Lincoln National (LNC) vs Reinsurance Group of America (RGA)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Reinsurance Group of America (RGA) has outperformed Lincoln National (LNC) over the past year, gaining 29.8% versus a gain of 2.3%. Over five years, RGA leads with a +111.7% price change compared with -43.3% for LNC. Reinsurance Group of America is the larger company by market cap ($16.71 billion vs $7.85 billion), about 2.1 times the size.
On valuation, Lincoln National trades at a lower forward P/E (4.7x vs 8.6x for Reinsurance Group of America). Lincoln National offers the higher dividend yield (4.39% vs 1.45%). Lincoln National converts more of its revenue into profit, with a net margin of 6.5% versus 5.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | LNC | RGA |
|---|---|---|
| Share price | $40.99 | $255.93 |
| Market cap | $7.85B | $16.71B |
| 1-day change | -0.02% | +1.75% |
| YTD return | -7.93% | +25.79% |
| 1-year return | +2.35% | +29.81% |
| 5-year return | -43.29% | +111.67% |
| P/E ratio (TTM) | 3.49 | 11.27 |
| Forward P/E | 4.68 | 8.57 |
| EPS (TTM) | $11.73 | $22.71 |
| Dividend yield | 4.39% | 1.45% |
| Annual dividend | $1.80 | $3.72 |
| Revenue (latest FY) | $18.21B | $23.70B |
| Revenue growth (YoY) | -1.25% | +7.20% |
| Net income (latest FY) | $1.18B | $1.18B |
| Net margin | 6.46% | 4.99% |
| 52-week high | $47.67 | $258.53 |
| 52-week low | $32.18 | $178.21 |
| Distance from 52-week high | -14.01% | -1.01% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +17.30% | +8.19% |
| Average volume | 2.06M | 354.75K |
| Shares outstanding | 191.45M | 65.30M |
| Employees | 9,423 | 4,300 |
| Sector | Finance | Finance |
| Industry | Life Insurance | Life Insurance |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Reinsurance Group of America is about 2.1 times larger than Lincoln National by market value ($16.71B vs $7.85B).
- RGA has outperformed LNC by 27.5 percentage points over the past year.
- Reinsurance Group of America trades at a higher earnings multiple (11.3x vs 3.5x trailing P/E).
- Lincoln National offers a meaningfully higher dividend yield (4.39% vs 1.45%).
- Reinsurance Group of America grew revenue faster in its latest fiscal year (+7.20% vs -1.25%).
About Lincoln National
LNC stock →Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services.
Finance · Life Insurance · 9,423 employees
About Reinsurance Group of America
RGA stock →Reinsurance Group of America, Incorporated provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia. It offers individual and group life and health, disability, long-term care, and critical illness reinsurance; and financial solutions, such as asset-intensive reinsurance, longevity reinsurance, stable value products, pension risk transfer transactions, and capital solutions.
Finance · Life Insurance · 4,300 employees
LNC vs RGA FAQ
Which is bigger, Lincoln National or Reinsurance Group of America?
Reinsurance Group of America (RGA) is larger, with a market capitalization of $16.71B compared with $7.85B for Lincoln National (LNC).
Which stock has performed better over the past year, LNC or RGA?
RGA returned +29.81% over the past 12 months, compared with +2.35% for LNC (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, LNC or RGA?
LNC has the lower trailing P/E at 3.5, versus 11.3 for RGA. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Lincoln National or Reinsurance Group of America?
Lincoln National has the higher yield at 4.39%, compared with 1.45% for Reinsurance Group of America.
Are Lincoln National and Reinsurance Group of America in the same industry?
Yes. Both are classified in the Life Insurance industry within the Finance sector.