REINSURANCE GROUP OF AMERICA INC
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
RGA$274.06+2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
(in millions, except per share amounts)
| For the years ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues | |||
| Net premiums | $17,230 | $17,843 | $15,085 |
| Net investment income | 5,806 | 4,416 | 3,591 |
| Investment related (losses), net | (245) | (745) | (481) |
| Other revenues | 907 | 593 | 372 |
| Total revenues | 23,698 | 22,107 | 18,567 |
| Benefits and expenses | |||
| Claims and other policy benefits | 16,995 | 16,903 | 13,872 |
| Future policy benefits remeasurement (gains) losses | — | (32) | (62) |
| Market risk benefits remeasurement (gains) losses | 8 | (44) | (10) |
| Interest credited | 1,635 | 1,087 | 864 |
| Policy acquisition costs and other insurance expenses | 1,821 | 1,641 | 1,397 |
| Other operating expenses | 1,333 | 1,268 | 1,089 |
| Interest expense | 366 | 304 | 257 |
| Total benefits and expenses | 22,158 | 21,127 | 17,407 |
| Income before income taxes | 1,540 | 980 | 1,160 |
| Provision for income taxes | 351 | 256 | 251 |
| Net income | 1,189 | 724 | 909 |
| Net income attributable to noncontrolling interest | 7 | 7 | 7 |
| Net income available to RGA, Inc. shareholders | $1,182 | $717 | $902 |
| Earnings per share | |||
| Basic earnings per share | $17.94 | $10.90 | $13.60 |
| Diluted earnings per share | 17.69 | 10.73 | 13.44 |
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