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Reinsurance Group of America Financial Strength

: 5 (As of Jun. 2022)
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Reinsurance Group of America has the Financial Strength Rank of 5.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Reinsurance Group of America's Interest Coverage for the quarter that ended in Jun. 2022 was 2.41. Reinsurance Group of America's debt to revenue ratio for the quarter that ended in Jun. 2022 was 0.25. Altman Z-Score does not apply to banks and insurance companies.


Reinsurance Group of America Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

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

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 Interest Expense for the months ended in Jun. 2022 was $-180 Mil. Its Operating Income for the months ended in Jun. 2022 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $3,819 Mil.

Reinsurance Group of America's Interest Coverage for the quarter that ended in Jun. 2022 is

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

2. Debt to revenue ratio. The lower, the better.

Reinsurance Group of America's Debt to Revenue Ratio for the quarter that ended in Jun. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 3819) / 15548
=0.25

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* 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.


Reinsurance Group of America  (NYSE:RGA) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Reinsurance Group of America has the Financial Strength Rank of 5.


Reinsurance Group of America Financial Strength Related Terms

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Reinsurance Group of America Business Description

Reinsurance Group of America logo
Traded in Other Exchanges
Address
16600 Swingley Ridge Road, Chesterfield, MO, USA, 63017
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
Thomas Shundrawn A director 50 SOUTH LA SALLE STREET CHICAGO IL 60603
O'hearn Stephen T director 16600 SWINGLEY RIDGE ROAD CHESTERFIELD MO 63017
Ng Keng Hooi director 16600 SWINGLEY RIDGE RD CHESTERFIELD MO 63017
Albo Pina director 16600 SWINGLEY RIDGE ROAD CHESTERFIELD MO 63017
Mcneilage Hazel director 16600 SWINGLEY RIDGE ROAD CHESTERFIELD MO 63017
Guinn Patricia Lynn director 16600 SWINGLEY RIDGE ROAD CHESTERFIELD MO 63017
Gauthier John J director 16600 SWINGLEY RIDGE ROAD CHESTERFIELD MO 63017
Tulin Stanley B director C/O ALLIANCE CAPITAL 1345 AVENUE OF THE AMERICAS NEW YORK NY 10105
Nichols George Iii director 601 W MARKET ST LOUISVILLE KY 40202
Van Wyk Steven C. director ONE PNC PLAZA, 249 FIFTH AVENUE PITTSBURGH PA 15222-2707
Detrick Christine Rose director 1370 TIMBERLAKE MANOR PARKWAY CHESTERFIELD MO 63017
Barbi Leslie officer: EVP, Chief Investment Officer 16600 SWINGLEY RIDGE ROAD CHESTERFIELD MO 63017
Herrmann Ronald officer: EVP 16600 SWINGLEY RIDGE ROAD CHESTERFIELD MO 63017
Carson Lawrence S officer: EVP, GFS 16600 SWINGLEY RIDGE ROAD CHESTERFIELD MO 63017
Gautam Alka officer: EVP, Pres & CEO, RGA Canada 16600 SWINGLEY RIDGE ROAD CHESTERFIELD MO 63017
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