American Financial Group, Inc.

American Financial Group, Inc.

AFG
American Financial Group, Inc.US flagNew York Stock Exchange
141.89
USD
+1.96
- -
11.79BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
57.35
65.36
70.25
74.78
77.77
78.27
67.73
65.67
73.37
79.49
92.4
98.57
97.31
97.34
Basic EPS, GAAP
5.29
5.15
4.02
7.47
5.38
5.94
9.93
8.48
23.49
10.54
10.19
10.56
10.09
10.55
Free Cash Flow per Basic Share
8.54
14.04
15.47
13.23
20.44
23.33
27.2
25.28
20.18
13.53
23.55
13.72
18.38
19.98
Dividend per Share
1.8
1.9
2.01
2.13
4.72
4.41
4.92
3.87
27.96
14.24
8.18
9.38
7.26
6.85
Book Value per Share
32.77
34.2
35.14
39.47
37.79
41.18
45.39
49.05
41.96
37.87
38.32
39.24
41.24
40.53
Tangible Book Value per Share
51.52
55.33
52.26
54.32
58.17
53.36
67.13
76.59
56.12
44.67
47.26
49.55
53.86
52.22
Basic Weighted Avg Shares
89
88
87
87
88
89
90
86
85
85
84
84
83
83
Sales/Revenue/Turnover
5,103
5,733
6,145
6,498
6,865
6,989
6,116
5,670
6,231
6,773
7,728
8,278
8,118
8,111
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
142
144
134
134
107
210
259
299
187
100
78
81
86
89
Net Income, GAAP
471
452
352
649
475
530
897
732
1,995
898
852
887
842
879
Effective Tax Rate (%)
34.25
35.14
34.51
15.12
34.12
19.09
22.56
7.37
19.03
20.04
20.6
21.09
21.53
21.17
Profit Margin (%)
9.23
7.88
5.73
9.99
6.92
7.58
14.67
12.91
32.02
13.26
11.02
10.72
10.37
10.84
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
913
1,061
998
1,283
1,301
1,302
1,473
1,963
1,964
1,496
1,475
1,475
1,820
1,820
Total Equity
4,769
5,054
4,770
4,919
5,334
4,972
6,269
6,789
5,012
4,052
4,258
4,466
4,820
4,678
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
13.72
13.26
9.03
15.51
11.31
12.33
18.53
14.01
35.33
18.85
19.41
20.04
18.04
19.22
Return on Common Equity (%)
16.82
15.28
11.59
19.96
14.04
15.11
23.07
17.57
51.17
26.45
26.49
27.29
25
26.88

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
1,820
1,820
1,820
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
83
83
83
Market Capitalization
12,183
11,409
10,641

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
2,593
2,353
2,040
Accounts Receivable, Net
7,599
7,169
6,973
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
6,949
1,195
6,175
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.17%
-5.49%
7.93%
Free Cash Flow
7.23%
1.64%
33.07%
Net Income, GAAP
23.15%
22.29%
-5.07%
Sales/Revenue/Turnover
3.13%
7.58%
-1.93%
Total Cash Common Dividend
62.33%
102.07%
-23.1%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,881
1,886
2,363
2,148
8,278
2025
1,843
1,930
2,304
2,041
8,118
2026
1,836
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.89
2.49
2.16
3.04
10.56
2025
1.84
2.09
2.58
3.58
10.09
2026
2.3
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.2
0.7
0.69
4.8
9.38
2025
2.78
0.82
0.79
2.86
7.26
2026
2.38
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Stephen Craig Lindner
Full Time Employees
8,500
Sector
Financial Services
Industry
Insurance - Property & Casualty
Address
301 East Fourth Street Cincinnati OH United States of America 45202
IPO Date
Mar 17, 1980
Website
afginc.com
Business
American Financial Group, Inc. (AFG) is a financial services holding company primarily engaged in specialty property and casualty insurance and investments through its subsidiaries. The company operates Great American Insurance Group, which offers a diverse portfolio of commercial property and casualty insurance products including property and transportation coverage for buses, trucks, marine, agriculture, and commercial property; specialty casualty lines such as excess and surplus, general liability, professional liability, and workers' compensation; and specialty financial products encompassing fidelity and surety, trade credit insurance, and risk management for lending and leasing institutions; additional niches cover equine, trucking, executive liability, fidelity and crime, and agribusiness. Great American Financial Resources provides fixed and fixed-indexed annuities, life insurance, and supplemental health products to individuals, banks, financial institutions, and educational markets. AFG conducts business across all 50 U.S. states primarily through independent agents and brokers, with headquarters in Cincinnati, Ohio; the flagship Great American Insurance Company traces its roots to 1872, while the holding company was reorganized in its current form under the Lindner family ownership since 1973. In recent developments, AFG reported strong underwriting profitability in its specialty P&C operations for 2025, with third quarter net earnings of $215 million, core operating earnings growth of 16% year-over-year, and average renewal pricing increases of approximately 5% portfolio-wide; the company maintains significant excess capital for shareholder returns via regular and special dividends, share repurchases—including opportunistic buys funded partly by a 2025 senior notes issuance—and deployment into organic growth, start-ups, and niche acquisitions. AFG divested its annuity segment to MassMutual in 2021 for $3.5 billion to sharpen focus on high-return specialty P&C insurance, enabling robust premium growth excluding crop insurance and positioning for continued expansion into 2026.

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