Reinsurance Group of America, Incorporated
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
8.907.84
Price/Sales ratio
0.570.54
Earnings per Share (EPS)
$21.10$23.97

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
8.8711.3311.525.5112.4711.7418.2612.0318.3812.0319.1912.47
Price/Sales ratio
0.550.540.700.800.690.710.510.440.580.590.630.71
Price/Book Value ratio
0.860.921.141.041.050.880.520.572.291.191.251.05
Price/Cash Flow ratio
2.592.725.515.065.644.432.281.777.072.681.554.43
Price/Free Cash Flow ratio
2.692.755.695.185.754.492.301.787.212.681.544.49
Price/Earnings Growth ratio
0.12-0.480.250.03-0.200.50-0.330.27-1.220.16-1.640.50
Dividend Yield
1.43%1.64%1.24%1.16%1.56%1.59%2.40%2.61%2.15%2.01%1.64%1.56%
Profitability Indicator Ratios
Gross Profit Margin
99.99%99.99%99.99%99.99%99.99%93.93%94.40%94.38%93.79%95.31%94.86%94.86%
Operating Profit Margin
10.13%8.52%10.25%10.29%7.71%5.17%1.32%1.46%5.78%N/A4.46%5.17%
Pretax Profit Margin
9.24%7.14%9.06%9.13%6.56%7.91%3.78%4.14%5.11%6.32%4.20%7.91%
Net Profit Margin
6.27%4.82%6.08%14.55%5.55%6.08%2.84%3.70%3.18%4.91%3.32%6.08%
Effective Tax Rate
32.17%32.57%32.80%-59.44%15.36%23.14%24.95%10.70%24.54%21.63%20.13%15.36%
Return on Assets
1.53%0.99%1.32%3.01%1.10%1.13%0.49%0.66%0.61%0.92%0.60%1.13%
Return On Equity
9.73%8.18%9.88%19.04%8.47%7.49%2.89%4.74%12.47%9.93%7.37%7.49%
Return on Capital Employed
10.92%9.51%10.71%9.80%8.28%0.97%0.22%0.26%1.11%N/A0.84%0.97%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A17.33N/A
Quick Ratio
1.111.061.101.121.07112.57181.36126.19139.57N/A17.331.07
Cash ratio
0.040.030.020.020.032.608.524.807.31N/A1.080.03
Days of Sales Outstanding
70.4985.3282.8391.00107.0298.1195.65119.81N/AN/AN/A98.11
Days of Inventory outstanding
N/AN/AN/AN/AN/A-2.61K-3.73K-3.16KN/AN/AN/AN/A
Operating Cycle
70.4985.3282.8391.00107.02-2.52K-3.63K-3.04KN/AN/AN/AN/A
Days of Payables Outstanding
N/AN/A219.95K251.00K226.15K234.22267.48239.04273.47N/AN/A234.22
Cash Conversion Cycle
70.4985.32-219.87K-250.91K-226.04K-2.75K-3.90K-3.27K-273.47N/AN/A-226.04K
Debt Ratios
Debt Ratio
0.060.060.070.050.040.040.040.040.040.040.040.04
Debt Equity Ratio
0.430.520.550.370.360.300.270.290.950.480.450.36
Long-term Debt to Capitalization
0.300.340.350.270.260.230.210.220.480.320.310.26
Total Debt to Capitalization
0.300.340.350.270.260.230.210.220.480.320.310.26
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A3.40N/A
Cash Flow to Debt Ratio
0.760.650.370.550.510.640.831.080.330.911.770.51
Company Equity Multiplier
6.368.217.486.327.646.615.897.0820.4310.7510.807.64
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.210.200.120.150.120.160.220.250.080.220.410.12
Free Cash Flow / Operating Cash Flow Ratio
0.960.980.960.970.980.980.990.990.9811.000.98
Cash Flow Coverage Ratio
0.760.650.370.550.510.640.831.080.330.911.770.51
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
12.75%18.59%14.30%6.43%19.57%18.73%43.85%31.44%39.65%24.27%31.22%19.57%