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American Financial Group AFGE (AFGE)



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Upturn Advisory Summary
08/28/2025: AFGE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit 10.27% | Avg. Invested days 46 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 9.87B USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta - | 52 Weeks Range 15.96 - 19.99 | Updated Date 05/14/2025 |
52 Weeks Range 15.96 - 19.99 | Updated Date 05/14/2025 | ||
Dividends yield (FY) 6.71% | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating - |
Shares Outstanding - | Shares Floating - | ||
Percent Insiders - | Percent Institutions - |
Upturn AI SWOT
American Financial Group AFGE

Company Overview
History and Background
American Financial Group (AFG) was founded in 1930 as American National Insurance Company. It evolved through acquisitions and strategic shifts, becoming a diversified holding company focusing primarily on specialty insurance. Key milestones include expansion into various insurance sectors and strategic divestitures to streamline operations.
Core Business Areas
- Specialty Property and Casualty Insurance: Provides commercial property and casualty insurance products, including specialty coverages for niche markets and general commercial lines. This segment is the main driver of revenue.
- Annuities: Offers fixed, indexed, and variable annuities. Focus is on stable and predictable retirement income solutions. This segment is the second largest by revenue.
- Other: Includes various other business activities and smaller segments.
Leadership and Structure
Carl H. Lindner III and S. Craig Lindner are Co-Chief Executive Officers. The organizational structure is a holding company model, with decentralized management of individual insurance subsidiaries.
Top Products and Market Share
Key Offerings
- Indexed Annuities: Offers fixed indexed annuities designed to provide principal protection and growth potential linked to market indices. Competitors include Athene, Lincoln National, and Prudential. Market share data is not publicly available on an annuity-type level for AFG.
- Specialty Commercial Insurance: Includes a wide array of niche commercial insurance products, such as agricultural-related business, transportation-related business, and excess and surplus lines. AFG has a strong presence in many of these niche markets, with varying market share depending on the specific product line. Market share data is not publicly disaggregated for all sub-segments. Key competitors include WRB, HIG, and CNA.
- Agricultural-related Specialty Insurances: Provides specialty insurances to cover agriculture needs such as crop insurance.
- Fixed Annuities: Provides fixed annuities focused on providing fixed return. Competitors are the same as Indexed Annuities.
- Transportation-related Specialty Insurances: Provides specialty insurances to cover cargo and transportation based coverage.
Market Dynamics
Industry Overview
The specialty insurance market is characterized by higher margins and less cyclicality than standard insurance. Growth is driven by economic expansion, increasing complexity of risks, and regulatory changes. The annuity market is driven by aging demographics and demand for retirement income solutions.
Positioning
AFG is a leading specialty insurance provider known for its underwriting expertise and disciplined capital allocation. It holds strong positions in its niche markets. In annuities, it focuses on stable and predictable income solutions.
Total Addressable Market (TAM)
The total addressable market for specialty insurance and annuities is substantial. AFG is well positioned to capture further market share by continuing its prudent underwriting process.
Upturn SWOT Analysis
Strengths
- Strong underwriting expertise
- Disciplined capital allocation
- Diversified specialty insurance portfolio
- Proven track record of profitability
- Strong brand recognition
Weaknesses
- Exposure to catastrophe losses
- Sensitivity to interest rate changes (annuities)
- Reliance on niche markets
- Regulatory risks
- Competition within specialty segments
Opportunities
- Expanding into new specialty insurance markets
- Increasing penetration in existing markets
- Acquiring complementary businesses
- Growing annuity sales through distribution partnerships
- Benefiting from rising interest rates (annuities)
Threats
- Increased competition in specialty insurance
- Catastrophic events (hurricanes, earthquakes)
- Adverse changes in interest rates
- Regulatory changes impacting insurance or annuity products
- Economic downturn affecting insurance demand
Competitors and Market Share
Key Competitors
- WRB
- HIG
- CNA
- LNC
- PRU
Competitive Landscape
AFG differentiates itself through its underwriting expertise, disciplined capital allocation, and focus on niche specialty insurance markets. It competes with larger, more diversified insurers as well as smaller, niche players.
Major Acquisitions
Summit Holdings Southeast, Inc.
- Year: 2018
- Acquisition Price (USD millions): 250
- Strategic Rationale: Expanded AFGu2019s presence in the workersu2019 compensation market.
Growth Trajectory and Initiatives
Historical Growth: AFG has grown through organic expansion and acquisitions. Specialty insurance has been a key growth driver. Annuity sales have fluctuated based on market conditions. (Numerical data unavailable)
Future Projections: Analyst estimates project continued growth in specialty insurance and stable performance in annuities. Capital deployment through acquisitions and share repurchases is expected. (Numerical data unavailable)
Recent Initiatives: Recent initiatives include strategic acquisitions in specialty insurance, expansion of distribution channels for annuities, and continued focus on underwriting discipline.
Summary
American Financial Group is a strong company with leading positions in specialty insurance. Its underwriting expertise and capital allocation discipline drive profitability. The company faces risks from catastrophes and interest rate fluctuations. Growth potential lies in expanding its niche markets and disciplined acquisition strategy.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q)
- Investor Presentations
- Analyst Reports (FactSet, S&P Capital IQ)
Disclaimers:
The information provided is for informational purposes only and should not be construed as financial advice. Market share data is approximate and may vary based on specific product lines. Financial data may be delayed.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About American Financial Group AFGE
Exchange NYSE | Headquaters - | ||
IPO Launch date 2014-09-24 | CEO - | ||
Sector Financials | Industry Insurance | Full time employees 7600 | Website |
Full time employees 7600 | Website |
American Financial Group, Inc., through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; and specialty financial insurance products comprising risk management insurance programs for leasing and financing institutions, surety and fidelity products, and trade credit insurance. The company sells its property and casualty insurance products through independent insurance agents and brokers, as well as through employee agents. It also provides traditional fixed and fixed-indexed annuities to the retail, financial institutions, and education markets; and engages in the commercial real estate operations in Cincinnati, Whitefield, New Hampshire, Chesapeake Bay, Charleston, and Palm Beach. American Financial Group, Inc. was founded in 1872 and is headquartered in Cincinnati, Ohio.

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