Business Analysis of Reinsurance Group Of America

 Analyze Historical Performance, Strategic Priorities, And Business Improvement Opportunities of Reinsurance Group Of America

REINSURANCE GROUP OF AMERICA

Business Overview

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products. The company also provides reinsurance for mortality, morbidity, and lapse risk associated with products; and reinsurance for investment-related risks, as well as develops and markets technology solutions for the insurance industry. It serves life insurance companies in the United States, Latin America, Canada, Europe, the Middle East, Africa, and the Asia Pacific. Reinsurance Group of America, Incorporated was founded in 1973 and is headquartered in Chesterfield, Missouri.

Reinsurance Group Of America

Reinsurance Group Of America


R&P Rank: 250
Sector: Insurance
Industry:Life Insurance
H.Q Location:Missouri
Website: www.rgare.com
Company Address:
16600 SWINGLEY RIDGE ROAD, CHESTERFIELD MO 63017
Ph:636-736-7000

Business Analysis of Reinsurance Group Of America

The Insurance Sector is witnessing a major shakeup, new age business models in the industry are transforming both customers and businesses. Faced with this uncertainity, companies are investing resources to transform their business. An in-depth business analysis is a valuable resource to identify and articulate the need for a business model change. At R&P Research we believe, the starting point for a business analysis is Benchmarking. Business benchmarking can be done at various levels: 1) Industry Benchmarking 2) Peer Benchmarking 3) Disruptors Benchmarking. In this report, we share the snapshot of how Reinsurance Group Of America compares against the industry on the major performance indicators. This analysis, along with peer group/disruptors benchmarking and revenue model understanding can help identify growth and cost optimization opportunities to maximize the value delivered by Reinsurance Group Of America to its stakeholders. R&P Research Industry Intelligence Platform provides historical data for last 15 years with an easy to use benchmarking interface for an in-depth comparative business analysis.

Here is the performance snapshot of Reinsurance Group Of America with an interactive chart.

  1. Revenue Growth: Reinsurance Group Of America reported a revenue growth of 10.6% year-on-year during 2016. Life Insurance Industry grew at -1.7% in the same period
  2. COGS share of Revenues: As a percentage of revenue, Reinsurance Group Of America spent 72.5% of its total revenues on COGS. Life Insurance industry average (COGS share of revenue) in the same period was 71.2%
  3. R&D share of Revenues: Reinsurance Group Of America R&D share of Revenues details are not available because either company does not share the data or we do not have it
  4. SG&A share of Revenues: As a percentage of revenue, Reinsurance Group Of America spent 11.4% of its total revenues on Sales, Marketing, and General Administration (SG&A). Life Insurance industry average SG&A spending in the same period was 10.6%
  5. Inventory share of Revenues: Reinsurance Group Of America Inventory share of Revenues details are not available because either company does not share the data or we do not have it
  6. Accounts Payable share of Revenues: Reinsurance Group Of America Accounts Payable share of Revenues details are not available because either company does not share the data or we do not have it
  7. Accounts Receivable share of Revenues: As a percentage of revenue, Reinsurance Group Of America invested 22.7% of its total revenues on Accounts Receivable (A/R). Life Insurance industry average Accounts Receivable investment in the same period was 38.1%
  8. PP&E share of Revenues: Reinsurance Group Of America PP&E share of Revenues details are not available because either company does not share the data or we do not have it
  9. Intangibles share of Revenues: Reinsurance Group Of America Intangibles share of Revenues details are not available because either company does not share the data or we do not have it
  10. Net Margins: Reinsurance Group Of America Net Margins in the year 2016 were 6.1%. Life Insurance industry average Net Margins in the same period were 4.3%

Sector and Industry Association of Reinsurance Group Of America

For the purpose of performance benchmarking of a company with a sector or industry average, R&P Research associates every company with one sector and one industry. An industry consists of companies with related/similar business models. A sector comprises of a group of related/similar industries. For high-level analysis purposes, related/similar sectors are grouped into sector groups.

Reinsurance Group Of America is associated with Financials Sector Group, Insurance Sector, and Life Insurance Industry.

Insurance sector is comprised of the following industries: Life Insurance; Property & Casualty Insurance; Surety & Title Insurance; Insurance Brokerage; Diversified Insurance. The definitions for each of the industries is as follows:

  • Life Insurance industry includes companies engaged principally in life insurance.
  • Property & Casualty Insurance industry includes companies engaged principally in accident, fire, automotive, marine, malpractice and other classes of non-life insurance.
  • Surety & Title Insurance industry includes companies providing title & surety insurance.
  • Insurance Brokerage industry includes insurance brokers and agencies.
  • Diversified Insurance industry includes companies with life, health, property & casualty, and reinsurance interests, none of which predominates.

Industry Ranking of Reinsurance Group Of America

With $11.5 billion revenues, Reinsurance Group Of America ranked number 4 of all the companies in the US Life Insurance industry. There were a total of 14 public companies in the US Life Insurance industry that had revenues greater than $50 million during 2016.

The top-10 companies in the US Life Insurance industry by revenues during 2016 were:

  1. MetLife ($63.5 billion)
  2. Prudential Financial ($58.8 billion)
  3. Lincoln National ($13.3 billion)
  4. Reinsurance Group Of America ($11.5 billion)
  5. Voya Financial ($10.8 billion)
  6. Genworth Financial ($8.4 billion)
  7. Torchmark ($3.9 billion)
  8. American National Insurance ($3.2 billion)
  9. American Equity Investment Life ($2.2 billion)
  10. Primerica ($1.5 billion)

Business Model Analysis (BMA) Framework

We use the following framework to assess the business model of a company. Business Model Analysis framework can be used by organizations to articulate growth strategies and identify cost optimization opportunities. Technology and consulting companies can use this framework to identify the value drivers and pain points of their targeted customers. Entrepreneurs can use this framework to understand the language of business and identify promising business opportunities. This framework can be used by any professional aspiring to take up a leadership role to better understand the businesses challenges, articulate growth strategy, and monitor the business improvement requirements for the organization.

Next Steps

  • Conduct a holistic benchmarking; to identify and target additional sources of value
  • Get in touch with us to learn more about Business Model Analysis Framework
  • Get free data, charts, and analysis of Reinsurance Group Of Americaand its peers on select key performance indicators by clicking the reports provided below

Industry Peers and Competitors of reinsurance-group-of-america

MetLife (MET) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

MetLife Inc with $63 billion revenues in the year 2016 was the number 1 Life Insurance company. Read this report to know the top competitors of MetLife and identify growth and cost optimization opportunities of MetLife

Prudential Financial (PRU) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Prudential Financial Inc with $59 billion revenues in the year 2016 was the number 2 Life Insurance company. Read this report to know the top competitors of Prudential Financial and identify growth and cost optimization opportunities of Prudential Financial

Lincoln National (LNC) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Lincoln National Corp with $13 billion revenues in the year 2016 was the number 3 Life Insurance company. Read this report to know the top competitors of Lincoln National and identify growth and cost optimization opportunities of Lincoln National

Voya Financial (VOYA) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Voya Financial, Inc. with $11 billion revenues in the year 2016 was the number 5 Life Insurance company. Read this report to know the top competitors of Voya Financial and identify growth and cost optimization opportunities of Voya Financial

Genworth Financial (GNW) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Genworth Financial Inc with $8 billion revenues in the year 2016 was the number 6 Life Insurance company. Read this report to know the top competitors of Genworth Financial and identify growth and cost optimization opportunities of Genworth Financial

Torchmark (TMK) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

Torchmark Corp with $4 billion revenues in the year 2016 was the number 7 Life Insurance company. Read this report to know the top competitors of Torchmark and identify growth and cost optimization opportunities of Torchmark

Revenues Analysis

Reinsurance Group Of America (RGA) Revenues And Revenue Growth From 2012...

This report provides the last five years revenues and revenue growth of Reinsurance Group Of America Inc (RGA) from 2012 to 2016. Reinsurance Group Of America generated a total of $11.5 billion revenues during 2016. Reinsurance Group Of America reported a revenue growth of 10.6% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in December.

Reinsurance Group Of America (RGA) Revenues And Revenue Growth From 2002...

This report provides the last fifteen years revenues and revenue growth of Reinsurance Group Of America Inc (RGA) from 2002 to 2016. Reinsurance Group Of America generated a total of $11.5 billion revenues during 2016. Reinsurance Group Of America reported a revenue growth of 10.6% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in December.

Reinsurance Group Of America (RGA) Revenue Growth Comparison With Industry Growth...

This report provides a comparison of Reinsurance Group Of America Inc (RGA) revenue growth with Life Insurance industry growth during the last five years from 2012 to 2016. Reinsurance Group Of America reported a revenue growth of 10.6% year-over-year during 2016. The Life Insurance industry growth was -1.7% year-over-year during 2016. Reinsurance Group Of America growth was faster than the industry during 2016.