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Side-by-side financial comparison of REINSURANCE GROUP OF AMERICA INC (RGA) and TELUS CORP (TU). 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 $3.7B, roughly 1.8× TELUS CORP). REINSURANCE GROUP OF AMERICA INC runs the higher net margin — 5.1% vs -4.8%, a 9.9% gap on every dollar of revenue. On growth, REINSURANCE GROUP OF AMERICA INC posted the faster year-over-year revenue change (23.5% vs 2.2%).

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.

Telus Corporation is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus ...

RGA vs TU — Head-to-Head

Bigger by revenue
RGA
RGA
1.8× larger
RGA
$6.5B
$3.7B
TU
Growing faster (revenue YoY)
RGA
RGA
+21.3% gap
RGA
23.5%
2.2%
TU
Higher net margin
RGA
RGA
9.9% more per $
RGA
5.1%
-4.8%
TU

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
RGA
RGA
TU
TU
Revenue
$6.5B
$3.7B
Net Profit
$331.0M
$-178.8M
Gross Margin
90.2%
Operating Margin
3.4%
Net Margin
5.1%
-4.8%
Revenue YoY
23.5%
2.2%
Net Profit YoY
14.9%
-210.9%
EPS (diluted)
$4.98

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.

Revenue
RGA
RGA
TU
TU
Q1 26
$6.5B
Q4 25
$6.6B
Q3 25
$6.2B
Q2 25
$5.6B
$3.7B
Q1 25
$5.3B
Q4 24
$5.2B
Q3 24
$5.7B
Q2 24
$4.9B
$3.6B
Net Profit
RGA
RGA
TU
TU
Q1 26
$331.0M
Q4 25
$463.0M
Q3 25
$253.0M
Q2 25
$180.0M
$-178.8M
Q1 25
$286.0M
Q4 24
$148.0M
Q3 24
$156.0M
Q2 24
$203.0M
$161.3M
Gross Margin
RGA
RGA
TU
TU
Q1 26
Q4 25
Q3 25
Q2 25
90.2%
Q1 25
Q4 24
Q3 24
Q2 24
87.9%
Operating Margin
RGA
RGA
TU
TU
Q1 26
Q4 25
7.7%
Q3 25
5.2%
Q2 25
6.1%
3.4%
Q1 25
7.0%
Q4 24
4.3%
Q3 24
3.8%
Q2 24
5.5%
13.7%
Net Margin
RGA
RGA
TU
TU
Q1 26
5.1%
Q4 25
7.0%
Q3 25
4.1%
Q2 25
3.2%
-4.8%
Q1 25
5.4%
Q4 24
2.8%
Q3 24
2.8%
Q2 24
4.2%
4.4%
EPS (diluted)
RGA
RGA
TU
TU
Q1 26
$4.98
Q4 25
$6.91
Q3 25
$3.81
Q2 25
$2.70
Q1 25
$4.27
Q4 24
$2.21
Q3 24
$2.33
Q2 24
$3.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
RGA
RGA
TU
TU
Cash + ST InvestmentsLiquidity on hand
$5.3M
$2.7B
Total DebtLower is stronger
$6.1M
Stockholders' EquityBook value
$13.4M
$11.8B
Total Assets
$164.1B
$44.3B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RGA
RGA
TU
TU
Q1 26
$5.3M
Q4 25
$4.2B
Q3 25
$4.6B
Q2 25
$5.4B
$2.7B
Q1 25
$5.2B
Q4 24
$3.3B
Q3 24
$5.2B
Q2 24
$4.6B
$676.7M
Total Debt
RGA
RGA
TU
TU
Q1 26
$6.1M
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
Stockholders' Equity
RGA
RGA
TU
TU
Q1 26
$13.4M
Q4 25
$13.5B
Q3 25
$13.0B
Q2 25
$12.1B
$11.8B
Q1 25
$11.4B
Q4 24
$10.8B
Q3 24
$11.1B
Q2 24
$9.7B
$12.4B
Total Assets
RGA
RGA
TU
TU
Q1 26
$164.1B
Q4 25
$156.6B
Q3 25
$152.0B
Q2 25
$133.5B
$44.3B
Q1 25
$128.2B
Q4 24
$118.7B
Q3 24
$120.3B
Q2 24
$109.9B
$41.8B
Debt / Equity
RGA
RGA
TU
TU
Q1 26
0.46×
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
RGA
RGA
TU
TU
Operating Cash FlowLast quarter
$851.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RGA
RGA
TU
TU
Q1 26
Q4 25
$7.3B
Q3 25
$-990.0M
Q2 25
$-820.0M
$851.2M
Q1 25
$-1.4B
Q4 24
$17.1B
Q3 24
$-1.1B
Q2 24
$-967.0M
$1.0B
Cash Conversion
RGA
RGA
TU
TU
Q1 26
Q4 25
15.83×
Q3 25
-3.91×
Q2 25
-4.56×
Q1 25
-5.00×
Q4 24
115.81×
Q3 24
-6.84×
Q2 24
-4.76×
6.28×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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