American Financial Group, Inc. (AFG) vs Assurant, Inc. (AIZ)

American Financial Group, Inc. and Assurant, Inc. are both Insurance Property & Casualty companies. Assurant, Inc. is the larger, with a market value of $15.1B against $13.0B — 1.2× the size. American Financial Group, Inc. trades at the lower P/E: 12.7× against 14.2×. Assurant, Inc. grew revenue faster over the last twelve months: 9.43% against 3.27%. American Financial Group, Inc. has the higher net margin (12.0% vs 7.74%) and the higher return on invested capital (0.00% vs 0.00%). Both pay a dividend; American Financial Group, Inc. yields more (2.32% vs 1.15%). Across the 20 metrics below, American Financial Group, Inc. leads on 11 and Assurant, Inc. on 9.

Valuation

Metric AFG AIZ Insurance Property & Casualty median
P/E 12.71 14.23 12.17
P/S 1.52 1.10 1.26
P/B 2.68 2.52 1.85
Price to free cash flow 7.95 9.11 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.87% 7.03% 8.20%
Free cash flow yield 12.58% 10.98% 11.86%

Profitability

Metric AFG AIZ Insurance Property & Casualty median
Gross margin 22.74% 78.07% 37.39%
Operating margin 16.25% 10.61% 14.67%
Net margin 11.96% 7.74% 10.16%
Free cash flow margin 20.57% 0.00% 18.60%
Return on equity 21.57% 18.12% 16.59%
Return on assets 2.93% 2.95% 3.38%
Return on invested capital 0.00% 0.00% 9.43%

Growth

Metric AFG AIZ Insurance Property & Casualty median
Revenue growth (TTM) 3.27% 9.43% 5.70%
EPS growth (last fiscal year) (4.64%) 17.08% 39.61%
Revenue growth, 5-year CAGR 7.22% 5.95% 9.23%
Net income growth, 5-year CAGR 2.84% 15.43% 10.09%

Health

Metric AFG AIZ Insurance Property & Casualty median
Debt to equity 0.39 0.37 0.25
Current ratio 0.49 0.66 0.49
Net debt to EBITDA 0.08 0.26 0.08

Dividend

Metric AFG AIZ Insurance Property & Casualty median
Dividend yield 2.32% 1.15% 1.56%
Payout ratio 0.29 0.17 0.15

Size

Metric AFG AIZ Insurance Property & Casualty median
Market cap 12.96b 15.14b 2.64b

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