Reinsurance Group of America, Incorporated (RGA) Balance Sheet: Assets & Liabilities

Reinsurance Group of America, Incorporated (RGA) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Reinsurance Group of America, Incorporated reported total assets of $156.59B and total liabilities of $143.04B. Shareholders' equity was $13.46B, up 24.5% from $10.82B a year earlier. Total debt stood at $5.71B against $4.17B in cash and short-term investments, a net debt position of $1.54B. That puts debt-to-equity at 0.42, compared with 0.47 a year earlier.

Reinsurance Group of America, Incorporated Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Reinsurance Group of America, Incorporated (RGA) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	4.17	3.33	2.97	2.93	2.95	3.41	1.45	1.89	1.30
Short-Term Investments	0.00	0.00	60.69	53.06	60.84	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	4.17	3.33	63.66	55.98	63.78	3.41	1.45	1.89	1.30
Accounts Receivable	4.48	3.90	5.45	2.67	2.58	2.84	2.94	3.02	2.34
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Current Assets	8.64	7.22	6.50	5.94	5.84	6.25	4.39	4.91	3.64
Non-Current Assets
Property, Plant & Equipment (Net)	0.48	0.45	0.28	0.27	0.27	0.29	0.30	0.30	0.30
Long-Term Investments	130.48	98.04	2.64	2.33	2.00	72.40	66.56	54.21	51.69
Goodwill	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.01	0.01
Intangible Assets	0.01	0.01	0.02	0.03	0.04	0.02	0.03	0.03	0.20
Other Non-Current Assets	16.98	12.95	11.80	8.06	7.52	5.69	5.46	5.08	4.67
Total Non-Current Assets	147.95	111.45	91.13	78.96	86.34	78.41	72.34	59.63	56.87
Total Assets	156.59	118.68	97.62	84.90	92.18	84.66	76.73	64.54	60.51
Current Liabilities
Accounts Payable	0.00	0.00	4.48	0.76	0.61	0.00	0.00	0.00	0.00
Short-Term Debt	0.00	0.00	0.00	0.40	0.40	0.00	0.00	0.00	0.00
Current Portion of Long-Term Debt	0.40	-	-	0.40	-	-	-	-	-
Other Current Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Current Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Non-Current Liabilities
Long-Term Debt	5.71	5.04	4.43	3.56	3.85	3.96	3.58	3.47	3.57
Deferred Tax Liabilities	3.00	2.20	1.86	1.38	2.89	3.26	2.71	1.80	2.20
Other Non-Current Liabilities	134.33	100.53	82.16	72.39	72.43	63.08	58.84	50.82	45.17
Total Non-Current Liabilities	143.04	107.77	88.45	77.73	79.16	70.30	65.13	56.08	50.95
Total Liabilities	143.04	107.77	88.45	77.73	79.16	70.30	65.13	56.08	50.95
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	10.15	9.26	8.81	8.17	8.56	8.15	7.95	7.28	6.74
Accumulated Other Comprehensive Income	-4.69	0.85	-0.37	-1.87	3.64	5.36	3.14	0.64	2.06
Treasury Stock	2.01	1.89	1.90	1.72	1.65	-	-	-	-
Additional Paid-in Capital	8.00	0.71	2.54	2.50	2.46	0.84	0.51	0.53	0.77
Minority Interest	0.09	0.09	0.09	0.09	0.00	0.00	0.00	0.00	0.00
Shares Outstanding	0.07	0.07	0.07	0.07	0.07	-	-	-	-
Total Stockholders' Equity	13.46	10.82	9.08	7.08	13.01	14.35	11.60	8.45	9.57
Total Liabilities & Equity	156.59	118.68	97.62	84.90	92.18	84.66	76.73	64.54	60.51

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Reinsurance Group of America, Incorporated Balance Sheet

How much debt does Reinsurance Group of America, Incorporated have?

Reinsurance Group of America, Incorporated had total debt of $5.71B as of Dec 31, 2025, against $4.17B in cash and short-term investments. Its debt-to-equity ratio was 0.42. Total debt was $5.04B a year earlier.

What are Reinsurance Group of America, Incorporated's total assets?

Reinsurance Group of America, Incorporated reported total assets of $156.59B as of Dec 31, 2025, up 31.9% from $118.67B a year earlier. Total liabilities were $143.04B.

What is Reinsurance Group of America, Incorporated's shareholders' equity?

Reinsurance Group of America, Incorporated's shareholders' equity was $13.46B as of Dec 31, 2025, or about $205.63 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition