AMERICAN FINANCIAL GROUP INC
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the Quarterly Period Ended September 30, 2026
or
☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the transition period from ____ to ____
Commission File No.1-13653
AMERICAN FINANCIAL GROUP, INC.
Incorporated under the Laws of Ohio IRS Employer I.D. No.31-1544320
301 East Fourth Street, Cincinnati, Ohio 45202
(513)579-2121
| Securities Registered Pursuant to Section 12(b) of the Act: | ||
|---|---|---|
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |
| Common Stock | AFG | New York Stock Exchange |
| 5.875% Subordinated Debentures due March 30, 2059 | AFGB | New York Stock Exchange |
| 5.625% Subordinated Debentures due June 1, 2060 | AFGD | New York Stock Exchange |
| 5.125% Subordinated Debentures due December 15, 2059 | AFGC | New York Stock Exchange |
| 4.50% Subordinated Debentures due September 15, 2060 | AFGE | New York Stock Exchange |
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months, and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐
Indicate by check mark whether the Registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months. Yes ☑ No☐
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer ☑ Accelerated filer☐ Non-accelerated filer☐
Smaller reporting company ☐ Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☑
As of November 1, 2026, there were 82,757,593 shares of the Registrant’s Common Stock outstanding, excluding 14.9 million shares owned by subsidiaries.
TABLE OF CONTENTS
| Page | |
|---|---|
| Part I — Financial Information | |
| Item 1 — Financial Statements: | |
| Consolidated Balance Sheet | 2 |
| Consolidated Statement of Earnings | 3 |
| Consolidated Statement of Comprehensive Income | 4 |
| Consolidated Statement of Changes in Equity | 5 |
| Consolidated Statement of Cash Flows | 7 |
| Notes to Consolidated Financial Statements | 8 |
| Item 2 — Management’s Discussion and Analysis of Financial Condition and Results of Operations | 32 |
| Item 3 — Quantitative and Qualitative Disclosure about Market Risk | 66 |
| Item 4 — Controls and Procedures | 66 |
| Part II — Other Information | |
| Item 2 — Unregistered Sales of Equity Securities and Use of Proceeds | 67 |
| Item 5 — Other Information | 67 |
| Item 6 — Exhibits | 68 |
| Signature | 68 |
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