American Financial Group, Inc.
AFG · Price history
Price at last available close
$150.29
+$11.83 (+8.54%) 1M
2026-10-28
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Company & revenue
About American Financial Group, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
American Financial Group, Inc. (AFG) operates as an insurance holding company, specializing in providing a broad array of property and casualty insurance solutions across the United States. Its comprehensive product portfolio encompasses various lines of business, including property and transportation coverage, which offers protection for physical damage and liability concerning vehicles like buses and trucks, along with inland and ocean marine policies, agricultural-related products, and other commercial property and niche transportation insurance types. The company's specialty casualty segment delivers products such as excess and surplus lines, executive and professional liability, general liability, and umbrella and excess liability policies.
How they make money
American Financial Group primarily writes specialty property and casualty insurance through a collection of niche underwriting businesses. Its FY2025 Form 10-K describes specialty commercial coverages and investment operations. Revenue comes from insurance premiums and investment income, while underwriting profitability depends on pricing, loss experience, expense discipline and reserve development. Premium growth should not be treated as equivalent to earnings growth.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer categories were not separately identified in the reviewed source set.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Strengths
- Niche specialty insurance underwriting — Research interpretation: underwriting expertise in targeted commercial insurance markets can support differentiated pricing, subject to underwriting-cycle changes and competition.Source
Risks
- Loss reserves and insurance pricing — Research interpretation: claim severity, catastrophe events, reserve revisions and investment performance can cause earnings volatility even if written premiums increase.Source
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
68
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
69
Fair
Financial Strength
81
Business Quality / Moat
39
Management
92
Growth Quality
46
Risk / Durability
99
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
70
Fair
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
66/100
Building Historical Record
Model Score 66/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently moderate.
- •Balance-sheet / debt profile scores strongly
- •Asset quality scores strongly
- •Valuation scores attractively
- •Recent buyback activity is present
- •M&A headline · Aug 31, 2026
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for AFG
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can AFG maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is AFG's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Does AFG's balance between cash and debt leave enough flexibility if business conditions weaken?
- •Is AFG's valuation discount tied to a temporary concern or to a longer-term business risk?
Essential Investment Snapshot
Wall Street Score
68
Opportunity Score
70
Market Cap
$12.46B
P/E Ratio
11.9
EPS
$11.45
52-Week High
$150.02
52-Week Low
$123.09
Beta
0.60
Intrinsic Value
$239.85
Analyst Target
$156.00
Shares Outstanding
83.5M
Total Revenue
$8.17B
Total Debt
$1.82B
Dividend Yield (TTM)
4.09%
Liquidation Value / Share
$57.74
Dividend / Share (TTM)
$6.14
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Building upward momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for AFG
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
M&A headline · Aug 31, 2026
Deutsche Bank AG Acquires New Shares in American Financial Group, Inc. $AFG — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Defense WorldCommunity Sentiment
0 active · 0 total callsNo personal call yet on AFG.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Research interpretation: underwriting expertise in targeted commercial insurance markets can support differentiated pricing, subject to underwriting-cycle changes and competition.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Insurance - Property & Casualty industry.
- −Research interpretation: claim severity, catastrophe events, reserve revisions and investment performance can cause earnings volatility even if written premiums increase.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
68
Sep 8, 2026
Change
-0.2
points
Current Score
68
Oct 1, 2026
Category Changes
AFG decreased 0.2 points because Moat declined by 3.2 points.
Negative Contributors
- − Moat declined by 3.2 points
Projected Score
Projected Score
71
Projected Change
+3.7 points
Preliminary comparable-period financial changes suggest improvement of approximately 3.7 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$150.29
Model Intrinsic Value
$239.85
Difference
−$89.56
-37.3% vs IV
Margin of Safety
37.3%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.17B | $8.12B | $8.28B | $7.73B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $6.04B | $6.69B | $6.80B | $6.37B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $2.13B | $1.43B | $1.47B | $1.35B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $927.0M | $357.0M | $349.0M | $282.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $1.38B | $1.24B | $1.28B | $1.23B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $1.20B | $1.07B | $1.12B | $1.07B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $89.0M | $80.0M | $76.0M | $76.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $1.20B | $1.07B | $1.12B | $1.07B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $249.0M | $231.0M | $237.0M | $221.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $953.0M | $842.0M | $887.0M | $852.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $11.45 | $10.08 | $10.57 | $10.06 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 83.00M | 83.50M | 83.90M | 84.70M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 83.00M | 83.50M | 83.90M | 84.80M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$1.99B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$2.99
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-5.5%
Cash Change
+13.4%
Margin Change
+3.4 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
- Debt reduced
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 3.2%. EPS increased 43.8%. Cash increased 13.4%. Total debt declined 5.5%. Net income margin improved by 3.4 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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News
Here's Why American Financial Group (AFG) is a Strong Momentum Stock
American Financial Group (NYSE:AFG) Hits New 1-Year High – What’s Next?
Is American Financial Group (AFG) Outperforming Other Finance Stocks This Year?
3 Stocks in Focus That Hiked Dividends Amid Ongoing Market Volatility
Rumor Mill · AFG
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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