AMERICAN FINANCIAL GROUP INC

AMERICAN FINANCIAL GROUP INC

CIK 1042046 · View on SEC EDGAR ↗

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First SEC filing: June 17, 2019 · Latest: June 17, 2019

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American Financial Group, Inc. is an American financial services holding company headquartered in Cincinnati, Ohio. Its primary businesses are insurance and investments.

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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.

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 ↗

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Institution

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Insider transactions

0 buys (P) 0 sells (S) Net: $0 + 4 non-open-market transactions below last 12 months, based on the transactions shown below

Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted

4 other filings hidden
Date Ticker Code Shares Price Value Owned after Δ own A/D vs now
Dec. 7, 2016 AFGE S 30,000 $5.00 $150,000 2,572,111 Indirect -1.15% Disposed 223.4% (price as of 2026-08-21)
June 28, 2006 AFGE S 20,000 $12.02 $240,400 494,408 Indirect -3.89% Disposed 34.5% (price as of 2026-08-21)
June 13, 2006 AFGE S 8,573 $12.57 $107,763 135,607 Indirect -5.95% Disposed 28.6% (price as of 2026-08-21)
June 13, 2006 AFGE S 3,150 $12.60 $39,690 514,408 Indirect -0.61% Disposed 28.3% (price as of 2026-08-21)
June 8, 2006 AFGE S 5,200 $12.80 $66,560 144,180 Indirect -3.48% Disposed 26.3% (price as of 2026-08-21)
June 8, 2006 AFGE S 26,600 $12.59 $334,894 517,558 Indirect -4.89% Disposed 28.4% (price as of 2026-08-21)
June 7, 2006 AFGE S 18,000 $12.89 $232,020 149,380 Indirect -10.75% Disposed 25.4% (price as of 2026-08-21)
June 6, 2006 AFGE S 12,200 $12.98 $158,356 544,158 Indirect -2.19% Disposed 24.6% (price as of 2026-08-21)
June 2, 2006 AFGE S 3,614 $13.00 $46,982 167,380 Indirect -2.11% Disposed 24.4% (price as of 2026-08-21)
June 2, 2006 AFGE S 21,000 $12.99 $272,790 556,358 Indirect -3.64% Disposed 24.5% (price as of 2026-08-21)
June 1, 2006 AFGE S 2,450 $12.81 $31,384 170,994 Indirect -1.41% Disposed 26.2% (price as of 2026-08-21)
May 31, 2006 AFGE S 21,000 $13.24 $278,040 173,444 Indirect -10.80% Disposed 22.1% (price as of 2026-08-21)
April 26, 2006 AFGE S 284,000 $11.05 $3,138,200 194,444 Indirect -59.36% Disposed 46.3% (price as of 2026-08-21)
April 26, 2006 AFGE S 2,840,000 $11.05 $31,382,000 194,444 Indirect -93.59% Disposed 46.3% (price as of 2026-08-21)
Dec. 22, 2005 AFGE S 132,486 $9.45 $1,251,993 577,358 Indirect -18.66% Disposed 71.1% (price as of 2026-08-21)
Dec. 21, 2005 AFGE S 123,200 $9.35 $1,151,920 478,444 Indirect -20.48% Disposed 72.9% (price as of 2026-08-21)
Dec. 23, 2003 AFGE P 57,500 $31.79 $1,827,925 5,629,771 Indirect +1.03% Acquired -49.1% (price as of 2026-08-21)
Dec. 12, 2003 AFGE S 7,850,465 $30.50 $239,439,182 0 Indirect -100.00% Disposed -47.0% (price as of 2026-08-21)
Dec. 12, 2003 AFGE S 7,850,465 $30.50 $239,439,182 0 Indirect Acquired -47.0% (price as of 2026-08-21)
Aug. 13, 2003 AFGE S 20,000 $12.50 $250,000 709,844 Indirect -2.74% Disposed 29.4% (price as of 2026-08-21)
Aug. 12, 2003 AFGE S 74,700 $12.46 $930,762 203,101 Indirect -26.89% Disposed 29.8% (price as of 2026-08-21)

P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding

Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.

Derivative holdings (Form 4 Table II)

Options, RSUs and convertible securities reported on Form 4 Table II.

Date Ticker Security Underlying Exercise price Expiration Shares A/D
Sept. 22, 2003 AFGE Sub Rights (right to buy) Common Stock (3,506,000) $14.00 Sept. 22, 2003 3,506,000 Disposed

Exercise/conversion price is blank when not applicable (e.g. RSUs).

Initial ownership (Form 3) 6 holdings

Securities held when first becoming an insider, per SEC Form 3.

Date Ticker Security Shares Ownership
June 17, 2019 AFGE Warrants→ Ordinary Voting Common Shares, $0.003 par value per shares Indirect
June 8, 2016 AFGE Class A Common Stock 579,100 Indirect
Oct. 30, 2015 AFGE Common Stock 2,602,111 Indirect
April 1, 2013 AFGE Common Stock 81,500 Direct
April 1, 2013 AFGE Warrant to Purchase Common Stock→ Common Stock (749,542) 749,542 Direct
Jan. 27, 2005 AFGE Common Stock 10,200,000 Indirect