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Side-by-side financial comparison of REINSURANCE GROUP OF AMERICA INC (RGA) and TE Connectivity (TEL). Click either name above to swap in a different company.
REINSURANCE GROUP OF AMERICA INC is the larger business by last-quarter revenue ($6.5B vs $4.7B, roughly 1.4× TE Connectivity). TE Connectivity runs the higher net margin — 18.0% vs 5.1%, a 12.9% gap on every dollar of revenue. On growth, REINSURANCE GROUP OF AMERICA INC posted the faster year-over-year revenue change (23.5% vs 14.5%). Over the past eight quarters, REINSURANCE GROUP OF AMERICA INC's revenue compounded faster (15.4% CAGR vs 9.2%).
Reinsurance Group of America, Incorporated is a holding company for a global life and health reinsurance entity based in Greater St. Louis within the western suburb of Chesterfield, Missouri, United States. With approximately $3.9 trillion of life reinsurance in force and assets of $118.7 billion as of December 31, 2024, RGA has grown to become the only international company to focus primarily on life and health-related reinsurance.
TE Connectivity plc is an American-Irish domiciled technology company that designs and manufactures electrical and electronic components. It serves several industries, including automotive, aerospace, defense, medical, and energy.
RGA vs TEL — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.5B | $4.7B |
| Net Profit | $331.0M | $855.0M |
| Gross Margin | — | 36.8% |
| Operating Margin | — | 20.1% |
| Net Margin | 5.1% | 18.0% |
| Revenue YoY | 23.5% | 14.5% |
| Net Profit YoY | 14.9% | 58.0% |
| EPS (diluted) | $4.98 | $2.90 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $6.5B | $4.7B | ||
| Q4 25 | $6.6B | $4.7B | ||
| Q3 25 | $6.2B | $4.7B | ||
| Q2 25 | $5.6B | $4.5B | ||
| Q1 25 | $5.3B | $4.1B | ||
| Q4 24 | $5.2B | $3.8B | ||
| Q3 24 | $5.7B | $4.1B | ||
| Q2 24 | $4.9B | $4.0B |
| Q1 26 | $331.0M | $855.0M | ||
| Q4 25 | $463.0M | $750.0M | ||
| Q3 25 | $253.0M | $663.0M | ||
| Q2 25 | $180.0M | $638.0M | ||
| Q1 25 | $286.0M | $13.0M | ||
| Q4 24 | $148.0M | $528.0M | ||
| Q3 24 | $156.0M | $276.0M | ||
| Q2 24 | $203.0M | $573.0M |
| Q1 26 | — | 36.8% | ||
| Q4 25 | — | 37.2% | ||
| Q3 25 | — | 35.0% | ||
| Q2 25 | — | 35.3% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 34.0% | ||
| Q2 24 | — | 34.8% |
| Q1 26 | — | 20.1% | ||
| Q4 25 | 7.7% | 20.6% | ||
| Q3 25 | 5.2% | 19.3% | ||
| Q2 25 | 6.1% | 18.9% | ||
| Q1 25 | 7.0% | 18.1% | ||
| Q4 24 | 4.3% | 18.0% | ||
| Q3 24 | 3.8% | 16.0% | ||
| Q2 24 | 5.5% | 19.0% |
| Q1 26 | 5.1% | 18.0% | ||
| Q4 25 | 7.0% | 16.1% | ||
| Q3 25 | 4.1% | 14.0% | ||
| Q2 25 | 3.2% | 14.1% | ||
| Q1 25 | 5.4% | 0.3% | ||
| Q4 24 | 2.8% | 13.8% | ||
| Q3 24 | 2.8% | 6.8% | ||
| Q2 24 | 4.2% | 14.4% |
| Q1 26 | $4.98 | $2.90 | ||
| Q4 25 | $6.91 | $2.53 | ||
| Q3 25 | $3.81 | $2.23 | ||
| Q2 25 | $2.70 | $2.14 | ||
| Q1 25 | $4.27 | $0.04 | ||
| Q4 24 | $2.21 | $1.75 | ||
| Q3 24 | $2.33 | $0.96 | ||
| Q2 24 | $3.03 | $1.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.3M | $1.1B |
| Total DebtLower is stronger | $6.1M | $5.7B |
| Stockholders' EquityBook value | $13.4M | $13.2B |
| Total Assets | $164.1B | $25.7B |
| Debt / EquityLower = less leverage | 0.46× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $5.3M | $1.1B | ||
| Q4 25 | $4.2B | $1.3B | ||
| Q3 25 | $4.6B | $1.3B | ||
| Q2 25 | $5.4B | $672.0M | ||
| Q1 25 | $5.2B | $2.6B | ||
| Q4 24 | $3.3B | $1.3B | ||
| Q3 24 | $5.2B | $1.3B | ||
| Q2 24 | $4.6B | $1.5B |
| Q1 26 | $6.1M | $5.7B | ||
| Q4 25 | $5.7B | — | ||
| Q3 25 | $5.7B | — | ||
| Q2 25 | $5.7B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.1B | — |
| Q1 26 | $13.4M | $13.2B | ||
| Q4 25 | $13.5B | $13.0B | ||
| Q3 25 | $13.0B | $12.6B | ||
| Q2 25 | $12.1B | $12.4B | ||
| Q1 25 | $11.4B | $12.1B | ||
| Q4 24 | $10.8B | $12.4B | ||
| Q3 24 | $11.1B | $12.4B | ||
| Q2 24 | $9.7B | $12.6B |
| Q1 26 | $164.1B | $25.7B | ||
| Q4 25 | $156.6B | $25.6B | ||
| Q3 25 | $152.0B | $25.1B | ||
| Q2 25 | $133.5B | $24.9B | ||
| Q1 25 | $128.2B | $23.7B | ||
| Q4 24 | $118.7B | $22.4B | ||
| Q3 24 | $120.3B | $22.9B | ||
| Q2 24 | $109.9B | $22.9B |
| Q1 26 | 0.46× | 0.43× | ||
| Q4 25 | 0.42× | — | ||
| Q3 25 | 0.44× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.46× | — | ||
| Q2 24 | 0.52× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $947.0M |
| Free Cash FlowOCF − Capex | — | $680.0M |
| FCF MarginFCF / Revenue | — | 14.3% |
| Capex IntensityCapex / Revenue | — | 5.7% |
| Cash ConversionOCF / Net Profit | — | 1.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $947.0M | ||
| Q4 25 | $7.3B | $865.0M | ||
| Q3 25 | $-990.0M | $1.4B | ||
| Q2 25 | $-820.0M | $1.2B | ||
| Q1 25 | $-1.4B | $653.0M | ||
| Q4 24 | $17.1B | $878.0M | ||
| Q3 24 | $-1.1B | $1.0B | ||
| Q2 24 | $-967.0M | $1.0B |
| Q1 26 | — | $680.0M | ||
| Q4 25 | — | $607.0M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $957.0M | ||
| Q1 25 | — | $423.0M | ||
| Q4 24 | — | $673.0M | ||
| Q3 24 | — | $829.0M | ||
| Q2 24 | — | $857.0M |
| Q1 26 | — | 14.3% | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 24.2% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | — | 20.4% | ||
| Q2 24 | — | 21.5% |
| Q1 26 | — | 5.7% | ||
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | — | 5.1% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | — | 3.7% |
| Q1 26 | — | 1.11× | ||
| Q4 25 | 15.83× | 1.15× | ||
| Q3 25 | -3.91× | 2.14× | ||
| Q2 25 | -4.56× | 1.86× | ||
| Q1 25 | -5.00× | 50.23× | ||
| Q4 24 | 115.81× | 1.66× | ||
| Q3 24 | -6.84× | 3.78× | ||
| Q2 24 | -4.76× | 1.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
