American Financial Group, Inc.
US ˙ NYSE ˙ US0259321042

SecurityAFG / American Financial Group, Inc.
InstitutionNorges Bank
Latest Disclosed Ownership838,902 shares
Latest Disclosed Value $ 114,661,125
Norges Bank ownership in AFG / American Financial Group, Inc.

On February 10, 2026 - Norges Bank filed a 13F-HR form disclosing ownership of 838,902 shares of American Financial Group, Inc. (US:AFG) valued at $114,661,125 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 0 shares of American Financial Group, Inc.. The current value of the position is $111,120,959 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-10 2025-12-31 13F AMERICAN FINL GROUP INC OHIO COM 025932104 838,902 838,902 114,661 0.0123
2025-11-13 2025-09-30 13F AMERICAN FINL GROUP INC OHIO COM 025932104 0 -845,473 -100.00 0 -100.00
2025-08-13 2025-06-30 13F AMERICAN FINL GROUP INC OHIO COM 025932104 845,473 -54,386 -6.04 106,707 -9.71 0.0133
2026-05-11 2025-03-31 13F/A-1 AMERICAN FINL GROUP INC OHIO COM 025932104 899,859 5,834 0.65 118,187 -3.46 0.0166
2025-02-12 2024-12-31 13F AMERICAN FINL GROUP INC OHIO COM 025932104 894,025 9,163 1.04 122,419 2.78 0.0161
2025-11-12 2024-09-30 13F/A-1 AMERICAN FINL GROUP INC OHIO COM 025932104 884,862 16,920 1.95 119,102 11.55 0.0166
2024-08-14 2024-06-30 13F AMERICAN FINL GROUP INC OHIO COM 025932104 867,942 20,544 2.42 106,774 -7.68 0.0160
2025-05-14 2024-03-31 13F/A-1 AMERICAN FINL GROUP INC OHIO COM 025932104 847,398 28,957 3.54 115,653 18.86 0.0183
2024-02-09 2023-12-31 13F AMERICAN FINL GROUP INC OHIO COM 025932104 818,441 18,243 2.28 97,304 8.89 0.0170
2024-11-13 2023-09-30 13F/A-1 AMERICAN FINL GROUP INC OHIO COM 025932104 800,198 12,297 1.56 89,358 -4.49 0.0181
2024-08-14 2023-06-30 13F/A-1 AMERICAN FINL GROUP INC OHIO COM 025932104 787,901 27,005 3.55 93,563 1.21 0.0185
2024-05-15 2023-03-31 13F/A-1 AMERICAN FINL GROUP INC OHIO COM 025932104 760,896 71,614 10.39 92,449 -2.30 0.0202
2023-02-14 2022-12-31 13F AMERICAN FINL GROUP INC OHIO COM 025932104 689,282 41,388 6.39 94,625 18.81 0.0228
2023-11-13 2022-09-30 13F/A-1 AMERICAN FINL GROUP INC OHIO COM 025932104 647,894 20,822 3.32 79,646 -8.50 0.0212
2023-08-14 2022-06-30 13F/A-1 AMERICAN FINL GROUP INC OHIO COM 025932104 627,072 -10,012 -1.57 87,044 -6.18 0.0225
2023-05-12 2022-03-31 13F/A-1 AMERICAN FINL GROUP INC OHIO COM 025932104 637,084 0 0.00 92,772 6.04 0.0202
2022-03-09 2021-12-31 13F/A-1 AMERICAN FINL GROUP INC OHIO COM 025932104 637,084 -1,081 -0.17 87,484 8.95 0.0180
2022-11-14 2021-09-30 13F/A-1 AMERICAN FINL GROUP INC OHIO COM 025932104 638,165 -3,712 -0.58 80,300 0.31 0.0178
2022-08-15 2021-06-30 13F/A-1 AMERICAN FINL GROUP INC OHIO COM 025932104 641,877 -83,036 -11.45 80,055 -3.21 0.0174
2022-05-09 2021-03-31 13F/A-1 AMERICAN FINL GROUP INC OHIO COM 025932104 724,913 -118,313 -14.03 82,713 11.95 0.0189
2021-03-02 2020-12-31 13F/A-1 AMERICAN FINL GROUP INC OHIO COM 025932104 843,226 -28,325 -3.25 73,883 26.56 0.0173
2021-11-12 2020-09-30 13F/A-1 AMERICAN FINL GROUP INC OHIO COM 025932104 871,551 -7,523 -0.86 58,376 4.64 0.0155
2021-08-13 2020-06-30 13F/A-1 AMERICAN FINL GROUP INC OHIO COM 025932104 879,074 7,037 0.81 55,786 -8.72 0.0161
2021-05-07 2020-03-31 13F/A-1 AMERICAN FINL GROUP INC OHIO COM 025932104 872,037 12,999 1.51 61,112 -35.12 0.0218
2020-03-03 2019-12-31 13F/A-1 AMERICAN FINL GROUP INC OHIO COM 025932104 859,038 0 0.00 94,194 1.67 0.0263
2020-11-13 2019-09-30 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 859,038 0 0.00 92,648 5.25 0.0284
2020-08-13 2019-06-30 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 859,038 0 0.00 88,025 6.51 0.0272
2020-05-11 2019-03-31 13F/A-2 AMERICAN FINANCIAL GROUP COM 025932104 859,038 0 0.00 82,648 6.28 0.0267
2019-03-04 2018-12-31 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 859,038 0 0.00 77,768 -18.42 0.0289
2019-12-02 2018-09-30 13F/A-3 AMERICAN FINANCIAL GROUP COM 025932104 859,038 0 0.00 95,327 3.39 0.0310
2019-12-02 2018-09-30 13F/A-2 AMERICAN FINANCIAL GROUP COM 025932104 859,038 0 95,327 0.0310
2019-11-12 2018-09-30 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 859,038 0 95,327 0.0310
2019-08-12 2018-06-30 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 859,038 -10,915 -1.25 92,201 -5.56 0.0317
2019-05-15 2018-03-31 13F/A-2 AMERICAN FINANCIAL GROUP COM 025932104 869,953 -24,670 -2.76 97,626 0.54 0.0353
2018-03-05 2017-12-31 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 894,623 0 0.00 97,102 4.92 0.0348
2018-11-13 2017-09-30 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 894,623 -38,493 -4.13 92,549 -0.19 0.0351
2018-07-24 2017-06-30 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 933,116 119,803 14.73 92,724 19.48 0.0368
2018-05-11 2017-03-31 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 813,313 106,065 15.00 77,606 24.52 0.0318
2017-03-02 2016-12-31 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 707,248 11,418 1.64 62,323 25.04 0.0272
2017-11-13 2016-09-30 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 695,830 -40,738 -5.53 49,844 -8.47 0.0236
2017-08-09 2016-06-30 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 736,568 -13,885 -1.85 54,454 3.11 0.0259
2017-05-10 2016-03-31 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 750,453 120,799 19.18 52,809 16.36 0.0260
2016-04-18 2015-12-31 13F/A-2 AMERICAN FINANCIAL GROUP COM 025932104 629,654 125,461 24.88 45,385 30.63 0.0226
2016-03-16 2015-12-31 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 629,654 0 45,385 0.0228
2016-11-14 2015-09-30 13F/A-2 AMERICAN FINANCIAL GROUP COM 025932104 504,193 0 0.00 34,744 5.95 0.0182
2016-08-12 2015-06-30 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 504,193 30,783 6.50 32,793 7.98 0.0164
2016-05-13 2015-03-31 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 473,410 0 0.00 30,369 5.65 0.0149
2015-03-19 2014-12-31 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 473,410 0 28,746 0.0147
2016-04-18 2014-12-31 13F/A-2 AMERICAN FINANCIAL GROUP COM 025932104 473,410 0 0.00 28,746 4.89 0.0146
2015-11-12 2014-09-30 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 473,410 0 0.00 27,406 -2.80 0.0148
2015-08-10 2014-06-30 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 473,410 -17,182 -3.50 28,196 -0.41 0.0152
2015-05-12 2014-03-31 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 490,592 0 0.00 28,312 -0.02 0.0160
2014-03-07 2013-12-31 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 490,592 -18,041 28,317 0.0173
2014-03-20 2013-12-31 13F/A-2 AMERICAN FINANCIAL GROUP COM 025932104 490,592 0 28,317 0.0167
2014-05-12 2013-12-31 13F/A-3 AMERICAN FINANCIAL GROUP COM 025932104 490,592 -18,041 -3.55 28,317 2.98 0.0163
2014-11-14 2013-09-30 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 508,633 0 0.00 27,497 10.53 0.0160
2014-08-14 2013-06-30 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 508,633 0 0.00 24,878 3.23 0.0155
2014-04-04 2013-03-31 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 508,633 114,554 24,099 0.0160
2014-05-12 2013-03-31 13F/A-2 AMERICAN FINANCIAL GROUP COM 025932104 508,633 114,554 29.07 24,099 61.35 0.0156
2013-11-14 2012-09-30 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 394,079 0 0.00 14,936 0.50 0.0101
2013-08-15 2012-06-30 13F/A-1 AMERICAN FINANCIAL GROUP COM 025932104 394,079 394,079 14,861 0.0119
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.