RZC Reinsurance Group of America, Incorporated 7.125% Fixed-Rate Reset Subordinated Debentures due 2052
About Reinsurance Group of America, Incorporated 7.125% Fixed-Rate Reset Subordinated Debentures due 2052 Company overview from Wikipedia
Reinsurance Group of America, Incorporated is a holding company for a global life and health reinsurance entity based in Greater St. Louis within the western suburb of Chesterfield, Missouri, United States. With approximately $4.3 trillion of life reinsurance in force and total assets of $156.6 billion as of December 31, 2025, RGA has grown to become the only international company to focus primarily on life and health-related reinsurance.
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Reinsurance Group of America, Incorporated (NYSE: RGA) is a holding company for a global life and health reinsurance entity based in Greater St. Louis within the western suburb of Chesterfield, Missouri, United States. With approximately $4.3 trillion of life reinsurance in force and total assets of $156.6 billion as of December 31, 2025, RGA has grown to become the only international company to focus primarily on life and health-related reinsurance.
History
General American Reinsurance, a reinsurance division formed in 1973 by General American Life Insurance Company (GA), was the forerunner to RGA. By 1993, GA's reinsurance division had grown its life reinsurance in force to $114.7 billion. General American acquired the life reinsurance business of National Reinsurance of Canada, later renamed General American Life Reinsurance Company of Canada, thereby establishing its first international office; the Canadian business became RGA Life Reinsurance Company of Canada after RGA's initial public offering (IPO).
Incorporated in 1992 in the state of Missouri, Reinsurance Group of America, Incorporated (RGA) was formed as a holding company for RGA's U.S. and Canadian reinsurance businesses. RGA was taken public by IPO in 1993 on the New York Stock Exchange (NYSE: RGA), with General American retaining a 65% share.
MetLife acquired General American in 2000, including its interest in RGA, and after 8 years of ownership, MetLife spun RGA off to become a fully independent company.
Rankings and recognition
Ranked #193 on the 2026 Fortune 500 list, moving up 3 positions from its prior-year rank and reaching its highest position to date, RGA also was named to the 2026 Fortune's list of the "World's Most Admired Companies." In 2025, RGA was ranked #1 on NMG Consulting's Global All Respondent Business Capability Index (BCI) for the 15th consecutive year, based on feedback from insurance executives in more than 50 markets. RGA has earned this recognition every year since the inception of NMG's Global Life & Health Reinsurance Study.
Products and services
RGA's products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development. "CBInsights".
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
RZC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
RZC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| July 1, 2026 | $0.4450 |
| April 1, 2026 | $0.4450 |
| Dec. 31, 2025 | $0.4450 |
| Oct. 1, 2025 | $0.4450 |
| July 1, 2025 | $0.4450 |
| April 1, 2025 | $0.4450 |
| Dec. 31, 2024 | $0.4450 |
| Oct. 1, 2024 | $0.4450 |
| July 1, 2024 | $0.4450 |
| March 28, 2024 | $0.4450 |
| Dec. 28, 2023 | $0.4450 |
| Sept. 28, 2023 | $0.4450 |
| Aug. 29, 2023 | $0.4450 |
| June 29, 2023 | $0.4450 |
RZC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 2 13.3%
- Buy 7 46.7%
- Hold 5 33.3%
- Sell 1 6.7%
- Strong Sell 0 0.0%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $8.89 | $6.58 | 2.3% |
| March 31, 2026 | $6.97 | $6.10 | 0.87% |
| Dec. 31, 2025 | $7.75 | $5.81 | 1.9% |
| Sept. 30, 2025 | $6.37 | $5.85 | 0.52% |
| June 30, 2025 | $4.72 | $5.63 | -0.91% |
| March 31, 2025 | $5.66 | $5.37 | 0.29% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| RZC | — | — | — | — | — | — |
| RGA | — | 11.5 | 7.2% | 5.0% | 9.3% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 9
| Metric | Trend | Q2 2026 |
|---|---|---|
| Revenue | $6.64B | |
| Interest Expense | $101M | |
| Pretax Income | $605M | |
| Income Tax | $141M | |
| Net Income | $462M | |
| EPS (Basic) | $7.07 | |
| EPS (Diluted) | $7.01 | |
| Shares (Basic) | 65,000,000 | |
| Shares (Diluted) | 66,000,000 |
Balance Sheet 10
| Metric | Trend | Q2 2026 |
|---|---|---|
| Cash & Equivalents | $5.29B | |
| Total Assets | $167.12B | |
| Total Liabilities | $153.33B | |
| Long-term Debt | $5.71B | |
| Common Stock | $1M | |
| Retained Earnings | $10.77B | |
| Treasury Stock | $2.11B | |
| AOCI | $2.35B | |
| Stockholders' Equity | $13.69B | |
| Liabilities + Equity | $167.12B |
Cash Flow 7
| Metric | Trend | Q2 2026 |
|---|---|---|
| Operating Cash Flow | $-484M | |
| Investing Cash Flow | $-1.95B | |
| Debt Issued | $0 | |
| Dividends Paid | $61M | |
| Financing Cash Flow | $1.77B | |
| Net Change in Cash | $295M | |
| Taxes Paid | $80M |
Profitability 4
| Metric | Trend | Q2 2026 |
|---|---|---|
| Net Margin | 7.0% | |
| Pretax Margin | 9.1% | |
| ROA | 0.31% | |
| ROE | 3.6% |
Efficiency 1
| Metric | Trend | Q2 2026 |
|---|---|---|
| Asset Turnover | 0.0 |
Valuation (TTM) 4
| Metric | Trend | Q2 2026 |
|---|---|---|
| Revenue TTM | $25.97B | |
| Net Income TTM | $1.23B | |
| P/E | 1.1 | |
| Earnings Yield | 88.8% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
My Metrics Your personal watchlist — selected rows from Full Fundamentals
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Institutional owners (13F) 2 filers · $6K total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 0 (-1 vs prior Q) | 0 (-1 vs prior Q) | 1 (+1 vs prior Q) | 0 (0 vs prior Q) | +116 |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| First Command Advisory Services, Inc. | $4,256 | 166 | 70.93% | Shares |
| PNC Financial Services Group, Inc. | $1,744 | 68 | 29.07% | Shares |
Company insiders 4 insiders · 1 officers · 1 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| My Chi To | EVP, Chief Legal Officer | June 6, 2026 M | 3,525 | 0 | 0 | $0 |
| Maurice Tulloch | Director | July 1, 2026 A | 406 | 0 | 0 | $0 |
| Jonathan Porter | — | Aug. 12, 2026 S | 14,885 | 0 | 1 | $-2,115,471 |
| Ronald Herrmann | — | Aug. 11, 2026 M | 6,057 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 8 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PFFV · Global X Funds | 3.54% | 427,423 NS | May 31, 2026 | N-PORT |
| PFFD · Global X Funds | 0.58% | 497,569 NS | May 31, 2026 | N-PORT |
| TMB · Thornburg ETF Trust | 0.42% | 30,800 NS | May 31, 2026 | N-PORT |
| PFLD · ETF Series Solutions | 0.33% | 55,651 NS | April 30, 2026 | N-PORT |
| TPLS · Thornburg ETF Trust | 0.29% | 2,300 NS | May 31, 2026 | N-PORT |
| GPRF · Goldman Sachs ETF Trust | 0.23% | 7,861 NS | May 31, 2026 | N-PORT |
| FPFD · Fidelity Covington Trust | 0.12% | 4,000 NS | May 31, 2026 | N-PORT |
| FPE · First Trust Exchange-Traded Fund III | 0.05% | 130,439 NS | April 30, 2026 | N-PORT |