American Financial Group AFGE
American Financial Group, Inc., through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehic… Read more
American Financial Group AFGE (AFGE) - Net Assets
Latest net assets as of September 2024: $4.71 Billion USD
Based on the latest financial reports, American Financial Group AFGE (AFGE) has net assets worth $4.71 Billion USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($32.59 Billion) and total liabilities ($27.88 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.71 Billion |
| % of Total Assets | 14.45% |
| Annual Growth Rate | 2.75% |
| 5-Year Change | -32.08% |
| 10-Year Change | -15.75% |
| Growth Volatility | 14.15 |
American Financial Group AFGE - Net Assets Trend (1983–2023)
This chart illustrates how American Financial Group AFGE's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for American Financial Group AFGE (1983–2023)
The table below shows the annual net assets of American Financial Group AFGE from 1983 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 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 | +6.78% |
| 2013-12-31 | $4.73 Billion | -0.32% |
| 2012-12-31 | $4.75 Billion | +1.22% |
| 2011-12-31 | $4.69 Billion | +1.54% |
| 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 AFGE'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 848.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.12 Billion | 73.30% |
| Common Stock | $84.00 Million | 1.97% |
| Other Comprehensive Income | $-319.00 Million | -7.49% |
| Other Components | $1.37 Billion | 32.22% |
| Total Equity | $4.26 Billion | 100.00% |
American Financial Group AFGE Competitors by Market Cap
The table below lists competitors of American Financial Group AFGE ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Daelim Industrial Co. Ltd. Pfd. Series 1
KQ:000215
|
$153.66K |
|
CANADIAN SOLAR - Dusseldorf Stock Exchang
DU:L5A
|
$154.00K |
|
SparDanmark Invest Konservativ
CO:SDIKON
|
$154.00K |
|
BIP Bermuda Holdings I Limited
NYSE:BIPI
|
$154.04K |
|
Optegra Ventures Inc.
V:OPTG
|
$153.49K |
|
GMO INTERNET - Dusseldorf Stock Exchang
DU:IQ3
|
$153.35K |
|
BIOVICA INTL. SK-07
F:9II
|
$153.29K |
|
Sparta Infra Cdi Fd De Invest Em Cotas De Fd Incentivados De Inv Em Infraestrutura Renda Fixa Cr Pri
SA:CDII11
|
$153.27K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in American Financial Group AFGE's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 4,052,000,000 to 4,258,000,000, a change of 206,000,000 (5.1%).
- Net income of 852,000,000 contributed positively to equity growth.
- Dividend payments of 684,000,000 reduced retained earnings.
- Share repurchases of 213,000,000 reduced equity.
- Other comprehensive income increased equity by 224,000,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $852.00 Million | +20.01% |
| Dividends Paid | $684.00 Million | -16.06% |
| Share Repurchases | $213.00 Million | -5.0% |
| Other Comprehensive Income | $224.00 Million | +5.26% |
| Other Changes | $27.00 Million | +0.63% |
| Total Change | $- | 5.08% |
Book Value vs Market Value Analysis
This analysis compares American Financial Group AFGE'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: 0.34x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.45x to 0.34x 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 | $17.00 | x |
| 1984-12-31 | $12.13 | $17.00 | x |
| 1985-12-31 | $15.17 | $17.00 | x |
| 1986-12-31 | $17.47 | $17.00 | x |
| 1987-12-31 | $14.04 | $17.00 | x |
| 1988-12-31 | $16.67 | $17.00 | x |
| 1989-12-31 | $17.36 | $17.00 | x |
| 1990-12-31 | $17.83 | $17.00 | x |
| 1991-12-31 | $20.10 | $17.00 | x |
| 1992-12-31 | $21.27 | $17.00 | x |
| 1993-12-31 | $33.92 | $17.00 | x |
| 1994-12-31 | $21.23 | $17.00 | x |
| 1995-12-31 | $20.00 | $17.00 | x |
| 1996-12-31 | $16.84 | $17.00 | x |
| 1997-12-31 | $18.21 | $17.00 | x |
| 1998-12-31 | $18.40 | $17.00 | x |
| 1999-12-31 | $14.84 | $17.00 | x |
| 2000-12-31 | $17.51 | $17.00 | x |
| 2001-12-31 | $14.65 | $17.00 | x |
| 2002-12-31 | $16.65 | $17.00 | x |
| 2003-12-31 | $19.42 | $17.00 | x |
| 2004-12-31 | $21.67 | $17.00 | x |
| 2005-12-31 | $20.86 | $17.00 | x |
| 2006-12-31 | $24.31 | $17.00 | x |
| 2007-12-31 | $24.72 | $17.00 | x |
| 2008-12-31 | $21.34 | $17.00 | x |
| 2009-12-31 | $32.37 | $17.00 | x |
| 2010-12-31 | $40.45 | $17.00 | x |
| 2011-12-31 | $44.17 | $17.00 | x |
| 2012-12-31 | $47.74 | $17.00 | x |
| 2013-12-31 | $50.03 | $17.00 | x |
| 2014-12-31 | $53.62 | $17.00 | x |
| 2015-12-31 | $51.36 | $17.00 | x |
| 2016-12-31 | $55.55 | $17.00 | x |
| 2017-12-31 | $59.35 | $17.00 | x |
| 2018-12-31 | $54.86 | $17.00 | x |
| 2019-12-31 | $68.89 | $17.00 | x |
| 2020-12-31 | $76.11 | $17.00 | x |
| 2021-12-31 | $58.55 | $17.00 | x |
| 2022-12-31 | $47.50 | $17.00 | x |
| 2023-12-31 | $50.21 | $17.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently American Financial Group AFGE 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): 20.01%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.89%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 7.00x
- Recent ROE (20.01%) is above the historical average (9.89%), 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 | 11.56% | 4.78% | 0.26x | 9.48x | $25.98 Million |
| 1998 | 7.25% | 3.07% | 0.26x | 9.23x | $-47.22 Million |
| 1999 | 10.56% | 4.24% | 0.21x | 11.98x | $7.44 Million |
| 2000 | -3.62% | -1.47% | 0.23x | 10.60x | $-210.89 Million |
| 2001 | -0.99% | -0.38% | 0.23x | 11.61x | $-164.68 Million |
| 2002 | 4.90% | 2.26% | 0.19x | 11.30x | $-87.94 Million |
| 2003 | 14.15% | 8.75% | 0.17x | 9.73x | $86.20 Million |
| 2004 | 14.81% | 9.21% | 0.17x | 9.28x | $116.81 Million |
| 2005 | 8.41% | 5.12% | 0.18x | 9.28x | $-39.17 Million |
| 2006 | 15.48% | 10.67% | 0.17x | 8.57x | $160.51 Million |
| 2007 | 12.58% | 8.70% | 0.17x | 8.47x | $78.59 Million |
| 2008 | 7.86% | 4.56% | 0.16x | 10.61x | $-53.20 Million |
| 2009 | 13.73% | 12.01% | 0.16x | 7.32x | $140.89 Million |
| 2010 | 10.72% | 10.65% | 0.14x | 7.26x | $32.00 Million |
| 2011 | 7.55% | 7.22% | 0.13x | 7.93x | $-111.50 Million |
| 2012 | 10.66% | 9.64% | 0.13x | 8.56x | $30.20 Million |
| 2013 | 10.32% | 9.25% | 0.12x | 9.22x | $14.70 Million |
| 2014 | 9.26% | 7.91% | 0.12x | 9.74x | $-35.90 Million |
| 2015 | 7.67% | 5.73% | 0.12x | 10.86x | $-107.20 Million |
| 2016 | 13.20% | 9.99% | 0.12x | 11.20x | $157.40 Million |
| 2017 | 8.91% | 6.92% | 0.11x | 11.38x | $-58.00 Million |
| 2018 | 10.66% | 7.41% | 0.11x | 12.77x | $33.00 Million |
| 2019 | 14.31% | 10.89% | 0.12x | 11.19x | $270.10 Million |
| 2020 | 10.78% | 9.26% | 0.11x | 10.84x | $53.10 Million |
| 2021 | 21.57% | 16.50% | 0.23x | 5.77x | $579.80 Million |
| 2022 | 22.16% | 12.76% | 0.24x | 7.12x | $492.80 Million |
| 2023 | 20.01% | 10.89% | 0.26x | 7.00x | $426.20 Million |
Industry Comparison
This section compares American Financial Group AFGE's net assets metrics with peer companies in the Insurance industry.
Industry Context
- Industry: Insurance
- Average net assets among peers: $3,466,971
- Average return on equity (ROE) among peers: 10.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| American Financial Group AFGE (AFGE) | $4.71 Billion | 1.37% | 5.92x | $153.49K |
| AmTrust Financial Services Prf 7 25 Exp15Jun2055 (AFFS) | $3.47 Million | 10.47% | 5.52x | $2.00 Billion |