# Reinsurance Group of America, Incorporated (RGA) — Stock CV

Reinsurance Group of America, Incorporated is a $16.7B financial services company. Revenue grew 19.4% over the last year, and it keeps 6¢ of every dollar of sales as profit. It trades at 11.1× earnings — in the cheapest third of its own history.

> Reinsurance Group of America Inc is an insurance holding company with operations in the United States, Latin America, Canada, Europe, Africa, Asia, and Australia.

## Identity

- **Ticker**: RGA
- **Sector**: Financial Services
- **Industry**: Life Insurance
- **Headquarters**: CHESTERFIELD, MO
- **Employees**: 4 300
- **Website**: https://www.rgare.com
- **Market cap**: $16.7B
- **Last price**: $255.98
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $26.0B
- **Net income**: $1.51B
- **Free cash flow**: $2.98B
- **Net debt**: $1.20B
- **P/E**: 11.1
- **Revenue growth (YoY)**: 19.4%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 100 |
| Growth | 77 |
| Profitability | 49 |
| Health | 38 |
| Quality | 65 |
| Moat | 37 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +19.4% YoY
- [x] Profitable — $1.51B TTM
- [x] Profit growing — +32.3% YoY
- [x] Generates cash — $2.98B TTM
- [x] Debt under control — ~0.4y of cash flow to repay
- [x] Established company — $16.7B market cap
- [x] Not printing shares — -2.2% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 18/100
- [x] Pays a dividend — yield 1.46%
- [x] Valuation not extreme — P/E 11.1

## Experience (career milestones)

- **FY2020** — Became debt-free: cash now exceeds total debt
- **FY2017** — Best year on record: $1.82B net income
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $10B: $11.5B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak

## Strengths

- Revenue growing 19.4% year over year
- Interest covered 5.2× by operating earnings

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $16.7B | $617M | $4.16B |
| FY2022 | $16.3B | $623M | $1.32B |
| FY2023 | $18.6B | $902M | $4.04B |
| FY2024 | $22.1B | $717M | $9.37B |
| FY2025 | $23.7B | $1.18B | $4.09B |

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Source: https://stockcv.com/RGA — derived from company filings; may be delayed or incomplete. Information, not investment advice.