What are American Financial Group's total assets?

American Financial Group (AFG) holds $32.4B in total assets, up 6.8% year over year.

How much debt does American Financial Group have?

American Financial Group carries $2.0B in total debt against $4.7B of shareholders' equity, a debt-to-equity ratio of 0.43.

How much cash does American Financial Group have?

American Financial Group holds $1.4B in cash and equivalents.

Where does American Financial Group's balance sheet data come from?

Every line is extracted from American Financial Group's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

American Financial Group AFG Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Cash and cash equivalents	$1.73B+22.8%	$1.41B+14.8%	$1.23B+40.5%	$872M-59.1%
Derivative assets	$54M-34.1%	$82M-5.7%	$87M+118%	$40M-32.2%
Prepaid reinsurance premiums	$1.09B+7.5%	$1.01B+5.4%	$961M+4.8%	$917M+10.0%
Premiums receivable	$1.64B+7.1%	$1.53B+4.1%	$1.47B+9.9%	$1.34B+5.8%
Operating lease right-of-use assets	5.3%0.0%	5.3%+0.2%	5.1%+1.1%	4%-11,799,999,996%
Goodwill	$327M+7.2%	$305M0.0%	$305M+24.0%	$246M0.0%
Intangible assets, net	$189M-6.9%	$203M-4.7%	$213M+97.2%	$108M+1.9%
Deferred tax assets	$492M+6.3%	$463M+5.5%	$439M+14.6%	$383M0.0%
Other non-current assets	$1.28B-6.9%	$1.38B+2.2%	$1.35B+10.4%	$1.22B+35.1%
Equity method investments	$2.42B+6.3%	$2.28B+25.5%	$1.81B+6.7%	$1.7B+12.1%
Available-for-sale securities	$11.05B+6.3%	$10.4B+0.2%	$10.38B+2.8%	$10.1B-2.5%
Allowance for credit losses	$21M-38.2%	$34M+183%	$12M+9.1%	$11M+22.2%
Equity securities	$785M+4.5%	$751M-26.2%	$1.02B+0.8%	$1.01B-3.1%
Mortgage loans	$947M+19.7%	$791M+23.0%	$643M-4.9%	$676M+30.0%
Deferred policy acquisition costs	$333M+4.1%	$320M+3.6%	$309M+7.3%	$288M+7.9%
Reinsurance recoverables	$5.53B+6.8%	$5.18B+15.6%	$4.48B+12.6%	$3.98B+13.0%
Accumulated depreciation	$75M+27.1%	$59M+51.3%	$39M+62.5%	$24M-64.2%
Total assets	$32.64B+5.9%	$30.84B+3.5%	$29.79B+3.3%	$28.83B-0.3%
Current portion of long-term debt	$0—	$0—	$0—	$0—
Operating lease liabilities, current	$216M-6.9%	$232M+17.2%	$198M+70.7%	$116M-14.7%
Unearned premiums	$3.74B+4.2%	$3.58B+3.9%	$3.45B+6.3%	$3.25B+6.7%
Reinsurance balances payable	$1.2B+0.3%	$1.19B+0.4%	$1.19B+14.6%	$1.04B+12.5%
Deferred tax liabilities	$479M+33.4%	$359M+18.5%	$303M+98.0%	$153M-50.2%
Long-term debt	$1.82B+23.4%	$1.48B0.0%	$1.48B-1.4%	$1.5B-23.8%
Operating Lease Liabilities (Total)	$216M-6.9%	$232M+17.2%	$198M+70.7%	$116M-14.7%
Other non-current liabilities	$2.07B+4.8%	$1.98B-2.3%	$2.02B+19.3%	$1.7B-0.2%
Reserve for insurance claims	$15.09B+6.5%	$14.18B+8.3%	$13.09B+9.3%	$11.97B+8.1%
Total liabilities	$3.91B-1.8%	$3.99B-8.0%	$4.33B-19.8%	$5.4B+3.0%
Common stock	200M0.0%	200M0.0%	200M0.0%	200M0.0%
Additional paid-in capital	$1.43B+1.3%	$1.41B+2.8%	$1.37B+0.3%	$1.37B+2.9%
Retained earnings	$3.36B+4.5%	$3.21B+2.9%	$3.12B-0.7%	$3.14B-9.7%
Accumulated other comprehensive income (loss)	-$50M+79.2%	-$240M+24.8%	-$319M+41.3%	-$543M-556%
Total stockholders' equity	$4.82B+7.9%	$4.47B+4.9%	$4.26B+5.1%	$4.05B-19.2%
Total liabilities and stockholders' equity	$32.64B+5.9%	$30.84B+3.5%	$29.79B+3.3%	$28.83B-0.3%
Available-for-Sale Debt Securities - Amortized Cost	$11.1B+3.9%	$10.69B-0.6%	$10.75B+0.1%	$10.74B+5.3%
Other Receivables	$1.21B+7.9%	$1.12B-4.1%	$1.17B+32.2%	$886M+3.4%
Deferred Tax Assets and Other Non-Current Assets	$29M+45.0%	$20M-13.0%	$23M-4.2%	$24M-7.7%
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)	$18M0.0%	$18M-10.0%	$20M+81.8%	$11M-15.4%
Finite-Lived Intangible Assets - Expected Amortization Expense (Year Five)	$93M-13.1%	$107M-9.3%	$118M+127%	$52M+26.8%
Investments - Amortized Cost Basis	$11.1B+3.9%	$10.69B-0.6%	$10.75B+0.1%	$10.74B+5.3%
Net Investment in Lease	$198M-6.6%	$212M+20.5%	$176M+70.9%	$103M-12.7%
Intangible assets — net	$189M-6.9%	$203M-4.7%	$213M+97.2%	$108M+1.9%
Investments and Cash	$17.18B+8.4%	$15.85B+3.9%	$15.26B+5.2%	$14.51B-7.8%
Operating lease right-of-use assets	$198M-6.6%	$212M+20.5%	$176M+70.9%	$103M-12.7%
Other Assets	$1.28B-6.9%	$1.38B+2.2%	$1.35B+10.4%	$1.22B+35.1%
Trading account securities	$91M+19.7%	$76M+33.3%	$57M+78.1%	$32M+14.3%
Assets of managed investment entities	$4.05B-2.2%	$4.14B-7.7%	$4.48B-17.7%	$5.45B—
Operating Lease Right-of-Use Assets in Other Assets	$198M-6.6%	$212M+20.5%	$176M+70.9%	$103M-12.7%
Other Investments	$159M+3.9%	$153M+18.6%	$129M+1.6%	$127M-15.3%
Tax Credit Carryforward Valuation Allowance	$12M+9.1%	$11M-21.4%	$14M-12.5%	$16M-36.0%
Liability for Claims and Claims Adjustment Expense	$15.09B+6.5%	$14.18B+8.3%	$13.09B+9.3%	$11.97B+8.1%
Derivative Liabilities - Fair Value	$3M-83.3%	$18M-18.2%	$22M-47.6%	$42M—
Lease Liability Payments - Remainder of Fiscal Year	$39M-2.5%	$40M+8.1%	$37M+2.8%	$36M-5.3%
Debt Maturity - 2024	——	——	——	——
Debt Maturity - 2027	$0—	$0—	$0—	$0—
Debt Maturity - Thereafter	$1.6B—	——	$1.5B-1.3%	$1.52B-3.2%
Debt - Unamortized Discount (Premium) and Issuance Costs, Net	$28M+21.7%	$23M0.0%	$23M-8.0%	$25M-13.8%
Deferred Tax Liabilities - Investments	$324M+39.1%	$233M+31.6%	$177M+240%	$52M-74.0%
Deferred Tax Liabilities - Leasing Arrangements	$37M-11.9%	$42M+16.7%	$36M—	——
Total debt	$2.04B+19.3%	$1.71B+2.0%	$1.67B+3.8%	$1.61B-23.2%
Total Carrying Value of Debt	$1.85B+23.4%	$1.5B0.0%	$1.5B-1.5%	$1.52B-23.7%
Common Stock Shares Issued	83.4M—	——	——	——
Additional paid-in capital	$1.43B+1.3%	$1.41B+2.8%	$1.37B+0.3%	$1.37B+2.9%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$83M-1.2%	$84M0.0%	$84M-1.2%	$85M0.0%
Share-Based Payment Award Options Outstanding - Number	0-100%	18.9K-87.1%	146.7K-39.8%	243.6K-41.3%
Cumulative Cost Basis	$11.1B+3.9%	$10.69B-0.6%	$10.75B+0.1%	$10.74B+5.3%
Fair Value Measurement Disclosure	$3M+50.0%	$2M0.0%	$2M-92.0%	$25M+8.7%
Gross Assets/Liabilities	$3M-83.3%	$18M-18.2%	$22M-47.6%	$42M—
Assets held by insurance regulators	$1.23B+7.0%	$1.15B-5.7%	$1.22B+8.9%	$1.12B-8.9%
Total	$11.1B+3.9%	$10.69B-0.6%	$10.75B+0.1%	$10.74B+5.3%
Available for sale investments	$11.05B+6.3%	$10.4B+0.2%	$10.38B+2.8%	$10.1B-2.5%
Carrying Amount Of Variable Interest Entity Loans In Default	$0-100%	$3M-57.1%	$7M+75.0%	$4M-55.6%
Common stock, no par value (in dollars per share)	$0.00—	$0.00—	$0.00—	$0.00—
Common stock, shares authorized (in shares)	$200M0.0%	$200M0.0%	$200M0.0%	$200M0.0%
Common stock, shares issued (in shares)	$83.42M—	——	——	——
Common Stock, Shares, Outstanding	$83.42M-0.7%	$83.98M+0.4%	$83.64M-1.8%	$85.2M+0.3%
Long-term debt, gross	$1.85B+23.4%	$1.5B0.0%	$1.5B-1.5%	$1.52B-23.7%
Debt Securities, Available-for-Sale, Allowance for Credit Loss	$21M-38.2%	$34M+183%	$12M+9.1%	$11M+22.2%
Deferred Tax Liabilities, Gross	$479M+33.4%	$359M+18.5%	$303M+98.0%	$153M-50.2%
Deferred Tax Assets, Gross	$504M+6.3%	$474M+4.6%	$453M+13.5%	$399M-2.2%
Lease liabilities	$41M-8.9%	$45M+18.4%	$38M—	——
Deferred Tax Assets, Net	$13M-87.5%	$104M-23.5%	$136M-40.9%	$230M+203%
Deferred Tax Assets, Net of Valuation Allowance	$492M+6.3%	$463M+5.5%	$439M+14.6%	$383M0.0%
U.S. federal, state and foreign net operating loss, credit carryforwards and other carryforwards	$8M+300%	$2M0.0%	$2M0.0%	$2M-83.3%
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits	$117M+2.6%	$114M+2.7%	$111M+2.8%	$108M-3.6%
Life policy reserves	$300M+6.0%	$283M+5.2%	$269M+5.5%	$255M+2.4%
Deferred Tax Assets, Valuation Allowance	$12M+9.1%	$11M-21.4%	$14M-12.5%	$16M-36.0%
Deferred tax liabilities, deferred acquisition costs	$76M+4.1%	$73M+4.3%	$70M+6.1%	$66M+8.2%
Deferred Tax Liabilities, Discounted Insurance Claims and Reserves Transition Adjustment	$0-100%	$4M-50.0%	$8M-33.3%	$12M—
Deferred Tax Liabilities, Real Estate, Property and Equipment	$42M+500%	$7M-41.7%	$12M-47.8%	$23M-20.7%
Derivative Liability	$3M-83.3%	$18M-18.2%	$22M-47.6%	$42M—
Difference Between Aggregate Unpaid Principal Balance And Fair Value Of Variable Interest Entity Investments	$77M+16.7%	$66M-39.4%	$109M-67.8%	$339M+371%
Difference Between Aggregate Unpaid Principal Balance And Carrying Value Of Variable Interest Entity Debt	-$13M+63.9%	-$36M—	——	——
Difference Between Aggregate Unpaid Principal Balance And Fair Value Of Variable Interest Entity Debt	-$13M-108%	$172M-32.0%	$253M-38.7%	$413M+121%
Dividends payments without violating the most restrictive debt covenants, minimum	$1.8B+11.1%	$1.62B+8.0%	$1.5B+50.0%	$1B0.0%
Equity method investments (Note 11)	$2.42B+6.3%	$2.28B+25.5%	$1.81B+6.7%	$1.7B+12.1%
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value	$1.01B-8.0%	$1.1B-10.9%	$1.23B+11.6%	$1.1B+19.0%
Finite-Lived Intangible Assets, Accumulated Amortization	$75M+27.1%	$59M+51.3%	$39M+62.5%	$24M-64.2%
2028	$22M+10.0%	$20M+5.3%	$19M+72.7%	$11M-15.4%
2030	$18M0.0%	$18M-10.0%	$20M+81.8%	$11M-15.4%
2031	$17M0.0%	$17M0.0%	$17M+41.7%	$12M-7.7%
2027	$20M0.0%	$20M0.0%	$20M+81.8%	$11M-15.4%
2029	$19M-9.5%	$21M+10.5%	$19M+72.7%	$11M-15.4%
Finite Lived Intangible Assets Amortization Expense After Year Five	$93M-13.1%	$107M-9.3%	$118M+127%	$52M+26.8%
Internally developed level 3 assets	$883M-5.3%	$932M+21.8%	$765M—	——
Level 3 assets as a percentage of total assets measured at fair value	6%-1.0%	7%-1.0%	8%+1.0%	7%+1.0%
Level 3 assets as a percentage of total assets measured at fair value	——	——	——	——
Level 3 assets that were priced using a discounted cash flow approach	$614M-5.1%	$647M+22.5%	$528M+25.7%	$420M+36.8%
Level 3 assets that were priced using financial information from third parties	$91M-22.9%	$118M—	——	——
Level 3 assets that were priced using non-binding broker quotes or pricing services	$34M-26.1%	$46M—	——	——
Level 3 assets that were priced using unobservable internal models and third party inputs	$269M-5.6%	$285M—	——	——
Liability for Unpaid Claims and Claims Adjustment Expense, Net	$9.79B+6.1%	$9.22B+4.8%	$8.8B+7.2%	$8.21B+7.2%
2028	$0—	$0—	$0—	$0—
2029	$0—	$0—	$0—	$0—
2029	$253M—	$0—	$0—	$0-100%
2030	$0—	$0—	$0—	$0—
Thereafter	$1.6B—	——	$1.5B-1.3%	$1.52B-3.2%
2027	$0—	$0—	$0—	$0—
Remainder of 2026	——	——	——	——
AFG's internal investment professionals	——	——	——	——
Other receivables	$1.21B+7.9%	$1.12B-4.1%	$1.17B+32.2%	$886M+3.4%
Percentage (based on fair value) of available for sale fixed maturities that are in unrealized loss position and rated investment grade	——	——	——	——
Percentage (based on unrealized loss) of available for sale fixed maturities that are in unrealized loss position and rated investment grade	——	——	——	——
Percentage of internally developed level 3 assets compared to total level 3 assets	88%+3.0%	85%+23.0%	62%—	——
Percentage of level 3 assets that were priced using financial information from third parties	9%-2.0%	11%—	——	——
Percentage of level 3 assets that were priced using a discounted cash flow approach	70%+1.0%	69%0.0%	69%+7.0%	62%+7.0%
Percentage of level 3 assets that were priced using non-binding broker quotes or pricing services	3%-1.0%	4%—	——	——
Insurance and reinsurance balances receivable, valuation allowance	$20M+5.3%	$19M+26.7%	$15M+87.5%	$8M0.0%
Reinsurance recoverable on unpaid losses and loss expenses	$5.31B+7.0%	$4.96B+15.6%	$4.29B+13.8%	$3.77B+10.2%
Valuation allowance for uncollectible reinsurance	$10M-9.1%	$11M+10.0%	$10M+25.0%	$8M0.0%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	$0-100%	$18.93K-87.1%	$146.65K-39.8%	$243.6K-41.3%
Deferred acquisition costs	$333M+4.1%	$320M+3.6%	$309M+7.3%	$288M+7.9%
Claims and claim adjustment expense reserves	$15.09B+6.5%	$14.18B+8.3%	$13.09B+9.3%	$11.97B+8.1%
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information, Unearned Premium	$3.74B+4.2%	$3.58B+3.9%	$3.45B+6.3%	$3.25B+6.7%
Commitments to fund credit facilities and limited partnerships	$616M+6.6%	$578M+12.7%	$513M+7.1%	$479M-4.0%
Unfunded commitments to limited partnerships	$456M-0.2%	$457M+9.3%	$418M+5.6%	$396M+8.2%
Liabilities of managed investment entities	$3.91B-1.5%	$3.97B-7.9%	$4.31B-19.2%	$5.33B—
Remainder of Fiscal Year 2024	——	——	——	——

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about American Financial Group.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

What are American Financial Group's total assets?: American Financial Group (AFG) holds $32.4B in total assets, up 6.8% year over year.
How much debt does American Financial Group have?: American Financial Group carries $2.0B in total debt against $4.7B of shareholders' equity, a debt-to-equity ratio of 0.43.
How much cash does American Financial Group have?: American Financial Group holds $1.4B in cash and equivalents.
Where does American Financial Group's balance sheet data come from?: Every line is extracted from American Financial Group's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.