← REINSURANCE GROUP OF AMERICA INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $1.2b $1.3b $1.9b $1.4b $3.4b $2.9b $2.9b $3.0b $3.3b $4.2b
Cash and cash equivalents $1.2b $1.3b $1.9b $1.4b $3.4b $2.9b $2.9b $3.0b $3.3b $4.2b
Premiums receivable and other reinsurance balances $1.9b $2.3b $3.0b $2.9b $2.8b $2.9b $3.0b $3.5b $3.9b $4.5b
Reinsurance ceded receivables and other $684.0m $782.0m $757.6m $904.0m $983.0m $2.6b $2.5b $5.4b $5.5b $7.2b
Short-term investments $76.7m $93.3m $142.6m $64.0m $227.0m $87.0m $154.0m $222.0m $363.0m $346.0m
Goodwill $7.0m $7.0m $7.0m $7.0m $7.0m $7.0m $7.0m — — —
Other assets $755.3m $767.1m $839.2m $878.0m $896.0m $1.0b $1.2b $1.4b $1.4b $2.9b
Additional Financial Items
Deferred policy acquisition costs and other $3.3b $3.2b $3.4b $3.5b $3.6b $3.7b $4.0b $4.6b $5.5b $6.1b
Equity Securities, FV-NI — $100.2m $82.2m $320.0m $132.0m $151.0m $134.0m $139.0m $155.0m $311.0m
Fixed maturity securities available-for-sale at fair value (amortized cost of $107,264 and $82,907; allowance for credit losses of $210 and $98) $32.1b $38.2b $40.0b $51.1b $56.7b $60.7b $52.9b $60.5b $77.6b $101.8b
Funds Held under Reinsurance Agreements, Liability — — — — — $1.9b $1.5b $4.5b $5.0b $6.8b
Funds withheld at interest $5.9b $6.1b $5.8b $5.7b $5.4b $7.0b $6.0b $5.7b $5.4b $8.1b
Future policy benefits $19.6b $22.4b $25.3b $28.7b $31.5b $35.8b $35.2b $41.2b $53.4b $66.4b
Income taxes $2.8b $2.2b $1.8b $2.7b $3.3b $2.9b $736.0m $1.9b $2.2b $3.0b
Interest-sensitive contract liabilities $14.0b $16.2b $18.0b $22.7b $23.3b $26.4b $30.6b $30.3b $35.1b $52.1b
Market Risk Benefit, Net Amount at Risk — — — — — $262.0m $247.0m $258.0m $223.0m $234.0m
Mortgage loans (net of allowance for credit losses of $117 and $93) $3.8b $4.4b $5.0b $5.7b $5.8b $6.3b $6.6b $7.4b $8.8b $11.1b
Other invested assets $1.6b $1.6b $1.9b $2.4b $2.8b $3.1b $1.1b $1.2b $1.2b $1.5b
Other liabilities $1.0b $1.1b $1.4b $1.2b $1.3b $2.7b $2.7b $2.1b $2.8b $3.9b
Other policy claims and benefits $4.3b $5.0b $5.6b $5.7b $6.4b $7.0b $6.6b $2.7b $2.7b $3.0b
Other reinsurance balances $389.0m $488.7m $487.2m $557.0m $598.0m $613.0m $756.0m $1.1b $1.3b $1.9b
Policy loans $1.4b $1.4b $1.3b $1.3b $1.3b $1.2b $1.2b $1.2b $1.3b $3.5b
Real Estate Investments, Joint Ventures — — — — — $2.0b $2.3b $2.6b $3.1b $3.7b
AOCI, Debt Securities, Available-for-sale, Adjustment, after Tax — — — — — — — — — ($4.8b)
Total Reinsurance Group of America, Inc. shareholders’ equity $7.1b $9.6b $8.5b $11.6b $14.4b $13.0b $4.1b $9.1b $10.8b $13.5b
Total investments $44.8b $51.7b $54.2b $66.6b $72.4b $78.5b $70.5b $78.9b $98.0b $130.5b
Assets $53.1b $60.5b $64.5b $76.7b $84.7b $92.2b $84.7b $97.6b $118.7b $156.6b
Total assets $53.1b $60.5b $64.5b $76.7b $84.7b $92.2b $84.7b $97.6b $118.7b $156.6b
LIABILITIES AND EQUITY
Accrued investment income $347.2m $392.7m $427.9m $493.0m $511.0m $533.0m $630.0m $759.0m $986.0m $1.3b
Long-term Debt $3.1b $2.8b $2.8b $3.0b $3.6b $3.7b $4.0b $4.4b $5.0b $5.7b
Deferred Tax Liabilities, Net $3.4b $2.9b $1.7b $2.7b $3.2b $2.8b $455.0m $1.8b $2.1b $2.9b
Liabilities $46.0b $50.9b $56.1b $65.1b $70.3b $79.2b $80.5b $88.5b $107.8b $143.0b
Total liabilities $46.0b $50.9b $56.1b $65.1b $70.3b $79.2b $80.5b $88.5b $107.8b $143.0b
Stockholders’ equity:
Accumulated Other Comprehensive Income (Loss), Net of Tax $1.1b $2.1b $636.8m $3.1b $5.4b $3.6b ($5.6b) ($369.0m) $849.0m $2.7b
Accumulated other comprehensive income (loss) $1.1b $2.1b $636.8m $3.1b $5.4b $3.6b ($5.6b) ($369.0m) $849.0m $2.7b
Additional Paid in Capital, Common Stock $1.8b $1.9b $1.9b $1.9b $2.4b $2.5b $2.5b $2.5b $2.6b $2.6b
Additional paid-in-capital $1.8b $1.9b $1.9b $1.9b $2.4b $2.5b $2.5b $2.5b $2.6b $2.6b
Common Stock, Value, Issued $791k $791k $791k $1.0m $1.0m $1.0m $1.0m $1.0m $1.0m $1.0m
Preferred Stock, Value, Issued $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Retained Earnings (Accumulated Deficit) $5.2b $6.7b $7.3b $8.0b $8.1b $8.6b $9.0b $8.8b $9.3b $10.2b
Treasury stock, at cost – 19,846,934 and 19,438,336 shares at December 31, 2025 and December 31, 2024 ($1.1b) ($1.1b) ($1.4b) ($1.4b) ($1.6b) ($1.7b) ($1.7b) ($1.9b) ($1.9b) ($2.0b)
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax — — — — — — — — — ($6.0m)
Stockholders' Equity Attributable to Parent $7.1b $9.6b $8.5b $11.6b $14.4b $13.0b $4.1b $9.1b $10.8b $13.5b
Stockholders' Equity Attributable to Noncontrolling Interest — — — — — $0 $90.0m $90.0m $90.0m $90.0m
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest — — — — — $13.0b $4.2b $9.2b $10.9b $13.6b
Liabilities and Equity $53.1b $60.5b $64.5b $76.7b $84.7b $92.2b $84.7b $97.6b $118.7b $156.6b
Total liabilities and equity $53.1b $60.5b $64.5b $76.7b $84.7b $92.2b $84.7b $97.6b $118.7b $156.6b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.