Reinsurance Group Of America (RGA) Operating Margin (2009 - 2026)
Reinsurance Group Of America (RGA) posted quarterly Operating Margin of 37.02% for Q1 2026, up 1360.0% year-over-year from 2.54% in Q1 2025, and up 45.25% quarter-over-quarter from 25.49% in Q4 2025.
Reinsurance Group Of America (RGA) Operating Margin (2009 - 2026) Analysis & Trends
Reinsurance Group Of America (RGA) has reported Operating Margin for 18 consecutive years, with 37.02% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 1360.0% year-over-year to 37.02%; the TTM figure through Mar 2026 stood at 27.24% (up 496.0% YoY), while the FY2025 annual figure was 33.7%, up 895.0% from the prior year.
- Operating Margin advanced to 37.02% in Q1 2026 per RGA's latest filing, from 25.49% in the prior quarter.
- Across five years, Operating Margin topped out at 80.11% in Q1 2022 and bottomed at 15.16% in Q1 2024.
- Historically, Operating Margin has averaged 25.35% across 5 years, with a median of 21.02% in 2024.
- Annual changes were most pronounced in 2022 — Operating Margin surged 6040 bps — and 2023, when it plunged 5998 bps.
- Reinsurance Group Of America's Operating Margin stood at 19.0% in 2022, then climbed by 0 bps to 19.09% in 2023, then gained by 18 bps to 22.61% in 2024, then advanced by 13 bps to 25.49% in 2025, then surged by 45 bps to 37.02% in 2026.
- Business Quant data shows RGA's Operating Margin at 37.02% in Q1 2026, 25.49% in Q4 2025, and 23.77% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Reinsurance Group Of America | 15.93 Bn | 10.26 Bn | 2.16 Bn | 28.08% |
| 2 | Everest | 14.29 Bn | -33.07 Bn | 1.79 Bn | 13.20% |
| 3 | Renaissancere Holdings | 13.28 Bn | -13.20 Bn | 1.83 Bn | 15.62% |
| 4 | Hamilton Insurance | 3.50 Bn | -685.35 Mn | 478.09 Mn | -12.41% |
| 5 | SiriusPoint | 2.75 Bn | 2.07 Bn | 385.90 Mn | 8.80% |
| 6 | Greenlight Capital Re | 514.18 Mn | -185.48 Mn | 49.73 Mn | -72.41% |
| 7 | Kestrel | 62.55 Mn | 34.74 Mn | 5.17 Mn | -79.60% |
| 8 | Oxbridge Re Holdings | 10.90 Mn | -8.93 Mn | - | 7.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 28.08% |
| Mar 31, 2026 | 37.02% |
| Dec 31, 2025 | 25.49% |
| Sep 30, 2025 | 23.77% |
| Jun 30, 2025 | 25.15% |
| Mar 31, 2025 | 23.42% |
| Dec 31, 2024 | 22.61% |
| Sep 30, 2024 | 21.02% |
| Jun 30, 2024 | 22.18% |
| Mar 31, 2024 | 15.16% |
| Dec 31, 2023 | 19.09% |
| Sep 30, 2023 | 17.89% |
| Jun 30, 2023 | 20.62% |
| Mar 31, 2023 | 20.14% |
| Dec 31, 2022 | 19.00% |
| Sep 30, 2022 | 18.99% |
| Jun 30, 2022 | 19.32% |
| Mar 31, 2022 | 80.11% |
| Dec 31, 2021 | 17.69% |
| Sep 30, 2021 | 19.69% |