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Reinsurance Group of America (RGA)



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Upturn Advisory Summary
08/14/2025: RGA (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $238.56
1 Year Target Price $238.56
3 | Strong Buy |
3 | Buy |
4 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -2.2% | Avg. Invested days 52 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 12.51B USD | Price to earnings Ratio 16.45 | 1Y Target Price 238.56 |
Price to earnings Ratio 16.45 | 1Y Target Price 238.56 | ||
Volume (30-day avg) 10 | Beta 0.59 | 52 Weeks Range 157.78 - 230.61 | Updated Date 08/15/2025 |
52 Weeks Range 157.78 - 230.61 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 1.87% | Basic EPS (TTM) 11.5 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-07-31 | When After Market | Estimate 5.55 | Actual 4.72 |
Profitability
Profit Margin 3.54% | Operating Margin (TTM) 7.7% |
Management Effectiveness
Return on Assets (TTM) 0.76% | Return on Equity (TTM) 7.07% |
Valuation
Trailing PE 16.45 | Forward PE 8.37 | Enterprise Value 12873829877 | Price to Sales(TTM) 0.57 |
Enterprise Value 12873829877 | Price to Sales(TTM) 0.57 | ||
Enterprise Value to Revenue 0.6 | Enterprise Value to EBITDA - | Shares Outstanding 66093800 | Shares Floating 65713051 |
Shares Outstanding 66093800 | Shares Floating 65713051 | ||
Percent Insiders 0.23 | Percent Institutions 99.94 |
Upturn AI SWOT
Reinsurance Group of America

Company Overview
History and Background
Reinsurance Group of America (RGA) was founded in 1973 as a subsidiary of General American Life Insurance Company. It became an independent, publicly traded company in 1993. RGA has grown to become one of the largest global life and health reinsurance companies, expanding its services and geographical presence through organic growth and strategic acquisitions.
Core Business Areas
- Individual Life: Provides reinsurance for individual life insurance policies, including term life, universal life, and whole life.
- Group Life and Health: Offers reinsurance for group life, health, and disability products.
- Financial Solutions: Provides customized reinsurance solutions, including capital management and risk transfer.
- Asset Intensive: Focuses on reinsurance solutions for asset-intensive products, such as fixed annuities.
Leadership and Structure
Anna Manning is the current President and CEO. The company is structured with various business units responsible for different product lines and geographic regions, all overseen by a senior management team and a Board of Directors.
Top Products and Market Share
Key Offerings
- Group Life: Addresses the needs of employers who offer death, dismemberment, and dependent life insurance to employees. Competitors include Swiss Re, Munich Re, and Transamerica
- Health Reinsurance: Offers reinsurance services for health insurance products, focusing on medical stop-loss and other specialized health risks. Competitors include Swiss Re, Munich Re, and Canada Life Reinsurance.
- Traditional Life Reinsurance: RGA's core business, providing reinsurance for individual and group life insurance policies. Market share is significant, but difficult to pinpoint exactly due to the fragmented nature of the reinsurance market. Competitors include Swiss Re, Munich Re, and SCOR. Revenue from this sector is a major contributor to their total revenue.
- Asset Intensive: Designed for fixed annuities and other products with long-term financial commitments. Competitors include Swiss Re, Munich Re, and Athene Life Re.
- Financial Solutions: Customized reinsurance arrangements that address specific client needs, such as capital optimization and risk management. Market share varies depending on the specific solution and client. Competitors include Swiss Re, Munich Re, and Hannover Re.
Market Dynamics
Industry Overview
The reinsurance industry is characterized by consolidation, increasing competition, and evolving regulatory landscapes. Demand is driven by insurers seeking to manage risk, optimize capital, and enhance financial stability.
Positioning
RGA is a leading global life and health reinsurer, known for its underwriting expertise, financial strength, and client relationships. Its competitive advantages include its global reach, product diversification, and strong capital position.
Total Addressable Market (TAM)
The global reinsurance market is estimated at hundreds of billions of dollars annually. RGA's is well positioned with a strong brand reputation and global presence to continue to capture a significant portion of this TAM
Upturn SWOT Analysis
Strengths
- Strong global presence
- Diversified product portfolio
- Experienced management team
- Strong capital position
- Underwriting expertise
Weaknesses
- Exposure to mortality and morbidity risks
- Dependence on key client relationships
- Sensitivity to interest rate fluctuations
- Regulatory complexity
Opportunities
- Growth in emerging markets
- Increased demand for reinsurance solutions
- Expansion into new product lines
- Strategic acquisitions
- Technological advancements in risk assessment
Threats
- Intense competition
- Economic downturns
- Changes in regulatory requirements
- Unexpected mortality events (e.g., pandemics)
- Interest rate volatility
Competitors and Market Share
Key Competitors
- Swiss Re (SREN.SW)
- Munich Re (MUV2.DE)
- Hannover Re (HNR1.DE)
- SCOR SE (SCOR.PA)
- Canada Life Reinsurance (GWO.TO)
Competitive Landscape
RGA competes primarily on price, product offerings, and client service. RGA's strong capital position and underwriting expertise give it a competitive advantage.
Major Acquisitions
Aurora National Life Assurance Company
- Year: 2003
- Acquisition Price (USD millions): 655
- Strategic Rationale: To increase RGA's in-force business and expand its presence in the U.S. market.
Growth Trajectory and Initiatives
Historical Growth: RGA has experienced steady growth in revenue and earnings over the past decade, driven by organic expansion and strategic acquisitions.
Future Projections: Analysts expect RGA to continue to grow its revenue and earnings in the coming years, driven by increasing demand for reinsurance solutions. Projected Growth: Revenue: [5, 6, 7]; Earnings: [8, 9, 10]. (data as percent)
Recent Initiatives: Recent initiatives include expanding its presence in emerging markets, developing new reinsurance products, and investing in technology to improve risk assessment.
Summary
RGA is a strong company with a leading position in the global life and health reinsurance market. Its diversified product portfolio, experienced management team, and strong capital position provide a solid foundation for future growth. RGA needs to carefully manage its exposure to mortality risks, interest rate fluctuations, and regulatory changes to maintain its competitive advantage.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
The information provided is for informational purposes only and should not be considered as financial advice. Market share data are estimates and may vary depending on the source.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Reinsurance Group of America
Exchange NYSE | Headquaters Chesterfield, MO, United States | ||
IPO Launch date 1993-05-04 | President, CEO & Director Mr. Tony Cheng F.S.A. | ||
Sector Financial Services | Industry Insurance - Reinsurance | Full time employees 4100 | Website https://www.rgare.com |
Full time employees 4100 | Website https://www.rgare.com |
Reinsurance Group of America, Incorporated provides reinsurance and financial solutions. 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, as well as 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, the company develops and markets technology solutions; and offers consulting and outsourcing solutions for the insurance and reinsurance industries. It operates in the United States, Latin America, Canada, Europe, the Middle East, Africa, and the Asia Pacific. Reinsurance Group of America, Incorporated was founded in 1973 and is headquartered in Chesterfield, Missouri.

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