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American Financial Group vs Axis Capital Holdings

American Financial Group is the larger business, with $8.17bn of revenue in fiscal 2025 against $6.56bn for Axis Capital Holdings (1.2 times as much). Axis Capital Holdings grew faster (10.2% against -1.8%). Axis Capital Holdings kept more of each dollar of sales as profit: a net margin of 15.4% against 10.3%. Axis Capital Holdings carries less debt relative to equity (0.0% against 38.3%).

Latest fiscal yearAmerican Financial GroupAFG, 2025Axis Capital HoldingsAXS, 2025
Revenue $8.17bn $6.56bn
Revenue growth -1.8% 10.2%
Net income $842m $1.01bn
Operating margin 13.1% —
Net margin 10.3% 15.4%
Return on equity 18.1% 16.2%
Free cash flow — —
Cash $1.73bn $820m
Total debt $1.85bn $0
Debt to equity 38.3% 0.0%
Dividend per share $7.28 $1.76
Dividend yield 4.5% —
Share buybacks $99.0m $888m
Employees 6,900 1,966
Market value $12.77bn $7.64bn
Price vs our value range — —
Moat score 64 (Moderate) 62 (Moderate)
Insider trades, 12 months 0 buys, 9 sales 0 buys, 3 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.