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From Wikipedia, the free encyclopedia
American insurance and investments company
American Financial Group, Inc.
American Financing
TypePublic
IndustryFinancial services
Founded1872; 154 years ago (1872)
HeadquartersCincinnati, Ohio, U.S.
Key people
Carl H. Lindner, founder
S. Craig Lindner, co-CEO,
co-president and director
Carl H. Lindner III co-CEO,
co-president and director
ProductsInsurance
RevenueDecrease US$8.17 billion (2025)[1]
Decrease US842 million (2025)[1]
Total assetsIncrease US$32.64 billion (2025)[1]
Total equityIncrease US$4.82 billion (2025)[1]
Number of employees
Increase 8,500[2] (2025)
Websiteafginc.com

American Financial Group, Inc. is an American financial services holding company headquartered in Cincinnati, Ohio.[2] Its primary businesses are insurance and investments.

Lines of business

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American Financial Group's major insurance division operates as Great American Insurance, founded in 1872, and focuses on property and casualty insurance services. Other affiliates and subsidiaries include Great American Custom, Mid-Continent Group, National Interstate, and Republic Indemnity. Insurance specialties also include equine, trucking, executive liability, fidelity and crime, and agribusiness. Great American Financial Resources is a wholly owned subsidiary of American Financial Group and supplies a range of annuities, life insurance products and supplemental insurances to individuals and enterprises.

The parent company, AFG, is owned principally by the family of financier Carl Lindner, Jr., who bought the company in 1973 and served as its chairman until his death in 2011. The senior Lindner's sons, Carl H. Lindner III and S. Craig Lindner serve as co-chief executive officer.

History

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American Financial Group was ranked 486th on the Fortune 500 list in 2004. Through the years American Financial Group has owned a number of subsidiaries, real estate properties, and companies, including The Mountain View Grand Resort & Spa in Whitefield, New Hampshire, The Cincinnatian in Cincinnati, Ohio, The Biltmore in Coral Gables, Florida, Le Pavillon in New Orleans, Louisiana, and the Charleston Harbor Resort and Marina in Charleston, South Carolina. Great American Insurance Group partnered with the Cincinnati Reds baseball team to purchase naming rights for Great American Ball Park upon its opening in 2003.[3]

On December 6, 2006, American Financial sold assets acquired from successors to the dissolution of the Penn Central Railroad including the land under Grand Central Terminal and the 156 miles (251 km) of Metro North track leading to the New York City landmark to Argent Ventures. The company announced in December 2007 that it would combine its offices and move its headquarters to the brand new Great American Insurance Building at Queen City Square in 2011.[citation needed]

American Financial Group was one of the first publicly traded Fortune 500 companies to make political donations after corporations' freedom of speech rights were expanded to include donations as a result of the Citizens United v. FEC decision. Carl Lindner, Jr is a longtime top Republican donor, donating millions of his personal income to candidates and political action committees,[4] which sent ripples in campaign finance circles during the 2010 mid-term elections. American Financial, of which Lindner has a non-majority 42% share, donated $400,000 to the Republican-allied PAC American Crossroads.[5]

See also

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References

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  1. 1 2 3 4 "American Financial Group, Inc. Common Stock (AFG) Financials". Retrieved 2026-06-21.
  2. 1 2 "American Financial Group". Fortune. Retrieved 2026-06-21.
  3. Stupp, Dann (2003). Opening day at Great American Ball Park. [Champaign, Ill.]: Sports Pub. p. 10. ISBN 1-58261-724-4. OCLC 54377911.
  4. "Carl H. Lindner, Jr". Retrieved 20 December 2014.
  5. "New 'Super Pacs' bringing millions into campaigns". The Washington Post. Retrieved 20 December 2014.
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