PFG vs. RGA: Principal Financial vs. Reinsurance Group of America Stock Comparison
How do Principal Financial (PFG) 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
Principal Financial (PFG) and Reinsurance Group of America (RGA) both belong to the Insurance industry, though PFG is classified under Life & Health Insurance while RGA falls under Reinsurance.
| Profile Item | PFG | RGA |
|---|---|---|
| Name | Principal Financial 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 | Life & Health Insurance | Reinsurance |
| Market Capitalization | 23.55 billion USD | 17.03 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | October 23, 2001 | September 12, 2008 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | PFG | RGA |
|---|---|---|
| Total Return (1Y) | 43.88% | 44.56% |
| Total Return (3Y, Annualized) | 22.99% | 22.51% |
| Total Return (5Y, Annualized) | 15.02% | 21.95% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | PFG | RGA |
|---|---|---|
| Volatility (1Y, Annualized) | 23.45% | 22.31% |
| Beta (5Y) | 0.86 | 0.40 |
| Max Drawdown (5Y) | -29.32% | -27.11% |
| Avg. Volume (3M) | 1.26M | 391.28K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | PFG | RGA |
|---|---|---|
| Sharpe Ratio (1Y) | 1.69 | 1.81 |
| Sortino Ratio (1Y) | 2.67 | 3.06 |
Profitability
ROE (TTM)
Both Principal Financial (PFG) at 16.11% 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.
PFG
Insurance industry group
16.11%
- Max
- 41.68%
- Q3
- 22.04%
- PFG
- 16.11%
- 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%
Net Margin (TTM)
Both Principal Financial (PFG) at 11.89% 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.
PFG
Insurance industry group
11.89%
- Max
- 29.92%
- Q3
- 17.03%
- PFG
- 11.89%
- 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%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Principal Financial (PFG) 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
| Metric | PFG | RGA |
|---|---|---|
| ROE (TTM) | 16.11% | 13.85% |
| ROA (TTM) | 0.46% | 1.00% |
| Net Margin (TTM) | 11.89% | 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 Principal Financial (PFG) at -3.11% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Reinsurance Group of America (RGA) at 64.86% sits in the top EPS growth quartile, while Principal Financial (PFG) at -21.41% is in the bottom quartile, showing a clear gap in earnings momentum.
Growth Metrics
| Metric | PFG | RGA |
|---|---|---|
| Revenue Growth (YoY) | -3.11% | 7.42% |
| Revenue Growth (3Y CAGR) | -3.77% | 14.25% |
| EPS Growth (YoY) | -21.41% | 64.86% |
| EPS Growth (3Y CAGR) | -34.44% | 32.30% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Principal Financial (PFG) 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: Principal Financial (PFG) 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
| Metric | PFG | RGA |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Principal Financial (PFG) at 2.88% delivers top-quartile income for its industry, while Reinsurance Group of America (RGA) at 1.44% pays a more typical yield — both are credible income propositions, PFG the richer one.
PFG
Insurance industry group
2.88%
- Max
- 5.12%
- PFG
- 2.88%
- Q3
- 2.15%
- 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%
Dividend Payout Ratio (TTM)
Reinsurance Group of America (RGA) at 14.60% pays out a band-typical share of earnings, while Principal Financial (PFG) at 36.19% distributes more than its industry norm — less retained, thinner cover.
PFG
Insurance industry group
36.19%
- Max
- 76.67%
- PFG
- 36.19%
- 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%
Dividend Metrics
| Metric | PFG | RGA |
|---|---|---|
| Dividend Yield (TTM) | 2.88% | 1.44% |
| Dividend Payout Ratio (TTM) | 36.19% | 14.60% |
Valuation
P/E Ratio (TTM)
Both Principal Financial (PFG) at 12.35 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.
PFG
Insurance industry group
12.35
- Max
- 28.37
- Q3
- 18.75
- PFG
- 12.35
- 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
P/S Ratio (TTM)
Reinsurance Group of America (RGA) at 0.62 sits in the cheaper P/S ratio quartile while Principal Financial (PFG) at 1.42 prices around its industry’s middle — RGA costs less per dollar of sales, though read it alongside growth and margins.
PFG
Insurance industry group
1.42
- Max
- 4.03
- Q3
- 2.25
- PFG
- 1.42
- 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
P/B Ratio (MRQ)
On P/B ratio, both Principal Financial (PFG) at 2.00 and Reinsurance Group of America (RGA) at 1.46 are valued close to their industries’ norm against book — neither stands out from peers.
PFG
Insurance industry group
2.00
- Max
- 5.07
- Q3
- 2.79
- PFG
- 2.00
- 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
Valuation Metrics
| Metric | PFG | RGA |
|---|---|---|
| P/E Ratio (TTM) | 12.35 | 10.14 |
| P/S Ratio (TTM) | 1.42 | 0.62 |
| P/B Ratio (MRQ) | 2.00 | 1.46 |
| Free Cash Flow Yield (TTM) | -- | -- |