Reinsurance Group Of America (RGA) Operating Expenses (2009 - 2026)
Reinsurance Group Of America (RGA) posted quarterly Operating Expenses of $6.1 billion for Q1 2026, up 23.76% year-over-year from $4.9 billion in Q1 2025, and down 1.18% quarter-over-quarter from $6.1 billion in Q4 2025.
Reinsurance Group Of America (RGA) Operating Expenses (2009 - 2026) Analysis & Trends
Reinsurance Group Of America (RGA) has reported Operating Expenses for 18 consecutive years, with $6.1 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 23.76% year-over-year to $6.1 billion; the TTM figure through Mar 2026 stood at $23.3 billion (up 16.87% YoY), while the FY2025 annual figure was $22.2 billion, up 4.88% from the prior year.
- Operating Expenses fell to $6.1 billion in Q1 2026 per RGA's latest filing, from $6.1 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $6.1 billion in Q4 2025 and bottomed at $3.6 billion in Q1 2022.
- Historically, Operating Expenses has averaged $4.8 billion across 5 years, with a median of $4.8 billion in 2023.
- Annual changes were most pronounced in 2024 — Operating Expenses soared 55.51% — and 2025, when it retreated 19.36%.
- Reinsurance Group Of America's Operating Expenses stood at $4.0 billion in 2022, then climbed by 21.81% to $4.8 billion in 2023, then grew by 3.57% to $5.0 billion in 2024, then increased by 22.11% to $6.1 billion in 2025, then decreased by 1.18% to $6.1 billion in 2026.
- Business Quant data shows RGA's Operating Expenses at $6.1 billion in Q1 2026, $6.1 billion in Q4 2025, and $5.9 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Reinsurance Group Of America | 15.93 Bn | 10.26 Bn | 2.16 Bn | 6.03 Bn |
| 2 | Everest | 14.29 Bn | -33.07 Bn | 1.79 Bn | 3.28 Bn |
| 3 | Renaissancere Holdings | 13.28 Bn | -13.20 Bn | 1.83 Bn | 1.65 Bn |
| 4 | Hamilton Insurance | 3.50 Bn | -685.35 Mn | 478.09 Mn | 582.31 Mn |
| 5 | SiriusPoint | 2.75 Bn | 2.07 Bn | 385.90 Mn | 659.80 Mn |
| 6 | Greenlight Capital Re | 514.18 Mn | -185.48 Mn | 49.73 Mn | 166.89 Mn |
| 7 | Kestrel | 62.55 Mn | 34.74 Mn | 5.17 Mn | 10.49 Mn |
| 8 | Oxbridge Re Holdings | 10.90 Mn | -8.93 Mn | - | 647,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.03 Bn |
| Mar 31, 2026 | 6.05 Bn |
| Dec 31, 2025 | 6.13 Bn |
| Sep 30, 2025 | 5.88 Bn |
| Jun 30, 2025 | 5.26 Bn |
| Mar 31, 2025 | 4.89 Bn |
| Dec 31, 2024 | 5.02 Bn |
| Sep 30, 2024 | 5.44 Bn |
| Jun 30, 2024 | 4.61 Bn |
| Mar 31, 2024 | 6.07 Bn |
| Dec 31, 2023 | 4.84 Bn |
| Sep 30, 2023 | 4.77 Bn |
| Jun 30, 2023 | 3.89 Bn |
| Mar 31, 2023 | 3.90 Bn |
| Dec 31, 2022 | 3.98 Bn |
| Sep 30, 2022 | 4.13 Bn |
| Jun 30, 2022 | 3.76 Bn |
| Mar 31, 2022 | 3.65 Bn |
| Dec 31, 2021 | 4.30 Bn |
| Sep 30, 2021 | 4.08 Bn |