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Side-by-side financial comparison of ATLANTIC AMERICAN CORP (AAME) and Athene Holding Ltd. (ATHS). Click either name above to swap in a different company.

Athene Holding Ltd. is the larger business by last-quarter revenue ($8.1B vs $53.8M, roughly 151.3× ATLANTIC AMERICAN CORP). Athene Holding Ltd. runs the higher net margin — 6.4% vs 1.1%, a 5.4% gap on every dollar of revenue. On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 20.8%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs 7.2%).

The Atlantic Telegraph Company was a company formed on 6 November 1856 to undertake and exploit a commercial telegraph cable across the Atlantic Ocean, the first such telecommunications link.

Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.

AAME vs ATHS — Head-to-Head

Bigger by revenue
ATHS
ATHS
151.3× larger
ATHS
$8.1B
$53.8M
AAME
Growing faster (revenue YoY)
ATHS
ATHS
+94.3% gap
ATHS
115.1%
20.8%
AAME
Higher net margin
ATHS
ATHS
5.4% more per $
ATHS
6.4%
1.1%
AAME
Faster 2-yr revenue CAGR
ATHS
ATHS
Annualised
ATHS
19.2%
7.2%
AAME

Income Statement — Q3 2025 vs Q4 2025

Metric
AAME
AAME
ATHS
ATHS
Revenue
$53.8M
$8.1B
Net Profit
$577.0K
$523.0M
Gross Margin
Operating Margin
1.4%
16.9%
Net Margin
1.1%
6.4%
Revenue YoY
20.8%
115.1%
Net Profit YoY
128.9%
-48.5%
EPS (diluted)
$0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAME
AAME
ATHS
ATHS
Q4 25
$8.1B
Q3 25
$53.8M
$8.0B
Q2 25
$55.3M
$5.4B
Q1 25
$50.1M
$4.2B
Q4 24
$49.0M
$3.8B
Q3 24
$44.5M
$6.5B
Q2 24
$47.7M
$4.7B
Q1 24
$47.0M
$5.7B
Net Profit
AAME
AAME
ATHS
ATHS
Q4 25
$523.0M
Q3 25
$577.0K
$1.3B
Q2 25
$3.3M
$464.0M
Q1 25
$802.0K
$465.0M
Q4 24
$412.0K
$1.0B
Q3 24
$-2.0M
$625.0M
Q2 24
$-684.0K
$629.0M
Q1 24
$-2.0M
$1.2B
Operating Margin
AAME
AAME
ATHS
ATHS
Q4 25
16.9%
Q3 25
1.4%
26.8%
Q2 25
7.6%
12.2%
Q1 25
2.1%
22.3%
Q4 24
1.1%
30.4%
Q3 24
-5.5%
25.7%
Q2 24
-1.8%
22.0%
Q1 24
-5.3%
31.1%
Net Margin
AAME
AAME
ATHS
ATHS
Q4 25
6.4%
Q3 25
1.1%
15.7%
Q2 25
6.0%
8.7%
Q1 25
1.6%
11.1%
Q4 24
0.8%
26.8%
Q3 24
-4.5%
9.6%
Q2 24
-1.4%
13.5%
Q1 24
-4.3%
20.8%
EPS (diluted)
AAME
AAME
ATHS
ATHS
Q4 25
Q3 25
$0.02
Q2 25
$0.15
Q1 25
$0.03
Q4 24
$0.01
Q3 24
$-0.10
Q2 24
$-0.04
Q1 24
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAME
AAME
ATHS
ATHS
Cash + ST InvestmentsLiquidity on hand
$34.4M
Total DebtLower is stronger
$7.8B
Stockholders' EquityBook value
$109.5M
$20.5B
Total Assets
$430.9M
$442.2B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAME
AAME
ATHS
ATHS
Q4 25
Q3 25
$34.4M
Q2 25
$46.4M
Q1 25
$35.9M
Q4 24
$35.6M
Q3 24
$23.0M
Q2 24
$21.2M
Q1 24
$21.2M
$15.3B
Total Debt
AAME
AAME
ATHS
ATHS
Q4 25
$7.8B
Q3 25
$7.9B
Q2 25
$7.9B
Q1 25
$6.3B
Q4 24
$6.3B
Q3 24
$5.7B
Q2 24
$5.7B
Q1 24
$5.7B
Stockholders' Equity
AAME
AAME
ATHS
ATHS
Q4 25
$20.5B
Q3 25
$109.5M
$20.4B
Q2 25
$106.2M
$18.1B
Q1 25
$102.4M
$17.5B
Q4 24
$99.6M
$16.4B
Q3 24
$105.8M
$17.4B
Q2 24
$100.7M
$15.0B
Q1 24
$102.8M
$14.8B
Total Assets
AAME
AAME
ATHS
ATHS
Q4 25
$442.2B
Q3 25
$430.9M
$429.9B
Q2 25
$429.3M
$405.3B
Q1 25
$388.4M
$381.5B
Q4 24
$393.4M
$363.3B
Q3 24
$387.0M
$355.0B
Q2 24
$386.0M
$332.6B
Q1 24
$365.8M
$320.6B
Debt / Equity
AAME
AAME
ATHS
ATHS
Q4 25
0.38×
Q3 25
0.38×
Q2 25
0.43×
Q1 25
0.36×
Q4 24
0.39×
Q3 24
0.33×
Q2 24
0.38×
Q1 24
0.39×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAME
AAME
ATHS
ATHS
Operating Cash FlowLast quarter
$6.6M
$3.0B
Free Cash FlowOCF − Capex
$6.6M
FCF MarginFCF / Revenue
12.3%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
11.51×
5.82×
TTM Free Cash FlowTrailing 4 quarters
$24.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAME
AAME
ATHS
ATHS
Q4 25
$3.0B
Q3 25
$6.6M
$636.0M
Q2 25
$9.3M
$1.1B
Q1 25
$-722.0K
$426.0M
Q4 24
$9.6M
$386.0M
Q3 24
$90.0K
$780.0M
Q2 24
$416.0K
$525.0M
Q1 24
$-5.3M
$185.0M
Free Cash Flow
AAME
AAME
ATHS
ATHS
Q4 25
Q3 25
$6.6M
Q2 25
$9.1M
Q1 25
$-986.0K
Q4 24
$9.5M
Q3 24
$58.0K
Q2 24
$361.0K
Q1 24
$-5.4M
FCF Margin
AAME
AAME
ATHS
ATHS
Q4 25
Q3 25
12.3%
Q2 25
16.5%
Q1 25
-2.0%
Q4 24
19.4%
Q3 24
0.1%
Q2 24
0.8%
Q1 24
-11.4%
Capex Intensity
AAME
AAME
ATHS
ATHS
Q4 25
Q3 25
0.1%
Q2 25
0.3%
Q1 25
0.5%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
AAME
AAME
ATHS
ATHS
Q4 25
5.82×
Q3 25
11.51×
0.51×
Q2 25
2.80×
2.28×
Q1 25
-0.90×
0.92×
Q4 24
23.33×
0.38×
Q3 24
1.25×
Q2 24
0.83×
Q1 24
0.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAME
AAME

Bankers Fidelity$30.0M56%
American Southern$23.7M44%

ATHS
ATHS

Segment breakdown not available.

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