Reinsurance Group Of America (RGA) Operating Expenses (2009 - 2026)
Reinsurance Group Of America (RGA) reported 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 18 years of Operating Expenses data on file, last reported at $6.1 billion in Q1 2026.
- Operating Expenses for Q1 2026 came in at $6.1 billion, up 23.76% year-over-year; the trailing twelve-month figure through Mar 2026 was $23.3 billion (up 16.87% YoY), and the FY2025 annual result was $22.2 billion, up 4.88% from the prior year.
- Operating Expenses slipped to $6.1 billion in Q1 2026 per RGA's latest filing, from $6.1 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $6.1 billion in Q4 2025 and troughed at $3.6 billion in Q1 2022.
- A 5-year average of $4.8 billion and a median of $4.8 billion in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 55.51% in 2024, then retreated 19.36% in 2025.
- A 5-year view of Operating Expenses shows it stood at $4.0 billion in 2022, then advanced by 21.81% to $4.8 billion in 2023, then climbed by 3.57% to $5.0 billion in 2024, then grew by 22.11% to $6.1 billion in 2025, then retreated 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Reinsurance Group Of America | 13.65 Bn | 4.66 Bn | -26.00 Mn | 6.05 Bn |
| 2 | Everest | 13.51 Bn | -33.73 Bn | 2.75 Bn | 3.33 Bn |
| 3 | Renaissancere Holdings | 12.72 Bn | 14.32 Bn | 1.21 Bn | 1.65 Bn |
| 4 | Hamilton Insurance | 3.17 Bn | 2.36 Bn | - | 539.55 Mn |
| 5 | SiriusPoint | 2.73 Bn | 1.85 Bn | 567.70 Mn | 653.10 Mn |
| 6 | Greenlight Capital Re | 540.25 Mn | 465.17 Mn | 62.99 Mn | 153.80 Mn |
| 7 | Kestrel | 91.87 Mn | 65.07 Mn | 7.94 Mn | 11.74 Mn |
| 8 | Oxbridge Re Holdings | 7.74 Mn | 6.93 Mn | - | 583,000.00 |
| 9 | Reinsurance Group Of America | - | - | -26.00 Mn | 6.05 Bn |
| 10 | Oxbridge Re Holdings | - | - | - | 583,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 3.66 Bn |