REINSURANCE GROUP OF AMERICA, INCORPORATED
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.18B | $717.0M | $902.0M | $517.0M | $1.17B | $415.0M | $870.0M | $716.0M |
| Depreciation & Amortization | $43.0M | $46.0M | $41.0M | $38.0M | $43.0M | $49.0M | $49.0M | $45.0M |
| Depreciation | — | — | — | $15.0M | $16.0M | $17.0M | $18.0M | $18.0M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $4.09B | $9.37B | $4.04B | $1.34B | $4.18B | $3.32B | $2.31B | $1.58B |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | $25.0M | $19.0M | $28.0M | $34.0M | $29.0M |
| Business Acquisitions | — | — | $0 | $0 | $156.0M | $0 | $-4.0M | $32.0M |
| Net Cash from Investing Activities | $-12.09B | $-12.55B | $-4.07B | $-5.69B | $-4.63B | $-2.68B | $-2.64B | $-637.0M |
| Financing Activities | ||||||||
| Dividends Paid | $240.0M | $229.0M | $219.0M | $205.0M | $194.0M | $182.0M | $163.0M | $140.0M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $8.80B | $3.66B | $78.0M | $4.44B | $20.0M | $1.25B | $-121.0M | $-322.0M |
| Net Change in Cash | $842.0M | $356.0M | $43.0M | $-21.0M | $-460.0M | $1.96B | $-441.0M | $586.0M |
| Free Cash Flow | — | — | — | $1.32B | $4.16B | $3.29B | $2.27B | $1.55B |