AFG vs. AON: American Financial vs. Aon Stock Comparison
How do American Financial (AFG) and Aon (AON) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
American Financial (AFG) and Aon (AON) both belong to the Insurance industry, though AFG is classified under Property & Casualty Insurance while AON falls under Insurance Brokers.
| Profile Item | AFG | AON |
|---|---|---|
| Name | American Financial Group Inc | Aon plc Class A |
| Country/Region | United States | Ireland |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Insurance | Insurance |
| GICS Industry | Insurance | Insurance |
| GICS Sub-Industry | Property & Casualty Insurance | Insurance Brokers |
| Market Capitalization | 12.79 billion USD | 71.03 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | March 17, 1980 | June 2, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | AFG | AON |
|---|---|---|
| Total Return (1Y) | 15.92% | -1.97% |
| Total Return (3Y, Annualized) | 20.24% | 1.25% |
| Total Return (5Y, Annualized) | 9.64% | 3.28% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | AFG | AON |
|---|---|---|
| Volatility (1Y, Annualized) | 17.44% | 29.20% |
| Beta (5Y) | 0.55 | 0.60 |
| Max Drawdown (5Y) | -23.85% | -33.57% |
| Avg. Volume (3M) | 386.95K | 1.64M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | AFG | AON |
|---|---|---|
| Sharpe Ratio (1Y) | 0.67 | -0.21 |
| Sortino Ratio (1Y) | 1.02 | -0.29 |
Profitability
ROE (TTM)
Aon (AON) at 43.38% clears its industry range for ROE, a sharper capital-efficiency signal than American Financial (AFG) at 21.57%, which is closer to a typical peer reading.
AFG
Insurance industry group
21.57%
- Max
- 41.68%
- Q3
- 22.04%
- AFG
- 21.57%
- Median
- 14.81%
- Q1
- 8.79%
- Min
- -10.66%
AON
Insurance industry group
43.38%
- AON
- 43.38%
- Max
- 41.68%
- Q3
- 22.04%
- Median
- 14.81%
- Q1
- 8.79%
- Min
- -10.66%
Net Margin (TTM)
Aon (AON) at 22.24% retains a top-quartile share of revenue as profit, ahead of American Financial (AFG) at 12.28%, which keeps about the industry-typical share.
AFG
Insurance industry group
12.28%
- Max
- 29.92%
- Q3
- 17.03%
- AFG
- 12.28%
- Median
- 10.97%
- Q1
- 6.21%
- Min
- -4.68%
AON
Insurance industry group
22.24%
- Max
- 29.92%
- AON
- 22.24%
- Q3
- 17.03%
- Median
- 10.97%
- Q1
- 6.21%
- Min
- -4.68%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for American Financial (AFG) in Insurance and Aon (AON) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | AFG | AON |
|---|---|---|
| ROE (TTM) | 21.57% | 43.38% |
| ROA (TTM) | 2.55% | 5.45% |
| Net Margin (TTM) | 12.28% | 22.24% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Aon (AON) at 9.45% is around its peer norm for revenue growth, while American Financial (AFG) at -1.93% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Both American Financial (AFG) at -4.57% and Aon (AON) at 36.27% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | AFG | AON |
|---|---|---|
| Revenue Growth (YoY) | -1.93% | 9.45% |
| Revenue Growth (3Y CAGR) | 6.22% | 11.25% |
| EPS Growth (YoY) | -4.57% | 36.27% |
| EPS Growth (3Y CAGR) | -1.45% | 11.92% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: American Financial (AFG) in Insurance and Aon (AON) in Insurance both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: American Financial (AFG) in Insurance and Aon (AON) in Insurance run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | AFG | AON |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
American Financial (AFG) at 2.31% delivers top-quartile income for its industry, while Aon (AON) at 0.91% pays a more typical yield — both are credible income propositions, AFG the richer one.
AFG
Insurance industry group
2.31%
- Max
- 5.12%
- AFG
- 2.31%
- Q3
- 2.15%
- Median
- 0.98%
- Q1
- 0.00%
- Min
- 0.00%
AON
Insurance industry group
0.91%
- Max
- 5.12%
- Q3
- 2.15%
- Median
- 0.98%
- AON
- 0.91%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both American Financial (AFG) at 28.71% and Aon (AON) at 17.13% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
AFG
Insurance industry group
28.71%
- Max
- 76.67%
- Q3
- 35.18%
- AFG
- 28.71%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
AON
Insurance industry group
17.13%
- Max
- 76.67%
- Q3
- 35.18%
- AON
- 17.13%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | AFG | AON |
|---|---|---|
| Dividend Yield (TTM) | 2.31% | 0.91% |
| Dividend Payout Ratio (TTM) | 28.71% | 17.13% |
Valuation
P/E Ratio (TTM)
Both American Financial (AFG) at 12.61 and Aon (AON) at 18.33 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
AFG
Insurance industry group
12.61
- Max
- 28.37
- Q3
- 18.75
- AFG
- 12.61
- Median
- 12.23
- Q1
- 9.08
- Min
- 2.32
AON
Insurance industry group
18.33
- Max
- 28.37
- Q3
- 18.75
- AON
- 18.33
- Median
- 12.23
- Q1
- 9.08
- Min
- 2.32
P/S Ratio (TTM)
American Financial (AFG) at 1.54 is priced about in line with its industry on P/S ratio, while Aon (AON) at 4.02 sits in the pricier quartile — AON costs more per dollar of sales.
AFG
Insurance industry group
1.54
- Max
- 4.03
- Q3
- 2.25
- AFG
- 1.54
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
AON
Insurance industry group
4.02
- Max
- 4.03
- AON
- 4.02
- Q3
- 2.25
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
P/B Ratio (MRQ)
American Financial (AFG) at 2.71 sits near its industry’s typical P/B ratio, while Aon (AON) at 7.03 prices above its benchmark range — AON looks rich relative to book.
AFG
Insurance industry group
2.71
- Max
- 5.07
- Q3
- 2.79
- AFG
- 2.71
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
AON
Insurance industry group
7.03
- AON
- 7.03
- Max
- 5.07
- Q3
- 2.79
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
Valuation Metrics
| Metric | AFG | AON |
|---|---|---|
| P/E Ratio (TTM) | 12.61 | 18.33 |
| P/S Ratio (TTM) | 1.54 | 4.02 |
| P/B Ratio (MRQ) | 2.71 | 7.03 |
| Free Cash Flow Yield (TTM) | -- | -- |