Reinsurance Group Of America, Incorporated balance sheet RGA

Annual Quarterly

As of Jun 30, 2026, Reinsurance Group Of America, Incorporated had total assets of $167.1 billion and total liabilities of $153.3 billion. Total assets were up 25.2% from a year earlier. Stockholders' equity was $13.7 billion. It held $114.6 billion in cash and investments against $5.7 billion of total debt, net cash of $108.8 billion.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

FY 2026
Jun 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
FY 2017
Dec 31, 2017
FY 2016
Dec 31, 2016
Assets
Cash
5,288
-2.4%
4,168
+25.3%
3,326
+12.0%
2,970
+1.5%
2,927
+0.0%
2,927
-0.7%
2,948
-13.5%
3,408
+135.2%
1,449
+11.1%
1,304
+8.6%
1,201
-21.3%
Cash and investments
114,558
+25.3%
105,937
+30.9%
80,943
+27.6%
63,437
+13.6%
55,828
-12.3%
63,676
+6.7%
59,683
+9.5%
54,529
+31.6%
41,441
+5.0%
39,455
+18.5%
33,295
+6.8%
Goodwill
—
—
—
—
7
+0.0%
7
+0.0%
7
+0.0%
7
+0.0%
7
+0.0%
7
+0.0%
7
+0.0%
Total assets
167,115
+25.2%
156,590
+31.9%
118,675
+21.6%
97,623
+15.0%
84,904
-8.6%
92,941
+9.8%
84,656
+10.3%
76,731
+18.9%
64,535
+6.6%
60,515
+14.0%
53,098
+5.4%
Liabilities and equity
Total liabilities
153,331
+26.4%
143,039
+32.7%
107,769
+21.8%
88,452
+13.8%
77,733
-1.8%
79,161
+12.6%
70,304
+7.9%
65,130
+16.1%
56,085
+10.1%
50,945
+10.7%
46,005
+4.0%
Stockholders' equity
13,694
+13.6%
13,461
+24.5%
10,816
+19.1%
9,081
+28.2%
7,081
-13.4%
8,180
-43.0%
14,352
+23.7%
11,601
+37.3%
8,450
-11.7%
9,570
+34.9%
7,093
+15.6%
Debt
Long-term debt
5,709
-0.4%
5,710
+13.2%
5,042
+13.9%
4,427
+11.8%
3,961
+8.0%
3,667
+2.6%
3,573
+19.9%
2,981
+6.9%
2,788
-0.0%
2,788
-9.7%
3,089
+34.4%
Total debt
5,709
-0.4%
5,710
+13.2%
5,042
+13.9%
4,427
+11.8%
3,961
+8.0%
3,667
+2.6%
3,573
+19.9%
2,981
+6.9%
2,788
-0.0%
2,788
-9.7%
3,089
+34.4%
Net cash
108,849
+27.0%
100,227
+32.0%
75,901
+28.6%
59,010
+13.8%
51,867
-13.6%
60,009
+6.9%
56,110
+8.9%
51,548
+33.4%
38,653
+5.4%
36,666
+21.4%
30,206
+4.6%
Ratios
Debt to equity
0.42x
0.42x
0.47x
0.49x
0.56x
0.45x
0.25x
0.26x
0.33x
0.29x
0.44x
Return on equity
11.01%
8.78%
6.63%
9.93%
7.30%
14.30%
2.89%
7.50%
8.47%
19.04%
9.89%
Return on assets
0.90%
0.75%
0.60%
0.92%
0.61%
1.26%
0.49%
1.13%
1.11%
3.01%
1.32%
Book value per share
—
—
—
—
—
—
—
185.15
134.52
148.48
110.31
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.

Company profile

Industry
Life Insurance (SIC 6311)
Listed as
RGA (NYSE), RZC (NYSE)
Fiscal year ends
December 31
Incorporated in
MO
Headquarters
Chesterfield, MO
SEC filer status
Large accelerated filer
SEC CIK
898174

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.