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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
$3.59B+1.3%
The Hartford Financial Services Group logo
The Hartford Financial Services GroupHIG
$1.39B+8.3%
Chubb logo
ChubbCB
$10.45B+19.1%
American International Group logo
American International GroupAIG
$2.13B+5.9%
Cincinnati Financial logo
Cincinnati FinancialCINF
$1.38B+6.7%

Other financials

Income statement

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Revenue$1.9B-0.1%
Operating income$239.0M+21.3%
Net income$191.0M+24.0%
EPS (diluted)$2.29+24.5%

Balance sheet

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Cash & equivalents$1.4B+6.0%
Total debt$2.0B+19.3%
Total equity$4.7B+6.5%
Total assets$32.4B+6.8%

Cash flow

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Operating cash flow$474.0M+38.6%

Valuation

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Market cap$11.04B-3.6%
Enterprise value$11.72B-1.2%
P/E12.6×-1.8×
P/S1.4×0.0×

Profitability

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Operating margin13.6%+1.4pp
Net margin10.8%+1.1pp

Returns & leverage

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Return on equity19.4%+0.9pp
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 official record: American Financial Group’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Financial Group's deferred policy acquisition costs?
American Financial Group (AFG) reported deferred policy acquisition costs of $334M in Q1 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 5.7% year-over-year, from $316M to $334M.
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?
Upfront costs of selling insurance policies that are spread out over the life of the policy.
How do you interpret deferred policy acquisition costs?
An increase often reflects aggressive growth in new business, while a decrease may indicate a slowdown in new policy acquisition.
How does deferred policy acquisition costs compare across companies?
Common in insurance; ratios of DAC to premiums are used to assess acquisition efficiency.