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 807.8% as of June 2026. Working capital of $111.35 Billion (current assets of $114.56 Billion minus current liabilities of $3.21 Billion) is measured against net assets of $13.78 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
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 June 2026, the ratio stands at 807.8%, reflecting working capital of $111.35 Billion against net assets of $13.78 Billion USD. Explore RGA strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
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 the complete balance sheet picture, see how large is Reinsurance Group of America's balance sheet.
| 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 | — |