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AFG Group history
AFG Group company history timeline
The Specialty Finance Group (SFG) started in 1990 as part of Cargill Leasing Corporation (CLC) within the financial services division of Cargill, Inc.
In 1990, the General Services Administration awarded AFG with its first major project and construction management services contract in Washington, DC. Clients included the White House Projects Office, National Institutes of Health, Smithsonian Institution, and the US Postal Service.
In 1992, Great American Custom was founded.
In 1995, American Financial Corporation (AFC) combined with American Premier Underwriters to form the publicly traded organization American Financial Group, Inc., listed on the New York Stock Exchange (NYSE: AFG).
In June 1998, Cargill was presented with the opportunity to sell the profitable CLC for a large gain.
In the fall of 1998 Firstar merged with Star Bank, N.A. out of Cincinnati, Ohio.
In 2000, the Financial Institution Services was established.
By the summer of 2001, the SFG portfolio had grown to $1 billion with close to 5,000 customers.
AFG has continued to meet those needs since its founding in 2001.
In 2005, the company acquired Farmer’s Crop Insurance Alliance.
In 2007, AFG acquired all minority shares of Great American Financial Resources, Inc.
In 2008, AFG acquired Strategic Comp & Marketform Group Ltd.
In 2012, AFG acquired Employers Comp Associates (ECA). That year, the Public Sector Division was also established.
In 2014, AFG acquired Summit Holding Southeast, Inc.
In 2018, AFG acquired Tank Owner Members Insurance Company (TOMIC) business and ABA Insurance Services Inc. (ABAIS).
In 2021, the Annuity Business was sold to MassMutual.
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AFG Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Primerica | 1977 | $602.0M | 2,104 | 75 |
| Prudential Retirement Insurance And Annuity Co | - | $57 | 41,671 | - |
| Fireman's Fund Insurance Company | 1863 | $723.0M | 2,000 | - |
| Stifel Financial | 1890 | $49.8M | 7,100 | 140 |
| MBIA | 1973 | $189.0M | 89 | - |
| Globe Life | 1951 | $4.3B | 3,102 | 154 |
| Walker & Dunlop | 1937 | $20.4B | 900 | 104 |
| M&T Bank | 1856 | $499.3M | 16,840 | 1,058 |
| Centene | 1984 | $163.1B | 65,000 | 534 |
| Wieland-davco | 1958 | $610,000 | 4 | - |
AFG Group history FAQs
Zippia gives an in-depth look into the details of AFG Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about AFG Group. The employee data is based on information from people who have self-reported their past or current employments at AFG Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by AFG Group. The data presented on this page does not represent the view of AFG Group and its employees or that of Zippia.
AFG Group may also be known as or be related to AFG Group, Afg Group Inc. and Afg Group, Inc.