Reinsurance Group of America (RGA) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Reinsurance Group of America stock $199, price $262, that is 24.2% below the price, quality 47 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $85.90 – $272.05 · fair‑value band $171.42 – $253.62 · the $261.96 price screens above the $198.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 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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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 $261.96, while our model-based Fair Value estimate is $198.66, 24% 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 $221.80 per share, and 0 of the 6 models we run sit above the $261.96 price.
Bear case: the Dividend Discount group reads lowest at $67.11, and 6 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $171.42 (bear) to $253.62 (bull), the price of $261.96 sits above 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 47/100 (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 $17.5B Large · P/E ratio 11.5 · P/S ratio 0.67 · EPS (TTM) $22.71 · Dividend yield 1.4% · Net margin 5.8% · Return on equity 11.7% · Return on assets (EBIT) 0.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 44% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 19% fair-value upside, at −24%, RGA screens richer than that median.
Fair Value models
Bear$171.42Fair Value $198.66Bull$253.62
Price $261.96 · Downside -24.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($16.13 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.Coverage ⓘCoverage = 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.
In the last 6 months, 3 officers or directors sold shares worth $3.7M and none bought.
SaleJonathan PorterEVP, Global Chief Risk Officer8,589 shares at $246.30$2.1MAug 12, 2026
SaleJohn W. HaydenEVP, Controller414 shares at $214.95$88,989May 20, 2026
SaleRonald HerrmannExecutive Vice President7,000 shares at $210.58$1.5MMay 14, 2026
Plus 7 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
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.
+20.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+18.6%
Dividend (yield on the price)1.4%
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%
News mood ⓘNews mood, the average tone of recent news (97 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.
AI conclusion: Large scale in life reinsurance supports broad coverage and recent results, yet thin evidence across categories leaves durable competitive strength unconfirmed.
Main risk: Regulatory shifts on reserve requirements or collateral for retrocession and captives could raise capital needs and constrain reinsurance capacity for RGA.
Bull case: RGA could adapt by expanding use of certified or reciprocal jurisdiction reinsurers and alternative capital structures to maintain efficient reserve financing.
Bear case: If collateral options tighten or retrocession becomes costlier, RGA might face higher capital charges, reduced new business volumes or margin pressure on its life reinsurance book.
Reinsurance Group of America runs a reinsurance book exceeding four trillion dollars in life coverage in force. Recent quarters show strong investment returns and solid claims experience that bolster results, yet our models see the stock as overvalued. Does this scale deliver lasting competitive strength, or do shifting rates and medical trends compress returns over time?
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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 · 22 stocks
Beats the industry median on 4/15 measures
Overall it trails its industry peers.
Valuation
Quality Score47 · Bottom 25%
Fair Value upside−24.2% · Below median
Profitability
Return on equity (12 months)11.7% · Below median
Return on assets0.8% · Bottom 25%
Net margin (12 months)5.8% · Bottom 25%
Operating margin (12 months)10.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)18.5% · Top 25%
Dividend yield (12 months)1.4% · Bottom 25%
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 Nov 6, 2026, our model estimates a fair value of $198.66 versus a price of $261.96, about 24% lower (overvalued).
What is the fair value of RGA?
Our model-based fair value for Reinsurance Group of America is $198.66 (as of Nov 6, 2026), built from audited fundamentals. The current price: $261.96.
What is the quality score of RGA?
Reinsurance Group of America has a Quality Score of 47/100. 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 Nov 6, 2026) from 6 valuation models. Cautious scenario $171.42, optimistic scenario $253.62. 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 24% lower versus a price of $261.96 (overvalued). Cautious scenario $171.42, optimistic scenario $253.62. 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 Nov 6, 2026).
Does Reinsurance Group of America pay a dividend?
Reinsurance Group of America currently shows a dividend yield of 1.42% relative to its recent price (as of Nov 6, 2026).
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 Nov 6, 2026), against a price of $261.96. 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 Nov 6, 2026, RGA trades above its calculated fair value: price $261.96, fair value $198.66, a gap of about −24% (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 ($261.96); the fair value is what the company's own numbers justify ($198.66). For Reinsurance Group of America the two are $63.30 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 $17.5B (market capitalisation, as of Nov 6, 2026). Per share that is $261.96; 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 $171.42, base $198.66, optimistic $253.62 per share (as of Nov 6, 2026, price $261.96). 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 11.5 (as of Nov 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. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 7 of the years ex one-offs: 11.8. Other multiples: PEG 1.1, P/B 1.3, P/S 0.7, EV/EBITDA 8.2.
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 Nov 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 Nov 6, 2026): return on equity 11.7%, debt of 0.42 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is RGA from its 52-week high?
Reinsurance Group of America trades at $261.96, about 4% below its 52-week high of $272.05 and 44% above the low of $181.80 (as of Nov 5, 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 Nov 6, 2026: price $261.96, calculated fair value $198.66 (−24%), Quality Score 47/100, 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 15.5% 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 Nov 5, 2026 was $261.96. Our model-based fair value is $198.66, about 24% lower (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?
The price sits above even our optimistic bull case ($253.62). The favourable scenario is already priced in. Weak quality (47/100) and above fair value at the same time, the margin of safety is missing on both counts. 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 $17.5B. 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 0.67 (last twelve months). 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 $22.71 (price ÷ EPS = P/E 11.5). 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 1.4% (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 5.8% (last twelve months). 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 free cash flow does Reinsurance Group of America (RGA) generate?
The free cash flow of Reinsurance Group of America is $4.1B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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
Nov 6, 2026