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RZC Financials REINSURANCE GROUP OF AMERICA INC

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 10.2% per year over the past 5 years.
  • Net income has grown faster than revenue (23.3% vs 10.2% per year).
  • Free cash flow has declined 7.4% per year over the past 5 years.

Financial health

  • Total debt ($5.7B) exceeds cash ($4.2B); net debt is $1.5B.
  • Total debt has grown in line with revenue (9.8% vs 10.2% per year).

Shareholder returns

  • Dividends have been paid for 15 consecutive years, consuming 20.3% of earnings.
  • The dividend has grown 5.7% per year over the past 5 years.
Revenue & net income
$0 $12B $24B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 7% 15% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $2B $4B 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $3B $6B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$13B -$2B $9B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $23.7B $1.2B 0.0% 0.0% — $5.7B $4.2B
2024 $22.1B $717M 0.0% 0.0% — $5.0B $3.3B
2023 $18.6B $902M 0.0% 0.0% — $4.4B $3.0B
2022 $16.2B $623M 0.0% 0.0% $1.3B $4.0B $2.9B
2021 $16.7B $617M 0.0% 0.0% $4.2B $3.7B $2.9B
2020 $14.6B $415M 0.0% 0.0% $3.3B $3.6B $2.9B
2019 $14.3B $870M 0.0% 0.0% $2.3B $3.0B $3.4B
2018 $12.9B $716M 0.0% 0.0% $1.6B $2.8B $1.4B
2017 $12.5B $1.8B 0.0% 0.0% $1.9B $2.8B $1.3B
2016 $11.5B $701M 0.0% 0.0% $1.4B $3.1B $1.2B
2015 $10.4B $502M 0.0% 0.0% $2.1B $2.3B $1.5B
2014 $10.9B $684M 0.0% 0.0% $2.2B $2.3B $1.6B
2013 $10.3B $419M 0.0% 0.0% $1.7B $2.2B $924M
2012 $9.8B $632M 0.0% 0.0% $2.0B $1.8B $1.3B
2011 $8.8B $546M 0.0% 0.0% — $1.4B $963M

Valuation over time

How the market has priced RZC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 1.4 2.8 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.1 0.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 7.1 14.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is RZC growing its revenue and profit?

Over the past 5 years, REINSURANCE GROUP OF AMERICA INC's revenue has grown 10.2% per year, and net income grown 23.3% per year. These are computed facts, not advice.

How much debt does RZC have?

As of FY2025, REINSURANCE GROUP OF AMERICA INC reported $5.7B of total debt against $4.2B of cash.

What is RZC's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin 5.0%.

What is RZC's P/E ratio?

As of Jun '26, REINSURANCE GROUP OF AMERICA INC traded at a price-to-earnings ratio of about 1.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.