QFI On Other Exchanges
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New York
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Company Description

Contact Info

Great American Insurance Group Tower

301 East Fourth Street

Cincinnati, OH 45202

United States

Phone: 513-579-2121

Fax:

American Financial Group, Inc., through its subsidiaries, provides property and casualty insurance (P&C) products in the United States. The company focuses on specialized commercial products for businesses, and in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets. Segments The company’s segments include P&C, Annuity, and Other. P&C This segment provides a range of commercial coverages through approximately 30 niche insurance businesses that make up the Great American Insurance Group. Inland and Ocean Marine: The company provides coverage primarily for builders’ risk, contractors’ equipment, property, motor truck cargo, marine cargo, boat dealers, marina operators/dealers, and excursion vessels. Agricultural-Related: The company 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. Agricultural-Related: The company 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: The company provides coverage for vehicles (such as buses and trucks) in a broad range of businesses, including the moving and storage and transportation industries, and a specialized physical damage product for the trucking industry. Specialty Casualty Executive and Professional Liability: The company markets coverage for directors and officers of businesses and non-profit organizations; errors and omissions; mergers and acquisitions; and provides medical malpractice insurance. Umbrella and Excess Liability: The company provides liability coverage in excess of primary layers. Excess and Surplus: The company provides liability, umbrella and excess coverage for volatile or hard to place risks, using rates and forms that generally do not have to be approved by state insurance regulators. General Liability: The company provides coverage for contractor-related businesses, energy development and production risks, and environmental liability risks. Targeted Programs: Includes coverage (primarily liability and property) for social service agencies, leisure, entertainment and non-profit organizations, customized solutions for other targeted markets and alternative risk programs using agency captives. Workers’ Compensation: The company provides coverage for prescribed benefits payable to employees who are injured on the job. Specialty Financial Fidelity and Surety: The company provides fidelity and crime coverage for government, mercantile and financial institutions and surety coverage for various types of contractors and public and private corporations. Lease and Loan Services: The company provides coverage for insurance risk management programs for lending and leasing institutions, including equipment leasing and collateral and lender-placed mortgage property insurance. Approximately 5% of the company’s direct written premiums in 2015 were derived from non U.S.-based insurers, primarily Marketform Group, Limited, a United Kingdom-based Lloyd’s insurer. Marketing The P&C group directs its sales efforts primarily through independent insurance agents and brokers, although small portions are written through employee agents. Independent agents and brokers generally receive a commission on the sale of each policy. Annuity This 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. Annuity contracts are generally classified as either fixed rate (including fixed-indexed) or variable. The company purchases call options designed to substantially offset the effect of the index participation in the liabilities associated with fixed-indexed annuities. As an ancillary product in its education market, the company offers a limited amount of variable annuities. Marketing The company sells its single premium annuities, excluding financial institution production, primarily through a retail network of approximately 60 national marketing organizations (NMOs) and managing general agents (MGAs) who, in turn, direct approximately 1,400 actively producing agents. The company also sells single premium annuities in financial institutions through direct relationships with certain financial institutions and through independent agents and brokers. The company is licensed to sell its fixed annuity products in all states except New York; it is licensed to sell its variable products in all states except New York and Vermont. As of December 31, 2015, AFG had approximately 490,000 annuity policies in force. Other This segment engages in various other operations, such as 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’s bond portfolio is invested primarily in taxable bonds. Regulations Marketform Group, Limited, the company’s UK-based Lloyd’s insurer, is subject to regulation by the European Union’s executive body, the European Commission. History American Financial Group, Inc. was founded in 1872.

 

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Industry Average

Valuation QFI Industry Range
Price/Earnings 19.2x
Price/Sales 1.0x
Price/Book 1.3x
Price/Cash Flow 18.8x
TEV/Sales 0.4x
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