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

153.73 0.73 +0.48%
Market cap
$12.7B
P/E
13.4×
Fwd P/E
12.4×
Dividend yield
2.36%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

American Financial Group, Inc. (AFG) Operating margin

Alert me on 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

Against its own ten years

Low 7.40% High 21.8%
Ten-year median 13.3%
Current reading's percentile 83

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

The full definition of Operating margin →

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