Reinsurance Group of America (RGA)

REINSURANCE GROUP • Aspire Health Management Solutions Holding RSC Ltd. • Aurora National Life Assurance Company • Aurora Real Estate Investments LLC • Bonhomme Financing LLC • Bueller Financing LLC • Castlewood Financial LLC • Castlewood Reinsurance Company • Chesterfield Reinsurance Company • Gateway Ridge LLC ...

IRS number

431627032

RGA stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$247.75

Low target

$233.00

High target

$264.00

Latest filings (excl ownership)

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8-K

Entry into a Material Definitive Agreement

3 Mar 25

8-K

Departure of Directors or Certain Officers

28 Feb 25

424B2

Prospectus for primary offering

27 Feb 25

FWP

Free writing prospectus

26 Feb 25

424B5

Prospectus supplement for primary offering

25 Feb 25

8-K

RGA Announces Reinsurance Transaction with Equitable Holdings

Reinsurance Group of America Reports Fourth Quarter and Full Year Results

1 Nov 24

Reinsurance Group of America Reports Record Third Quarter Results

31 Oct 24

Transcripts

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RGA

Earnings call transcript

2024 Q4

7 Feb 25

RGA

Earnings call transcript

2024 Q3

1 Nov 24

RGA

Earnings call transcript

2024 Q2

2 Aug 24

RGA

Earnings call transcript

2024 Q1

3 May 24

RGA

Earnings call transcript

2023 Q4

2 Feb 24

RGA

Earnings call transcript

2023 Q3

3 Nov 23

RGA

Earnings call transcript

2023 Q2

4 Aug 23

RGA

Earnings call transcript

2023 Q2

4 Aug 23

RGA

Earnings call transcript

2023 Q1

5 May 23

RGA

Earnings call transcript

2022 Q4

3 Feb 23

Latest ownership filings

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Financial summary

Financial statements Chart RGA financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	3.33 bn	3.33 bn	3.33 bn	3.33 bn	3.33 bn	3.33 bn
Cash burn (monthly)	623.00 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	1.48 bn	n/a	n/a	n/a	n/a	n/a
Cash remaining	1.85 bn	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	3.0	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

RGA institutional ownership history Ownership history

98.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	611	603	+1.3%
Opened positions	79	72	+9.7%
Closed positions	71	76	-6.6%
Increased positions	239	232	+3.0%
Reduced positions	209	224	-6.7%

13F shares	Current	Prev Q	Change
Total value	12.96 tn	12.84 tn	+0.9%
Total shares	65.27 mm	63.40 mm	+2.9%
Total puts	9.00 k	19.40 k	-53.6%
Total calls	60.60 k	68.50 k	-11.5%
Total put/call ratio	0.1	0.3	-47.6%

Largest owners	Shares	Value	Change
BlackRock	7.73 mm	$1.65 tn	+1.1%
Vanguard	7.21 mm	$1.54 tn	+0.7%
FMR	5.64 mm	$1.21 tn	+11.1%
Earnest Partners	2.54 mm	$542.03 bn	-1.7%
WCM Investment Management	2.48 mm	$526.91 bn	+1.4%
STT State Street	2.32 mm	$496.60 bn	+4.2%
Harris Associates L P	2.01 mm	$428.49 bn	-2.9%
American Century Investment Management	1.74 mm	$0.00	0.0%
BAC Bank of America	1.47 mm	$313.81 bn	-9.5%
MS Morgan Stanley	1.28 mm	$274.14 bn	-6.2%

Largest transactions	Shares	Bought/sold	Change
Alliancebernstein	1.12 mm	+893.54 k	+389.4%
Norges Bank	814.88 k	+814.88 k	NEW
FMR	5.64 mm	+564.69 k	+11.1%
Adage Capital Partners GP, L.L.C.	100.00 k	-430.00 k	-81.1%
ZFSVF Zurich Insurance	0.00	-401.69 k	EXIT
Rockefeller Capital Management	956.19 k	-360.51 k	-27.4%
Balyasny Asset Management	0.00	-288.21 k	EXIT
Toroso Investments	285.37 k	+281.32 k	+6944.4%
Citadel Advisors	342.01 k	+273.74 k	+400.9%
IVZ Invesco	944.64 k	+241.67 k	+34.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

RGA insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
6 Mar 25	Raymond Kleeman	Restricted Share Unit - March 2025 Common Stock	Grant	Acquire A	No	No	193	925	178.53 k	925
6 Mar 25	Raymond Kleeman	Stock Appreciation Right (right to purchase) 2025 Common Stock	Grant	Acquire A	No	No	193	2,526	487.52 k	2,526
6 Mar 25	Brooks Mark J	Restricted Share Unit - March 2025 Common Stock	Grant	Acquire A	No	No	193	920	177.56 k	920
6 Mar 25	Brooks Mark J	Stock Appreciation Right (right to purchase) 2025 Common Stock	Grant	Acquire A	No	No	193	2,513	485.01 k	2,513
6 Mar 25	Arthur Ozeki	Restricted Share Unit - March 2025 Common Stock	Grant	Acquire A	No	No	193	696	134.33 k	696
6 Mar 25	Arthur Ozeki	Stock Appreciation Right (right to purchase) 2025 Common Stock	Grant	Acquire A	No	No	193	1,900	366.70 k	1,900
6 Mar 25	John W. Hayden	Restricted Share Unit - March 2025 Common Stock	Grant	Acquire A	No	No	193	370	71.41 k	370
6 Mar 25	John W. Hayden	Stock Appreciation Right (right to purchase) 2025 Common Stock	Grant	Acquire A	No	No	193	1,009	194.74 k	1,009
6 Mar 25	Simon Wainwright	Restricted Share Unit - March 2025 Common Stock	Grant	Acquire A	No	No	193	563	108.66 k	563
6 Mar 25	Simon Wainwright	Stock Appreciation Right (right to purchase) 2025 Common Stock	Grant	Acquire A	No	No	193	1,539	297.03 k	1,539