Life Insurance Product Line was Reinsurance Group Of America’s largest product and service line in fiscal 2022, bringing in $13.70B of $16.50B (83%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2022 |
|---|---|---|---|---|---|---|
| Life Insurance Product Line | $11.99B | $12.26B | $13.70B | |||
| Insurance, Other | $2.06B | $2.09B | $2.80B | |||
| Other Insurance Product Line | — | — | — | |||
| Total | $14.04B | $14.35B | $16.50B |
Reinsurance Group Of America brought in $16.50B from its two product and service lines in fiscal 2022, the year ended December 31, 2022. That was up 15.0% from $14.35B in fiscal 2020, the previous year with figures. Life Insurance Product Line was the largest at $13.70B (83.0%), ahead of Insurance, Other at $2.80B (17.0%).
Compared with fiscal 2020, the previous year with figures, Insurance, Other grew 34.0% to $2.80B and Life Insurance Product Line grew 11.7% to $13.70B. From fiscal 2019 to 2022, combined revenue from these lines grew from $14.04B to $16.50B, a compound annual growth rate of 5.5%. Life Insurance Product Line's share of the total fell from 85.4% to 83.0%.
Americas was Reinsurance Group Of America’s largest segment in fiscal 2017, bringing in $7.25B of $12.52B (58%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Americas | — | — | $6.81B | $7.25B | |||||
| Us Traditional Segment Reporting Information | $5.28B | $5.47B | — | — | |||||
| Us Segment Reporting Information | — | — | — | — | |||||
| Asia Pacific | — | — | $1.83B | $2.28B | |||||
| Asia Pacific Segment Reporting Information | — | — | — | — | |||||
| Asia Pacific Traditional Segment Reporting Information | $1.69B | $1.64B | — | — | |||||
| Emea | — | — | $1.54B | $1.67B | |||||
| Europe | — | — | — | — | |||||
| Europe & South Africa Segment Reporting Information | — | — | — | — | |||||
| Emea Traditional Segment Reporting Information | $1.24B | $1.19B | — | — | |||||
| Canada Segment Reporting Information | — | — | $1.16B | $1.15B | |||||
| Canada Traditional Segment Reporting Information | $1.15B | $1.02B | — | — | |||||
| Us Non-Traditional Segment Reporting Information | $1.01B | $643.87M | — | — | |||||
| Emea Non-Traditional Segment Reporting Information | $322.80M | $286.67M | — | — | |||||
| Corporate & Other Segment Reporting Information | — | — | $180.96M | $156.00M | |||||
| Corporate | $110.35M | $68.90M | — | — | |||||
| Asia Pacific Non-Traditional Segment Reporting Information | $70.28M | $56.58M | — | — | |||||
| Canada Non-Traditional Segment Reporting Information | $28.35M | $45.03M | — | — | |||||
| Total | $10.90B | $10.42B | $11.52B | $12.52B |
Reinsurance Group Of America brought in $12.52B from its five segments in fiscal 2017, the year ended December 31, 2017. That was up 8.6% from $11.52B in fiscal 2016. Americas was the largest at $7.25B (57.9%), ahead of Asia Pacific at $2.28B (18.2%) and Emea at $1.67B (13.4%). The other two segments brought in $1.31B combined.
Compared with fiscal 2016, Asia Pacific grew fastest, up 24.5% to $2.28B, while Canada Segment Reporting Information fell the most, down 1.1% to $1.15B.
Reinsurance Group Of America began breaking out Americas in fiscal 2016, Asia Pacific in fiscal 2016 and Emea in fiscal 2016. Reinsurance Group Of America stopped reporting Us Traditional Segment Reporting Information ($5.47B in fiscal 2015), Asia Pacific Traditional Segment Reporting Information ($1.64B in fiscal 2015), Emea Traditional Segment Reporting Information ($1.19B in fiscal 2015) and six others as separate segments.
Americas was Reinsurance Group Of America’s largest region in fiscal 2022, bringing in $8.91B of $16.50B (54%).
| Geography | FY 2018 | FY 2019 | FY 2020 | FY 2022 |
|---|---|---|---|---|
| Americas | $7.78B | $7.78B | $8.91B | |
| Asia Pacific | $2.91B | $3.12B | $3.47B | |
| Emea | $1.97B | $2.10B | $2.53B | |
| Canada | — | — | $1.59B | |
| Canada Segment Reporting Information | $1.39B | $1.35B | — | |
| Total | $14.04B | $14.35B | $16.50B |
Reinsurance Group Of America brought in $16.50B from its four regions in fiscal 2022, the year ended December 31, 2022. Reinsurance Group Of America regrouped these regions after fiscal 2020, so the total does not compare directly with that year's $14.35B. Americas was the largest at $8.91B (54.0%), ahead of Asia Pacific at $3.47B (21.0%) and Emea at $2.53B (15.3%). The remaining region, Canada, brought in $1.59B.
Compared with fiscal 2020, the previous year with figures, Emea grew fastest, up 20.2% to $2.53B. Every region above 2% of revenue grew.
Reinsurance Group Of America began breaking out Canada in fiscal 2022, when it brought in $1.59B. Reinsurance Group Of America stopped reporting Canada Segment Reporting Information as a separate region after fiscal 2020, when it brought in $1.35B.
Reinsurance Group Of America (RGA) reports its revenue by product and service, by segment and by geography. In fiscal 2022, Life Insurance Product Line was its largest product and service line, bringing in $13.70B (83.0% of the total), followed by Insurance, Other at $2.80B (17.0%).
Life Insurance Product Line was Reinsurance Group Of America's largest product and service line in fiscal 2022, bringing in $13.70B, or 83.0% of the $16.50B total across its two product and service lines.
Americas was Reinsurance Group Of America's largest segment in fiscal 2017, bringing in $7.25B, or 57.9% of the $12.52B total across its five segments.
Americas was Reinsurance Group Of America's largest region in fiscal 2022, bringing in $8.91B, or 54.0% of the $16.50B total across its four regions.
Among Reinsurance Group Of America's segments that make up at least 2% of revenue, Asia Pacific grew fastest in fiscal 2017, up 24.5% from $1.83B to $2.28B.
Every figure comes from Reinsurance Group Of America's annual financial filings, as reported. Each line keeps the name Reinsurance Group Of America gives it, and years follow its fiscal calendar.
Reinsurance Group Of America's revenue by product and service goes back to fiscal 2016, with figures through fiscal 2022. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.