Filing Flows › Reinsurance Group of America (RGA) › Q1 2025
Reinsurance Group of America (RGA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Reinsurance Group of America (RGA) reported revenue of $5.3B for the first quarter 2025 (Q1 2025), -17% from a year earlier and +0.4% from the quarter before. Operating margin was 7.0%, net earnings $288M (5.5% of revenue).
Reinsurance Group of America, Q1 2025: revenue $5.3B (-17% year over year), operating margin 7.0%, net earnings $288M, operating cash flow −$1.4B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.3B | +0.4% | -17% |
| Operating profit | $369M | +64% | +36% |
| Net earnings | $288M | +92% | +36% |
| Operating cash flow | −$1.4B | — | — |
What changed
Revenue was $5.3B in Q1 2025, down 17% year over year and roughly flat from the previous quarter.
Operating profit was $0.37B, a 7.0% margin (up 2.7 points year over year). Total costs fell 19% while revenue fell 17%. Net earnings were $0.29B, up 36% year over year. The effective tax rate was 22.0%.
Operating cash flow was −$1.4B. Non-cash charges added back $0.01B of share-based compensation. Working capital and other items used $1.7B.
Questions
What was Reinsurance Group of America's revenue in the first quarter 2025?
Reinsurance Group of America (RGA) reported revenue of $5.3B for the first quarter 2025 (Q1 2025), -17% from a year earlier and +0.4% from the quarter before.
Was Reinsurance Group of America profitable in the first quarter 2025?
Operating profit was $369M (7.0% of revenue) and net earnings $288M.