American Financial Group, Inc.
AFGD
New York Stock Exchange19.73
USD
+0.03
- -
American Financial Group, Inc.
AFGD
(New York Stock Exchange)
Recent
price
19.73
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- American Financial Group, Inc. operates as a holding company primarily engaged in property and casualty insurance, focusing on commercial products for businesses as well as offering personal lines. Its core products and services include commercial property and casualty insurance; specialty insurance products such as workers' compensation, general liability, package policies, business owners' policies, auto, umbrella, and excess and surplus lines; life insurance and annuities; crop insurance through its subsidiary Crop Risk Services; and risk management and insurance services. The company serves a diversified customer base across the United States and internationally through subsidiaries located in the United Kingdom, Ireland, Mexico, Bermuda, and the Cayman Islands. Founded in 1872, American Financial Group is headquartered in Cincinnati, Ohio. Recent major developments include the acquisition of Crop Risk Services from AIG in 2023, expanding its footprint in multi-peril crop insurance as the seventh largest provider in the U.S. The company has also invested over $50 million in digital transformation initiatives aimed at improving operational efficiency and customer experience, including AI-driven analytics to optimize underwriting processes. It reports steady growth with net sales increases in its annuity and life insurance segments and has a strategic focus on expanding specialty niche businesses through acquisitions and organic growth. Additionally, American Financial Group has maintained a strong capital management strategy, returning capital to shareholders via dividends and share repurchases, while pursuing opportunities that meet targeted return thresholds across its core insurance and financial services businesses. The company operates several subsidiaries, including Great American Insurance Company, Republic Indemnity Company, Verikai Inc., and National Interstate Corporation, among others. It continues to enhance its portfolio through mergers and acquisitions, tailored to meet evolving customer needs with innovative insurance products and risk solutions mainly in the specialty insurance sector. American Financial Group's strategic initiatives emphasize market leadership within property and casualty insurance, leveraging technology advancements to adapt to changing market demands and improve customer satisfaction across its geographic markets.
American Financial Group: 15% Capital Appreciation Potential From Its Baby Bonds
Seeking Safer +6% Yields
American Financial Group, Inc. (AFG) Q1 2024 Earnings Call Transcript
American Financial Group, Inc. (AFG) Q3 2022 Earnings Call Transcript