AIG vs RGA: Correlation
How closely do American International Group (AIG) and Reinsurance Group of America, Incorporated (RGA) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIG and RGA?
Over the past 3 years, AIG and RGA moved with a correlation of 0.59, which is moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 272.3 %².
By 3-year correlation, RGA places #5 of the 28 assets tracked against AIG. Their recent paths diverged sharply: over the last 12 months RGA outperformed by 33.6 percentage points (-4.6% for AIG against +29.0% for RGA).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AIG vs RGA: side by side
| AIG (American International Group) | RGA (Reinsurance Group of America, Incorporated) | |
|---|---|---|
| 1-year return | -4.6% | +29.0% |
| 5-year return | +58.9% | +136.6% |
| Volatility (ann.) | 20.1% | 23.0% |
| Beta vs S&P 500 | 0.46 | 0.60 |
| Max drawdown (3Y) | -17.0% | -27.1% |
| Market cap | $40.1B | $16.1B |
| P/E (trailing) | 14.0 | 10.9 |
| Dividend yield | 2.40% | 1.51% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AIG | RGA |
|---|---|---|
| 2022 | +13.8% | +33.0% |
| 2023 | +9.8% | +16.4% |
| 2024 | +9.8% | +34.4% |
| 2025 | +20.0% | -3.0% |
| 2026 | -9.3% | +22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIG and RGA good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AIG and RGA?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.52 over the last year and 0.60 over 5 years.
Is RGA a good diversifier for AIG?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aig-vs-rga.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aig-vs-rga/)
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Related comparisons
Hubs: AIG correlations · RGA correlations
