FGN vs RGA

For growth investors, F&G Annuities & Life, Inc.

(FGN) is the stronger pick with 26. 6% revenue growth year-over-year, versus 3. 4% for Reinsurance Group of America, Incorporated (RGA). F&G Annuities & Life, Inc. (FGN) offers the better valuation at 5. 3x trailing P/E (4. 5x forward), making it the more compelling value choice. Analysts rate Reinsurance Group of America, Incorporated (RGA) a "Buy" — based on 22 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, F&G Annuities & Life, Inc.

(FGN) is the cheapest at 5. 3x versus Reinsurance Group of America, Incorporated at 12. 0x. On forward P/E, F&G Annuities & Life, Inc. is actually cheaper at 4. 5x.

Over the past 5 years, Reinsurance Group of America, Incorporated (RGA) delivered a total return of +81.

7%, compared to +15. 0% for F&G Annuities & Life, Inc. (FGN). Over 10 years, the gap is even starker: RGA returned +154. 2% versus FGN's +15. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), F&G Annuities & Life, Inc.

(FGN) is the lower-risk stock at 0. 67β versus Reinsurance Group of America, Incorporated's 0. 72β — meaning RGA is approximately 8% more volatile than FGN relative to the S&P 500. On balance sheet safety, Reinsurance Group of America, Incorporated (RGA) carries a lower debt/equity ratio of 42% versus 53% for F&G Annuities & Life, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), F&G Annuities & Life, Inc.

(FGN) is pulling ahead at 26. 6% versus 3. 4% for Reinsurance Group of America, Incorporated (RGA). On earnings-per-share growth, the picture is similar: F&G Annuities & Life, Inc. grew EPS 1111% year-over-year, compared to 64. 9% for Reinsurance Group of America, Incorporated. Over a 3-year CAGR, FGN leads at 13. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

F&G Annuities & Life, Inc.

(FGN) is the more profitable company, earning 10. 8% net margin versus 5. 2% for Reinsurance Group of America, Incorporated — meaning it keeps 10. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FGN leads at 16. 4% versus 6. 8% for RGA. At the gross margin level — before operating expenses — FGN leads at 100. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, F&G Annuities & Life, Inc.

(FGN) trades at 4. 5x forward P/E versus 8. 1x for Reinsurance Group of America, Incorporated — 3. 6x cheaper on a one-year earnings basis.

All stocks in this comparison pay dividends.

F&G Annuities & Life, Inc. (FGN) offers the highest yield at 3. 7%, versus 1. 7% for Reinsurance Group of America, Incorporated (RGA).

For long-horizon retirement investors, Reinsurance Group of America, Incorporated (RGA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

72), 1. 7% yield, +154. 2% 10Y return). Both have compounded well over 10 years (RGA: +154. 2%, FGN: +15. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: FGN is a small-cap high-growth stock; RGA is a mid-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.