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American Financial Group AFG

American Financial Group scores average on business quality (5.5 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$141.08Oct 9, 2026
Business qualityAverage
Next earningsNov 4, 2026, after the close
Insiders, 90 daysSelling

Why it matters

  1. What American Financial Group does

    American Financial Group sells specialty property and casualty insurance products, focusing on niche commercial markets through specialized operating subsidiaries. Policyholders pay premiums for tailored coverage ranging from agricultural to transportation risks.

  2. What it does best

    Specialty underwriting discipline yields a top quartile return on equity of 20.0%, outperforming peers like L at 9.0%. This focus on specialized property and casualty niches protects margins from standard commodity insurance pricing wars.

  3. The main risk

    Revenue contraction of 1.8% highlights top-line pressure in a competitive commercial insurance market. If premium rates soften further, underwriting income faces direct contraction.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityFair

Operating margins sit at 14.6% with an FCF margin of 42.0%, ranking in the top quartile of its sector. This profitability scales effectively with premium volume.

MoatFair

Niche underwriting expertise locks in specialized commercial policyholders. A return on equity of 20.0% reflects this edge, though a 6.9 score shows moderate industry durability.

GrowthSlow

Revenue slipped 1.8% over the period, landing in the bottom decile of its sector at a 9th percentile rank. Growth is fading compared to historical expansion phases.

Financial healthStrong

Debt-to-equity of 0.4 and interest coverage of 13.4x keep obligations manageable. Free cash flow of $1.4B supports steady returns, making the balance sheet stronger.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

4 sold $13.7M outside pre-planned sales.

Our sealed record on AFG

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is AFG a good business?

American Financial Group scores average on the Cluenex quality check (5.5 of 10), measured against its own industry. Profitability is fair, moat fair, growth slow and financial health strong.

Are insiders buying AFG?

In the last 90 days of SEC Form 4 filings: 4 sold $13.7M outside pre-planned sales.

When does AFG report earnings?

Nov 4, 2026, after the close.

For members

See AFG today

  • Today's verdict on AFG, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “American Financial Group (AFG)”, https://cluenex.com/stocks/afg/, data as of Oct 10, 2026.