American Financial Group, Inc.
AFG Financial Insurance Property & Casualty
American Financial Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.2 billion, down 1.80% from fiscal 2024.
- Revenue
- +5.51%
- EPS
- +44.4%
- Free cash flow
- −68.1%
- Total debt
- +23.4%
Quarter to June 2026, against a year earlier
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American Financial Group, Inc. (AFG) Operating margin
American Financial Group, Inc.'s operating margin over the twelve months to 30 June 2026 was 15.6%, up 1.5 percentage points from fiscal 2025 (14.1%). Over the past ten years it has ranged from 7.40% (fiscal 2020) to 21.8% (fiscal 2021); the current reading is higher than 64% of that period. That is above the Insurance Property & Casualty industry median of 14.7% and above the Financial sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 14.1% | (0.31) |
| FY2024 | 14.4% | (0.26) |
| FY2023 | 14.7% | (2.48) |
| FY2022 | 17.2% | (4.65) |
| FY2021 | 21.8% | 14.41 |
| FY2020 | 7.40% | (3.90) |
| FY2019 | 11.3% | 1.50 |
| FY2018 | 9.80% | (1.98) |
| FY2017 | 11.8% | (1.52) |
| FY2016 | 13.3% | 2.89 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 16.8% | 2.62 |
| Mar 2026 | 14.1% | (5.36) |
| Dec 2025 | 19.5% | 7.18 |
| Sep 2025 | 12.3% | (0.58) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| KNSL Kinsale Capital Group, Inc. compare | 34.3% |
| RLI RLI Corp. compare | 26.4% |
| AFG American Financial Group, Inc. | 15.6% |
| MKL Markel Group Inc. compare | 15.3% |
| ORI Old Republic International Corporation compare | 14.9% |
| THG The Hanover Insurance Group, Inc. compare | 14.7% |
| L Loews Corporation compare | 12.5% |
| AIZ Assurant, Inc. compare | 10.7% |
| CNA CNA Financial Corporation compare | 9.38% |
| Insurance Property & Casualty industry median | 14.7% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on AFG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement