AFMA has been growing earnings at an average annual rate of 9.9%, while the Insurance industry saw earnings growing at 8.9% annually. Revenues have been growing at an average rate of 8.8% per year. AFMA's return on equity is 102.7%, and it has net margins of 23%.
Key information
9.86%
Earnings growth rate
9.89%
EPS growth rate
Insurance Industry Growth
4.99%
Revenue growth rate
8.79%
Return on equity
102.73%
Net Margin
22.96%
Last Earnings Update
31 Dec 2025
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How AFMA makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
CBSE:AFM Revenue, expenses and earnings (MAD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Dec 25
316
73
0
0
30 Sep 25
311
75
0
0
30 Jun 25
305
77
0
0
31 Mar 25
295
75
0
0
31 Dec 24
286
72
0
0
30 Sep 24
280
69
1
0
30 Jun 24
274
66
1
0
31 Mar 24
266
63
1
0
31 Dec 23
259
60
1
0
30 Sep 23
256
62
1
0
30 Jun 23
253
63
1
0
31 Mar 23
248
61
1
0
31 Dec 22
244
59
1
0
30 Sep 22
242
60
1
0
30 Jun 22
239
61
1
0
31 Mar 22
231
59
1
0
31 Dec 21
222
58
1
0
30 Sep 21
214
51
1
0
30 Jun 21
207
45
1
0
31 Mar 21
205
44
1
0
31 Dec 20
204
43
1
0
30 Sep 20
200
44
1
0
30 Jun 20
196
46
1
0
31 Mar 20
195
48
1
0
31 Dec 19
194
50
1
0
30 Sep 19
192
52
7
0
30 Jun 19
191
53
12
0
31 Mar 19
189
51
12
0
31 Dec 18
187
50
12
0
30 Sep 18
188
52
6
0
30 Jun 18
188
54
0
0
31 Mar 18
186
56
0
0
31 Dec 17
183
59
0
0
30 Sep 17
183
59
0
0
30 Jun 17
184
59
0
0
31 Mar 17
182
58
0
0
31 Dec 16
180
57
0
0
30 Sep 16
181
57
-6
0
30 Jun 16
182
58
0
0
31 Mar 16
180
57
0
0
31 Dec 15
178
55
0
0
30 Sep 15
176
57
4
0
30 Jun 15
173
58
12
0
Quality Earnings: AFM has high quality earnings.
Growing Profit Margin: AFM's current net profit margins (23%) are lower than last year (25.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: AFM's earnings have grown by 9.9% per year over the past 5 years.
Accelerating Growth: AFM's earnings growth over the past year (0.4%) is below its 5-year average (9.9% per year).
Earnings vs Industry: AFM earnings growth over the past year (0.4%) did not outperform the Insurance industry 7%.
Return on Equity
High ROE: AFM's Return on Equity (102.7%) is considered outstanding.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/05/29 00:45
End of Day Share Price
2026/05/26 00:00
Earnings
2025/12/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
AFMA S.A. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.