Symbols / AFG Stock $134.30 +1.27% American Financial Group, Inc.

Financial Services • Insurance - Property & Casualty • United States • NYQ
AFG (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Insurance - Property & Casualty
CEO Mr. Stephen Craig Lindner
Exch · Country NYQ · United States
Market Cap 11.16B
Enterprise Value 11.76B
Income 879.00M
Sales 7.95B
FCF (ttm) 299.88M
Book/sh 56.30
Cash/sh 17.26
Employees 8,500
Insider 10d —
IPO Mar 17, 1980
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 31.91%
P/E 12.75
Forward P/E 11.13
PEG 2.30
P/S 1.40
P/B 2.39
P/C —
EV/EBITDA 8.92
EV/Sales 1.48
Quick Ratio 0.84
Current Ratio 2.15
Debt/Eq 43.52
LT Debt/Eq —
EPS (ttm) 10.53
EPS next Y 12.07
EPS Growth 24.60%
Revenue Growth 0.30%
EPS Gr Q/Q 24.00%
Rev Gr Q/Q —
Earnings (next) 2026-04-29
Earnings (prior) 2026-04-29
ROA 2.45%
ROE 19.38%
ROIC —
Gross Margin 19.29%
Oper. Margin 14.64%
Profit Margin 11.06%
Shs Outstand 83.09M
Shs Float 71.67M
Insider Own 20.36%
Instit Own 67.82%
Short Float 2.09%
Short Ratio 3.12
Short Interest 1.44M
52W High 150.02
vs 52W High -10.48%
52W Low 120.52
vs 52W Low 11.43%
Beta 0.64
Impl. Vol. 48.04%
Rel Volume 0.51
Avg Volume 603.80K
Volume 306.97K
Target (mean) $142.00
Tgt Median $139.00
Tgt Low $127.00
Tgt High $158.00
# Analysts 6
Recom Buy
Prev Close $132.61
Price $134.30
Change 1.27%
About

American Financial Group, Inc., an insurance holding company, provides property and casualty insurance products in the United States. It operates through Property and Casualty Insurance and Other segments. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, other specialty transportation niches, inland and ocean marine, agricultural-related products, and other commercial property coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance. It sells its property and casualty insurance products through independent insurance agents and brokers. American Financial Group, Inc. was formerly known as American Financial Group Holdings Inc and changed its name to American Financial Group, Inc. in July 1997. The company was founded in 1872 and is headquartered in Cincinnati, Ohio.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$142.00
Mean price target
2. Current target
$134.30
Latest analyst target
3. DCF / Fair value
$64.97
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$134.30
Low
$127.00
High
$158.00
Mean
$142.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-06 main Wells Fargo Overweight → Overweight $158
2026-05-01 main Piper Sandler Neutral → Neutral $135
2026-04-09 main Wells Fargo Overweight → Overweight $155
2026-03-25 main Keefe, Bruyette & Woods Market Perform → Market Perform $140
2026-02-05 main Wells Fargo Overweight → Overweight $160
2026-01-15 init Wells Fargo — → Overweight $165
2025-11-06 main Piper Sandler Neutral → Neutral $139
2025-08-12 main Keefe, Bruyette & Woods Market Perform → Market Perform $124
2025-08-11 main Jefferies Hold → Hold $130
2025-07-09 main Keefe, Bruyette & Woods Market Perform → Market Perform $127
2025-05-09 main Keefe, Bruyette & Woods Market Perform → Market Perform $125
2025-04-09 main Keefe, Bruyette & Woods Market Perform → Market Perform $126
2025-02-07 down Keefe, Bruyette & Woods Outperform → Market Perform $144
2025-01-10 main Keefe, Bruyette & Woods Outperform → Outperform $164
2024-11-15 main BMO Capital Market Perform → Market Perform $143
2024-11-12 main Piper Sandler Neutral → Neutral $150
2024-10-08 main BMO Capital Market Perform → Market Perform $135
2024-06-28 down Citigroup Buy → Neutral $137
2024-05-06 main Piper Sandler Neutral → Neutral $135
2024-04-01 main Piper Sandler Neutral → Neutral $129
News
RSS: Latest AFG news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-27 HERTZMAN BRIAN S. Chief Financial Officer — 1,663 $133.70 $222,346
2026-02-26 LINDNER S CRAIG Chief Executive Officer — 11,294 $0.00 $0
2026-02-26 BERDING JOHN B President — 8,847 $0.00 $0
2026-02-26 LINDNER CARL H III Chief Executive Officer — 11,294 $0.00 $0
2026-02-26 GILLIS MICHELLE A Officer — 3,012 $0.00 $0
2026-02-26 HERTZMAN BRIAN S. Chief Financial Officer — 3,163 $0.00 $0
2026-02-26 THOMPSON DAVID LAWRENCE JR Officer and Director — 4,706 $0.00 $0
2026-02-26 WEISS MARK A. General Counsel — 3,012 $0.00 $0
2026-02-26 LINDNER STEPHEN CRAIG JR Director — 3,389 $0.00 $0
2025-12-29 GILLIS MICHELLE A Officer — 542 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
8,118.00
-1.93%
8,278.00
+7.12%
7,728.00
+14.10%
6,773.00
Operating Revenue
8,118.00
-1.93%
8,278.00
+7.12%
7,728.00
+14.10%
6,773.00
Other Operating Expenses
333.00
+4.39%
319.00
+4.59%
305.00
+19.61%
255.00
Total Expenses
7,045.00
-1.52%
7,154.00
+7.50%
6,655.00
+17.79%
5,650.00
Reconciled Depreciation
86.00
+6.17%
81.00
+3.85%
78.00
-22.00%
100.00
EBIT
1,153.00
-3.92%
1,200.00
+4.44%
1,149.00
-4.88%
1,208.00
Net Income
842.00
-5.07%
887.00
+4.11%
852.00
-5.12%
898.00
Pretax Income
1,073.00
-4.54%
1,124.00
+4.75%
1,073.00
-4.45%
1,123.00
Net Non Operating Interest Income Expense
-80.00
-5.26%
-76.00
+0.00%
-76.00
+10.59%
-85.00
Interest Expense Non Operating
80.00
+5.26%
76.00
+0.00%
76.00
-10.59%
85.00
Net Interest Income
-80.00
-5.26%
-76.00
+0.00%
-76.00
+10.59%
-85.00
Interest Expense
80.00
+5.26%
76.00
+0.00%
76.00
-10.59%
85.00
Interest Income
33.00
+13.79%
29.00
-14.71%
34.00
-12.82%
39.00
Other Income Expense
115.00
-7.26%
124.00
-15.07%
146.00
+24.79%
117.00
Tax Provision
231.00
-2.53%
237.00
+7.24%
221.00
-1.78%
225.00
Tax Rate For Calcs
0.00
+4.34%
0.00
+2.37%
0.00
+2.98%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
842.00
-5.07%
887.00
+4.11%
852.00
-5.12%
898.00
Net Income From Continuing Operation Net Minority Interest
842.00
-5.07%
887.00
+4.11%
852.00
-5.12%
898.00
Net Income From Continuing And Discontinued Operation
842.00
-5.07%
887.00
+4.11%
852.00
-5.12%
898.00
Net Income Continuous Operations
842.00
-5.07%
887.00
+4.11%
852.00
-5.12%
898.00
Net Income Discontinuous Operations
—
—
0.00
0.00
Minority Interests
—
—
—
0.00
Normalized Income
842.00
-5.07%
887.00
+4.11%
852.00
-5.12%
898.00
Net Income Common Stockholders
842.00
-5.07%
887.00
+4.11%
852.00
-5.12%
898.00
Diluted EPS
10.08
-4.57%
10.56
+5.10%
10.05
-4.56%
10.53
Basic EPS
10.09
-4.44%
10.56
+3.68%
10.19
-3.34%
10.54
Basic Average Shares
83.42
-0.66%
83.98
+0.41%
83.64
-1.84%
85.20
Diluted Average Shares
83.50
-0.57%
83.98
-0.97%
84.80
-0.59%
85.30
Diluted NI Availto Com Stockholders
842.00
-5.07%
887.00
+4.11%
852.00
-5.12%
898.00
Loss Adjustment Expense
4,388.00
-1.61%
4,460.00
+10.59%
4,033.00
+11.13%
3,629.00
Net Policyholder Benefits And Claims
4,388.00
-1.61%
4,460.00
+10.59%
4,033.00
+11.13%
3,629.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Assets
32,642.00
+5.86%
30,836.00
+3.52%
29,787.00
Cash Cash Equivalents And Short Term Investments
2,353.00
-80.07%
11,804.00
+1.74%
11,602.00
Cash And Cash Equivalents
1,727.00
+22.83%
1,406.00
+14.78%
1,225.00
Other Short Term Investments
626.00
-93.98%
10,398.00
+0.20%
10,377.00
Receivables
8,381.00
+7.02%
7,831.00
+10.00%
7,119.00
Accounts Receivable
7,169.00
+6.87%
6,708.00
+12.78%
5,948.00
Other Receivables
1,212.00
+7.93%
1,123.00
-4.10%
1,171.00
Prepaid Assets
1,089.00
+7.50%
1,013.00
+5.41%
961.00
Goodwill And Other Intangible Assets
327.00
+7.21%
305.00
+0.00%
305.00
Goodwill
327.00
+7.21%
305.00
+0.00%
305.00
Investments And Advances
14,349.00
+6.27%
13,502.00
+1.78%
13,266.00
Long Term Equity Investment
2,421.00
+6.32%
2,277.00
+25.52%
1,814.00
Total Liabilities Net Minority Interest
27,822.00
+5.51%
26,370.00
+3.29%
25,529.00
Payables And Accrued Expenses
1,195.00
+0.34%
1,191.00
+0.42%
1,186.00
Payables
1,195.00
+0.34%
1,191.00
+0.42%
1,186.00
Accounts Payable
1,195.00
+0.34%
1,191.00
+0.42%
1,186.00
Long Term Debt And Capital Lease Obligation
1,820.00
+23.39%
1,475.00
+0.00%
1,475.00
Long Term Debt
1,820.00
+23.39%
1,475.00
+0.00%
1,475.00
Stockholders Equity
4,820.00
+7.93%
4,466.00
+4.88%
4,258.00
Common Stock Equity
4,820.00
+7.93%
4,466.00
+4.88%
4,258.00
Capital Stock
83.00
-1.19%
84.00
+0.00%
84.00
Common Stock
83.00
-1.19%
84.00
+0.00%
84.00
Share Issued
98.32
-0.56%
98.88
+0.35%
98.54
Ordinary Shares Number
83.42
-0.66%
83.98
+0.41%
83.64
Treasury Shares Number
14.90
+0.00%
14.90
+0.00%
14.90
Additional Paid In Capital
1,430.00
+1.35%
1,411.00
+2.84%
1,372.00
Retained Earnings
3,357.00
+4.55%
3,211.00
+2.88%
3,121.00
Gains Losses Not Affecting Retained Earnings
-50.00
+79.17%
-240.00
+24.76%
-319.00
Other Equity Adjustments
-50.00
+79.17%
-240.00
+24.76%
-319.00
Total Equity Gross Minority Interest
4,820.00
+7.93%
4,466.00
+4.88%
4,258.00
Total Capitalization
6,640.00
+11.77%
5,941.00
+3.63%
5,733.00
Invested Capital
6,640.00
+11.77%
5,941.00
+3.63%
5,733.00
Total Debt
1,820.00
+23.39%
1,475.00
+0.00%
1,475.00
Net Debt
93.00
+34.78%
69.00
-72.40%
250.00
Net Tangible Assets
4,493.00
+7.98%
4,161.00
+5.26%
3,953.00
Tangible Book Value
4,493.00
+7.98%
4,161.00
+5.26%
3,953.00
Investments In Other Ventures Under Equity Method
2,421.00
+6.32%
2,277.00
+25.52%
1,814.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
1,533.00
+33.07%
1,152.00
-41.52%
1,970.00
+70.86%
1,153.00
Cash Flow From Continuing Operating Activities
1,533.00
+33.07%
1,152.00
-41.52%
1,970.00
+70.86%
1,153.00
Net Income From Continuing Operations
842.00
-5.07%
887.00
+4.11%
852.00
-5.12%
898.00
Depreciation And Amortization
86.00
+6.17%
81.00
+3.85%
78.00
-22.00%
100.00
Other Non Cash Items
—
-54.00
-74.19%
-31.00
+78.01%
-141.00
Operating Gains Losses
-12.00
—
38.00
-65.45%
110.00
Gain Loss On Investment Securities
-12.00
—
38.00
-65.45%
110.00
Change In Working Capital
617.00
+159.24%
238.00
-76.96%
1,033.00
+455.38%
186.00
Change In Receivables
-628.00
+18.34%
-769.00
+3.15%
-794.00
-23.29%
-644.00
Change In Payables And Accrued Expense
3.00
-40.00%
5.00
-96.69%
151.00
+31.30%
115.00
Change In Payable
3.00
-40.00%
5.00
-96.69%
151.00
+31.30%
115.00
Change In Account Payable
3.00
-40.00%
5.00
-96.69%
151.00
+31.30%
115.00
Change In Other Working Capital
70.00
+187.50%
-80.00
-126.23%
305.00
+266.67%
-183.00
Change In Other Current Assets
62.00
+520.00%
10.00
+152.63%
-19.00
+86.23%
-138.00
Change In Other Current Liabilities
44.00
+128.76%
-153.00
-312.50%
72.00
+204.35%
-69.00
Investing Cash Flow
-835.00
-978.95%
95.00
-77.05%
414.00
+139.39%
-1,051.00
Cash Flow From Continuing Investing Activities
-835.00
-978.95%
95.00
-77.05%
414.00
+139.39%
-1,051.00
Net Investment Purchase And Sale
-545.00
-250.55%
362.00
-45.40%
663.00
+180.17%
-827.00
Purchase Of Investment
-5,375.00
-20.79%
-4,450.00
-18.13%
-3,767.00
+40.04%
-6,282.00
Sale Of Investment
4,830.00
+0.37%
4,812.00
+8.62%
4,430.00
-18.79%
5,455.00
Net Business Purchase And Sale
-4.00
+55.56%
-9.00
+95.67%
-208.00
-1980.00%
-10.00
Purchase Of Business
-7.00
+22.22%
-9.00
+96.15%
-234.00
-2240.00%
-10.00
Net Other Investing Changes
7.00
+240.00%
-5.00
+16.67%
-6.00
-50.00%
-4.00
Financing Cash Flow
-377.00
+64.63%
-1,066.00
+47.51%
-2,031.00
-49.23%
-1,361.00
Cash Flow From Continuing Financing Activities
-377.00
+64.63%
-1,066.00
+47.51%
-2,031.00
-49.23%
-1,361.00
Net Issuance Payments Of Debt
344.00
0.00
+100.00%
-21.00
+95.60%
-477.00
Issuance Of Debt
344.00
0.00
0.00
0.00
Repayment Of Debt
0.00
0.00
+100.00%
-21.00
+95.60%
-477.00
Long Term Debt Issuance
344.00
0.00
0.00
0.00
Long Term Debt Payments
0.00
0.00
+100.00%
-21.00
+95.60%
-477.00
Net Long Term Debt Issuance
344.00
—
-21.00
+95.60%
-477.00
Net Common Stock Issuance
-87.00
-611.76%
17.00
+108.59%
-198.00
-4060.00%
5.00
Common Stock Payments
-99.00
0.00
+100.00%
-213.00
-1836.36%
-11.00
Common Stock Dividend Paid
-606.00
+23.10%
-788.00
-15.20%
-684.00
+43.61%
-1,213.00
Cash Dividends Paid
-606.00
+23.10%
-788.00
-15.20%
-684.00
+43.61%
-1,213.00
Repurchase Of Capital Stock
-99.00
0.00
+100.00%
-213.00
-1836.36%
-11.00
Net Other Financing Charges
-28.00
+90.51%
-295.00
+73.85%
-1,128.00
-448.15%
324.00
Changes In Cash
321.00
+77.35%
181.00
-48.73%
353.00
+128.04%
-1,259.00
Beginning Cash Position
1,406.00
+14.78%
1,225.00
+40.48%
872.00
-59.08%
2,131.00
End Cash Position
1,727.00
+22.83%
1,406.00
+14.78%
1,225.00
+40.48%
872.00
Free Cash Flow
1,533.00
+33.07%
1,152.00
-41.52%
1,970.00
+70.86%
1,153.00
Amortization Of Securities
—
—
0.00
0.00
Common Stock Issuance
12.00
-29.41%
17.00
+13.33%
15.00
-6.25%
16.00
Issuance Of Capital Stock
12.00
-29.41%
17.00
+13.33%
15.00
-6.25%
16.00
Net Investment Properties Purchase And Sale
-133.00
-29.13%
-103.00
-49.28%
-69.00
-25.45%
-55.00
Purchase Of Investment Properties
-135.00
-1.50%
-133.00
-84.72%
-72.00
+16.28%
-86.00
Sale Of Business
3.00
0.00
-100.00%
26.00
0.00
Sale Of Investment Properties
2.00
-93.33%
30.00
+900.00%
3.00
-90.32%
31.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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