Reinsurance Group of America (RGA) vs Voya Financial (VOYA)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Voya Financial (VOYA) has outperformed Reinsurance Group of America (RGA) over the past year, gaining 30.0% versus a gain of 29.8%. Over five years, RGA leads with a +111.7% price change compared with +40.8% for VOYA. Reinsurance Group of America is the larger company by market cap ($16.72 billion vs $8.58 billion), about 1.9 times the size.
On valuation, Voya Financial trades at a lower forward P/E (8.3x vs 8.6x for Reinsurance Group of America). Voya Financial offers the higher dividend yield (1.96% vs 1.45%). Voya Financial converts more of its revenue into profit, with a net margin of 8.0% 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 | RGA | VOYA |
|---|---|---|
| Share price | $255.98 | $94.67 |
| Market cap | $16.72B | $8.58B |
| 1-day change | +0.02% | -2.04% |
| YTD return | +25.79% | +29.74% |
| 1-year return | +29.81% | +30.00% |
| 5-year return | +111.67% | +40.75% |
| P/E ratio (TTM) | 11.27 | 15.94 |
| Forward P/E | 8.57 | 8.32 |
| EPS (TTM) | $22.71 | $5.94 |
| Dividend yield | 1.45% | 1.96% |
| Annual dividend | $3.72 | $1.86 |
| Revenue (latest FY) | $23.70B | $8.19B |
| Revenue growth (YoY) | +7.20% | +1.73% |
| Net income (latest FY) | $1.18B | $654.00M |
| Operating margin | — | 12.68% |
| Net margin | 4.99% | 7.99% |
| 52-week high | $258.53 | $105.64 |
| 52-week low | $178.21 | $64.50 |
| Distance from 52-week high | -0.99% | -10.38% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +8.17% | +14.69% |
| Average volume | 354.75K | 1.05M |
| Shares outstanding | 65.30M | 90.60M |
| Employees | 4,300 | 11,000 |
| 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
- Voya Financial trades at a higher earnings multiple (15.9x vs 11.3x trailing P/E).
- Reinsurance Group of America grew revenue faster in its latest fiscal year (+7.20% vs +1.73%).
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
About Voya Financial
VOYA stock →Voya Financial, Inc. provides workplace benefits, and savings solutions and technologies in the United States and internationally.
Finance · Life Insurance · 11,000 employees
RGA vs VOYA FAQ
Which is bigger, Reinsurance Group of America or Voya Financial?
Reinsurance Group of America (RGA) is larger, with a market capitalization of $16.72B compared with $8.58B for Voya Financial (VOYA).
Which stock has performed better over the past year, RGA or VOYA?
VOYA returned +30.00% over the past 12 months, compared with +29.81% for RGA (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, RGA or VOYA?
RGA has the lower trailing P/E at 11.3, versus 15.9 for VOYA. 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, Reinsurance Group of America or Voya Financial?
Voya Financial has the higher yield at 1.96%, compared with 1.45% for Reinsurance Group of America.
Are Reinsurance Group of America and Voya Financial in the same industry?
Yes. Both are classified in the Life Insurance industry within the Finance sector.