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American Financial Group, Inc.

AFG Financial Insurance Property & Casualty

American Financial Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.2 billion, down 1.80% from fiscal 2024.

Revenue
+5.51%
EPS
+44.4%
Free cash flow
−68.1%
Total debt
+23.4%

Quarter to June 2026, against a year earlier

153.73 0.73 +0.48%
Market cap
$12.7B
P/E
13.4×
Fwd P/E
12.4×
Dividend yield
2.36%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

American Financial Group, Inc. (AFG) P/B ratio

Alert me on P/B ratio

As of 3 November 2026, American Financial Group, Inc. (AFG) trades at a P/B ratio of 2.6×. Over the past ten years it has ranged from 0.7× (March 2020) to 3.2× (November 2022); the current reading is higher than 94% of that period. That is above the Insurance Property & Casualty industry median of 2.0× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.4× (7.95%)
FY2024 2.6× 8.32%
FY2023 2.4× (17.39%)
FY2022 2.9× 23.30%
FY2021 2.3× 103.67%
FY2020 1.1× (27.19%)
FY2019 1.6× (2.97%)
FY2018 1.6× (7.85%)
FY2017 1.8× 13.29%
FY2016 1.6× 17.26%

Quarterly newest first

Period P/B ratio Change
Jun 2026 2.4× 5.95%
Mar 2026 2.3× (3.96%)
Dec 2025 2.4× (7.85%)
Sep 2025 2.6× 10.10%
42 more quarters

Against its own ten years

Low 0.7× High 3.2×
Ten-year median 1.9×
Current reading's percentile 93

P/B ratio against peers

Company P/B ratio
L Loews Corporation compare 1.1×
CNA CNA Financial Corporation compare 1.2×
MKL Markel Group Inc. compare 1.3×
ORI Old Republic International Corporation compare 1.6×
AIZ Assurant, Inc. compare 2.4×
THG The Hanover Insurance Group, Inc. compare 2.5×
AFG American Financial Group, Inc. 2.6×
RLI RLI Corp. compare 3.6×
KNSL Kinsale Capital Group, Inc. compare 4.5×
Insurance Property & Casualty industry median 2.0×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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