Reinsurance Group of America (RGA) - Net Assets
Based on the latest financial reports, Reinsurance Group of America (RGA) has net assets worth $13.46 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($156.59 Billion) and total liabilities ($143.13 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check RGA asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $13.46 Billion |
| % of Total Assets | 8.6% |
| Annual Growth Rate | 12.83% |
| 5-Year Change | -84.25% |
| 10-Year Change | 89.78% |
| Growth Volatility | 87.55 |
Reinsurance Group of America - Net Assets Trend (1993–2025)
This chart illustrates how Reinsurance Group of America's net assets have evolved over time, based on quarterly financial data. Also explore Reinsurance Group of America assets under control for the complete picture of this company's asset base.
Annual Net Assets for Reinsurance Group of America (1993–2025)
The table below shows the annual net assets of Reinsurance Group of America from 1993 to 2025. For live valuation and market cap data, see Reinsurance Group of America stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $13.46 Billion | +23.43% |
| 2024-12-31 | $10.91 Billion | +18.92% |
| 2023-12-31 | $9.17 Billion | +27.89% |
| 2022-12-31 | $7.17 Billion | -91.61% |
| 2021-12-31 | $85.44 Billion | +495.33% |
| 2020-12-31 | $14.35 Billion | +23.71% |
| 2019-12-31 | $11.60 Billion | +37.28% |
| 2018-12-31 | $8.45 Billion | -11.69% |
| 2017-12-31 | $9.57 Billion | +34.91% |
| 2016-12-31 | $7.09 Billion | +15.61% |
| 2015-12-31 | $6.14 Billion | -12.64% |
| 2014-12-31 | $7.02 Billion | +18.33% |
| 2013-12-31 | $5.94 Billion | -14.10% |
| 2012-12-31 | $6.91 Billion | +18.76% |
| 2011-12-31 | $5.82 Billion | +15.44% |
| 2010-12-31 | $5.04 Billion | +30.32% |
| 2009-12-31 | $3.87 Billion | +47.81% |
| 2008-12-31 | $2.62 Billion | -17.96% |
| 2007-12-31 | $3.19 Billion | +13.30% |
| 2006-12-31 | $2.82 Billion | +11.39% |
| 2005-12-31 | $2.53 Billion | +10.90% |
| 2004-12-31 | $2.28 Billion | +8.22% |
| 2003-12-31 | $2.11 Billion | +52.54% |
| 2002-12-31 | $1.38 Billion | +22.47% |
| 2001-12-31 | $1.13 Billion | +30.64% |
| 2000-12-31 | $862.92 Million | +17.13% |
| 1999-12-31 | $736.71 Million | -2.06% |
| 1998-12-31 | $752.22 Million | +48.19% |
| 1997-12-31 | $507.60 Million | +17.39% |
| 1996-12-31 | $432.40 Million | +12.37% |
| 1995-12-31 | $384.80 Million | +34.17% |
| 1994-12-31 | $286.80 Million | +1.31% |
| 1993-12-31 | $283.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Reinsurance Group of America's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 54475.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $10.15 Billion | 75.41% |
| Common Stock | $1.00 Million | 0.01% |
| Other Components | $3.31 Billion | 24.58% |
| Total Equity | $13.46 Billion | 100.00% |
Reinsurance Group of America Competitors by Market Cap
The table below lists competitors of Reinsurance Group of America ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LTIMindtree Limited
NSE:LTM
|
$13.69 Billion |
|
HDFC Life Insurance Company Limited
NSE:HDFCLIFE
|
$13.69 Billion |
|
Union Bank of India
NSE:UNIONBANK
|
$13.70 Billion |
|
SK Telecom Co Ltd ADR
NYSE:SKM
|
$13.71 Billion |
|
Gjensidige Forsikring ASA
OL:GJF
|
$13.66 Billion |
|
CVC Capital Partners PLC
AS:CVC
|
$13.65 Billion |
|
Ecopro BM. Co. Ltd
KQ:247540
|
$13.64 Billion |
|
Lynas Rare EARTHS Ltd
AU:LYC
|
$13.63 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Reinsurance Group of America's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,816,000,000 to 13,461,000,000, a change of 2,645,000,000 (24.5%).
- Net income of 1,189,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 849,000,000.
- Other factors increased equity by 3,492,811,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.19 Million | +0.01% |
| Other Comprehensive Income | $-849.00 Million | -6.31% |
| Other Changes | $3.49 Billion | +25.95% |
| Total Change | $- | 24.45% |
Book Value vs Market Value Analysis
This analysis compares Reinsurance Group of America's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.03x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 25.47x to 1.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $8.19 | $208.68 | x |
| 1994-12-31 | $7.19 | $208.68 | x |
| 1995-12-31 | $9.96 | $208.68 | x |
| 1996-12-31 | $11.12 | $208.68 | x |
| 1997-12-31 | $12.99 | $208.68 | x |
| 1998-12-31 | $17.59 | $208.68 | x |
| 1999-12-31 | $15.85 | $208.68 | x |
| 2000-12-31 | $17.33 | $208.68 | x |
| 2001-12-31 | $20.11 | $208.68 | x |
| 2002-12-31 | $24.59 | $208.68 | x |
| 2003-12-31 | $37.80 | $208.68 | x |
| 2004-12-31 | $36.15 | $208.68 | x |
| 2005-12-31 | $39.69 | $208.68 | x |
| 2006-12-31 | $44.64 | $208.68 | x |
| 2007-12-31 | $49.66 | $208.68 | x |
| 2008-12-31 | $40.09 | $208.68 | x |
| 2009-12-31 | $52.75 | $208.68 | x |
| 2010-12-31 | $67.48 | $208.68 | x |
| 2011-12-31 | $82.81 | $208.68 | x |
| 2012-12-31 | $93.19 | $208.68 | x |
| 2013-12-31 | $81.91 | $208.68 | x |
| 2014-12-31 | $100.39 | $208.68 | x |
| 2015-12-31 | $91.18 | $208.68 | x |
| 2016-12-31 | $109.14 | $208.68 | x |
| 2017-12-31 | $145.54 | $208.68 | x |
| 2018-12-31 | $129.81 | $208.68 | x |
| 2019-12-31 | $181.60 | $208.68 | x |
| 2020-12-31 | $218.12 | $208.68 | x |
| 2021-12-31 | $190.54 | $208.68 | x |
| 2022-12-31 | $104.59 | $208.68 | x |
| 2023-12-31 | $135.34 | $208.68 | x |
| 2024-12-31 | $161.67 | $208.68 | x |
| 2025-12-31 | $201.72 | $208.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Reinsurance Group of America utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.02%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 11.63x
- Recent ROE (0.01%) is below the historical average (6.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 12.20% | 7.73% | 0.35x | 4.47x | $6.16 Million |
| 1994 | 14.60% | 7.68% | 0.38x | 5.04x | $12.72 Million |
| 1995 | 12.55% | 7.08% | 0.34x | 5.28x | $9.61 Million |
| 1996 | 12.95% | 7.14% | 0.27x | 6.80x | $12.54 Million |
| 1997 | 10.94% | 5.58% | 0.21x | 9.36x | $4.67 Million |
| 1998 | 8.29% | 4.62% | 0.21x | 8.44x | $-12.77 Million |
| 1999 | 5.57% | 2.54% | 0.31x | 6.99x | $-32.44 Million |
| 2000 | 9.00% | 4.50% | 0.28x | 7.02x | $-8.62 Million |
| 2001 | 3.28% | 1.68% | 0.28x | 6.98x | $-67.56 Million |
| 2002 | 10.05% | 5.16% | 0.27x | 7.27x | $556.00K |
| 2003 | 8.89% | 5.40% | 0.26x | 6.22x | $-21.63 Million |
| 2004 | 9.74% | 5.49% | 0.29x | 6.16x | $-6.01 Million |
| 2005 | 8.87% | 4.89% | 0.28x | 6.41x | $-28.57 Million |
| 2006 | 10.24% | 5.55% | 0.27x | 6.76x | $6.67 Million |
| 2007 | 9.21% | 5.14% | 0.26x | 6.77x | $-25.15 Million |
| 2008 | 6.76% | 3.11% | 0.26x | 8.28x | $-84.88 Million |
| 2009 | 4.57% | 3.11% | 0.23x | 6.53x | $-210.00 Million |
| 2010 | 0.01% | 6.95% | 0.00x | 5.77x | $-503.48 Million |
| 2011 | 9.77% | 6.79% | 0.28x | 5.15x | $-14.09 Million |
| 2012 | 0.01% | 6.42% | 0.00x | 5.84x | $-690.39 Million |
| 2013 | 0.01% | 4.06% | 0.00x | 6.68x | $-593.13 Million |
| 2014 | 0.01% | 6.27% | 0.00x | 6.36x | $-701.66 Million |
| 2015 | 0.01% | 4.82% | 0.00x | 8.21x | $-613.04 Million |
| 2016 | 0.01% | 6.09% | 0.00x | 7.49x | $-708.61 Million |
| 2017 | 0.02% | 14.56% | 0.00x | 6.32x | $-955.13 Million |
| 2018 | 0.01% | 5.56% | 0.00x | 7.65x | $-844.34 Million |
| 2019 | 7.50% | 6.08% | 0.19x | 6.61x | $-290.10 Million |
| 2020 | 2.89% | 2.84% | 0.17x | 5.90x | $-1.02 Billion |
| 2021 | 4.74% | 3.70% | 0.18x | 7.08x | $-684.40 Million |
| 2022 | 7.30% | 3.26% | 0.19x | 11.99x | $-191.10 Million |
| 2023 | 9.93% | 4.90% | 0.19x | 10.75x | $-6.10 Million |
| 2024 | 6.63% | 3.25% | 0.19x | 10.97x | $-364.60 Million |
| 2025 | 0.01% | 5.02% | 0.00x | 11.63x | $-1.34 Billion |
Industry Comparison
This section compares Reinsurance Group of America's net assets metrics with peer companies in the Insurance - Reinsurance industry.
Industry Context
- Industry: Insurance - Reinsurance
- Average net assets among peers: $2,570,789,571
- Average return on equity (ROE) among peers: -2.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Reinsurance Group of America (RGA) | $13.46 Billion | 12.20% | 10.63x | $13.66 Billion |
| Everest Group Ltd (EG) | $6.97 Billion | 18.07% | 1.84x | $13.56 Billion |
| Greenlight Capital Re Ltd (GLRE) | $845.70 Million | 0.80% | 1.77x | $480.14 Million |
| Hamilton Insurance Group, Ltd. (HG) | $1.66 Billion | -5.89% | 2.50x | $2.04 Billion |
| Maiden Holdings Ltd (MHLD) | $2.62 Billion | 1.59% | 0.13x | $114.64 Million |
| Oxbridge Re Holdings Ltd (OXBR) | $14.99 Million | -11.65% | 0.11x | $7.45 Million |
| Renaissancere Holdings Ltd (RNR) | $3.80 Billion | 0.76% | 1.10x | $12.69 Billion |
| Siriuspoint Ltd (SPNT) | $2.08 Billion | -18.57% | 4.30x | $2.41 Billion |
About Reinsurance Group of America
Reinsurance Group of America, Incorporated provides reinsurance and financial solutions. It offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products; and othe… Read more