Risk factors
American Financial Group (AFG) risk factors
Item 1A of every American Financial Group Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors30 risks2 new10 reworded
AFG added specific operational risks around artificial intelligence usage and regulatory capital admissibility for alternative investments.
Filed Feb 25, 2026 - FY2024 10-K risk factors28 risks
Catastrophe and severe weather losses heavily impact property and casualty and crop insurance segments. Investment portfolio concentration in fixed maturities and alternative assets creates significant market and interest rate exposure. Mass tort liabilities from former railroad and manufacturing operations threaten financial condition.
Filed Feb 25, 2025