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AON vs. RGA: Aon vs. Reinsurance Group of America Stock Comparison

How do Aon (AON) 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

Aon (AON) and Reinsurance Group of America (RGA) both belong to the Insurance industry, though AON is classified under Insurance Brokers while RGA falls under Reinsurance.

Company profile comparison for Aon (AON) and Reinsurance Group of America (RGA)
Profile ItemAONRGA
NameAon plc Class AReinsurance Group of America, Inc.
Country/RegionIrelandUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupInsuranceInsurance
GICS IndustryInsuranceInsurance
GICS Sub-IndustryInsurance BrokersReinsurance
Market Capitalization71.03 billion USD17.03 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJune 2, 1980September 12, 2008
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

AON
RGA
GSPC
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Aon (AON) 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 Aon (AON) and Reinsurance Group of America (RGA). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Aon (AON) 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 Aon (AON) and Reinsurance Group of America (RGA)
MetricAONRGA
Total Return (1Y)-1.97%44.56%
Total Return (3Y, Annualized)1.25%22.51%
Total Return (5Y, Annualized)3.28%21.95%

Risk Profile

Drawdown History

AON
RGA
GSPC
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Aon (AON) 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 Aon (AON) 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 Aon (AON) and Reinsurance Group of America (RGA)
MetricAONRGA
Volatility (1Y, Annualized)29.20%22.31%
Beta (5Y)0.600.40
Max Drawdown (5Y)-33.57%-27.11%
Avg. Volume (3M)1.64M391.28K

Risk-Adjusted Performance

Risk-Return Positioning

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AON 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 Aon (AON) and Reinsurance Group of America (RGA)
MetricAONRGA
Sharpe Ratio (1Y)-0.211.81
Sortino Ratio (1Y)-0.293.06

Profitability

ROE (TTM)

Aon (AON) at 43.38% clears its industry range for ROE, a sharper capital-efficiency signal than Reinsurance Group of America (RGA) at 13.85%, which is closer to a typical peer reading.

AON

Insurance industry group

43.38%

AON
43.38%
Max
41.68%
Q3
22.04%
Median
14.81%
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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Aon (AON) vs. Reinsurance Group of America (RGA): A comparison of their ROE against the Insurance industry group benchmark.

Net Margin (TTM)

Aon (AON) at 22.24% 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.

AON

Insurance industry group

22.24%

Max
29.92%
AON
22.24%
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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Aon (AON) 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 Aon (AON) 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 Aon (AON) and Reinsurance Group of America (RGA)
MetricAONRGA
ROE (TTM)43.38%13.85%
ROA (TTM)5.45%1.00%
Net Margin (TTM)22.24%6.26%
Operating Margin (TTM)----
Gross Margin (TTM)----

Growth

Revenue Growth

Both Aon (AON) at 9.45% and Reinsurance Group of America (RGA) at 7.42% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Aon (AON) 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 Aon (AON) at 36.27% is closer to the peer norm — faster per-share earnings growth for RGA.

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

Growth Metrics

Growth metrics for Aon (AON) and Reinsurance Group of America (RGA)
MetricAONRGA
Revenue Growth (YoY)9.45%7.42%
Revenue Growth (3Y CAGR)11.25%14.25%
EPS Growth (YoY)36.27%64.86%
EPS Growth (3Y CAGR)11.92%32.30%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Aon (AON) 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: Aon (AON) 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 Aon (AON) and Reinsurance Group of America (RGA)
MetricAONRGA
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Both Aon (AON) at 0.91% and Reinsurance Group of America (RGA) at 1.44% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

AON

Insurance industry group

0.91%

Max
5.12%
Q3
2.15%
Median
0.98%
AON
0.91%
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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Aon (AON) vs. Reinsurance Group of America (RGA): A comparison of their dividend yield against the Insurance industry group benchmark.

Dividend Payout Ratio (TTM)

Both Aon (AON) at 17.13% 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.

AON

Insurance industry group

17.13%

Max
76.67%
Q3
35.18%
AON
17.13%
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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Aon (AON) vs. Reinsurance Group of America (RGA): A comparison of their payout ratio against the Insurance industry group benchmark.

Dividend Metrics

Dividend metrics for Aon (AON) and Reinsurance Group of America (RGA)
MetricAONRGA
Dividend Yield (TTM)0.91%1.44%
Dividend Payout Ratio (TTM)17.13%14.60%

Valuation

P/E Ratio (TTM)

Both Aon (AON) at 18.33 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.

AON

Insurance industry group

18.33

Max
28.37
Q3
18.75
AON
18.33
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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Aon (AON) 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 Aon (AON) at 4.02 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

AON

Insurance industry group

4.02

Max
4.03
AON
4.02
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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Aon (AON) vs. Reinsurance Group of America (RGA): A comparison of their P/S ratio against the Insurance industry group benchmark.

P/B Ratio (MRQ)

Reinsurance Group of America (RGA) at 1.46 sits near its industry’s typical P/B ratio, while Aon (AON) at 7.03 prices above its benchmark range — AON looks rich relative to book.

AON

Insurance industry group

7.03

AON
7.03
Max
5.07
Q3
2.79
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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Aon (AON) vs. Reinsurance Group of America (RGA): A comparison of their P/B ratio against the Insurance industry group benchmark.

Valuation Metrics

Valuation metrics for Aon (AON) and Reinsurance Group of America (RGA)
MetricAONRGA
P/E Ratio (TTM)18.3310.14
P/S Ratio (TTM)4.020.62
P/B Ratio (MRQ)7.031.46
Free Cash Flow Yield (TTM)----