American Financial Group, Inc. (AFG) Earnings History
Annual and quarterly earnings data from 1983 to 2025
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AFG EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
AFG Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 46.3% | 13.1% | 10.3% |
| 2024 | 17.8% | 13.6% | 10.7% |
| 2023 | 17.5% | 13.9% | 11.0% |
| 2022 | 17.7% | 16.6% | 13.3% |
| 2021 | 22.0% | 21.4% | 32.0% |
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American Financial Group, Inc. (AFG) Earnings Overview
As of May 6, 2026, American Financial Group, Inc. (AFG) reported trailing twelve-month net income of $842M, reflecting -4.6% year-over-year growth. The company earned $10.10 per diluted share over the past four quarters, with a net profit margin of 10.3%.
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 46.3%, operating margin of 13.1%, and net margin of 10.3%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including MKL ($1.77B net income, 12.7% margin), RLI ($395M net income, 21.4% margin), HIG ($4.06B 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 | 10.3% | 13.1% |
| 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% |
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Start ComparisonAFG — Frequently Asked Questions
Quick answers to the most common questions about buying AFG stock.
Is AFG growing earnings?
AFG EPS of $10.10 reflects slowing growth at -4.6%, below the 5-year CAGR of +4.2%. TTM net income is $842M. Expansion rate has moderated.
What are AFG's profit margins?
American Financial Group, Inc. net margin is +10.3%, with operating margin at +13.1%. Margins sit within typical range for the sector.
How consistent are AFG's earnings?
AFG earnings data spans 1983-2025. The current earnings trend is -4.6% YoY. Historical data enables comparison across business cycles.