modeled revenue growth, modestly higher profit margins, and a revised future P/E outlook, as reflected in recent target moves from Evercore ISI, Piper Sandler, Barclays, and UBS. Analyst Commentary Recent Street research around Reinsurance Group of America points to a mix of optimism on execution and valuation, along with a few watchpoints around growth assumptions and earnings durability.
Narrative Update • Jun 10
RGA: Equitable Reinsurance Deal And Buybacks Will Shape Future Cash Flow Expectations
Analysts have adjusted the consolidated price target for Reinsurance Group of America to $267, a $3 move that reflects updated views on revenue growth, profit margin assumptions, and valuation multiples across recent research reports. Analyst Commentary Recent research updates on Reinsurance Group of America show a mix of optimism and caution around the stock, with price targets moving in both directions as analysts reassess their assumptions.Recent updates
Narrative Update • Jun 24
RGA: Share Repurchases And Margin Outlook Will Support Future Earnings Power
Analysts have nudged their average price target on Reinsurance Group of America higher by about $4 to $252, citing a blend of updated return assumptions, slightly lower modeled revenue growth, modestly higher profit margins, and a revised future P/E outlook, as reflected in recent target moves from Evercore ISI, Piper Sandler, Barclays, and UBS. Analyst Commentary Recent Street research around Reinsurance Group of America points to a mix of optimism on execution and valuation, along with a few watchpoints around growth assumptions and earnings durability.Narrative Update • Jun 10
RGA: Equitable Reinsurance Deal And Buybacks Will Shape Future Cash Flow Expectations
Analysts have adjusted the consolidated price target for Reinsurance Group of America to $267, a $3 move that reflects updated views on revenue growth, profit margin assumptions, and valuation multiples across recent research reports. Analyst Commentary Recent research updates on Reinsurance Group of America show a mix of optimism and caution around the stock, with price targets moving in both directions as analysts reassess their assumptions.Narrative Update • May 26
RGA: Extended EPS Horizon And Buybacks Will Shape Future Cash Flow Expectations
Analysts have adjusted their price targets for Reinsurance Group of America, with recent revisions ranging from around $215 to $267. These changes reflect updated views on the company's earnings outlook, valuation methodologies, and sector-wide factors.Seeking Alpha • May 15
Reinsurance Group of America: Financial Instruments After RZB Redemption
Summary Reinsurance Group of America posted record Q1 2026 profitability, with adjusted operating EPS of $6.97 and a 16.2% trailing 12-month adjusted ROE. RGA's $142 billion investment portfolio is over 94% investment grade, with 71.3% in fixed maturity securities and 8% in mortgage loans. The company redeemed its RZB baby bond and is highly likely to call RZC in October 2027, given the costly reset coupon of ~7.55%. RZC's yield to call of 6.55% offers a 1.3% spread over senior OTC bonds, with an expected 1.6% capital appreciation. Read the full article on Seeking AlphaNarrative Update • May 03
RGA: Extended EPS Horizon And Buybacks Will Shape Future Risk Reward Balance
Analysts have lifted the fair value estimate for Reinsurance Group of America to $212 from $195, citing refreshed models that incorporate updated Q4 results, extended EPS forecasts, and sector wide valuation adjustments reflected in recent price target raises from several firms. Analyst Commentary Recent Street research on Reinsurance Group of America shows a cluster of higher price targets following Q4 updates and refreshed models, but the tone is not uniformly positive.Narrative Update • Apr 18
RGA: Share Repurchases And Longer Term EPS Framework Will Support Earnings Power
Analysts have nudged the fair value estimate for Reinsurance Group of America slightly lower to $248.44 from $249.56, while recent price target increases from several firms reflect updated models after Q4 results and refreshed long term EPS assumptions. Analyst Commentary Recent Street research on Reinsurance Group of America centers on refreshed models after Q4 results, updated EPS frameworks and adjusted valuation horizons, which together feed into a cluster of revised price targets.Narrative Update • Apr 04
RGA: Share Repurchases And Extended EPS Horizon Will Support Earnings Power
Analyst price targets for Reinsurance Group of America have moved higher into an approximate $215 to $261 range, as analysts refresh their models after recent Q4 results, updated EPS frameworks through 2028, and sector wide adjustments to life and annuity coverage. Analyst Commentary Recent Street research on Reinsurance Group of America reflects a mix of optimism around earnings power and valuation, along with caution on sector wide pressures and long term assumptions.Narrative Update • Mar 20
RGA: Share Repurchases And Capital Strength Will Support Earnings Power
Analysts have lifted the blended fair value estimate for Reinsurance Group of America to about $249.56 from $236.89, reflecting a series of higher price targets across the Street tied to refreshed models, updated EPS frameworks and broader sector adjustments. Analyst Commentary Recent research updates on Reinsurance Group of America show a mix of optimism on execution and earnings power, alongside some caution on sector valuation and long term assumptions.
Narrative Update • Mar 05
RGA: Capital Strength And Buybacks Will Support Long Term EPS Visibility
Narrative Update Analysts have raised their blended price target for Reinsurance Group of America by reflecting updated sector views, rolling their valuation work to later year EPS estimates, and fine tuning assumptions on revenue growth, profit margins, and forward P/E levels. This has resulted in a new target of $295.00 from $295.00.Narrative Update • Feb 04
RGA: Capital Strength And Cash Flow Will Support 2026 Upside Potential
Narrative Update Analysts have inched their price targets on Reinsurance Group of America slightly higher, with moves such as Wells Fargo's adjustment to $238 and a modest $1 increase at TD Cowen, reflecting updated views on organic growth, margins, capital strength, and the sector outlook into 2026. Analyst Commentary Recent Street research around Reinsurance Group of America has centered on price target fine tuning rather than sweeping changes.Narrative Update • Jan 21
RGA: Capital Strength And Cash Flow Will Support Future Upside Potential
Analysts now view Reinsurance Group of America as fairly valued around $281, with recent target adjustments between $237 and $238 reflecting a focus on capital strength, cash flow, and life insurance fundamentals rather than a major change in outlook. Analyst Commentary Recent Street research around Reinsurance Group of America has stayed constructive, with price targets consolidating in a tight band and ratings holding at supportive levels.Narrative Update • Jan 06
RGA: Expense Cuts And Asset Repositioning Will Support Future Earnings Upside
Analysts have trimmed their price expectations for Reinsurance Group of America, reflecting concerns about rising risk factors, the effort to drive excess earnings on the Equitable life block, and the potential for higher asset risk if the company moves too aggressively to reposition its portfolio. Analyst Commentary Recent research has tilted cautious on Reinsurance Group of America, with concerns centered on execution risk around the Equitable life block and the possibility of higher asset risk if the company moves quickly on portfolio repositioning.Narrative Update • Dec 13
RGA: Normalizing Investment Income And Strong Claims Experience Will Drive Earnings Upside
Analysts have modestly lifted their fair value estimate for Reinsurance Group of America to about $281 from roughly $275 per share, citing slightly faster expected revenue growth, improved profit margins, and a lower future P E multiple, even as they balance these positives against rising risk factors and valuation concerns. Analyst Commentary Recent Street research presents a mixed picture, with some newly highlighted risks offset by a continued constructive stance from bullish analysts who see scope for earnings outperformance and multiple support.Seeking Alpha • Mar 15
Reinsurance Group of America: Attractive Despite Doubts About Capital Allocation
Summary RGA shares have dropped 15% due to mixed quarterly results and concerns about the profitability of its aggressive growth strategy. The company has shifted focus to pension risk transfer deals, halting buybacks but maintaining dividends, betting on better returns from business investments. Despite short-term profitability drags, RGA targets a 13-15% ROE, supported by strong APAC results and a significant deal with Equitable. Shares appear undervalued, presenting a buying opportunity, but RGA must prove its growth strategy can deliver accretive results amid cautious market sentiment. Read the full article on Seeking AlphaSeeking Alpha • Feb 20
Reinsurance Group: Baby Bonds Offer A Solid Return In Either Outcome
Summary Reinsurance Group of America Inc. has rebounded strongly post-pandemic, tripling its earnings. Despite a low P/E ratio of 8.5X, RGA is not as cheap as it appears. RGA's baby bonds though, met our buy criteria and we bought some. Read the full article on Seeking AlphaSeeking Alpha • Jan 04
Reinsurance Group Of America: A Solid Buy With Growth Momentum
Summary Reinsurance Group of America (RGA) is a global leader in life and health reinsurance that provides reinsurance solutions to life and health insurance companies. RGA's Q3’24 results beat expectations driven by strong ROE of 15.55, and significant premium growth, especially in Traditional business. Key highlights from the quarter included a $1.5 billion retrocession recapture, exclusive transactions in Asia, and a significant U.S. deal with American National, enhancing growth prospects. Despite potential risks from interest rates and investment portfolio volatility, RGA's diversified strategies and strong market position support continued growth and value creation. At sub-10x forward earnings, the stock is a compelling buy as it continues to compound book value at a 10% CAGR. Read the full article on Seeking AlphaSeeking Alpha • Nov 20
Reinsurance Group of America: Best In Industry But High Valuation
Summary Reinsurance Group of America has thrived on strong underwriting performance, pension-risk transfer, and longevity markets, with a 43% YTD stock increase and a 17% average annual return over the past decade. Its niche focus on life and health reinsurance, coupled with a conservative investment strategy, supports long-term stability but suggests limited near-term upside. Despite the impressive performance, RGA warrants a Hold rating due to elevated valuation metrics, risk profile, and a conservative price target range of $200–$220. Read the full article on Seeking AlphaSeeking Alpha • Sep 17
Reinsurance Group of America's Rally Can Continue
Summary Reinsurance Group of America has surged over 50% in the past year, driven by strong underwriting results and higher interest income. Despite recent volatility, RGA's strategic capital deployment into pension risk transfer deals and a $3.5 billion coinsurance deal with American National bolsters growth. RGA's robust balance sheet, high-quality investment portfolio, and strong premium growth justify a "buy" rating with my fair value target of $250. Ongoing investment income gains and potential long-term benefits from GLP-1 drugs extending life expectancy provide additional upside for RGA shares, though they will take longer to materialize. Read the full article on Seeking Alpha
New Narrative • Aug 22
Innovative Strategies And Market Expansion To Propel Growth Despite Economic Challenges
Strategic expansion and technological innovation across various geographies and business lines are set to foster revenue growth and operational efficiency.Seeking Alpha • Aug 10
Recent Dip A Buying Opportunity For Shares Of Reinsurance Group Of America
Summary RGA shares dipped 14.12% on August 2 and 5, presenting a buying opportunity. The company specializes in life and health reinsurance, showing steady growth and financial strength. Strong Buy rating with one-year price target of $239.09, supported by earnings growth and dividend increases. Read the full article on Seeking AlphaSeeking Alpha • May 29
Reinsurance Group Of America: Favorable Tailwinds Can Support A Higher Valuation
Summary Reinsurance Group of America has generated strong performance, rising over 40% in the past year. RGA's unique business mix focused on life and health has differentiated it from other reinsurance companies who have more catastrophe risk. The company's recent earnings report showed strong growth in adjusted EPS and net premiums, driven by a large pension-risk transfer deal. While shares are 10x earnings, declining mortality costs could enable it to outperform its ROE target, giving shares more upside. Read the full article on Seeking AlphaSeeking Alpha • Mar 21
Reinsurance Group of America: May Have An Upside, But It's Probably Slim
Summary Reinsurance Group of America has generated over 100% return on investment since the start of the COVID-19 pandemic. RGA is an above-average insurance company with a solid market position and reputation. The company's forecast shows a favorable long-term outlook with potential for 15% annualized market outperformance. Read the full article on Seeking AlphaSeeking Alpha • Jan 04
Reinsurance Group of America: Attractively Valued With Potential Life Expectancy Upside
Summary Reinsurance Group of America shares have risen 13.5% in 2023, but below the market's return. RGA is a noncyclical company that primarily reinsures against life and healthcare risk, making its results more stable. The company has seen stronger results in most units, with improving mortality and strong investment income driving revenue growth. Read the full article on Seeking AlphaShareholder Returns
| RGA | US Insurance | US Market | |
|---|---|---|---|
| 7D | 2.9% | 4.9% | 1.6% |
| 1Y | 13.7% | 3.8% | 18.6% |
Return vs Industry: RGA exceeded the US Insurance industry which returned 3.8% over the past year.
Return vs Market: RGA underperformed the US Market which returned 18.6% over the past year.
Price Volatility
| RGA volatility | |
|---|---|
| RGA Average Weekly Movement | 3.0% |
| Insurance Industry Average Movement | 4.3% |
| Market Average Movement | 7.3% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: RGA has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: RGA's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1973 | 4,300 | Tony Cheng | www.rgare.com |
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 Fundamentals Summary
| RGA fundamental statistics | |
|---|---|
| Market cap | US$14.48b |
| Earnings (TTM) | US$1.23b |
| Revenue (TTM) | US$24.93b |
11.8x
P/E Ratio0.6x
P/S RatioIs RGA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RGA income statement (TTM) | |
|---|---|
| Revenue | US$24.93b |
| Cost of Revenue | US$21.58b |
| Gross Profit | US$3.36b |
| Other Expenses | US$2.13b |
| Earnings | US$1.23b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 18.71 |
| Gross Margin | 13.46% |
| Net Profit Margin | 4.92% |
| Debt/Equity Ratio | 45.6% |
How did RGA perform over the long term?
See historical performance and comparisonDividends
1.7%
Current Dividend Yield20%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/06 05:47 |
| End of Day Share Price | 2026/07/02 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Reinsurance Group of America, Incorporated is covered by 23 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jay Gelb | Barclays |
| Taylor Scott | Barclays |
| Eric Berg | Barclays |