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Reinsurance Group of America Inc (RZC) stock analysis

RZCNYSELife InsuranceFiscal year ends December 31Also trades as RGA
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026Score 10/301% above fair value
$25.36+0.07 (+0.28%)

Close on Oct 30, 2026Market cap $1.67BP/E 1.1Yield 14.35%

StockData Score

Prices as of Oct 30, 2026How the score works

Value1Growth4Performance3Health0Dividend2

Mixed10 of 30 checks passed

Reinsurance Group of America passes 10 of the 30 checks behind our score; 9 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
1/6
Growth
4/6
Past performance
3/6
Financial health
0/6
Dividend
2/6

What stands out

  • Earnings grew over 5 years

    Net income grew 23.3% a year on average over the last five fiscal years.

  • Revenue growing 10%+ a year

    Revenue grew 13.5% a year over the last three fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 32.3% a year over the last three fiscal years.

  • Earnings growth accelerating

    Net income grew 95.8% over the last twelve months, against a 5-year average of 23.3% a year.

What to watch

  • Margin of safety under 20%

    The price is 1.0% above fair value, so there is no margin of safety.

  • Trading above fair value

    The share price of $264.73 is above our fair value estimate of $262.09.

  • Return on equity under 15%

    Return on equity was 11.7% over the last twelve months and averaged 9.1% over five years; we look for 15% on both.

  • P/E above the industry

    Reinsurance Group of America's P/E of 11.6 is above the Life Insurance median of 10.6.

Valuation1/6

  • P/E below its 5-year median

    Reinsurance Group of America's P/E of 11.6 is below its own 5-year median of 15.8.

  • P/E above the industry

    Reinsurance Group of America's P/E of 11.6 is above the Life Insurance median of 10.6.

  • P/S above the industry

    Reinsurance Group of America's price-to-sales of 0.67 is above the Life Insurance median of 0.64.

  • P/B above the industry

    Reinsurance Group of America's price-to-book of 1.26 is above the Life Insurance median of 0.92.

  • Trading above fair value

    The share price of $264.73 is above our fair value estimate of $262.09.

  • Margin of safety under 20%

    The price is 1.0% above fair value, so there is no margin of safety.

Growth4/6

  • Revenue growing 10%+ a year

    Revenue grew 13.5% a year over the last three fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 32.3% a year over the last three fiscal years.

  • Earnings growth accelerating

    Net income grew 95.8% over the last twelve months, against a 5-year average of 23.3% a year.

  • Growing faster than the industry

    Revenue grew 19.4% over the last twelve months; the Life Insurance median is 8.0%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin trend

    Banks and insurers do not report gross profit.

Past performance3/6

  • Return on equity under 15%

    Return on equity was 11.7% over the last twelve months and averaged 9.1% over five years; we look for 15% on both.

  • Return on assets over 1%

    Return on assets was 1.0%; for a bank or insurer, 1% or more is considered good.

  • Return on equity below the industry

    Reinsurance Group of America's return on equity of 11.7% is below the Life Insurance median of 11.7%.

  • Earnings grew over 5 years

    Net income grew 23.3% a year on average over the last five fiscal years.

  • Net margin above its 5-year average

    Net margin was 5.8% over the last twelve months, against a 5-year average of 4.7%.

  • Net margin below the industry

    Reinsurance Group of America's net margin of 5.8% is below the Life Insurance median of 6.5%.

Financial health0/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt coverage

    Needs operating cash flow.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term liquidity

    Insurers do not split assets into current and non-current.

  • Bankruptcy risk (Altman Z)

    The Altman model does not apply to insurers.

Dividend2/6

  • Pays a dividend

    Reinsurance Group of America paid dividends worth 1.4% of the share price over the last twelve months.

  • Yield below Treasuries

    The 1.4% yield is below the 4.4% on a 1-year Treasury.

  • Yield below the top quarter

    The top quarter of US dividend payers yield 4.0% or more; Reinsurance Group of America yields 1.4%.

  • Dividend was cut

    The dividend per share fell by more than 10% at least once in the last 10 fiscal years.

  • Covered by earnings

    Dividends take 16.2% of net income.

  • Cash-flow cover

    Needs dividends paid and free cash flow.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$262.09

The share price is 1% above this estimate.

20%+ below
Near fair value
20%+ above
$264.73Price
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/E13.2×15.8×10.6×$300.5450%
P/B1.1×1.2×0.9×$223.6450%
Fair value$262.09100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 15.8
  • Life Insurance median 10.6

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$110.10M
Value traded per 1% price move
$103.30M

Downside

Low risk

Typical loss in a bad month
8.7%
Volatility (annualized)
23%
Sharpe ratio, 1 year
1.56
Beta to the S&P 500 (5Y)
0.59

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Net margin

5.0%+2.1 pts over 5 years