American Financial Group, Inc. 5.875% Subordinated Debentures due 2055 (AFGB) is a type of bond issued by American Financial Group, Inc., a Cincinnati-based holding company engaged primarily in property and casualty insurance.
The 5.875% subordinated debentures due 2055 are a type of fixed-income security that pay a fixed interest rate of 5.875% per year and have a maturity date of 2055. As a subordinated debt, these debentures rank lower in priority for repayment than other debt obligations of American Financial Group, Inc.
American Financial Group, Inc. has a long-standing history in the insurance industry, with roots dating back to 1872. The company operates primarily through its subsidiaries, which offer a wide range of property and casualty insurance products, including auto, commercial, and specialty insurance.
American Financial Group, Inc. reported total assets of approximately $13.8 billion and net income of approximately $626 million for the year ended December 31, 2020. The company has a strong financial position, with a long-term debt-to-equity ratio of 0.23 and a current ratio of 1.31, indicating the company has sufficient liquidity to meet its short-term obligations.
AFGB is listed on the New York Stock Exchange (NYSE) and can be traded like any other bond, with its price and yield fluctuating based on market demand and interest rates. It is important to note that investing in bonds, including AFGB, carries risks, such as credit risk and interest rate risk.
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