AFG

American Financial Group, Inc. is a holding company operating through its subsidiaries in the property and casualty insurance industry. The company provides specialized insurance products for businesses and individuals through two primary segments: Property and Casualty Insurance (specialty lines including excess and surplus, transportation, crop, and property coverages) and Annuity (fixed indexed annuities and other retirement products through Great American Life). AFG focuses on niche insurance markets where it can leverage underwriting expertise and achieve superior returns. The company's specialty insurance operations target markets such as agricultural, commercial transportation, entertainment, and environmental insurance. AFG maintains conservative underwriting discipline, emphasizing profitability over market share. Founded through the combination of various insurance operations and headquartered in Cincinnati, Ohio, American Financial Group is controlled by the Lindner family. The company benefits from specialized market knowledge, disciplined risk selection, and diversified product offerings. AFG generates investment income from its insurance float and returns capital to shareholders through dividends and repurchases while maintaining strong capitalization and underwriting results.