American Financial Group (AFG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

American Financial Group

NYSE•Financial Services•Insurance - Property & Casualty

$142.31-0.56(<0.01%)Market closed

Market Cap

$11.81B

P/E

12.4x

P/S

1.4x

P/B

2.5x

American Financial Group, Inc., an insurance holding company, provides property and casualty insurance products in the United States. It operates through Property and Casualty Insurance and Other segments. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, other specialty transportation niches, inland and ocean marine, agricultural-related products, and other commercial property coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance. It sells its property and casualty insurance products through independent insurance agents and brokers. American Financial Group, Inc. was formerly known as American Financial Group Holdings Inc and changed its name to American Financial Group, Inc. in July 1997. The company was founded in 1872 and is headquartered in Cincinnati, Ohio.

How this company scores

GoodMetricSide Score: 71/100

Strongest: Profitability (23/25); weakest: Growth (14/25).

Profitability23/25

Growth14/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality18/25

Strengths

High ROERising earningsLow leverageCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 12.4x5y range 4.6x – 15.1x

Currently near its 20-quarter median.

P/S · 1.4x5y range 1.2x – 1.9x

Currently near its 20-quarter median.

P/B · 2.5x5y range 2.1x – 2.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Revenue Decline

Watch

Revenue has softened, declining in 4 quarters. Watch for further erosion.

Price & Volume

Market Cap $11.81B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $8.28B
Q. Revenue: $2.03B
TTM EBITDA: $1.33B
TTM Op. Income: $1.20B
Q. Op. Income: $316.00M
TTM Net Income: $953.00M
Q. Net Income: $248.00M
EPS: $2.99
Shares Out.: $83.00M

$8.28B in TTM revenue declined 0.2% YoY, reaching $2.03B last quarter. TTM EBITDA of $1.33B and TTM operating income of $1.20B show growth is flowing through to the bottom line. TTM net income of $953.00M means revenue is converting into profit. Over the past year, TTM revenue is down 0% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 16.7%
Op. Margin: 15.6%
Net Margin: 12.2%

Op. margin of 15.6% is up 3.7% YoY — cost efficiency is improving. Net margin at 12.2% Over the past year, operating margin is up 31% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 12.4x
P/S Ratio: 1.4x
P/B Ratio: 2.5x

At 12.4x P/E, the stock trades below typical market levels. P/S of 1.4x and P/B of 2.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 10% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $33.03B
Cash: $1.44B
Long-Term Debt: $1.82B
Book Value: $4.82B
D/E Ratio: 0.4
Debt/EBITDA: 5.4

With $33.03B in assets and $1.82B in long-term debt, D/E is 0.4and book value is $4.82B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 16% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $92.00M
TTM Free Cash Flow: $1.43B
FCF Margin: 17.3%
FCF / Net Income: 1.5

TTM FCF of $1.43B on $92.00M in operating cash flow. The FCF / Net Income ratio of 1.5x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 7% — a weakening trend.