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 $13.9B against $12.1B — 1.2× the size. American Financial Group, Inc. trades at the lower P/E: 13.0× against 13.4×. 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 (2.42% vs 1.24%). Across the 21 metrics below, American Financial Group, Inc. leads on 12 and Assurant, Inc. on 9.

Valuation

Metric AFG AIZ Insurance Property & Casualty median
P/E 13.04 13.41 10.75
P/S 1.50 1.04 1.21
P/B 2.57 2.30 1.99
Price to free cash flow 8.61 8.47 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.67% 7.46% 9.08%
Free cash flow yield 11.62% 11.80% 12.11%

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% 17.46%
Return on equity 20.41% 18.19% 17.34%
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% 8.02%
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 0.38 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 2.42% 1.24% 1.50%
Payout ratio 0.32 0.17 0.14

Size

Metric AFG AIZ Insurance Property & Casualty median
Market cap 12.08b 13.90b 2.67b

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