American Financial Group, Inc. is a holding company based in Cincinnati, Ohio and founded in 1959. Our insurance roots go back to 1872 with the founding of Great American Insurance Company. Today, through the operations of Great American Insurance Group, AFG is engaged in property and casualty (P&C) insurance, focusing on specialized commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities. We are proud to provide insurance products that help businesses manage their unique financial risks and exposures and annuity products that help individuals protect their financial futures.

AFG’s Specialty P&C Group is comprised of over 30 diversified businesses offering a wide range of specialty commercial coverages in three major groupings: Property and Transportation, Specialty Casualty and Specialty Financial. Our Annuity operations are focused on sales of traditional fixed and fixed-indexed annuities in the financial institution, retail and education markets. Our Annuity Group enjoys a long history in the industry, with long-term, strong agent relationships and a reputation for simple, consumer-friendly products.

A diversified business model with P&C and annuity operations has worked well for us; many of our businesses are among the top performers in their respective industries. Our business has entrepreneurial spirit at its core, with a focus on accountability. Business autonomy in our Specialty P&C and Annuity operations facilitates agility in underwriting, claims and policy servicing, and enables these businesses to develop distribution strategies and relationships in the unique markets they serve.

AFG’s in-house investment management team oversees a portfolio of over $45 billion, and produces returns that have consistently outperformed industry benchmarks. Fixed income securities, primarily investment grade bonds, account for about 91% of our total investments. Approximately 90% of our fixed maturity investments are rated investment grade by nationally recognized rating agencies, with 98% rated NAIC 1 or 2, NAIC's highest ratings. Stocks, real estate, policy loans and other investments make up the remainder of the portfolio.

We believe that superior underwriting results, superior investment talent and intelligent deployment of capital lead to long-term value creation for our shareholders. With the power of generations behind it, AFG grows and changes with discipline and integrity. We're proud of who we are, where we've been and where we're going. Our industry is changing and we continue to change as well. We strive to provide quality products and service to our customers and agents, offer a rewarding work environment for our employees, and build value for our shareholders.

Our History

American Financial Group traces its history to 1959. In the early days, the Company was known as American Financial Corporation. At its inception, the Company’s principal business consisted of savings and loans. Although insurance and financial services have always been at the core of its businesses, nearly sixty years later, the Company has evolved into a holding company with market-leading insurance operations engaged in the sale of commercial specialty property and casualty (P&C) insurance and fixed and fixed-indexed annuities.

Over the past 20 or so years, we have sharpened our focus on the businesses we know best. We’ve done this through carefully selected acquisitions, start-ups, and dispositions of non-core businesses.  A sampling of transactions appears below:

1998
  • Sale of Commercial Lines Division
2000
  • Start-up of Financial Institution Services
2003
  • IPO of Infinity Property and Casualty; exit personal auto business
2005
  • Acquisition of Farmer’s Crop Insurance Alliance
  • IPO of National Interstate Corporation
2007
  • Acquired all minority shares of Great American Financial Resources, Inc.
2008
  • Acquisitions of Strategic Comp & Marketform Group Ltd.
  • Start-up of Environmental Division
2010
  • Acquisition of Vanliner
2012
  • Start-up of Public Sector Division
  • Acquisition of Employers Comp Associates (ECA)
  • Sale of Medicare supplement & critical illness businesses
2013
  • Start-up of Professional Liability Division
2014
  • Acquisition of Summit Holding Southeast, Inc.
  • Start-up of Aviation Division
  • Acquisition of Public Sector renewal rights
2015
  • Sale of long-term care business
  • Start-up of Great American's Singapore branch
  • Start-up of M&A Liability Division
2016
  • Acquired remaining 49% of NATL shares not owned by AFG
  • Start-up of El Aguila Specialty P&C Division