AFG
American Financial Group Inc
NYSE: AFG · FINANCIAL SERVICES · INSURANCE - PROPERTY & CASUALTY
$129.42
-1.48% today
Updated 2026-04-29
Market cap
$10.75B
P/E ratio
12.84
P/S ratio
1.35x
EPS (TTM)
$10.08
Dividend yield
2.56%
52W range
$114 – $143
Volume
0.6M
American Financial Group Inc (AFG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.25B | $4.38B | $4.29B | $4.32B | $4.50B | $4.64B | $4.96B | $5.10B | $5.73B | $6.14B | $6.50B | $6.87B | $6.99B | $6.12B | $5.67B | $6.23B | $6.77B | $7.73B | $8.28B | $8.17B |
| Revenue growth (YoY) | — | +3.0% | -2.0% | +0.6% | +4.1% | +3.2% | +6.8% | +2.9% | +12.3% | +7.2% | +5.7% | +5.6% | +1.8% | -12.5% | -7.3% | +9.9% | +8.7% | +14.1% | +7.1% | -1.3% |
| Cost of revenue | $2.88B | $2.32B | $2.55B | $2.17B | $3.33B | $3.71B | $4.02B | $4.02B | $4.75B | $5.17B | $5.28B | $5.63B | $6.06B | $5.49B | $5.37B | $4.86B | $5.58B | $6.37B | $6.80B | $4.39B |
| Gross profit | $1.37B | $2.05B | $1.74B | $2.15B | $1.17B | $928.00M | $938.00M | $1.09B | $980.00M | $976.00M | $1.22B | $1.23B | $933.00M | $628.00M | $301.00M | $1.37B | $1.20B | $1.35B | $1.47B | $3.79B |
| Gross margin | 32.2% | 46.9% | 40.5% | 49.8% | 26.0% | 20.0% | 18.9% | 21.3% | 17.1% | 15.9% | 18.7% | 17.9% | 13.3% | 10.3% | 5.3% | 22.0% | 17.7% | 17.5% | 17.8% | 46.3% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | — | $524.00M | $463.00M | $463.00M | $395.00M | $434.00M | $404.00M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | $36.00M | $41.00M | $42.00M |
| Operating income | $694.40M | $638.90M | $315.90M | $812.00M | $694.00M | $558.00M | $537.00M | $689.00M | $626.00M | $565.00M | $787.00M | $724.00M | $639.00M | $634.00M | $339.00M | $1.33B | $1.12B | $1.07B | $1.12B | $1.07B |
| Operating margin | 16.3% | 14.6% | 7.4% | 18.8% | 15.4% | 12.0% | 10.8% | 13.5% | 10.9% | 9.2% | 12.1% | 10.5% | 9.1% | 10.4% | 6.0% | 21.4% | 16.6% | 13.9% | 13.6% | 13.1% |
| EBITDA | $933.90M | $904.50M | $606.40M | $1.08B | $974.00M | $812.00M | $869.00M | $902.00M | $844.00M | $774.00M | $998.00M | $916.00M | $911.00M | $961.00M | $726.00M | $1.62B | $1.31B | $1.23B | $1.28B | $1.24B |
| EBITDA margin | 22.0% | 20.7% | 14.1% | 24.9% | 21.7% | 17.5% | 17.5% | 17.7% | 14.7% | 12.6% | 15.4% | 13.3% | 13.0% | 15.7% | 12.8% | 25.9% | 19.3% | 15.9% | 15.5% | 15.2% |
| EBIT | $766.90M | $710.20M | $385.90M | $879.00M | $772.00M | $632.00M | $612.00M | $760.00M | $700.00M | $640.00M | $864.00M | $809.00M | $701.00M | $702.00M | $427.00M | $1.43B | $1.21B | $1.15B | $1.20B | $1.15B |
| Interest expense | $72.50M | $71.30M | $70.00M | $67.00M | $78.00M | $74.00M | $75.00M | $71.00M | $74.00M | $75.00M | $77.00M | $85.00M | $62.00M | $68.00M | $88.00M | $94.00M | $85.00M | $76.00M | $76.00M | $80.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $453.40M | $383.20M | $195.80M | $519.00M | $482.00M | $342.00M | $488.00M | $471.00M | $452.00M | $352.00M | $649.00M | $475.00M | $530.00M | $897.00M | $732.00M | $2.00B | $898.00M | $852.00M | $887.00M | $842.00M |
| Net income growth (YoY) | — | -15.5% | -48.9% | +165.1% | -7.1% | -29.0% | +42.7% | -3.5% | -4.0% | -22.1% | +84.4% | -26.8% | +11.6% | +69.2% | -18.4% | +172.5% | -55.0% | -5.1% | +4.1% | -5.1% |
| Profit margin | 10.7% | 8.8% | 4.6% | 12.0% | 10.7% | 7.4% | 9.8% | 9.2% | 7.9% | 5.7% | 10.0% | 6.9% | 7.6% | 14.7% | 12.9% | 32.0% | 13.3% | 11.0% | 10.7% | 10.3% |