L vs RGA: Correlation
Loews Corporation (L) and Reinsurance Group of America, Incorporated (RGA) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are L and RGA?
Over the past 3 years, L and RGA moved with a correlation of 0.60, which is strong. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 230.0 %².
By 3-year correlation, RGA places #22 of the 54 assets tracked against L. The trailing year gives RGA the advantage: +14.2% versus +29.0%, a 14.8-point spread.
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.
L vs RGA: side by side
| L (Loews Corporation) | RGA (Reinsurance Group of America, Incorporated) | |
|---|---|---|
| 1-year return | +14.2% | +29.0% |
| 5-year return | +100.1% | +136.6% |
| Volatility (ann.) | 16.6% | 23.0% |
| Beta vs S&P 500 | 0.33 | 0.60 |
| Max drawdown (3Y) | -12.2% | -27.1% |
| Market cap | $22.5B | $16.1B |
| P/E (trailing) | 13.5 | 10.9 |
| Dividend yield | 0.23% | 1.51% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | L | RGA |
|---|---|---|
| 2022 | +1.4% | +33.0% |
| 2023 | +19.8% | +16.4% |
| 2024 | +22.1% | +34.4% |
| 2025 | +24.7% | -3.0% |
| 2026 | +4.5% | +22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are L and RGA good diversifiers for each other?
To a limited degree. At 0.60 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 L and RGA?
As of 2026-08-27, the correlation of weekly returns between L and RGA is 0.60 over 3 years, 0.54 over 1 year and 0.63 over 5 years.
Is RGA a good diversifier for L?
To a limited degree. At 0.60 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 0.60 mean?
A reading of 0.60 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/l-vs-rga.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/l-vs-rga/)
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Related comparisons
Hubs: L correlations · RGA correlations
