American Financial Group Financial Statements
NYSE: AFGFinanceProperty-Casualty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
American Financial Group revenue and earnings
In fiscal 2025, American Financial Group generated $8.17 billion in revenue, down 1.8% from fiscal 2024, its first annual decline since 2020. Net income was $842.0 million (-5.1% year over year), for a net margin of 10.3% versus a median of 12.7% in the prior 5 years. Operating margin was 13.1%.
Diluted earnings per share came in at $10.08, down from $10.57. Over the last 5 fiscal years, AFG's revenue has grown at a 7.2% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
American Financial Group income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8.17B | 8.32B | 7.83B | 7.04B | 6.55B | 5.77B | 6.21B | 7.15B | 6.87B | 6.50B |
| Revenue growth (YoY) | -1.80% | +6.35% | +11.18% | +7.45% | +13.57% | -7.15% | -13.10% | +4.15% | +5.65% | +5.74% |
| Operating Expenses | 7.10B | 7.20B | 6.75B | 5.92B | 5.22B | 5.43B | 5.58B | 6.51B | 6.14B | 5.71B |
| Selling, General & Admin | 2.06B | 2.01B | 1.94B | 1.72B | 1.55B | 1.63B | — | — | — | — |
| Operating Income | 1.07B | 1.12B | 1.07B | 1.12B | 1.33B | 339.00M | 634.00M | 639.00M | 724.00M | 787.00M |
| Interest Expense | 80.00M | 76.00M | 76.00M | 85.00M | 94.00M | 88.00M | 68.00M | 62.00M | 85.00M | 77.00M |
| Pretax Income | 1.03B | 1.09B | 1.04B | — | — | 848.00M | 1.11B | 639.00M | 724.00M | 787.00M |
| Income Tax | 231.00M | 237.00M | 221.00M | 225.00M | 254.00M | 25.00M | 143.00M | 122.00M | 247.00M | 119.00M |
| Net Income | 842.00M | 887.00M | 852.00M | 898.00M | 2.00B | 732.00M | 897.00M | 530.00M | 475.00M | 649.00M |
| Net Income growth (YoY) | -5.07% | +4.11% | -5.12% | -54.99% | +172.54% | -18.39% | +69.25% | +11.58% | -26.81% | +84.38% |
| EPS (Basic) | 10.08 | 10.57 | 10.06 | 10.55 | 23.44 | 8.25 | 9.98 | 5.95 | 5.40 | 7.47 |
| EPS (Diluted) | 10.08 | 10.57 | 10.05 | 10.53 | 23.30 | 8.20 | 9.85 | 5.85 | 5.28 | 7.33 |
| Shares Outstanding (Basic) | 83.50M | 83.90M | 84.70M | 85.10M | 85.10M | 88.70M | 89.90M | 89.00M | 87.80M | 86.90M |
| Shares Outstanding (Diluted) | 83.50M | 83.90M | 84.80M | 85.30M | 85.60M | 89.20M | 91.00M | 90.60M | 89.80M | 88.50M |
| EBITDA | 1.16B | 1.21B | 1.15B | 1.22B | 1.52B | 638.00M | 893.00M | 849.00M | 831.00M | 921.00M |
| Operating Margin | 13.13% | 13.50% | 13.71% | 15.95% | 20.38% | 5.88% | 10.20% | 8.94% | 10.55% | 12.11% |
| Net Margin | 10.30% | 10.66% | 10.89% | 12.76% | 30.45% | 12.69% | 14.44% | 7.41% | 6.92% | 9.99% |
This table shows 10 annual periods of American Financial Group's income statement, from FY 2025 back to FY 2016, across 15 line items including revenue, operating expenses, selling, general & admin. Values in USD; B = billions, M = millions. Fiscal periods follow AFG's reporting calendar. What is a income statement?