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Side-by-side financial comparison of ATLANTIC AMERICAN CORP (AAME) and REINSURANCE GROUP OF AMERICA INC (RGA). Click either name above to swap in a different company.
REINSURANCE GROUP OF AMERICA INC is the larger business by last-quarter revenue ($6.6B vs $53.8M, roughly 123.4× ATLANTIC AMERICAN CORP). REINSURANCE GROUP OF AMERICA INC runs the higher net margin — 7.0% vs 1.1%, a 5.9% gap on every dollar of revenue. On growth, REINSURANCE GROUP OF AMERICA INC posted the faster year-over-year revenue change (26.6% vs 20.8%). Over the past eight quarters, ATLANTIC AMERICAN CORP's revenue compounded faster (7.2% CAGR vs 2.3%).
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.
Reinsurance Group of America, Incorporated is a holding company for a global life and health reinsurance entity based in Greater St. Louis within the western suburb of Chesterfield, Missouri, United States. With approximately $3.9 trillion of life reinsurance in force and assets of $118.7 billion as of December 31, 2024, RGA has grown to become the only international company to focus primarily on life and health-related reinsurance.
AAME vs RGA — Head-to-Head
Income Statement — Q3 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $53.8M | $6.6B |
| Net Profit | $577.0K | $463.0M |
| Gross Margin | — | — |
| Operating Margin | 1.4% | 7.7% |
| Net Margin | 1.1% | 7.0% |
| Revenue YoY | 20.8% | 26.6% |
| Net Profit YoY | 128.9% | 212.8% |
| EPS (diluted) | $0.02 | $6.91 |
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.
| Q4 25 | — | $6.6B | ||
| Q3 25 | $53.8M | $6.2B | ||
| Q2 25 | $55.3M | $5.6B | ||
| Q1 25 | $50.1M | $5.3B | ||
| Q4 24 | $49.0M | $5.2B | ||
| Q3 24 | $44.5M | $5.7B | ||
| Q2 24 | $47.7M | $4.9B | ||
| Q1 24 | $47.0M | $6.3B |
| Q4 25 | — | $463.0M | ||
| Q3 25 | $577.0K | $253.0M | ||
| Q2 25 | $3.3M | $180.0M | ||
| Q1 25 | $802.0K | $286.0M | ||
| Q4 24 | $412.0K | $148.0M | ||
| Q3 24 | $-2.0M | $156.0M | ||
| Q2 24 | $-684.0K | $203.0M | ||
| Q1 24 | $-2.0M | $210.0M |
| Q4 25 | — | 7.7% | ||
| Q3 25 | 1.4% | 5.2% | ||
| Q2 25 | 7.6% | 6.1% | ||
| Q1 25 | 2.1% | 7.0% | ||
| Q4 24 | 1.1% | 4.3% | ||
| Q3 24 | -5.5% | 3.8% | ||
| Q2 24 | -1.8% | 5.5% | ||
| Q1 24 | -5.3% | 4.3% |
| Q4 25 | — | 7.0% | ||
| Q3 25 | 1.1% | 4.1% | ||
| Q2 25 | 6.0% | 3.2% | ||
| Q1 25 | 1.6% | 5.4% | ||
| Q4 24 | 0.8% | 2.8% | ||
| Q3 24 | -4.5% | 2.8% | ||
| Q2 24 | -1.4% | 4.2% | ||
| Q1 24 | -4.3% | 3.3% |
| Q4 25 | — | $6.91 | ||
| Q3 25 | $0.02 | $3.81 | ||
| Q2 25 | $0.15 | $2.70 | ||
| Q1 25 | $0.03 | $4.27 | ||
| Q4 24 | $0.01 | $2.21 | ||
| Q3 24 | $-0.10 | $2.33 | ||
| Q2 24 | $-0.04 | $3.03 | ||
| Q1 24 | $-0.10 | $3.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.4M | $4.2B |
| Total DebtLower is stronger | — | $5.7B |
| Stockholders' EquityBook value | $109.5M | $13.5B |
| Total Assets | $430.9M | $156.6B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.2B | ||
| Q3 25 | $34.4M | $4.6B | ||
| Q2 25 | $46.4M | $5.4B | ||
| Q1 25 | $35.9M | $5.2B | ||
| Q4 24 | $35.6M | $3.3B | ||
| Q3 24 | $23.0M | $5.2B | ||
| Q2 24 | $21.2M | $4.6B | ||
| Q1 24 | $21.2M | $5.9B |
| Q4 25 | — | $5.7B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | — | $5.7B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.1B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | — | $13.5B | ||
| Q3 25 | $109.5M | $13.0B | ||
| Q2 25 | $106.2M | $12.1B | ||
| Q1 25 | $102.4M | $11.4B | ||
| Q4 24 | $99.6M | $10.8B | ||
| Q3 24 | $105.8M | $11.1B | ||
| Q2 24 | $100.7M | $9.7B | ||
| Q1 24 | $102.8M | $9.5B |
| Q4 25 | — | $156.6B | ||
| Q3 25 | $430.9M | $152.0B | ||
| Q2 25 | $429.3M | $133.5B | ||
| Q1 25 | $388.4M | $128.2B | ||
| Q4 24 | $393.4M | $118.7B | ||
| Q3 24 | $387.0M | $120.3B | ||
| Q2 24 | $386.0M | $109.9B | ||
| Q1 24 | $365.8M | $106.0B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.44× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.46× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | 0.47× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $6.6M | $7.3B |
| Free Cash FlowOCF − Capex | $6.6M | — |
| FCF MarginFCF / Revenue | 12.3% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | 11.51× | 15.83× |
| TTM Free Cash FlowTrailing 4 quarters | $24.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $7.3B | ||
| Q3 25 | $6.6M | $-990.0M | ||
| Q2 25 | $9.3M | $-820.0M | ||
| Q1 25 | $-722.0K | $-1.4B | ||
| Q4 24 | $9.6M | $17.1B | ||
| Q3 24 | $90.0K | $-1.1B | ||
| Q2 24 | $416.0K | $-967.0M | ||
| Q1 24 | $-5.3M | $-5.7B |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | — | 15.83× | ||
| Q3 25 | 11.51× | -3.91× | ||
| Q2 25 | 2.80× | -4.56× | ||
| Q1 25 | -0.90× | -5.00× | ||
| Q4 24 | 23.33× | 115.81× | ||
| Q3 24 | — | -6.84× | ||
| Q2 24 | — | -4.76× | ||
| Q1 24 | — | -27.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAME
| Bankers Fidelity | $30.0M | 56% |
| American Southern | $23.7M | 44% |
RGA
Segment breakdown not available.
