American Financial Group, Inc. (AFG) Earnings History
Steady Earner43 years of earnings data (1983–2025) · Positive but moderate multi-year EPS trajectory
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American Financial Group, Inc. (AFG) Earnings Overview
As of October 25, 2026, American Financial Group, Inc. (AFG) reported trailing twelve-month net income of $953M, reflecting -4.6% year-over-year growth. The company earned $11.48 per diluted share over the past four quarters, with a net profit margin of 10.4%.
Looking at the long-term picture, AFG's 5-year EPS compound annual growth rate (CAGR) stands at +4.2%, reflecting modest earnings expansion. The company achieved its highest annual net income of $2.00B in fiscal 2021.
American Financial Group, Inc. maintains positive profitability with a gross margin of 17.6%, operating margin of 13.2%, and net margin of 10.4%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including MKL ($2.28B net income, 12.7% margin), RLI ($395M net income, 21.4% margin), HIG ($4.37B net income, 13.6% margin), AFG has room to improve margins relative to the peer group. Compare AFG vs MKL →
AFG Earnings vs Peers
Earnings metrics vs comparable public companies
AFG Historical Earnings Data (1983–2025)
43 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $842M | -5.1% | $1.07B | $10.08 | 10.4% | 13.2% |
| 2024 | $887M | +4.1% | $1.12B | $10.57 | 10.7% | 13.6% |
| 2023 | $852M | -5.1% | $1.07B | $10.05 | 11.0% | 13.9% |
| 2022 | $898M | -55.0% | $1.12B | $10.53 | 13.3% | 16.6% |
| 2021 | $2.00B | +172.5% | $1.33B | $23.30 | 32.0% | 21.4% |
| 2020 | $732M | -18.4% | $339M | $8.21 | 12.9% | 6.0% |
| 2019 | $897M | +69.2% | $634M | $9.86 | 14.7% | 10.4% |
| 2018 | $530M | +11.6% | $639M | $5.85 | 7.6% | 9.1% |
| 2017 | $475M | -26.8% | $724M | $5.28 | 6.9% | 10.5% |
| 2016 | $649M | +84.4% | $787M | $7.33 | 10.0% | 12.1% |
| 2015 | $352M | -22.1% | $565M | $3.94 | 5.7% | 9.2% |
| 2014 | $452M | -4.0% | $626M | $4.97 | 7.9% | 10.9% |
| 2013 | $471M | -3.5% | $689M | $5.16 | 9.2% | 13.5% |
| 2012 | $488M | +42.7% | $537M | $5.09 | 9.8% | 10.8% |
| 2011 | $342M | -29.0% | $558M | $3.33 | 7.4% | 12.0% |
| 2010 | $482M | -7.1% | $694M | $4.36 | 10.7% | 15.4% |
| 2009 | $519M | +165.1% | $812M | $4.45 | 12.0% | 18.8% |
| 2008 | $196M | -48.9% | $316M | $1.67 | 4.6% | 7.4% |
| 2007 | $383M | -15.5% | $639M | $3.10 | 8.8% | 14.6% |
| 2006 | $453M | +119.5% | $694M | $3.75 | 10.7% | 16.3% |
| 2005 | $207M | -42.6% | $327M | $1.75 | 5.2% | 8.2% |
| 2004 | $360M | +22.4% | $585M | $3.21 | 9.3% | 15.1% |
| 2003 | $294M | +245.9% | $296M | $2.75 | 8.8% | 8.9% |
| 2002 | $85M | +666.7% | $171M | $0.82 | 2.3% | 4.6% |
| 2001 | -$15M | +73.2% | $86M | $-0.15 | -0.4% | 2.2% |
| 2000 | -$56M | -139.6% | $110M | $-0.63 | -1.5% | 2.9% |
| 1999 | $141M | +13.7% | $302M | $1.57 | 4.2% | 9.0% |
| 1998 | $124M | -35.3% | $274M | $1.33 | 3.1% | 6.7% |
| 1997 | $192M | -17.6% | $2.79B | $0.43 | 4.8% | 69.4% |
| 1996 | $233M | +22.0% | $2.88B | $2.53 | 5.7% | 70.0% |
| 1995 | $191M | +63633.3% | $2.54B | $2.57 | 5.3% | 70.1% |
| 1994 | $300,000 | -99.9% | $1.31B | $-0.55 | 0.0% | 74.3% |
| 1993 | $232M | -24.0% | $1.31B | $4.57 | 13.2% | 74.1% |
| 1992 | $305M | +11646.2% | $1.54B | $4.32 | 16.6% | 83.8% |
| 1991 | $3M | -97.3% | $1.64B | $0.02 | 0.2% | 96.1% |
| 1990 | $98M | -43.8% | $1.95B | $1.07 | 4.5% | 90.6% |
| 1989 | $174M | +68.4% | $1.55B | $1.65 | 10.1% | 90.1% |
| 1988 | $103M | +185.6% | $1.42B | $0.97 | 6.7% | 91.7% |
| 1987 | $36M | -76.5% | $1.20B | $0.31 | 2.5% | 84.4% |
| 1986 | $154M | +39.2% | $2.07B | $1.29 | 6.5% | 86.7% |
| 1985 | $111M | -34.8% | $2.19B | $0.92 | 4.4% | 86.8% |
| 1984 | $170M | +762.9% | $254M | $1.27 | 6.6% | 9.9% |
| 1983 | $20M | - | $52M | $0.16 | 0.8% | 2.0% |
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Historical Returns
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AFG — Frequently Asked Questions
Quick answers to the most common questions about buying AFG stock.
What is AFG earnings per share (EPS)?
AFG trailing twelve-month (TTM) diluted EPS is $11.48, reflecting -4.6% year-over-year growth. The 5-year EPS CAGR is +4.2%. Complete EPS history from 1983 to 2025 is available in the table on this page.
What is American Financial Group, Inc.'s net income?
American Financial Group, Inc. (AFG) trailing twelve-month net income is $953M as of 2025. Earnings declined -4.6% year-over-year. American Financial Group, Inc. has been profitable for 24 consecutive years.
Is AFG profitable?
Yes, AFG is profitable with a TTM net income of $953M and a net profit margin of +10.4%. American Financial Group, Inc. has generated profits for 24 consecutive years.
What is AFG's earnings growth rate?
AFG compound annual EPS growth rates (CAGR): 1-Year: -4.6%, 3-Year: -1.4%, 5-Year: +4.2%, 10-Year: +9.8%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1983 to 2025.
What are AFG's profit margins?
American Financial Group, Inc. net profit margin is +10.4%, operating margin is +13.2%, and gross margin is +17.6%. Margins are within a typical range for the sector. Return on Equity is +18.1%.
Is AFG growing earnings?
AFG earnings growth is slowing. Current YoY EPS growth of -4.6% trails the 5-year CAGR of +4.2%. TTM net income is $953M.
What was AFG's best earnings year?
American Financial Group, Inc.'s highest annual net income on record is $2.0B, achieved in fiscal year 2021. Earnings history on this page spans 1983 to 2025 and includes all annual and quarterly figures.
What were AFG's earnings last quarter?
AFG's most recent reported quarter was Q2 2026. Net income was $248M with diluted EPS of $2.99. For a full breakdown of all quarters, see the quarterly earnings table on this page.