Reinsurance Group of America Inc (RZB) - Net Assets
Based on the latest financial reports, Reinsurance Group of America Inc (RZB) has net assets worth $13.55 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 ($143.04 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 Reinsurance Group of America Inc liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $13.55 Billion |
| % of Total Assets | 8.65% |
| Annual Growth Rate | 12.85% |
| 5-Year Change | -84.14% |
| 10-Year Change | 91.05% |
| Growth Volatility | 114.05 |
Reinsurance Group of America Inc - Net Assets Trend (1993–2025)
This chart illustrates how Reinsurance Group of America Inc's net assets have evolved over time, based on quarterly financial data. Also explore how large is Reinsurance Group of America Inc's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Reinsurance Group of America Inc (1993–2025)
The table below shows the annual net assets of Reinsurance Group of America Inc from 1993 to 2025. For live valuation and market cap data, see RZB market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $13.55 Billion | +24.25% |
| 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 | -81.01% |
| 2013-12-31 | $36.98 Billion | +435.08% |
| 2012-12-31 | $6.91 Billion | +12.60% |
| 2011-12-31 | $6.14 Billion | +21.75% |
| 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 Inc'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 Comprehensive Income | $-4.69 Billion | -34.86% |
| Other Components | $8.00 Billion | 59.44% |
| Total Equity | $13.46 Billion | 100.00% |
Reinsurance Group of America Inc Competitors by Market Cap
The table below lists competitors of Reinsurance Group of America Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shunsin Technology Holdings Ltd
TW:6451
|
$1.59 Billion |
|
Jiangsu Expressway Company Limited
F:JE2
|
$1.59 Billion |
|
Diversified Healthcare Trust
NASDAQ:DHC
|
$1.59 Billion |
|
Doosan Pref Shs
KO:000155
|
$1.59 Billion |
|
Companhia Siderúrgica Nacional
SA:CSNA3
|
$1.58 Billion |
|
Zhejiang Grandwall Electric Science&Technology Co Ltd Class A
SHG:603897
|
$1.58 Billion |
|
Jingjin Environmental Protection Co Ltd
SHG:603279
|
$1.58 Billion |
|
Jenoptik AG
F:JEN
|
$1.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Reinsurance Group of America Inc'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 1,182,000,000 contributed positively to equity growth.
- Dividend payments of 240,000,000 reduced retained earnings.
- Share repurchases of 174,000,000 reduced equity.
- Other comprehensive income decreased equity by 5,541,000,000.
- Other factors increased equity by 7,418,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.18 Billion | +8.78% |
| Dividends Paid | $240.00 Million | -1.78% |
| Share Repurchases | $174.00 Million | -1.29% |
| Other Comprehensive Income | $-5.54 Billion | -41.16% |
| Other Changes | $7.42 Billion | +55.11% |
| Total Change | $- | 24.45% |
Book Value vs Market Value Analysis
This analysis compares Reinsurance Group of America Inc'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: 0.13x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.04x to 0.13x 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 | $8.30 | $25.22 | x |
| 1994-12-31 | $7.45 | $25.22 | x |
| 1995-12-31 | $10.17 | $25.22 | x |
| 1996-12-31 | $11.30 | $25.22 | x |
| 1997-12-31 | $13.20 | $25.22 | x |
| 1998-12-31 | $17.67 | $25.22 | x |
| 1999-12-31 | $15.93 | $25.22 | x |
| 2000-12-31 | $17.33 | $25.22 | x |
| 2001-12-31 | $22.55 | $25.22 | x |
| 2002-12-31 | $27.77 | $25.22 | x |
| 2003-12-31 | $40.87 | $25.22 | x |
| 2004-12-31 | $36.15 | $25.22 | x |
| 2005-12-31 | $39.69 | $25.22 | x |
| 2006-12-31 | $44.64 | $25.22 | x |
| 2007-12-31 | $49.66 | $25.22 | x |
| 2008-12-31 | $40.09 | $25.22 | x |
| 2009-12-31 | $52.75 | $25.22 | x |
| 2010-12-31 | $67.48 | $25.22 | x |
| 2011-12-31 | $82.81 | $25.22 | x |
| 2012-12-31 | $93.19 | $25.22 | x |
| 2013-12-31 | $81.91 | $25.22 | x |
| 2014-12-31 | $100.39 | $25.22 | x |
| 2015-12-31 | $91.18 | $25.22 | x |
| 2016-12-31 | $109.14 | $25.22 | x |
| 2017-12-31 | $145.54 | $25.22 | x |
| 2018-12-31 | $129.81 | $25.22 | x |
| 2019-12-31 | $181.60 | $25.22 | x |
| 2020-12-31 | $218.12 | $25.22 | x |
| 2021-12-31 | $1250.98 | $25.22 | x |
| 2022-12-31 | $104.59 | $25.22 | x |
| 2023-12-31 | $135.34 | $25.22 | x |
| 2024-12-31 | $161.43 | $25.22 | x |
| 2025-12-31 | $200.91 | $25.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Reinsurance Group of America Inc 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): 8.78%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.99%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 11.63x
- Recent ROE (8.78%) is above the historical average (8.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 12.05% | 7.73% | 0.35x | 4.41x | $5.79 Million |
| 1994 | 14.09% | 7.68% | 0.38x | 4.86x | $11.72 Million |
| 1995 | 12.29% | 7.08% | 0.34x | 5.17x | $8.82 Million |
| 1996 | 12.74% | 6.64% | 0.29x | 6.69x | $11.86 Million |
| 1997 | 10.76% | 5.10% | 0.23x | 9.21x | $3.84 Million |
| 1998 | 8.25% | 4.62% | 0.21x | 8.39x | $-13.14 Million |
| 1999 | 5.55% | 2.54% | 0.31x | 6.95x | $-32.81 Million |
| 2000 | 9.00% | 4.50% | 0.28x | 7.02x | $-8.62 Million |
| 2001 | 2.93% | 1.68% | 0.28x | 6.22x | $-79.73 Million |
| 2002 | 8.89% | 5.16% | 0.27x | 6.44x | $-15.26 Million |
| 2003 | 8.22% | 5.45% | 0.26x | 5.75x | $-37.46 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 | 5.23x | $-14.09 Million |
| 2012 | 9.14% | 6.43% | 0.24x | 5.84x | $-59.13 Million |
| 2013 | 7.06% | 4.06% | 0.26x | 6.68x | $-174.72 Million |
| 2014 | 9.74% | 6.27% | 0.24x | 6.36x | $-18.30 Million |
| 2015 | 8.18% | 4.82% | 0.21x | 8.21x | $-111.37 Million |
| 2016 | 9.89% | 6.09% | 0.22x | 7.49x | $-7.87 Million |
| 2017 | 19.04% | 14.56% | 0.21x | 6.32x | $865.23 Million |
| 2018 | 8.47% | 5.56% | 0.20x | 7.65x | $-129.21 Million |
| 2019 | 7.50% | 6.08% | 0.19x | 6.54x | $-290.10 Million |
| 2020 | 2.89% | 2.84% | 0.17x | 5.90x | $-1.02 Billion |
| 2021 | 0.72% | 3.71% | 0.18x | 1.08x | $-7.93 Billion |
| 2022 | 7.30% | 3.19% | 0.20x | 11.61x | $-191.10 Million |
| 2023 | 9.93% | 4.86% | 0.19x | 10.75x | $-6.10 Million |
| 2024 | 6.63% | 3.24% | 0.19x | 10.97x | $-364.60 Million |
| 2025 | 8.78% | 4.99% | 0.15x | 11.63x | $-164.10 Million |
Industry Comparison
This section compares Reinsurance Group of America Inc's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Reinsurance Group of America Inc (RZB) | $13.55 Billion | 12.05% | 10.56x | $1.58 Billion |
| Advent Technologies Holdings Inc (ADNWW) | $214.11 Million | -0.26% | 0.04x | $27.37 |
| AmpliTech Group Inc (AMPGW) | $28.76 Million | -2.35% | 0.28x | $744.71 |
| Arko Corp (ARKOW) | $70.14 Million | -4.09% | 3.26x | $24.10 |
| Aris Mining Corporation (ARMN) | $196.23 Million | -2.37% | 2.32x | $3.93 Billion |
| Aberdeen Standard Global Infrastructure Income Fund (ASGI) | $482.92 Million | 1.71% | 0.01x | $472.62 Million |
| Atlas Corp (ATCOL) | $862.33 Million | -1.21% | 1.99x | $242.80K |
| Auddia Inc (AUUDW) | $9.41 Million | -232.98% | 0.02x | $377.11 |
| BriaCell Therapeutics Corp (BCTXW) | $9.33 Million | -3.95% | 0.01x | $8.22 |
| Blaize Holdings, Inc. Warrants (BZAIW) | $-70.54 Million | 0.00% | 0.00x | $4.00 Million |
| Churchill Capital Corp IX Warrant (CCIXW) | $288.99 Million | 3.04% | 0.04x | $14.04 Million |
About Reinsurance Group of America Inc
Reinsurance Group of America, Incorporated provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia. It offers individual and group life and health, disability, long-term care, and critical illness reinsurance; and financial solutions, such as asset-intensive reinsurance, longevity reinsurance, stab… Read more