American Financial Group Inc (AFG.N) Company Profile | Reuters.com
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Profile: American Financial Group Inc (AFG.N)

AFG.N on New York Stock Exchange

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American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets. The Company has four segments: Property and casualty insurance, Annuity, Run-off long-term care and life, and Other. AFG's property and casualty operations provide a range of commercial coverages, through its approximately 30 insurance businesses. AFG's property and casualty insurance operations allow local decision-making for underwriting, claims and policy servicing.

The Company's property and casualty insurance products include property and transportation, specialty casualty and specialty financial. The Company offers property and transportation insurance products for Inland and Ocean Marine, which provides coverage for builder's risk, contractor's equipment, property, motor truck cargo, marine cargo, boat dealers, marina operators/dealers and excursion vessels; Agricultural-related, which provides federally reinsured multi-peril crop (allied lines) insurance covering most perils, as well as crop-hail, equine mortality and other coverages for full-time operating farms/ranches and agribusiness operations on a nationwide basis, and Commercial Automobile, which offers coverage for vehicles, such as buses and trucks in a range of businesses, including the moving, and storage and transportation industries, and a physical damage product for the trucking industry.

The Company's Specialty Casualty insurance products include Executive and Professional Liability, which markets coverage for directors and officers of businesses and non-profit organizations, errors and omissions, and provides medical malpractice insurance; Umbrella and Excess Liability, which provides liability coverage in excess of primary layers; Excess and Surplus, which provides liability, umbrella and excess coverage for volatile or hard to place risks, using rates and forms that do not have to be approved by state insurance regulators; General Liability, which provides coverage for contractor-related businesses, energy development and production risks, and environmental liability risks; Targeted Programs, which includes coverage (primarily liability and property) for social service agencies, leisure, entertainment and non-profit organizations, solutions for other targeted markets and alternative risk programs using agency captives, and Worker's Compensation, which provides coverage for prescribed benefits payable to employees injured on the job. The Company's specialty financial insurance includes Fidelity and Surety, which provides fidelity and crime coverage for government, mercantile and financial institutions and surety coverage for various types of contractors, and public and private corporations, and Lease and Loan Services, which provides coverage for insurance risk management programs for lending and leasing institutions, including equipment leasing and collateral, and lender-placed mortgage property insurance.

AFG sells traditional fixed and fixed-indexed annuities in the retail, financial institutions and education markets through independent producers and through direct relationships with certain financial institutions. AFG sells its single premium annuities, excluding bank production, primarily through a retail network of approximately 60 national marketing organizations (NMOs) and managing general agents (MGAs). AFG also sells single premium annuities in financial institutions through direct relationships with certain banks and through independent agents and brokers. AFG services and receives renewal premiums on its in-force block of approximately 126,000 policies. Through its subsidiaries, AFG is engaged in a range of other operations, including commercial real estate operations in Cincinnati (office buildings and The Cincinnatian Hotel); Whitefield, New Hampshire (Mountain View Grand Resort); Chesapeake Bay (Skipjack Cove Yachting Resort and Bay Bridge Marina); Charleston (Charleston Harbor Resort and Marina); Palm Beach (Sailfish Marina and Resort); greater Chicago (KeyLime Cove Indoor Waterpark Resort), and apartments in Pittsburgh.

The Company competes with Alleghany Corp., American International Group Inc., American National Insurance Company, AmTrust Financial Services, Inc., Arch Capital Group Ltd., Baldwin & Lyons, Inc., Chubb Ltd., Cincinnati Financial Corp., CNA Financial Corp., Fairfax Financial Holdings Ltd., The Hartford Financial Services Group, Inc., Ironshore Insurance Ltd., Lancer Insurance Company, Liberty Mutual, Markel Corp., Munich Re Group, RLI Corp., The Travelers Companies Inc., Tokio Marine Holdings, Inc., W.R. Berkley Corp., XL Group Plc, Zurich Financial Services Group, Allianz Life Insurance Company of North America, American Equity Investment Life Holding Company, American International Group Inc., Apollo Global Management, Global Atlantic Financial Group Ltd., Lincoln National Corp., MetLife, Inc., Nationwide Mutual Insurance Company, Pacific Life Insurance Company, Symetra Financial Corp. and Voya Financial.

Company Address

American Financial Group Inc

301 E 4th St
CINCINNATI   OH   45202-4245
P: +1513.5792121
F: +1513.3529230

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