Reinsurance Group of America (Reinsurance Group of America) Interest Expense

: $-254 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Reinsurance Group of America's interest expense for the three months ended in Dec. 2023 was $ -69 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-254 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Reinsurance Group of America's Operating Income for the three months ended in Dec. 2023 was $ 233 Mil. Reinsurance Group of America's Interest Expense for the three months ended in Dec. 2023 was $ -69 Mil. Reinsurance Group of America's Interest Coverage for the quarter that ended in Dec. 2023 was 3.38. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Reinsurance Group of America Interest Expense Historical Data

The historical data trend for Reinsurance Group of America's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Reinsurance Group of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-173.00

-170.00

-139.00

-191.00

-257.00

Reinsurance Group of America Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-55.00	-50.00	-63.00	-72.00	-69.00

Reinsurance Group of America Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-254 Mil.

Reinsurance Group of America (NYSE:RGA) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Reinsurance Group of America's Interest Expense for the three months ended in Dec. 2023 was $-69 Mil. Its EBIT for the three months ended in Dec. 2023 was $233 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $4,427 Mil.

Reinsurance Group of America's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	233	/	-69
	=	3.38

The higher the ratio, the stronger the company's financial strength is.

Reinsurance Group of America (Reinsurance Group of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Reinsurance Group of America Inc (NYSE:RGA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

RGPB:Germany

Address

16600 Swingley Ridge Road, Chesterfield, MO, USA, 63017

Website

https://www.rgare.com

Reinsurance Group of America Inc is an insurance holding company with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. The core products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development. The company's operations are divided into traditional and financial solution businesses.

Executives

Ronald Herrmann	officer: EVP	16600 SWINGLEY RIDGE ROAD, CHESTERFIELD MO 63017
Bang Michele Mi Kyung	director	16600 SWINGLEY RIDGE ROAD, CHESTERFIELD MO 63017
William L Hutton	officer: EVP, General Counsel & Secy.	C/O REINSURANCE GROUP OF AMERICA, 1370 TIMBERLAKE MANOR PKY, CHESTERFIELD MO 63017-6039
Todd C Larson	officer: SVP, Controller & Treasurer
John W. Hayden	officer: EVP, Controller	16600 SWINGLEY RIDGE ROAD, CHESTERFIELD MO 63017
Khanh T Tran	director	16600 SWINGLEY RIDGE RD, CHESTERFIELD MO 63017
Shundrawn A Thomas	director	16600 SWINGLEY RIDGE RD, CHESTERFIELD MO 63017
Stephen T O'hearn	director	16600 SWINGLEY RIDGE ROAD, CHESTERFIELD MO 63017
Keng Hooi Ng	director	16600 SWINGLEY RIDGE RD, CHESTERFIELD MO 63017
Pina Albo	director	16600 SWINGLEY RIDGE ROAD, CHESTERFIELD MO 63017
Hazel Mcneilage	director	16600 SWINGLEY RIDGE ROAD, CHESTERFIELD MO 63017
Patricia Lynn Guinn	director	16600 SWINGLEY RIDGE ROAD, CHESTERFIELD MO 63017
John J Gauthier	director	16600 SWINGLEY RIDGE ROAD, CHESTERFIELD MO 63017
Stanley B Tulin	director	C/O ALLIANCE CAPITAL, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
George Iii Nichols	director	601 W MARKET ST, LOUISVILLE KY 40202