Filing Flows › Reinsurance Group of America (RGA) › Q2 2025
Reinsurance Group of America (RGA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Reinsurance Group of America (RGA) reported revenue of $5.6B for the second quarter 2025 (Q2 2025), +15% from a year earlier and +6% from the quarter before. Operating margin was 6.1%, net earnings $181M (3.2% of revenue).
Reinsurance Group of America, Q2 2025: revenue $5.6B (+15% year over year), operating margin 6.1%, net earnings $181M, operating cash flow −$820M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.6B | +6% | +15% |
| Operating profit | $341M | -8% | +27% |
| Net earnings | $181M | -37% | -11% |
| Operating cash flow | −$820M | — | — |
What changed
Revenue was $5.6B in Q2 2025, up 15% year over year and up 6% from the previous quarter.
Operating profit was $0.34B, a 6.1% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, above the 6% margin then. Total costs grew 14% against revenue growth of 15%. Net earnings were $0.18B, down 11% year over year. The effective tax rate was 46.9%.
Operating cash flow was −$0.82B. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items used $1.0B.
Questions
What was Reinsurance Group of America's revenue in the second quarter 2025?
Reinsurance Group of America (RGA) reported revenue of $5.6B for the second quarter 2025 (Q2 2025), +15% from a year earlier and +6% from the quarter before.
Was Reinsurance Group of America profitable in the second quarter 2025?
Operating profit was $341M (6.1% of revenue) and net earnings $181M.