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Side-by-side financial comparison of ATLANTIC AMERICAN CORP (AAME) and F&G Annuities & Life, Inc. (FG). Click either name above to swap in a different company.

F&G Annuities & Life, Inc. is the larger business by last-quarter revenue ($1.8B vs $53.8M, roughly 32.8× ATLANTIC AMERICAN CORP). F&G Annuities & Life, Inc. runs the higher net margin — 7.3% vs 1.1%, a 6.2% gap on every dollar of revenue. On growth, ATLANTIC AMERICAN CORP posted the faster year-over-year revenue change (20.8% vs 13.2%). Over the past eight quarters, ATLANTIC AMERICAN CORP's revenue compounded faster (7.2% CAGR vs 6.1%).

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.

F&G Annuities & Life, Inc. is a public company headquartered in Des Moines, Iowa. It primarily provides annuities, life insurance, and pension buyout services. The company was founded in 1959.

AAME vs FG — Head-to-Head

Bigger by revenue
FG
FG
32.8× larger
FG
$1.8B
$53.8M
AAME
Growing faster (revenue YoY)
AAME
AAME
+7.5% gap
AAME
20.8%
13.2%
FG
Higher net margin
FG
FG
6.2% more per $
FG
7.3%
1.1%
AAME
Faster 2-yr revenue CAGR
AAME
AAME
Annualised
AAME
7.2%
6.1%
FG

Income Statement — Q3 2025 vs Q4 2025

Metric
AAME
AAME
FG
FG
Revenue
$53.8M
$1.8B
Net Profit
$577.0K
$128.0M
Gross Margin
Operating Margin
1.4%
Net Margin
1.1%
7.3%
Revenue YoY
20.8%
13.2%
Net Profit YoY
128.9%
-60.9%
EPS (diluted)
$0.02
$0.97

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
FG
FG
Q4 25
$1.8B
Q3 25
$53.8M
$1.7B
Q2 25
$55.3M
$1.4B
Q1 25
$50.1M
$908.0M
Q4 24
$49.0M
$1.6B
Q3 24
$44.5M
$1.4B
Q2 24
$47.7M
$1.2B
Q1 24
$47.0M
$1.6B
Net Profit
AAME
AAME
FG
FG
Q4 25
$128.0M
Q3 25
$577.0K
$118.0M
Q2 25
$3.3M
$40.0M
Q1 25
$802.0K
$-21.0M
Q4 24
$412.0K
$327.0M
Q3 24
$-2.0M
$-6.0M
Q2 24
$-684.0K
$203.0M
Q1 24
$-2.0M
$115.0M
Operating Margin
AAME
AAME
FG
FG
Q4 25
Q3 25
1.4%
Q2 25
7.6%
Q1 25
2.1%
Q4 24
1.1%
Q3 24
-5.5%
Q2 24
-1.8%
Q1 24
-5.3%
Net Margin
AAME
AAME
FG
FG
Q4 25
7.3%
Q3 25
1.1%
7.0%
Q2 25
6.0%
2.9%
Q1 25
1.6%
-2.3%
Q4 24
0.8%
21.0%
Q3 24
-4.5%
-0.4%
Q2 24
-1.4%
17.3%
Q1 24
-4.3%
7.3%
EPS (diluted)
AAME
AAME
FG
FG
Q4 25
$0.97
Q3 25
$0.02
$0.85
Q2 25
$0.15
$0.26
Q1 25
$0.03
$-0.20
Q4 24
$0.01
$2.53
Q3 24
$-0.10
$-0.08
Q2 24
$-0.04
$1.55
Q1 24
$-0.10
$0.88

Balance Sheet & Financial Strength

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

Metric
AAME
AAME
FG
FG
Cash + ST InvestmentsLiquidity on hand
$34.4M
$1.5B
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$109.5M
$4.8B
Total Assets
$430.9M
$98.4B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAME
AAME
FG
FG
Q4 25
$1.5B
Q3 25
$34.4M
$2.2B
Q2 25
$46.4M
$1.9B
Q1 25
$35.9M
$3.3B
Q4 24
$35.6M
$2.3B
Q3 24
$23.0M
$3.5B
Q2 24
$21.2M
$3.5B
Q1 24
$21.2M
$2.4B
Total Debt
AAME
AAME
FG
FG
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.0B
Q2 24
$2.0B
Q1 24
$1.7B
Stockholders' Equity
AAME
AAME
FG
FG
Q4 25
$4.8B
Q3 25
$109.5M
$4.8B
Q2 25
$106.2M
$4.4B
Q1 25
$102.4M
$4.4B
Q4 24
$99.6M
$4.0B
Q3 24
$105.8M
$4.3B
Q2 24
$100.7M
$3.7B
Q1 24
$102.8M
$3.5B
Total Assets
AAME
AAME
FG
FG
Q4 25
$98.4B
Q3 25
$430.9M
$96.1B
Q2 25
$429.3M
$91.8B
Q1 25
$388.4M
$88.0B
Q4 24
$393.4M
$85.0B
Q3 24
$387.0M
$84.1B
Q2 24
$386.0M
$78.5B
Q1 24
$365.8M
$74.4B
Debt / Equity
AAME
AAME
FG
FG
Q4 25
0.47×
Q3 25
0.46×
Q2 25
0.50×
Q1 25
0.51×
Q4 24
0.55×
Q3 24
0.47×
Q2 24
0.56×
Q1 24
0.49×

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
FG
FG
Operating Cash FlowLast quarter
$6.6M
$1.2B
Free Cash FlowOCF − Capex
$6.6M
FCF MarginFCF / Revenue
12.3%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
11.51×
9.13×
TTM Free Cash FlowTrailing 4 quarters
$24.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAME
AAME
FG
FG
Q4 25
$1.2B
Q3 25
$6.6M
$937.0M
Q2 25
$9.3M
$1.6B
Q1 25
$-722.0K
$956.0M
Q4 24
$9.6M
$1.3B
Q3 24
$90.0K
$2.1B
Q2 24
$416.0K
$1.1B
Q1 24
$-5.3M
$1.5B
Free Cash Flow
AAME
AAME
FG
FG
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
FG
FG
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
FG
FG
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
FG
FG
Q4 25
9.13×
Q3 25
11.51×
7.94×
Q2 25
2.80×
40.50×
Q1 25
-0.90×
Q4 24
23.33×
4.04×
Q3 24
Q2 24
5.20×
Q1 24
13.34×

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%

FG
FG

Reportable Segment$1.0B57%
Other$728.0M41%
Roar Joint Venture LLC$24.0M1%

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