Loading...
Docoh

American Financial (AFG)

American Financial Group is an insurance holding company, based in Cincinnati, Ohio. Through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities in the retail, financial institutions, broker-dealer, and registered investment advisor markets. Great American Insurance Group's roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.

Company profile

Ticker
AFG, AFGC, AFGD, AFGE, AFGB
Exchange
Website
CEO
Stephen Craig Lindner / Carl Henry Lindner
Employees
Incorporated
Location
Fiscal year end
Former names
AMERICAN FINANCIAL GROUP HOLDINGS INC
SEC CIK
Subsidiaries
AFG Real Estate Holding Company, LLC • American Money Management Corporation • American Real Estate Capital Company, LLC • APU Holding Company • American Premier Underwriters, Inc. • Great American Financial Resources, Inc. • Great American Holding, Inc. • ABA Insurance Services, Inc. • Great American Contemporary Insurance Company • Bridgefield Employers Insurance Company ...
IRS number
311544320

AFG stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
Top 50 of 85 long holdings
End of quarter 30 Jun 22
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
$39.5M 242.48K 242.48K 0
$24.06M 686.12K 686.12K 0
$14.49M 315K 315K 0
$12.5M 740.3K 740.3K 0
$11.78M 330K 230K +43.5
$11.76M 220K 50K +340.0
$9.92M 325K 45K +622.2
$8.12M 207K 207K 0
$8.08M 601.67K NEW
$6.53M 452.68K 452.68K 0
$6.04M 190K 190K 0
$6.02M 247K 247K 0
$4.81M 106.92K 106.92K 0
$4.62M 60K 60K 0
$4.6M 386.12K 386.12K 0
$4.2M 110K 110K 0
$4.15M 592.88K 592.88K 0
$4.12M 492.1K 492.1K 0
$4.12M 139.24K 139.24K 0
$4.05M 412.5K 412.5K 0
$4M 400.9K 399.9K +0.3
$3.95M 245K 245K 0
$3.84M 487.09K NEW
$3.64M 1.12M 1.12M 0
$3.2M 350K 350K 0
$3.02M 270K NEW
$3.01M 133.33K 133.33K 0
$2.87M 372.04K 372.04K 0
$2.84M 374K 374K 0
$2.83M 567.37K 567.37K 0
$2.78M 119.15K 119.15K 0
$2.77M 38.85K 38.85K 0
$2.35M 64.33K 64.33K 0
$2.1M 100K 100K 0
$1.88M 275.9K 275.9K 0
$1.72M 212.5K 212.5K 0
$1.47M 100K 100K 0
$1.47M 1.11M 1.11M 0
$1.4M 93.58K 93.58K 0
$1.36M 25K 25K 0
$1.25M 255.75K 255.75K 0
$1.14M 500K 500K 0
$1.12M 127.8K 127.8K 0
$1.1M 105.15K 105.15K 0
$1.05M 100K 100K 0
$974K 125K 125K 0
$900K 500K 500K 0
$858K 403.03K 403.03K 0
$777K 14K 14K 0
$775K 81.02K 81.02K 0
Holdings list only includes long positions. Only includes long positions.

Calendar

5 Aug 22
16 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 967M 967M 967M 967M 967M 967M
Cash burn (monthly) 71.33M 199.83M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 111.93M 313.56M n/a n/a n/a n/a
Cash remaining 855.07M 653.44M n/a n/a n/a n/a
Runway (months of cash) 12.0 3.3 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 Aug 22 Vito C Peraino Common Stock Option exercise Acquire M No No 41.15 2,417 99.46K 88,565.343
10 Aug 22 Vito C Peraino Common Stock Option exercise Acquire M No No 53.66 1,862 99.91K 86,148.343
10 Aug 22 Vito C Peraino Stock Option Exercise Common Stock Option exercise Dispose M No No 41.15 2,417 99.46K 0
10 Aug 22 Vito C Peraino Stock Option Exercise Common Stock Option exercise Dispose M No No 53.66 1,862 99.91K 0
27 Jun 22 Michelle A Gillis Common Stock Option exercise Acquire M No No 53.66 1,862 99.91K 47,813.826
27 Jun 22 Michelle A Gillis Common Stock Option exercise Acquire M No No 47.96 2,517 120.72K 45,951.826
27 Jun 22 Michelle A Gillis Stock Option Exercise Common Stock Option exercise Dispose M No No 53.66 1,862 99.91K 8,417
27 Jun 22 Michelle A Gillis Stock Option Exercise Common Stock Option exercise Dispose M No No 47.96 2,517 120.72K 0
2 Jun 22 Jacobs Terry S Common Stock Sell Dispose S No No 140.025 293 41.03K 6,850
1 Jun 22 Von Lehman John I Common Stock Grant Acquire A No No 0 1,143 0 14,184
20.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 435 416 +4.6%
Opened positions 62 65 -4.6%
Closed positions 43 42 +2.4%
Increased positions 155 150 +3.3%
Reduced positions 149 119 +25.2%
13F shares Current Prev Q Change
Total value 9.85B 9.24B +6.6%
Total shares 54.58M 55.26M -1.2%
Total puts 18.2K 65.6K -72.3%
Total calls 26.3K 88.2K -70.2%
Total put/call ratio 0.7 0.7 -7.0%
Largest owners Shares Value Change
Vanguard 7.54M $1.1B +4.3%
BLK Blackrock 6.39M $929.98M +1.7%
FMR 4.75M $692.42M -6.5%
Victory Capital Management 3.47M $504.18M +3.1%
STT State Street 2.88M $420.02M -1.9%
American Financial Group Inc 401 2.73M $397.48M -2.3%
LSV Asset Management 2.06M $299.57M -9.9%
Lord, Abbett & Co. 2.05M $298.79M +15.0%
Dimensional Fund Advisors 1.51M $219.85M +2.6%
Geode Capital Management 933.91K $135.8M +5.2%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -637.08K EXIT
Millennium Management 238.13K -373.68K -61.1%
Wealthquest 0 -343.36K EXIT
FMR 4.75M -330.95K -6.5%
Vanguard 7.54M +313.12K +4.3%
Lord, Abbett & Co. 2.05M +266.86K +15.0%
LSV Asset Management 2.06M -226.76K -9.9%
Westfield Capital Management 827.74K +167.46K +25.4%
Alliancebernstein 755.97K -164.82K -17.9%
Point72 Asset Management 236.14K -136.04K -36.6%

Financial report summary

?
Risks
  • AFG’s results of operations could be adversely impacted by catastrophes, both natural and man-made, pandemics or severe weather conditions or climate change.
  • AFG’s results of operations and revenues may fluctuate as a result of many factors, including cyclical changes in the insurance industry.
  • AFG’s success will depend on its ability to maintain and enhance effective operating procedures and manage risks on an enterprise-wide basis.
  • AFG could face unanticipated losses from war, terrorism, political unrest and geopolitical uncertainty which could have a material adverse effect on AFG’s financial condition and results of operations.
  • AFG’s international operations exposes it to investment, political and economic risks, including foreign currency and credit risk.
  • Intense competition could adversely affect AFG’s results of operations.
  • AFG’s revenues could be adversely affected if it is not able to attract and retain independent agents.
  • AFG’s property and casualty reserves may be inadequate, which could have a material adverse effect on AFG’s results of operations.
  • AFG uses analytical models to assist in its underwriting, reserving and reinsurance purchasing decision-making, and actual results may differ materially from the model outputs and related analyses.
  • Exposure to asbestos or environmental claims could materially adversely affect AFG’s results of operations and financial condition.
  • AFG’s investment portfolio is subject to market risk, including changes in interest rates, which could have a material adverse effect on AFG’s results of operations and financial condition.
  • General economic, financial market and political conditions and conditions in the markets in which AFG operates may materially adversely affect its investment portfolio, results of operations, financial condition and stock price.
  • 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.
  • The modification or elimination of the London Inter-Bank Offered Rate may adversely affect AFG’s results of operations.
  • 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.
  • 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 may suffer losses from litigation, including from effects of emerging claim and coverage issues which could materially and adversely affect AFG’s financial condition and business 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.
  • New accounting rules or 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. AFG’s former annuity operations are reported as discontinued operations.
  • AFG reported net earnings from continuing operations of $167 million ($1.96 per share, diluted) for the second quarter of 2022 compared to $240 million ($2.81 per share, diluted) for the second quarter of 2021. Higher underwriting profit and lower holding company expenses in 2022 compared to 2021 were more than offset by net realized losses on securities in the second quarter of 2022 compared to net realized gains on securities in the second quarter of 2021.
  • AFG reported net earnings from continuing operations of $457 million ($5.36 per share, diluted) for the first six months of 2022 compared to $507 million ($5.90 per share, diluted) for the first six months of 2021. Higher underwriting profit, higher net investment income and lower holding company expenses in 2022 compared to 2021 were more than offset by net realized losses on securities in the first six months of 2022 compared to net realized gains on securities in the first six months of 2021.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: elevated, payroll, retail, SOFR
Removed: deploying, GALIC, January, quarterly, repurchase, returning