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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and AMERISAFE INC (AMSF). Click either name above to swap in a different company.
AMERICAN FINANCIAL GROUP INC is the larger business by last-quarter revenue ($2.1B vs $80.1M, roughly 25.8× AMERISAFE INC). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 10.2%, a 4.3% gap on every dollar of revenue. On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs -4.0%). Over the past eight quarters, AMERICAN FINANCIAL GROUP INC's revenue compounded faster (4.0% CAGR vs 2.8%).
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
AMERISAFE Inc. is a specialty insurance provider that focuses exclusively on workers' compensation coverage for small and mid-sized businesses in high-hazard industries including construction, logging, trucking, and manufacturing. It operates across 49 U.S. states, offering tailored insurance policies paired with targeted risk management support for clients.
AFG vs AMSF — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $80.1M |
| Net Profit | $299.0M | $8.1M |
| Gross Margin | — | — |
| Operating Margin | 18.4% | — |
| Net Margin | 14.5% | 10.2% |
| Revenue YoY | -4.0% | 10.3% |
| Net Profit YoY | 17.3% | -9.0% |
| EPS (diluted) | $3.59 | $0.43 |
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.
| Q1 26 | — | $80.1M | ||
| Q4 25 | $2.1B | $81.6M | ||
| Q3 25 | $2.3B | $82.0M | ||
| Q2 25 | $1.9B | $81.1M | ||
| Q1 25 | $1.9B | $72.6M | ||
| Q4 24 | $2.1B | $74.0M | ||
| Q3 24 | $2.4B | $78.7M | ||
| Q2 24 | $1.9B | $75.8M |
| Q1 26 | — | $8.1M | ||
| Q4 25 | $299.0M | $10.4M | ||
| Q3 25 | $215.0M | $13.8M | ||
| Q2 25 | $174.0M | $14.0M | ||
| Q1 25 | $154.0M | $8.9M | ||
| Q4 24 | $255.0M | $13.2M | ||
| Q3 24 | $181.0M | $14.3M | ||
| Q2 24 | $209.0M | $11.0M |
| Q1 26 | — | — | ||
| Q4 25 | 18.4% | 15.6% | ||
| Q3 25 | 11.5% | 21.3% | ||
| Q2 25 | 11.9% | 21.5% | ||
| Q1 25 | 10.6% | 15.5% | ||
| Q4 24 | 14.9% | 22.7% | ||
| Q3 24 | 9.7% | 22.6% | ||
| Q2 24 | 14.3% | 18.1% |
| Q1 26 | — | 10.2% | ||
| Q4 25 | 14.5% | 12.8% | ||
| Q3 25 | 9.2% | 16.9% | ||
| Q2 25 | 9.0% | 17.2% | ||
| Q1 25 | 8.3% | 12.3% | ||
| Q4 24 | 11.9% | 17.8% | ||
| Q3 24 | 7.6% | 18.2% | ||
| Q2 24 | 11.0% | 14.5% |
| Q1 26 | — | $0.43 | ||
| Q4 25 | $3.59 | $0.55 | ||
| Q3 25 | $2.58 | $0.72 | ||
| Q2 25 | $2.07 | $0.73 | ||
| Q1 25 | $1.84 | $0.47 | ||
| Q4 24 | $3.03 | $0.69 | ||
| Q3 24 | $2.16 | $0.75 | ||
| Q2 24 | $2.49 | $0.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.7B | $34.2M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $4.8B | $246.6M |
| Total Assets | $32.6B | — |
| Debt / EquityLower = less leverage | 0.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $34.2M | ||
| Q4 25 | $1.7B | $61.9M | ||
| Q3 25 | $1.8B | $54.7M | ||
| Q2 25 | $1.3B | $48.5M | ||
| Q1 25 | $1.3B | $44.8M | ||
| Q4 24 | $1.4B | $44.1M | ||
| Q3 24 | $1.3B | $63.7M | ||
| Q2 24 | $1.1B | $30.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — |
| Q1 26 | — | $246.6M | ||
| Q4 25 | $4.8B | $251.6M | ||
| Q3 25 | $4.7B | $274.8M | ||
| Q2 25 | $4.5B | $265.6M | ||
| Q1 25 | $4.4B | $260.8M | ||
| Q4 24 | $4.5B | $257.3M | ||
| Q3 24 | $4.7B | $314.4M | ||
| Q2 24 | $4.4B | $301.0M |
| Q1 26 | — | — | ||
| Q4 25 | $32.6B | $1.1B | ||
| Q3 25 | $33.8B | $1.2B | ||
| Q2 25 | $30.7B | $1.2B | ||
| Q1 25 | $30.3B | $1.2B | ||
| Q4 24 | $30.8B | $1.2B | ||
| Q3 24 | $32.6B | $1.3B | ||
| Q2 24 | $29.9B | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 0.33× | — | ||
| Q3 24 | 0.31× | — | ||
| Q2 24 | 0.34× | — |
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 | $784.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $784.0M | $10.6M | ||
| Q3 25 | $216.0M | $10.7M | ||
| Q2 25 | $191.0M | $-8.4M | ||
| Q1 25 | $342.0M | $-1.8M | ||
| Q4 24 | $674.0M | $10.8M | ||
| Q3 24 | $459.0M | $8.4M | ||
| Q2 24 | $-88.0M | $-2.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $10.4M | ||
| Q3 25 | — | $9.8M | ||
| Q2 25 | — | $-9.5M | ||
| Q1 25 | — | $-1.8M | ||
| Q4 24 | — | $10.8M | ||
| Q3 24 | — | $8.4M | ||
| Q2 24 | — | $-2.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 12.8% | ||
| Q3 25 | — | 11.9% | ||
| Q2 25 | — | -11.7% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | — | 14.6% | ||
| Q3 24 | — | 10.7% | ||
| Q2 24 | — | -3.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.62× | 1.02× | ||
| Q3 25 | 1.00× | 0.77× | ||
| Q2 25 | 1.10× | -0.61× | ||
| Q1 25 | 2.22× | -0.20× | ||
| Q4 24 | 2.64× | 0.82× | ||
| Q3 24 | 2.54× | 0.59× | ||
| Q2 24 | -0.42× | -0.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
