# American Financial Group > Specialty property and casualty insurance leader with 150\+ years of underwriting expertise\. ## At a glance | Field | Value | | --- | --- | | Category | Specialty Solutions | | Type | Carrier | | Region | NA | | Headquarters | Cincinnati, Ohio, USA | | Founded | 1959 | | Stage | Enterprise | | Employees | 1000+ | ## Overview American Financial Group, Inc. (NYSE: AFG) is a publicly traded specialty insurance holding company headquartered in Cincinnati, Ohio. Founded in 1959 as a holding company, AFG's insurance operations trace their roots to 1872 with the founding of Great American Insurance Company. Through its Great American Insurance Group subsidiary, AFG operates more than 35 diversified specialty property and casualty insurance businesses serving commercial customers across the United States and internationally. For full year 2025, AFG reported net written premiums of approximately USD 7.11 billion, a GAAP combined ratio of 91.0%, and core net operating earnings of USD 10.29 per diluted share -- representing a core operating return on equity of 18.2%. Net earnings for 2025 were USD 10.08 per diluted share. Total assets stand at approximately USD 32.7 billion. The company employs approximately 8,700 people across roughly 75 office locations worldwide, with international branches in Canada, Mexico, Singapore, and Europe. AFG returned over USD 700 million to shareholders in 2025 through special dividends, regular dividends, and share repurchases. AFG's Specialty P&C operations have been rated A+ (Superior) by AM Best for over 115 years, reflecting exceptional financial strength and underwriting discipline. The Lindner family maintains significant ownership through co-CEOs Carl H. Lindner III and S. Craig Lindner, who continue the family's stewardship of the company since Carl Lindner Jr. acquired it in 1973. For 2026, AFG has guided to core operating EPS of approximately USD 11.00 and NWP growth of 3-5%. ## Products & services ### Property and Transportation Coverage for commercial property, inland marine and transport, agricultural/crop insurance, and specialty equipment. **Key Lines:** **Key features:** - Crop and agricultural insurance - Commercial property - Inland marine and transport - Specialty equipment \-\- physical damage and liability ### Specialty Casualty Executive and professional liability, environmental, and specialty casualty coverages across diverse niche markets. **Key Lines:** **Key features:** - Executive liability \(D&O, E&O, fiduciary\) - Cyber liability - Environmental liability - Workers compensation - Healthcare professional liability - Equine insurance - Sports and wellness liability \(via Novacore collaboration, January 2026\) - General and commercial liability ### Specialty Financial Fidelity, surety, trade credit, and financial institution coverages. **Key Lines:** **Key features:** - Fidelity and crime - Surety bonds - Trade credit insurance - Financial institutions coverage - M&A liability ### Embedded and Digital Insurance Great American's dedicated embedded insurance team provides flexible, customizable specialty commercial and personal lines products for hundreds of niche industries via APIs and other embedded technology platforms. In early 2026, Great American entered the travel insurance market by partnering with Faye, underwriting AI-powered travel protection plans available through Faye's website, app, and travel advisor network. ## Category & focus - Subcategories: Specialty P&C, Executive Liability, Agribusiness, Transportation, Surety, Embedded Insurance, Travel Insurance - Insurance verticals: P&C Commercial, Specialty/E&S, Workers Compensation - Target customers: Carriers, Brokers, MGAs/MGUs, Agents/Agencies ## Links - Website: - Directory profile: - Careers: - Ratings: - About us: - Press/news: - Annual reports: - Investor relations: - Great american insurance: --- *Last updated: 2026\-05\-11*