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AFL vs. RGA: Aflac vs. Reinsurance Group of America Stock Comparison

How do Aflac (AFL) and Reinsurance Group of America (RGA) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Aflac (AFL) and Reinsurance Group of America (RGA) both belong to the Insurance industry, though AFL is classified under Life & Health Insurance while RGA falls under Reinsurance.

Company profile comparison for Aflac (AFL) and Reinsurance Group of America (RGA)
Profile ItemAFLRGA
NameAflac IncorporatedReinsurance Group of America, Inc.
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupInsuranceInsurance
GICS IndustryInsuranceInsurance
GICS Sub-IndustryLife & Health InsuranceReinsurance
Market Capitalization61.36 billion USD17.03 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 17, 1980September 12, 2008
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

AFL
RGA
GSPC
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Aflac (AFL) vs. Reinsurance Group of America (RGA), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Aflac (AFL) and Reinsurance Group of America (RGA). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Aflac (AFL) and Reinsurance Group of America (RGA). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Aflac (AFL) and Reinsurance Group of America (RGA)
MetricAFLRGA
Total Return (1Y)12.21%44.56%
Total Return (3Y, Annualized)18.21%22.51%
Total Return (5Y, Annualized)20.06%21.95%

Risk Profile

Drawdown History

AFL
RGA
GSPC
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Aflac (AFL) vs. Reinsurance Group of America (RGA), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Aflac (AFL) and Reinsurance Group of America (RGA). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Aflac (AFL) and Reinsurance Group of America (RGA)
MetricAFLRGA
Volatility (1Y, Annualized)17.13%22.31%
Beta (5Y)0.550.40
Max Drawdown (5Y)-19.86%-27.11%
Avg. Volume (3M)1.93M391.28K

Risk-Adjusted Performance

Risk-Return Positioning

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AFL and RGA are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Aflac (AFL) and Reinsurance Group of America (RGA)
MetricAFLRGA
Sharpe Ratio (1Y)0.461.81
Sortino Ratio (1Y)0.683.06

Profitability

ROE (TTM)

Both Aflac (AFL) at 12.17% and Reinsurance Group of America (RGA) at 13.85% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

AFL

Insurance industry group

12.17%

Max
41.68%
Q3
22.04%
Median
14.81%
AFL
12.17%
Q1
8.79%
Min
-10.66%

RGA

Insurance industry group

13.85%

Max
41.68%
Q3
22.04%
Median
14.81%
RGA
13.85%
Q1
8.79%
Min
-10.66%
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Aflac (AFL) vs. Reinsurance Group of America (RGA): A comparison of their ROE against the Insurance industry group benchmark.

Net Margin (TTM)

Aflac (AFL) at 21.24% retains a top-quartile share of revenue as profit, ahead of Reinsurance Group of America (RGA) at 6.26%, which keeps about the industry-typical share.

AFL

Insurance industry group

21.24%

Max
29.92%
AFL
21.24%
Q3
17.03%
Median
10.97%
Q1
6.21%
Min
-4.68%

RGA

Insurance industry group

6.26%

Max
29.92%
Q3
17.03%
Median
10.97%
RGA
6.26%
Q1
6.21%
Min
-4.68%
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Aflac (AFL) vs. Reinsurance Group of America (RGA): A comparison of their net margin against the Insurance industry group benchmark.

Operating Margin (TTM)

Neither side reports a meaningful operating margin: for Aflac (AFL) in Insurance and Reinsurance Group of America (RGA) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Profitability metrics for Aflac (AFL) and Reinsurance Group of America (RGA)
MetricAFLRGA
ROE (TTM)12.17%13.85%
ROA (TTM)2.39%1.00%
Net Margin (TTM)21.24%6.26%
Operating Margin (TTM)----
Gross Margin (TTM)----

Growth

Revenue Growth

Reinsurance Group of America (RGA) at 7.42% is around its peer norm for revenue growth, while Aflac (AFL) at -9.27% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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Aflac (AFL) vs. Reinsurance Group of America (RGA): A comparison of their Revenue Growth across different time periods.

EPS Growth

Reinsurance Group of America (RGA) at 64.86% sits in the top EPS growth quartile, while Aflac (AFL) at -29.18% is in the bottom quartile, showing a clear gap in earnings momentum.

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Aflac (AFL) vs. Reinsurance Group of America (RGA): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Aflac (AFL) and Reinsurance Group of America (RGA)
MetricAFLRGA
Revenue Growth (YoY)-9.27%7.42%
Revenue Growth (3Y CAGR)-3.23%14.25%
EPS Growth (YoY)-29.18%64.86%
EPS Growth (3Y CAGR)-0.53%32.30%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Aflac (AFL) in Insurance and Reinsurance Group of America (RGA) in Insurance both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: Aflac (AFL) in Insurance and Reinsurance Group of America (RGA) in Insurance run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for Aflac (AFL) and Reinsurance Group of America (RGA)
MetricAFLRGA
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Both Aflac (AFL) at 1.91% and Reinsurance Group of America (RGA) at 1.44% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

AFL

Insurance industry group

1.91%

Max
5.12%
Q3
2.15%
AFL
1.91%
Median
0.98%
Q1
0.00%
Min
0.00%

RGA

Insurance industry group

1.44%

Max
5.12%
Q3
2.15%
RGA
1.44%
Median
0.98%
Q1
0.00%
Min
0.00%
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Aflac (AFL) vs. Reinsurance Group of America (RGA): A comparison of their dividend yield against the Insurance industry group benchmark.

Dividend Payout Ratio (TTM)

Both Aflac (AFL) at 35.18% and Reinsurance Group of America (RGA) at 14.60% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

AFL

Insurance industry group

35.18%

Max
76.67%
AFL
35.18%
Q3
35.18%
Median
14.74%
Q1
0.00%
Min
0.00%

RGA

Insurance industry group

14.60%

Max
76.67%
Q3
35.18%
Median
14.74%
RGA
14.60%
Q1
0.00%
Min
0.00%
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Aflac (AFL) vs. Reinsurance Group of America (RGA): A comparison of their payout ratio against the Insurance industry group benchmark.

Dividend Metrics

Dividend metrics for Aflac (AFL) and Reinsurance Group of America (RGA)
MetricAFLRGA
Dividend Yield (TTM)1.91%1.44%
Dividend Payout Ratio (TTM)35.18%14.60%

Valuation

P/E Ratio (TTM)

Both Aflac (AFL) at 18.11 and Reinsurance Group of America (RGA) at 10.14 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

AFL

Insurance industry group

18.11

Max
28.37
Q3
18.75
AFL
18.11
Median
12.23
Q1
9.08
Min
2.32

RGA

Insurance industry group

10.14

Max
28.37
Q3
18.75
Median
12.23
RGA
10.14
Q1
9.08
Min
2.32
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Aflac (AFL) vs. Reinsurance Group of America (RGA): A comparison of their P/E ratio against the Insurance industry group benchmark.

P/S Ratio (TTM)

Reinsurance Group of America (RGA) at 0.62 looks cheap on sales in the lower P/S ratio quartile, while Aflac (AFL) at 3.70 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

AFL

Insurance industry group

3.70

Max
4.03
AFL
3.70
Q3
2.25
Median
1.23
Q1
0.85
Min
0.07

RGA

Insurance industry group

0.62

Max
4.03
Q3
2.25
Median
1.23
Q1
0.85
RGA
0.62
Min
0.07
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Aflac (AFL) vs. Reinsurance Group of America (RGA): A comparison of their P/S ratio against the Insurance industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Aflac (AFL) at 2.10 and Reinsurance Group of America (RGA) at 1.46 are valued close to their industries’ norm against book — neither stands out from peers.

AFL

Insurance industry group

2.10

Max
5.07
Q3
2.79
AFL
2.10
Median
1.76
Q1
1.23
Min
0.30

RGA

Insurance industry group

1.46

Max
5.07
Q3
2.79
Median
1.76
RGA
1.46
Q1
1.23
Min
0.30
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Aflac (AFL) vs. Reinsurance Group of America (RGA): A comparison of their P/B ratio against the Insurance industry group benchmark.

Valuation Metrics

Valuation metrics for Aflac (AFL) and Reinsurance Group of America (RGA)
MetricAFLRGA
P/E Ratio (TTM)18.1110.14
P/S Ratio (TTM)3.700.62
P/B Ratio (MRQ)2.101.46
Free Cash Flow Yield (TTM)----