If $R$ is a left Artin ring with unity, we can conclude that the regular module $_R R$ can be decomposed into a direct sum of indecomposable projective modules. Since $R$ is left Artin, $_R R$ is a finite length module, and any finite length module can be decomposed into a direct sum of indecomposable modules.
Is there a counterexample for a non-Artin ring? What about a Noetherian ring?