REINSURANCE GROUP OF AMERICA INC Earnings Per Share Disclosure
| 2025 | 2024 | 2023 | ||||||||||||||||||
| Earnings: | ||||||||||||||||||||
| Net income (numerator for basic and diluted calculations) | $ | 1,189 | $ | 724 | $ | 909 | ||||||||||||||
| Less: Net income attributable to noncontrolling interest | 7 | 7 | 7 | |||||||||||||||||
| Net income available to RGA, Inc. shareholders | $ | 1,182 | $ | 717 | $ | 902 | ||||||||||||||
| Shares: | ||||||||||||||||||||
| Weighted average outstanding shares (denominator for basic calculations) | 65.9 | 65.8 | 66.3 | |||||||||||||||||
| Equivalent shares from outstanding stock awards | 0.9 | 1.1 | 0.8 | |||||||||||||||||
| Diluted shares (denominator for diluted calculations) | 66.8 | 66.9 | 67.1 | |||||||||||||||||
| Earnings per share: | ||||||||||||||||||||
| Basic | $ | 17.94 | $ | 10.90 | $ | 13.60 | ||||||||||||||
| Diluted | 17.69 | 10.73 | 13.44 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 20, 2026 | Showing above |
| 2024 | Feb 21, 2025 | |
| 2022 | Feb 24, 2023 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.