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 American Financial Group headquarters,Great American Tower at Queen City Square, Cincinnati, Ohio, U.S. | |
| American Financing | |
| Company type | Public |
| Industry | Financial services |
| Founded | 1872; 153 years ago (1872) |
| Headquarters | Great American Tower at Queen City Square Cincinnati, Ohio, U.S. |
Key people | Carl H. Lindner, founder S. Craig Lindner,co-CEO, co-president anddirector Carl H. Lindner IIIco-CEO, co-president anddirector |
| Products | Insurance |
| Revenue |  US$7.04 billion (2022)[1] |
 US8.98 million (2022)[1] | |
| Total assets | US$28.83 billion (2022)[1] |
| Total equity | US$4.05 billion (2022)[1] |
Number of employees | 6,900[2] (2022) |
| Website | afginc |
American Financial Group, Inc. is an Americanfinancial servicesholding company based inCincinnati, Ohio.[2] Its primary businesses areinsurance andinvestments.
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American Financial Group's major insurance division operates as theGreat American Insurance Company, founded in 1872, and focuses on property and casualty insurance services. Other affiliates and subsidiaries include Great American Custom, Mid-Continent Group, National Interstate, and Republic Indemnity. Insurance specialties also include equine, trucking, executive liability, fidelity and crime, andagribusiness. Great American Financial Resources is a wholly owned subsidiary of American Financial Group and supplies a range of annuities, life insurance products and supplemental insurances to individuals and enterprises.
The parent company, AFG, is owned principally by the family of financierCarl Lindner, Jr., who bought the company in 1973 and served as its chairman until his death in 2011. The senior Lindner's sons,Carl H. Lindner III and S. Craig Lindner serve as co-chief executive officer.
American Financial Group was ranked 486th on theFortune 500 list in 2004. Through the years American Financial Group has owned a number of subsidiaries, real estate properties, and companies, includingThe Mountain View Grand Resort & Spa inWhitefield,New Hampshire,The Cincinnatian inCincinnati,Ohio,The Biltmore inCoral Gables,Florida,Le Pavillon inNew Orleans,Louisiana, and the Charleston Harbor Resort and Marina inCharleston,South Carolina. Great American Insurance Group partnered with theCincinnati Reds baseball team to purchase naming rights forGreat American Ball Park.[3]
On December 6, 2006, American Financial sold assets acquired from successors to the dissolution of thePenn Central Railroad including the land underGrand Central Terminal and the 156 miles (251 km) ofMetro North track leading to theNew York City landmark toArgent Ventures. The company announced in December 2007 that they will combine their offices and move their headquarters to the brand newGreat American Insurance Building at Queen City Square in 2011.[citation needed]
American Financial Group was one of the first publicly tradedFortune 500 companies to make political donations after corporations' freedom of speech rights were expanded to include donations as a result of theCitizens United v. Federal Election Commission decision. Carl Lindner, Jr is a longtime topRepublican donor, donating millions of his personal income to candidates and political action committees,[4] which sent ripples in campaign finance circles during the 2010 mid-term elections. American Financial, of which Lindner has a non-majority 42% share, donated $400,000 to the Republican-alliedPACAmerican Crossroads.[5]
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