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 $12.9B against $11.5B — 1.1× the size. American Financial Group, Inc. trades at the lower P/E: 12.1× against 12.5×. Assurant, Inc. grew revenue faster over the last twelve months: 9.36% against −0.24%. American Financial Group, Inc. has the higher net margin (11.5% vs 7.84%) and the higher return on invested capital (14.4% vs 12.6%). Both pay a dividend; American Financial Group, Inc. yields more (4.48% vs 1.67%). Across the 23 metrics below, American Financial Group, Inc. leads on 12 and Assurant, Inc. on 11.

Valuation

Metric AFG AIZ Insurance Property & Casualty median
P/E 12.08 12.54 10.29
P/S 1.39 0.98 1.17
P/B 2.38 2.15 1.83
Price to free cash flow 7.98 7.93 7.48
EV/EBITDA 8.58 7.98 7.49
EV/Sales 1.43 1.01 1.13
Earnings yield 8.28% 7.97% 9.50%
Free cash flow yield 12.53% 12.62% 13.29%

Profitability

Metric AFG AIZ Insurance Property & Casualty median
Gross margin 22.29% 78.12% 41.16%
Operating margin 15.60% 10.70% 15.09%
Net margin 11.51% 7.84% 11.51%
Free cash flow margin 17.37% 12.30% 17.59%
Return on equity 20.41% 18.19% 18.19%
Return on assets 2.99% 2.95% 3.74%
Return on invested capital 14.44% 12.55% 12.06%

Growth

Metric AFG AIZ Insurance Property & Casualty median
Revenue growth (TTM) (0.24%) 9.36% 8.69%
EPS growth (last fiscal year) (4.64%) 17.08% —
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 0.38 0.36 0.25
Current ratio 0.49 0.37 0.42
Net debt to EBITDA 0.08 0.26 0.08

Dividend

Metric AFG AIZ Insurance Property & Casualty median
Dividend yield 4.48% 1.67% 2.79%
Payout ratio 0.25 0.43 0.27

Size

Metric AFG AIZ Insurance Property & Casualty median
Market cap 11.48b 12.92b 2.44b

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