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% on a QoQ basis from $6.1 billion in Q4 2025.
Reinsurance Group Of America (RGA) has 18 years of Operating Expenses data on file, last reported at $6.1 billion in Q1 2026.
- Quarterly Operating Expenses rose 23.76% year-over-year to $6.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $23.3 billion (up 16.87% YoY) and the FY2025 annual result came in at $22.2 billion, up 4.88% from the prior year.
- Operating Expenses eased 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.
- The 5-year median for Operating Expenses is $4.8 billion (2023), against an average of $4.8 billion.
- The widest annual swing landed in 2024, when Operating Expenses jumped 55.51%; it then declined 19.36% in 2025.
- Tracing RGA's Operating Expenses over 5 years: stood at $4.0 billion in 2022, then rose by 21.81% to $4.8 billion in 2023, then gained by 3.57% to $5.0 billion in 2024, then advanced by 22.11% to $6.1 billion in 2025, then declined by 1.18% to $6.1 billion in 2026.
- Per Business Quant, the three latest RGA Operating Expenses figures stand at $6.1 billion (Q1 2026), $6.1 billion (Q4 2025), and $5.9 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Everest | 14.15 Bn | -33.10 Bn | 2.75 Bn | 3.33 Bn |
| 2 | Reinsurance Group Of America | 13.91 Bn | 4.92 Bn | -26.00 Mn | 6.05 Bn |
| 3 | Renaissancere Holdings | 12.54 Bn | 14.14 Bn | 1.21 Bn | 1.65 Bn |
| 4 | Hamilton Insurance | 3.14 Bn | 2.33 Bn | - | 539.55 Mn |
| 5 | SiriusPoint | 2.72 Bn | 1.83 Bn | 567.70 Mn | 653.10 Mn |
| 6 | Greenlight Capital Re | 577.91 Mn | 502.82 Mn | 62.99 Mn | 153.80 Mn |
| 7 | Oxbridge Re Holdings | 8.03 Mn | 7.22 Mn | - | 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 |
| Mar 31, 2021 | 3.93 Bn |
| Dec 31, 2020 | 3.97 Bn |
| Sep 30, 2020 | 3.36 Bn |
| Jun 30, 2020 | 3.41 Bn |
| Mar 31, 2020 | 3.30 Bn |
| Dec 31, 2019 | 3.48 Bn |
| Sep 30, 2019 | 3.28 Bn |
| Jun 30, 2019 | 3.21 Bn |
| Mar 31, 2019 | 3.20 Bn |
| Dec 31, 2018 | 3.14 Bn |
| Sep 30, 2018 | 2.90 Bn |
| Jun 30, 2018 | 2.95 Bn |
| Mar 31, 2018 | 3.04 Bn |
| Dec 31, 2017 | 2.98 Bn |
| Sep 30, 2017 | 2.81 Bn |
| Jun 30, 2017 | 2.79 Bn |
| Mar 31, 2017 | 2.80 Bn |
| Dec 31, 2016 | 2.77 Bn |
| Sep 30, 2016 | 2.61 Bn |
| Jun 30, 2016 | 2.69 Bn |
| Mar 31, 2016 | 2.40 Bn |
| Dec 31, 2015 | 2.62 Bn |
| Sep 30, 2015 | 2.30 Bn |
| Jun 30, 2015 | 2.42 Bn |
| Mar 31, 2015 | 2.34 Bn |
| Dec 31, 2014 | 2.42 Bn |
| Sep 30, 2014 | 2.48 Bn |
| Jun 30, 2014 | 2.53 Bn |
| Mar 31, 2014 | 2.46 Bn |
| Dec 31, 2013 | 2.51 Bn |
| Sep 30, 2013 | 2.19 Bn |
| Jun 30, 2013 | 2.67 Bn |
| Mar 31, 2013 | 2.32 Bn |
| Dec 31, 2012 | 2.40 Bn |
| Sep 30, 2012 | 2.25 Bn |
| Jun 30, 2012 | 2.16 Bn |
| Mar 31, 2012 | 2.11 Bn |
| Dec 31, 2011 | 2.15 Bn |
| Sep 30, 2011 | 1.84 Bn |
| Jun 30, 2011 | 2.02 Bn |
| Mar 31, 2011 | 2.06 Bn |
| Dec 31, 2010 | 2.00 Bn |
| Sep 30, 2010 | 1.76 Bn |
| Jun 30, 2010 | 1.73 Bn |
| Mar 31, 2010 | 1.91 Bn |
| Dec 31, 2009 | 1.78 Bn |
| Sep 30, 2009 | 1.60 Bn |