cash flow reconciliationreview2026-06-30
Operating, investing and financing flows differ from the reported change in cash by 968000000, beyond tolerance 19460000.00.
Revenue
$6.64B
Fiscal year ended 2026-06-30Net income
$462.00M
Fiscal year ended 2026-06-30Total assets
$167.12B
Fiscal year ended 2026-06-30REINSURANCE GROUP OF AMERICA INC (RGA) reported revenue of $6.64B and net income of $462.00M for the fiscal year ended 2026-06-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from REINSURANCE GROUP OF AMERICA INC’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Life Insurance.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.64B | $6.49B | $6.64B | $6.20B | $5.60B | $5.26B | $5.24B | $5.65B | $4.88B | $6.34B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net income | $462.00M | $330.00M | $463.00M | $253.00M | $180.00M | $286.00M | $148.00M | $156.00M | $203.00M | $210.00M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 66.00M | shares 66.00M | Unavailable | shares 67.00M | shares 67.00M | shares 67.00M | Unavailable | shares 67.00M | shares 67.00M | shares 67.00M |
| Pretax income | $605.00M | $441.00M | $510.00M | $320.00M | $341.00M | $369.00M | $225.00M | $214.00M | $269.00M | $272.00M |
| Income tax expense | $141.00M | $110.00M | $45.00M | $65.00M | $160.00M | $81.00M | $75.00M | $56.00M | $65.00M | $60.00M |
| Diluted EPS | $7.01 | $4.98 | $6.97 | $3.81 | $2.70 | $4.27 | $2.22 | $2.33 | $3.03 | $3.16 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $5.29B | $4.99B | $4.17B | $4.62B | $5.42B | $5.15B | $3.33B | $5.20B | $4.60B | $5.94B |
| Total assets | $167.12B | $164.06B | $156.59B | $152.00B | $133.48B | $128.21B | $118.68B | $120.26B | $109.89B | $106.00B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $153.33B | $150.68B | $143.04B | $138.94B | $121.34B | $116.72B | $107.77B | $109.04B | $100.06B | $96.44B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $13.78B | $13.38B | $13.55B | $13.07B | $12.14B | $11.49B | $10.91B | $11.22B | $9.82B | $9.56B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | $5.71B | $6.10B | $5.71B | $5.73B | $5.73B | $5.73B | $5.04B | $5.07B | $5.07B | $4.43B |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$484.00M | -$2.87B | $7.33B | -$990.00M | -$820.00M | -$1.43B | $17.14B | -$1.07B | -$967.00M | -$5.74B |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$1.95B | -$3.70B | -$3.27B | -$5.95B | -$1.18B | -$1.70B | -$4.16B | -$1.21B | -$3.46B | -$3.72B |
| Financing cash flow | $1.77B | $1.67B | $1.98B | $4.21B | $540.00M | $2.07B | $797.00M | $639.00M | $1.22B | $1.00B |
| Net change in cash | $295.00M | $825.00M | -$457.00M | -$791.00M | $265.00M | $1.82B | -$1.87B | $599.00M | -$1.34B | $2.96B |
| Stock-based compensation | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common dividends paid | $61.00M | $61.00M | $61.00M | $61.00M | $59.00M | $59.00M | $58.00M | $59.00M | $56.00M | $56.00M |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Derived
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | 18.5% | 23.5% | 26.6% | 9.8% | 14.8% | -17.0% | 4.7% | 9.7% | 17.4% | 49.1% |
| Net margin | 7.0% | 5.1% | 7.0% | Unavailable | 3.2% | 5.4% | 2.8% | Unavailable | Unavailable | Unavailable |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 0.41x | Unavailable | 0.42x | 0.44x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 23.3% | 24.9% | 8.8% | Unavailable | 46.9% | 22.0% | 33.3% | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open RGA in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-07View SEC filing
10-Q · Filed 2026-05-08View SEC filing
10-K · Filed 2026-02-20View SEC filing
10-Q · Filed 2025-10-31View SEC filing
10-Q · Filed 2025-08-01View SEC filing
10-Q · Filed 2025-05-02View SEC filing
Reconciliation checks needing review
16 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
cash flow reconciliationreview2026-03-31
Operating, investing and financing flows differ from the reported change in cash by 5746000000, beyond tolerance 36970000.00.
cash flow reconciliationreview2025-12-31
Operating, investing and financing flows differ from the reported change in cash by 6478000000, beyond tolerance 73300000.00.
cash flow reconciliationreview2025-09-30
Operating, investing and financing flows differ from the reported change in cash by 1980000000, beyond tolerance 59520000.00.
cash flow reconciliationreview2025-06-30
Operating, investing and financing flows differ from the reported change in cash by 1640000000, beyond tolerance 11770000.00.
cash flow reconciliationreview2025-03-31
Operating, investing and financing flows differ from the reported change in cash by 2858000000, beyond tolerance 20670000.00.
cash flow reconciliationreview2024-12-31
Operating, investing and financing flows differ from the reported change in cash by 15540000000, beyond tolerance 171400000.00.
cash flow reconciliationreview2024-09-30
Operating, investing and financing flows differ from the reported change in cash by 2134000000, beyond tolerance 12070000.00.
cash flow reconciliationreview2024-06-30
Operating, investing and financing flows differ from the reported change in cash by 1934000000, beyond tolerance 34560000.00.
cash flow reconciliationreview2024-03-31
Operating, investing and financing flows differ from the reported change in cash by 11472000000, beyond tolerance 57360000.00.
cash flow reconciliationreview2023-12-31
Operating, investing and financing flows differ from the reported change in cash by 5636000000, beyond tolerance 68620000.00.
cash flow reconciliationreview2023-09-30
Operating, investing and financing flows differ from the reported change in cash by 2000000000, beyond tolerance 10000000.00.