Reinsurance Group of America (RGA) — Working Capital to Net Assets Ratio
Reinsurance Group of America (RGA) has a Working Capital to Net Assets ratio of 45.4% as of March 2026. Working capital of $6.07 Billion (current assets of $9.25 Billion minus current liabilities of $3.18 Billion) is measured against net assets of $13.38 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Reinsurance Group of America (RGA) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Reinsurance Group of America Working Capital to Net Assets (1996–2023)
This chart shows how Reinsurance Group of America's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1996 to 2023. As of March 2026, the ratio stands at 45.4%, reflecting working capital of $6.07 Billion against net assets of $13.38 Billion USD. Check tangible net worth ratio of Reinsurance Group of America to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Reinsurance Group of America (1996–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for Reinsurance Group of America from 1996 to 2023, covering 28 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Reinsurance Group of America (RGA) market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 118.2% | $10.84 Billion | $9.17 Billion | $6.50 Billion | $-4.34 Billion | ▲ +41.0 pp |
| 2022 | 77.3% | $5.54 Billion | $7.17 Billion | $5.94 Billion | $400.00 Million | ▼ -3.1 pp |
| 2021 | 80.3% | $68.64 Billion | $85.44 Billion | $69.25 Billion | $613.00 Million | ▼ -364.2 pp |
| 2020 | 444.5% | $63.80 Billion | $14.35 Billion | $64.19 Billion | $400.00 Million | ▲ +411.5 pp |
| 2019 | 33.0% | $3.83 Billion | $11.60 Billion | $4.39 Billion | $557.00 Million | ▼ -13.2 pp |
| 2018 | 46.2% | $3.91 Billion | $8.45 Billion | $56.52 Billion | $52.61 Billion | ▲ +13.3 pp |
| 2017 | 33.0% | $3.15 Billion | $9.57 Billion | $3.64 Billion | $488.74 Million | ▼ -27.9 pp |
| 2016 | 60.8% | $4.31 Billion | $7.09 Billion | $46.39 Billion | $42.08 Billion | ▲ +15.3 pp |
| 2015 | 45.5% | $2.79 Billion | $6.14 Billion | $43.84 Billion | $41.05 Billion | ▼ -12.1 pp |
| 2014 | 57.6% | $4.04 Billion | $7.02 Billion | $38.60 Billion | $34.56 Billion | ▲ +22.4 pp |
| 2013 | 35.2% | $2.09 Billion | $5.94 Billion | $2.36 Billion | $275.14 Million | ▲ +142.7 pp |
| 2012 | -107.5% | $-7.43 Billion | $6.91 Billion | $23.55 Billion | $30.98 Billion | ▼ -121.4 pp |
| 2011 | 13.9% | $808.26 Million | $5.82 Billion | $2.02 Billion | $1.21 Billion | ▼ -11.9 pp |
| 2010 | 25.8% | $1.30 Billion | $5.04 Billion | $1.50 Billion | $199.99 Million | ▼ -7.1 pp |
| 2009 | 32.9% | $1.27 Billion | $3.87 Billion | $1.38 Billion | $106.71 Million | ▼ -18.4 pp |
| 2008 | 51.3% | $1.34 Billion | $2.62 Billion | $1.52 Billion | $173.65 Million | ▲ +23.4 pp |
| 2007 | 27.9% | $890.19 Million | $3.19 Billion | $1.12 Billion | $231.39 Million | ▼ -1.4 pp |
| 2006 | 29.4% | $826.35 Million | $2.82 Billion | $855.74 Million | $29.38 Million | ▲ +2.8 pp |
| 2005 | 26.6% | $671.32 Million | $2.53 Billion | $796.93 Million | $125.61 Million | ▼ -14.6 pp |
| 2004 | 41.2% | $938.54 Million | $2.28 Billion | $994.62 Million | $56.08 Million | ▲ +450.5 pp |
| 2003 | -409.3% | $-8.62 Billion | $2.11 Billion | $989.47 Million | $9.61 Billion | ▲ +53.2 pp |
| 2002 | -462.5% | $-6.39 Billion | $1.38 Billion | $798.48 Million | $7.18 Billion | ▼ -29.7 pp |
| 2001 | -432.8% | $-4.88 Billion | $1.13 Billion | $528.68 Million | $5.41 Billion | ▲ +61.4 pp |
| 2000 | -494.2% | $-4.26 Billion | $862.92 Million | $662.26 Million | $4.93 Billion | ▼ -39.0 pp |
| 1999 | -455.2% | $-3.35 Billion | $736.71 Million | $853.35 Million | $4.21 Billion | ▲ +169.3 pp |
| 1998 | -624.5% | $-4.70 Billion | $752.22 Million | $764.54 Million | $5.46 Billion | ▲ +91.1 pp |
| 1997 | -715.6% | $-3.63 Billion | $507.60 Million | $434.63 Million | $4.07 Billion | ▼ -211.7 pp |
| 1996 | -503.9% | $-2.18 Billion | $432.40 Million | $183.09 Million | $2.36 Billion | — |