American Financial Group is committed to providing insurance products through Great American Insurance Group that help to secure a healthy financial future for individuals and businesses. We believe that specialization is the key element to the success of our organization, as we focus on serving niche industries we know well. Over 6,700 employees in more than 100 locations throughout North America and Europe provide the strength and expertise that make AFG a leader in the financial services marketplace.
Today, through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance ("P&C"), focusing on specialized commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities. AFG's purpose is to enable individuals and businesses to manage financial risk using insurance products and services tailored to meet their specific and ever-changing risk exposures. AFG's strategy is to allocate capital to insurance operations which management believes offer a competitive advantage or unique opportunities.
AFG's primary investment objective is to maximize return on an on-going basis rather than on short-term performance. Our in-house talented team of analysts and investment managers has built a quality investment portfolio that produces a relatively predictable, steady stream of income. Over the years, our conservatively invested, low-risk portfolio has generated solid returns and provided asset growth.
Closing share price
|FY, 2010||FY, 2011||FY, 2012||FY, 2013||FY, 2014||FY, 2015||FY, 2016|
|$4.5 b||$4.6 b||$5 b||$5.1 b||$5.7 b||$6.1 b||$6.5 b|
Revenue growth, %
|$689 m||$626 m||$565 m|
|$453 m||$406 m||$370 m||$668 m|
Operating cash flow
|($66 m)||($296 m)||($123 m)|