afg stock American Financial Group Guide

AFG (Stock)

afg stock (NYSE: AFG) is the ticker symbol for American Financial Group, Inc., a U.S.-based insurance holding company best known for the Great American Insurance Group and its specialty property & casualty insurance and annuities businesses. This guide provides a clear, neutral overview of the company, its operations, financial reporting cadence, stock listing details, and where investors and researchers can find authoritative data and filings.

What you'll get from this article: a concise company overview, a timeline of key milestones, an explanation of business segments and distribution channels, guidance on financial metrics and stock information, and pointers to investor relations and regulatory filings for verified figures.

Company overview

American Financial Group, Inc. is an insurance holding company incorporated and listed in the United States. The company’s principal operating insurance subsidiary is Great American Insurance Group, which underwrites specialty commercial property & casualty insurance and also distributes fixed deferred annuities and other financial products. Headquartered in the U.S., AFG operates through underwriting subsidiaries that serve commercial clients, specialty markets, and financial institutions.

As a publicly listed firm, afg stock represents ownership in American Financial Group and is subject to regular regulatory reporting (quarterly 10-Q filings, annual 10-K reports) and investor communications from the company’s investor relations team.

History

• Origins: The company traces its operating roots through the Great American Insurance Group, which developed a reputation in specialty insurance lines and commercial property coverage. Over time, American Financial Group consolidated several insurance operations under the AFG holding company structure.
• Growth and acquisitions: Historically, AFG expanded by acquiring specialty insurers and underwriting platforms to broaden product lines and geographic reach, while maintaining a focus on specialty commercial risk and annuity products.
• Organizational developments: The company has periodically adjusted its organizational and capital structure to reflect underwriting cycles, investment strategies, and regulatory capital requirements.

These milestones are summarized in greater detail in the company’s investor relations materials and historical filings, which offer verified timelines of acquisitions, capital actions, and leadership changes.

Business model and operations

AFG’s business model centers on insurance underwriting and investment income. The company collects premiums from policyholders, manages underwriting risk across specialty commercial portfolios, and invests premium and reserve funds with the objective of generating investment returns that support profitability and capital adequacy.

Business segments

AFG traditionally reports results primarily across two broad groupings:

• Property & Casualty Insurance: This segment includes specialty commercial property, casualty, transportation, and specialty casualty lines underwritten by subsidiaries such as Great American Insurance Group. Specialized product suites often target sectors like trucking, commercial auto, inland marine, surety, and excess & surplus lines.
• Other (Annuities and Financial Products): This segment covers the sale and administration of fixed deferred annuities and related financial products. These products generate fee or spread income and involve asset-liability management considerations.

Each segment’s performance is driven by underwriting results (premiums earned, loss ratios, expense ratios) and investment returns on the company’s general account assets.

Distribution and sales channels

• Independent agents and brokers: AFG’s property & casualty insurance products are commonly distributed via independent insurance agents and brokers who serve commercial and specialty clients.
• Institutional channels: Annuities and other financial products are distributed through broker-dealer networks, financial advisors, and institutional partners.
• Direct institutional relationships: Some commercial insurance programs are placed through specialty program administrators or strategic underwriting partners.

Brands and subsidiaries

The company operates through multiple subsidiaries, with the Great American Insurance Group being the most prominent operating name. Product lines include commercial property and casualty, transportation insurance, specialty casualty, surety, excess & surplus lines, and fixed annuities.

Financial performance

AFG reports financial results on a quarterly and annual basis. Key metric categories used to gauge performance include revenue (premiums earned and investment income), underwriting results (loss and loss adjustment expenses, expense ratios), operating income, net income attributable to shareholders, and book value per share.

Revenue and profitability

Insurance revenue primarily consists of premiums earned and investment income. Profitability drivers include combined ratio (losses plus expenses relative to earned premiums) in the property & casualty business and net investment spread in the annuities/investment portfolio. Analysts commonly monitor underlying underwriting margins, expense control, and realized/unrealized investment gains or losses.

Balance sheet and cash flow

Key balance-sheet items for insurers include policyholder reserves (loss reserves), invested assets, cash and short-term investments, and insurance-related debt. Solvency and capital adequacy are observed through metrics such as shareholders’ equity, statutory surplus, and debt levels. Cash flow considerations focus on underwriting cash flow, investment income, and liquidity available to meet claims and regulatory capital requirements.

Recent financial highlights

As of June 30, 2024, according to American Financial Group investor relations, the company reported its most recent quarterly and annual figures in its public filings and press releases. For up-to-date numeric values such as total revenue, net income, earnings per share (EPS), and book value per share, refer to the company’s SEC filings and investor presentation materials maintained on the official investor relations site. These documents provide audited annual numbers and management’s commentary on results, one-time items, and year-over-year trends.

Note: For verified and current numeric values (market cap, latest quarterly EPS, 52-week range), consult the AFG quote pages on financial data providers and the company’s most recent 10-Q/10-K filings.

Stock information

Listing and ticker

• Exchange: New York Stock Exchange (NYSE)
• Ticker symbol: AFG
• Country: United States

When you search for afg stock on market-data platforms and brokerage interfaces, you will find official quote pages with last trade price, bid/ask, and other trading data.

Market capitalization and share count

Market capitalization equals the company’s current share price multiplied by shares outstanding. For the latest market cap and shares outstanding, use the company’s investor relations disclosures or real-time market quote pages from major financial data providers.

Price history and performance

Historic price behavior for afg stock can be examined via financial data tools that offer daily historical price series, charting, and performance comparisons. Analysts often review the 52-week high/low range, multi-year performance, and volatility measures when assessing historical stock behavior.

Dividends and share returns

AFG has a dividend policy that is communicated through its investor relations and press releases. Dividend characteristics to review include the most recent dividend per share, the trailing 12-month dividend yield, ex-dividend dates, and the company’s dividend payment history. These items are listed in company disclosures and consolidated financial-data pages.

Trading and liquidity

Trading liquidity for afg stock is reflected in its average daily trading volume and bid-ask spreads. Institutional ownership and insider transactions are reported in SEC filings and can affect liquidity dynamics. There are no widely used American Depositary Receipts (ADRs) for AFG because it is a U.S.-domiciled company listed on the NYSE.

Analysts, ratings and forecasts

Equity research analysts covering the insurance sector produce consensus recommendations (e.g., buy, hold, sell), price targets, and estimates for earnings per share (EPS) and revenue. Common valuation metrics referenced by analysts include price-to-earnings (P/E) ratio, price-to-book (P/B) ratio, return on equity (ROE), and dividend yield. For the latest analyst consensus, check respected financial-data services and broker research summaries, and always verify the date and source of analyst notes.

Corporate governance and management

Board of directors

AFG’s board of directors provides oversight on strategy, risk management, executive compensation, and corporate governance practices. The company discloses board composition, committee structures (audit, compensation, governance), and director biographies in its proxy statements filed with the SEC.

Executive management

Key executives commonly mentioned in investor materials include the Chief Executive Officer (CEO), Chief Financial Officer (CFO), and heads of major operating groups (P&C and Annuities). Management biographies, compensation disclosures, and any recent leadership changes are available in annual proxy statements and press releases.

Insider transactions (stock purchases or sales by executives and directors) are reported on SEC Forms 3/4/5 and are publicly accessible for verification.

Investor relations and regulatory filings

Official investor resources are maintained by the company and include:

• SEC filings: quarterly 10-Q and annual 10-K reports, current reports on Form 8-K, and proxy statements.
• Earnings releases and investor presentations: summary results and slides used in earnings calls or investor days.
• Conference calls and webcasts: management commentary and Q&A sessions following earnings releases.

As of June 30, 2024, according to the company’s investor relations materials, the latest annual and quarterly reports provide audited financial statements and management’s discussion of results. For precise figures and primary-source documents, obtain the filings directly through the company’s investor relations resources and the SEC’s EDGAR system.

Competitors and market position

AFG operates in the specialty property & casualty insurance market and competes with other insurance groups that focus on specialty commercial risks and annuities. Competitors include national and regional insurers that write commercial lines, niche underwriters in specialty sectors, and financial firms offering annuities and retirement products. AFG’s market position is shaped by its underwriting specialization, distribution relationships with agents and brokers, and the performance of its investment portfolio.

Risks and controversies

Principal risks for an insurance holding company such as AFG include:

• Underwriting risk: Unexpectedly high claims frequency or severity can pressure underwriting margins and profitability.
• Catastrophe exposure: Large natural disasters and catastrophic events can produce significant losses concentrated in particular lines or geographies.
• Investment and interest-rate risk: Insurers invest premiums in bond portfolios and other assets; changes in interest rates and credit spreads can affect investment returns and the market value of invested assets.
• Regulatory and legal risks: Insurance is heavily regulated at the state and federal level; litigation or regulatory actions can affect results.
• Operational and reserving risk: Reserve adequacy and the accuracy of actuarial estimates are ongoing business risks.

The company discloses material litigation, regulatory actions, and risk factors in its annual 10-K and periodic SEC filings. Any public controversies or significant litigation events are summarized in those filings and investor releases.

Recent news and developments

• As of June 30, 2024, according to American Financial Group investor relations, the company issued its most recent quarterly results and accompanying press release and presentation. Investors should review the related 10-Q and earnings presentation for quantified details on underwriting trends, net income, and book value per share.
• Earnings releases, dividend declarations, debt issuances, or changes to credit facilities are typically announced via press releases and 8-K filings. To verify recent developments, consult the company’s investor relations announcements and SEC filings with the stated release dates and filing dates.

Financial metrics and valuation (appendix)

Below are common financial metrics used when evaluating an insurer like AFG. For verified current values, consult the company’s filings and major financial-data providers.

• Price-to-Earnings (P/E) ratio: Market price divided by trailing or forward EPS.
• Earnings Per Share (EPS): Net income attributable to common shareholders divided by weighted-average shares outstanding.
• Revenue (Premiums Earned + Investment Income): Primary top-line drivers for insurance companies.
• Combined Ratio: (Losses + Loss Adjustment Expenses + Underwriting Expenses) / Premiums Earned — a key profitability metric for property & casualty insurers. A ratio below 100% indicates underwriting profitability.
• Return on Equity (ROE): Net income divided by average shareholders’ equity.
• Debt-to-Equity: Measures leverage on the balance sheet.
• Book Value per Share: Shareholders’ equity divided by shares outstanding; often compared to market price to assess price-to-book.
• Dividend yield and payout ratio: Dividend per share relative to market price and earnings.

For numeric values and historical series of these metrics, consult the company’s most recent 10-K/10-Q and reputable financial-data providers.

See also

• Great American Insurance Group (operating subsidiary)
• List of U.S. insurance companies
• NYSE listings and securities regulation
• Insurance industry overview and underwriting cycles

References

Primary sources for factual and numerical verification include American Financial Group investor relations materials, the company’s SEC filings (10-K, 10-Q, 8-K, proxy statements), and major market-data providers’ AFG quote and company profile pages (for historical prices and analyst coverage). When checking facts, always note the publication date and refer to the primary filing for confirmation.

External links

• American Financial Group — investor relations and SEC filings (consult company investor pages for official reports).
• Major market-data pages for AFG provide up-to-date quotes, historical prices, analyst consensus, and dividend history.

Important: This article is informational and not investment advice. For investment decisions, consult licensed financial professionals and primary company filings. If you plan to trade afg stock, consider using a trusted and compliant brokerage platform; for crypto-related custody or Web3 wallet needs, consider Bitget Wallet as your Web3 interface. To access real-time market data, dividend records, and SEC filings, always use official investor relations pages and regulatory databases.

Further exploration: Visit the American Financial Group investor relations page and recent SEC filings to obtain the latest audited figures, share counts, and formal disclosures. If you want to trade or monitor afg stock via a regulated exchange interface, consider supported brokerages and platforms that integrate market data and execution services.