Greenlight Capital Re, Ltd. (GLRE) vs Reinsurance Group of America, Incorporated (RGA)

Greenlight Capital Re, Ltd. and Reinsurance Group of America, Incorporated are both Insurance Reinsurance companies. Reinsurance Group of America, Incorporated is the larger, with a market value of $16.0B against $487.3M — 32.9× the size. Greenlight Capital Re, Ltd. trades at the lower P/E: 9.9× against 10.8×. Reinsurance Group of America, Incorporated grew revenue faster over the last twelve months: 19.4% against −2.81%. Greenlight Capital Re, Ltd. has the higher net margin (7.47% vs 5.81%) and the higher return on invested capital (63.7% vs 9.94%). Across the 21 metrics below, Greenlight Capital Re, Ltd. leads on 17 and Reinsurance Group of America, Incorporated on 4.

Valuation

Metric GLRE RGA Insurance Reinsurance median
P/E 9.86 10.80 7.83
P/S 0.72 0.62 0.90
P/B 0.71 1.17 1.17
Price to free cash flow 2.47 3.13 4.05
EV/EBITDA n/m 7.46 3.25
EV/Sales (0.15) 0.65 0.95
Earnings yield 10.14% 9.26% 11.46%
Free cash flow yield 40.47% 31.90% 19.30%

Profitability

Metric GLRE RGA Insurance Reinsurance median
Gross margin 15.73% 13.99% 40.53%
Operating margin 15.73% 8.70% 14.54%
Net margin 7.47% 5.81% 9.44%
Free cash flow margin 29.19% 20.02% 18.88%
Return on equity 7.50% 11.63% 12.10%
Return on assets 2.31% 1.00% 2.72%
Return on invested capital 63.68% 9.94% 15.70%

Growth

Metric GLRE RGA Insurance Reinsurance median
Revenue growth (TTM) (2.81%) 19.40% 17.45%
EPS growth (last fiscal year) 75.00% 64.86% —
Revenue growth, 5-year CAGR 8.56% 10.18% 14.51%
Net income growth, 5-year CAGR 80.87% 23.29% 25.23%

Health

Metric GLRE RGA Insurance Reinsurance median
Debt to equity 0.01 0.41 0.21
Current ratio 2.43 0.14 0.59
Net debt to EBITDA (4.82) 0.92 (0.03)

Dividend

Metric GLRE RGA Insurance Reinsurance median
Dividend yield — 2.10% —
Payout ratio 0.00 0.28 0.00

Size

Metric GLRE RGA Insurance Reinsurance median
Market cap 487.34m 16.03b 3.15b

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