BNET Industries
Market Cap:$2.8B
Last Fiscal Year Sales:$4.4B
- Public
- US
Dow Jones Description
American Financial Group, Inc. ("AFG") is a holding company that, through subsidiaries, is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of traditional fixed, indexed and variable annuities and a variety of supplemental insurance products. AFG was incorporated as an Ohio corporation in 1997. Its address is One East Fourth Street, Cincinnati, Ohio 45202; its phone number is (513) 579-2121. SEC filings, news releases, AFG's Code of Ethics applicable to directors, officers and employees and other information may be accessed free of charge through AFG's Internet site at: www.afginc.com . (Information on AFG's Internet site is not part of this Form 10-K.) At February 1, 2009, AFG's Chairman of the Board (Carl H. Lindner) and its Co-CEOs (Carl H. Lindner III and S. Craig Lindner, sons of the Chairman) beneficially owned 6.6%, 10.2% and 9.3%, respectively, of AFG's outstanding Common Stock.
Co-CEO & Co-President
S. Craig LindnerNumber of Employees 5,200
Peer Companies
NAICS Code Direct Property and Casualty Insurance Carriers: 524126
Recent Events
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Nine Companies Increasing Dividends
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American Financial gains in 3Q; will sell PDS unit
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American Financial Group, Inc. Declares Quarterly Dividend
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Madoff-linked funds sue AFG, other insurers
News & Analysis
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american financial group inc. - All News and Analysis
American Financial Group, Inc. Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions. We’ll pause for just a moment to compile the Q&A roster. And your first question comes from the line of Amit Kumar with Fox-Pitt, Kelton. Amit Kumar – Fox-Pitt, Kelton Strong results. I guess, just going back on your color on the rates, Bill Berkley...
American Financial Group Inc. Q2 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions. Your first question comes from Jay Cohen – Bank of America. Jay Cohen – BAS-ML Let's see, a couple of questions. I guess, just first, it's not a big line of business for you, but it has gotten some attention in...
American Financial Group Inc. Q2 2009 Earnings Call Transcript
American Financial Group Inc. AFG Q2 2009 Earnings Call July 29, 2009 11:30 am ET
American Financial Group Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions. Your first question comes from the line of John Wen with JDG Research ph. Unidentified Analyst Good morning. Carl, one of your competitors in the work comp market in California, Zenith who I think you know and regard well, had a spike in...
American Financial Group Inc. Q3 2008 Earnings Conference Call Transcript
Question-and-Answer Session[Operator Instructions]. Your first question comes from the line of Amit Kumar with Fox-Pitt, Kelton. Amit Kumar - Fox-Pitt, Kelton Cochran Caronia Waller Good morning. Carl H. Lindner III - Co-Chief Executive Officer and President Good morning. Amit Kumar - Fox-Pitt, Kelton Cochran Caronia Waller I guess, just...
American Financial Group, Inc. Q2 2008 Earnings Call
Question-and-Answer Session[Operator Instructions] And your first question comes from the line of Jay Cohen of Merrill Lynch. Jay Cohen - Merrill Lynch Thank you. And still, I don't know, kind of good morning, good afternoon is right [indiscernible]. I've got a bunch of questions. Let me start with just...
American Financial Group, Inc. Q1 2008 Earnings Call Transcript
Question-and-Answer Session[Operator Instructions]. Your first question comes from the line of Charlie Gates of Credit Suisse. Charlie Gates - Credit Suisse High, good morning. Carl H. Lindner, III - Co-Chief Executive Officer and President Hi, Charlie. Charlie Gates - Credit Suisse I guess first question, can you put a...
American Financial Group, Inc. Q4 2007 Earnings Call Transcript
Question-and-Answer SessionThank you. [Operator Instructions]. Your first question comes from the line of John Gwynn with Morgan Keegan. Please proceed. John Gwynn - Morgan Keegan Thank you. Keith or Carl, the drop in the expense ratio in property and transportation, is that a function of the crop business or...
American Financial Group Q3 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Sir, there are no questions at this time. Keith Jensen Thank you for joining us for our third quarter conference call. We look forward to reporting our full year at the end of the fourth quarter. Thank you and have a nice day. Copyright...
American Financial Group, Inc. to Acquire Publicly Held Shares of Great American Financial Resources, Inc
CINCINNATI -- American Financial Group, Inc. (NYSE:AFG)(NASDAQ:AFG) ("AFG") and Great American Financial Resources, Inc. (NYSE:GFR) ("GAFRI") announced that they have entered into a definitive merger agreement by which GAFRI would acquire the GAFRI shares which AFG does not currently own at a price of $24.50 per share in cash, for...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| S. Craig Lindner | Co-CEO & Co-President |
| Keith A. Jensen | Senior Vice President and Chief Financial Officer |
| Piyush Singh | Chief Information Officer |
| John B. Berding | Executive Vice President, American Money Management |
| Fred J. Runk | Senior Vice President & Treasurer |
| Karen Holley Horrell | General Counsel, Secretary, Property & Casualty Operations & Senior Vice President |
| Thomas Mischell | Senior Vice President |
| Anne N. Watson | Vice President, Investor Relations |
| Bob Greene | Assistant Vice President |
| Bob Ruffing | Vice President |
| David J. Witzgall | Vice President and Treasurer |
| Diane P. Weidner | Assistant Vice President Investor Relations |
| James C. Kennedy | Vice President |
| Karl Grafe | Vice President & Assistant General Counsel |
| Kathleen Brown | Vice President, Taxation |
| Michelle Gillis | Assistant Vice President |
| Pete Ruehlmann | Assistant Vice President |
| Robert Dobbs | Vice President, Internal Audit |
| Sandra Heimann | Vice President |
| Scott Beeken | Assistant Vice President |
| Jeff White | Founder |
| Mike Van Maarth | Owner |
| Cheryl Garger | |
| Jim Hageney | |
| Stephanie McCullough | |
| Suzette S Hagan | Retirement Specialist |
| Tim Flatley | |
| William A. Shutzer | Director |
| William W. Verity | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Theodore H. Emmerich | Audit Committee Chairman |
| William R. Martin | Chairman |
| Gregory G Joseph | Board of Directors |
| John I. Von Lehman | Board of Directors |
| Kenneth C. Ambrecht | Board of Directors |
| Terry S. Jacobs | Board of Directors |
| William A. Schutzer | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Great American Financial Resources, Inc. | Chief Executive Officer | Current |
| American Money Management Corporation | President | Current |
| Great American Financial Resources, Inc. | President | Current |
| Senior Healthcare Consultants (Shc) | Co-Chief Executive Officer, President and Director | Current |
| Insurance Asset Manager LLC | Co-Chief Executive Officer, President and Director | Current |
| American Financial Group, Inc. | Director | Current |
| Great American Financial Resources, Inc. | Board of Directors | Current |
| National City Corporation | Risk and Public Policy Committee Member | Current |
| American Financial Group, Inc. | Executive Committee Member | Current |
| National City Corporation | Board of Directors | Former |
Keith A. Jensen was named Chief Financial Officer of American Financial Group in 2005. He has been a Senior Vice President of American Financial Group since February 1999. He also serves as Executive Vice President of the Great American Property and Casualty Insurance Group and is a member of Great American’s Board of Directors. Before working for AFG, Mr. Jensen was a Partner with Deloitte & Touche LLP, an independent accounting, tax, and consulting firm. He is a licensed Certified Public Accountant in California, New York, Ohio, and Kentucky, and is a member of the AICPA.
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Senior Vice President and Chief Financial Officer | Current |
| Insurance Asset Manager LLC | Senior Vice President and Chief Financial Officer | Current |
| Senior Healthcare Consultants (Shc) | Senior Vice President and Chief Financial Officer | Current |
| Great American Insurance Co. | Board of Directors | Current |
| National Interstate Corporation | Board of Directors | Current |
| Great American LLC | Board of Directors | Current |
| American Institute of Certified Public Accountants | Member | Current |
| Great American Life Insurance Company | Cfo & Executive Vice President | Former |
| Deloitte Touche Tohmatsu | partner | Former |
| Deloitte & Touche LLP | Partner | Former |
| Infinity Property & Casualty Corporation | Board of Directors | Former |
| Brigham Young University | Master of Accountancy degree | Former |
| Brigham Young University | Master of Accountancy degree | Former |
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Chief Information Officer | Current |
| American Financial Group, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Executive Vice President, American Money Management | Current |
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Senior Vice President & Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | General Counsel, Secretary, Property & Casualty Operations & Senior Vice President | Current |
Thomas E. Mischell is Senior Vice President – Taxes of American Financial Group. He has served as a Vice President of the Company for over ten years. He began his tax accounting career with Ernst & Ernst in Cincinnati (now Ernst & Young) and spent several years there prior to joining AFG in 1972. He is a Certified Public Accountant.
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Senior Vice President | Current |
| Ernst & Ernst | Tax Accountant | Former |
| Organization | Position | Status |
|---|---|---|
| Great American Life Insurance Company | Vice President | Current |
| American Financial Group, Inc. | Vice President, Investor Relations | Current |
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Assistant Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Vice President | Current |
| American Money Management Corporation | Controller | Current |
| American Financial Group, Inc. | Controller | Current |
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Vice President and Treasurer | Current |
| American Financial Group, Inc. | Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Assistant Vice President Investor Relations | Current |
Mr. Kennedy has been the vice president, deputy general counsel and secretary of American Financial Group, Inc., parent of our largest shareholder, since 1998. Mr. Kennedy joined American Financial Group, Inc. in 1976, was named secretary in 1984, deputy general counsel in 1988 and vice president in 1998. Mr. Kennedy is the Chair of the Nominating/Governance Committee.
| Organization | Position | Status |
|---|---|---|
| American Financial | Vice President | Current |
| American Financial Group, Inc. | Vice President | Current |
| American Financial | Deputy General Counsel | Current |
| American Financial Group, Inc. | Deputy General Counsel | Current |
| American Financial Group, Inc. | Secretary | Current |
| National Interstate Corporation | Director | Current |
| Catholic Healthcare Partners | Board of Directors | Current |
| American Financial | Secretary | Former |
| University of Cincinnati | J.D. Degrees | Former |
| University of Cincinnati | B.B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Vice President & Assistant General Counsel | Current |
| American Financial Group, Inc. | Assistant General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Vice President, Taxation | Current |
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Assistant Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Assistant Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Vice President, Internal Audit | Current |
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Assistant Vice President | Current |
Jeff founded the American Financial Group in 1984, his 20th year in the financial services industry. He has been the architect of special insurance and investment products blending the disciplines of asset management and insurance to take advantage of the tax benefits of the latter and the asset growth of the former. Jeff works closely with other professional advisors in structuring wealth transfer plans and is a nationally known financial professional specializing in the design of funding vehicles. An honors graduate of the Wharton School of Pennsylvania in Finance and Economics, Jeff is a well-known lecturer in professional circles and also provides continuing education to Certified Public Accountants.
| Organization | Position | Status |
|---|---|---|
| Afgifg | President and CEO | Current |
| American Financial Group, Inc. | Founder | Current |
| Afgifg | Founder | Former |
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Owner | Current |
| American Financial Group, Inc. | Polar Investment Counsel, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Afgifg | Vice President, Corporate Services | Current |
| American Financial Group, Inc. | Current | |
| Bloomsburg University of Pennsylvania | Degree In Business | Former |
Jim joined American Financial Group in 1996, and has six years experience in the financial services industry. He is a licensed registered representative with Walnut Street Securities, Inc. Jim concentrates his practice on the design, installation and servicing of 401(k)'s, qualified and non qualified retirement plans. He is active in presenting financial education seminars to his corporate clients' employees. Additionally, Jim provides group medical benefits to small and midsized corporations. Jim is a graduate of Villanova University with a degree in Business Administration.
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Current | |
| Afgifg | Current | |
| Villanova University | Degree In Business Administration | Former |
Stephanie joined American Financial Group, Ltd in 1997, after working for a number of years in the telecommunications industry. She served as Business Development Manager for Alcatel Telecom's mobile communications division. Before that, she was an International Trade Specialist in the U.S. Department of Commerce, assisting U.S. companies to develop international business in international wireless telecommunications markets. Stephanie holds an M.A. from the Johns Hopkins School of Advanced International Studies and a B.A. from Duke University. She is Series 7 licensed and is currently studying for her ChFC.
| Organization | Position | Status |
|---|---|---|
| Afgifg | Current | |
| American Financial Group, Inc. | Current | |
| Johns Hopkins School of Advanced International Studies | M.A. | Former |
| Duke University | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| Afgifg | Retirement Specialist | Current |
| American Financial Group, Inc. | Retirement Specialist | Current |
| The Pennsylvania State University | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| Afgifg | Current | |
| American Financial Group, Inc. | Current | |
| Lebanon Valley College | Degrees In Business Administration | Former |
Theodore H. Emmerich has been a member of AFG’s Board of Directors since 1988. He is Chairman of the Audit Committee. Prior to his retirement in 1986, he was managing partner of the Cincinnati office of the independent accounting firm, Ernst & Whinney. Mr. Emmerich is a Certified Public Accountant and is a member of several professional societies including the Ohio Society of CPA’s and the American Institute of CPA’s. He currently serves on several other organizations’ Boards and over the years has served as a volunteer director on a number of charitable organizations.
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Audit Committee Chairman | Current |
| American Financial Group, Inc. | Director | Current |
| American Institute of Certified Public Accountants | Member | Current |
| Ernst & Whinney | Managing Partner | Former |
William R. Martin has been a member of AFG's Board of Directors since 1994. He is Chairman of the Compensation Committee and a member of the Audit Committee. He is also a director of Great American Financial Resources. From 1993 until his retirement in 2003, Mr. Martin had been Chairman of the Board of a computer software and services company, MB Computing, Inc. Prior to that time, he served as Chairman, President and Chief Executive Officer of the same company.
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Chairman | Current |
| American Financial Group, Inc. | Board of Directors | Current |
| Great American Financial Resources, Inc. | Board of Directors | Current |
| American Financial Group, Inc. | Audit Committee Member | Current |
| Organization | Position | Status |
|---|---|---|
| Senior Healthcare Consultants (Shc) | Director | Current |
| Xavier University | Board of Directors | Current |
| Insurance Asset Manager LLC | Director | Current |
| American Financial Group, Inc. | Board of Directors | Current |
Mr. Von Lehman was elected to AFG’s Board of Directors on August 27, 2008. He is a member of the Audit Committee. Mr. Von Lehman began his career as a Certified Public Accountant with Haskins & Sells, a predecessor of Deloitte. He served The Midland Company, an Ohio-based provider of specialty insurance products and services (“Midland”), in various capacities, including as Chief Financial Officer from 1988 to 2006, as Executive Vice President from 1996 to 2007 and as Secretary from 1998 to 2007. Mr. Von Lehman also served as a director of Midland from 1991 to 2007.
| Organization | Position | Status |
|---|---|---|
| The Midland Company | CFO, Executive Vice President, Secretary & Chief Accounting Officer | Current |
| The Midland Company | Board of Directors | Current |
| American Financial Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Insurance Asset Manager LLC | Director | Current |
| Great American Financial Resources, Inc. | Board of Directors | Current |
| American Financial Group, Inc. | Board of Directors | Current |
| Senior Healthcare Consultants (Shc) | Committee Member | Current |
| Broadpoint Capital, Inc. | Managing Director | Former |
| First Albany Corporation | Managing Director | Former |
Terry S. Jacobs has served on our board of directors since April 2002. Mr. Jacobs has served as President and CEO of JFP Group, LLC, a real estate management and development company since September 2005. From its founding in September 1996 until September 2005, Mr. Jacobs served as Chairman of the Board and Chief Executive Officer of Regent Communications, Inc. (II). Regent Communications owns and operates 75 radio stations in 15 markets. Mr. Jacobs currently serves as Vice Chairman of the board of directors of Regent Communications, Inc. and as Mr. Jacobs is a member of the board of directors of American Financial Group, Inc. and Global Entertainment Corp., both of which are public companies. He holds a BBA and Masters of Actuarial Science from Georgia State University.
| Organization | Position | Status |
|---|---|---|
| The Jfp Group | Chief Executive Officer | Former |
| The Jfp Group | President | Former |
| The Jfp Group | Chairman | Former |
| College Hall | Board of Directors | Current |
| American Academy of Actuaries | Board of Directors | Current |
| Senior Healthcare Consultants (Shc) | Director | Current |
| American Financial Group, Inc. | Board of Directors | Current |
| Regent Communications, Inc. | Vice Chairman of the Board of Directors | Current |
| National Football Foundation | Board of Directors | Current |
| Casualty Actuarial Society | Fellow | Current |
| American Financial Group, Inc. | Governance Committee Member | Current |
| American Academy of Actuaries | Member | Current |
| Global Entertainment Corp | Chairman, President and CEO of Jfp Group, Llc | Former |
| Regent Communications, Inc. | Chief Executive Officer | Former |
| Regent Communications, Inc. | Chairman of the Board | Former |
| Georgia State University | Masters of Actuarial Science | Former |
| Georgia State University | Bachelors of Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Board of Directors | Current |
William Shutzer is a Senior Managing Director of the firm’s corporate advisory business. Prior to joining the firm, Mr. Shutzer was a Managing Director of Lehman Brothers, where he did both advisory work and was a principal in Lehman’s Merchant Banking Group from 2000-2003. From 1994-2000, he was at Furman Selz and ING Baring Furman Selz where he was President and Executive Vice President. Before Furman Selz, Mr. Shutzer spent 22 years at Lehman Brothers, where he was a Managing Director, Head of Corporate Finance and a member of the Management Committee. Mr. Shutzer is a senior advisor to Hallmark Cards, Inc., Levi Strauss & Co., Tiffany & Co., TAMKO Building Products, and KB Homes and has represented all of the above companies in recent transactions. Mr. Shutzer also helped found Evercore Wealth Management LLC and is a member of its Board of Managers. Mr. Shutzer is a director of Test Equity, LLC., Tiffany & Co., and JupiterMedia Corp., and was a director of CSK Auto, E&J Gallo Winery, American Financial, RSI Holding Co. and Turbochef Technologies, Inc. He is a trustee of Prep for Prep and the Paul Taylor Dance Company. Mr. Shutzer is also a member of Harvard’s Graduate School Resource Committee. Mr. Shutzer received an M.B.A. from Harvard Business School and a B.A. from Harvard College, both in Cambridge, Massachusetts.
| Organization | Position | Status |
|---|---|---|
| Evercore Partners Inc. | Senior Managing Director | Current |
| Harvard Business School | Resource Committee Member | Current |
| RSI Holding Corporation | Board of Directors | Current |
| Tiffany & Co. | Director | Current |
| WebMediaBrands Inc. | Director | Current |
| TestEquity Inc. | Director | Current |
| American Financial Group, Inc. | Director | Current |
| Furman Selz | President | Former |
| Furman Selz | Executive Vice President | Former |
| Lehman Brothers Holdings Inc. | Managing Director | Former |
| Furman Selz | Partner | Former |
| Thomas Weisel Partners LLC | Partner | Former |
| E&J Gallo Winery | Advisory Director | Former |
| Lehman Brothers Holdings Inc. | Head of Corporate Finance | Former |
| Hallmark Cards, Inc. | Advisor | Former |
| Lehman Brothers Holdings Inc. | consultant | Former |
| Blount International, Inc. | Director | Former |
| PracticeWorks, Inc. | Director | Former |
| Harvard Business School | M.B.A. | Former |
| Harvard University | B.A. | Former |
| Harvard College | B.A. | Former |
William W. Verity was elected to AFG's Board of Directors at the annual meeting of shareholders held on June 17, 2002. He is Chairman of the Governance Committee and is a member of the Compensation Committee. From 1994 until March 2002, he served as an independent director of Chiquita Brands International. Inc. Will has been President of Verity & Verity, LLC, an investment management company, since January 2002. Prior to that time, he had been a partner with Pathway Guidance LLC, an executive consulting firm, since October 2000. Previously, he served as Chairman and Chief Executive Officer of ENCOR Holdings, Inc., a developer and manufacturer of plastic molded components.
| Organization | Position | Status |
|---|---|---|
| American Financial Group, Inc. | Director | Current |
| Insurance Asset Manager LLC | Director | Current |
| Senior Healthcare Consultants (Shc) | Director | Current |
| American Financial Group, Inc. | Compensation Committee Member | Current |
| Pathway Guidance LLC | Partner | Former |
| American Financial Group, Inc. | Governance Committee Chairman | Former |
| Chiquita Brands International, Inc. | Director | Former |
Executive News
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Madoff-linked funds sue AFG, other insurers
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