American Financial GroupAFG -1.77%80 Dividend Payout Ratio is 0.38 as of Mar. 2026, which is 73% above its 10-year median of 0.22. GuruFocus rates AFG with a GF Score™ of 80/100 and a GF Value™ of $127.30 (Fairly Valued). The stock has 4 warning signs investors should review. Among 335 Insurance companies, American Financial Group ranks better than 57.91% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. American Financial Group's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.38.
The historical rank and industry rank for American Financial Group's Dividend Payout Ratio or its related term are showing as below:
AFG'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.22 Max: 0.34
Current: 0.31
During the past 13 years, the highest Dividend Payout Ratio of American Financial Group was 0.34. The lowest was 0.17. And the median was 0.22.
AFG's Dividend Payout Ratio is ranked better than 57.91% of 335
companies
in the Insurance industry
Industry Median: 0.38
vs AFG: 0.31
During the past 13 years, the highest Trailing Annual Dividend Yield of American Financial Group was 3.23%. The lowest was 1.11%. And the median was 1.60%.
During the past 12 months, American Financial Group's average Dividends Per Share Growth Rate was 11.30% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 12.40% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 12.20% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 12.30% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of American Financial Group was 154.40% per year. The lowest was -20.70% per year. And the median was 11.90% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
American Financial Group (NYSE:AFG) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
American Financial Group Dividend Payout Ratio Related Terms
American Financial Group Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for American Financial Group's Dividend Payout Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
American Financial Group Dividend Payout Ratio Chart
AFG vs CNA, AIZ, ORI: Dividend Payout Ratio Comparison
For the Insurance - Property & Casualty subindustry, American Financial Group's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
American Financial Group Dividend Payout Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, American Financial Group's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where American Financial Group's Dividend Payout Ratio falls into.
American Financial Group Dividend Payout Ratio Calculation
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
American Financial Group's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
American Financial Group (AFG) has a Dividend Payout Ratio of 0.38 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on American Financial Group and its competitors. This is 73% above median its historical median of 0.22. Over the past decade, American Financial Group's Dividend Payout Ratio has ranged from 0.17 to 0.34. According to the industry distribution chart, American Financial Group ranks #141 out of 335 companies in the Insurance industry, placing it in the top 42.1%.
Is American Financial Group's Dividend Payout Ratio too high?
American Financial Group's current Dividend Payout Ratio of 0.38 is 73% above median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.34. The Insurance industry median Dividend Payout Ratio is 0.38. American Financial Group's value of 0.38 is 0% at this industry median. Based on the distribution chart, American Financial Group ranks #141 out of 335 companies in the Insurance industry, which is above the industry midpoint. Overall, American Financial Group has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does American Financial Group's Dividend Payout Ratio compare to CNA and AIZ?
According to the Insurance industry distribution chart, American Financial Group ranks #141 out of 335 companies for Dividend Payout Ratio. This puts American Financial Group in the upper half of its industry. The industry median Dividend Payout Ratio is 0.38. American Financial Group's value of 0.38 is 0% at this benchmark. Historically, American Financial Group's own Dividend Payout Ratio has ranged from 0.17 to 0.34 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.38, American Financial Group has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Insurance company?
The median Dividend Payout Ratio among Insurance companies is 0.38, based on 335 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Financial Group's current Dividend Payout Ratio of 0.38 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on American Financial Group and its competitors. For the Insurance industry, the median Dividend Payout Ratio is 0.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Financial Group's current Dividend Payout Ratio is 0.38, which is 73% above median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Financial Group stock overvalued right now?
Based on GuruFocus' analysis, American Financial Group (AFG) is currently considered Fairly Valued. The stock's GF Value™ is $127.30, compared to a current price of $135.79 — trading 6.7% above its estimated fair value. The current Dividend Payout Ratio is 0.38, which is 73% above median its 10-year median of 0.22 and 0% at the Insurance industry median of 0.38. American Financial Group's overall GF Score™ is 80/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For American Financial Group (AFG), the current Dividend Payout Ratio is 0.38 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is American Financial Group (AFG) Overvalued in 2026?
Based on GuruFocus' analysis, American Financial Group stock appears to be overvalued.
The current stock price of $135.79 is trading 6.7% above its estimated GF Value™ of $127.30.
GuruFocus considers American Financial Group to be Fairly Valued.
Key valuation signals for AFG:
Dividend Payout Ratio: 0.38 (73% above median its 10-year median of 0.22)
GF Value™: $127.30 vs. price of $135.79 (6.7% above fair value)
Industry Position: 0% at the Insurance median (#141 of 335)
No single metric tells the full story. See the AFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
American Financial Group Inc is an insurance holding company. Through its subsidiaries, it is engaged in the property and casualty insurance business, focusing on specialized commercial products for businesses. The group operates through two segments: Property and Casualty Insurance, which generates maximum revenue, and Other. The Property and Casualty Insurance segment is further divided into different sub-segments, such as Property and transportation, Specialty casualty, and Specialty financial. These sub-segments offer insurance coverage for vehicles and commercial property, customized programs for small to mid-sized businesses, workers' compensation insurance, risk management insurance programs for lending and leasing institutions, trade credit insurance, and other insurance products.
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