What is REINSURANCE GRP OF AMERICA INC's earnings per share (EPS)?

REINSURANCE GRP OF AMERICA INC (RZC) 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.

REINSURANCE GRP OF AMERICA INC Financials

RZC

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows REINSURANCE GRP OF AMERICA INC (RZC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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 RZC FY2025 2026-04-22

Asset growth has consistently run far ahead of internally generated cash, making external funding a core business mechanic.

Between FY2023 and FY2025, total assets expanded by $59.0B while operating cash flow stayed near $4.1B. The gap was bridged by financing inflows reaching $8.8B in FY2025, which says ongoing expansion has been balance-sheet-led rather than fully self-funded, despite net margin returning near 5.0%.

FY2025 long-term debt was only $5.7B, but total liabilities were $143.0B, so plain borrowing is only a small slice of the funding structure. That is why a seemingly moderate 0.4x debt-to-equity ratio can coexist with liabilities around 10.6x equity: standard debt metrics understate how liability-heavy the model really is.

Cash conversion was unusually uneven: operating cash flow fell back to $4.1B in FY2025 from $9.4B the year before, even as net income improved. That mismatch suggests balance-sheet movements matter more than reported profit alone in any single year, so earnings and cash flow are complementary rather than interchangeable signals.

Financial Health Signals

Financial Profile 30/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of REINSURANCE GRP OF AMERICA INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

REINSURANCE GRP OF AMERICA INC's revenue grew 7.2% year-over-year to $23.7B, a solid pace of expansion. This earns a growth score of 55/100.

Leverage

REINSURANCE GRP OF AMERICA INC carries a low D/E ratio of 0.42, meaning only $0.42 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Returns

REINSURANCE GRP OF AMERICA INC's ROE of 8.8% shows moderate profitability relative to equity, earning a score of 30/100. This is up from 6.6% the prior year.

Piotroski F-Score Neutral

6/9

REINSURANCE GRP OF AMERICA INC passes 6 of 9 financial strength tests. 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 GRP OF AMERICA INC 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

$23.7B

YoY+7.2%

5Y CAGR+10.2%

10Y CAGR+8.6%

REINSURANCE GRP OF AMERICA INC generated $23.7B in revenue in fiscal year 2025. This represents an increase of 7.2% from the prior year.

EBITDA

N/A

Net Income

$1.2B

YoY+64.9%

5Y CAGR+23.3%

10Y CAGR+8.9%

REINSURANCE GRP OF AMERICA INC reported $1.2B in net income in fiscal year 2025. This represents an increase of 64.9% from the prior year.

EPS (Diluted)

$17.69

YoY+64.9%

5Y CAGR+22.9%

10Y CAGR+9.0%

REINSURANCE GRP OF AMERICA INC earned $17.69 per diluted share (EPS) in fiscal year 2025. This represents an increase of 64.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$4.2B

YoY+25.3%

5Y CAGR+7.2%

10Y CAGR+10.6%

REINSURANCE GRP OF AMERICA INC held $4.2B in cash against $5.7B in long-term debt as of fiscal year 2025.

Dividends Per Share

$3.64

YoY+4.6%

5Y CAGR+4.9%

10Y CAGR+10.0%

REINSURANCE GRP OF AMERICA INC paid $3.64 per share in dividends in fiscal year 2025. This represents an increase of 4.6% from the prior year.

Shares Outstanding

66M

YoY-0.7%

5Y CAGR-0.7%

10Y CAGR+0.1%

REINSURANCE GRP OF AMERICA INC had 66M shares outstanding in fiscal year 2025. This represents a decrease of 0.7% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

5.0%

YoY+1.8pp

5Y CAGR+2.1pp

10Y CAGR+0.2pp

REINSURANCE GRP OF AMERICA INC's net profit margin was 5.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.8 percentage points from the prior year.

Return on Equity

8.8%

YoY+2.2pp

5Y CAGR+5.9pp

10Y CAGR+0.6pp

REINSURANCE GRP OF AMERICA INC's ROE was 8.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$174.0M

YoY+544.4%

5Y CAGR+1.3%

10Y CAGR-7.6%

REINSURANCE GRP OF AMERICA INC spent $174.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 544.4% from the prior year.

Capital Expenditures

N/A

RZC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$23.7B+7.2%	$22.1B+19.1%	$18.6B+14.4%	$16.2B-2.6%	$16.7B+14.2%	$14.6B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$366.0M+20.4%	$304.0M+18.3%	$257.0M+34.6%	$191.0M+37.4%	$139.0M-18.2%	$170.0M
Income Tax	$351.0M+37.1%	$256.0M+2.0%	$251.0M+27.4%	$197.0M-8.4%	$215.0M+55.8%	$138.0M
Net Income	$1.2B+64.9%	$717.0M-20.5%	$902.0M+44.8%	$623.0M+1.0%	$617.0M+48.7%	$415.0M
EPS (Diluted)	$17.69+64.9%	$10.73-20.2%	$13.44+75.9%	$7.64-55.4%	$17.13+171.5%	$6.31

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$6.5B-2.1%	$6.6B+6.9%	$6.2B+10.8%	$5.6B+6.4%	$5.3B+0.4%	$5.2B-7.3%	$5.7B+15.8%	$4.9B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$99.0M	N/A	$98.0M+8.9%	$90.0M+12.5%	$80.0M	N/A	$78.0M+8.3%	$72.0M
Income Tax	$110.0M	N/A	$65.0M-59.4%	$160.0M+97.5%	$81.0M	N/A	$56.0M-13.8%	$65.0M
Net Income	$330.0M-29.0%	$465.0M+83.8%	$253.0M+40.6%	$180.0M-37.1%	$286.0M+90.7%	$150.0M-3.8%	$156.0M-23.2%	$203.0M
EPS (Diluted)	$4.98-28.6%	$6.97+82.9%	$3.81+41.1%	$2.70-36.8%	$4.27+92.3%	$2.22-4.7%	$2.33-23.1%	$3.03

RZC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$156.6B+31.9%	$118.7B+21.6%	$97.6B+15.0%	$84.9B-8.6%	$92.9B+9.8%	$84.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$4.2B+25.3%	$3.3B+12.0%	$3.0B+1.5%	$2.9B0.0%	$2.9B-0.7%	$2.9B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	$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
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
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
Total Equity	$13.5B+24.5%	$10.8B+19.1%	$9.1B+28.2%	$7.1B-13.4%	$8.2B-43.0%	$14.4B
Retained Earnings	$10.2B+9.7%	$9.3B+5.1%	$8.8B+7.8%	$8.2B-4.6%	$8.6B+5.1%	$8.1B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$164.1B+4.8%	$156.6B+3.0%	$152.0B+13.9%	$133.5B+4.1%	$128.2B+8.0%	$118.7B-1.3%	$120.3B+9.4%	$109.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$5.0B+19.8%	$4.2B-9.9%	$4.6B-14.6%	$5.4B+5.1%	$5.2B+54.9%	$3.3B-36.0%	$5.2B+13.0%	$4.6B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$150.7B+5.3%	$143.0B+3.0%	$138.9B+14.5%	$121.3B+4.0%	$116.7B+8.3%	$107.8B-1.2%	$109.0B+9.0%	$100.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$6.1B+6.9%	$5.7B-0.4%	$5.7B0.0%	$5.7B0.0%	$5.7B+13.7%	$5.0B-0.5%	$5.1B0.0%	$5.1B
Total Equity	$13.3B-1.2%	$13.5B+3.7%	$13.0B+7.7%	$12.1B+5.7%	$11.4B+5.4%	$10.8B-2.8%	$11.1B+14.3%	$9.7B
Retained Earnings	$10.4B+2.2%	$10.2B+4.0%	$9.8B+2.0%	$9.6B+1.3%	$9.4B+2.0%	$9.3B+1.0%	$9.2B+1.0%	$9.1B

RZC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$4.1B-56.3%	$9.4B+131.7%	$4.0B+201.1%	$1.3B-67.9%	$4.2B+25.9%	$3.3B
Capital Expenditures	N/A	N/A	N/A	$25.0M+31.6%	$19.0M-32.1%	$28.0M
Free Cash Flow	N/A	N/A	N/A	$1.3B-68.3%	$4.2B+26.4%	$3.3B
Investing Cash Flow	-$12.1B+3.6%	-$12.5B-208.5%	-$4.1B+28.5%	-$5.7B-22.9%	-$4.6B-72.7%	-$2.7B
Financing Cash Flow	$8.8B+140.3%	$3.7B+4593.6%	$78.0M-98.2%	$4.4B+22080.0%	$20.0M-98.4%	$1.3B
Dividends Paid	$240.0M+4.8%	$229.0M+4.6%	$219.0M+6.8%	$205.0M+5.7%	$194.0M+6.6%	$182.0M
Share Buybacks	$174.0M+544.4%	$27.0M-88.1%	$227.0M+180.2%	$81.0M-18.2%	$99.0M-39.3%	$163.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$2.9B-139.2%	$7.3B+840.4%	-$990.0M-20.7%	-$820.0M+42.6%	-$1.4B-108.3%	$17.1B+1706.4%	-$1.1B-10.3%	-$967.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$3.7B-13.1%	-$3.3B+45.1%	-$6.0B-405.7%	-$1.2B+30.6%	-$1.7B+59.3%	-$4.2B-244.8%	-$1.2B+65.1%	-$3.5B
Financing Cash Flow	$1.7B-16.1%	$2.0B-52.8%	$4.2B+678.9%	$540.0M-73.9%	$2.1B+159.3%	$797.0M+24.7%	$639.0M-47.6%	$1.2B
Dividends Paid	$61.0M0.0%	$61.0M0.0%	$61.0M+3.4%	$59.0M0.0%	$59.0M+1.7%	$58.0M-1.7%	$59.0M+5.4%	$56.0M
Share Buybacks	$94.0M+54.1%	$61.0M-18.7%	$75.0M	$0-100.0%	$38.0M+3700.0%	$1.0M-85.7%	$7.0M+133.3%	$3.0M

RZC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	5.0%+1.8pp	3.2%-1.6pp	4.9%+1.0pp	3.8%+0.1pp	3.7%+0.9pp	2.8%
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%
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%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.42-0.0	0.47-0.0	0.49-0.1	0.56+0.1	0.45+0.2	0.25
FCF Margin	N/A	N/A	N/A	8.1%-16.9pp	25.0%+2.4pp	22.6%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	5.1%-1.9pp	7.0%+2.9pp	4.1%+0.9pp	3.2%-2.2pp	5.4%+2.6pp	2.9%+0.1pp	2.8%-1.4pp	4.2%
Return on Equity	2.5%-1.0pp	3.5%+1.5pp	1.9%+0.5pp	1.5%-1.0pp	2.5%+1.1pp	1.4%-0.0pp	1.4%-0.7pp	2.1%
Return on Assets	0.2%-0.1pp	0.3%+0.1pp	0.2%+0.0pp	0.1%-0.1pp	0.2%+0.1pp	0.1%0.0pp	0.1%-0.1pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.46+0.0	0.42-0.0	0.44-0.0	0.48-0.0	0.50+0.0	0.47+0.0	0.46-0.1	0.52
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is REINSURANCE GRP OF AMERICA INC's annual revenue?

REINSURANCE GRP OF AMERICA INC (RZC) 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 GRP OF AMERICA INC's revenue growing?

REINSURANCE GRP OF AMERICA INC (RZC) revenue grew by 7.2% year-over-year, from $22.1B to $23.7B in fiscal year 2025.

Is REINSURANCE GRP OF AMERICA INC profitable?

Yes, REINSURANCE GRP OF AMERICA INC (RZC) reported a net income of $1.2B in fiscal year 2025, with a net profit margin of 5.0%.

How much debt does REINSURANCE GRP OF AMERICA INC have?

As of fiscal year 2025, REINSURANCE GRP OF AMERICA INC (RZC) had $4.2B in cash and equivalents against $5.7B in long-term debt.

What is REINSURANCE GRP OF AMERICA INC's net profit margin?

REINSURANCE GRP OF AMERICA INC (RZC) 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 GRP OF AMERICA INC pay dividends?

Yes, REINSURANCE GRP OF AMERICA INC (RZC) paid $3.64 per share in dividends during fiscal year 2025.

What is REINSURANCE GRP OF AMERICA INC's return on equity (ROE)?

REINSURANCE GRP OF AMERICA INC (RZC) 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 GRP OF AMERICA INC's operating cash flow?

REINSURANCE GRP OF AMERICA INC (RZC) generated $4.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are REINSURANCE GRP OF AMERICA INC's total assets?

REINSURANCE GRP OF AMERICA INC (RZC) had $156.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Does REINSURANCE GRP OF AMERICA INC buy back shares?

Yes, REINSURANCE GRP OF AMERICA INC (RZC) spent $174.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does REINSURANCE GRP OF AMERICA INC have outstanding?

REINSURANCE GRP OF AMERICA INC (RZC) had 66M shares outstanding as of fiscal year 2025.

What is REINSURANCE GRP OF AMERICA INC's debt-to-equity ratio?

REINSURANCE GRP OF AMERICA INC (RZC) 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 GRP OF AMERICA INC's return on assets (ROA)?

REINSURANCE GRP OF AMERICA INC (RZC) 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 GRP OF AMERICA INC's Piotroski F-Score?

REINSURANCE GRP OF AMERICA INC (RZC) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. 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 GRP OF AMERICA INC's earnings high quality?

REINSURANCE GRP OF AMERICA INC (RZC) 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.

How financially healthy is REINSURANCE GRP OF AMERICA INC?

REINSURANCE GRP OF AMERICA INC (RZC) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.