Is HG or RGA more undervalued in 2026?

CirclFi compares Hamilton Insurance Group, Ltd. (HG) and Reinsurance Group of America, I (RGA) using 13 institutional-grade valuation models. HG has a Quality of Company score of 9.7/10 while RGA scores 6.6/10.

Which is a better buy — HG or RGA?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do HG and RGA valuations compare?

HG at $30.00 and RGA at $204.56 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

HG vs RGA Valuation Comparison 2026 — Intrinsic Value Analysis

HG

Insurance - Reinsurance

Hamilton Insurance Group, Ltd.

Quality

9.7

out of 10

Value Trap

SAFE

Price

$30.00

Last close

Models

12/13

Active

RGA

Insurance - Reinsurance

Reinsurance Group of America, I

Quality

6.6

out of 10

Value Trap

SAFE

Price

$204.56

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	HG Fair Value	HG Upside	RGA Fair Value	RGA Upside
Bayesian DCF	Intrinsic	$105.07	+250.2%	$877.93	+329.2%
Earnings Power Value	Intrinsic	$32.40	+2.6%	$154.13	-24.7%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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HG vs RGA — Which Stock Is More Undervalued?

HG scores higher with a 9.7/10 quality rating vs RGA's 6.6/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Hamilton Insurance Group, Ltd. (HG) and Reinsurance Group of America, I (RGA) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

HG currently trades at $30.00 with a QOC of 9.7/10, while RGA trades at $204.56 with a QOC of 6.6/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).