American Financial Group (NYSE:AFG) is a Cincinnati-based insurance holding company specializing in property and casualty insurance, life and supplemental health insurance, annuities, and reinsurance. Through its principal businesses—Great American Insurance Group and Great American Life Insurance Company—it underwrites a broad range of commercial specialty lines, including inland marine, environmental, fidelity and crime, and executive liability coverage. The company also offers fixed annuity products and various group life and disability contracts to institutional and individual clients.
Great American Insurance Group, AFG’s largest operating segment, writes business across all 50 states, with a focus on niche markets such as commercial automobile, financial institutions, and professional liability. Its reinsurance arm provides treaty and facultative reinsurance solutions worldwide, supporting primary insurers with capital management and risk diversification. AFG’s annuity operations deliver fixed-rate and indexed annuity products, catering to retirement planning needs for both retail and institutional customers.
Founded in 1945 by Carl H. Lindner Sr., American Financial Group has grown organically and through strategic acquisitions to become one of the nation’s leading specialty insurers. Over the decades, the company has acquired several regional and national carriers, strengthened its underwriting capabilities, and expanded its product offerings. Its conservative investment strategy and disciplined underwriting approach have contributed to sustained financial strength and competitive positioning in target markets.
Under the leadership of Chairman and CEO Carl H. Lindner III, AFG’s management team combines family stewardship with industry expertise. The company maintains a centralized management model focused on operational efficiency, risk management, and customer service excellence. With a commitment to long-term growth, American Financial Group continues to leverage its deep underwriting knowledge, strong balance sheet, and extensive distribution networks to serve clients in the United States and select international markets.
