American Financial Group, Inc. (AFG)

American Financial Group, Inc. (AFG) is an insurance holding company focused on specialized commercial products for businesses, headquartered in Cincinnati, Ohio. Led by Co-CEOs Carl H. Lindner III and S. Craig Lindner, AFG’s strategic mission is to "deliver superior long-term returns to shareholders through a disciplined focus on specialty property and casualty (P&C) insurance." The company holds a dominant industry position through its Great American Insurance Group, which ranks as a top-tier provider of inland marine, workers' compensation, and crop insurance. The company’s vision is to be the premier specialty insurer through expert underwriting and opportunistic capital management. In late 2025, AFG stock has reached record levels, with the AFG stock price reflecting a massive 19.0% annualized return on equity and the declaration of multiple special dividends totaling over $300 million in 2025 alone.

The business operations of AFG are centered on "Specialized Underwriting," where the company manages over 30 distinct specialty niches. In fiscal 2025, core net operating earnings grew to $224 million in Q3, fueled by a stellar combined ratio and higher net investment income. A primary growth driver is the "Crop Insurance Dominance," where AFG is a top-three U.S. provider, benefiting from its deep actuarial data and federal reinsurance partnerships. The 2026 strategic roadmap focuses on "Alternative Investment Maximization," leveraging its $10+ billion investment portfolio to drive yield in a higher-for-longer interest rate environment. AFG holds an "Excess Capital Moat," as it consistently maintains significant liquidity to fund opportunistic acquisitions or return cash to shareholders—evidenced by 20 consecutive years of dividend increases. With a focus on high-margin, low-catastrophe-risk commercial lines, AFG stock is the definitive choice for investors seeking a high-yield, low-volatility insurance compounder.

American Financial Group, Inc. (AFG) is listed on the New York Stock Exchange (NYSE). For investors researching AFG stock, the company’s "Core Earnings Growth"—which increased 16.5% in 2025—highlights its operational excellence. The AFG stock price is a primary beneficiary of rising commercial insurance rates and strong agricultural market trends. For those monitoring AFG stock, the company’s ability to return over 100% of its operating earnings to shareholders through regular and special dividends makes it a standout performer in the financial sector.