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American Financial Group, Inc.(AFGD)Earnings, Financials & Key Ratios
AFGD•NYSE•Insurance & Managed Care
$19.56
1.9× P/E·Price updated Jul 6, 2026
SectorFinancial ServicesIndustryProperty & Casualty InsuranceSub-IndustrySpecialty and excess surplus insurers
AboutAmerican Financial Group, Inc. is an insurance holding company, which engages in property and casualty insurance, focusing on commercial products for businesses, and in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets. Its Property and Casualty Insurance Products include Property and Transportation, Specialty Casualty, and Specialty Financial. The company was founded by Carl Henry Lindner Jr. in 1959 and is headquartered in Cincinnati, OH.Show more
- Revenue$8.12B+1.3%
- Combined Ratio86.78%+16854.0%
- Net Income$842M-5.1%
- Return on Equity18.13%-10.8%
- Medical Cost Ratio54.06%
- Operating Margin97.72%-1.8%
- Net Margin10.37%-6.3%
- ROA2.65%-17.1%
- Equity / Assets14.76%+1.9%
AFGD Price & Volume
American Financial Group, Inc. (AFGD) stock price & volume — 10-year historical chart
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Specialty Underwriting Discipline Offsets Social Inflation Risks
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strong
Financial:Fortress
Cash Flow:Robust
Primary Risk:Social inflation litigation exposure
Key Thesis Takeaways
- American Financial Group maintains a robust underwriting profile, evidenced by a 81.6% combined ratio in 2025Q4, which supports its niche-focused specialty insurance strategy.
- While the firm demonstrates strong cash generation with operating cash flows reaching $784 million in 2025Q4, investors should monitor the potential for adverse reserve development given the rising impact of social inflation on long-tail casualty liabilities.
- The current valuation, characterized by a 0.34 price-to-book ratio, appears to price in significant litigation risk, though the company's consistent capital return strategy remains a key pillar for long-term shareholders.
Verdict Logic
while the 37.2% dividend yield and 0.34 price-to-book ratio suggest deep value, the potential for reserve adjustments in the specialty casualty segment warrants caution regarding future earnings stability.
AFGD Growth Metrics
American Financial Group, Inc. (AFGD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.6%
5 Years7.79%
3 Years6.03%
TTM0.31%
Profit CAGR
10 Years9.11%
5 Years2.84%
3 Years-2.12%
TTM10.01%
EPS CAGR
10 Years9.85%
5 Years4.19%
3 Years-1.45%
TTM10.71%
Return on Capital
10 Years19.01%
5 Years33.06%
3 Years39.86%
Last Year24.98%
AFGD Recent Earnings
American Financial Group, Inc. (AFGD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (63%)●Beat Revenue 4/12 qtrs (50%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$2.29-9.1%
$2.52
Rev
$1.9B+9.2%
$1.7B
Q1 2026
Feb 3, 2026Metric
Actual
Est
EPS
$3.65+11.6%
$3.27
Rev
$1.8B-4.8%
$1.9B
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$2.69+6.7%
$2.52
Rev
$2.0B+1.8%
$2.0B
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$2.14+1.9%
$2.10
Rev
$1.6B-3.8%
$1.7B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $2.29vs $2.52-9.1% | $1.9Bvs $1.7B+9.2% |
| Q1 2026 | Feb 3, 2026 | $3.65vs $3.27+11.6% | $1.8Bvs $1.9B-4.8% |
| Q4 2025 | Nov 4, 2025 | $2.69vs $2.52+6.7% | $2.0Bvs $2.0B+1.8% |
| Q3 2025 | Aug 5, 2025 | $2.14vs $2.10+1.9% | $1.6Bvs $1.7B-3.8% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for American Financial Group, Inc. (AFGD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $19.56 | $1.63B | 1.94 | 1.34% | 10.37% | 18.13% | 37.1% | |
| $1978.05 | $24.75B | 11.69 | -0.96% | 10.7% | 9.56% | — | |
| $61.78 | $5.68B | 14.17 | 6.33% | 20.8% | 22% | — | |
| $137.64 | $37.85B | 10.33 | 7.1% | 14.13% | 22.01% | — | |
| $70.92 | $26.4B | 15.94 | 7.82% | 12.64% | 19.47% | — | |
| $189.59 | $29.52B | 12.50 | 11.41% | 21.34% | 17.98% | — |
Compare AFGD vs Peers
American Financial Group, Inc. (AFGD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AFGD SEC Filings & Documents
American Financial Group, Inc. (AFGD) SEC filings — annual & quarterly reports (10-K, 10-Q)
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AFGD Frequently Asked Questions
American Financial Group, Inc. (AFGD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is American Financial Group, Inc. growing?
American Financial Group, Inc. (AFGD) grew revenue by 1.3% over the past year. Growth has been modest.
Is AFGD profitable?
Yes, American Financial Group, Inc. (AFGD) is profitable, generating $879.0M in net income for fiscal year 2025 (10.4% net margin).
Dividend & Returns
Does AFGD pay dividends?
Yes, American Financial Group, Inc. (AFGD) pays a dividend with a yield of 37.10%. This makes it attractive for income-focused investors.
What is AFGD's return on equity?
American Financial Group, Inc. (AFGD) has a return on equity (ROE) of 18.1%. This is reasonable for most industries.
Industry Metrics
What is American Financial Group, Inc.'s combined ratio?
American Financial Group, Inc. (AFGD) has a combined ratio of 86.8%. A ratio below 100% indicates underwriting profitability.