NWG vs. RGA: A Head-to-Head Stock Comparison

Updated on August 18, 2025

Here’s a clear look at NWG and RGA, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

NWG trades as an American Depositary Receipt (ADR), offering U.S. investors a convenient way to access its foreign-listed shares. In contrast, RGA is a standard domestic listing.

Symbol	NWG	RGA
Company Name	NatWest Group plc	Reinsurance Group of America, Incorporated
Country	United Kingdom	United States
GICS Sector	Financials	Financials
GICS Industry	Banks	Insurance
Market Capitalization	59.86 billion USD	12.56 billion USD
Exchange	NYSE	NYSE
Listing Date	October 18, 2007	September 12, 2008
Security Type	ADR	Common Stock

Historical Performance

This chart compares the performance of NWG and RGA by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

NWG vs. RGA: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	NWG	RGA
5-Day Price Return	2.09%	4.43%
13-Week Price Return	9.60%	-8.55%
26-Week Price Return	19.80%	-17.58%
52-Week Price Return	57.68%	-6.42%
Month-to-Date Return	1.82%	-1.29%
Year-to-Date Return	33.45%	-11.08%
10-Day Avg. Volume	9.71M	0.76M
3-Month Avg. Volume	21.35M	0.43M
3-Month Volatility	24.94%	26.58%
Beta	1.46	0.62

Profitability

Return on Equity (TTM)

NWG

13.01%

Banks Industry

Max: 26.37%
Q3: 15.92%
Median: 12.25%
Q1: 8.69%
Min: 0.15%

NWG’s Return on Equity of 13.01% is on par with the norm for the Banks industry, indicating its profitability relative to shareholder equity is typical for the sector.

RGA

6.78%

Insurance Industry

Max: 29.03%
Q3: 18.11%
Median: 13.90%
Q1: 10.42%
Min: -0.64%

RGA’s Return on Equity of 6.78% is in the lower quartile for the Insurance industry. This indicates a less efficient generation of profit from its equity base when compared to its competitors.

NWG vs. RGA: A comparison of their Return on Equity (TTM) against their respective Banks and Insurance industry benchmarks.

Net Profit Margin (TTM)

NWG

31.24%

Banks Industry

Max: 54.20%
Q3: 35.70%
Median: 28.97%
Q1: 22.53%
Min: 6.98%

NWG’s Net Profit Margin of 31.24% is aligned with the median group of its peers in the Banks industry. This indicates its ability to convert revenue into profit is typical for the sector.

RGA

3.54%

Insurance Industry

Max: 26.78%
Q3: 14.06%
Median: 9.15%
Q1: 5.48%
Min: -7.05%

Falling into the lower quartile for the Insurance industry, RGA’s Net Profit Margin of 3.54% indicates weaker profitability. This means the company retains a smaller portion of each dollar in sales as profit compared to its competitors.

NWG vs. RGA: A comparison of their Net Profit Margin (TTM) against their respective Banks and Insurance industry benchmarks.

Operating Profit Margin (TTM)

NWG

40.79%

Banks Industry

Max: 63.35%
Q3: 44.59%
Median: 37.24%
Q1: 28.25%
Min: 13.37%

NWG’s Operating Profit Margin of 40.79% is around the midpoint for the Banks industry, indicating that its efficiency in managing core business operations is typical for the sector.

RGA

6.65%

Insurance Industry

Max: 35.49%
Q3: 19.49%
Median: 14.35%
Q1: 8.53%
Min: -5.25%

In the Insurance industry, Operating Profit Margin is often not the primary measure of operational efficiency.

NWG vs. RGA: A comparison of their Operating Profit Margin (TTM) against their respective Banks and Insurance industry benchmarks.

Profitability at a Glance

Symbol	NWG	RGA
Return on Equity (TTM)	13.01%	6.78%
Return on Assets (TTM)	0.73%	0.62%
Net Profit Margin (TTM)	31.24%	3.54%
Operating Profit Margin (TTM)	40.79%	6.65%
Gross Profit Margin (TTM)	--	--

Financial Strength

Current Ratio (MRQ)

NWG

Banks Industry

Max: --
Q3: --
Median: --
Q1: --
Min: --

For the Banks industry, the Current Ratio is often not the most suitable measure of short-term liquidity.

RGA

Insurance Industry

Max: 2.97
Q3: 1.33
Median: 0.55
Q1: 0.15
Min: 0.00

For the Insurance industry, the Current Ratio is often not the most suitable measure of short-term liquidity.

NWG vs. RGA: A comparison of their Current Ratio (MRQ) against their respective Banks and Insurance industry benchmarks.

Debt-to-Equity Ratio (MRQ)

NWG

2.77

Banks Industry

Max: 4.75
Q3: 2.62
Median: 1.02
Q1: 0.39
Min: 0.00

The Debt-to-Equity Ratio is often not the primary focus for assessing leverage in the Banks industry.

RGA

0.48

Insurance Industry

Max: 1.25
Q3: 0.65
Median: 0.34
Q1: 0.22
Min: 0.00

The Debt-to-Equity Ratio is often not the primary focus for assessing leverage in the Insurance industry.

NWG vs. RGA: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Banks and Insurance industry benchmarks.

Interest Coverage Ratio (TTM)

NWG

Banks Industry

Max: --
Q3: --
Median: --
Q1: --
Min: --

The Interest Coverage Ratio is often not a primary indicator of debt servicing capacity in the Banks industry.

RGA

4.70

Insurance Industry

Max: 43.68
Q3: 20.84
Median: 9.56
Q1: 3.34
Min: -5.73

The Interest Coverage Ratio is often not a primary indicator of debt servicing capacity in the Insurance industry.

NWG vs. RGA: A comparison of their Interest Coverage Ratio (TTM) against their respective Banks and Insurance industry benchmarks.

Financial Strength at a Glance

Symbol	NWG	RGA
Current Ratio (MRQ)	--	--
Quick Ratio (MRQ)	--	--
Debt-to-Equity Ratio (MRQ)	2.77	0.48
Interest Coverage Ratio (TTM)	--	4.70

Growth

Revenue Growth

NWG vs. RGA: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

NWG vs. RGA: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

NWG

0.00%

Banks Industry

Max: 10.27%
Q3: 5.83%
Median: 3.81%
Q1: 2.50%
Min: 0.00%

NWG currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

RGA

1.89%

Insurance Industry

Max: 8.23%
Q3: 4.54%
Median: 3.42%
Q1: 1.97%
Min: 0.00%

RGA’s Dividend Yield of 1.89% is in the lower quartile for the Insurance industry. This suggests the company’s strategy likely favors retaining earnings for growth over providing a high dividend income.

NWG vs. RGA: A comparison of their Dividend Yield (TTM) against their respective Banks and Insurance industry benchmarks.

Dividend Payout Ratio (TTM)

NWG

48.52%

Banks Industry

Max: 147.07%
Q3: 80.55%
Median: 54.40%
Q1: 35.71%
Min: 0.00%

NWG’s Dividend Payout Ratio of 48.52% is within the typical range for the Banks industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

RGA

30.52%

Insurance Industry

Max: 168.02%
Q3: 85.57%
Median: 50.71%
Q1: 22.04%
Min: 0.00%

RGA’s Dividend Payout Ratio of 30.52% is within the typical range for the Insurance industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

NWG vs. RGA: A comparison of their Dividend Payout Ratio (TTM) against their respective Banks and Insurance industry benchmarks.

Dividend at a Glance

Symbol	NWG	RGA
Dividend Yield (TTM)	0.00%	1.89%
Dividend Payout Ratio (TTM)	48.52%	30.52%

Valuation

Price-to-Earnings Ratio (TTM)

NWG

8.25

Banks Industry

Max: 20.05
Q3: 12.65
Median: 10.21
Q1: 7.54
Min: 2.74

NWG’s P/E Ratio of 8.25 is within the middle range for the Banks industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

RGA

16.16

Insurance Industry

Max: 28.91
Q3: 17.76
Median: 13.63
Q1: 10.02
Min: 2.89

RGA’s P/E Ratio of 16.16 is within the middle range for the Insurance industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

NWG vs. RGA: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Banks and Insurance industry benchmarks.

Price-to-Sales Ratio (TTM)

NWG

1.17

Banks Industry

Max: 5.06
Q3: 2.98
Median: 2.24
Q1: 1.59
Min: 0.45

The P/S Ratio is often not a primary valuation tool in the Banks industry.

RGA

0.57

Insurance Industry

Max: 3.72
Q3: 1.98
Median: 1.23
Q1: 0.81
Min: 0.23

In the lower quartile for the Insurance industry, RGA’s P/S Ratio of 0.57 indicates its revenue is valued more conservatively than most of its peers. This could present a compelling opportunity if the market has overlooked its sales-generating capabilities.

NWG vs. RGA: A comparison of their Price-to-Sales Ratio (TTM) against their respective Banks and Insurance industry benchmarks.

Price-to-Book Ratio (MRQ)

NWG

0.99

Banks Industry

Max: 2.18
Q3: 1.36
Median: 1.09
Q1: 0.81
Min: 0.20

NWG’s P/B Ratio of 0.99 is within the conventional range for the Banks industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

RGA

1.09

Insurance Industry

Max: 4.37
Q3: 2.48
Median: 1.68
Q1: 1.19
Min: 0.19

RGA’s P/B Ratio of 1.09 is in the lower quartile for the Insurance industry. From a value investing perspective, this is favorable, as it suggests the stock is trading at a discount to its net asset value and may offer a greater margin of safety.

NWG vs. RGA: A comparison of their Price-to-Book Ratio (MRQ) against their respective Banks and Insurance industry benchmarks.

Valuation at a Glance

Symbol	NWG	RGA
Price-to-Earnings Ratio (TTM)	8.25	16.16
Price-to-Sales Ratio (TTM)	1.17	0.57
Price-to-Book Ratio (MRQ)	0.99	1.09
Price-to-Free Cash Flow Ratio (TTM)	8.47	2.53