Financial Statements — RGA
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 4.99 | 4.63 | 5.42 | 5.15 | 5.20 | 4.60 | 5.94 | 2.82 | 2.60 | 3.29 | 3.51 | 2.56 | 2.71 | 3.03 | 3.25 | 3.12 |
| Total Assets | 164.06 | 152.00 | 133.48 | 128.21 | 120.26 | 109.89 | 106.00 | 87.42 | 89.04 | 89.12 | 82.71 | 84.61 | 89.76 | 91.45 | 88.94 | 84.81 |
| Long-term Debt | 6.11 | 5.73 | 5.73 | 5.73 | 5.07 | 5.07 | 4.43 | 4.45 | 4.85 | 4.46 | 4.21 | 3.67 | 3.67 | 3.17 | 3.17 | 3.57 |
| Total Liabilities | 150.68 | 138.94 | 121.34 | 116.72 | 109.04 | 100.06 | 96.44 | 79.27 | 81.15 | 81.40 | 78.96 | 78.68 | 80.49 | 78.56 | 75.50 | 72.72 |
| Retained Earnings | 10.38 | 9.76 | 9.56 | 9.44 | 9.17 | 9.08 | 8.93 | 8.71 | 8.48 | 8.34 | 8.82 | 8.59 | 8.45 | 8.46 | 8.53 | 8.24 |
| Total Stockholder Equity | 13.29 | 12.98 | 12.05 | 11.40 | 11.13 | 9.74 | 9.47 | 8.06 | 7.81 | 7.63 | 3.65 | 5.84 | 9.18 | 12.89 | 13.44 | 12.09 |
Income Statement
(in billions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Net Premiums Earned | 4.60 | 4.78 | 4.28 | 4.15 | 4.02 | 4.16 | 4.39 | 3.92 | 5.38 | 4.11 | 4.26 | 3.34 | 3.39 | 3.45 | 3.25 | 3.23 | 3.16 | 3.41 | 3.09 | 3.10 |
| Net Investment Income | 1.70 | 1.69 | 1.48 | 1.41 | 1.23 | 1.19 | 1.19 | 1.08 | 0.96 | 0.96 | 0.92 | 0.86 | 0.86 | 0.83 | 0.77 | 0.75 | 0.81 | 0.77 | 0.80 | 0.76 |
| Total Revenue | 6.49 | 6.64 | 6.20 | 5.60 | 5.26 | 5.24 | 5.65 | 4.88 | 6.34 | 5.01 | 5.15 | 4.16 | 4.25 | 4.38 | 4.07 | 3.89 | 3.93 | 4.36 | 4.04 | 4.14 |
| Benefits & Claims | 4.62 | 4.77 | 4.36 | 4.05 | 3.82 | 3.94 | 4.12 | 3.71 | 5.13 | 3.84 | 3.96 | 3.01 | 3.06 | 3.19 | 2.82 | 2.82 | 3.23 | 3.48 | 3.29 | 2.81 |
| Total Benefits & Expenses | 6.05 | 6.13 | 5.88 | 5.26 | 4.89 | 5.02 | 5.44 | 4.61 | 6.07 | 4.84 | 4.77 | 3.89 | 3.90 | 4.10 | 3.70 | 3.63 | 3.99 | 4.30 | 4.08 | 3.66 |
| Tax Provision | 0.11 | 0.05 | 0.07 | 0.16 | 0.08 | 0.08 | 0.06 | 0.07 | 0.06 | 0.00 | 0.09 | 0.06 | 0.10 | 0.07 | 0.08 | 0.06 | 0.00 | (0.10) | (0.01) | 0.14 |
| Net Income | 0.33 | 0.46 | 0.25 | 0.18 | 0.29 | 0.15 | 0.16 | 0.20 | 0.21 | 0.16 | 0.29 | 0.21 | 0.25 | 0.20 | 0.28 | 0.20 | (0.06) | 0.16 | (0.02) | 0.34 |
| Diluted EPS | 4.98 | 6.91 | 3.81 | 2.70 | 4.27 | 2.21 | 2.33 | 3.03 | 3.16 | 2.38 | 4.29 | 3.05 | 3.72 | 3.03 | 4.19 | 2.92 | (0.93) | 2.31 | (0.32) | 5.02 |
Cash Flow Statement
(in billions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (2.87) | 7.33 | (0.99) | (0.82) | (1.43) | 17.14 | (1.07) | (0.97) | (5.74) | 6.86 | (1.00) | (0.24) | (1.57) | 0.27 | 0.84 | 0.08 | 0.16 | 0.36 | 1.49 | (0.04) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (1.01) | (0.25) | (1.58) | 0.26 | 0.83 | 0.07 | 0.16 | 0.36 | 1.49 | (0.04) |
| Investing Cash Flow | (3.70) | (3.27) | (5.95) | (1.18) | (1.69) | (4.16) | (1.21) | (3.46) | (3.72) | (1.47) | (0.10) | (0.78) | (1.70) | (0.89) | (1.58) | (0.98) | (2.23) | (1.14) | (1.32) | 0.32 |
| Financing Cash Flow | 1.67 | 1.99 | 4.21 | 0.54 | 2.07 | 0.80 | 0.64 | 1.22 | 1.00 | 0.35 | (0.64) | (0.13) | 0.50 | (0.02) | 1.78 | 0.83 | 1.85 | 0.70 | (0.38) | (0.16) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q1
2021 |
|---|
| Dividends Per Share | 0.93 | 0.93 | 0.93 | 0.89 | 0.89 | 0.89 | 0.89 | 0.85 | 0.85 | 0.85 | 0.85 | 0.80 | 0.80 | 0.80 | 0.80 | 0.73 | 0.73 | 0.73 | 0.73 | 0.70 |
