RGA vs. RYAN: Reinsurance Group of America vs. Ryan Specialty Stock Comparison

November 11, 2026

How do Reinsurance Group of America (RGA) and Ryan Specialty (RYAN) 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

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

Company profile comparison for Reinsurance Group of America (RGA) and Ryan Specialty (RYAN)
Profile Item	RGA	RYAN
Name	Reinsurance Group of America, Inc.	Ryan Specialty Holdings Inc.
Country/Region	United States	United States
GICS Sector	Financials	Financials
GICS Industry Group	Insurance	Insurance
GICS Industry	Insurance	Insurance
GICS Sub-Industry	Reinsurance	Insurance Brokers
Market Capitalization	17.03 billion USD	12.10 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	September 12, 2008	July 22, 2021
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

RGA

RYAN

GSPC

Reinsurance Group of America (RGA) vs. Ryan Specialty (RYAN), 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 Reinsurance Group of America (RGA) and Ryan Specialty (RYAN). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Reinsurance Group of America (RGA) and Ryan Specialty (RYAN)
Metric	RGA	RYAN
Total Return (1Y)	44.56%	-17.50%
Total Return (3Y, Annualized)	22.51%	2.91%
Total Return (5Y, Annualized)	21.95%	5.30%

Risk Profile

Drawdown History

RGA

RYAN

GSPC

Reinsurance Group of America (RGA) vs. Ryan Specialty (RYAN), 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 Reinsurance Group of America (RGA) and Ryan Specialty (RYAN). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Reinsurance Group of America (RGA) and Ryan Specialty (RYAN)
Metric	RGA	RYAN
Volatility (1Y, Annualized)	22.31%	43.93%
Beta (5Y)	0.40	0.52
Max Drawdown (5Y)	-27.11%	-60.94%
Avg. Volume (3M)	391.28K	1.89M

Risk-Adjusted Performance

Risk-Return Positioning

RGA and RYAN 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 Reinsurance Group of America (RGA) and Ryan Specialty (RYAN)
Metric	RGA	RYAN
Sharpe Ratio (1Y)	1.81	-0.50
Sortino Ratio (1Y)	3.06	-0.67

Profitability

ROE (TTM)

Ryan Specialty (RYAN) at 25.15% sits in the top ROE quartile, while Reinsurance Group of America (RGA) at 13.85% is closer to the peer norm — stronger capital efficiency for RYAN.

RGA

Insurance industry group

13.85%

Max: 41.68%
Q3: 22.04%
Median: 14.81%
RGA: 13.85%
Q1: 8.79%
Min: -10.66%

RYAN

Insurance industry group

25.15%

Max: 41.68%
RYAN: 25.15%
Q3: 22.04%
Median: 14.81%
Q1: 8.79%
Min: -10.66%

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

Net Margin (TTM)

Reinsurance Group of America (RGA) at 6.26% keeps about the industry-typical share of revenue as profit, while Ryan Specialty (RYAN) at 3.27% retains only a bottom-quartile share.

RGA

Insurance industry group

6.26%

Max: 29.92%
Q3: 17.03%
Median: 10.97%
RGA: 6.26%
Q1: 6.21%
Min: -4.68%

RYAN

Insurance industry group

3.27%

Max: 29.92%
Q3: 17.03%
Median: 10.97%
Q1: 6.21%
RYAN: 3.27%
Min: -4.68%

Reinsurance Group of America (RGA) vs. Ryan Specialty (RYAN): A comparison of their net margin against the Insurance industry group benchmark.

Operating Margin (TTM)

Neither side reports a meaningful operating margin: for Reinsurance Group of America (RGA) in Insurance and Ryan Specialty (RYAN) 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 Reinsurance Group of America (RGA) and Ryan Specialty (RYAN)
Metric	RGA	RYAN
ROE (TTM)	13.85%	25.15%
ROA (TTM)	1.00%	3.79%
Net Margin (TTM)	6.26%	3.27%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Both Reinsurance Group of America (RGA) at 7.42% and Ryan Specialty (RYAN) at 21.28% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Reinsurance Group of America (RGA) vs. Ryan Specialty (RYAN): 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 Ryan Specialty (RYAN) at -33.80% is in the bottom quartile, showing a clear gap in earnings momentum.

Reinsurance Group of America (RGA) vs. Ryan Specialty (RYAN): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Reinsurance Group of America (RGA) and Ryan Specialty (RYAN)
Metric	RGA	RYAN
Revenue Growth (YoY)	7.42%	21.28%
Revenue Growth (3Y CAGR)	14.25%	20.93%
EPS Growth (YoY)	64.86%	-33.80%
EPS Growth (3Y CAGR)	32.30%	-3.31%

Financial Strength

Current Ratio (MRQ)

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

Dividends

Dividend Yield (TTM)

Both Reinsurance Group of America (RGA) at 1.44% and Ryan Specialty (RYAN) at 1.06% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

RGA

Insurance industry group

1.44%

Max: 5.12%
Q3: 2.15%
RGA: 1.44%
Median: 0.98%
Q1: 0.00%
Min: 0.00%

RYAN

Insurance industry group

1.06%

Max: 5.12%
Q3: 2.15%
RYAN: 1.06%
Median: 0.98%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Reinsurance Group of America (RGA) at 14.60% pays out a band-typical share of earnings, while Ryan Specialty (RYAN) at 63.75% distributes more than its industry norm — less retained, thinner cover.

RGA

Insurance industry group

14.60%

Max: 76.67%
Q3: 35.18%
Median: 14.74%
RGA: 14.60%
Q1: 0.00%
Min: 0.00%

RYAN

Insurance industry group

63.75%

Max: 76.67%
RYAN: 63.75%
Q3: 35.18%
Median: 14.74%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Reinsurance Group of America (RGA) and Ryan Specialty (RYAN)
Metric	RGA	RYAN
Dividend Yield (TTM)	1.44%	1.06%
Dividend Payout Ratio (TTM)	14.60%	63.75%

Valuation

P/E Ratio (TTM)

Reinsurance Group of America (RGA) at 10.14 is near its industry’s usual P/E ratio, while Ryan Specialty (RYAN) at 59.66 sits above its peer range — an unusually expensive price for RYAN’s trailing earnings.

RGA

Insurance industry group

10.14

Max: 28.37
Q3: 18.75
Median: 12.23
RGA: 10.14
Q1: 9.08
Min: 2.32

RYAN

Insurance industry group

59.66

RYAN: 59.66
Max: 28.37
Q3: 18.75
Median: 12.23
Q1: 9.08
Min: 2.32

Reinsurance Group of America (RGA) vs. Ryan Specialty (RYAN): 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 Ryan Specialty (RYAN) at 3.78 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

RGA

Insurance industry group

0.62

Max: 4.03
Q3: 2.25
Median: 1.23
Q1: 0.85
RGA: 0.62
Min: 0.07

RYAN

Insurance industry group

3.78

Max: 4.03
RYAN: 3.78
Q3: 2.25
Median: 1.23
Q1: 0.85
Min: 0.07

Reinsurance Group of America (RGA) vs. Ryan Specialty (RYAN): 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 Ryan Specialty (RYAN) at 12.86 prices above its benchmark range — RYAN looks rich relative to book.

RGA

Insurance industry group

1.46

Max: 5.07
Q3: 2.79
Median: 1.76
RGA: 1.46
Q1: 1.23
Min: 0.30

RYAN

Insurance industry group

12.86

RYAN: 12.86
Max: 5.07
Q3: 2.79
Median: 1.76
Q1: 1.23
Min: 0.30

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

Valuation Metrics

Valuation metrics for Reinsurance Group of America (RGA) and Ryan Specialty (RYAN)
Metric	RGA	RYAN
P/E Ratio (TTM)	10.14	59.66
P/S Ratio (TTM)	0.62	3.78
P/B Ratio (MRQ)	1.46	12.86
Free Cash Flow Yield (TTM)	--	--