American Financial Group Inc (AFG) - Net Assets
Based on the latest financial reports, American Financial Group Inc (AFG) has net assets worth $4.82 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($32.64 Billion) and total liabilities ($27.82 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check American Financial Group Inc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.82 Billion |
| % of Total Assets | 14.77% |
| Annual Growth Rate | 0.94% |
| 5-Year Change | -57.42% |
| 10-Year Change | -56.62% |
| Growth Volatility | 16.24 |
American Financial Group Inc - Net Assets Trend (1983–2025)
This chart illustrates how American Financial Group Inc's net assets have evolved over time, based on quarterly financial data. Also explore American Financial Group Inc (AFG) total assets for the complete picture of this company's asset base.
Annual Net Assets for American Financial Group Inc (1983–2025)
The table below shows the annual net assets of American Financial Group Inc from 1983 to 2025. For live valuation and market cap data, see American Financial Group Inc (AFG) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.13 Billion | -52.22% |
| 2024-12-31 | $4.47 Billion | +4.88% |
| 2023-12-31 | $4.26 Billion | +5.08% |
| 2022-12-31 | $4.05 Billion | -19.15% |
| 2021-12-31 | $5.01 Billion | -26.17% |
| 2020-12-31 | $6.79 Billion | +8.29% |
| 2019-12-31 | $6.27 Billion | +26.09% |
| 2018-12-31 | $4.97 Billion | -6.79% |
| 2017-12-31 | $5.33 Billion | +8.44% |
| 2016-12-31 | $4.92 Billion | +3.12% |
| 2015-12-31 | $4.77 Billion | -5.62% |
| 2014-12-31 | $5.05 Billion | +5.98% |
| 2013-12-31 | $4.77 Billion | +0.44% |
| 2012-12-31 | $4.75 Billion | +4.19% |
| 2011-12-31 | $4.56 Billion | -1.36% |
| 2010-12-31 | $4.62 Billion | +17.89% |
| 2009-12-31 | $3.92 Billion | +50.63% |
| 2008-12-31 | $2.60 Billion | -17.30% |
| 2007-12-31 | $3.15 Billion | -2.08% |
| 2006-12-31 | $3.21 Billion | +18.18% |
| 2005-12-31 | $2.72 Billion | +2.59% |
| 2004-12-31 | $2.65 Billion | +17.07% |
| 2003-12-31 | $2.26 Billion | +3.04% |
| 2002-12-31 | $2.20 Billion | +12.48% |
| 2001-12-31 | $1.95 Billion | -5.03% |
| 2000-12-31 | $2.06 Billion | +12.43% |
| 1999-12-31 | $1.83 Billion | -18.26% |
| 1998-12-31 | $2.24 Billion | +2.86% |
| 1997-12-31 | $2.18 Billion | +6.19% |
| 1996-12-31 | $2.05 Billion | +16.77% |
| 1995-12-31 | $1.75 Billion | +12.84% |
| 1994-12-31 | $1.55 Billion | -10.50% |
| 1993-12-31 | $1.74 Billion | +14.35% |
| 1992-12-31 | $1.52 Billion | +1.50% |
| 1991-12-31 | $1.50 Billion | -9.90% |
| 1990-12-31 | $1.66 Billion | -9.91% |
| 1989-12-31 | $1.84 Billion | +4.20% |
| 1988-12-31 | $1.77 Billion | +6.82% |
| 1987-12-31 | $1.66 Billion | -20.81% |
| 1986-12-31 | $2.09 Billion | +14.58% |
| 1985-12-31 | $1.83 Billion | +12.78% |
| 1984-12-31 | $1.62 Billion | +12.35% |
| 1983-12-31 | $1.44 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to American Financial Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 920.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.36 Billion | 69.65% |
| Common Stock | $83.00 Million | 1.72% |
| Other Comprehensive Income | $-50.00 Million | -1.04% |
| Other Components | $1.43 Billion | 29.67% |
| Total Equity | $4.82 Billion | 100.00% |
American Financial Group Inc Competitors by Market Cap
The table below lists competitors of American Financial Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Penske Automotive Group Inc
NYSE:PAG
|
$10.94 Billion |
|
Wynn Resorts Limited
NASDAQ:WYNN
|
$10.94 Billion |
|
YANGTZE OPT.FIB.AND CAB.H
F:1YO
|
$10.94 Billion |
|
Assurant Inc
NYSE:AIZ
|
$10.94 Billion |
|
Samsara Inc
NYSE:IOT
|
$10.92 Billion |
|
Sichuan Chuantou Energy Co Ltd
SHG:600674
|
$10.92 Billion |
|
Godaddy Inc
NYSE:GDDY
|
$10.91 Billion |
|
NIO INC. CL. A DL -00025
F:N3I
|
$10.88 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in American Financial Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,466,000,000 to 4,820,000,000, a change of 354,000,000 (7.9%).
- Net income of 842,000,000 contributed positively to equity growth.
- Dividend payments of 606,000,000 reduced retained earnings.
- Share repurchases of 99,000,000 reduced equity.
- New share issuances of 12,000,000 increased equity.
- Other comprehensive income increased equity by 190,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $842.00 Million | +17.47% |
| Dividends Paid | $606.00 Million | -12.57% |
| Share Repurchases | $99.00 Million | -2.05% |
| Share Issuances | $12.00 Million | +0.25% |
| Other Comprehensive Income | $190.00 Million | +3.94% |
| Other Changes | $15.00 Million | +0.31% |
| Total Change | $- | 7.93% |
Book Value vs Market Value Analysis
This analysis compares American Financial Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.28x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 11.25x to 2.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1983-12-31 | $11.71 | $131.64 | x |
| 1984-12-31 | $12.13 | $131.64 | x |
| 1985-12-31 | $15.17 | $131.64 | x |
| 1986-12-31 | $17.47 | $131.64 | x |
| 1987-12-31 | $14.04 | $131.64 | x |
| 1988-12-31 | $16.67 | $131.64 | x |
| 1989-12-31 | $17.36 | $131.64 | x |
| 1990-12-31 | $17.83 | $131.64 | x |
| 1991-12-31 | $20.10 | $131.64 | x |
| 1992-12-31 | $21.27 | $131.64 | x |
| 1993-12-31 | $33.92 | $131.64 | x |
| 1994-12-31 | $21.23 | $131.64 | x |
| 1995-12-31 | $20.00 | $131.64 | x |
| 1996-12-31 | $16.84 | $131.64 | x |
| 1997-12-31 | $18.21 | $131.64 | x |
| 1998-12-31 | $18.40 | $131.64 | x |
| 1999-12-31 | $14.84 | $131.64 | x |
| 2000-12-31 | $17.51 | $131.64 | x |
| 2001-12-31 | $14.65 | $131.64 | x |
| 2002-12-31 | $16.87 | $131.64 | x |
| 2003-12-31 | $19.42 | $131.64 | x |
| 2004-12-31 | $21.67 | $131.64 | x |
| 2005-12-31 | $20.86 | $131.64 | x |
| 2006-12-31 | $24.31 | $131.64 | x |
| 2007-12-31 | $24.72 | $131.64 | x |
| 2008-12-31 | $21.34 | $131.64 | x |
| 2009-12-31 | $32.37 | $131.64 | x |
| 2010-12-31 | $40.45 | $131.64 | x |
| 2011-12-31 | $42.87 | $131.64 | x |
| 2012-12-31 | $47.74 | $131.64 | x |
| 2013-12-31 | $50.43 | $131.64 | x |
| 2014-12-31 | $55.54 | $131.64 | x |
| 2015-12-31 | $53.36 | $131.64 | x |
| 2016-12-31 | $55.58 | $131.64 | x |
| 2017-12-31 | $59.40 | $131.64 | x |
| 2018-12-31 | $54.88 | $131.64 | x |
| 2019-12-31 | $68.89 | $131.64 | x |
| 2020-12-31 | $76.11 | $131.64 | x |
| 2021-12-31 | $58.55 | $131.64 | x |
| 2022-12-31 | $47.50 | $131.64 | x |
| 2023-12-31 | $50.21 | $131.64 | x |
| 2024-12-31 | $53.23 | $131.64 | x |
| 2025-12-31 | $57.72 | $131.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently American Financial Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.47%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.30%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 5.50x
- Recent ROE (17.47%) is above the historical average (10.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1983 | 1.37% | 0.78% | 0.88x | 1.99x | $-124.40 Million |
| 1984 | 10.50% | 6.62% | 0.93x | 1.71x | $8.10 Million |
| 1985 | 6.07% | 4.38% | 0.88x | 1.57x | $-71.79 Million |
| 1986 | 7.37% | 6.46% | 0.81x | 1.40x | $-55.02 Million |
| 1987 | 2.18% | 2.55% | 0.57x | 1.50x | $-129.49 Million |
| 1988 | 5.84% | 6.69% | 0.64x | 1.36x | $-73.59 Million |
| 1989 | 9.53% | 10.09% | 0.54x | 1.74x | $-8.58 Million |
| 1990 | 5.98% | 4.54% | 0.61x | 2.17x | $-65.62 Million |
| 1991 | 0.18% | 0.15% | 0.50x | 2.29x | $-145.30 Million |
| 1992 | 20.32% | 16.58% | 0.52x | 2.35x | $155.12 Million |
| 1993 | 13.47% | 13.16% | 0.44x | 2.35x | $59.77 Million |
| 1994 | 0.02% | 0.02% | 0.42x | 2.71x | $-154.57 Million |
| 1995 | 13.28% | 5.27% | 0.24x | 10.38x | $47.19 Million |
| 1996 | 15.01% | 5.67% | 0.27x | 9.68x | $77.86 Million |
| 1997 | 11.57% | 4.78% | 0.26x | 9.48x | $26.03 Million |
| 1998 | 7.25% | 3.06% | 0.26x | 9.23x | $-47.22 Million |
| 1999 | 10.56% | 4.21% | 0.21x | 11.98x | $7.44 Million |
| 2000 | -3.62% | -1.47% | 0.23x | 10.60x | $-210.85 Million |
| 2001 | -0.99% | -0.38% | 0.23x | 11.61x | $-164.68 Million |
| 2002 | -0.87% | -0.38% | 0.20x | 11.30x | $-187.58 Million |
| 2003 | 14.16% | 8.85% | 0.16x | 9.73x | $86.38 Million |
| 2004 | 14.81% | 9.31% | 0.17x | 9.28x | $116.95 Million |
| 2005 | 8.41% | 5.19% | 0.17x | 9.28x | $-39.15 Million |
| 2006 | 15.48% | 10.67% | 0.17x | 8.57x | $160.51 Million |
| 2007 | 12.58% | 8.75% | 0.17x | 8.47x | $78.59 Million |
| 2008 | 7.86% | 4.56% | 0.16x | 10.79x | $-53.20 Million |
| 2009 | 13.73% | 12.01% | 0.15x | 7.46x | $140.89 Million |
| 2010 | 10.78% | 10.72% | 0.15x | 6.64x | $35.00 Million |
| 2011 | 7.75% | 7.37% | 0.14x | 7.49x | $-99.10 Million |
| 2012 | 10.66% | 9.84% | 0.14x | 7.78x | $30.20 Million |
| 2013 | 10.24% | 9.23% | 0.13x | 8.53x | $11.10 Million |
| 2014 | 8.94% | 7.88% | 0.12x | 9.41x | $-53.40 Million |
| 2015 | 7.38% | 5.73% | 0.12x | 10.45x | $-125.00 Million |
| 2016 | 13.19% | 9.99% | 0.12x | 11.20x | $157.10 Million |
| 2017 | 8.91% | 6.92% | 0.11x | 11.37x | $-58.40 Million |
| 2018 | 10.66% | 7.58% | 0.11x | 12.76x | $32.80 Million |
| 2019 | 14.31% | 14.67% | 0.09x | 11.19x | $270.10 Million |
| 2020 | 10.78% | 12.91% | 0.08x | 10.84x | $53.10 Million |
| 2021 | 39.80% | 32.02% | 0.22x | 5.77x | $1.49 Billion |
| 2022 | 22.16% | 13.26% | 0.28x | 5.95x | $492.80 Million |
| 2023 | 20.01% | 11.02% | 0.31x | 5.78x | $426.20 Million |
| 2024 | 19.86% | 10.72% | 0.33x | 5.60x | $440.40 Million |
| 2025 | 17.47% | 10.30% | 0.31x | 5.50x | $360.00 Million |
Industry Comparison
This section compares American Financial Group Inc's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $6,984,157,111
- Average return on equity (ROE) among peers: 19.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| American Financial Group Inc (AFG) | $4.82 Billion | 1.37% | 5.77x | $10.94 Billion |
| American Coastal Insurance Corp (ACIC) | $42.93 Million | 77.85% | 4.43x | $551.54 Million |
| Aspen Insurance Holdings Limited (AHL) | $3.42 Billion | 9.42% | 2.23x | $120.77 Million |
| American Integrity Insurance Group, Inc. (AII) | $133.97 Million | 28.21% | 5.43x | $372.20 Million |
| Assurant Inc (AIZ) | $3.72 Billion | 12.87% | 5.81x | $10.94 Billion |
| The Allstate Corporation (ALL) | $16.72 Billion | 5.11% | 6.93x | $54.30 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $-243.54 Million | 0.00% | 0.00x | $943.55 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $370.44 Million | 10.32% | 3.47x | $797.28 Million |
| Chubb Ltd (CB) | $28.82 Billion | 13.04% | 2.28x | $127.02 Billion |
| Cincinnati Financial Corporation (CINF) | $9.86 Billion | 20.25% | 1.58x | $25.23 Billion |
About American Financial Group Inc
American Financial Group, Inc., an insurance holding company, provides property and casualty insurance products in the United States. It operates through Property and Casualty Insurance and Other segments. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, other specialty transportation niches, inland and ocean m… Read more