Headquartered in Cincinnati, OH Fiscal year ends December NYSE: AFG afginc.com
American Financial Group, Inc. (NYSE: AFG) is an insurance holding company operating through Great American Insurance Group. It focuses primarily on specialized commercial property and casualty insurance for businesses. The company reports three Specialty P&C groups:
- **Property & Transportation:** physical damage and liability coverage for buses, trucks and other specialty transportation niches; inland and ocean marine; agricultural and crop insurance; and other commercial property.
- **Specialty Casualty:** excess and surplus and excess liability; general liability for the energy, construction and environmental industries; executive and professional liability; targeted markets coverages; and workers' compensation.
- **Specialty Financial:** risk management programs for lending and leasing institutions, including equipment leasing and collateral and lender-placed mortgage property insurance; surety and fidelity; and trade credit insurance.
AFG manages an investment portfolio of roughly $17.4 billion, made up mainly of fixed maturities, including asset-backed securities. It also holds alternative investments: about $2.5 billion of equity-method investments, including multifamily-focused real estate funds and private equity, along with mortgage loans and directly owned real estate such as marinas and office buildings. It also manages CLOs. The company returns capital through regular and special dividends and share repurchases. Updated
A $3.50 special dividend, roughly $290 million, lands with shareholders of record November 16, funded by a quarter where $1.21 of core earnings came from the one-time Charleston Harbor marina sale. Strip that out and the insurance engine still held up: net written premiums rose 9% with renewal pricing up about 6% excluding workers' comp.
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American Financial Group, Inc. (NYSE: AFG) is an insurance holding company operating through Great American Insurance Group. It focuses primarily on specialized commercial property and casualty insurance for businesses.
24/7 Wall St.'s 12-month price target for AFG is $177.53, rated Buy. The Wall Street consensus target is $158.00. AFG price prediction →
