Reinsurance Group of America (RGA)
Reinsures life and health risks while providing asset-intensive and capital solutions.
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Reinsures individual and group life and health coverage and provides asset-intensive, longevity, pension-risk-transfer, and capital solutions worldwide. Revenue comes from treaty premiums, financial-solutions fees, and investment income, while results depend on underwriting, policyholder behavior, markets, ratings, and regulatory capital.
Reinsures individual and group life and health coverage, including disability, long-term care, and critical illness, while also providing asset-intensive, longevity, pension-risk-transfer, stable-value, and capital solutions.
Operations span the U.S. and Latin America, Canada, Europe, the Middle East and Africa, and Asia Pacific, with traditional reinsurance and financial solutions organized within those regions.
Combines actuarial pricing, underwriting, investment management, and transaction execution to assume long-duration risks from insurers and acquire selected in-force blocks. Revenue comes from treaty premiums, financial-solutions fees, and investment income.
Results depend on mortality and morbidity experience, policyholder behavior, credit and investment performance, interest rates, financial-strength ratings, regulatory capital, counterparties, technology resilience, and integration of large transactions.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 24, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $208 | Target: $250 |
| Aug 19, 2026 | Wells Fargo | Reiterate | Rating: —Target: $238 | Target: $291 |
| Aug 7, 2026 | Barclays | Reiterate | Rating: —Target: $278 | Target: $290 |
| Jul 8, 2026 | UBS | Reiterate | Rating: —Target: $220 | Target: $236 |
| Jul 7, 2026 | Barclays | Reiterate | Rating: —Target: $268 | Target: $278 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $5.67B · Total debt $5.71B · Total assets $167.12B · Shareholders' equity $13.69B
- Revenue
- $6.64B
- Operating income
- $605.0M
- Net income
- $462.0M
HistoryDividendAnnual yield
| Institutions | 99.83% | 65.40M shares | |
|---|---|---|---|
| 638 holders · as of Jun 30, 2026 | |||
| Insiders | 0.27% | 178.7K shares | |
| 19 holders · as of Sep 4, 2026 | |||
| Strategic holders | 5.70% | 3.73M shares | |
| 1 holder · as of Feb 4, 2022 | |||
| Adds to | 105.80% | ||
65.51M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 105.80%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 10.40% | 6.81M | as of Jun 30, 2026 |
FMR LLCInstitution | 9.04% | 5.92M | as of Jun 30, 2026 |
Harris Associates L PInstitution | 7.15% | 4.68M | as of Jun 30, 2026 |
American Century Companies, Inc.Strategic | 5.70% | 3.73M | filed Feb 4, 2022 |
Vanguard Portfolio Management LLCInstitution | 5.33% | 3.49M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 12, 2026 | Jonathan Porter | officer: EVP, Global Chief Risk Officer | −8,589 | $246.30 |
| May 20, 2026 | John W. Hayden | officer: EVP, Controller | −414 | $214.95 |
| May 14, 2026 | Ronald Herrmann | officer: Executive Vice President | −7,000 | $210.58 |
Not reported.