Reinsurance Group of America
Market Cap
US$9.8b
Last Updated
2019/10/19 00:11 UTC
Data Sources
Company Financials +
Executive Summary
Reinsurance Group of America, Incorporated engages in reinsurance business.
Snowflake
Fundamentals
Established dividend payer and good value.
Similar Companies
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
Market Performance
7 Day Return
1.3%
RGA
0.7%
US Insurance
1.8%
US Market
1 Year Return
14.4%
RGA
13.5%
US Insurance
7.3%
US Market
Return vs Industry: RGA exceeded the US Insurance industry which returned 13.5% over the past year.
Return vs Market: RGA exceeded the US Market which returned 7.3% over the past year.
Shareholder returns
| RGA | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | 0.7% | 1.8% |
| 30 Day | -0.9% | -2.2% | -0.7% |
| 90 Day | 0.1% | -2.0% | 0.06% |
| 1 Year | 16.3%14.4% | 16.3%13.5% | 9.7%7.3% |
| 3 Year | 52.1%45.4% | 43.7%32.7% | 46.3%36.9% |
| 5 Year | 110.5%95.0% | 70.9%50.5% | 64.5%46.5% |
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
3 days ago | Simply Wall St
Does Reinsurance Group of America, Incorporated's (NYSE:RGA) P/E Ratio Signal A Buying Opportunity?3 weeks ago | Simply Wall St
These Fundamentals Make Reinsurance Group of America, Incorporated (NYSE:RGA) Truly Worth Looking At1 month ago | Simply Wall St
Have Insiders Sold Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Recently?Valuation
Is Reinsurance Group of America undervalued compared to its fair value and its price relative to the market?
30.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: RGA ($156.73) is trading below our estimate of fair value ($226.35)
Significantly Undervalued: RGA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: RGA is good value based on its PE Ratio (12.6x) compared to the Insurance industry average (15.6x).
PE vs Market: RGA is good value based on its PE Ratio (12.6x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: RGA is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: RGA is good value based on its PB Ratio (0.9x) compared to the US Insurance industry average (1.2x).
Next Steps
Future Growth
How is Reinsurance Group of America forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
6.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RGA's forecast earnings growth (6.7% per year) is above the savings rate (2.7%).
Earnings vs Market: RGA's earnings (6.7% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: RGA's earnings are forecast to grow, but not significantly.
Revenue vs Market: RGA's revenue (4.8% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: RGA's revenue (4.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: RGA's Return on Equity is forecast to be low in 3 years time (9.3%).
Next Steps
Past Performance
How has Reinsurance Group of America performed over the past 5 years?
18.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: RGA's earnings have grown by 18.5% per year over the past 5 years.
Accelerating Growth: RGA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RGA had negative earnings growth (-55.2%) over the past year, making it difficult to compare to the Insurance industry average (1.4%).
Return on Equity
High ROE: RGA's Return on Equity (7.3%) is considered low.
Return on Assets
ROA vs Industry: RGA's Return on Assets is below or equal to the Insurance industry average last year.
Return on Capital Employed
ROCE Improving: RGA's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Reinsurance Group of America's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: RGA has a low level of unsold assets or inventory.
Debt Coverage by Assets: RGA's debt is covered by short term assets (assets are 1.706070x debt).
Financial Institutions Analysis
Asset Level: RGA's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if RGA has a sufficient allowance for bad loans.
Low Risk Liabilities: RGA reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if RGA has an acceptable proportion of non-loan assets held.
Low Risk Deposits: RGA has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if RGA has an appropriate level of bad loans.
Next Steps
Dividend
What is Reinsurance Group of America's current dividend yield, its reliability and sustainability?
1.79%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: RGA's dividend (1.79%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: RGA's dividend (1.79%) is low compared to the top 25% of dividend payers in the US market (3.72%).
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 (19.3%), 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 (20.7% payout ratio).
Next Steps
Management
What is the CEO of Reinsurance Group of America's salary, the management and board of directors tenure and is there insider trading?
3.4yrs
Average management tenure
CEO
Anna Manning (60yo)
2.8yrs
Tenure
US$6,700,422
Compensation
Ms. Anna Manning is the President of Reinsurance Group of America, Incorporated (the “Company”) from December 2015 and has been its Chief Executive Officer from 2017. Ms. Manning held the position of Senio ...
CEO Compensation Analysis
Compensation vs. Market: Anna's total compensation ($USD6.70M) is below average for companies of similar size in the US market ($USD11.21M).
Compensation vs Earnings: Anna's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.4yrs
Average Tenure
55yo
Average Age
Experienced Management: RGA's management team is considered experienced (3.4 years average tenure).
Board Age and Tenure
8.8yrs
Average Tenure
66.5yo
Average Age
Experienced Board: RGA's board of directors are considered experienced (8.8 years average tenure).
Insider Trading
Insider Buying: RGA insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Legal Officer Executive VP |
| Shares | 1,500 |
| Max Price | US$160.00 |
| Entity | Individual |
| Role | Chief Legal Officer Executive VP |
| Shares | 1,500 |
| Max Price | US$158.15 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 800 |
| Max Price | US$145.12 |
| Entity | Individual |
| Role | Chief Operating Officer Senior EVP & COO |
| Shares | 3,668 |
| Max Price | US$148.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,200 |
| Max Price | US$145.00 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & Controller |
| Shares | 1,797 |
| Max Price | US$144.19 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 947 |
| Max Price | US$145.00 |
| Entity | Individual |
| Shares | 100 |
| Max Price | US$130.53 |
| Entity | Individual |
| Shares | 200 |
| Max Price | US$137.57 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 620 |
| Max Price | US$146.00 |
Ownership Breakdown
Management Team
Todd Larson (55yo)
Senior EVP & CFO
- Tenure: 3.4yrs
- Compensation: US$2.33m
Alain Néemeh (51yo)
Senior EVP & COO
- Tenure: 2.8yrs
- Compensation: US$2.80m
Jeff Hopson
Senior Vice President - Investor Relations
- Tenure: 5.8yrs
John Hayden (52yo)
Executive VP & Controller
- Tenure: 0yrs
William Hutton (59yo)
Executive VP
- Tenure: 8.8yrs
John Laughlin (64yo)
Executive Vice President of Global Financial Solutions
- Tenure: 0yrs
- Compensation: US$2.57m
Anna Manning (60yo)
President
- Tenure: 2.8yrs
- Compensation: US$6.70m
Scott Cochran (46yo)
Executive Vice President of Corporate Development
- Tenure: 0yrs
Gay Burns
Executive VP & Chief Human Resource Officer
- Tenure: 0yrs
Lynn Phillips
Vice President of Corporate Communications
- Tenure: 0yrs
Board Members
Alan Henderson (73yo)
Independent Director
- Tenure: 17.8yrs
- Compensation: US$152.58k
Stan Tulin (69yo)
Independent Director
- Tenure: 7.8yrs
- Compensation: US$280.65k
Fred Sievert (71yo)
Independent Director
- Tenure: 9.8yrs
- Compensation: US$306.50k
J. Eason (71yo)
Independent Chairman of the Board
- Tenure: 11yrs
- Compensation: US$499.05k
Tricia Guinn (64yo)
Independent Director
- Tenure: 3yrs
- Compensation: US$269.34k
John Danahy (72yo)
Independent Director
- Tenure: 10.8yrs
- Compensation: US$297.58k
Arnoud W. Boot (59yo)
Independent Director
- Tenure: 10.8yrs
- Compensation: US$302.58k
Hazel McNeilage (61yo)
Independent Director
- Tenure: 1.3yrs
- Compensation: US$132.52k
Anna Manning (60yo)
President
- Tenure: 2.8yrs
- Compensation: US$6.70m
Christine Detrick (60yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: US$277.70k
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$9.837b
- Shares outstanding: 62.76m
- Website: https://www.rgare.com
Number of Employees
Location
- Reinsurance Group of America, Incorporated
- 16600 Swingley Ridge Road
- Chesterfield
- Missouri
- 63017
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RGA | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | May 1993 |
| RGPB | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 1993 |
| RZB | NYSE (New York Stock Exchange) | SB DB FX/FL56 | US | USD | Jun 2016 |
Biography
Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 00:11 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.