American Financial Group Inc (AFG) Financial Statements
Industry: Fire, Marine & Casualty Insurance
In fiscal 2025, American Financial reported revenue of $8.17B, down 1.8% from $8.32B the year before. Net income was $842.0M (a 10.3% net margin), or $10.08 per diluted share. Gross margin was 46.3% and operating margin was 13.1%. Operating activities generated $1.53B of cash. At fiscal year end, American Financial held $32.64B in total assets against $27.82B in total liabilities, including $1.73B of cash and equivalents.
Open the full interactive American Financial financials → Quarterly statements, key ratios, valuation history and price charts.
American Financial Key Stats
| Share Price | $144.61 |
|---|---|
| Market Cap | $12.00B |
| P/E Ratio | 14.3 |
| Revenue YoY Growth | -1.8% |
| 52-Week Range | $122.57 – $146.73 |
| Shares Outstanding | 83.0 million (basic, 2026 Q2) |
American Financial Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $7.91B | $6.55B | $7.04B | $7.83B | $8.32B | $8.17B |
| Cost of Goods Sold | $0 | $0 | — | — | $4.46B | $4.39B |
| Gross Profit | $7.91B | $6.55B | — | — | $3.86B | $3.79B |
| Operating Income | $848.0M | $1.33B | $1.12B | $1.07B | $1.12B | $1.07B |
| Pre-Tax Income | $848.0M | $2.25B | $1.12B | $1.07B | $1.12B | $1.07B |
| Income Tax | $127.0M | $254.0M | $225.0M | $221.0M | $237.0M | $231.0M |
| Net Income | $732.0M | $2.00B | $898.0M | $852.0M | $887.0M | $842.0M |
| Diluted EPS | $8.20 | $23.30 | $10.53 | $10.05 | $10.57 | $10.08 |
American Financial Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.33B | $2.06B | $1.85B | $2.03B |
| Net Income | $215.0M | $299.0M | $191.0M | $248.0M |
| Diluted EPS | $2.58 | $3.58 | $2.29 | $2.99 |
American Financial Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.81B | $2.13B | $872.0M | $1.23B | $1.41B | $1.73B |
| Total Assets | $73.57B | $28.93B | $28.83B | $29.79B | $30.84B | $32.64B |
| Total Long-Term Debt | $1.96B | $1.96B | $1.50B | $1.48B | $1.48B | $1.82B |
| Total Liabilities | $66.78B | $23.92B | $24.78B | $25.53B | $26.37B | $27.82B |
| Shareholders' Equity | $6.79B | $5.01B | $4.05B | $4.26B | $4.47B | $4.82B |
American Financial Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.18B | $1.71B | $1.15B | $1.97B | $1.15B | $1.53B |
| Cash From Investing | -$1.56B | -$436.0M | -$1.05B | $414.0M | $95.0M | -$835.0M |
| Cash From Financing | -$123.0M | -$1.96B | -$1.36B | -$2.03B | -$1.07B | -$377.0M |
Figures from American Financial's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full American Financial financials page for every line item.
American Financial Company Profile
| Ticker | AFG |
|---|---|
| Exchange | NYSE |
| Industry | Fire, Marine & Casualty Insurance |
| Headquarters | Cincinnati, Ohio |
| Incorporated in | Ohio |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001042046 |
Frequently Asked Questions
What was American Financial's revenue in fiscal 2025?
American Financial (AFG) reported revenue of $8.17B for fiscal 2025.
What is American Financial's annual revenue history?
American Financial's annual revenue by fiscal year: 2020: $7.91B; 2021: $6.55B; 2022: $7.04B; 2023: $7.83B; 2024: $8.32B; 2025: $8.17B.
What was American Financial's net income in fiscal 2025?
American Financial reported net income of $842.0M for fiscal 2025.
What was American Financial's earnings per share (EPS) in fiscal 2025?
American Financial's diluted EPS was $10.08 for fiscal 2025 (adjusted for any later stock splits).
What was American Financial's revenue last quarter?
In its most recent reported quarter (2026 Q2), American Financial reported revenue of $2.03B.
How much debt does American Financial have?
American Financial reported $1.82B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of American Financial are outstanding?
American Financial reported a weighted average of 83.0 million basic shares outstanding in 2026 Q2.
What is American Financial's market cap?
Based on its latest closing price, American Financial (AFG) has a market capitalization of about $12.00B.
When does American Financial's fiscal year end?
American Financial's fiscal year end, as registered with the SEC, is December 31.
Where is American Financial headquartered?
American Financial lists its business address in Cincinnati, Ohio in its SEC filings.