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American Financial Group, Inc.

AFG · NYSE

American Financial Group's Q1 2026 specialty P&C engine produced a 90.3% combined ratio and $206 million of core net operating earnings, but the thesis still depends on reserve quality, catastrophe control and disciplined capital returns.

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Latest ReportMay 14, 2026AFG: the specialty insurer that only works if reserves stay boringView report ->Total Reports1Published reportView all ->Active Discussions0No visible comments yetView discussions ->Member WorkspaceLockedFinancials, timeline, comparisons, scorecard, and discussion require a paid login.View access ->
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Latest Thesis

AFG: the specialty insurer that only works if reserves stay boring

American Financial Group's Q1 2026 specialty P&C engine produced a 90.3% combined ratio and $206 million of core net operating earnings, but the thesis still depends on reserve quality, catastrophe control and disciplined capital returns.

May 14, 2026Research reportSlides available
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American Financial Group, Inc.the specialty insurer that only works if reserves stay boringMay 14, 2026
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AFG: the specialty insurer that only works if reserves stay boringAmerican Financial Group's Q1 2026 specialty P&C engine produced a 90.3% combined ratio and $206 million of core net operating earnings, but the thesis still depends on reserve quality, catastrophe control and disciplined capital returns.NYSEMay 14, 2026Research reportReadSlides