AFG vs. BRO: American Financial vs. Brown & Brown Stock Comparison
How do American Financial (AFG) and Brown & Brown (BRO) 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 Brown & Brown (BRO) both belong to the Insurance industry, though AFG is classified under Property & Casualty Insurance while BRO falls under Insurance Brokers.
| Profile Item | AFG | BRO |
|---|---|---|
| Name | American Financial Group Inc | Brown & Brown Inc. |
| Country/Region | United States | United States |
| 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 | 23.92 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | March 17, 1980 | February 11, 1981 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | AFG | BRO |
|---|---|---|
| Total Return (1Y) | 15.92% | -8.59% |
| Total Return (3Y, Annualized) | 20.24% | 0.40% |
| Total Return (5Y, Annualized) | 9.64% | 3.19% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | AFG | BRO |
|---|---|---|
| Volatility (1Y, Annualized) | 17.44% | 32.50% |
| Beta (5Y) | 0.55 | 0.51 |
| Max Drawdown (5Y) | -23.85% | -55.85% |
| Avg. Volume (3M) | 386.95K | 2.25M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | AFG | BRO |
|---|---|---|
| Sharpe Ratio (1Y) | 0.67 | -0.40 |
| Sortino Ratio (1Y) | 1.02 | -0.57 |
Profitability
ROE (TTM)
Both American Financial (AFG) at 21.57% and Brown & Brown (BRO) at 9.80% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
AFG
Insurance industry group
21.57%
- Max
- 41.68%
- Q3
- 22.04%
- AFG
- 21.57%
- Median
- 14.81%
- Q1
- 8.79%
- Min
- -10.66%
BRO
Insurance industry group
9.80%
- Max
- 41.68%
- Q3
- 22.04%
- Median
- 14.81%
- BRO
- 9.80%
- Q1
- 8.79%
- Min
- -10.66%
Net Margin (TTM)
Brown & Brown (BRO) at 17.88% 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%
BRO
Insurance industry group
17.88%
- Max
- 29.92%
- BRO
- 17.88%
- 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 Brown & Brown (BRO) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | AFG | BRO |
|---|---|---|
| ROE (TTM) | 21.57% | 9.80% |
| ROA (TTM) | 2.55% | 3.89% |
| Net Margin (TTM) | 12.28% | 17.88% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Brown & Brown (BRO) at 22.49% sits in the top revenue growth quartile, while American Financial (AFG) at -1.93% is in the bottom quartile, showing a clear gap in revenue momentum.
EPS Growth
Both American Financial (AFG) at -4.57% and Brown & Brown (BRO) at -8.67% 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 | BRO |
|---|---|---|
| Revenue Growth (YoY) | -1.93% | 22.49% |
| Revenue Growth (3Y CAGR) | 6.22% | 17.38% |
| EPS Growth (YoY) | -4.57% | -8.67% |
| EPS Growth (3Y CAGR) | -1.45% | 10.06% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: American Financial (AFG) in Insurance and Brown & Brown (BRO) 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 Brown & Brown (BRO) 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 | BRO |
|---|---|---|
| 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 Brown & Brown (BRO) at 0.89% 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%
BRO
Insurance industry group
0.89%
- Max
- 5.12%
- Q3
- 2.15%
- Median
- 0.98%
- BRO
- 0.89%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both American Financial (AFG) at 28.71% and Brown & Brown (BRO) at 20.89% 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%
BRO
Insurance industry group
20.89%
- Max
- 76.67%
- Q3
- 35.18%
- BRO
- 20.89%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | AFG | BRO |
|---|---|---|
| Dividend Yield (TTM) | 2.31% | 0.89% |
| Dividend Payout Ratio (TTM) | 28.71% | 20.89% |
Valuation
P/E Ratio (TTM)
American Financial (AFG) at 12.61 is near its industry’s usual P/E ratio, while Brown & Brown (BRO) at 22.82 sits in the richer quartile — BRO needs stronger growth or earnings quality to justify the premium.
AFG
Insurance industry group
12.61
- Max
- 28.37
- Q3
- 18.75
- AFG
- 12.61
- Median
- 12.23
- Q1
- 9.08
- Min
- 2.32
BRO
Insurance industry group
22.82
- Max
- 28.37
- BRO
- 22.82
- Q3
- 18.75
- 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 Brown & Brown (BRO) at 3.51 sits in the pricier quartile — BRO 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
BRO
Insurance industry group
3.51
- Max
- 4.03
- BRO
- 3.51
- Q3
- 2.25
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
P/B Ratio (MRQ)
On P/B ratio, both American Financial (AFG) at 2.71 and Brown & Brown (BRO) at 1.87 are valued close to their industries’ norm against book — neither stands out from peers.
AFG
Insurance industry group
2.71
- Max
- 5.07
- Q3
- 2.79
- AFG
- 2.71
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
BRO
Insurance industry group
1.87
- Max
- 5.07
- Q3
- 2.79
- BRO
- 1.87
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
Valuation Metrics
| Metric | AFG | BRO |
|---|---|---|
| P/E Ratio (TTM) | 12.61 | 22.82 |
| P/S Ratio (TTM) | 1.54 | 3.51 |
| P/B Ratio (MRQ) | 2.71 | 1.87 |
| Free Cash Flow Yield (TTM) | -- | -- |