Reinsurance Group of America, Incorporated (RZB) Financial Ratios
20 years of historical data (2006–2025) · Financial Services · Insurance - Reinsurance
EV/EBITDA
↑
2098.53
↑+402% vs avg
5yr avg: 418.44
30Y Low2.2·High3.6
P/FCF
↓
0.41
↓-21% vs avg
5yr avg: 0.52
30Y Low0.2·High1.2
P/B Ratio
↓
0.12
↓-25% vs avg
5yr avg: 0.17
30Y Low0.1·High0.2
ROE
↑
9.7%
↓+29% vs avg
5yr avg: 7.5%
30Y Low0%·High22%
Debt/EBITDA
↑
3707.79
↑+398% vs avg
5yr avg: 744.73
30Y Low1.7·High6.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RZB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Reinsurance Group of America, Incorporated trades at 1.4x earnings, 40% below its 5-year average of 2.4x, sitting at the 20th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a discount of 89%. On a free-cash-flow basis, the stock trades at 0.4x P/FCF, 21% below the 5-year average of 0.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.7B | $1.7B | $1.6B | $1.7B | $1.6B | $2.0B | $1.9B | $1.8B | $1.5B | $1.8B | $1.7B |
| Enterprise Value | $3.2B | $3.2B | $3.4B | $3.2B | $2.6B | $2.9B | $2.5B | $3.9B | $3.1B | $4.1B | $4.4B |
| P/E Ratio → | 1.43 | 1.40 | 2.29 | 1.88 | 3.03 | 3.25 | 4.58 | 2.03 | 2.14 | 1.01 | 2.44 |
| P/S Ratio | 0.07 | 0.07 | 0.07 | 0.09 | 0.10 | 0.12 | 0.13 | 0.13 | 0.12 | 0.15 | 0.15 |
| P/B Ratio | 0.12 | 0.12 | 0.15 | 0.18 | 0.22 | 0.15 | 0.13 | 0.16 | 0.18 | 0.19 | 0.24 |
| P/FCF | 0.41 | 0.41 | 0.18 | 0.37 | 1.17 | 0.48 | 0.58 | 0.79 | 0.99 | 0.95 | 1.20 |
| P/OCF | 0.41 | 0.41 | 0.18 | 0.42 | 1.17 | 0.48 | 0.57 | 0.78 | 0.97 | 0.93 | 1.17 |
P/E links to full P/E history page with 30-year chart
RZB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Reinsurance Group of America, Incorporated's enterprise value stands at 2098.5x EBITDA, 402% above its 5-year average of 418.4x. The Financial Services sector median is 11.4x, placing the stock at a 18293% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.14 | 0.15 | 0.17 | 0.16 | 0.17 | 0.17 | 0.27 | 0.24 | 0.33 | 0.39 |
| EV / EBITDA | 2098.53 | 2081.13 | 2.60 | 2.22 | 2.74 | 3.53 | 3.11 | 2.84 | 2.91 | 3.00 | 3.59 |
| EV / EBIT | 2.10 | 2081.13 | 2.60 | 2.22 | 2.86 | 3.53 | — | — | — | 3.12 | — |
| EV / FCF | — | 0.78 | 0.36 | 0.69 | 1.94 | 0.70 | 0.75 | 1.73 | 2.01 | 2.12 | 3.12 |
RZB Profitability
Margins and return-on-capital ratios measuring operating efficiency
Reinsurance Group of America, Incorporated earns an operating margin of 6.5%, below the Financial Services sector average of 21.2%. Operating margins have compressed from 99.8% to 6.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 9.7% is modest. ROIC of 8.3% represents adequate returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.3% | 28.3% | 100.0% | 100.0% | 93.8% | 100.1% | 94.4% | 93.9% | 100.0% | 100.0% | 100.0% |
| Operating Margin | 6.5% | 6.5% | 99.7% | 99.8% | 5.6% | 4.9% | 5.1% | 9.3% | 7.9% | 10.5% | 10.5% |
| Net Profit Margin | 5.0% | 5.0% | 3.2% | 4.9% | 3.2% | 3.7% | 2.8% | 6.1% | 5.6% | 14.6% | 6.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.7% | 9.7% | 7.1% | 11.0% | 5.1% | 4.5% | 3.2% | 8.7% | 7.9% | 21.9% | 10.6% |
| ROA | 0.9% | 0.9% | 0.7% | 1.0% | 0.6% | 0.7% | 0.5% | 1.2% | 1.2% | 3.2% | 1.4% |
| ROIC | 8.3% | 8.3% | 142.3% | 147.5% | 6.2% | 4.3% | 3.9% | 8.4% | 7.0% | 9.1% | 10.3% |
| ROCE | 1.1% | 1.1% | 20.4% | 19.9% | 1.0% | 0.9% | 0.9% | 1.9% | 1.6% | 2.3% | 2.3% |
RZB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Reinsurance Group of America, Incorporated carries a Debt/EBITDA ratio of 3707.8x, which is highly leveraged (89639% above the sector average of 4.1x). Net debt stands at $1.5B ($5.7B total debt minus $4.2B cash). Interest coverage of just 0.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.42 | 0.42 | 0.46 | 0.48 | 0.55 | 0.30 | 0.28 | 0.31 | 0.41 | 0.37 | 0.55 |
| Debt / EBITDA | 3707.79 | 3707.79 | 3.89 | 3.12 | 4.18 | 4.67 | 5.02 | 2.59 | 3.25 | 2.61 | 3.18 |
| Net Debt / Equity | — | 0.11 | 0.16 | 0.16 | 0.14 | 0.07 | 0.04 | 0.18 | 0.19 | 0.24 | 0.38 |
| Net Debt / EBITDA | 1001.30 | 1001.30 | 1.33 | 1.03 | 1.09 | 1.09 | 0.70 | 1.54 | 1.48 | 1.65 | 2.21 |
| Debt / FCF | — | 0.38 | 0.18 | 0.32 | 0.77 | 0.22 | 0.17 | 0.94 | 1.02 | 1.17 | 1.92 |
| Interest Coverage | 0.00 | 0.00 | 4.11 | 5.51 | 4.76 | 6.23 | -11.74 | -7.71 | -15467.05 | 9023.27 | -6391.79 |
RZB Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Quick Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Cash Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Asset Turnover | — | 0.15 | 0.19 | 0.19 | 0.20 | 0.19 | 0.17 | 0.19 | 0.20 | 0.21 | 0.22 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
RZB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Reinsurance Group of America, Incorporated returns 24.5% to shareholders annually — split between a 14.2% dividend yield and 10.3% buyback yield. The payout ratio of 20.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 70.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 14.2% | 14.4% | 13.9% | 12.9% | 13.1% | 9.7% | 9.6% | 9.1% | 9.1% | 6.4% | 5.9% |
| Payout Ratio | 20.3% | 20.3% | 31.9% | 24.3% | 39.7% | 31.4% | 43.9% | 18.7% | 19.6% | 6.4% | 14.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 70.1% | 71.3% | 43.6% | 53.2% | 33.0% | 30.8% | 21.8% | 49.3% | 46.7% | 99.0% | 41.1% |
| FCF Yield | 100.0% | 246.0% | 568.7% | 270.9% | 85.8% | 207.9% | 173.1% | 126.3% | 101.3% | 105.3% | 83.2% |
| Buyback Yield | 10.3% | 10.5% | 1.6% | 13.4% | 5.2% | 4.9% | 8.6% | 5.6% | 19.5% | 2.4% | 7.2% |
| Total Shareholder Yield | 24.5% | 24.9% | 15.5% | 26.3% | 18.3% | 14.6% | 18.1% | 14.7% | 28.7% | 8.7% | 13.1% |
| Shares Outstanding | — | $67M | $67M | $67M | $68M | $68M | $66M | $64M | $65M | $66M | $65M |
Peer Comparison
Compare RZB with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 RZBYou | $2B | 1.4 | 2098.5 | 0.4 | 28.3% | 6.5% | 9.7% | 8.3% | 3707.8 |
 MET | $52B | 16.7 | 8.8 | 2.9 | 36.4% | 6.0% | 11.9% | 13.1% | 3.5 |
 PRU | $35B | 9.8 | 7.8 | 5.6 | 42.0% | 7.9% | 10.9% | 10.0% | 4.7 |
 LNC | $6B | 2.0 | 1.7 | — | 25.5% | 22.4% | 43.2% | 32.7% | 1.5 |
 GL | $12B | 11.0 | 9.2 | 9.7 | 33.4% | 24.4% | 20.6% | 13.4% | 1.6 |
 CNO | $4B | 19.5 | 14.1 | 6.3 | 44.8% | 6.5% | 8.9% | 4.0% | 7.7 |
 PFG | $22B | 19.3 | 13.1 | 5.0 | 45.2% | 9.1% | 9.9% | 9.0% | 2.5 |
 RNR | $13B | 5.3 | 3.4 | 3.5 | 40.7% | 31.5% | 14.6% | 16.0% | 0.6 |
 TRV | $65B | 11.0 | 8.7 | — | 44.3% | 16.0% | 20.7% | 15.3% | 1.1 |
 HIG | $37B | 10.0 | 7.9 | 6.4 | 46.1% | 16.8% | 21.7% | 16.3% | 0.8 |
 AFG | $11B | 13.1 | 9.6 | 7.9 | 46.3% | 13.1% | 18.1% | 16.3% | 1.6 |
| Financial Services Median | — | 13.4 | 11.4 | 10.6 | 63.4% | 21.2% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 20 years · Updated daily
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Start ComparisonRZB — Frequently Asked Questions
Quick answers to the most common questions about buying RZB stock.
What is Reinsurance Group of America, Incorporated's P/E ratio?
Reinsurance Group of America, Incorporated's current P/E ratio is 1.4x. The historical average is 2.4x. This places it at the 20th percentile of its historical range.
What is Reinsurance Group of America, Incorporated's EV/EBITDA?
Reinsurance Group of America, Incorporated's current EV/EBITDA is 2098.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 3.0x.
What is Reinsurance Group of America, Incorporated's ROE?
Reinsurance Group of America, Incorporated's return on equity (ROE) is 9.7%. The historical average is 8.3%.
Is RZB stock overvalued?
Based on historical data, Reinsurance Group of America, Incorporated is trading at a P/E of 1.4x. This is at the 20th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Reinsurance Group of America, Incorporated's dividend yield?
Reinsurance Group of America, Incorporated's current dividend yield is 14.20% with a payout ratio of 20.3%.
What are Reinsurance Group of America, Incorporated's profit margins?
Reinsurance Group of America, Incorporated has 28.3% gross margin and 6.5% operating margin.
How much debt does Reinsurance Group of America, Incorporated have?
Reinsurance Group of America, Incorporated's Debt/EBITDA ratio is 3707.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.