American Financial Group, Inc.

One East Fourth Street

Cincinnati, Ohio 45202
(513) 579-2121
www.amfnl.com

Sales

$3.4 billion

Business Description

American Financial Group, Inc. ("AFG") is a holding company which, through subsidiaries, is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of retirement annuities, life, and supplemental health insurance products.

Products Groups Include:

Property & Casualty

The Property and Casualty group of the company operates in a highly competitive industry that is affected by many factors which can cause significant fluctuations in its results of operations. The industry has historically been subject to pricing cycles characterized by periods of intense competition and lower premium rates (a "downcycle") followed by periods of reduced competition, reduced underwriting capacity due to lower policyholders' surplus and higher premium rates (an "upcycle"). After being in an extended downcycle for over a decade, the property and casualty insurance industry has experienced significant market firming and price increases in certain specialty markets.

Inland and Ocean Marine
Provides coverage primarily for marine cargo, boat dealers, marina operators/dealers, excursion vessels, builder's risk, contractor's equipment, excess property and motor truck cargo.


Agricultural-related
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.


Commercial Automobile
Markets customized insurance programs for various transportation operations (such as busses and trucks), and a specialized physical damage product for the trucking industry.

Specialty Casualty

Executive and Professional Liability
Markets coverage for attorneys, architects and engineers, and for directors and officers of businesses and not-for-profit organizations.

Umbrella and Excess Liability
Provides higher layer liability coverage in excess of primary layers.

Excess and Surplus
Specially designed insurance products offered to those that can't find coverage in standard markets.

Specialty Financial

Fidelity and Surety Bonds
Provides surety coverage for various types of contractors and public and private corporations and fidelity and crime coverage for government, mercantile and financial institutions.


Collateral Protection
Provides coverage for insurance risk management programs for lending and leasing institutions.

California Workers' Compensation

Workers' Compensation
Writes coverage for prescribed benefits payable to employees (principally in California) who are injured on the job.
 

Business Insurance -  Category Directory

Property & Casualty Insurance - Category Directory