Everything about American Financial Group totally explained
American Financial Group Incorporated is a
holding company based in
Cincinnati, Ohio whose primary business is insurance and investments. American Financial Group's purpose is to enable businesses and individuals to manage risk using insurance products and services tailored to meet their specific needs.
American Financial Group's major
insurance division operates as the
Great American Insurance Company, founded in
1872 and focuses on Property and Casualty Insurance services. Other affiliates and subsidiaries include American Custom, Mid Continent, National Interstate, Republic Indemnity. Additional insurance specialties include (but are not limited to) Equine, Trucking, Executive Liability, Fidelity and Crime, and Agri-business. 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 financier
Carl Lindner and his family. Carl Lindner is Chairman of the Board of Directors of AFG. The senior Lindner's sons, Carl H. Lindner, III and S. Craig Lindner serve as Co-Chief Executive Officers.
American Financial Group was ranked 486th on the
Fortune 500 list in 2004. Through the years American Financial Group has owned a number of subsidiaries, real estate properties, and companies including The Cincinnatian Hotel, The Mountainview Grand Resort in New Hampshire and the Charleston Harbor Resort. Great American Insurance Group partnered with the first professional baseball team, the Cincinnati Reds, and Hamilton County to purchase naming rights for
Great American Ball Park.
On December 6, 2006, American Financial sold assets acquired from successors to the dissolution of the
Penn Central Railroad including the land under
Grand Central Terminal and the 156 miles of
Metro North track leading to the
New York City landmark to
Argent Ventures. The company announced in December 2007 that that'll combine their offices and move their headquarters to the brand new
Great American Insurance Building at Queen City Square in 2011.
Further Information
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