American Financial (AFG) Stock Analysis

November 11, 2026

This is a peer-relative look at American Financial (AFG): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Insurance peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for American Financial (AFG)
Profile Item	AFG
Name	American Financial Group Inc
Country/Region	United States
GICS Sector	Financials
GICS Industry Group	Insurance
GICS Industry	Insurance
GICS Sub-Industry	Property & Casualty Insurance
Market Capitalization	12.79 billion USD
Currency	USD
Exchange	NYSE
Listing Date	March 17, 1980
Security Type	Common Stock

Price Performance

Cumulative Growth

AFG

GSPC

American Financial (AFG) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for American Financial (AFG) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for American Financial (AFG) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

American Financial (AFG) metric values compared with Insurance industry-group medians
Metric	Current stock: AFG	Industry group median
Total Return (1Y)	15.92%	13.21%
Total Return (3Y, Annualized)	20.24%	16.41%
Total Return (5Y, Annualized)	9.64%	10.37%

Risk Profile

Drawdown History

AFG

GSPC

American Financial (AFG) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for American Financial (AFG) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

American Financial (AFG) metric values compared with Insurance industry-group medians
Metric	Current stock: AFG	Industry group median
Volatility (1Y, Annualized)	17.44%	28.84%
Beta (5Y)	0.55	0.50
Max Drawdown (5Y)	-23.85%	-38.77%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. AFG is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

American Financial (AFG) metric values compared with Insurance industry-group medians
Metric	Current stock: AFG	Industry group median
Sharpe Ratio (1Y)	0.67	0.28
Sortino Ratio (1Y)	1.02	0.41

Profitability

ROE (TTM)

American Financial (AFG) posts ROE of 21.57%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

AFG

Insurance industry group

21.57%

Group distribution

Max: 41.68%
Q3: 22.04%
AFG: 21.57%
Median: 14.81%
Q1: 8.79%
Min: -10.66%

Largest peers

PGR: 33.24%
TRV: 27.50%
MRSH: 27.24%
AFG: 21.57%
CB: 14.25%
MFC: 12.24%
AJG: 7.21%

Where American Financial (AFG) stands on ROE within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

American Financial (AFG) keeps 12.28% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

AFG

Insurance industry group

12.28%

Group distribution

Max: 29.92%
Q3: 17.03%
AFG: 12.28%
Median: 10.97%
Q1: 6.21%
Min: -4.68%

Largest peers

MFC: 18.97%
CB: 18.13%
TRV: 17.03%
MRSH: 14.20%
PGR: 12.67%
AFG: 12.28%
AJG: 10.78%

Where American Financial (AFG) stands on net margin within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

operating margin is set aside for American Financial (AFG) in Insurance: the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.

Profitability Metrics

American Financial (AFG) metric values compared with Insurance industry-group medians
Metric	Current stock: AFG	Industry group median
ROE (TTM)	21.57%	14.81%
ROA (TTM)	2.55%	2.72%
Net Margin (TTM)	12.28%	10.97%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

American Financial (AFG) grew revenue -1.93%, in the lower peer quartile. The top line is expanding more slowly than at most peers, which can reflect softer demand, lost share, or weaker pricing.

American Financial (AFG): Revenue Growth across different time periods, set against Insurance industry-group medians.

EPS Growth

American Financial (AFG) grew earnings per share -4.57%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

American Financial (AFG): EPS Growth across different time periods, set against Insurance industry-group medians.

Growth Metrics

American Financial (AFG) metric values compared with Insurance industry-group medians
Metric	Current stock: AFG	Industry group median
Revenue Growth (YoY)	-1.93%	7.89%
Revenue Growth (3Y CAGR)	6.22%	11.40%
EPS Growth (YoY)	-4.57%	21.77%
EPS Growth (3Y CAGR)	-1.45%	18.46%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for American Financial (AFG) in Insurance: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for American Financial (AFG) in Insurance: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

American Financial (AFG) metric values compared with Insurance industry-group medians
Metric	Current stock: AFG	Industry group median
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

American Financial (AFG) has dividend yield of 2.31%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

AFG

Insurance industry group

2.31%

Group distribution

Max: 5.12%
AFG: 2.31%
Q3: 2.15%
Median: 0.98%
Q1: 0.00%
Min: 0.00%

Largest peers

MFC: 4.32%
AFG: 2.31%
MRSH: 1.80%
TRV: 1.17%
CB: 1.07%
AJG: 0.95%
PGR: 0.17%

Where American Financial (AFG) stands on dividend yield within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

American Financial (AFG) has payout ratio of 28.71%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

AFG

Insurance industry group

28.71%

Group distribution

Max: 76.67%
Q3: 35.18%
AFG: 28.71%
Median: 14.74%
Q1: 0.00%
Min: 0.00%

Largest peers

PGR: 70.03%
MFC: 54.30%
MRSH: 44.14%
AJG: 41.98%
AFG: 28.71%
CB: 13.95%
TRV: 12.36%

Where American Financial (AFG) stands on payout ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

American Financial (AFG) metric values compared with Insurance industry-group medians
Metric	Current stock: AFG	Industry group median
Dividend Yield (TTM)	2.31%	0.98%
Dividend Payout Ratio (TTM)	28.71%	14.74%

Valuation

P/E Ratio (TTM)

American Financial (AFG) trades at P/E ratio of 12.61, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

AFG

Insurance industry group

12.61

Group distribution

Max: 28.37
Q3: 18.75
AFG: 12.61
Median: 12.23
Q1: 9.08
Min: 2.32

Largest peers

AJG: 42.99
MRSH: 24.50
MFC: 17.23
CB: 12.79
AFG: 12.61
PGR: 11.47
TRV: 10.39

Where American Financial (AFG) stands on P/E ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

American Financial (AFG) trades at 1.54 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

AFG

Insurance industry group

1.54

Group distribution

Max: 4.03
Q3: 2.25
AFG: 1.54
Median: 1.23
Q1: 0.85
Min: 0.07

Largest peers

AJG: 4.58
MRSH: 3.42
CB: 2.25
MFC: 2.11
TRV: 1.66
AFG: 1.54
PGR: 1.44

Where American Financial (AFG) stands on P/S ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

American Financial (AFG) trades at 2.71 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

AFG

Insurance industry group

2.71

Group distribution

Max: 5.07
Q3: 2.79
AFG: 2.71
Median: 1.76
Q1: 1.23
Min: 0.30

Largest peers

MRSH: 6.64
PGR: 3.82
AJG: 3.00
TRV: 2.79
AFG: 2.71
MFC: 2.13
CB: 1.91

Where American Financial (AFG) stands on P/B ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

American Financial (AFG) metric values compared with Insurance industry-group medians
Metric	Current stock: AFG	Industry group median
P/E Ratio (TTM)	12.61	12.23
P/S Ratio (TTM)	1.54	1.23
P/B Ratio (MRQ)	2.71	1.76
Free Cash Flow Yield (TTM)	--	--