AFGB
Financial ServicesAmerican Financial Group, Inc. · Insurance - Property & Casualty · $2B
What is American Financial Group, Inc.?
American Financial Group is a Cincinnati-based insurance holding company specializing in commercial property and casualty coverage alongside fixed and fixed-indexed annuity products. It serves businesses and individual savers across multiple distribution channels.
American Financial Group earns revenue through underwriting commercial insurance policies and collecting annuity premiums. Its property and casualty segment targets businesses needing specialized coverage, while its annuity segment distributes products through retail channels, financial institutions, and the education market. Investment income from its insurance float provides an additional, recurring revenue stream that complements underwriting results.
The company traces its roots to 1959, founded by Carl Henry Lindner Jr., and is headquartered in Cincinnati, Ohio.
- Property and Transportation insurance
- Specialty Casualty coverage for businesses
- Specialty Financial insurance products
- Fixed and fixed-indexed annuities
Is AFGB a Good Stock to Buy?
UQS Score rates AFGB as Good overall, reflecting a balanced but nuanced profile across its five pillars.
The Quality pillar registers as Good, suggesting the business generates reasonably dependable earnings relative to its insurance peers. Valuation is rated Attractive, meaning the market may not be fully pricing in the company's underlying fundamentals — a point worth examining for value-oriented investors.
Both the Moat and Growth pillars come in as Weak, indicating limited competitive differentiation and constrained near-term expansion prospects relative to sector peers.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does AFGB pay dividends?
Yes — American Financial Group, Inc. pays a dividend.
American Financial Group pays a regular dividend, consistent with the capital-return tradition common among established insurance holding companies. The dividend reflects the relatively predictable cash flows generated by its underwriting and annuity businesses. Income-focused investors often view insurers with stable dividend histories as core portfolio holdings, though payout sustainability depends on ongoing underwriting performance.
When does AFGB report earnings?
American Financial Group reports earnings on a quarterly cadence, typical for US-listed equities.
Results in recent periods have reflected the interplay between underwriting margins, investment income, and annuity sales volumes. Insurance companies can see quarter-to-quarter variability driven by catastrophe losses and interest rate movements, both of which influence reported earnings.
For the most recent quarter's results, visit American Financial Group's investor relations page directly.
AFGB Price History
+2.0% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in American Financial Group, Inc.?
Based on American Financial Group, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
AFGB Long-term Outlook
The UQS Growth pillar is rated Weak, suggesting the near-term expansion trajectory is below sector norms. However, the Attractive Valuation rating indicates the current price may offer a margin of safety. The Neutral Risk profile points to a company that is neither unusually exposed nor particularly insulated from broader financial-sector headwinds such as interest rate shifts and catastrophe frequency.
Growth drivers
- Rising demand for specialty commercial insurance products
- Fixed-indexed annuity sales growth as retirement savers seek downside protection
- Investment income tailwinds from a higher interest rate environment
Key risks
- Weak Moat rating signals vulnerability to pricing pressure from larger, better-capitalized insurers
- Catastrophe losses can compress underwriting margins in any given period
- Slower growth trajectory may limit earnings re-rating potential
AFGB vs Peers
American Financial Group operates alongside several specialty and diversified insurance peers worth understanding in context.
AFGD represents a related security within the American Financial Group capital structure, offering a different instrument for investors seeking exposure to the same underlying business.
Horace Mann focuses specifically on the educator market for insurance and retirement products, giving it a narrower but more defined niche compared to AFG's broader commercial and annuity reach.
Aspen operates as a global specialty insurer and reinsurer, competing with AFG's specialty casualty lines but with a more internationally diversified book of business.
Frequently Asked Questions
What does American Financial Group do?
American Financial Group is an insurance holding company that underwrites commercial property and casualty policies for businesses and sells fixed and fixed-indexed annuities through retail, financial institution, and education channels. Investment income from its insurance float complements underwriting revenue.
Does AFGB pay dividends?
Yes, American Financial Group pays a regular dividend. This is consistent with the capital-return practices of established insurance holding companies that generate relatively predictable cash flows from underwriting and annuity operations. Investors should verify current dividend details on the company's investor relations page.
When does AFGB report earnings?
American Financial Group reports on a quarterly cadence, as is standard for US-listed companies. Specific upcoming dates are not covered by our data source — check the company's investor relations page or a financial calendar for the next scheduled release.
Is AFGB a good stock to buy?
UQS Score rates AFGB as Good overall. The Valuation pillar is Attractive and Quality is Good, which may appeal to value-conscious investors. However, Weak Moat and Growth ratings are worth weighing carefully. The full pillar breakdown is available to UQS Pro members.
Is AFGB overvalued?
The UQS Valuation pillar for AFGB is rated Attractive, suggesting the stock is not trading at a premium relative to its fundamentals. This does not guarantee price appreciation, but it indicates the market may be pricing the shares conservatively relative to the company's quality profile.
How does AFGB compare to its competitors?
Compared to peers like Horace Mann and Aspen Insurance, American Financial Group offers a broader mix of commercial specialty insurance and annuity products. Its Attractive Valuation may differentiate it from peers trading at higher multiples, though its Weak Moat rating suggests less pricing power than some larger specialty insurers.
What is AFGB's market cap bracket?
AFGB is classified as a small-cap stock. This places it below large and mega-cap insurers in terms of total market value, which can mean less analyst coverage and potentially wider bid-ask spreads, but also the possibility of being overlooked by institutional investors.
Who founded American Financial Group?
American Financial Group was founded by Carl Henry Lindner Jr. in 1959. Lindner built the company into a diversified insurance and financial services enterprise headquartered in Cincinnati, Ohio, where it remains based today.
Is AFGB a long-term quality stock?
From a long-term quality perspective, AFGB's Good Quality and Attractive Valuation ratings provide a reasonable foundation. The Weak Moat and Growth pillars, however, suggest investors should monitor whether the company can sustain competitive positioning over time. Pro members can access the full multi-pillar analysis.
What is the main competitive advantage of American Financial Group?
American Financial Group's focus on specialty commercial insurance lines — property, transportation, and specialty casualty — provides some degree of niche expertise. However, the UQS Moat pillar is rated Weak, indicating this advantage may not be deeply entrenched relative to larger, more diversified insurance competitors.
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Pro Analysis
AFGB — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 52.1 | 67.8 | 32.0 | 21.5 | 58.3 | 93.9 | +0.1 |
| May 21, 2026 | 52.0 | 67.8 | 32.0 | 21.5 | 58.3 | 93.6 | -0.1 |
| May 19, 2026 | 52.1 | 67.8 | 32.0 | 21.5 | 58.3 | 94.3 | 0.0 |
| May 17, 2026 | 52.1 | 67.8 | 32.0 | 21.5 | 58.3 | 94.1 | -0.1 |
| May 16, 2026 | 52.2 | 67.8 | 32.0 | 21.5 | 58.3 | 94.5 | +0.1 |
| May 14, 2026 | 52.1 | 67.8 | 32.0 | 21.5 | 58.3 | 94.3 | 0.0 |
| May 12, 2026 | 52.1 | 67.8 | 32.0 | 21.5 | 58.3 | 94.1 | 0.0 |
| May 11, 2026 | 52.1 | 67.8 | 32.0 | 21.5 | 58.3 | 94.2 | +0.3 |
| May 10, 2026 | 51.8 | 67.8 | 32.0 | 21.5 | 58.3 | 91.8 | -0.3 |
| May 9, 2026 | 52.1 | 67.8 | 32.0 | 21.5 | 58.3 | 93.9 | 0.0 |
AFGB — Pillar Breakdown
Quality
— 67.8/100 (25%)American Financial Group, Inc. shows solid profitability with healthy returns on capital and reasonable margins.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 21.5/100 (20%)American Financial Group, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 58.3/100 (15%)American Financial Group, Inc. maintains a reasonable risk profile with manageable debt levels.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 95.2/100 (15%)American Financial Group, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 32/100 (25%)American Financial Group, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for AFGB.
Score Composition
Financial Data
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How is the AFGB UQS Score Calculated?
The UQS (Unified Quality Score) for American Financial Group, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses American Financial Group, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether American Financial Group, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.