American Financial Group, Inc.
American Financial Group, Inc. (NASDAQ: AFG) operates as a specialty property and casualty insurance holding company through its Great American Insurance Group subsidiary, which has been in business for over 150 years. The company maintains its headquarters and investor information at www.AFGinc.com. From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What American Financial Group, Inc. does
In the company’s own words
American Financial Group, Inc. (NASDAQ: AFG) operates as a specialty property and casualty insurance holding company through its Great American Insurance Group subsidiary, which has been in business for over 150 years. The company maintains its headquarters and investor information at www.AFGinc.com.
AFG's core business centers on providing specialized commercial property and casualty insurance products to businesses across the United States and select international markets. The company operates through 36 insurance businesses organized into three primary segments: Property and Transportation, Specialty Casualty, and Specialty Financial. The Property and Transportation segment includes agricultural-related crop insurance, transportation coverage for buses and trucks, and marine and inland marine products. Specialty Casualty encompasses excess and surplus liability, executive and professional liability, general liability, workers' compensation, and targeted market coverages for social service agencies and non-profit organizations. Specialty Financial includes fidelity and surety products, lender services, and trade credit insurance.
In 2025, AFG generated gross written premiums of $10.694 billion, with net written premiums of $7.110 billion across its property and casualty operations. The company maintains an investment portfolio valued at $17.18 billion, managed by an in-house team of investment professionals. AFG employs approximately 8,500 people, with roughly 7,700 employed at Great American Insurance Group.
The company's business model emphasizes decentralized decision-making, allowing each of its 36 insurance businesses autonomy in underwriting, claims, and policy servicing while benefiting from centralized investment and administrative support. This structure enables specialized expertise in particular lines of business and customer segments. AFG's competitive positioning reflects its focus on profitable specialty niches, sophisticated data analysis for risk profiling, and extensive specialized knowledge across its operations.
AFG maintains strong financial strength ratings, with Great American Insurance Company rated A+ by both A.M. Best and S&P. The company's subsidiaries include National Interstate, Summit, Republic Indemnity, and Mid-Continent Casualty, among others. AFG's distribution strategy relies primarily on independent insurance agents and brokers, with policies written through several thousand agents and brokers nationwide. The company's geographic footprint spans all major U.S. states, with California, Texas, and Florida representing significant premium concentrations, plus limited international operations in the United Kingdom, Ireland, Mexico, Bermuda, and the Cayman Islands.
Company details
- Sector
- Financials
- Industry (SIC)
- Property & Casualty Insurance
- Headquarters
- CINCINNATI, OH
- Fiscal year end
- December
- CIK
- 1042046
- SIC
- 6331
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns American Financial Group, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · American Financial Group, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
American Financial Group, Inc.’s bonds, as funds hold them
Funds report holding 3 issues of American Financial Group, Inc.’s debt, $139.43M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.82%, maturing 2030 to 2047.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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