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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
RENAISSANCERE HOLDINGS LTD is the larger business by last-quarter revenue ($3.0B vs $2.1B, roughly 1.4× AMERICAN FINANCIAL GROUP INC). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 25.6% vs 14.5%, a 11.1% gap on every dollar of revenue. On growth, RENAISSANCERE HOLDINGS LTD posted the faster year-over-year revenue change (29.6% vs -4.0%). Over the past eight quarters, RENAISSANCERE HOLDINGS LTD's revenue compounded faster (6.9% CAGR vs 4.0%).
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
AFG vs RNR — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $3.0B |
| Net Profit | $299.0M | $760.5M |
| Gross Margin | — | — |
| Operating Margin | 18.4% | 42.5% |
| Net Margin | 14.5% | 25.6% |
| Revenue YoY | -4.0% | 29.6% |
| Net Profit YoY | 17.3% | 501.0% |
| EPS (diluted) | $3.59 | $16.16 |
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 | $2.1B | $3.0B | ||
| Q3 25 | $2.3B | $3.2B | ||
| Q2 25 | $1.9B | $3.2B | ||
| Q1 25 | $1.9B | $3.5B | ||
| Q4 24 | $2.1B | $2.3B | ||
| Q3 24 | $2.4B | $4.0B | ||
| Q2 24 | $1.9B | $2.8B | ||
| Q1 24 | $1.9B | $2.6B |
| Q4 25 | $299.0M | $760.5M | ||
| Q3 25 | $215.0M | $916.5M | ||
| Q2 25 | $174.0M | $835.4M | ||
| Q1 25 | $154.0M | $170.0M | ||
| Q4 24 | $255.0M | $-189.7M | ||
| Q3 24 | $181.0M | $1.2B | ||
| Q2 24 | $209.0M | $503.9M | ||
| Q1 24 | $242.0M | $373.6M |
| Q4 25 | 18.4% | 42.5% | ||
| Q3 25 | 11.5% | 46.3% | ||
| Q2 25 | 11.9% | 41.8% | ||
| Q1 25 | 10.6% | -2.0% | ||
| Q4 24 | 14.9% | -3.6% | ||
| Q3 24 | 9.7% | 43.7% | ||
| Q2 24 | 14.3% | 25.0% | ||
| Q1 24 | 15.9% | 24.4% |
| Q4 25 | 14.5% | 25.6% | ||
| Q3 25 | 9.2% | 28.7% | ||
| Q2 25 | 9.0% | 26.1% | ||
| Q1 25 | 8.3% | 4.9% | ||
| Q4 24 | 11.9% | -8.3% | ||
| Q3 24 | 7.6% | 29.8% | ||
| Q2 24 | 11.0% | 17.8% | ||
| Q1 24 | 12.7% | 14.4% |
| Q4 25 | $3.59 | $16.16 | ||
| Q3 25 | $2.58 | $19.40 | ||
| Q2 25 | $2.07 | $17.20 | ||
| Q1 25 | $1.84 | $3.27 | ||
| Q4 24 | $3.03 | $-3.76 | ||
| Q3 24 | $2.16 | $22.62 | ||
| Q2 24 | $2.49 | $9.41 | ||
| Q1 24 | $2.89 | $6.94 |
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 | $1.7B |
| Total DebtLower is stronger | $1.8B | $2.3B |
| Stockholders' EquityBook value | $4.8B | $11.6B |
| Total Assets | $32.6B | $53.8B |
| Debt / EquityLower = less leverage | 0.38× | 0.20× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $1.1B | $1.6B |
| Q4 25 | $1.8B | $2.3B | ||
| Q3 25 | $1.8B | $2.2B | ||
| Q2 25 | $1.5B | $2.3B | ||
| Q1 25 | $1.5B | $2.8B | ||
| Q4 24 | $1.5B | $1.9B | ||
| Q3 24 | $1.5B | $1.9B | ||
| Q2 24 | $1.5B | $2.0B | ||
| Q1 24 | $1.5B | $1.9B |
| Q4 25 | $4.8B | $11.6B | ||
| Q3 25 | $4.7B | $11.5B | ||
| Q2 25 | $4.5B | $10.8B | ||
| Q1 25 | $4.4B | $10.3B | ||
| Q4 24 | $4.5B | $10.6B | ||
| Q3 24 | $4.7B | $11.2B | ||
| Q2 24 | $4.4B | $10.2B | ||
| Q1 24 | $4.2B | $9.8B |
| Q4 25 | $32.6B | $53.8B | ||
| Q3 25 | $33.8B | $54.5B | ||
| Q2 25 | $30.7B | $54.7B | ||
| Q1 25 | $30.3B | $53.6B | ||
| Q4 24 | $30.8B | $50.7B | ||
| Q3 24 | $32.6B | $52.8B | ||
| Q2 24 | $29.9B | $51.6B | ||
| Q1 24 | $30.0B | $50.9B |
| Q4 25 | 0.38× | 0.20× | ||
| Q3 25 | 0.38× | 0.19× | ||
| Q2 25 | 0.33× | 0.21× | ||
| Q1 25 | 0.34× | 0.27× | ||
| Q4 24 | 0.33× | 0.18× | ||
| Q3 24 | 0.31× | 0.17× | ||
| Q2 24 | 0.34× | 0.19× | ||
| Q1 24 | 0.35× | 0.19× |
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 | $483.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.62× | 0.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.0M | $483.0M | ||
| Q3 25 | $216.0M | $1.6B | ||
| Q2 25 | $191.0M | $1.5B | ||
| Q1 25 | $342.0M | $157.8M | ||
| Q4 24 | $674.0M | $778.9M | ||
| Q3 24 | $459.0M | $1.5B | ||
| Q2 24 | $-88.0M | $1.2B | ||
| Q1 24 | $107.0M | $683.5M |
| Q4 25 | 2.62× | 0.64× | ||
| Q3 25 | 1.00× | 1.73× | ||
| Q2 25 | 1.10× | 1.76× | ||
| Q1 25 | 2.22× | 0.93× | ||
| Q4 24 | 2.64× | — | ||
| Q3 24 | 2.54× | 1.26× | ||
| Q2 24 | -0.42× | 2.41× | ||
| Q1 24 | 0.44× | 1.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
