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American Financial Group AFG Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

W.R. Berkley logo
W.R. BerkleyWRB
$1.01B+3.5%
The Travelers Companies logo
The Travelers CompaniesTRV
$3.71B+1.3%
The Hartford Financial Services Group logo
The Hartford Financial Services GroupHIG
$1.46B+7.5%
Chubb logo
ChubbCB
$10.45B+19.1%
American International Group logo
American International GroupAIG
$2.22B+3.1%
Selective Insurance Group logo
Selective Insurance GroupSIGI
$484.59M-5.1%

Other financials

Income statement

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Revenue$2.0B+5.5%
Operating income$316.0M+38.0%
Net income$248.0M+42.5%
EPS (diluted)$2.99+44.4%

Balance sheet

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Cash & equivalents$1.4B+13.4%
Total debt$2.0B+19.3%
Total equity$4.8B+6.8%
Total assets$33.0B+7.7%

Cash flow

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Operating cash flow$92.0M-51.8%

Valuation

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Market cap$12.19B+14.3%
Enterprise value$12.78B+15.2%
P/E12.8×-1.2×
P/S1.5×+0.2×

Profitability

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Operating margin14.5%+2.8pp
Net margin11.5%+2.3pp

Returns & leverage

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Return on equity20.4%+3.2pp
Debt / equity0.4×0.0×

Where this comes from

Reported directly by American Financial Group in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired.

The source filing: American Financial Group’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 3:29 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001042046-26-000024
Line itemJune 30,2026December 31,2025
Recoverables from reinsurers5,2675,528
Prepaid reinsurance premiums1,3751,089
Agents’ balances and premiums receivable2,0461,641
Deferred policy acquisition costs366333
Assets of managed investment entities4,1424,050
Other receivables1,1171,212
Other assets1,3251,280
Goodwill327327

ITEM 1. — FINANCIAL STATEMENTS

FAQ

What is American Financial Group's deferred policy acquisition costs?
American Financial Group (AFG) reported deferred policy acquisition costs of $366M in Q2 2026.
How has American Financial Group's deferred policy acquisition costs changed year-over-year?
American Financial Group's deferred policy acquisition costs increased by 6.1% year-over-year, from $345M to $366M.
What is the long-term trend for American Financial Group's deferred policy acquisition costs?
Over 5 years (2020 to 2025), American Financial Group's deferred policy acquisition costs has grown at a 6.4% compound annual growth rate (CAGR), from $244M to $333M.
What does deferred policy acquisition costs mean?
These are the incremental costs directly related to the successful acquisition of new or renewal insurance contracts, such as commissions and underwriting expenses. These costs are capitalized and amortized over the life of the related insurance policies.

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