Fire, Marine & Casualty Insurance · SIC 6331

AMERICAN FINANCIAL GROUP INC

AFGB

Watch

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

4.9
of 10

ActaClear Score

Neutral
#48 of 74 in Fire, Marine & Casualty Insurance
-0.1 · 2d
Profitability·25%
5.3
Growth·15%
2.2
Value·20%
9.0
Quality·20%
4.5
Momentum·20%
2.5

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 7, 2026.

0.12
Price / FV

Fair value · DCF

Deeply undervalued
~759% upside at this growth
0.7% / yr
-5%30%
Terminal growthWACC 7.2% · 10y forecast
Current price
$20.81
DCF fair value
$179
FCF base (last FY)
$842.00M
Net debt
$1.03B

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.

Historical multiples

How does AFGB's current valuation compare to its own past?

Current P/E
2.1×
Own 5y average
2.0×
Own 5y median
2.1×
vs. own average
+5%
Industry 5y avg P/E
10.5×
Median P/E across the top 40 peers in Fire, Marine & Casualty Insurance by market cap, then averaged across 5 years.
vs. industry
-80%
Solid: this company. Dotted: industry median.
Dashed flat: own 5y avg.
Coloured dot at right: current P/E.

Year-end weekly close ÷ (net income ÷ shares outstanding today). Held shares constant at today's count, which understates the per-share earnings improvement from buybacks over the period. Best read as “is this stock expensive vs. its own history?” rather than a precise historical P/E.

Community sentiment

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Price · 5Y

-6.2% / yr 25.9 pts / yr vs S&P 500 27.5% total
Compare:

Live market

delayed ≤15 min
$20.81
Market cap
$1.73B
Enterprise value
$2.20B
P/E (trailing)
2.1×
Forward P/E
P/B
0.37×
Dividend yield
8.9%
52-wk high
$23.47
52-wk low
$20.48
Beta
Shares out
83.1M

5-year trend

What this company does

AI

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 AFGB's filing dated 2026-02-25

Key risks

AI

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 AFGB's filing dated 2026-02-25

Profitability

Operating margin

13.1%

2.8%

Net margin

10.3%

3.3%

Return on equity

17.5%

16.1%

Return on assets

2.6%

10.3%

Leverage

Debt / equity

5.77×

7.5%

Long-term debt / equity

0.38×

9.0%

Debt / assets

85.2%

1.1%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet 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$255.0M3.3%

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

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Insider activity

No insider transactions on file for AFGB in the last 12 months.

Source: SEC Form 4 filings. Backfill runs nightly.

Who owns AFGB

Institutional value

$20.4K

Total shares held

992

Distinct holders

3

+0 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

#ManagerSharesValueQoQ changeAction
1BOYD WATTERSON ASSET MANAGEMENT LLC/OH751$15.4K-125 (-14.3%)Trimmed
2First Command Advisory Services, Inc.146$3.0KNew
3PNC Financial Services Group, Inc.95$2.0K+0 (+0.0%)No change

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 AFGB's latest filing finishes processing.

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Latest filing impact
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