American Financial Group (AFG)
Financials · Property and casualty insurance, specialty insurance and crop insurance
A specialty property-casualty insurance and crop insurance company managing catastrophic and operational risks through diversified underwriting and active reinsurance strategies.
What American Financial Group does
American Financial Group (AFG) is a Cincinnati-based property and casualty insurance holding company offering specialty insurance products, including commercial property/casualty, personal lines, crop insurance, and excess and surplus lines coverage. The company operates through multiple insurance subsidiaries and manages investments across fixed income securities, equity securities, and mortgage loans. AFG also manages investment entities on behalf of third parties and provides reinsurance protection to mitigate catastrophic losses.
Themes: ["Property and casualty insurance","Specialty insurance and excess/surplus lines","Crop insurance","Catastrophe risk management","Investment management and asset management"]
Fundamentals
- Price$142.29 as of 2026-07-09 close
- Market cap$11.7B as of 2026-07-10
- 1-year return+12.7% as of 2026-07-09 close
- P/E13.34 as of 2026-07-10
- Net margin+10.8% as of 2026-07-10
- ROE+18.8% as of 2026-07-10
- Debt / equity0.39 as of 2026-07-10
- Revenue growth (YoY)-1.0% as of 2026-07-10
- Revenue CAGR (3y)+5.1% SEC XBRL
- Beta0.60 as of 2026-07-10
Dividend: yield +2.5%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Catastrophe exposure: AFG faces material losses from natural catastrophes (hurricanes, floods, earthquakes), man-made events (terrorism, civil unrest), and climate change-driven weather volatility that could exceed reinsurance coverage and materially impact results.","Crop price and yield volatility: Weather conditions, commodity prices, and policy changes directly impact AFG's crop insurance profitability, creating significant year-to-year volatility and potential large losses from poor harvests or price declines.","Insurance industry cyclicality: Competitive pressures, rising loss costs, reinsurance pricing fluctuations, and cyclical demand for P&C insurance can materially adversely affect premium levels, renewal rates, expense ratios, and overall results of operations."]
Competitors & peers
- Berkshire Hathaway (BRK.B) — general P&C insurance, excess lines, crop insurance
- Cincinnati Financial (CINF) — P&C insurance and crop insurance peer
- Hanover Insurance Group (THG) — specialty P&C insurance
- Heritage Insurance Holdings (HRTG) — property insurance
- Old Republic International (ORI) — specialty insurance operations
- Arch Capital Group (ACGL) — property and casualty insurance
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.