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Reinsurance Group of America vs Lincoln National: RGA and LNC compared
Reinsurance Group of America is the larger company: $7.5B of revenue in its latest quarter (Q3 2026) against $5.5B for Lincoln National (Q3 2026). Reinsurance Group of America is growing faster (+22% against +20% a year earlier). Lincoln National is more profitable, with an operating margin of 31.7% against 8.3%.
Where the money goes: RGA and LNC
Reinsurance Group of America (RGA) · Q3 2026
Reinsurance Group of America, Q3 2026: revenue $7.5B (+22% year over year), operating margin 8.3%, net earnings $457M, operating cash flow −$1.4B. The chart follows the revenue to costs, profit and cash.
Lincoln National (LNC) · Q3 2026
Lincoln National, Q3 2026: revenue $5.5B (+20% year over year), operating margin 31.7%, net earnings $1.4B, operating cash flow $875M. The chart follows the revenue to costs, profit and cash.
| Reinsurance Group of America (RGA) | Lincoln National (LNC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $7.5B | $5.5B |
| Revenue growth, Y/Y | +22% | +20% |
| Operating margin | 8.3% | 31.7% |
| Net earnings | $457M | $1.4B |
| Net margin | 6.1% | 25.5% |
| Operating cash flow | −$1.4B | $875M |
| Market value | $17.3B | $7.7B |
| P/E | 10.1× | 2.3× |
| Analysts’ mean target | $279.78 | $48.08 |
Questions
Which is bigger, Reinsurance Group of America or Lincoln National?
Reinsurance Group of America is the larger company: $7.5B of revenue in its latest quarter (Q3 2026) against $5.5B for Lincoln National (Q3 2026).
Is Reinsurance Group of America or Lincoln National growing faster?
Reinsurance Group of America is growing faster (+22% against +20% a year earlier).
Which is more profitable, Reinsurance Group of America or Lincoln National?
Lincoln National is more profitable, with an operating margin of 31.7% against 8.3%.
More: Reinsurance Group of America earnings · how Reinsurance Group of America makes money · Lincoln National earnings · how Lincoln National makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.