American Financial Group, Inc. AFG
- Market cap
- $11.5B
- P/E
- 12.1×
Follow AFG
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 64.87 | 85.57 | 84.18 | 88.70 | 44.01 | 79.21 | 119.01 | 105.22 | 115.64 | 114.73 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
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| 88.54 | 109.41 | 121.69 | 111.86 | 115.03 | 146.63 | 152.29 | 143.15 | 150.19 | 150.02 |
High Price
|
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| 7,600 | 7,600 | 7,600 | 7,600 | 7,600 | 6,600 | 6,900 | 8,500 | 8,700 | 8,500 |
Employees
|
|||
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Revenue/Emp
|
|||
| 6,498 | 6,865 | 7,150 | 6,213 | 5,769 | 6,552 | 7,040 | 7,827 | 8,324 | 8,174 |
Revenue
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| 21.05% | 20.57% | 18.25% | 19.59% | 15.13% | 28.21% | 24.05% | 23.75% | 22.31% | 21.13% |
Gross Margin
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| 787 | 724 | 639 | 634 | 339 | 1,335 | 1,123 | 1,073 | 1,124 | 1,073 |
EBT
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| 12.11% | 10.55% | 8.94% | 10.20% | 5.88% | 20.38% | 15.95% | 13.71% | 13.50% | 13.13% |
EBT Margin
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| 668 | 477 | 517 | 869 | 721 | 1,995 | 898 | 852 | 887 | 842 |
Net Income
|
|||
| 134 | 107 | 210 | 259 | 299 | 187 | 100 | 78 | 81 | 86 |
Depreciation
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| 74.78 | 78.19 | 80.34 | 69.11 | 65.04 | 76.99 | 82.73 | 92.41 | 99.21 | 97.89 |
Revenue/Sh
|
|||
| 7.33 | 5.28 | 5.85 | 9.85 | 8.20 | 23.30 | 10.53 | 10.05 | 10.57 | 10.08 |
Earnings/Sh
|
|||
| 13.23 | 20.55 | 23.40 | 27.32 | 24.61 | 20.14 | 13.55 | 23.26 | 13.73 | 18.36 |
Cash Flow/Sh
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| 0.07 | (0.61) | (0.87) | (0.44) | (0.62) | (0.19) | (0.65) | (0.81) | (1.23) | (1.59) |
Capex/Sh
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| 13.30 | 19.93 | 22.54 | 26.87 | 23.99 | 19.95 | 12.90 | 22.44 | 12.50 | 16.77 |
Free CF/Sh
|
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| 56.61 | 60.72 | 55.87 | 69.73 | 76.54 | 58.90 | 47.61 | 50.27 | 53.23 | 57.72 |
Book Value/Sh
|
|||
| 87 | 88 | 89 | 90 | 89 | 85 | 85 | 85 | 84 | 84 |
Shares
|
|||
| 12.00 | 20.15 | 15.50 | 11.11 | 10.41 | 5.90 | 13.00 | 11.88 | 12.95 | 13.57 |
PE Ratio
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| 1.18 | 1.37 | 1.13 | 1.59 | 1.35 | 1.78 | 1.65 | 1.29 | 1.38 | 1.40 |
PS Ratio
|
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| 1.55 | 1.76 | 1.62 | 1.57 | 1.14 | 2.33 | 2.87 | 2.37 | 2.57 | 2.37 |
PB Ratio
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| 1.05 | 1.21 | 1.10 | 1.45 | 1.40 | 1.76 | 1.74 | 1.32 | 1.39 | 1.41 |
EV/Sales
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| 5.89 | 4.76 | 3.91 | 3.73 | 3.79 | 6.78 | 11.18 | 5.45 | 11.02 | 8.22 |
EV/FCF
|
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| 1,150 | 1,804 | 2,083 | 2,456 | 2,183 | 1,714 | 1,153 | 1,970 | 1,152 | 1,533 |
Op' Cash Flow
|
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| 6 | (54) | (77) | (40) | (55) | (16) | (55) | (69) | (103) | (133) |
Capex
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| 1,156 | 1,750 | 2,006 | 2,416 | 2,128 | 1,698 | 1,098 | 1,901 | 1,049 | 1,400 |
FCF
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| (35,217) | (38,922) | (43,151) | (50,270) | (7,142) | (7,263) | (9,181) | (13,857) | (14,893) | (15,445) |
Working Cap'
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| 1,283 | 1,301 | 1,302 | 1,473 | 1,963 | 1,964 | 1,496 | 1,475 | 1,475 | 1,820 |
Total Debt
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| (824) | (1,037) | (213) | (841) | 298 | (167) | 624 | 250 | 69 | 93 |
Net Debt
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| 4,919 | 5,331 | 4,972 | 6,269 | 6,789 | 5,012 | 4,052 | 4,258 | 4,466 | 4,820 |
Sh' Equity
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| 1.24% | 0.82% | 0.85% | 1.34% | 1.02% | 3.89% | 3.11% | 2.91% | 2.93% | 2.65% |
ROA
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| 12.01% | 10.54% | 8.39% | 7.30% | 2.99% | 17.22% | 15.01% | 14.88% | 15.49% | 13.65% |
ROIC
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| 13.40% | 9.27% | 10.29% | 15.96% | 11.21% | 33.81% | 19.81% | 20.51% | 20.33% | 18.13% |
ROE
|
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American Financial Group, Inc. peers in Insurance Property & Casualty
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| CNA CNA Financial Corporation | $12.5B | 10.1× | Compare |
| AIZ Assurant, Inc. | $12.9B | 12.5× | Compare |
| ORI Old Republic International Corporation | $9.2B | 8.1× | Compare |
| KNSL Kinsale Capital Group, Inc. | $7.8B | 13.3× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| THG The Hanover Insurance Group, Inc. | $7.6B | 10.3× | Compare |
| L Loews Corporation | $21.5B | 12.8× | Compare |
| MKL Markel Group Inc. | $21.5B | 9.5× | Compare |
| MCY Mercury General Corporation | $5.4B | 5.9× | Compare |
American Financial Group, Inc. (AFG) key facts
- American Financial Group, Inc. (AFG) is an Insurance Property & Casualty company in the Financial sector, listed on the New York Stock Exchange.
- American Financial Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.2 billion, down 1.80% from fiscal 2024.
- Net income was $842.0 million, or $10.08 per share (basic), a net margin of 10.3%.
- As of September 25, 2026, AFG traded at $138.22, a market capitalization of $11.5 billion.
- At that price the stock trades at 12.1× trailing-twelve-month earnings and 1.4× sales.
- American Financial Group, Inc. pays an annual dividend of $2.84 per share, a yield of 4.48%, with a payout ratio of 24.5%.
- Return on equity was 18.1% and debt-to-equity 0.38.
American Financial Group, Inc. (AFG) Latest News
22 Sep
AFG closed the sale of Charleston Harbor Resort & Marina, booking a pretax core operating gain of about $125 million (roughly $1.20 a share after tax), subject to final cost accounting. The marina sale is a one-time windfall; the durable story is underwriting. In Q2, the specialty property and casualty group improved to a 91.5% combined ratio, with underwriting profit of $144 million, led by the Property and Transportation Group at $57 million and a 90.3% ratio. Net written premiums rose 6% year over year, with renewal rate increases around 5% excluding workers’ compensation. Investment income hit a Q2 record in P&C, aided by a 7.1% quarterly return from the alternative-investment book; 97% of fixed maturities remained investment grade but carried $116 million in after-tax unrealized losses. Some segments softened, notably Specialty Casualty (profit down to $45 million, 94.5% RU). The core question is whether premium growth and pricing can persist. One-time marina gain provides a short-term uplift, but core trajectory hinges on ongoing premium growth and pricing in a softening market.
21 Aug
American Financial Group maintains robust financial strength that supports continued dividend growth. Dividend increases from existing financial strength provide moderate positive effects on investor sentiment and stock valuation.
18 Aug
AFG earnings reports refocus attention on the company's fair value. AFG earnings reports influence investor views on company valuation.
12 Aug
AFG's Q2 earnings call featured analyst questions on underwriting results, investment income, catastrophe exposure, premium growth and reserve adequacy. Analyst questions from the earnings call highlight operational details likely to shape near-term investor views on AFG.
AFG released Q2 2026 earnings call transcript covering financial results, operations and outlook. Quarterly earnings details typically influence short-term sentiment without major strategic shifts.
5 Aug
American Financial Group Inc reported record operating income for Q2 2026 during its earnings call, highlighting strong financial results. Record Q2 2026 operating income signals major positive shift in AFG financial performance and investor outlook.
American Financial Group Q2 earnings call highlights financial results and outlook. Q2 earnings highlights deliver financial metrics likely to shape near-term investor views without major strategic shifts.
American Financial Group reported Q2 earnings exceeding expectations, driven by strong property and casualty underwriting results along with higher investment income. Q2 earnings beat from core underwriting and investments supports near-term stock performance without fundamentally altering long-term trajectory.
American Financial Group, Inc. presented Q2 2026 financial results and outlook during its earnings call. Quarterly earnings updates supply performance metrics that moderately shift valuation and sentiment.
4 Aug
American Financial Group reported Q2 earnings with details on key financial metrics. Q2 earnings release with metrics can moderately affect stock performance and investor views.
American Financial Group, Inc. announced its second quarter results. Quarterly results shape near-term views on AFG financial performance.
9 Jul
AFG deploys capital in a manner that underscores financial discipline and operational resilience amid market conditions. AFG capital deployment supports stability and may modestly influence investor views but lacks transformative elements.
22 Jun
American Financial Group, Inc. (AFG) outperformed its industry over the past year, prompting questions on whether the stock is a buy. AFG outperformance versus industry sets moderate positive signal for near-term investor sentiment and valuation.
10 Jun
American Financial Group reported Q1 earnings, prompting analysis on whether investors should buy, sell, or hold AFG shares amid resulting financial and market implications. Post-Q1 earnings review offers moderate influence on near-term AFG investor sentiment and stock trajectory without indicating major strategic shifts.
8 Jun
American Financial Group (AFG) depends on investment income and alternative assets, shaping investor responses amid market volatility and company performance. AFG strategy shift toward investment income may affect earnings stability and valuation.
5 Jun
AFG's investment portfolio is delivering a strong earnings tailwind. Investment portfolio gains directly lift near-term earnings for AFG.
2 May
AFG's Q1 results driven by specialty insurance growth, strategic capital deployment including buybacks and dividends, and favorable investment mix amid higher yields and credit spreads. Specialty insurance growth, capital returns, and investment gains represent major strategic drivers boosting AFG's financial trajectory and investor outlook.
1 May
American Financial Group, Inc. (AFG) reports strong earnings jump and plans sale of resort assets, sparking potential positive investor reactions amid strategic portfolio adjustments. Earnings surge and resort asset divestiture represent major financial gains and strategic refocusing likely to significantly boost AFG's trajectory and investor confidence.
American Financial Group released Q1 earnings call highlights detailing financial performance, strategic updates, and outlook. Q1 earnings highlights impact financial performance and investor sentiment but are limited to quarterly results.
30 Apr
American Financial Group, Inc. (AFG) released Q1 2026 earnings call transcript detailing quarterly financial performance, strategic updates, and forward guidance. Quarterly earnings disclosure includes financial results and outlook that significantly shape investor sentiment and stock trajectory.
American Financial Group, Inc. released Q1 2026 earnings call summary detailing quarterly financial performance, strategic updates, and outlook. Q1 earnings call summary discloses key financial metrics and guidance that significantly shape investor expectations and AFG's market trajectory.
American Financial Group, Inc. (AFG) Q1 earnings missed estimates, with revenues declining 1.7% year-over-year. Q1 earnings miss and revenue decline moderately impact AFG's financial performance and market sentiment.
29 Apr
American Financial Group (AFG) reported Q1 earnings, with key metrics indicating performance insights. Q1 earnings reports significantly influence AFG's financial trajectory and investor sentiment.
American Financial Group, Inc. (AFG) announced first quarter results. First quarter earnings announcement significantly impacts AFG's financial performance and market valuation.
American Financial Group (AFG) Q1 earnings and revenues missed analyst estimates. Q1 earnings miss affects key financial performance metrics and investor sentiment moderately.
28 Apr
Analysts outline expectations for American Financial Group's (AFG) Q1 earnings, projecting revenue growth, EPS around core estimates, strong specialty insurance performance, and stable catastrophe losses amid favorable market conditions. Q1 earnings preview influences short-term investor sentiment and stock volatility around financial results.
22 Apr
American Financial Group (AFG) anticipates earnings growth driven by strong fundamentals and favorable industry trends, prompting analysts to recommend buying the stock ahead of upcoming results. Expected earnings growth will moderately boost investor sentiment and short-term stock performance.
10 Feb
American Financial Group, Inc. (AFG) addressed key analyst questions during its Q4 earnings call, focusing on financial performance, market conditions, and strategic initiatives. The company highlighted its resilience in a challenging economic environment and outlined plans for growth and innovation. Analysts sought clarity on AFG's outlook, risk management strategies, and competitive positioning, reflecting investor interest in the company's future trajectory. Significant strategic initiatives and market conditions discussed could notably influence AFG's future performance.
9 Feb
American Financial Group, Inc. (AFG) reported fourth-quarter 2025 revenue of $2.06 billion, surpassing consensus estimates. The strong performance reflects robust growth in its insurance and investment segments, contributing to overall positive market sentiment towards the company. AFG's results indicate effective management strategies and a favorable operating environment. The revenue surpassing estimates suggests significant operational strength and potential for future growth.
American Financial Group, Inc. (AFG) is highlighted as a cash-heavy stock worth watching, indicating strong liquidity and financial stability. The article contrasts AFG's position with two other stocks that are deemed less favorable, suggesting that AFG's financial health may provide a competitive advantage in the current market environment. AFG's cash-heavy status may moderately influence its financial performance and competitive positioning.