Reinsurance Group of America (RGA) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of Reinsurance Group of America $199, price $256, upside -22.4%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 6, 2026.
How to read this chart
60‑month range $86.25 – $255.93 · fair‑value band $180.30 – $258.79 · the $255.93 price screens above the $198.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 6, 2026.
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Reinsurance Group of America, Incorporated provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.
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Reinsurance Group of America, Incorporated provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia. It offers individual and group life and health, disability, long-term care, and critical illness reinsurance; and financial solutions, such as asset-intensive reinsurance, longevity reinsurance, stable value products, pension risk transfer transactions, and capital solutions. The company also provides reinsurance for mortality, morbidity, lapse, and investment-related risks; coinsurance of payout annuities; underwritten annuities; funding agreement backed note program and other capital motivated solutions; and superannuation. Reinsurance Group of America, Incorporated was founded in 1973 and is headquartered in Chesterfield, Missouri.
Stock analysis
Reinsurance Group of America (RGA) currently trades at $255.93, while our model-based Fair Value estimate is $198.66, 22.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $235.31 per share, and 1 of the 6 models we run sit above the $255.93 price.
Bear case: the Dividend Discount group reads lowest at $59.16, and 5 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: $180.30 (bear) to $258.79 (bull), the price of $255.93 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Reinsurance Group of America reported revenue of $22.8B in FY2025 versus $16.7B in FY2021, a compound +8.2%/yr. Reported net income was $1.2B in FY2025, compounding +17.6%/yr from FY2021.
Key figures
Market cap $17.1B · P/E ratio 11.3 · P/S ratio 0.58 · EPS (TTM) $22.70 · Dividend yield 1.5% · Net margin 5.2% · Return on equity 11.7% · Return on assets (EBIT) 0.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 43% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 20% fair-value upside, at −22%, RGA screens richer than that median.
Fair Value models
Bear $180.30Fair Value $198.66Bull $258.79
Price $255.93 · Upside -22.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($14.66 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+3.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.3%
Start year 2020 (pandemic). Over 10 years: +115.8% a year
Revenue growth 32 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+20.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+18.6%
Dividend (yield on the price)1.5%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 7%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−20.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −22.2% a year for the price and +4.4% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance - Reinsurance · 25 stocks
Beats the industry median on 4/15 measures
Overall it trails its industry peers.
Valuation
Quality Score46 · Bottom 25%
Fair Value upside−21.0% · Below median
Profitability
Return on equity (TTM)11.7% · Below median
Return on assets1.0% · Bottom 25%
Net margin (TTM)5.8% · Bottom 25%
Operating margin (TTM)10.6% · Below median
Growth and dividend
Revenue growth18.5% · Top 25%
Dividend yield (TTM)1.5% · Below median
Balance sheet
Debt / equity0.42× · Highest 25%
Valuation Multiplesvs Insurance - Reinsurance median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Reinsurance Group of America Fair Value". https://www.fairvalue-calculator.com/stock/RGA
Frequently asked questions
Is Reinsurance Group of America (RGA) overvalued or undervalued?
As of Oct 6, 2026, our model estimates a fair value of $198.66 versus a price of $255.93, about −22% upside (overvalued).
What is the fair value of RGA?
Our model-based fair value for Reinsurance Group of America is $198.66 (as of Oct 6, 2026), built from audited fundamentals. The current price: $255.93.
What is the quality score of RGA?
Reinsurance Group of America has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Reinsurance Group of America (RGA)?
Our model-based price target is the fair value of $198.66 (as of Oct 6, 2026) from 6 valuation models. Cautious scenario $180.30, optimistic scenario $258.79. It is a calculation from audited fundamentals, not an analyst target.
What is the Reinsurance Group of America stock forecast for 2026?
Our models put fair value at $198.66, about −22% upside versus a price of $255.93 (overvalued). Cautious scenario $180.30, optimistic scenario $258.79. The calculation is refreshed regularly with new filings.
What is the revenue of Reinsurance Group of America (RGA)?
Reinsurance Group of America reported trailing-twelve-month revenue of about $26.0B (latest available figure, as of Oct 6, 2026).
Does Reinsurance Group of America pay a dividend?
Reinsurance Group of America currently shows a dividend yield of about 1.45% relative to its recent price (as of Oct 6, 2026).
What growth is priced into Reinsurance Group of America (RGA)?
For today's price to be fair in a discounted-cash-flow model, Reinsurance Group of America would have to grow free cash flow by -20.3 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.3 % per year. As of Oct 6, 2026.
What discount rate (WACC) does the fair value of RGA use?
Our models discount Reinsurance Group of America at 8.1 %: a base by market capitalisation (large), damped by beta 0.46, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Reinsurance Group of America that is -20.3 % per year a year over ten years, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has Reinsurance Group of America (RGA) delivered so far?
Over the past 5 years revenue at Reinsurance Group of America grew +9.3 % a year. The price currently implies -20.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Reinsurance Group of America (RGA) growing?
The median revenue growth in the sector is +9.3 % a year. That is the yardstick for the growth priced into Reinsurance Group of America (-20.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Reinsurance Group of America (RGA)?
The free-cash-flow yield on the price is 23.95 %: that much free cash flow Reinsurance Group of America produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Reinsurance Group of America (RGA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Reinsurance Group of America it is $198.66 per share (as of Oct 6, 2026), against a price of $255.93. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Reinsurance Group of America stock overvalued or undervalued in 2026?
As of Oct 6, 2026, RGA trades above its calculated fair value: price $255.93, fair value $198.66, a gap of about −22% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of RGA?
No. The price is what the market pays today ($255.93); the fair value is what the company's own numbers justify ($198.66). For Reinsurance Group of America the two are $57.27 per share apart. That gap is exactly why we show both numbers side by side.
How much is Reinsurance Group of America worth?
The market values Reinsurance Group of America at about $17.1B (market capitalisation, as of Oct 6, 2026). Per share that is $255.93; our models calculate a fair value of $198.66 per share.
What do the bullish and bearish scenarios say about RGA?
Our models span a range for Reinsurance Group of America: cautious scenario $180.30, base $198.66, optimistic $258.79 per share (as of Oct 6, 2026, price $255.93). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RGA?
Reinsurance Group of America trades at a price-to-earnings ratio of 11.3 (as of Oct 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $198.66 is built from several models across several years. Other multiples: PEG 1.1, P/B 1.3, P/S 0.6, EV/EBITDA 7.9.
What is the PEG ratio of RGA?
The PEG ratio of Reinsurance Group of America is 1.14 (P/E divided by earnings growth, as of Oct 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Reinsurance Group of America (RGA)?
Balance-sheet figures for Reinsurance Group of America (as of Oct 6, 2026): return on equity 11.7%, debt of 0.42 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is RGA from its 52-week high?
Reinsurance Group of America trades at $255.93, at its 52-week high of $255.93 and 43% above the low of $179.11 (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of $198.66 is for.
Which stocks are comparable to Reinsurance Group of America?
From the same area (Financial Services) we also value MUV2, Swiss Re AG, Hannover Rück SE, Everest Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Reinsurance Group of America stock attractive at the current price?
The data as of Oct 6, 2026: price $255.93, calculated fair value $198.66 (−22%), Quality Score 46/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of RGA calculated?
We run Reinsurance Group of America through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $198.66, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Reinsurance Group of America itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Reinsurance Group of America (RGA)?
The closing price on Oct 8, 2026 was $255.93. Our model-based fair value is $198.66, about −22% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Reinsurance Group of America right now?
Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Reinsurance Group of America
How large is the market capitalisation of Reinsurance Group of America (RGA)?
The market capitalisation of Reinsurance Group of America is $17.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Reinsurance Group of America (RGA)?
The price-to-sales ratio of Reinsurance Group of America is 0.58 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Reinsurance Group of America (RGA)?
Earnings per share at Reinsurance Group of America are $22.70 (price ÷ EPS = P/E 11.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Reinsurance Group of America (RGA)?
The dividend yield of Reinsurance Group of America is 1.5% (payout 16.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Reinsurance Group of America (RGA)?
The net margin of Reinsurance Group of America is 5.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Reinsurance Group of America (RGA)?
The return on equity (ROE) of Reinsurance Group of America is 11.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Reinsurance Group of America (RGA)?
On an EBIT basis the return on assets of Reinsurance Group of America is 0.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Reinsurance Group of America (RGA)?
The operating margin of Reinsurance Group of America is 10.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Reinsurance Group of America (RGA)?
Revenue at Reinsurance Group of America is growing +18.5% versus a year earlier (3y avg +12.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Reinsurance Group of America (RGA)?
Earnings per share at Reinsurance Group of America are growing +160% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Reinsurance Group of America (RGA) carry?
The net debt of Reinsurance Group of America is $1.5B (fiscal year 2025, ≈ 0.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 6, 2026