| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
RGA Overview
Reinsurance Group of America, Incorporated engages in reinsurance business.
Share Price & News
How has Reinsurance Group of America's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RGA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: RGA's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-3.3%
RGA
-0.7%
US Insurance
-0.6%
US Market
1 Year Return
11.1%
RGA
35.9%
US Insurance
33.8%
US Market
Return vs Industry: RGA underperformed the US Insurance industry which returned 35.9% over the past year.
Return vs Market: RGA underperformed the US Market which returned 33.8% over the past year.
Shareholder returns
| RGA | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.3% | -0.7% | -0.6% |
| 30 Day | -5.8% | -0.5% | 2.0% |
| 90 Day | -1.3% | 6.4% | 4.7% |
| 1 Year | 13.8%11.1% | 39.2%35.9% | 35.8%33.8% |
| 3 Year | -19.5%-24.6% | 34.2%24.1% | 60.0%50.1% |
| 5 Year | 13.2%3.1% | 79.0%56.6% | 123.0%98.7% |
Long-Term Price Volatility Vs. Market
How volatile is Reinsurance Group of America's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Reinsurance Group of America, Incorporated (NYSE:RGA) Looks Interesting, And It's About To Pay A Dividend1 month ago | Simply Wall St
Christine Detrick Is The Independent Director of Reinsurance Group of America, Incorporated (NYSE:RGA) And They Just Sold 34% Of Their Shares1 month ago | Simply Wall St
Reinsurance Group of America (NYSE:RGA) Is Paying Out A Larger Dividend Than Last YearReinsurance Group of America Fundamentals Summary
| RGA fundamental statistics | |
|---|---|
| Market Cap | US$7.56b |
| Earnings (TTM) | US$828.00m |
| Revenue (TTM) | US$16.04b |
9.1x
P/E Ratio0.5x
P/S RatioIs RGA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RGA income statement (TTM) | |
|---|---|
| Revenue | US$16.04b |
| Cost of Revenue | US$13.85b |
| Gross Profit | US$2.20b |
| Expenses | US$1.37b |
| Earnings | US$828.00m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 12.19 |
| Gross Margin | 13.69% |
| Net Profit Margin | 5.16% |
| Debt/Equity Ratio | 26.0% |
How did RGA perform over the long term?
See historical performance and comparisonDividends
2.6%
Current Dividend Yield23%
Payout RatioValuation
Is Reinsurance Group of America undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RGA ($111.19) is trading below our estimate of fair value ($233.74)
Significantly Below Fair Value: RGA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RGA is good value based on its PE Ratio (9.1x) compared to the US Insurance industry average (9.5x).
PE vs Market: RGA is good value based on its PE Ratio (9.1x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: RGA is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: RGA is good value based on its PB Ratio (0.6x) compared to the US Insurance industry average (1.1x).
Future Growth
How is Reinsurance Group of America forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
7.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RGA's forecast earnings growth (7.9% per year) is above the savings rate (2%).
Earnings vs Market: RGA's earnings (7.9% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: RGA's earnings are forecast to grow, but not significantly.
Revenue vs Market: RGA's revenue (2.7% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: RGA's revenue (2.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RGA's Return on Equity is forecast to be low in 3 years time (8.2%).
Past Performance
How has Reinsurance Group of America performed over the past 5 years?
-7.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RGA has high quality earnings.
Growing Profit Margin: RGA's current net profit margins (5.2%) are higher than last year (4%).
Past Earnings Growth Analysis
Earnings Trend: RGA's earnings have declined by 7.9% per year over the past 5 years.
Accelerating Growth: RGA's earnings growth over the past year (45.8%) exceeds its 5-year average (-7.9% per year).
Earnings vs Industry: RGA earnings growth over the past year (45.8%) underperformed the Insurance industry 76%.
Return on Equity
High ROE: RGA's Return on Equity (6.2%) is considered low.
Financial Health
How is Reinsurance Group of America's financial position?
Financial Position Analysis
Short Term Liabilities: RGA's short term assets ($8.3B) do not cover its short term liabilities ($9.4B).
Long Term Liabilities: RGA's short term assets ($8.3B) do not cover its long term liabilities ($66.1B).
Debt to Equity History and Analysis
Debt Level: RGA's debt to equity ratio (26%) is considered satisfactory.
Reducing Debt: RGA's debt to equity ratio has reduced from 52.8% to 26% over the past 5 years.
Debt Coverage: RGA's debt is well covered by operating cash flow (87.9%).
Interest Coverage: RGA's interest payments on its debt are well covered by EBIT (7.5x coverage).
Balance Sheet
Dividend
What is Reinsurance Group of America current dividend yield, its reliability and sustainability?
2.63%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RGA's dividend (2.63%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: RGA's dividend (2.63%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: RGA's dividends per share have been stable in the past 10 years.
Growing Dividend: RGA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (23%), RGA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RGA's dividends in 3 years are forecast to be well covered by earnings (22.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.0yrs
Average management tenure
CEO
Anna Manning (62 yo)
4.67yrs
Tenure
US$9,044,233
Compensation
Ms. Anna Manning is a Director at The Geneva Association since June 10, 2020. She is the President of Reinsurance Group of America, Incorporated from December 2015 and has been its Chief Executive Officer...
CEO Compensation Analysis
Compensation vs Market: Anna's total compensation ($USD9.04M) is above average for companies of similar size in the US market ($USD6.44M).
Compensation vs Earnings: Anna's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: RGA's management team is seasoned and experienced (5 years average tenure).
Board Members
Experienced Board: RGA's board of directors are considered experienced (4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RGA insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Reinsurance Group of America, Incorporated's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Reinsurance Group of America, Incorporated
- Ticker: RGA
- Exchange: NYSE
- Founded: 1973
- Industry: Reinsurance
- Sector: Insurance
- Market Cap: US$7.561b
- Shares outstanding: 68.00m
- Website: https://www.rgare.com
Number of Employees
Location
- Reinsurance Group of America, Incorporated
- 16600 Swingley Ridge Road
- Chesterfield
- Missouri
- 63017
- United States
Listings
Biography
Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, gr...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/18 22:08 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.