The Filing Desk

Reinsurance Group of America vs RenaissanceRe

Reinsurance Group of America RGA · RenaissanceRe RNR · Reinsurance

Reinsurance Group of America reported revenue of $23.7 billion in fiscal 2025, 1.8 times RenaissanceRe's $12.8 billion in fiscal 2025. Reinsurance Group of America's revenue grew 7.2% in its latest year, and RenaissanceRe's grew 9.9%.

Side by side

Reinsurance Group of AmericaRenaissanceRe
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$23.7B$12.8B
Revenue growth7.2%9.9%
Revenue growth a year, last 5 years10.2%20.0%
Gross margin——
Operating margin——
Net margin5.0%20.9%
Free cash flow——
Free cash flow margin——
Return on capital—54.2%
Net debt to EBITDA0.6x−1.0x
Dividends and buybacks$414M$1.7B
Change in diluted share count−0.1%−9.5%
Last close$265.15$351.66
P/E at the last close11.6×6.3×
Insider trades, last 12 monthssold $3.7 millionsold $16.2 million
Piotroski F-score——
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Reinsurance Group of AmericaRenaissanceRe
Operating margin
Percent of revenue
Reinsurance Group of AmericaRenaissanceRe
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Reinsurance Group of AmericaRenaissanceRe

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Reinsurance Group of America and RenaissanceRe pages.