AFG American Financial

American Financial Group, Inc. is an American financial services holding company based in Cincinnati, Ohio. Its primary businesses are insurance and investments. American Financial Group's major insurance division operates as the Great American Insurance Company, founded in 1872, and focuses on property and casualty insurance services. Other affiliates and subsidiaries include Great American Custom, Mid-Continent Group, National Interstate, and Republic Indemnity. Additional insurance specialties include equine, trucking, executive liability, fidelity and crime, and agribusiness. Great American Financial Resources is a wholly owned subsidiary of American Financial Group and supplies a range of annuities, life insurance products and supplemental insurances to individuals and enterprises.
Company profile
Ticker
AFG, AFGC, AFGD, AFGE, AFGB
Exchange
Website
CEO
Stephen Craig Lindner / Carl Henry Lindner
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AMERICAN FINANCIAL GROUP HOLDINGS INC
SEC CIK
Corporate docs
IRS number
311544320
AFG stock data
()
Press releases
American Financial Group, Inc. Announces Its Conference Call and Webcast to Discuss 2021 First Quarter Results
13 Apr 21
American Financial Group, Inc. Declares Quarterly Dividend
1 Apr 21
FIDx Announces New Partnership with Great American Life, Increasing Access to Industry Leading Annuity Products
23 Mar 21
American Financial Group, Inc. Management to Participate in the 2021 Association of Insurance and Financial Analysts (AIFA) Virtual Conference
16 Feb 21
American Financial Group, Inc. Management to Participate in the 2021 Credit Suisse Virtual Financial Services Forum
11 Feb 21
Investment data
Top 50 of 101 long holdings End of quarter 31 Dec 20 |
Value |
#Shares |
Prev Q |
Change %, QoQ |
---|---|---|---|---|
$52.95M | 484.97K | 484.97K | 0 | |
$41.78M | 1.37M | 1.4M | -2.2 | |
$37.1M | 1.78M | 1.78M | 0 | |
$28.3M | 1.91M | 1.91M | 0 | |
$23.81M | 1.33M | 1.33M | 0 | |
$23.09M | 1.23M | NEW | ||
$21.86M | 320K | 320K | 0 | |
$19.42M | 315K | 715K | -55.9 | |
$17.29M | 599.99K | 599.99K | 0 | |
$16.28M | 105.73K | 105.73K | 0 | |
$13.63M | 365.78K | 1.22M | -69.9 | |
$12.84M | 2.08M | 2.08M | 0 | |
$12.43M | 400K | 720K | -44.4 | |
$12.11M | 666.23K | 666.23K | 0 | |
$11.66M | 175.5K | 175.5K | 0 | |
$11.59M | 2.83M | 2.83M | 0 | |
$11.55M | 1.62M | 1.62M | 0 | |
$10.85M | 207K | 207K | 0 | |
$10.03M | 106.92K | 106.92K | 0 | |
$9.44M | 482K | 482K | 0 | |
$8.54M | 490K | 1.49M | -67.1 | |
$8.23M | 350K | NEW | ||
$7.91M | 190K | 490K | -61.2 | |
$6.95M | 843K | 843K | 0 | |
$6.73M | 540.35K | 620.35K | -12.9 | |
$6.56M | 930.11K | 930.11K | 0 | |
$5.99M | 939.6K | 1.24M | -24.2 | |
$5.95M | 197K | 272K | -27.6 | |
$5.77M | 175K | NEW | ||
$5.75M | 230K | 230K | 0 | |
$5.66M | 984.19K | 984.19K | 0 | |
$5.29M | 262.92K | 302.92K | -13.2 | |
$4.23M | 1.12M | 1.12M | 0 | |
$4.18M | 299.5K | NEW | ||
$3.84M | 1.42M | 1.42M | 0 | |
$3.81M | 110K | 110K | 0 | |
$3.75M | 200K | NEW | ||
$3.72M | 60K | 60K | 0 | |
$3.7M | 110K | 110K | 0 | |
$3.69M | 350K | 350K | 0 | |
$3.67M | 317.7K | 317.7K | 0 | |
$3.54M | 186.5K | 620.06K | -69.9 | |
$3.22M | 113.7K | 113.7K | 0 | |
$3.14M | 1.27M | 1.27M | 0 | |
$3.05M | 133.33K | 133.33K | 0 | |
$2.99M | 374K | 374K | 0 | |
$2.91M | 50K | 50K | 0 | |
$2.88M | 76.57K | 76.57K | 0 | |
$2.85M | 188.57K | 188.57K | 0 | |
$2.79M | 200K | 200K | 0 |
Holdings list only includes long positions.
Only includes long positions.
Calendar
24 Feb 21
22 Apr 21
31 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Revenue | |||||
Cost of revenue | |||||
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Diluted EPS |
Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.81B | 2.81B | 2.81B | 2.81B | 2.81B | 2.81B |
Cash burn (monthly) | 312.33M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | 1.17B | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 1.64B | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 5.3 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 Mar 21 | Von Lehman John I | Common Stock | Sell | Dispose S | No | No | 119.0982 | 1,264 | 150.54K | 11,910 |
18 Mar 21 | Lindner S Craig | Phantom Stock Common Stock | Discretionary | Dispose I | No | No | 118.5 | 35,662 | 4.23M | 0 |
23 Feb 21 | Lindner Carl H Iii | Common Stock | Grant | Aquire A | Yes | No | 0 | 13,498 | 0 | 2,087,917 |
23 Feb 21 | Michelle A Gillis | Common Stock | Grant | Aquire A | No | No | 0 | 2,880 | 0 | 43,410.38 |
23 Feb 21 | Brian S. Hertzman | Common Stock | Grant | Aquire A | No | No | 0 | 2,565 | 0 | 9,615 |
22 Feb 21 | Lindner Carl H Iii | Common Stock | Payment of exercise | Dispose F | Yes | No | 109.09 | 7,093 | 773.78K | 2,074,419 |
22 Feb 21 | Michelle A Gillis | Common Stock | Payment of exercise | Dispose F | No | No | 109.09 | 1,286 | 140.29K | 40,530.38 |
22 Feb 21 | Brian S. Hertzman | Common Stock | Payment of exercise | Dispose F | No | No | 109.09 | 501 | 54.65K | 7,050 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
64.6% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 367 |
Opened positions | 63 |
Closed positions | 33 |
Increased positions | 83 |
Reduced positions | 159 |
13F shares |
Current |
---|---|
Total value | 4.89B |
Total shares | 55.84M |
Total puts | 74.6K |
Total calls | 34.3K |
Total put/call ratio | 2.2 |
Largest owners |
Shares | Value |
---|---|---|
Vanguard | 7.35M | $644.37M |
BLK Blackrock | 6.41M | $561.75M |
Victory Capital Management | 4.04M | $353.97M |
LSV Asset Management | 3.15M | $276.33M |
STT State Street | 2.75M | $240.91M |
American Financial Group Inc 401 | 2.72M | $238.37M |
FMR | 1.96M | $171.5M |
Dimensional Fund Advisors | 1.38M | $121.02M |
GS Goldman Sachs | 1.3M | $114.06M |
Lomas Capital Management | 1.09M | $95.71M |
Financial report summary
?Risks
- General economic, financial market and political conditions and conditions in the markets in which we operate may materially adversely affect our investment portfolio, results of operations, financial condition and stock price.
- A significant majority of AFG’s investment portfolio consists of fixed maturity investments, and changes in global economic conditions, including interest rates, could have a material adverse effect on AFG’s results of operations and financial condition.
- AFG’s alternative investments may be illiquid and volatile in terms of value and returns, which could negatively affect AFG’s investment income and liquidity.
- Changes in interest rates could adversely affect the results of operations of AFG’s annuity segment.
- The modification or elimination of the London Inter-Bank Offered Rate may adversely affect AFG’s results of operations.
- Adverse developments in the financial markets may limit AFG’s access to capital.
- Intense competition could adversely affect AFG’s results of operations.
- The continued threat of terrorism and ongoing military and other actions, as well as civil unrest, may adversely affect AFG’s results of operations.
- AFG’s results of operations could be adversely impacted by catastrophes, both natural and man-made, pandemics or severe weather conditions or climate change.
- Volatility in crop prices, as a result of weather conditions, climate change or otherwise, could adversely impact AFG’s results of operations.
- Changing climate conditions may increase the frequency and severity of catastrophic events and thereby adversely affect our financial condition and results.
- AFG may experience difficulties with technology or data security, which could have an adverse effect on its business or reputation.
- Any failure to appropriately collect, administer and protect consumer information could adversely affect AFG’s reputation, subject AFG to fines, claims and penalties, and have a material adverse effect on AFG’s business, financial condition and results of operations.
- AFG’s international operations exposes it to investment, political and economic risks, including foreign currency and credit risk.
- Ineffective risk management policies in the indexed annuity business could adversely affect AFG’s results of operations.
- A significant percentage of AFG’s sales of annuity products through financial institutions is concentrated in a small number of institutions.
- AFG’s revenues could be adversely affected if it is not able to attract and retain independent agents.
- Exposure to asbestos or environmental claims could materially adversely affect AFG’s results of operations and financial condition.
- AFG may suffer losses from litigation, which could materially and adversely affect AFG’s financial condition and business operations.
- A downgrade or potential downgrade in AFG’s financial strength and/or credit ratings by one or more rating agencies could adversely affect its business, financial condition, results of operations and/or cash flows.
- The inability to obtain reinsurance or to collect on ceded reinsurance could adversely affect AFG’s results of operations.
- AFG’s property and casualty reserves may be inadequate, which could have a material adverse effect on AFG’s results of operations.
- Variations from the actuarial assumptions used to establish certain assets and liabilities in AFG’s annuity business could adversely affect AFG’s results of operations.
- AFG is subject to comprehensive regulation, and its ability to earn profits may be restricted by these regulations.
- As a holding company, AFG is dependent on the operations of its insurance company subsidiaries to meet its obligations and pay future dividends.
- Changes to existing accounting standards could adversely impact AFG’s reported results of operations.
- Certain shareholders exercise substantial control over AFG’s affairs, which may impede a change of control transaction.
- The price of AFG Common Stock may fluctuate significantly, which may make it difficult for holders to resell common stock when they want or at a price they find attractive.
Management Discussion
- Through the operations of its subsidiaries, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of traditional fixed and indexed annuities in the retail, financial institutions, broker-dealer and registered investment advisor markets.
- AFG reported fourth quarter 2020 net earnings attributable to shareholders of $692 million ($7.93 per share, diluted) compared to $211 million ($2.31 per share, diluted) in the fourth quarter of 2019, reflecting:
- •higher interest charges on borrowed money.
Content analysis
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Constraining | ||
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Readability |
H.S. senior Avg
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New words:
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Removed:
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Financial reports
10-K
2020 FY
Annual report
24 Feb 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
11 May 20
10-K
2019 FY
Annual report
25 Feb 20
10-Q
2019 Q3
Quarterly report
5 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
3 May 19
10-K
2018 FY
Annual report
26 Feb 19
10-Q
2018 Q3
Quarterly report
8 Nov 18
Current reports
8-K
American Financial Group, Inc. Announces Fourth Quarter and Full Year Results
4 Feb 21
8-K
American Financial Group, Inc. Announces Agreement to Sell its Annuity Business to MassMutual for $3.5 Billion
28 Jan 21
8-K
Entry into a Material Definitive Agreement
15 Dec 20
8-K
American Financial Group, Inc. Elects Evans Nwankwo to its Board of Directors
10 Dec 20
8-K
American Financial Group, Inc. Announces Third Quarter Results
29 Oct 20
8-K
Regulation FD Disclosure
27 Oct 20
8-K
American Financial Group, Inc. Announces Death of Board Member Ken Ambrecht
28 Sep 20
8-K
Other Events
14 Sep 20
8-K
Departure of Directors or Certain Officers
1 Sep 20
8-K
American Financial Group, Inc. Announces Second Quarter Results
5 Aug 20
Registration and prospectus
S-3ASR
Automatic shelf registration
26 Feb 21
25-NSE
Exchange delisting
16 Nov 20
8-A12B
Registration of securities on exchange
11 Sep 20
424B5
Prospectus supplement for primary offering
9 Sep 20
FWP
Free writing prospectus
8 Sep 20
424B5
Prospectus supplement for primary offering
8 Sep 20
8-A12B
Registration of securities on exchange
26 May 20
424B5
Prospectus supplement for primary offering
22 May 20
FWP
Free writing prospectus
22 May 20
424B5
Prospectus supplement for primary offering
21 May 20
Proxies
DEFA14A
Additional proxy soliciting materials
2 Apr 21
DEF 14A
Definitive proxy
2 Apr 21
DEFA14A
Additional proxy soliciting materials
30 Apr 20
DEFA14A
Additional proxy soliciting materials
3 Apr 20
DEF 14A
Definitive proxy
3 Apr 20
DEFA14A
Additional proxy soliciting materials
5 Apr 19
DEF 14A
Definitive proxy
5 Apr 19
DEF 14A
Definitive proxy
5 Apr 18
DEFA14A
Additional proxy soliciting materials
5 Apr 18
DEF 14A
Definitive proxy
6 Apr 17
Other
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
3 May 19
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
26 Feb 19
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
8 Nov 18
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
3 Aug 18
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
7 May 18
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
22 Feb 18
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
2 Nov 17
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
3 Aug 17
UPLOAD
Letter from SEC
28 Jun 17
CORRESP
Correspondence with SEC
12 Jun 17
Ownership
4
AMERICAN FINANCIAL / S CRAIG LINDNER ownership change
22 Mar 21
4
AMERICAN FINANCIAL / LEHMAN JOHN I VON ownership change
22 Mar 21
4
AMERICAN FINANCIAL / S CRAIG LINDNER ownership change
15 Mar 21
4
AMERICAN FINANCIAL / JOHN B BERDING ownership change
24 Feb 21
4
AMERICAN FINANCIAL / Brian S. Hertzman ownership change
24 Feb 21
4
AMERICAN FINANCIAL / Vito C Peraino ownership change
24 Feb 21
4
AMERICAN FINANCIAL / Michelle A Gillis ownership change
24 Feb 21
4
AMERICAN FINANCIAL / S CRAIG LINDNER ownership change
24 Feb 21
4
AMERICAN FINANCIAL / CARL H LINDNER III ownership change
24 Feb 21
13F-HR
Quarterly holdings report by institutional manager
12 Feb 21
Transcripts
2020 Q3
Earnings call transcript
31 Oct 20
2020 Q2
Earnings call transcript
5 Aug 20
2020 Q1
Earnings call transcript
12 May 20
2019 Q4
Earnings call transcript
4 Feb 20
2019 Q3
Earnings call transcript
30 Oct 19
2019 Q2
Earnings call transcript
7 Aug 19
2019 Q1
Earnings call transcript
5 May 19
2018 Q4
Earnings call transcript
1 Feb 19
2018 Q3
Earnings call transcript
31 Oct 18
2018 Q2
Earnings call transcript
5 Aug 18
Reddit threads
Thoughts on my portfolio?
20 Apr 21
Daily Discussion Thread - April 14th, 2021
14 Apr 21
Daily Discussion Thread - April 13th, 2021
13 Apr 21
Daily Discussion Thread - April 12th, 2021
12 Apr 21
22 years old active military. Bought in at 300 and then a f**k ton at 40$. Not selling until it hits a 1000. Buying house for mom when I get out 🎊🍾 🚀🌝
9 Mar 21
Daily Plays - March 05, 2021
5 Mar 21
I was a deca-millionaire for a week, down $3M today. But I’m okay with $2M -> $12M -> $8M in 4 months. AMA
23 Feb 21
OK, WHO'S STILL HOLDING ?!?! 💎💎💎🙌🙌🙌🚀🚀🚀
5 Feb 21
Daily Discussion Thread - January 14th, 2021
14 Jan 21
Daily Discussion Thread - January 13th, 2021
13 Jan 21