Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) Financials

RZB

Trailing 12 months to March 31, 2026

Revenue $24.9B +18.6% YoY

Net Income $1.2B +54.5% YoY

EPS (Diluted) $18.46 +55.8% YoY

Operating Cash Flow $2.6B -80.6% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 8, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 8, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RZB SEC filings page.

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) reported $24.9B in revenue over the twelve months to Mar 31, 2026, up 18.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI RZB FY2025 2026-08-30

Liability-funded asset growth is the dominant mechanic, while returns recover and cash conversion weakens.

Net income rose from $717M in FY2024 to $1.18B in FY2025, but operating cash flow fell from $9.37B to $4.09B. That divergence means reported profitability and cash generation were driven by different moving parts, rather than improving in lockstep.

Assets and liabilities both expanded by roughly 32% from FY2024 to FY2025, while equity grew 24.5%; the larger balance sheet was therefore funded predominantly through additional obligations. The reported debt-to-equity ratio still declined from 0.5x to 0.4x, indicating long-term debt did not explain all of the liability growth.

Net margin expanded from 3.2% to 5.0%, showing that more revenue reached net income in FY2025. Return on assets improved from 0.6% to 0.8%, so the recovery extended across the substantially larger asset base rather than reflecting margin movement alone.

Financial Health Signals

Financial health score not available

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

6/7

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

3.46x

For every $1 of reported earnings, Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 generates $3.46 in operating cash flow ($4.1B OCF vs $1.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$6.5B

YoY+23.5%

QoQ-2.1%

5Y CAGR+9.5%

10Y CAGR+10.0%

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 generated $6.5B in revenue in Q1 2026. This represents an increase of 23.5% from the same quarter a year earlier. Against the prior quarter it is down 2.1%.

Net Income

$330.0M

YoY+15.4%

QoQ-29.0%

5Y CAGR+18.9%

10Y CAGR+15.7%

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 reported $330.0M in net income in Q1 2026. This represents an increase of 15.4% from the same quarter a year earlier. Against the prior quarter it is down 29.0%.

EPS (Diluted)

$4.98

YoY+16.6%

QoQ-28.6%

5Y CAGR+19.7%

10Y CAGR+15.6%

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 earned $4.98 per diluted share (EPS) in Q1 2026. This represents an increase of 16.6% from the same quarter a year earlier. Against the prior quarter it is down 28.6%.

EBITDA

Not reported for Q1 2026.

Cash & Balance Sheet

Cash & Debt

$5.0B

YoY-3.1%

QoQ+19.8%

5Y CAGR+9.8%

10Y CAGR+12.8%

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 held $5.0B in cash against $6.1B in long-term debt as of Q1 2026.

Dividends Per Share

$0.93

YoY+4.5%

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 paid $0.93 per share in dividends in Q1 2026. This represents an increase of 4.5% from the same quarter a year earlier.

Shares Outstanding

66M

YoY-0.9%

QoQ-0.1%

5Y CAGR-0.7%

10Y CAGR+0.2%

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 had 66M shares outstanding in Q1 2026. This represents a decrease of 0.9% from the same quarter a year earlier. Against the prior quarter it is down 0.1%.

Free Cash Flow

Not reported for Q1 2026.

Margins & Returns

Net Margin

5.1%

YoY-0.4pp

QoQ-1.9pp

5Y change+1.7pp

10Y change+2.0pp

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056's net profit margin was 5.1% in Q1 2026, showing the share of revenue converted to profit. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.9 percentage points.

Return on Equity

2.5%

YoY0.0pp

QoQ-1.0pp

5Y change+1.3pp

10Y change+1.3pp

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056's ROE was 2.5% in Q1 2026, measuring profit generated per dollar of shareholder equity. That is unchanged from the same quarter a year earlier. Against the prior quarter it is down 1.0 percentage points.

Gross Margin

Not reported for Q1 2026.

Operating Margin

Not reported for Q1 2026.

Capital Allocation

Share Buybacks

$94.0M

YoY+147.4%

QoQ+54.1%

5Y CAGR+148.1%

10Y CAGR-1.2%

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 spent $94.0M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 147.4% from the same quarter a year earlier. Against the prior quarter it is up 54.1%.

R&D Spending

Not reported for Q1 2026.

Capital Expenditures

Not reported for Q1 2026.

RZB Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

RZB quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$24.9B	$23.7B+7.2%	$22.1B+19.1%	$18.6B+14.4%	$16.2B-2.6%	$16.7B+14.2%	$14.6B+2.1%	$14.3B+11.1%	$12.9B+2.9%	$12.5B+8.6%	$11.5B+10.6%	$10.4B-4.5%	$10.9B+5.7%	$10.3B+4.9%	$9.8B+11.5%	$8.8B
Interest Expense	N/A	$366.0M+20.4%	$304.0M+18.3%	$257.0M+34.6%	$191.0M+37.4%	$139.0M-18.2%	$170.0M-1.7%	$173.0M+17.7%	$147.0M+0.7%	$146.0M+6.1%	$137.6M-3.7%	$142.9M+47.7%	$96.7M-22.2%	$124.3M+18.0%	$105.3M+2.6%	$102.6M
Income Tax	N/A	$351.0M+37.1%	$256.0M+2.0%	$251.0M+27.4%	$197.0M-8.4%	$215.0M+55.8%	$138.0M-47.3%	$262.0M+101.5%	$130.0M+119.1%	-$679.0M-298.2%	$342.5M+41.2%	$242.6M-25.2%	$324.5M+49.9%	$216.4M-24.7%	$287.3M+32.1%	$217.5M
Net Income	$1.2B	$1.2B+64.9%	$717.0M-20.5%	$902.0M+44.8%	$623.0M+1.0%	$617.0M+48.7%	$415.0M-52.3%	$870.0M+21.5%	$716.0M-60.7%	$1.8B+159.8%	$701.4M+39.7%	$502.2M-26.6%	$684.0M+63.3%	$418.8M-33.7%	$631.9M+15.7%	$546.0M
EPS (Basic)	N/A	$17.94+64.6%	$10.90-19.9%	$13.60+75.9%	$7.73-55.2%	$17.26+171.8%	$6.35-54.3%	$13.88+23.4%	$11.25-60.2%	$28.28+159.2%	$10.91+44.5%	$7.55-23.6%	$9.88+69.8%	$5.82-32.1%	$8.57+15.5%	$7.42
EPS (Diluted)	$18.46	$17.69+64.9%	$10.73-20.2%	$13.44+75.9%	$7.64	$17.13	$6.31-53.7%	$13.62+23.8%	$11.00-60.3%	$27.71+156.8%	$10.79+44.6%	$7.46-23.7%	$9.78+69.2%	$5.78-32.2%	$8.52+15.6%	$7.37
Diluted Shares (Avg)	N/A	67M-0.1%	67M-0.3%	67M-0.9%	68M	68M	66M+3.0%	64M-1.8%	65M-1.0%	66M+1.2%	65M-3.4%	67M-3.8%	70M-3.4%	72M-2.3%	74M+0.1%	74M

Metric	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-Q	Q4'2410-K	Q3'2410-K	Q2'2410-K
Revenue	$6.5B+23.5%	$6.6B+26.6%	$6.2B+9.8%	$5.6B+14.8%	$5.3B-17.0%	$5.2B+4.7%	$5.7B+9.7%	$4.9B+17.4%
Interest Expense	$99.0M+23.8%	N/A	$98.0M+25.6%	$90.0M+25.0%	$80.0M+17.6%	N/A	$78.0M+8.3%	$72.0M+14.3%
Income Tax	$110.0M+35.8%	N/A	$65.0M+16.1%	$160.0M+146.2%	$81.0M+35.0%	N/A	$56.0M-38.5%	$65.0M+12.1%
Net Income	$330.0M+15.4%	$465.0M+210.0%	$253.0M+62.2%	$180.0M-11.3%	$286.0M+36.2%	$150.0M-6.3%	$156.0M-45.6%	$203.0M-1.0%
EPS (Basic)	$5.04+16.4%	$7.07+212.8%	$3.85+62.4%	$2.72-11.4%	$4.33+35.3%	$2.26-5.8%	$2.37-45.4%	$3.07-0.6%
EPS (Diluted)	$4.98+16.6%	$6.97+214.0%	$3.81+63.5%	$2.70-10.9%	$4.27+35.1%	$2.22-6.3%	$2.33-45.7%	$3.03-0.7%
Diluted Shares (Avg)	66M-1.5%	N/A	67M0.0%	67M0.0%	67M0.0%	N/A	67M0.0%	67M-1.5%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.

RZB Balance Sheet

RZB quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$156.6B+31.9%	$118.7B+21.6%	$97.6B+15.0%	$84.9B-8.6%	$92.9B+9.8%	$84.7B+10.3%	$76.7B+18.9%	$64.5B+6.6%	$60.5B+14.0%	$53.1B+5.4%	$50.4B+12.8%	$44.7B+12.6%	$39.7B-1.7%	$40.4B+27.6%	$31.6B
Cash & Equivalents	$4.2B+25.3%	$3.3B+12.0%	$3.0B+1.5%	$2.9B0.0%	$2.9B-0.7%	$2.9B-13.5%	$3.4B+135.2%	$1.4B+11.1%	$1.3B+8.6%	$1.2B-21.3%	$1.5B-7.3%	$1.6B+78.2%	$923.6M-26.7%	$1.3B+30.8%	$962.9M
Goodwill	N/A	N/A	N/A	$7.0M0.0%	$7.0M0.0%	$7.0M0.0%	$7.0M0.0%	$7.0M0.0%	$7.0M0.0%	$7.0M0.0%	$7.0M0.0%	$7.0M0.0%	$7.0M0.0%	$7.0M0.0%	$7.0M
Total Liabilities	$143.0B+32.7%	$107.8B+21.8%	$88.5B+13.8%	$77.7B-1.8%	$79.2B+12.6%	$70.3B+7.9%	$65.1B+16.1%	$56.1B+10.1%	$50.9B+10.7%	$46.0B+4.0%	$44.2B+17.6%	$37.6B+11.5%	$33.7B+0.9%	$33.5B+29.6%	$25.8B
Long-Term Debt	$5.7B+13.2%	$5.0B+13.9%	$4.4B+11.8%	$4.0B+8.0%	$3.7B+2.6%	$3.6B+19.9%	$3.0B+6.9%	$2.8B0.0%	$2.8B-9.7%	$3.1B+34.4%	$2.3B0.0%	$2.3B+3.8%	$2.2B+22.0%	$1.8B+28.3%	$1.4B
Total Equity	$13.5B+24.5%	$10.8B+19.1%	$9.1B+28.2%	$7.1B-13.4%	$8.2B-43.0%	$14.4B+23.7%	$11.6B+37.3%	$8.4B-11.7%	$9.6B+34.9%	$7.1B+15.6%	$6.1B-12.6%	$7.0B+18.3%	$5.9B-14.1%	$6.9B+18.8%	$5.8B
Retained Earnings	$10.2B+9.7%	$9.3B+5.1%	$8.8B+7.8%	$8.2B-4.6%	$8.6B+5.1%	$8.1B+2.5%	$8.0B+9.2%	$7.3B+8.1%	$6.7B+29.6%	$5.2B+12.5%	$4.6B+9.0%	$4.2B+15.8%	$3.7B+9.0%	$3.4B+19.1%	$2.8B

Metric	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-Q	Q4'2410-K	Q3'2410-K	Q2'2410-K
Total Assets	$164.1B+28.0%	$156.6B+31.9%	$152.0B+26.4%	$133.5B+21.5%	$128.2B+21.0%	$118.7B+21.6%	$120.3B+37.6%	$109.9B+23.4%
Cash & Equivalents	$5.0B-3.1%	$4.2B+25.3%	$4.6B-11.0%	$5.4B+17.8%	$5.2B-13.2%	$3.3B+12.0%	$5.2B+84.2%	$4.6B+76.9%
Total Liabilities	$150.7B+29.1%	$143.0B+32.7%	$138.9B+27.4%	$121.3B+21.3%	$116.7B+21.0%	$107.8B+21.8%	$109.0B+37.6%	$100.1B+23.3%
Long-Term Debt	$6.1B+6.5%	$5.7B+13.2%	$5.7B+13.2%	$5.7B+13.2%	$5.7B+29.5%	$5.0B+13.9%	$5.1B+13.9%	$5.1B+4.5%
Total Equity	$13.3B+16.6%	$13.5B+24.5%	$13.0B+16.6%	$12.1B+23.8%	$11.4B+20.4%	$10.8B+19.1%	$11.1B+38.0%	$9.7B+24.7%
Retained Earnings	$10.4B+9.9%	$10.2B+9.7%	$9.8B+6.4%	$9.6B+5.4%	$9.4B+5.7%	$9.3B+5.1%	$9.2B+5.2%	$9.1B+7.0%

Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities.

RZB Cash Flow Statement

RZB quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$2.6B	$4.1B-56.3%	$9.4B+131.7%	$4.0B+201.1%	$1.3B-67.9%	$4.2B+25.9%	$3.3B+44.0%	$2.3B+45.9%	$1.6B-20.2%	$2.0B+35.2%	$1.5B-29.8%	$2.1B-10.6%	$2.3B+35.3%	$1.7B-12.5%	$2.0B+50.8%	$1.3B
Depreciation & Amortization	N/A	$43.0M-6.5%	$46.0M+12.2%	$41.0M+7.9%	$38.0M-11.6%	$43.0M-12.2%	$49.0M0.0%	$49.0M+8.9%	$45.0M-15.1%	$53.0M+97.4%	$26.9M-13.7%	$31.1M+103.2%	$15.3M-98.6%	$1.1B-8.8%	$1.2B+33.1%	$895.8M
Stock-Based Compensation	N/A	$42.0M-30.0%	$60.0M+30.4%	$46.0M+2.2%	$45.0M-18.2%	$55.0M+558.3%	-$12.0M-130.8%	$39.0M+30.0%	$30.0M+36.4%	$22.0M-33.5%	$33.1M+106.9%	$16.0M-34.4%	$24.4M+20.2%	$20.3M-28.8%	$28.5M+23.4%	$23.1M
Capital Expenditures	N/A	N/A	N/A	N/A	$25.0M+31.6%	$19.0M-32.1%	$28.0M-17.6%	$34.0M+17.2%	$29.0M-34.1%	$44.0M-1.4%	$44.6M+89.5%	$23.6M-73.3%	$88.4M	$0	$0	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	$1.3B-68.3%	$4.2B+26.4%	$3.3B+44.9%	$2.3B+46.5%	$1.6B-19.9%	$1.9B+36.4%	$1.4B-31.2%	$2.1B-8.1%	$2.2B+30.1%	$1.7B-12.5%	$2.0B	N/A
Investing Cash Flow	-$14.1B	-$12.1B+3.6%	-$12.5B-208.5%	-$4.1B+28.5%	-$5.7B-22.9%	-$4.6B-72.7%	-$2.7B-1.6%	-$2.6B-314.1%	-$637.0M+60.4%	-$1.6B+43.1%	-$2.8B-97.4%	-$1.4B-9.2%	-$1.3B+1.8%	-$1.3B+32.2%	-$2.0B-117.3%	-$905.8M
Financing Cash Flow	$8.4B	$8.8B+140.3%	$3.7B+4593.6%	$78.0M-98.2%	$4.4B+22080.0%	$20.0M-98.4%	$1.3B+1136.4%	-$121.0M+62.4%	-$322.0M+0.6%	-$324.0M-130.7%	$1.1B+249.0%	-$708.3M-177.2%	-$255.6M+62.5%	-$681.2M-341.6%	$281.9M+176.4%	$102.0M
Dividends Paid	$242.0M	$240.0M+4.8%	$229.0M+4.6%	$219.0M+6.8%	$205.0M+5.7%	$194.0M+6.6%	$182.0M+11.7%	$163.0M+16.4%	$140.0M+19.7%	$117.0M+16.6%	$100.4M+7.5%	$93.4M+7.0%	$87.3M+12.4%	$77.6M+25.3%	$61.9M+40.1%	$44.2M
Share Buybacks	$230.0M	$174.0M+544.4%	$27.0M-88.1%	$227.0M+180.2%	$81.0M-18.2%	$99.0M-39.3%	$163.0M+61.4%	$101.0M-66.3%	$300.0M+581.8%	$44.0M-64.2%	$122.9M-68.0%	$384.5M+90.8%	$201.5M-25.1%	$269.2M+3788.0%	$6.9M-98.2%	$380.3M

Metric	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-Q	Q4'2410-K	Q3'2410-K	Q2'2410-K
Operating Cash Flow	-$2.9B-101.0%	$7.3B-57.2%	-$990.0M+7.2%	-$820.0M+15.2%	-$1.4B+75.1%	$17.1B+149.8%	-$1.1B-6.7%	-$967.0M-296.3%
Stock-Based Compensation	$21.0M+200.0%	N/A	N/A	N/A	$7.0M+16.7%	N/A	N/A	N/A
Investing Cash Flow	-$3.7B-118.1%	-$3.3B+21.4%	-$6.0B-393.1%	-$1.2B+65.9%	-$1.7B+54.4%	-$4.2B-182.4%	-$1.2B-1060.6%	-$3.5B-341.4%
Financing Cash Flow	$1.7B-19.4%	$2.0B+149.1%	$4.2B+558.2%	$540.0M-55.7%	$2.1B+105.7%	$797.0M+128.4%	$639.0M+200.0%	$1.2B+1045.7%
Dividends Paid	$61.0M+3.4%	$61.0M+5.2%	$61.0M+3.4%	$59.0M+5.4%	$59.0M+5.4%	$58.0M+3.6%	$59.0M+5.4%	$56.0M+3.7%
Share Buybacks	$94.0M+147.4%	$61.0M+6000.0%	$75.0M+971.4%	$0-100.0%	$38.0M+137.5%	$1.0M-98.3%	$7.0M-86.0%	$3.0M-94.2%

Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow.

RZB Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

RZB quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Net Margin	5.0%+1.8pp	3.2%-1.6pp	4.9%+1.0pp	3.8%+0.1pp	3.7%+0.9pp	2.8%-3.2pp	6.1%+0.5pp	5.6%-9.0pp	14.6%+8.5pp	6.1%+1.3pp	4.8%-1.5pp	6.3%+2.2pp	4.1%-2.4pp	6.4%+0.2pp	6.2%
Return on Equity	8.8%+2.2pp	6.6%-3.3pp	9.9%+1.1pp	8.8%+1.3pp	7.5%+4.7pp	2.9%-4.6pp	7.5%-1.0pp	8.5%-10.6pp	19.0%+9.2pp	9.9%+1.7pp	8.2%-1.6pp	9.7%+2.7pp	7.1%-2.1pp	9.1%-0.2pp	9.4%
Return on Assets	0.8%+0.1pp	0.6%-0.3pp	0.9%+0.2pp	0.7%+0.1pp	0.7%+0.2pp	0.5%-0.6pp	1.1%0.0pp	1.1%-1.9pp	3.0%+1.7pp	1.3%+0.3pp	1.0%-0.5pp	1.5%+0.5pp	1.1%-0.5pp	1.6%-0.2pp	1.7%
Debt-to-Equity	0.420.0x	0.470.0x	0.49-0.1x	0.56+0.1x	0.45+0.2x	0.250.0x	0.26-0.1x	0.330.0x	0.29-0.1x	0.44+0.1x	0.370.0x	0.330.0x	0.37+0.1x	0.260.0x	0.24
Asset Turnover	0.150.0x	0.190.0x	0.190.0x	0.190.0x	0.180.0x	0.170.0x	0.190.0x	0.200.0x	0.210.0x	0.220.0x	0.210.0x	0.240.0x	0.260.0x	0.240.0x	0.28
FCF Margin	N/A	N/A	N/A	8.1%-16.9pp	25.0%+2.4pp	22.6%+6.7pp	15.9%+3.9pp	12.0%-3.4pp	15.5%+3.1pp	12.3%-7.5pp	19.8%-0.8pp	20.6%+3.9pp	16.7%-3.3pp	20.1%	N/A

Metric	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-Q	Q4'2410-K	Q3'2410-K	Q2'2410-K
Net Margin	5.1%-0.4pp	7.0%+4.1pp	4.1%+1.3pp	3.2%-1.0pp	5.4%+2.1pp	2.9%-0.3pp	2.8%-2.8pp	4.2%-0.8pp
Return on Equity	2.5%0.0pp	3.5%+2.1pp	1.9%+0.5pp	1.5%-0.6pp	2.5%+0.3pp	1.4%-0.4pp	1.4%-2.2pp	2.1%-0.5pp
Return on Assets	0.2%0.0pp	0.3%+0.2pp	0.2%0.0pp	0.1%-0.1pp	0.2%0.0pp	0.1%0.0pp	0.1%-0.2pp	0.2%-0.1pp
Debt-to-Equity	0.460.0x	0.420.0x	0.440.0x	0.480.0x	0.500.0x	0.470.0x	0.46-0.1x	0.52-0.1x
Asset Turnover	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.050.0x	0.040.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Where Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 Ranks

Frequently Asked Questions

What is Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056's annual revenue?

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) reported $23.7B in total revenue for fiscal year 2025. This represents a 7.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056's revenue growing?

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) revenue grew by 7.2% year-over-year, from $22.1B to $23.7B in fiscal year 2025.

Is Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 profitable?

Yes, Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) reported a net income of $1.2B in fiscal year 2025, with a net profit margin of 5.0%.

What is Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056's earnings per share (EPS)?

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) reported diluted earnings per share of $17.69 for fiscal year 2025. This represents a 64.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 have?

As of fiscal year 2025, Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) had $4.2B in cash and equivalents against $5.7B in long-term debt.

What is Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056's net profit margin?

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) had a net profit margin of 5.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 pay dividends?

Yes, Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) paid $3.64 per share in dividends during fiscal year 2025.

What is Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056's return on equity (ROE)?

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) has a return on equity of 8.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056's operating cash flow?

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) generated $4.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056's total assets?

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) had $156.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 buy back shares?

Yes, Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) spent $174.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 have outstanding?

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) had 66M shares outstanding as of fiscal year 2025.

What is Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056's debt-to-equity ratio?

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) had a debt-to-equity ratio of 0.42 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056's return on assets (ROA)?

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) had a return on assets of 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056's Piotroski F-Score?

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056's earnings high quality?

Reinsurance Group of America, Incorporated 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056 (RZB) has an earnings quality ratio of 3.46x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.