RGA Reinsurance Group Of America margins

Relative Growth: Rel. Growth: 98

Relative Strength: Rel. Strength: 87

Relative Valuation: Rel. Valuation: 95

Relative Profitability: Rel. Profitability: 51

Gross margin

21.7%

Operating margin

8.7%

EBITDA margin

8.9%

Net margin

5.8%

For this period, Reinsurance Group Of America reports a gross margin of 21.7%, an operating margin of 8.7%, an EBITDA margin of 8.9%, and a net margin of 5.8%. Each available margin increased from the same period last year. Net margin recorded the strongest gain, rising by 2.3 percentage points.

RGA margin history

Gross, operating, EBITDA and net margin trends

Reinsurance Group Of America's margins averaged 20.24% gross, 7.02% operating, 7.2% EBITDA, and 4.23% net over the last 3 years. Compared with their three-year averages, all four current margins are higher.

RGA margin expansion

Year-over-year margin changes in percentage points

The biggest expansion was in net margin, which rose by 2.3 percentage points. The other available margins also improved.

Gross margin expansion

1pp

Operating margin expansion

1.9pp

EBITDA margin expansion

1.9pp

Net margin expansion

2.3pp

RGA Gross margin

Looking back over the last 3 years, Reinsurance Group Of America recorded an average gross margin of 20.24%. Against its three-year average, Reinsurance Group Of America's gross margin is currently 21.7%, 1.5 percentage points above its three-year average. The highest gross margin for Reinsurance Group Of America was 21.7% in Jun 2026, while the lowest was 18.2% in Sep 2024.

RGA Operating margin

Reinsurance Group Of America's operating margin averaged 7.02% over the last 3 years. The current operating margin of 8.7% is 1.7 percentage points above its three-year average. Over the last 3 years, Reinsurance Group Of America's operating margin peaked at 8.7% in Jun 2026 and reached a low of 5.5% in Sep 2024.

RGA EBITDA margin

Across the last 3 years, Reinsurance Group Of America recorded an average EBITDA margin of 7.2%. Reinsurance Group Of America's current EBITDA margin is 8.9% and is 1.7 percentage points above its three-year average. The highest EBITDA margin for Reinsurance Group Of America was 8.9% in Jun 2026, while the lowest was 5.7% in Sep 2024.

RGA Net margin

Reinsurance Group Of America recorded an average net margin of 4.23% across the last 3 years. The current net margin of 5.8% is 1.6 percentage points above its three-year average. During this period, net margin reached a high of 5.8% in Jun 2026 and a low of 3.2% in Dec 2024.

RGA margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 21.7%, RGA ranks lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 83.7%, Reinsurance Group Of America's gross margin is 74% lower.

RGA margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Reinsurance Group Of America's gross margin?

As of Jun 30, 2026, RGA has a gross margin of 21.7%.

What is Reinsurance Group Of America's operating margin?

For the period ending Jun 30, 2026, RGA recorded an operating margin of 8.7%.

What is Reinsurance Group Of America's EBITDA margin?

The current EBITDA margin for RGA is 8.9% as of Jun 30, 2026.

What is Reinsurance Group Of America's net margin?

For the period ending Jun 30, 2026, RGA recorded a net margin of 5.8%.

What are the average margins of RGA?

Across the last 3 years, RGA averaged 20.2% gross, 7.0% operating, 7.2% EBITDA, and 4.2% net.

What are the highest historical margins of RGA?

In the last 5 years, the highest margins reported by RGA were 23.6% gross in Mar 2022, 9.7% operating in Mar 2022, 10% EBITDA in Mar 2022, and 7.5% net in Mar 2022.

What are the lowest historical margins of RGA?

Reinsurance Group Of America's lowest recorded margins during the past 5 years were 18.2% gross in Sep 2024, 5.5% operating in Sep 2024, 5.7% EBITDA in Sep 2024, and 3.2% net in Dec 2022.