Reinsurance Group of America RGA
United StatesFinancial Services · Insurance - ReinsuranceUSD
276.89 USD (+10.1%)
9 analysts
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Reinsurance Group of America (RGA) is a global life and health reinsurer that assumes risks from primary insurers in exchange for premiums, diversifying its portfolio across geographies and lines of business.
Key points
from its scores- ✓Strong growth9.0
- ✓Favourable backdrop8.6
- ✓Good share-price trend8.1
- ✕Little competitive advantage4.4
- ✕Fragile balance sheet4.5
AI analysis
bottom line, main risk, context and newsValuation is reasonable and growth is solid, but low return on assets and dependence on the insurance cycle warrant caution.
RGA shows exceptional earnings growth (159.6%) and attractive valuation (P/E 11.08, forward 8.44), with an ROE of 11.69% and operating margin of 10.64%. Momentum is strong (31.83% over 12 months) and financial health is adequate, although ROA (0.95%) is low, typical of the reinsurance sector.
The main risk is exposure to catastrophic claims or pandemics that could hit the life and health reinsurance business, as well as sensitivity to regulatory changes in the markets where it operates.
Context and risks
RGA is a US-based life and health reinsurer. Its business does not depend on commodities or shipping routes, and its balance sheet does not show material exposure to short-term interest rates that would justify an adjustment for the current macro context. The main risk is regulatory and market-specific to the insurance sector, already reflected in its base risk profile.
Is Reinsurance Group of America stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 27% below the Financial Services median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 11.1 | 13.7 | −19% |
| EV / EBITDA | 7.2 | 10.1 | −29% |
| Price / book | 1.2 | 1.9 | −35% |
| Price / sales | 0.6 | 3.5 | −82% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.6 out of 10 (median for Financial Services: 5.2).
Average analyst target: 276.89 USD, +10.1% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 4.5 (sector 5.5), Growth 9.0 (sector 6.9).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Financial Services medianValuation
- P/E
- 11.1
- Forward P/E
- 8.4
- EV / EBITDA
- 7.2
- Price / book
- 1.2
- Price / sales
- 0.6
- PEG
- 1.14
- Market cap
- 16.4B USD
- Enterprise value
- 16.6B USD
Profitability
- ROE
- 11.7%
- ROA
- 0.9%
- ROIC (approx.)
- 14.2%
- Gross margin
- 14.1%
- Operating margin
- 10.6%
- Net margin
- 5.8%
- Free cash flow
- 9.8B USD
- FCF yield
- 59.9%
- Cash conversion
- 425%
Solvency
- Total debt
- 5.7B USD
- Net debt
- 43.0M USD
- Cash
- 5.7B USD
- EBITDA
- 2.3B USD
- Net debt / EBITDA
- 0.02
- Debt / equity
- 41.42
- Current ratio
- 1.17
- Quick ratio
- 0.65
Growth
- Revenue growth
- +18.5%
- Earnings growth
- +159.6%
- EPS (TTM)
- 22.71 USD
- EPS (forward)
- 29.79 USD
Dividend
- Dividend yield
- 1.6%
- Payout
- 16.4%
Risk and market
- Beta
- 0.45
- Analyst consensus
- Buy (9)
- Target price
- 276.89 USD
- 52-week range
- 178.21 – 257.81
Recent news
All RGA news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about Reinsurance Group of America
Is Reinsurance Group of America stock cheap or expensive?
On P/E and Price / book, it trades 27% below the Financial Services median on average. Valuation score: 6.6 out of 10 (median for Financial Services: 5.2). Average analyst target: 276.89 USD, +10.1% versus the price. This is not investment advice.
What score does Reinsurance Group of America get on MeridIAn Screener?
It scores 6.3 out of 10, rank 760 of 2,130 (better than 63% of the companies analysed). Its strongest category is Growth (9.0) and its weakest, Quality / Moat (4.4). Analysis of 08/10/2026.
What is Reinsurance Group of America's P/E ratio?
Its P/E is 11.1: the share price equals 11.1 times earnings per share over the last 12 months. The Financial Services median is 13.7. Based on the earnings analysts expect, the forward P/E is 8.4.
How much is Reinsurance Group of America worth on the stock market?
Its market capitalisation is 16.4B USD.
Does Reinsurance Group of America pay a dividend?
Yes: its dividend yield is 1.56% and it pays out 16% of its earnings.
How has Reinsurance Group of America stock performed over the last year?
It has risen 33.3% over the last year, excluding dividends. Over the last 52 weeks it has traded between 178.21 and 257.81 USD. Past performance does not guarantee future results.
What do analysts think of Reinsurance Group of America?
9 analysts cover it; their average recommendation is “Buy” and their average target is 276.89 USD (+10.1% versus the price). It is an estimate, not market data.