Reinsurance Group of America, Incorporated
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.70B | $22.11B | $18.57B | $16.23B | $16.67B | $14.60B | $14.30B | $12.88B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $1.91B | $1.28B | $1.42B | $909.0M | $1.52B | $723.0M | $1.31B | $993.0M |
| Operating Margin | 8.0% | 5.8% | 7.6% | 5.6% | 9.1% | 5.0% | 9.1% | 7.7% |
| Interest Expense | $366.0M | $304.0M | $257.0M | $191.0M | $139.0M | $170.0M | $173.0M | $147.0M |
| Pretax Income | $1.54B | $980.0M | $1.16B | $718.0M | $1.39B | $553.0M | $1.13B | $846.0M |
| Income Tax Expense | $351.0M | $256.0M | $251.0M | $197.0M | $215.0M | $138.0M | $262.0M | $130.0M |
| Net Income | $1.18B | $717.0M | $902.0M | $517.0M | $1.17B | $415.0M | $870.0M | $716.0M |
| Net Margin | 5.0% | 3.2% | 4.9% | 3.2% | 7.0% | 2.8% | 6.1% | 5.6% |
| EPS (Basic) | $17.94 | $10.90 | $13.60 | $7.73 | $17.26 | $6.35 | $13.88 | $11.25 |
| EPS (Diluted) | $17.69 | $10.73 | $13.44 | $7.64 | $17.13 | $6.31 | $13.62 | $11.00 |
| Shares Outstanding (Basic) | 65.9M | 65.8M | 66.3M | 66.9M | 67.8M | 65.4M | 62.7M | 63.7M |
| Shares Outstanding (Diluted) | 66.8M | 66.9M | 67.1M | 67.7M | 68.3M | 65.8M | 63.9M | 65.1M |
| Dividends Per Share | $3.64 | $3.48 | $3.30 | $3.06 | $2.86 | $2.86 | $2.60 | $2.20 |