AFGE American Financial Group, Inc. 4.500% Subordinated Debentures due 2060
NYSE · Insurance · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 6, 2026AFGE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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About American Financial Group, Inc. 4.500% Subordinated Debentures due 2060 Company overview from Wikipedia
American Financial Group, Inc. is an American financial services holding company headquartered in Cincinnati, Ohio. Its primary businesses are insurance and investments.
Lines of business
American Financial Group's major insurance division operates as Great American Insurance, founded in 1872, and focuses on property and casualty insurance services. Other affiliates and subsidiaries include Great American Custom, Mid-Continent Group, National Interstate, and Republic Indemnity. Insurance specialties also include equine, trucking, executive liability, fidelity and crime, and agribusiness. Great American Financial Resources is a wholly owned subsidiary of American Financial Group and supplies a range of annuities, life insurance products and supplemental insurances to individuals and enterprises.
The parent company, AFG, is owned principally by the family of financier Carl Lindner, Jr., who bought the company in 1973 and served as its chairman until his death in 2011. The senior Lindner's sons, Carl H. Lindner III and S. Craig Lindner serve as co-chief executive officer.
History
National General Corporation, run by Gene Klein, acquired Great American in 1968. Carl Lindner, Jr. later acquired National General, and then sold off its other operations.
By December 1988, the company had a flight department at Lunken Airport.
American Financial Group was ranked 486th on the Fortune 500 list in 2004. Through the years American Financial Group has owned a number of subsidiaries, real estate properties, and companies, including The Mountain View Grand Resort & Spa in Whitefield, New Hampshire, The Cincinnatian in Cincinnati, Ohio, The Biltmore in Coral Gables, Florida, Le Pavillon in New Orleans, Louisiana, and the Charleston Harbor Resort and Marina in Charleston, South Carolina. Great American Insurance Group partnered with the Cincinnati Reds baseball team to purchase naming rights for Great American Ball Park upon its opening in 2003.
On December 6, 2006, American Financial sold assets acquired from successors to the dissolution of the Penn Central Railroad including the land under Grand Central Terminal and the 156 miles (251 km) of Metro North track leading to the New York City landmark to Argent Ventures. The company announced in December 2007 that it would combine its offices and move its headquarters to the brand new Great American Insurance Building at Queen City Square in 2011.
American Financial Group was one of the first publicly traded Fortune 500 companies to make political donations after corporations' freedom of speech rights were expanded to include donations as a result of the Citizens United v. FEC decision. Carl Lindner, Jr is a longtime top Republican donor, donating millions of his personal income to candidates and political action committees, which sent ripples in campaign finance circles during the 2010 mid-term elections. American Financial, of which Lindner has a non-majority 42% share, donated $400,000 to the Republican-allied PAC American Crossroads.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | AFGE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/B (MRQ) | 0.3 | · | 1.5 | Undervalued | |
| Price / Tangible Book (MRQ) | 0.3 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Not enough fundamentals data to compute this ratio group yet.
Financial Health Debt, liquidity, solvency — balance sheet strength
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Not enough fundamentals data to compute this ratio group yet.
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 1, 2026 | $0.28 | USD | ≈7.2% |
| Jun 1, 2026 | $0.28 | USD | ≈6.9% |
| Feb 27, 2026 | $0.28 | USD | ≈6.6% |
| Dec 1, 2025 | $0.28 | USD | ≈6.6% |
| Aug 29, 2025 | $0.28 | USD | ≈6.4% |
| May 30, 2025 | $0.28 | USD | ≈7.0% |
| Feb 28, 2025 | $0.28 | USD | ≈6.3% |
| Nov 29, 2024 | $0.28 | USD | ≈5.7% |
| Aug 30, 2024 | $0.28 | USD | ≈5.5% |
| May 31, 2024 | $0.28 | USD | ≈6.1% |
| Feb 29, 2024 | $0.28 | USD | ≈5.6% |
| Nov 30, 2023 | $0.28 | USD | ≈6.2% |
| Aug 31, 2023 | $0.28 | USD | ≈6.3% |
| May 31, 2023 | $0.28 | USD | ≈6.2% |
| Feb 28, 2023 | $0.28 | USD | ≈5.8% |
| Nov 30, 2022 | $0.28 | USD | ≈5.9% |
| Aug 31, 2022 | $0.28 | USD | ≈5.6% |
| May 31, 2022 | $0.28 | USD | ≈5.3% |
| Feb 28, 2022 | $0.28 | USD | ≈4.9% |
| Nov 30, 2021 | $0.28 | USD | ≈3.2% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | $2.82 | $2.33 | 20.9% | |
| March 31, 2026 | $2.47 | $2.56 | -3.6% | |
| Dec. 31, 2025 | $3.65 | $3.35 | 9.1% | |
| Sept. 30, 2025 | $2.69 | $2.53 | 6.1% | |
| June 30, 2025 | $2.14 | $2.10 | 1.7% | |
| March 31, 2025 | $1.81 | $2.05 | -11.6% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
We don't have SEC filings for this ticker yet.
Income Statement
| Metric | Trend | Q2 2026 | Q2 2025 |
|---|---|---|---|
| Revenue | $2.03B | $1.92B | |
| SG&A Expense | $560M | $534M | |
| Operating Income | $316M | $229M | |
| Interest Expense | $24M | $19M | |
| Income Tax | $68M | $55M | |
| Net Income | $248M | $174M | |
| EPS (Basic) | $2.99 | $2.07 | |
| EPS (Diluted) | $2.99 | $2.07 | |
| Shares (Basic) | 83,000,000 | 83,500,000 | |
| Shares (Diluted) | 83,000,000 | 83,500,000 | |
| EBITDA | $316M | · |
Balance Sheet
| Metric | Trend | Q2 2026 | Q2 2025 |
|---|---|---|---|
| Cash & Equivalents | $1.44B | · | |
| Goodwill | $327M | · | |
| Intangibles | $179M | · | |
| Total Assets | $33.03B | · | |
| Total Liabilities | $28.21B | · | |
| Long-term Debt | $1.82B | · | |
| Common Stock | $83M | · | |
| AOCI | $-142M | · | |
| Stockholders' Equity | $4.82B | · | |
| Liabilities + Equity | $33.03B | · | |
| Shares Outstanding | 82,916,648 | · |
Cash Flow
| Metric | Trend | Q2 2026 | Q2 2025 |
|---|---|---|---|
| D&A | $24M | · | |
| Amort. of Intangibles | $5M | $5M | |
| Operating Cash Flow | $92M | · | |
| Investing Cash Flow | $31M | · | |
| Stock Issued | $3M | · | |
| Stock Repurchased | $26M | · | |
| Dividends Paid | $73M | · | |
| Financing Cash Flow | $-38M | · | |
| Net Change in Cash | $85M | · |
Profitability
| Metric | Trend | Q2 2026 | Q2 2025 |
|---|---|---|---|
| Operating Margin | 15.6% | · | |
| Net Margin | 12.2% | · | |
| EBITDA Margin | 15.6% | · | |
| ROA | 0.78% | · | |
| ROE | 5.3% | · |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q2 2025 |
|---|---|---|---|
| Interest Coverage | 13.2 | · |
Efficiency
| Metric | Trend | Q2 2026 | Q2 2025 |
|---|---|---|---|
| Asset Turnover | 0.1 | · |
Per Share
| Metric | Trend | Q2 2026 | Q2 2025 |
|---|---|---|---|
| Book Value / Share | $58.14 | · | |
| Revenue / Share | $24.46 | · | |
| Cash / Share | $17.34 | · | |
| Dividend / Share | $0.88 | $0.80 | |
| EPS (TTM) | $11.45 | $9.10 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q2 2025 |
|---|---|---|---|
| Revenue TTM | $8.28B | $8.30B | |
| Net Income TTM | $953M | $764M | |
| Market Cap | $1.32B | · | |
| P/E | 1.4 | 1.9 | |
| P/S | 0.2 | 0.2 | |
| P/B | 0.3 | · | |
| P / Tangible Book | 0.3 | · | |
| Dividend Yield | 43.8% | 53.8% | |
| Earnings Yield | 72.1% | 53.6% | |
| Annual Payout | $576M | $762M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Not enough fundamentals data to build this statement yet.
Not enough fundamentals data to build this statement yet.
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 3 filers · $480K total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 1 (+1 vs prior Q) | 0 (0 vs prior Q) | 0 (0 vs prior Q) | 1 (+1 vs prior Q) | +45 |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| IAT REINSURANCE CO LTD. | $476,100 | 30,000 | 99.14% | Shares |
| PNC Financial Services Group, Inc. | $3,240 | 204 | 0.67% | Shares |
| First Command Advisory Services, Inc. | $873 | 55 | 0.18% | Shares |
Company insiders 2 insiders · 1 officers · 1 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Carl H. Lindner III | Co-CEO | Aug. 26, 2026 S | 3,060,068 | 0 | 2 | $-12,988,478 |
| Mark A Weiss | · | Aug. 6, 2026 S | 6,648 | 0 | 1 | $-407,210 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
AFGE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| AFGE | · | · | · | · | · | · |
| CINF | $25.38B | 10.8 | 11.4% | 18.9% | 16.0% | · |
| L | · | 13.2 | 5.4% | 9.0% | 9.3% | · |
| MKL | $27.06B | 12.7 | 4.7% | 13.6% | 11.9% | · |
| AIZ | · | · | · | · | · | · |
| CNA | $12.92B | 10.2 | 5.0% | 8.5% | 11.6% | · |
| AFG | $11.40B | 13.6 | -1.8% | 10.3% | 18.1% | · |
| FNF | $14.79B | 24.7 | 5.6% | 4.2% | 7.9% | · |
| ERIE | · | · | 7.2% | 13.8% | 25.0% | · |
| ORI | · | 12.3 | 11.0% | 10.2% | 16.2% | · |
| KNSL | $9.05B | 18.1 | 18.0% | 26.9% | 27.4% | · |
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