Reinsurance Group of America Incorporated 7.125% Fixed-Rate Reset Subordinated Debentures due 2052 (RZC)

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at RZC first as a credit instrument, not as common equity. It is a subordinated debenture of Reinsurance Group of America due 2052 with a 7.125% fixed-rate reset coupon, so my primary question is whether the issuer can service this lower-ranked obligation. The filed figures are encouraging: fiscal 2025 revenue was $23.7 billion, net income $1.2 billion, and diluted EPS $17.69, versus fiscal 2024 revenue $22.1 billion, net income $717 million, and EPS $10.73. In fiscal Q2 2026, revenue was $6.6 billion, net income $462 million, and diluted EPS $7.01; fiscal Q1 2026 showed revenue $6.5 billion, net income $330 million, and EPS $4.98. That is real earnings momentum. FairStock’s computed Lynch category is FAST GROWER, with profit growth of 23.3% a year over five years and revenue growth of 10.2%, based on filed annual results. Reinsurance can be a durable business when capital and underwriting discipline are strong, but a debenture holder gets no equity upside. At the 2026-10-16 close of $24.92, the security sits near its 52-week range of $24.74-$25.88; the stated 7.125% coupon is the main return driver. That looks fair, not a bargain. The filed data do not give debt leverage, interest coverage, or reset terms, so principal protection depends on credit quality I cannot fully measure here. Growth helps, but for this security the balance sheet and coupon reset matter more.

In plain English: This is a debt security, not a common stock, issued by Reinsurance Group of America, a reinsurance company. It pays a stated 7.125% interest rate, matures in 2052, and ranks below more senior debt. The issuer’s filed figures show fiscal 2025 revenue of $23.7 billion and net income of $1.2 billion, with fiscal Q2 2026 net income of $462 million; on those numbers the business looks profitable, while the $24.92 price sits near the low end of its 52-week range and looks roughly fair rather than clearly cheap or expensive.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-16 close · note generated 2026-10-20 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-K (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer