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Reinsurance Group of America Inc Stock Research

RGA

127.45USD+1.68(+1.34%)Delayed

Market Summary

USD127.45+1.68
Delayed
1.34%

RGA Stock Price

RGA RSI Chart

RGA Valuation

Market Cap

10.0B

Price/Earnings (Trailing)

37

Price/Sales (Trailing)

0.61

EV/EBITDA

32.54

Price/Free Cashflow

4.8

RGA Price/Sales (Trailing)

RGA Profitability

EBT Margin

5.11%

Return on Equity

15.03%

Return on Assets

0.74%

Free Cashflow Yield

20.83%

RGA Fundamentals

RGA Revenue

Revenue (TTM)

16.3B

Revenue Y/Y

0.37%

Revenue Q/Q

7.6%

RGA Earnings

Earnings (TTM)

623.0M

Earnings Y/Y

30.77%

Earnings Q/Q

-28.17%

Price Action

52 Week Range

102.56153.35
(Low)(High)

Last 7 days

-1.0%

Last 30 days

-13.5%

Last 90 days

-10.7%

Trailing 12 Months

18.4%

RGA Financial Health

Debt/Equity

0.96

Debt/Cashflow

0.34

RGA Investor Care

Dividend Yield

2.4%

Dividend/Share (TTM)

3.06

Diluted EPS (TTM)

8.24

Peers (Alternatives to Reinsurance Group of America)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
82.1B
49.6B
-1.45% 23.08%
113.76
1.65
4.00% -78.47%
42.3B
69.9B
-23.30% -20.83%
16.68
0.61
-1.66% -61.26%
39.6B
19.5B
-8.02% -0.58%
9.42
2.03
-11.78% -2.87%
38.3B
36.9B
-11.40% -9.04%
13.47
1.04
5.94% -22.39%
17.4B
17.5B
-18.79% 0.52%
3.62
1
22.64% 181.28%
MID-CAP
10.0B
16.3B
-13.53% 18.41%
37
0.61
-2.40% 0.97%
7.6B
12.0B
-9.63% 24.94%
5.75
0.63
-0.19% 59.45%
6.0B
10.2B
-13.09% -37.50%
21.54
0.58
0.05% -79.62%
2.4B
3.6B
-15.59% -15.74%
6.09
0.68
-13.23% -10.02%
2.4B
7.5B
-20.83% 27.35%
3.86
0.31
-4.15% -32.63%
1.6B
905.2M
-29.71% -58.57%
-35.21
1.74
29.50% -25.73%
SMALL-CAP
1.4B
1.4B
-10.42% -18.96%
-523.07
0.98
3.97% -101.82%
1.3B
327.1M
-8.98% -16.27%
25.76
4.11
39.88% 13.79%
776.0M
813.7M
-6.42% -3.67%
25.05
0.95
5.28% 117.92%

Financials for Reinsurance Group of America

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue0.1%16,25816,24216,21916,46916,658
EBITDA209.7%1,053340612861-
EBITDA Margin209.0%0.06*0.02*0.04*0.05*-
Earnings Before Taxes34.7%831617217445691
EBT Margin34.6%0.05*0.04*0.01*0.03*-
Interest Expenses43.8%184128123124127
Net Income8.3%623575269415617
Net Income Margin8.2%0.04*0.04*0.02*0.03*-
Free Cahsflow-6.9%1,3181,4152,0731,958-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.4%84,70682,70584,60989,76192,175
    Cash Equivalents-16.7%2,9273,5122,5562,7092,948
Liabilities1.9%80,47178,96278,68080,48979,161
  Long Term Debt-5.8%3,9614,2073,6673,6673,667
Shareholder's Equity13.5%4,1453,6535,8399,18213,014
  Retained Earnings1.7%8,9678,8208,5928,4468,563
  Additional Paid-In Capital0.4%2,5022,4932,4782,4652,461
Minority Interest0%90.0090.0090.0090.00-
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-6.6%1,3431,4382,0941,9794,182
Cashflow From Investing4.1%-5,688-5,931-5,666-4,371-4,628
Cashflow From Financing-14.0%4,4365,1583,0052,01720.00
  Dividend Payments2.0%205201197195194
  Buy Backs-22.9%81.0010512412599.00

Risks for RGA

What is the probability of a big loss on RGA?

36.5%


Probability that Reinsurance Group of America stock will be more than 20% underwater in next one year

22.3%


Probability that Reinsurance Group of America stock will be more than 30% underwater in next one year.

19.6%


Probability that Reinsurance Group of America stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does RGA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Reinsurance Group of America was unfortunately bought at previous high price.

Drawdowns

Returns for RGA

Cumulative Returns on RGA

10.0%


10-Year Cumulative Returns

6.4%


7-Year Cumulative Returns

-1.6%


5-Year Cumulative Returns

28.8%


3-Year Cumulative Returns

What are the long-term rolling returns for RGA?

FIve years rolling returns for Reinsurance Group of America.

Annualized Returns

Which funds bought or sold RGA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-0.54
11,841,000
107,859,000
0.12%
2023-03-08
Capital Asset Advisory Services LLC
reduced
-2.09
31,097
326,097
0.03%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-35.14
-61,671,000
168,928,000
0.85%
2023-02-28
Voya Investment Management LLC
reduced
-0.34
666,884
5,974,880
0.01%
2023-02-22
CVA Family Office, LLC
unchanged
-
815
7,815
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
173,000
1,504,000
0.02%
2023-02-21
Triasima Portfolio Management inc.
new
-
1,985,710
1,985,710
0.15%
2023-02-21
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC
reduced
-36.09
-338,173
878,827
0.02%
2023-02-21
MACQUARIE GROUP LTD
reduced
-6.97
2,259,000
49,113,000
0.06%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
reduced
-22.22
-1,022
3,978
-%

1–10 of 47

Latest Funds Activity

Are funds buying RGA calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own RGA
No. of Funds

Reinsurance Group of America News

MarketBeat

Willis Investment Counsel Raises Stock Position in Reinsurance ....

MarketBeat,
25 hours ago

Zacks Investment Research

Are You Looking for a High-Growth Dividend Stock?.

Zacks Investment Research,
2 days ago

Marketscreener.com

Yahoo Finance

Investor's Business Daily

Nasdaq

Schedule 13G FIlings of Reinsurance Group of America

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
harris associates l p
4.0%
2,648,211
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
10.85%
7,249,614
SC 13G/A
Feb 08, 2023
american century investment management inc
2.60%
1,738,104
SC 13G/A
Jan 23, 2023
blackrock inc.
10.3%
6,909,687
SC 13G/A
Jun 09, 2022
blackrock inc.
10.5%
7,052,318
SC 13G/A
Feb 11, 2022
harris associates l p
6.6%
4,430,058
SC 13G/A
Feb 10, 2022
vanguard group inc
10.31%
6,966,961
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 04, 2022
american century investment management inc
5.52%
3,731,872
SC 13G

RGA Fair Value

Recent SEC filings of Reinsurance Group of America

View All Filings
Date Filed Form Type Document
Mar 22, 2023
8-K
Current Report
Mar 16, 2023
8-K
Current Report
Mar 15, 2023
S-3ASR
S-3ASR
Mar 13, 2023
4
Insider Trading
Mar 13, 2023
4
Insider Trading
Mar 13, 2023
4
Insider Trading
Mar 13, 2023
4
Insider Trading
Mar 13, 2023
4
Insider Trading
Mar 13, 2023
4
Insider Trading
Mar 13, 2023
4
Insider Trading

Latest Insider Trading transactions for RGA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-17
PORTER JONATHAN
acquired
251,315
149
1,686
evp, global chief risk officer
2023-02-17
CUIPER OLAV
acquired
300,356
149
2,015
evp, head of emea
2023-02-17
BARBI LESLIE
sold (taxes)
-68,716
149
-461
evp, chief investment officer
2023-02-17
CHENG TONY KIN SHUN
acquired
407,232
149
2,732
evp, head of asia
2023-02-17
CUIPER OLAV
sold (taxes)
-148,762
149
-998
evp, head of emea
2023-02-17
GAUTAM ALKA
acquired
219,565
149
1,473
evp, pres & ceo, rga canada
2023-02-17
CARSON LAWRENCE S
acquired
259,961
149
1,744
evp, gfs
2023-02-17
PORTER JONATHAN
sold (taxes)
-141,309
149
-948
evp, global chief risk officer
2023-02-17
LARSON TODD C
acquired
883,926
149
5,930
sevp, chief financial officer
2023-02-17
CARSON LAWRENCE S
sold (taxes)
-76,169
149
-511
evp, gfs

1–10 of 50

Anna Manning
3500
Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions. The company also provides reinsurance for mortality, morbidity, lapse, and investment-related risk associated with products; and reinsurance for investment-related risks. In addition, it develops and markets technology solutions; and provides consulting and outsourcing solutions for the insurance and reinsurance industries. The company serves life insurance companies in the United States, Latin America, Canada, Europe, the Middle East, Africa, Australia, and the Asia Pacific. Reinsurance Group of America, Incorporated was founded in 1973 and is headquartered in Chesterfield, Missouri.

RGA Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues   
Net premiums$ 13,078.0$ 12,513.0$ 11,694.0
Net investment income3,161.03,138.02,575.0
Investment related gains (losses), net(506.0)560.0(33.0)
Other revenues525.0447.0360.0
Total revenues16,258.016,658.014,596.0
Benefits and expenses   
Claims and other policy benefits12,046.012,776.011,075.0
Interest credited682.0700.0704.0
Policy acquisition costs and other insurance expenses1,499.01,416.01,261.0
Other operating expenses1,009.0936.0816.0
Interest expense184.0127.0170.0
Collateral finance and securitization expense7.012.017.0
Total benefits and expenses15,427.015,967.014,043.0
Income before income taxes831.0691.0553.0
Provision for income taxes204.074.0138.0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest627.0617.0415.0
Net Income (Loss) Attributable to Noncontrolling Interest4.00.00.0
Net Income (Loss) Attributable to Parent, Total$ 623.0$ 617.0$ 415.0
Earnings per share   
Basic earnings per share (in dollars per share)$ 9.31$ 9.10$ 6.35
Diluted earnings per share (in dollars per share)$ 9.21$ 9.04$ 6.31

RGA Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Fixed Maturity Securities [Abstract]  
Fixed maturity securities available-for-sale at fair value (amortized cost of $59,663 and $55,873; allowance for credit losses of $37 and $31)$ 52,901[1]$ 60,749[2]
Equity Securities, FV-NI134151
Mortgage loans (net of allowance for credit losses of $51 and $35)6,5906,283
Policy loans1,2311,234
Funds withheld at interest6,0036,954
Real Estate Investments, Joint Ventures2,3271,996
Short-term investments15487
Other invested assets1,1401,074
Total investments70,48078,528
Cash and cash equivalents2,9272,948
Accrued investment income630533
Premiums receivable and other reinsurance balances3,0132,888
Reinsurance ceded receivables and other2,4622,580
Deferred policy acquisition costs3,9743,690
Other assets1,2201,008
Total assets84,70692,175
Liabilities and Equity  
Future policy benefits35,22035,782
Interest-sensitive contract liabilities30,57226,377
Other policy claims and benefits6,5716,993
Other reinsurance balances756613
Deferred income taxes7362,886
Other liabilities2,6552,663
Long-term debt3,9613,667
Collateral finance and securitization notes0180
Total liabilities80,47179,161
Commitments and contingent liabilities (See Note 12)
Stockholders Equity:  
Preferred stock (par value $.01 per share; 10,000,000 shares authorized; no shares issued or outstanding)00
Common stock (par value $0.01 per share; 140,000,000 shares authorized; shares issued: 85,310,598 at both December 31, 2022 and December 31, 2021)11
Additional paid-in-capital2,5022,461
Retained earnings8,9678,563
Treasury stock, at cost – 18,634,390 and 18,139,868 shares(1,720)(1,653)
Accumulated other comprehensive income(5,605)3,642
Total Reinsurance Group of America, Inc. stockholders’ equity4,14513,014
Total liabilities and stockholders’ equity84,70692,175
Stockholders' Equity Attributable to Noncontrolling Interest900
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest$ 4,235$ 13,014
[1]Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of December 31, 2022, the fair value of such investments was $683 million
[2]Excludes limited partnerships that are measured at estimated fair value using the NAV per share (or its equivalent) as a practical expedient. As of December 31, 2021, the fair value of such investments was $581 million.