US · USD

RGA

Reinsurance Group of America

$251.04+0.65% ($1.63)Updated 10/5/26, 5:00 PM

Day's range: $248.43 – $253.35
Day's volume: $120.8M
52-week range: $178.40 – $255.91

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RGA in numbers

Market cap: $16.4B

P/E: 10.87

P/B: 1.20

Dividend yield (12m): 1.50%

The 12-month dividend yield of RGA is 1.50%, below its 5-year average of 2.04%.

RGA price history

10/06/202510/05/2026

Compare with

RGA risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+33.89%	+61.63%	+191.00%
Volatility (annualized)	17.08%	19.83%	21.73%
Largest drawdown	-6.54%	-19.01%	-19.01%
Positive months	9/12	19/36	31/60

How much did investing in RGA return?

Amount invested

$1,000.00 invested on 11/01/2021 would be worth $2,910.03 today.

Value today in RGA: $2,910.03

Return over the period: +191.00%

Return per year: +24.22%

In the S&P 500: $1,702.20

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

RGA fundamentals

Valuation

P/E
10.87
P/B
1.20
EV/EBITDA
—
EV/EBIT
—
EV/Revenue
0.65
P/EBIT
—
P/S
0.63
P/OCF
5.50
P/FCF
—
Earnings yield
—
PEG ratio
—
Earnings per share
$23.09
Book value per share
$209.70

Debt

Net debt
$421M
Net debt/EBITDA
—
Net debt/Equity
0.03
Debt/Equity
0.42
Current ratio
—
Quick ratio
—
Cash ratio
—

Efficiency

Gross margin
—
EBITDA margin
—
Operating margin
—
Net margin
5.81%
Asset turnover
0.16

Profitability

ROE
11.01%
ROA
0.90%
ROIC
—
Payout
16.33%

Growth

Revenue CAGR (5 years)
10.11%
Earnings CAGR (5 years)
12.74%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is RGA's fair price?

Two classic value formulas, with today's numbers. The current price is $251.04.

Graham's fair price: $330.09; 31.49% above the price

√(22.50 × $23.09 × $209.70)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $54.47; 78.30% below the price

$3.27 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

RGA's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	11.29	19.67	11.79	15.25	11.92	18.98	11.73	12.31
P/B	0.99	1.30	1.17	1.34	0.90	0.55	0.88	1.04
Dividend yield	1.79%	1.63%	2.04%	2.15%	2.61%	2.42%	1.59%	1.57%
Earnings per share	$18.03	$10.86	$13.72	$9.32	$9.18	$6.11	$13.90	$11.39
Book value per share	$205.31	$163.82	$138.10	$105.91	$121.74	$211.14	$185.37	$134.47
ROE	8.78%	6.63%	9.93%	8.80%	7.54%	2.89%	7.50%	8.47%
Net margin	4.99%	3.24%	4.86%	3.84%	3.70%	2.84%	6.08%	5.56%

RGA's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$23.7B	$22.1B	$18.6B	$16.2B	$16.7B	$14.6B
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	—	—	—	—	—	—
EBIT	—	—	—	—	—	—
Financial result	—	—	—	—	—	—
Income before tax	$1.5B	$980M	$1.2B	$718M	$1.4B	$553M
Income tax	-$351M	-$256M	-$251M	-$197M	-$215M	-$138M
Net income	$1.2B	$717M	$902M	$623M	$617M	$415M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does RGA pay dividends?

Dividend yield per year

1.17%2017
1.57%2018
1.59%2019
2.42%2020
2.61%2021
2.15%2022
2.04%2023
1.63%2024
1.79%2025
1.13%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	08/17/2026	09/01/2026	$0.98
Dividend	05/18/2026	06/02/2026	$0.93
Dividend	02/16/2026	03/03/2026	$0.93
Dividend	11/07/2025	11/25/2025	$0.93
Dividend	08/11/2025	08/26/2025	$0.93
Dividend	05/12/2025	05/27/2025	$0.89
Dividend	02/17/2025	03/04/2025	$0.89
Dividend	11/11/2024	11/26/2024	$0.89
Dividend	08/12/2024	08/27/2024	$0.89
Dividend	05/10/2024	05/28/2024	$0.85
Dividend	02/09/2024	02/27/2024	$0.85
Dividend	11/10/2023	11/28/2023	$0.85

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/11/2023	08/29/2023	$0.85
Dividend	05/12/2023	05/30/2023	$0.80
Dividend	02/10/2023	02/28/2023	$0.80
Dividend	11/11/2022	11/29/2022	$0.80
Dividend	08/12/2022	08/30/2022	$0.80
Dividend	05/13/2022	05/31/2022	$0.73
Dividend	02/11/2022	03/01/2022	$0.73
Dividend	11/12/2021	11/30/2021	$0.73
Dividend	08/13/2021	08/31/2021	$0.73
Dividend	05/14/2021	06/01/2021	$0.70
Dividend	02/16/2021	03/04/2021	$0.70
Dividend	11/13/2020	12/03/2020	$0.70
Dividend	08/12/2020	09/01/2020	$0.70
Dividend	05/19/2020	06/04/2020	$0.70
Dividend	02/04/2020	02/27/2020	$0.70
Dividend	11/07/2019	12/03/2019	$0.70
Dividend	08/06/2019	08/29/2019	$0.70
Dividend	05/07/2019	05/30/2019	$0.60
Dividend	02/05/2019	02/28/2019	$0.60
Dividend	11/02/2018	11/27/2018	$0.60
Dividend	08/03/2018	08/28/2018	$0.60
Dividend	05/04/2018	05/29/2018	$0.50
Dividend	02/06/2018	03/01/2018	$0.50
Dividend	11/03/2017	11/28/2017	$0.50
Dividend	08/03/2017	08/29/2017	$0.50
Dividend	05/04/2017	05/30/2017	$0.41
Dividend	02/06/2017	03/02/2017	$0.41
Dividend	11/03/2016	11/29/2016	$0.41

About Reinsurance Group Of America

Sector: Finance, insurance and real estate

Questions about RGA

How much is RGA today?

RGA is at $251.04 (0.65% on the day), last traded on 10/05/2026.

How much did RGA pay in dividends in 2025?

RGA paid $3.64 per share in 2025, a dividend yield of 1.79%.

What are the P/E and P/B of RGA?

RGA trades at a P/E of 10.87 and a P/B of 1.20.

How much did RGA return in 12 months?

RGA returned 33.89% in 12 months, with annualized volatility of 17.08% and a largest drawdown of -6.54%.