MKL vs. RGA: Markel vs. Reinsurance Group of America Stock Comparison

November 11, 2026

How do Markel (MKL) 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

Markel (MKL) and Reinsurance Group of America (RGA) both belong to the Insurance industry, though MKL is classified under Property & Casualty Insurance while RGA falls under Reinsurance.

Company profile comparison for Markel (MKL) and Reinsurance Group of America (RGA)
Profile Item	MKL	RGA
Name	Markel Group Inc.	Reinsurance Group of America, Inc.
Country/Region	United States	United States
GICS Sector	Financials	Financials
GICS Industry Group	Insurance	Insurance
GICS Industry	Insurance	Insurance
GICS Sub-Industry	Property & Casualty Insurance	Reinsurance
Market Capitalization	23.71 billion USD	17.03 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 12, 1986	September 12, 2008
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

MKL

RGA

GSPC

Markel (MKL) 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

Loading price history…

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

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Markel (MKL) 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 Markel (MKL) and Reinsurance Group of America (RGA)
Metric	MKL	RGA
Total Return (1Y)	-4.35%	44.56%
Total Return (3Y, Annualized)	13.21%	22.51%
Total Return (5Y, Annualized)	8.36%	21.95%

Risk Profile

Drawdown History

MKL

RGA

GSPC

Markel (MKL) 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

Loading price history…

Distribution of monthly total returns for Markel (MKL) 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 Markel (MKL) and Reinsurance Group of America (RGA)
Metric	MKL	RGA
Volatility (1Y, Annualized)	18.61%	22.31%
Beta (5Y)	0.57	0.40
Max Drawdown (5Y)	-28.87%	-27.11%
Avg. Volume (3M)	66.79K	391.28K

Risk-Adjusted Performance

Risk-Return Positioning

MKL 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 Markel (MKL) and Reinsurance Group of America (RGA)
Metric	MKL	RGA
Sharpe Ratio (1Y)	-0.46	1.81
Sortino Ratio (1Y)	-0.60	3.06

Profitability

ROE (TTM)

Both Markel (MKL) at 9.75% 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.

MKL

Insurance industry group

9.75%

Max: 41.68%
Q3: 22.04%
Median: 14.81%
MKL: 9.75%
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%

Markel (MKL) vs. Reinsurance Group of America (RGA): A comparison of their ROE against the Insurance industry group benchmark.

Net Margin (TTM)

Both Markel (MKL) at 11.13% and Reinsurance Group of America (RGA) at 6.26% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

MKL

Insurance industry group

11.13%

Max: 29.92%
Q3: 17.03%
MKL: 11.13%
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%

Markel (MKL) 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 Markel (MKL) 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 Markel (MKL) and Reinsurance Group of America (RGA)
Metric	MKL	RGA
ROE (TTM)	9.75%	13.85%
ROA (TTM)	2.21%	1.00%
Net Margin (TTM)	11.13%	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 Markel (MKL) at -2.49% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Markel (MKL) 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 Markel (MKL) at -15.10% is in the bottom quartile, showing a clear gap in earnings momentum.

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

Growth Metrics

Growth metrics for Markel (MKL) and Reinsurance Group of America (RGA)
Metric	MKL	RGA
Revenue Growth (YoY)	-2.49%	7.42%
Revenue Growth (3Y CAGR)	11.40%	14.25%
EPS Growth (YoY)	-15.10%	64.86%
EPS Growth (3Y CAGR)	--	32.30%

Financial Strength

Current Ratio (MRQ)

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

Dividends

Dividend Yield (TTM)

Markel (MKL) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Reinsurance Group of America (RGA) reports a yield of 1.44%, ranking against industry peers normally.

MKL

Insurance industry group

0.00%

Max: 5.12%
Q3: 2.15%
Median: 0.98%
MKL: 0.00%
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%

Markel (MKL) vs. Reinsurance Group of America (RGA): A comparison of their dividend yield against the Insurance industry group benchmark.

Dividend Payout Ratio (TTM)

Markel (MKL) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Reinsurance Group of America (RGA) reports a payout of 14.60%, ranking against industry peers normally.

MKL

Insurance industry group

0.00%

Max: 76.67%
Q3: 35.18%
Median: 14.74%
MKL: 0.00%
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%

Markel (MKL) vs. Reinsurance Group of America (RGA): A comparison of their payout ratio against the Insurance industry group benchmark.

Dividend Metrics

Dividend metrics for Markel (MKL) and Reinsurance Group of America (RGA)
Metric	MKL	RGA
Dividend Yield (TTM)	0.00%	1.44%
Dividend Payout Ratio (TTM)	0.00%	14.60%

Valuation

P/E Ratio (TTM)

Both Markel (MKL) at 13.80 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.

MKL

Insurance industry group

13.80

Max: 28.37
Q3: 18.75
MKL: 13.80
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

Markel (MKL) 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 sits in the cheaper P/S ratio quartile while Markel (MKL) at 1.47 prices around its industry’s middle — RGA costs less per dollar of sales, though read it alongside growth and margins.

MKL

Insurance industry group

1.47

Max: 4.03
Q3: 2.25
MKL: 1.47
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

Markel (MKL) 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 Markel (MKL) at 1.28 and Reinsurance Group of America (RGA) at 1.46 are valued close to their industries’ norm against book — neither stands out from peers.

MKL

Insurance industry group

1.28

Max: 5.07
Q3: 2.79
Median: 1.76
MKL: 1.28
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

Markel (MKL) vs. Reinsurance Group of America (RGA): A comparison of their P/B ratio against the Insurance industry group benchmark.

Valuation Metrics

Valuation metrics for Markel (MKL) and Reinsurance Group of America (RGA)
Metric	MKL	RGA
P/E Ratio (TTM)	13.80	10.14
P/S Ratio (TTM)	1.47	0.62
P/B Ratio (MRQ)	1.28	1.46
Free Cash Flow Yield (TTM)	--	--