RGA
Financial ServicesReinsurance Group of America, Incorporated · Insurance - Reinsurance · $14B
What is Reinsurance Group of America, Incorporated?
Reinsurance Group of America is one of the largest life and health reinsurers in the world, partnering with insurance companies across more than 80 countries. Founded in 1973 and headquartered in Chesterfield, Missouri, RGA has built a global footprint in risk transfer solutions.
RGA assumes mortality, morbidity, and longevity risks from primary life and health insurers, allowing those companies to manage their capital more efficiently. Revenue is generated through reinsurance premiums, investment income on float, and fee-based services. Beyond traditional risk transfer, RGA develops technology platforms and provides consulting and outsourcing solutions tailored to the insurance industry. The company serves clients across the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, and the Asia Pacific region.
Reinsurance Group of America was founded in 1973 and is headquartered in Chesterfield, Missouri.
- Individual life reinsurance — term, universal, whole, and joint life products
- Group life and health reinsurance coverage
- Critical illness, disability, and longevity risk solutions
- Asset-intensive and financial reinsurance structures
- Technology, consulting, and outsourcing services for insurers
Is RGA a Good Stock to Buy?
UQS Score rates RGA as Good overall, reflecting a balanced profile across its five analytical pillars.
The Growth pillar stands out as the clearest positive signal, suggesting RGA is expanding its earnings base at a pace that compares favorably within the financial services sector. The Valuation pillar is rated Attractive, meaning the stock does not appear to carry a significant premium relative to its fundamentals — a meaningful consideration for long-term investors.
Quality, Moat, and Risk each land at Neutral, indicating RGA does not yet demonstrate the kind of durable competitive advantages or balance-sheet characteristics that would push it into the top tier of reinsurers.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does RGA pay dividends?
Yes — Reinsurance Group of America, Incorporated pays a dividend.
RGA pays a regular dividend, which is relatively uncommon among reinsurers of its scale and reflects confidence in the company's recurring cash generation. The dividend is consistent with RGA's business model — long-duration liabilities and predictable premium flows support a steady payout. Investors seeking income alongside capital appreciation may find this cadence appealing within the financial services sector.
When does RGA report earnings?
Reinsurance Group of America reports earnings on a quarterly cadence, consistent with US-listed large-cap equities.
RGA's Growth pillar rating suggests the company has been building its earnings base in a meaningful way. Premium volume across its international segments and disciplined underwriting have been recurring themes in its operating narrative. Results can be influenced by mortality experience, interest rate movements, and currency fluctuations across its global book.
For the most recent quarter's results and guidance, visit Reinsurance Group of America's investor relations page directly.
RGA Price History
+84.1% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Reinsurance Group of America, Incorporated?
Based on Reinsurance Group of America, Incorporated's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
RGA Long-term Outlook
RGA's Good Growth rating points to a business that is expanding its premium base and geographic reach at a pace above many financial services peers. The Neutral Risk profile suggests the trajectory is not without headwinds — mortality volatility, interest rate sensitivity, and currency exposure across emerging markets remain ongoing considerations. The Attractive Valuation label implies the market has not yet fully priced in the growth runway, which could be meaningful for patient investors. Execution on technology and outsourcing initiatives adds a diversification layer to the traditional reinsurance model.
Growth drivers
- Expanding life and health reinsurance demand across Asia Pacific and emerging markets
- Growing fee-based technology and outsourcing revenue alongside core risk transfer
- Favorable demographic trends driving longevity and critical illness product uptake
Key risks
- Adverse mortality or morbidity experience deviating from actuarial assumptions
- Interest rate and credit spread sensitivity affecting investment portfolio returns
- Currency and regulatory complexity across a broad multi-region operating footprint
RGA vs Peers
RGA competes in the global reinsurance market alongside several large, well-capitalized peers — each with a distinct strategic emphasis.
RenaissanceRe focuses primarily on property catastrophe reinsurance, giving it a very different risk profile compared to RGA's life and health orientation.
Everest Re operates across both property-casualty and life reinsurance lines, making it a more diversified but also more cyclically exposed competitor to RGA.
Frequently Asked Questions
What does Reinsurance Group of America do?
RGA is a global life and health reinsurer that assumes mortality, morbidity, longevity, and investment-related risks from primary insurance companies. It also provides technology platforms and consulting services to the broader insurance industry. The company operates across more than 80 countries, with major presences in North America, Europe, and Asia Pacific.
Does RGA pay dividends?
Yes, RGA pays a regular dividend. This is relatively uncommon among large reinsurers and reflects the company's confidence in its recurring cash flows from long-duration premium contracts. Investors should verify the current dividend rate and payment schedule on RGA's investor relations page.
When does RGA report earnings?
Reinsurance Group of America reports earnings on a quarterly cadence, as is standard for US-listed large-cap companies. For the exact timing of upcoming releases, check the company's investor relations page or financial calendar.
Is RGA a good stock to buy?
UQS Score rates RGA as Good overall. The Growth and Valuation pillars are the clearest positives — the company appears to be expanding its earnings base while trading at a level that does not look stretched. Quality, Moat, and Risk are each Neutral, meaning there are no major red flags but also no standout competitive advantages. The full pillar breakdown is available to Pro members.
Is RGA overvalued?
The UQS Valuation pillar for RGA is rated Attractive, suggesting the stock does not appear significantly overpriced relative to its fundamentals. This does not guarantee future returns, but it does indicate the market has not assigned an excessive premium to RGA's earnings profile compared to sector peers.
How does RGA compare to its competitors?
RGA is distinguished by its near-exclusive focus on life and health reinsurance, whereas peers like RenaissanceRe concentrate on property catastrophe risk and Everest Re spans both property-casualty and life lines. This specialization gives RGA deeper actuarial expertise in mortality and longevity products but also concentrates its exposure to life-related risk events.
What is RGA's market cap bracket?
RGA is classified as a large-cap company, placing it among the more substantial publicly traded reinsurers in the United States. Large-cap status generally implies greater liquidity and institutional coverage compared to mid- or small-cap peers in the financial services sector.
Who founded Reinsurance Group of America?
Reinsurance Group of America was founded in 1973. Detailed founding history, including key individuals involved in the company's establishment, is publicly available through RGA's official corporate history and investor relations materials.
Is RGA a long-term quality investment?
From a long-term quality perspective, RGA's Good UQS Score reflects a business with meaningful growth momentum and an Attractive valuation, tempered by Neutral readings on Quality, Moat, and Risk. Long-term investors should weigh the company's global diversification and recurring premium income against its sensitivity to mortality trends and interest rate cycles. Pro members can access the complete pillar analysis.
What is the main competitive advantage of Reinsurance Group of America?
RGA's primary edge lies in its deep actuarial expertise in life and health risk, accumulated over decades of underwriting across diverse global markets. Its broad geographic reach — spanning over 80 countries — also allows it to diversify mortality and morbidity risk across different demographic and regulatory environments, which is difficult for smaller competitors to replicate.
Is RGA a growth stock or value stock?
Based on UQS pillar ratings, RGA shows characteristics of both. The Growth pillar is rated Good, indicating above-average earnings expansion for a financial services company. The Valuation pillar is rated Attractive, suggesting the stock is not priced at a growth premium. This combination may appeal to investors seeking growth at a reasonable price rather than a pure growth or pure value play.
Unlock Full RGA Analysis
Sign in to unlock the detailed analysis behind the UQS Score.
- ✓View the exact UQS Score and all five pillar ratings
- ✓Access detailed financial metrics and trend data
- ✓Compare RGA against reinsurance peers side by side
- ✓See valuation context relative to sector benchmarks
- ✓Get the complete risk and growth factor breakdown
- ✓Track score changes as new earnings data arrives
Pro Analysis
RGA — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 21, 2026 | 55.6 | 45.9 | 43.0 | 64.7 | 39.1 | 97.4 | 0.0 |
| May 16, 2026 | 55.6 | 45.9 | 43.0 | 64.3 | 39.1 | 97.3 | 0.0 |
| May 14, 2026 | 55.6 | 45.9 | 43.0 | 64.3 | 39.1 | 97.5 | 0.0 |
| May 12, 2026 | 55.6 | 45.9 | 43.0 | 64.2 | 39.1 | 97.8 | 0.0 |
| May 7, 2026 | 55.6 | 46.0 | 43.0 | 64.3 | 40.1 | 96.7 | 0.0 |
| Apr 18, 2026 | 55.6 | 46.0 | 43.0 | 64.3 | 40.1 | 96.5 | -0.5 |
| Apr 15, 2026 | 56.1 | 46.0 | 43.0 | 64.3 | 40.1 | 100.0 | 0.0 |
| Apr 9, 2026 | 56.1 | 46.0 | 43.0 | 64.4 | 40.1 | 100.0 | +0.1 |
| Apr 2, 2026 | 56.0 | 46.0 | 43.0 | 63.8 | 40.1 | 100.0 | — |
RGA — Pillar Breakdown
Quality
— 45.9/100 (25%)Reinsurance Group of America, Incorporated has average quality metrics, with room for improvement in margins or capital efficiency.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 64.9/100 (20%)Reinsurance Group of America, Incorporated demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 39.1/100 (15%)Reinsurance Group of America, Incorporated has some risk factors including moderate leverage or solvency concerns.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 97.5/100 (15%)Reinsurance Group of America, Incorporated appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 43/100 (25%)Reinsurance Group of America, Incorporated possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for RGA.
Score Composition
Financial Data
More Stock Analysis
How is the RGA UQS Score Calculated?
The UQS (Unified Quality Score) for Reinsurance Group of America, Incorporated is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Reinsurance Group of America, Incorporated's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Reinsurance Group of America, Incorporated is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.