AFG
- American Financial Group, Inc.
()
Overview
Company Summary
American Financial Group, Inc. (AFG) is a publicly traded holding company based in the United States. It primarily operates through its insurance subsidiaries, which are engaged in the property and casualty insurance and annuity businesses. AFG's primary focus is on specialized commercial products for businesses and individuals.
AFG has two main operating segments: Property and Casualty Insurance, and Annuity.
1. Property and Casualty Insurance: Through subsidiaries such as Great American Insurance Group, AFG provides a wide range of property and casualty insurance products. These include commercial and personal property insurance, inland and ocean marine insurance, workers' compensation insurance, and specialty products such as professional liability and fidelity & surety bonds. They serve various industries, including agriculture, construction, transportation, healthcare, and real estate.
2. Annuity: AFG's annuity segment mainly consists of Great American Insurance Company, where it offers fixed and indexed annuities. Annuities provide individuals with a reliable income stream in retirement by converting a lump sum payment into periodic payments over a specified period or for life. These annuities help individuals plan for their financial future and manage longevity risk.
Additionally, American Financial Group, Inc. has some other small operations and investments, such as the energy sector and commercial real estate. However, these are relatively minor compared to its core insurance business.
Overall, AFG is primarily focused on property and casualty insurance products for businesses and individuals, along with annuity products that serve retirement and financial planning purposes.