AFG vs. AON: A Head-to-Head Stock Comparison

Updated on August 22, 2025

Here’s a clear look at AFG and AON, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Symbol	AFG	AON
Company Name	American Financial Group, Inc.	Aon plc
Country	United States	Ireland
GICS Sector	Financials	Financials
GICS Industry	Insurance	Insurance
Market Capitalization	11.18 billion USD	80.64 billion USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	June 2, 1980
Security Type	Common Stock	Common Stock

Historical Performance

This chart compares the performance of AFG and AON by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

AFG vs. AON: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	AFG	AON
5-Day Price Return	0.57%	0.52%
13-Week Price Return	5.48%	3.02%
26-Week Price Return	7.87%	-3.59%
52-Week Price Return	3.77%	12.29%
Month-to-Date Return	7.37%	4.82%
Year-to-Date Return	-2.06%	3.81%
10-Day Avg. Volume	0.43M	1.44M
3-Month Avg. Volume	0.47M	1.42M
3-Month Volatility	20.01%	21.92%
Beta	0.74	0.91

Profitability

Return on Equity (TTM)

AFG

16.90%

Insurance Industry

Max: 29.03%
Q3: 18.11%
Median: 13.90%
Q1: 10.42%
Min: -0.64%

AFG’s Return on Equity of 16.90% is on par with the norm for the Insurance industry, indicating its profitability relative to shareholder equity is typical for the sector.

AON

38.26%

Insurance Industry

Max: 29.03%
Q3: 18.11%
Median: 13.90%
Q1: 10.42%
Min: -0.64%

AON’s Return on Equity of 38.26% is exceptionally high, placing it well beyond the typical range for the Insurance industry. This demonstrates a superior ability to generate profit from shareholder investments, though it could also be inflated by high financial leverage.

AFG vs. AON: A comparison of their Return on Equity (TTM) against the Insurance industry benchmark.

Net Profit Margin (TTM)

AFG

9.23%

Insurance Industry

Max: 26.78%
Q3: 14.06%
Median: 9.15%
Q1: 5.48%
Min: -7.05%

AFG’s Net Profit Margin of 9.23% is aligned with the median group of its peers in the Insurance industry. This indicates its ability to convert revenue into profit is typical for the sector.

AON

15.54%

Insurance Industry

Max: 26.78%
Q3: 14.06%
Median: 9.15%
Q1: 5.48%
Min: -7.05%

A Net Profit Margin of 15.54% places AON in the upper quartile for the Insurance industry, signifying strong profitability and more effective cost management than most of its peers.

AFG vs. AON: A comparison of their Net Profit Margin (TTM) against the Insurance industry benchmark.

Operating Profit Margin (TTM)

AFG

11.50%

Insurance Industry

Max: 35.49%
Q3: 19.49%
Median: 14.35%
Q1: 8.53%
Min: -5.25%

In the Insurance industry, Operating Profit Margin is often not the primary measure of operational efficiency.

AON

24.55%

Insurance Industry

Max: 35.49%
Q3: 19.49%
Median: 14.35%
Q1: 8.53%
Min: -5.25%

In the Insurance industry, Operating Profit Margin is often not the primary measure of operational efficiency.

AFG vs. AON: A comparison of their Operating Profit Margin (TTM) against the Insurance industry benchmark.

Profitability at a Glance

Symbol	AFG	AON
Return on Equity (TTM)	16.90%	38.26%
Return on Assets (TTM)	2.46%	5.12%
Net Profit Margin (TTM)	9.23%	15.54%
Operating Profit Margin (TTM)	11.50%	24.55%
Gross Profit Margin (TTM)	--	47.00%

Financial Strength

Current Ratio (MRQ)

AFG

3.88

Insurance Industry

Max: 2.97
Q3: 1.33
Median: 0.55
Q1: 0.15
Min: 0.00

For the Insurance industry, the Current Ratio is often not the most suitable measure of short-term liquidity.

AON

1.03

Insurance Industry

Max: 2.97
Q3: 1.33
Median: 0.55
Q1: 0.15
Min: 0.00

For the Insurance industry, the Current Ratio is often not the most suitable measure of short-term liquidity.

AFG vs. AON: A comparison of their Current Ratio (MRQ) against the Insurance industry benchmark.

Debt-to-Equity Ratio (MRQ)

AFG

0.33

Insurance Industry

Max: 1.25
Q3: 0.65
Median: 0.34
Q1: 0.22
Min: 0.00

The Debt-to-Equity Ratio is often not the primary focus for assessing leverage in the Insurance industry.

AON

2.20

Insurance Industry

Max: 1.25
Q3: 0.65
Median: 0.34
Q1: 0.22
Min: 0.00

The Debt-to-Equity Ratio is often not the primary focus for assessing leverage in the Insurance industry.

AFG vs. AON: A comparison of their Debt-to-Equity Ratio (MRQ) against the Insurance industry benchmark.

Interest Coverage Ratio (TTM)

AFG

14.21

Insurance Industry

Max: 43.68
Q3: 20.84
Median: 9.56
Q1: 3.34
Min: -5.73

The Interest Coverage Ratio is often not a primary indicator of debt servicing capacity in the Insurance industry.

AON

6.29

Insurance Industry

Max: 43.68
Q3: 20.84
Median: 9.56
Q1: 3.34
Min: -5.73

The Interest Coverage Ratio is often not a primary indicator of debt servicing capacity in the Insurance industry.

AFG vs. AON: A comparison of their Interest Coverage Ratio (TTM) against the Insurance industry benchmark.

Financial Strength at a Glance

Symbol	AFG	AON
Current Ratio (MRQ)	3.88	1.03
Quick Ratio (MRQ)	3.88	1.02
Debt-to-Equity Ratio (MRQ)	0.33	2.20
Interest Coverage Ratio (TTM)	14.21	6.29

Growth

Revenue Growth

AFG vs. AON: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

AFG vs. AON: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

AFG

6.84%

Insurance Industry

Max: 8.23%
Q3: 4.54%
Median: 3.42%
Q1: 1.97%
Min: 0.00%

With a Dividend Yield of 6.84%, AFG offers a more attractive income stream than most of its peers in the Insurance industry, signaling a strong commitment to shareholder returns.

AON

0.75%

Insurance Industry

Max: 8.23%
Q3: 4.54%
Median: 3.42%
Q1: 1.97%
Min: 0.00%

AON’s Dividend Yield of 0.75% is in the lower quartile for the Insurance industry. This suggests the company’s strategy likely favors retaining earnings for growth over providing a high dividend income.

AFG vs. AON: A comparison of their Dividend Yield (TTM) against the Insurance industry benchmark.

Dividend Payout Ratio (TTM)

AFG

99.74%

Insurance Industry

Max: 168.02%
Q3: 85.57%
Median: 50.71%
Q1: 22.04%
Min: 0.00%

AFG’s Dividend Payout Ratio of 99.74% is in the upper quartile for the Insurance industry. This indicates a strong commitment to shareholder returns but also suggests that a smaller portion of earnings is retained for reinvestment compared to many peers.

AON

23.09%

Insurance Industry

Max: 168.02%
Q3: 85.57%
Median: 50.71%
Q1: 22.04%
Min: 0.00%

AON’s Dividend Payout Ratio of 23.09% is within the typical range for the Insurance industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

AFG vs. AON: A comparison of their Dividend Payout Ratio (TTM) against the Insurance industry benchmark.

Dividend at a Glance

Symbol	AFG	AON
Dividend Yield (TTM)	6.84%	0.75%
Dividend Payout Ratio (TTM)	99.74%	23.09%

Valuation

Price-to-Earnings Ratio (TTM)

AFG

14.58

Insurance Industry

Max: 28.91
Q3: 17.76
Median: 13.63
Q1: 10.02
Min: 2.89

AFG’s P/E Ratio of 14.58 is within the middle range for the Insurance industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

AON

30.92

Insurance Industry

Max: 28.91
Q3: 17.76
Median: 13.63
Q1: 10.02
Min: 2.89

At 30.92, AON’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Insurance industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.

AFG vs. AON: A comparison of their Price-to-Earnings Ratio (TTM) against the Insurance industry benchmark.

Price-to-Sales Ratio (TTM)

AFG

1.35

Insurance Industry

Max: 3.72
Q3: 1.98
Median: 1.23
Q1: 0.81
Min: 0.23

AFG’s P/S Ratio of 1.35 aligns with the market consensus for the Insurance industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

AON

4.80

Insurance Industry

Max: 3.72
Q3: 1.98
Median: 1.23
Q1: 0.81
Min: 0.23

With a P/S Ratio of 4.80, AON trades at a valuation that eclipses even the highest in the Insurance industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

AFG vs. AON: A comparison of their Price-to-Sales Ratio (TTM) against the Insurance industry benchmark.

Price-to-Book Ratio (MRQ)

AFG

2.33

Insurance Industry

Max: 4.37
Q3: 2.48
Median: 1.68
Q1: 1.19
Min: 0.19

AFG’s P/B Ratio of 2.33 is within the conventional range for the Insurance industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

AON

9.82

Insurance Industry

Max: 4.37
Q3: 2.48
Median: 1.68
Q1: 1.19
Min: 0.19

At 9.82, AON’s P/B Ratio is at an extreme premium to the Insurance industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

AFG vs. AON: A comparison of their Price-to-Book Ratio (MRQ) against the Insurance industry benchmark.

Valuation at a Glance

Symbol	AFG	AON
Price-to-Earnings Ratio (TTM)	14.58	30.92
Price-to-Sales Ratio (TTM)	1.35	4.80
Price-to-Book Ratio (MRQ)	2.33	9.82
Price-to-Free Cash Flow Ratio (TTM)	7.21	27.64