RGA
Reinsurance Group of America, Incorporated
Insurance - Reinsurance
Market Cap$13.95B
5Y Perf.+134.5%
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Stock Comparison
RGA vs RNR
Revenue, margins, valuation, and 5-year total return — side by side.
RNR
RenaissanceRe Holdings Ltd.
Insurance - Reinsurance
Market Cap$12.98B
5Y Perf.+79.2%
RGA vs RNR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | RGA | RNR |
|---|---|---|
| Industry | Insurance - Reinsurance | Insurance - Reinsurance |
| Market Cap | $13.95B | $12.98B |
| Revenue (TTM) | $23.41B | $11.49B |
| Net Income (TTM) | $1.18B | $3.09B |
| Gross Margin | 16.8% | 44.6% |
| Operating Margin | 6.6% | 35.5% |
| Forward P/E | 8.1x | 7.7x |
| Total Debt | $5.71B | $2.33B |
| Cash & Equiv. | $4.17B | $1.73B |
RGA vs RNR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
RGA
RNR
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Reinsurance Group o… (RGA) | 100 | 234.5 | +134.5% |
| RenaissanceRe Holdi… (RNR) | 100 | 179.2 | +79.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: RGA vs RNR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: RNR leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Reinsurance Group of America, Incorporated is the stronger pick specifically for dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
RGA
Reinsurance Group of America, Incorporated
The Insurance Pick
RGA is the clearest fit if your priority is income & stability and defensive.
- Dividend streak 18 yrs, beta 0.72, yield 1.7%
- Beta 0.72, yield 1.7%
- 1.7% yield, 18-year raise streak, vs RNR's 0.6%
Best for: income & stability and defensive
RNR
RenaissanceRe Holdings Ltd.
The Insurance Pick
RNR carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 9.4%, EPS growth 60.8%, 3Y rev CAGR 36.2%
- 176.9% 10Y total return vs RGA's 154.2%
- Lower volatility, beta -0.03, Low D/E 12.1%, current ratio 5.03x
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | RNR | 9.4% revenue growth vs RGA's 3.4% |
| Value | RNR | Lower P/E (7.7x vs 8.1x), PEG 0.26 vs 0.53 |
| Quality / Margins | RNR | Combined ratio 0.7 vs RGA's 0.9 (lower = better underwriting) |
| Stability / Safety | RNR | Lower D/E ratio (12.1% vs 42.1%) |
| Dividends | RGA | 1.7% yield, 18-year raise streak, vs RNR's 0.6% |
| Momentum (1Y) | RNR | +21.9% vs RGA's +8.6% |
| Efficiency (ROA) | RNR | 5.7% ROA vs RGA's 0.8%, ROIC 16.0% vs 8.3% |
RGA vs RNR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2025
RGA vs RNR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLRNRLAGGINGRGA
RGAReinsurance Group of …
1leads
RNRRenaissanceRe Holding…
5leads
6 Total Categories
CATEGORYLEADERvs RGAMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
RNR4/6
Valuation MetricsMultiples, price ratios, and targets
RNR5/7
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
RNR9/9
Total Returns1Y, 3Y, 5Y total returns with dividends
RNR4/6
Risk & VolatilityBeta, volatility, and downside exposure
RNR2/2
Analyst OutlookRatings, price targets, and dividends
RGA2/2
Income & Cash Flow (Last 12 Months)
RNR leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
RGA is the larger business by revenue, generating $23.4B annually — 2.0x RNR's $11.5B. RNR is the more profitable business, keeping 26.9% of every revenue dollar as net income compared to RGA's 5.0%. On growth, RGA holds the edge at +21.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | RGAReinsurance Group… | RNRRenaissanceRe Hol… |
|---|---|---|
| RevenueTrailing 12 months | $23.4B | $11.5B |
| EBITDAEarnings before interest/tax | $1.9B | $4.1B |
| Net IncomeAfter-tax profit | $1.2B | $3.1B |
| Free Cash FlowCash after capex | $4.1B | $4.2B |
| Gross MarginGross profit ÷ Revenue | +16.8% | +44.6% |
| Operating MarginEBIT ÷ Revenue | +6.6% | +35.5% |
| Net MarginNet income ÷ Revenue | +5.0% | +26.9% |
| FCF MarginFCF ÷ Revenue | +17.5% | +36.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +21.9% | -36.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +2.1% | +100.9% |
RNR leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
RNR leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 5.3x trailing earnings, RNR trades at a 56% valuation discount to RGA's 12.0x P/E. Adjusting for growth (PEG ratio), RNR offers better value at 0.18x vs RGA's 0.53x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | RGAReinsurance Group… | RNRRenaissanceRe Hol… |
|---|---|---|
| Market CapShares × price | $14.0B | $13.0B |
| Enterprise ValueMkt cap + debt − cash | $15.5B | $13.6B |
| Trailing P/EPrice ÷ TTM EPS | 12.03x | 5.31x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.13x | 7.66x |
| PEG RatioP/E ÷ EPS growth rate | 0.53x | 0.18x |
| EV / EBITDAEnterprise value multiple | 9.79x | 3.38x |
| Price / SalesMarket cap ÷ Revenue | 0.61x | 1.02x |
| Price / BookPrice ÷ Book value/share | 1.05x | 0.70x |
| Price / FCFMarket cap ÷ FCF | 3.41x | 3.51x |
RNR leads this category, winning 5 of 7 comparable metrics.
Profitability & Efficiency
RNR leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
RNR delivers a 16.6% return on equity — every $100 of shareholder capital generates $17 in annual profit, vs $9 for RGA. RNR carries lower financial leverage with a 0.12x debt-to-equity ratio, signaling a more conservative balance sheet compared to RGA's 0.42x. On the Piotroski fundamental quality scale (0–9), RNR scores 8/9 vs RGA's 7/9, reflecting strong financial health.
| Metric | RGAReinsurance Group… | RNRRenaissanceRe Hol… |
|---|---|---|
| ROE (TTM)Return on equity | +9.4% | +16.6% |
| ROA (TTM)Return on assets | +0.8% | +5.7% |
| ROICReturn on invested capital | +8.3% | +16.0% |
| ROCEReturn on capital employed | +1.1% | +10.7% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 8 |
| Debt / EquityFinancial leverage | 0.42x | 0.12x |
| Net DebtTotal debt minus cash | $1.5B | $598M |
| Cash & Equiv.Liquid assets | $4.2B | $1.7B |
| Total DebtShort + long-term debt | $5.7B | $2.3B |
| Interest CoverageEBIT ÷ Interest expense | 5.21x | 33.28x |
RNR leads this category, winning 9 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
RNR leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in RNR five years ago would be worth $18,705 today (with dividends reinvested), compared to $18,166 for RGA. Over the past 12 months, RNR leads with a +21.9% total return vs RGA's +8.6%. The 3-year compound annual growth rate (CAGR) favors RGA at 14.6% vs RNR's 13.4% — a key indicator of consistent wealth creation.
| Metric | RGAReinsurance Group… | RNRRenaissanceRe Hol… |
|---|---|---|
| YTD ReturnYear-to-date | +5.1% | +10.6% |
| 1-Year ReturnPast 12 months | +8.6% | +21.9% |
| 3-Year ReturnCumulative with dividends | +50.6% | +45.7% |
| 5-Year ReturnCumulative with dividends | +81.7% | +87.1% |
| 10-Year ReturnCumulative with dividends | +154.2% | +176.9% |
| CAGR (3Y)Annualised 3-year return | +14.6% | +13.4% |
RNR leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
RNR leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
RNR is the less volatile stock with a -0.03 beta — it tends to amplify market swings less than RGA's 0.72 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | RGAReinsurance Group… | RNRRenaissanceRe Hol… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.72x | -0.03x |
| 52-Week HighHighest price in past year | $229.21 | $318.20 |
| 52-Week LowLowest price in past year | $165.52 | $231.17 |
| % of 52W HighCurrent price vs 52-week peak | +92.8% | +94.5% |
| RSI (14)Momentum oscillator 0–100 | 60.5 | 46.9 |
| Avg Volume (50D)Average daily shares traded | 299K | 303K |
RNR leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
RGA leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates RGA as "Buy" and RNR as "Hold". Consensus price targets imply 10.3% upside for RGA (target: $235) vs 2.5% for RNR (target: $308). For income investors, RGA offers the higher dividend yield at 1.69% vs RNR's 0.55%.
| Metric | RGAReinsurance Group… | RNRRenaissanceRe Hol… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $234.80 | $308.33 |
| # AnalystsCovering analysts | 22 | 28 |
| Dividend YieldAnnual dividend ÷ price | +1.7% | +0.6% |
| Dividend StreakConsecutive years of raises | 18 | 1 |
| Dividend / ShareAnnual DPS | $3.60 | $1.67 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.2% | +12.3% |
RGA leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
RNR leads in 5 of 6 categories (Income & Cash Flow, Valuation Metrics). RGA leads in 1 (Analyst Outlook).
Best OverallRenaissanceRe Holdings Ltd. (RNR)Leads 5 of 6 categories
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RGA vs RNR: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is RGA or RNR a better buy right now?
For growth investors, RenaissanceRe Holdings Ltd.
(RNR) is the stronger pick with 9. 4% revenue growth year-over-year, versus 3. 4% for Reinsurance Group of America, Incorporated (RGA). RenaissanceRe Holdings Ltd. (RNR) offers the better valuation at 5. 3x trailing P/E (7. 7x 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.
02Which has the better valuation — RGA or RNR?
On trailing P/E, RenaissanceRe Holdings Ltd.
(RNR) is the cheapest at 5. 3x versus Reinsurance Group of America, Incorporated at 12. 0x. On forward P/E, RenaissanceRe Holdings Ltd. is actually cheaper at 7. 7x.
03Which is the better long-term investment — RGA or RNR?
Over the past 5 years, RenaissanceRe Holdings Ltd.
(RNR) delivered a total return of +87. 1%, compared to +81. 7% for Reinsurance Group of America, Incorporated (RGA). Over 10 years, the gap is even starker: RNR returned +176. 9% versus RGA's +154. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — RGA or RNR?
By beta (market sensitivity over 5 years), RenaissanceRe Holdings Ltd.
(RNR) is the lower-risk stock at -0. 03β versus Reinsurance Group of America, Incorporated's 0. 72β — meaning RGA is approximately -2370% more volatile than RNR relative to the S&P 500. On balance sheet safety, RenaissanceRe Holdings Ltd. (RNR) carries a lower debt/equity ratio of 12% versus 42% for Reinsurance Group of America, Incorporated — giving it more financial flexibility in a downturn.
05Which is growing faster — RGA or RNR?
By revenue growth (latest reported year), RenaissanceRe Holdings Ltd.
(RNR) is pulling ahead at 9. 4% versus 3. 4% for Reinsurance Group of America, Incorporated (RGA). On earnings-per-share growth, the picture is similar: Reinsurance Group of America, Incorporated grew EPS 64. 9% year-over-year, compared to 60. 8% for RenaissanceRe Holdings Ltd.. Over a 3-year CAGR, RNR leads at 36. 2% 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.
06Which has better profit margins — RGA or RNR?
RenaissanceRe Holdings Ltd.
(RNR) is the more profitable company, earning 21. 0% net margin versus 5. 2% for Reinsurance Group of America, Incorporated — meaning it keeps 21. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: RNR leads at 31. 5% versus 6. 8% for RGA. At the gross margin level — before operating expenses — RNR leads at 40. 7%, 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.
07Is RGA or RNR more undervalued right now?
On forward earnings alone, RenaissanceRe Holdings Ltd.
(RNR) trades at 7. 7x forward P/E versus 8. 1x for Reinsurance Group of America, Incorporated — 0. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for RGA: 10. 3% to $234. 80.
08Which pays a better dividend — RGA or RNR?
All stocks in this comparison pay dividends.
Reinsurance Group of America, Incorporated (RGA) offers the highest yield at 1. 7%, versus 0. 6% for RenaissanceRe Holdings Ltd. (RNR).
09Is RGA or RNR better for a retirement portfolio?
For long-horizon retirement investors, RenaissanceRe Holdings Ltd.
(RNR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 03), 0. 6% yield, +176. 9% 10Y return). Both have compounded well over 10 years (RNR: +176. 9%, RGA: +154. 2%), 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.
10What are the main differences between RGA and RNR?
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.
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.
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Revenue Growth>
%
(RGA: 21.9% · RNR: -36.4%)Net Margin>
%
(RGA: 5.0% · RNR: 26.9%)P/E Ratio<
x
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