8-K Announcements
6Apr 30, 2026·SEC
Feb 18, 2026·SEC
Feb 4, 2026·SEC
American Financial Group, Inc. (AFGB) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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American Financial Group, Inc. (AFGB) stock price & volume — 10-year historical chart
American Financial Group, Inc. (AFGB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
American Financial Group, Inc. (AFGB) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $2.29vs $2.52-9.1% | $1.9Bvs $1.7B+9.2% |
| Q1 2026 | Feb 3, 2026 | $3.65vs $3.27+11.6% | $1.8Bvs $1.9B-4.8% |
| Q4 2025 | Nov 4, 2025 | $2.58vs $2.52+2.4% | $2.3Bvs $2.0B+14.8% |
| Q3 2025 | Aug 5, 2025 | $2.08vs $2.08+0.0% | $1.9Bvs $1.7B+12.4% |
American Financial Group, Inc. (AFGB) competitors in Specialty and excess surplus insurers — business model, growth, and fundamentals comparison
American Financial Group, Inc. (AFGB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
American Financial Group, Inc. (AFGB) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 6.8B | 6.99B | 5.97B | 5.58B | 6.23B | 6.81B | 7.45B | 8.01B | 8.12B | 8.03B |
Revenue Growth % | 5.41% | 2.76% | -14.52% | -6.61% | 11.62% | 9.36% | 9.43% | 7.49% | 1.34% | -0.9% |
Medical Costs & Claims | -64M | -161M | 0 | 0 | -325M | 0 | 0 | 0 | 4.39B | 1.06B |
Medical Cost Ratio % | -0.94% | -2.3% | 0% | 0% | -5.22% | 0% | 0% | 0% | 54.06% | 13.21% |
Gross Profit | 6.87B▲ 0% | 7.15B▲ 4.2% | 5.97B▼ 16.4% | 5.58B▼ 6.6% | 6.55B▲ 17.4% | 6.81B▲ 3.9% | 7.45B▲ 9.4% | 8.01B▲ 7.5% | 3.73B▼ 53.4% | 5.11B▲ 0% |
Gross Margin % | 100.94% | 102.3% | 100% | 100% | 105.22% | 100% | 100% | 100% | 45.94% | 63.69% |
Gross Profit Growth % | 5.65% | 4.15% | -16.45% | -6.61% | 17.44% | 3.94% | 9.43% | 7.49% | -53.45% | - |
Operating Expenses | 776M | 825M | 47M | 47M | 41M | 36M | 36M | 41M | 2.66B | 601M |
OpEx / Revenue % | 11.41% | 11.8% | 0.79% | 0.84% | 0.66% | 0.53% | 0.48% | 0.51% | 32.72% | 7.49% |
Depreciation & Amortization | 107M | 210M | 0 | 0 | 187M | 0 | 0 | 0 | 0 | 0 |
Combined Ratio % | 10.47% | 9.5% | 0.79% | 0.84% | -4.56% | 0.53% | 0.48% | 0.51% | 86.78% | 20.7% |
Operating Income | 955M▲ 0% | 728M▼ 23.8% | 5.93B▲ 714.1% | 5.53B▼ 6.7% | 1.1B▼ 80.0% | 6.77B▲ 513.6% | 7.42B▲ 9.5% | 7.97B▲ 7.5% | 7.93B▼ 0.5% | 4.57B▲ 0% |
Operating Margin % | 14.04% | 10.42% | 99.21% | 99.16% | 17.73% | 99.47% | 99.52% | 99.49% | 97.72% | 56.97% |
Operating Income Growth % | -1.34% | -23.77% | 714.15% | -6.66% | -80.04% | 513.59% | 9.48% | 7.46% | -0.46% | - |
EBITDA | 1.06B | 938M | 5.93B | 5.53B | 1.29B | 6.77B | 7.42B | 7.97B | 1.15B | 2.55B |
EBITDA Margin % | 15.62% | 13.42% | 99.21% | 99.16% | 20.73% | 99.47% | 99.52% | 99.49% | 14.2% | 31.8% |
Interest Expense | 85M | 62M | 68M | 88M | 94M | 85M | 76M | 76M | 80M | 84M |
Non-Operating Income | -64M | -161M | 5.93B | 5.53B | -325M | 6.77B | 7.42B | 7.97B | -80M | 1.81B |
Pretax Income | 724M▲ 0% | 639M▼ 11.7% | 634M▼ 0.8% | 339M▼ 46.5% | 1.33B▲ 293.8% | 1.12B▼ 15.9% | 1.07B▼ 4.5% | 1.12B▲ 4.8% | 1.07B▼ 4.9% | 1.12B▲ 0% |
Pretax Margin % | 10.65% | 9.14% | 10.61% | 6.08% | 21.44% | 16.49% | 14.4% | 14.03% | 13.17% | 13.9% |
Income Tax | 247M | 122M | 143M | 25M | 254M | 225M | 221M | 237M | 231M | 236M |
Effective Tax Rate % | 34.12% | 19.09% | 22.56% | 7.37% | 19.03% | 20.04% | 20.6% | 21.09% | 21.61% | 21.15% |
Net Income | 475M▲ 0% | 530M▲ 11.6% | 897M▲ 69.2% | 732M▼ 18.4% | 1.34B▲ 82.9% | 898M▼ 32.9% | 852M▼ 5.1% | 887M▲ 4.1% | 842M▼ 5.1% | 879M▲ 0% |
Net Margin % | 6.98% | 7.58% | 15.02% | 13.12% | 21.5% | 13.19% | 11.43% | 11.07% | 10.37% | 10.95% |
Net Income Growth % | -26.81% | 11.58% | 69.25% | -18.39% | 82.92% | -32.93% | -5.12% | 4.11% | -5.07% | 10.01% |
EPS (Diluted) | 5.29▲ 0% | 5.85▲ 10.6% | 9.86▲ 68.5% | 8.21▼ 16.7% | 12.62▲ 53.7% | 10.53▼ 16.6% | 10.05▼ 4.6% | 10.57▲ 5.2% | 10.08▼ 4.6% | 10.55▲ 0% |
EPS Growth % | -27.83% | 10.59% | 68.55% | -16.73% | 53.72% | -16.56% | -4.56% | 5.17% | -4.64% | 10.71% |
EPS (Basic) | 5.41 | 5.96 | 9.98 | 8.25 | 12.70 | 10.55 | 10.06 | 10.57 | 10.10 | - |
Diluted Shares Outstanding | 89.8M | 90.6M | 91M | 89.2M | 85.6M | 85.3M | 84.8M | 83.9M | 83.5M | 83.3M |
American Financial Group, Inc. (AFGB) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 57.4B | 60B | 66.87B | 69.89B | 24.89B | 24.09B | 29.79B | 30.84B | 32.66B | 32.35B |
Asset Growth % | 9.42% | 4.55% | 11.44% | 4.52% | -64.4% | -3.19% | 23.65% | 3.52% | 5.91% | 45.7% |
Total Investment Assets | 1.8B | 1.78B | 2.84B | 0 | 1.67B | 1.83B | 1.94B | 0 | 0 | 0 |
Long-Term Investments | 1.8B | 1.78B | 2.84B | 0 | 1.67B | 1.83B | 1.94B | 0 | 0 | 0 |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Current Assets | 5.27B | 5.16B | 6.42B | 3.57B | 5.49B | 3.53B | 1.23B | 2.53B | 18.39B | 2.41B |
Cash & Equivalents | 2.34B | 1.51B | 2.31B | 1.67B | 2.13B | 872M | 1.23B | 1.41B | 17.18B | 1.35B |
Receivables | 1.03B | 1.09B | 975M | 0 | 0 | 0 | 0 | 1.12B | 1.21B | 5.22B |
Other Current Assets | 0 | 0 | 4.1B | 1.91B | 4.22B | 3.54B | 2.4B | 0 | 0 | 0 |
Goodwill & Intangibles | 1.44B | 1.94B | 1.29B | 454M | 552M | 642M | 827M | 508M | 327M | 1.48B |
Goodwill | 199M | 207M | 207M | 176M | 246M | 246M | 305M | 305M | 327M | 327M |
Intangible Assets | 1.24B | 1.74B | 1.08B | 278M | 306M | 396M | 522M | 203M | 0 | 0 |
PP&E (Net) | 39.55B | 41.67B | 158M | 139M | 118M | 103M | 176M | 212M | 0 | 0 |
Other Assets | 8.48B | 8.58B | 55.16B | 65.34B | 16.67B | 17.61B | 25.21B | -878M | 0 | 0 |
Total Liabilities | 52.06B | 55.03B | 60.6B | 63.1B | 19.87B | 20.04B | 25.53B | 26.37B | 27.84B | 27.68B |
Total Debt | 1.3B | 1.3B | 1.65B | 2.12B | 2.1B | 1.61B | 1.5B | 1.48B | 1.82B | 1.82B |
Net Debt | -1.04B | -213M | -661M | 457M | -31M | 740M | 272M | 69M | -15.36B | 467M |
Long-Term Debt | 1.3B | 1.3B | 2.58B | 1.96B | 1.96B | 1.5B | 1.5B | 1.48B | 1.82B | 1.82B |
Short-Term Debt | 0 | 0 | 46M | 0 | 38M | 36M | 0 | 0 | 0 | 0 |
Total Current Liabilities | 7.05B | 7.14B | 7.68B | 7.91B | 8.51B | 9.03B | 9.8B | 10.19B | 0 | 0 |
Accounts Payable | 743M | 752M | 814M | 807M | 920M | 1.03B | 1.19B | 0 | 0 | 0 |
Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 6.31B | 6.39B | 6.82B | 7.1B | 7.55B | 7.96B | 8.61B | 10.19B | 0 | 0 |
Deferred Taxes | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 0 | 0 | 0 |
Other Liabilities | 43B | 46.08B | 0 | 0 | 8.99B | 9.24B | 24.03B | 0 | 26.02B | 0 |
Total Equity | 5.33B▲ 0% | 4.97B▼ 6.7% | 6.27B▲ 26.1% | 6.79B▲ 8.3% | 5.01B▼ 26.2% | 4.05B▼ 19.2% | 4.26B▲ 5.1% | 4.47B▲ 4.9% | 4.82B▲ 7.9% | 4.68B▲ 0% |
Equity Growth % | 8.38% | -6.73% | 26.09% | 8.29% | -26.17% | -19.15% | 5.08% | 4.88% | 7.93% | 13.37% |
Shareholders Equity | 5.33B | 4.97B | 6.27B | 6.79B | 5.01B | 4.05B | 4.26B | 4.47B | 4.82B | 4.68B |
Minority Interest | 1M | 2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Earnings | 3.25B | 3.59B | 4.01B | 4.15B | 3.48B | 3.14B | 3.12B | 3.21B | 3.36B | 3.29B |
Common Stock | 88M | 89M | 90M | 86M | 85M | 85M | 84M | 84M | 83M | 83M |
Accumulated OCI | 813M | 48M | 863M | 1.27B | 119M | -543M | -319M | -240M | -50M | -127M |
Return on Equity (ROE) | 9.27% | 10.29% | 15.96% | 11.21% | 22.69% | 19.81% | 20.51% | 20.33% | 18.13% | 18.97% |
Return on Assets (ROA) | 0.86% | 0.9% | 1.41% | 1.07% | 2.83% | 3.67% | 3.16% | 2.93% | 2.65% | 2.71% |
Equity / Assets | 9.29% | 8.29% | 9.37% | 9.71% | 20.14% | 16.82% | 14.29% | 14.48% | 14.76% | 14.46% |
Debt / Equity | 0.24x | 0.26x | 0.26x | 0.31x | 0.42x | 0.40x | 0.35x | 0.33x | 0.38x | 0.39x |
Book Value per Share | 59.37 | 54.88 | 68.89 | 76.11 | 58.55 | 47.50 | 50.21 | 53.23 | 57.72 | 56.16 |
Tangible BV per Share | 43.32 | 33.43 | 54.75 | 71.02 | 52.10 | 39.98 | 40.46 | 47.18 | 53.81 | 52.23 |
American Financial Group, Inc. (AFGB) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 1.8B | 2.08B | 2.46B | 2.18B | 1.71B | 1.15B | 1.97B | 1.15B | 1.53B | 1.67B |
Operating CF Growth % | 56.87% | 15.47% | 17.91% | -11.12% | -21.48% | -32.73% | 70.86% | -41.52% | 33.07% | 319.02% |
Operating CF / Revenue % | 26.53% | 29.8% | 41.11% | 39.13% | 27.53% | 16.93% | 26.44% | 14.38% | 18.89% | 20.74% |
Net Income | 475M | 530M | 897M | 325M | 1.08B | 898M | 852M | 887M | 842M | 879M |
Depreciation & Amortization | 107M | 210M | 0 | 299M | 0 | 0 | 0 | 81M | 0 | 47M |
Stock-Based Compensation | 30M | 23M | 0 | 20M | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes | 0 | 0 | 0 | -618M | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 877M | 1.52B | 883M | 1.74B | 244M | 208M | 111M | -26M | 81M | 419M |
Working Capital Changes | 559M | 245M | 676M | 418M | 389M | 47M | 1.01B | 210M | 610M | 320M |
Cash from Investing | -3.29B | -5.35B | -3.06B | -1.56B | -436M | -1.05B | 414M | 95M | -835M | -845M |
Capital Expenditures | -109M | -80M | -44M | -60M | -62M | -86M | -72M | -133M | 0 | -110M |
Acquisitions | 55M | -20M | 4M | -420M | 1.45B | 21M | -205M | 21M | 0 | -2M |
Purchase of Investments | -13.73B | -14.01B | -11.33B | -13.51B | -10.94B | -6.55B | -3.77B | -4.64B | 0 | -3.31B |
Sale/Maturity of Investments | 10.49B | 8.73B | 8.31B | 12.43B | 9.08B | 5.57B | 4.46B | 4.85B | 0 | 3.09B |
Other Investing | 2M | 30M | -3M | -1M | 32M | -4M | -6M | -5M | -835M | -511M |
Cash from Financing | 1.72B | 2.44B | 1.41B | -123M | -1.96B | -1.36B | -2.03B | -1.07B | -377M | -117M |
Dividends Paid | -417M | -394M | -444M | -334M | -2.37B | -1.21B | -684M | -788M | -606M | -571M |
Share Repurchases | 0 | -6M | 0 | -313M | -319M | -11M | -213M | 0 | -99M | -101M |
Stock Issued | 37M | 33M | 36M | 22M | 66M | 16M | 15M | 17M | 12M | 11M |
Debt Issuance (Net) | -1000K | 0 | 1000K | 1000K | 0 | -1000K | -1000K | 0 | 1000K | 1000K |
Other Financing | 2.17B | 2.84B | 1.65B | 18M | 670M | 324M | -1.13B | -295M | -28M | 142M |
Net Change in Cash | 231M▲ 0% | -823M▼ 456.3% | 799M▲ 197.1% | -649M▼ 181.2% | 466M▲ 171.8% | -1.26B▼ 370.2% | 353M▲ 128.0% | 181M▼ 48.7% | 321M▲ 77.3% | 77M▲ 0% |
Exchange Rate Effect | -3.27B | -5.62B | 0 | -1.15B | 1.15B | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 2.11B | 2.34B | 1.51B | 2.31B | 1.67B | 2.13B | 872M | 1.23B | 1.41B | 1.73B |
Cash at End | 2.34B | 1.51B | 2.31B | 1.67B | 2.13B | 872M | 1.23B | 1.41B | 1.73B | 1.35B |
Free Cash Flow | 1.7B▲ 0% | 2B▲ 18.2% | 2.41B▲ 20.4% | 2.12B▼ 12.0% | 1.65B▼ 22.2% | 1.07B▼ 35.4% | 1.9B▲ 77.9% | 1.02B▼ 46.3% | 1.4B▲ 37.2% | 1.55B▲ 0% |
FCF Growth % | 53.95% | 18.17% | 20.42% | -11.98% | -22.19% | -35.41% | 77.88% | -46.31% | 37.19% | 22.73% |
FCF Margin % | 24.92% | 28.66% | 40.37% | 38.05% | 26.53% | 15.67% | 25.47% | 12.72% | 17.22% | 19.37% |
FCF per Share | 18.88 | 22.11 | 26.51 | 23.8 | 19.3 | 12.51 | 22.38 | 12.15 | 16.74 | 18.67 |
American Financial Group, Inc. (AFGB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Combined Ratio | 10.47% | 9.5% | 0.79% | 0.84% | -4.56% | 0.53% | 0.48% | 0.51% | 86.78% | 20.7% |
Medical Cost Ratio | -0.94% | -2.3% | 0% | 0% | -5.22% | 0% | 0% | 0% | 54.06% | 13.21% |
Return on Equity (ROE) | 9.27% | 10.29% | 15.96% | 11.21% | 22.69% | 19.81% | 20.51% | 20.33% | 18.13% | 18.97% |
Return on Assets (ROA) | 0.86% | 0.9% | 1.41% | 1.07% | 2.83% | 3.67% | 3.16% | 2.93% | 2.65% | 2.71% |
Equity / Assets | 9.29% | 8.29% | 9.37% | 9.71% | 20.14% | 16.82% | 14.29% | 14.48% | 14.76% | 14.46% |
Book Value / Share | 59.37 | 54.88 | 68.89 | 76.11 | 58.55 | 47.5 | 50.21 | 53.23 | 57.72 | 56.16 |
Debt / Equity | 0.24x | 0.26x | 0.26x | 0.31x | 0.42x | 0.40x | 0.35x | 0.33x | 0.38x | 0.39x |
Revenue Growth | 5.41% | 2.76% | -14.52% | -6.61% | 11.62% | 9.36% | 9.43% | 7.49% | 1.34% | -0.9% |
American Financial Group, Inc. (AFGB) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 30, 2026·SEC
Feb 18, 2026·SEC
Feb 4, 2026·SEC
American Financial Group, Inc. (AFGB) stock FAQ — growth, dividends, profitability & financials explained
American Financial Group, Inc. (AFGB) grew revenue by 1.3% over the past year. Growth has been modest.
Yes, American Financial Group, Inc. (AFGB) is profitable, generating $879.0M in net income for fiscal year 2025 (10.4% net margin).
Yes, American Financial Group, Inc. (AFGB) pays a dividend with a yield of 35.51%. This makes it attractive for income-focused investors.
American Financial Group, Inc. (AFGB) has a return on equity (ROE) of 18.1%. This is reasonable for most industries.
American Financial Group, Inc. (AFGB) has a combined ratio of 86.8%. A ratio below 100% indicates underwriting profitability.