Latest revenue
$187.0M
as of 2026-03-31
Latest net income
$191.0M
as of 2026-03-31
Net margin
102.1%
as of 2026-03-31
ActaClear Score
Computed from 5 years of SEC fundamentals + latest market data, ranked within Fire, Marine & Casualty Insurance (74 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 6, 2026.
Fair value · DCF
DCF: 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Drag the slider to test your own growth thesis — the dominant assumption in any DCF is what comes next, not what the math does with it. Beta defaults to 1.0 when not reported.
Community sentiment
Where do you think AFG is heading?
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $11.00B
- Enterprise value
- $11.47B
- P/E (trailing)
- 13.1×
- Forward P/E
- —
- P/B
- 2.35×
- Dividend yield
- —
- 52-wk high
- $150.00
- 52-wk low
- $121.78
- Beta
- —
- Shares out
- 83.1M
5-year trend
What this company does
Item 1. Business Introduction American Financial Group, Inc. (“AFG” or the “Company”) is an insurance holding company. Through the operations of Great American Insurance Group, AFG is engaged in property and casualty insurance, focusing on specialized commercial products for businesses. AFG’s in-house team of investment professionals oversees the Company’s investment portfolio. The members of the Great American Insurance Group have been in business for over 150 years. Management believes that over 55% of the 2025 gross written premiums in AFG’s Specialty property and casualty group are produced by businesses that rank in the “top 10” amongst competitors based on gross written premiums.…
AI summary unavailable — showing raw filing excerpt
Generated from AFG's filing dated 2026-02-25
Key risks
Item 1A. Risk Factors In addition to the other information set forth in this report, particularly information under “Forward-Looking Statements” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” the following are the material factors affecting AFG’s business. Any one of these factors, or multiple factors in combination, could cause AFG’s actual results to vary materially from recent results or from anticipated future results. Additional risks and uncertainties not currently known to AFG or that AFG currently deems to be immaterial also may materially adversely affect AFG’s business, financial condition or results of operations. RISKS RELATING TO…
AI summary unavailable — showing raw filing excerpt
Generated from AFG's filing dated 2026-02-25
Profitability
Operating margin
13.1%
2.8%Net margin
10.3%
3.3%Return on equity
17.5%
12.0%Return on assets
2.6%
10.3%Leverage
Debt / equity
5.77×
2.2%Long-term debt / equity
0.38×
14.3%Debt / assets
85.2%
0.3%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $187.0M | +8.1% | $191.0M | +24.0% | 102.1% |
Q4 2025 2025-12-31 | $7.61B | -1.6% | $299.0M | +17.3% | 3.9% |
Q3 2025 2025-09-30 | $205.0M | +2.5% | $215.0M | +18.8% | 104.9% |
Q2 2025 2025-06-30 | $184.0M | -2.1% | $174.0M | -16.7% | 94.6% |
Q1 2025 2025-03-31 | $173.0M | -12.6% | $154.0M | -36.4% | 89.0% |
Q4 2024 2024-12-31 | $7.74B | — | $255.0M | — | 3.3% |
Q3 2024 2024-09-30 | $200.0M | +19.0% | $181.0M | +2.3% | 90.5% |
Q2 2024 2024-06-30 | $188.0M | -5.1% | $209.0M | +4.5% | 111.2% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Fire, Marine & Casualty Insurance · SIC 6331
Your notes
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Insider activity
Insider buying
$0
Insider selling
$1.9M
Net activity
−$1.9M
Distinct insiders
3
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns AFG
Institutional value
$3.69B
Total shares held
29.3M
Distinct holders
331
+32 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 6.8M | $872.9M | -415.4K (-5.7%) | Trimmed |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 3.9M | $499.6M | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 3.3M | $419.5M | — | New |
| 4 | AMERICAN FINANCIAL GROUP INC 401(K) RETIREMENT & SAVINGS PLAN | 2.4M | $302.3M | -24.6K (-1.0%) | Trimmed |
| 5 | DIMENSIONAL FUND ADVISORS LP | 1.5M | $192.4M | +240.5K (+19.0%) | Added |
| 6 | UBS Group AG | 848.4K | $108.3M | — | New |
| 7 | Invesco Ltd. | 780.1K | $99.6M | -23.4K (-2.9%) | Trimmed |
| 8 | Bank of New York Mellon Corp | 778.1K | $99.4M | -41.0K (-5.0%) | Trimmed |
| 9 | FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | 611.4K | $78.1M | — | New |
| 10 | Boston Trust Walden Corp | 525.7K | $67.1M | — | New |
| 11 | JOHNSON INVESTMENT COUNSEL INC | 454.7K | $58.1M | -23.8K (-5.0%) | Trimmed |
| 12 | VANGUARD FIDUCIARY TRUST CO | 433.1K | $55.3M | — | New |
| 13 | BAHL & GAYNOR INC | 386.8K | $49.4M | -78.5K (-16.9%) | Trimmed |
| 14 | Wealthquest Corp | 343.4K | $46.9M | +0 (+0.0%) | No change |
| 15 | EULAV Asset Management | 364.7K | $46.6M | -134.0K (-26.9%) | Trimmed |
| 16 | Allianz Asset Management GmbH | 327.4K | $41.8M | +17.9K (+5.8%) | Added |
| 17 | FIRST TRUST ADVISORS LP | 317.0K | $40.5M | +257.5K (+433.2%) | Added |
| 18 | JANE STREET GROUP, LLC | 261.0K | $33.3M | +257.9K (+8118.9%) | Added |
| 19 | JPMORGAN CHASE & CO | 229.3K | $29.2M | -8.6K (-3.6%) | Trimmed |
| 20 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 210.7K | $26.9M | -182.9K (-46.5%) | Trimmed |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once AFG's latest filing finishes processing.
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