American Financial Group Inc

Finance
Property-Casualty Insurers
www.afginc.com

Earnings Score
Moat Score

Market Cap $10.90B
PE 12
Debt $1.50B
Cash $1.41B
EV $10.99B
FCF -

Earnings

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Sales & Net Margins

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Earnings	$887.00M
EBIT	$1.12B
ROE	20%
ROA	4%
Equity	$4.47B
Growth Stability	71%
PE	12.29
PEG	0.83
PB	2.44
P/S	1.31
Price/Cash	0.13
Debt/Equity	0.34
Net Margins	11%
Op. Margins	14%
Earnings CAGR	10%
Sales Growth YoY	3%
Sales Growth QoQ	-9%
Sales CAGR	2%
Equity CAGR	-2%
Earnings Stability	0.19
Earnings Growth YoY	-3%
Earnings Growth QoQ	41%

Earnings CAGR 5Y	15%
Sales CAGR 5Y	2%
Equity CAGR 5Y	-9%
Earnings CAGR 3Y	10%
Sales CAGR 3Y	10%
Equity CAGR 3Y	2%
Market Cap	$10.90B
Revenue	$8.32B
Dividend Yield	7%
Payout Ratio	89%
Assets	$30.84B
Total Debt	$1.50B
Cash	$1.41B
Shares Outstanding	83.9M
EV	10.99B
Earnings Score	10%
Moat Score	75%
Shares Growth 3y	-1%
Equity Growth QoQ	-5%
Equity Growth YoY	5%

Assets & ROA

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Stockholders Equity & ROE

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American Financial Group Inc is a holding company that is engaged primarily in property and casualty insurance services. The company has a focus on specialized commercial products for businesses. American also has annuity operations that are focused on sales of traditional fixed and fixed-indexed annuities in the education, bank, and individual markets. American's insurance operations are conducted through the Great American Insurance Group. The group writes business in all 50 of the United States, primarily through independent agents and brokers.

SEC Filings

Direct access to American Financial Group Inc (AFG) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does American Financial Group Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of American Financial Group Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 10%

Stability 19%

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American Financial Group Inc Discounted Cash Flow

Fully customizable DCF calculator online for American Financial Group Inc.

Years

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fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	6%	10%	7%	7%	11%	9%	30%	13%	11%	11%	11%
ROA	-	2%	1%	1%	2%	1%	5%	4%	4%	4%	4%
ROE	-	13%	9%	10%	14%	11%	40%	22%	20%	20%	20%

Good Net Margins (10.66%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	0.21	0.27	0.25	0.27	0.24	0.29	0.4	0.38	0.35	0.34	0.34
Growth Stability	-	-	-	100%	100%	100%	100%	75%	71%	71%	71%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.34)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (71%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	6%	6%	4%	15%	-4%	-17%	7%	11%	6%	2%
Earnings YoY growth	-	84%	-27%	9%	68%	-17%	177%	-55%	-5%	4%	15%
Equity YoY growth	-	3%	8%	-7%	26%	8%	-26%	-19%	5%	5%	-9%
FCF YoY growth	-	-	-	-	-	-	-	-	-	-	-