American Financial Group, Inc. (AFG) vs Old Republic International Corporation (ORI)

American Financial Group, Inc. and Old Republic International Corporation are both Insurance Property & Casualty companies. American Financial Group, Inc. is the larger, with a market value of $13.0B against $9.7B — 1.3× the size. Old Republic International Corporation trades at the lower P/E: 8.7× against 12.6×. Old Republic International Corporation grew revenue faster over the last twelve months: 12.5% against 3.27%. American Financial Group, Inc. has the higher net margin (12.0% vs 11.2%) and the lower return on invested capital (0.00% vs 12.5%). Both pay a dividend; Old Republic International Corporation yields more (3.12% vs 2.33%). Across the 21 metrics below, Old Republic International Corporation leads on 12 and American Financial Group, Inc. on 9.

Valuation

Metric AFG ORI Insurance Property & Casualty median
P/E 12.62 8.71 11.90
P/S 1.51 0.97 1.24
P/B 2.66 619.49 1.86
Price to free cash flow 7.89 8.33 7.91
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.93% 11.48% 8.14%
Free cash flow yield 12.67% 12.01% 11.91%

Profitability

Metric AFG ORI Insurance Property & Casualty median
Gross margin 22.74% 14.81% 39.44%
Operating margin 16.25% 14.81% 14.71%
Net margin 11.96% 11.20% 10.47%
Free cash flow margin 20.57% 11.64% 18.60%
Return on equity 21.57% 34.15% 16.87%
Return on assets 2.93% 3.57% 3.49%
Return on invested capital 0.00% 12.47% 11.84%

Growth

Metric AFG ORI Insurance Property & Casualty median
Revenue growth (TTM) 3.27% 12.51% 5.51%
EPS growth (last fiscal year) (4.64%) 14.81% 39.61%
Revenue growth, 5-year CAGR 7.22% 4.98% 9.23%
Net income growth, 5-year CAGR 2.84% 10.86% 10.09%

Health

Metric AFG ORI Insurance Property & Casualty median
Debt to equity 0.39 0.30 0.25
Current ratio 0.49 0.56 0.49
Net debt to EBITDA 0.08 1.04 0.08

Dividend

Metric AFG ORI Insurance Property & Casualty median
Dividend yield 2.33% 3.12% 1.59%
Payout ratio 0.29 0.28 0.15

Size

Metric AFG ORI Insurance Property & Casualty median
Market cap 12.96b 9.69b 2.62b

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