The Filing Desk

American Financial Group vs Assurant

American Financial Group AFG · Assurant AIZ · Multi-line Insurance

Assurant reported revenue of $12.8 billion in fiscal 2025, 1.6 times American Financial Group's $8.2 billion in fiscal 2025. American Financial Group's revenue fell 1.8% in its latest year, and Assurant's grew 7.9%.

Side by side

American Financial GroupAssurant
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$8.2B$12.8B
Revenue growth−1.8%7.9%
Revenue growth a year, last 5 years7.2%6.0%
Gross margin——
Operating margin13.1%—
Net margin10.3%6.8%
Free cash flow—$1.6B
Free cash flow margin—12.5%
Return on capital17.8%17.5%
Net debt to EBITDA0.1x−0.0x
Dividends and buybacks$705M$472M
Change in diluted share count−0.5%−1.9%
Last close$150.59$287.15
P/E at the last close13.2×13.7×
Insider trades, last 12 monthssold $16.0 millionsold $11.0 million
Piotroski F-score——
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
American Financial GroupAssurant
Operating margin
Percent of revenue
American Financial GroupAssurant
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
American Financial GroupAssurant

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the American Financial Group and Assurant pages.