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American Finl Group Inc Ohio Financials

AFG
Trailing 12 months to June 30, 2026
Revenue $8.3B -0.2% YoY
Net Income $953.0M +24.7% YoY
EPS (Diluted) $11.44 +25.7% YoY
Free Cash Flow Not reported for the trailing 12 months
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

American Finl Group Inc Ohio (AFG) reported $8.3B in revenue over the twelve months to Jun 30, 2026, down 0.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AFG FY2025

Cash conversion remains positive, but margin compression and capital outlays increasingly determine how much cash remains after distributions.

In FY2025, operating cash flow of $1.5B exceeded net income of $842M, indicating earnings converted into cash rather than remaining purely accounting-based. Dividends and buybacks totaled $705M against $835M of investing outflows, so those uses consumed virtually all operating cash before financing.

The operating margin fell from 20.4% in FY2021 to 13.1% in FY2025, even though revenue remained higher than its FY2021 level. That pairing points to a profitability shift relative to scale, rather than a multi-year loss of top-line growth.

Assets expanded through FY2025 while return on assets was 2.6%, down from 6.9% in FY2021; the balance sheet grew faster than earnings productivity. Liabilities represented 85.2% of assets in FY2025, while debt-to-equity was 0.4x, distinguishing broad obligations from reported debt.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Loss Ratio PremiumGrowth Capital Investment Yield CombinedRatio Stability 37 / 100
Financial Health Score 37/100
Scored as: Insurers peer group

Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of American Finl Group Inc Ohio's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Loss Ratio
55
Premium Growth
32
Capital
24
Investment Yield
0

Not available for American Finl Group Inc Ohio, and counted as zero in the overall score.

Combined Ratio
40
Stability
69
Piotroski F-Score Partial
4/7

American Finl Group Inc Ohio passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.82x

For every $1 of reported earnings, American Finl Group Inc Ohio generates $1.82 in operating cash flow ($1.5B OCF vs $842.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
13.41x

American Finl Group Inc Ohio earns $13.41 in operating income for every $1 of interest expense ($1.1B vs $80.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$8.2B
YoY-1.8%
5Y CAGR+7.2%
10Y CAGR+2.9%

American Finl Group Inc Ohio generated $8.2B in revenue in fiscal year 2025. This represents a decrease of 1.8% from the prior year.

EBITDA
$1.2B
YoY-3.8%
5Y CAGR+12.7%
10Y CAGR+5.2%

American Finl Group Inc Ohio's EBITDA was $1.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.8% from the prior year.

Net Income
$842.0M
YoY-5.1%
5Y CAGR+2.8%
10Y CAGR+9.1%

American Finl Group Inc Ohio reported $842.0M in net income in fiscal year 2025. This represents a decrease of 5.1% from the prior year.

EPS (Diluted)
$10.08
YoY-4.6%
5Y CAGR+4.2%
10Y CAGR+9.8%

American Finl Group Inc Ohio earned $10.08 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 4.6% from the prior year.

Cash & Balance Sheet

Cash & Debt
$1.7B
YoY+22.8%
5Y CAGR+0.7%
10Y CAGR+3.5%

American Finl Group Inc Ohio held $1.7B in cash against $1.8B in long-term debt as of fiscal year 2025.

Dividends Per Share
$7.28
YoY-22.8%
5Y CAGR+13.6%
10Y CAGR+13.6%

American Finl Group Inc Ohio paid $7.28 per share in dividends in fiscal year 2025. This represents a decrease of 22.8% from the prior year.

Shares Outstanding
83M
YoY-0.8%
5Y CAGR-0.7%
10Y CAGR-0.4%

American Finl Group Inc Ohio had 83M shares outstanding in fiscal year 2025. This represents a decrease of 0.8% from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Margins & Returns

Operating Margin
13.1%
YoY-0.4pp
5Y CAGR+7.3pp
10Y CAGR+3.9pp

American Finl Group Inc Ohio's operating margin was 13.1% in fiscal year 2025, reflecting core business profitability. This is down 0.4 percentage points from the prior year.

Net Margin
10.3%
YoY-0.4pp
5Y CAGR-2.4pp
10Y CAGR+4.6pp

American Finl Group Inc Ohio's net profit margin was 10.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.4 percentage points from the prior year.

Return on Equity
17.5%
YoY-2.4pp
5Y CAGR+6.7pp
10Y CAGR+9.8pp

American Finl Group Inc Ohio's ROE was 17.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.4 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Capital Allocation

Share Buybacks
$99.0M
5Y CAGR-20.6%
10Y CAGR-2.4%

American Finl Group Inc Ohio spent $99.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

R&D Spending

Not reported for fiscal year 2025.

Capital Expenditures

Not reported for fiscal year 2025.

AFG Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

AFG quarterly income statement
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Revenue$2.0B+9.5%$1.9B-10.1%$2.1B-11.5%$2.3B+21.2%$1.9B+3.7%$1.9B-13.6%$2.1B-9.3%$2.4B
SG&A Expenses$560.0M+0.7%$556.0M+19.3%$466.0M-11.9%$529.0M-0.9%$534.0M+0.8%$530.0M+10.4%$480.0M-7.3%$518.0M
Operating Income$316.0M+32.2%$239.0M-36.9%$379.0M+41.4%$268.0M+17.0%$229.0M+16.2%$197.0M-38.4%$320.0M+39.7%$229.0M
Interest Expense$24.0M+4.3%$23.0M0.0%$23.0M+21.1%$19.0M0.0%$19.0M0.0%$19.0M0.0%$19.0M0.0%$19.0M
Income Tax$68.0M+41.7%$48.0M-40.0%$80.0M+50.9%$53.0M-3.6%$55.0M+27.9%$43.0M-33.8%$65.0M+35.4%$48.0M
Net Income$248.0M+29.8%$191.0M-36.1%$299.0M+39.1%$215.0M+23.6%$174.0M+13.0%$154.0M-39.6%$255.0M+40.9%$181.0M
EPS (Diluted)$2.99+30.6%$2.29-36.0%$3.58+38.8%$2.58+24.6%$2.07+12.5%$1.84-39.3%$3.03+40.3%$2.16

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

AFG Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

AFG quarterly balance sheet
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Total Assets$33.0B+2.1%$32.4B-0.9%$32.6B-3.5%$33.8B+10.3%$30.7B+1.2%$30.3B-1.8%$30.8B-5.4%$32.6B
Cash & Equivalents$1.4B+6.3%$1.4B-21.7%$1.7B-6.2%$1.8B+45.3%$1.3B-0.6%$1.3B-9.2%$1.4B+6.4%$1.3B
Goodwill$327.0M0.0%$327.0M0.0%$327.0M0.0%$327.0M+7.2%$305.0M0.0%$305.0M0.0%$305.0M0.0%$305.0M
Total Liabilities$28.2B+1.9%$27.7B-0.5%$27.8B-4.4%$29.1B+11.3%$26.2B+1.0%$25.9B-1.8%$26.4B-5.4%$27.9B
Long-Term Debt$1.8B+0.1%$1.8B0.0%$1.8B0.0%$1.8B+23.3%$1.5B0.0%$1.5B+0.1%$1.5B0.0%$1.5B
Total Equity$4.8B+3.1%$4.7B-2.9%$4.8B+1.9%$4.7B+4.7%$4.5B+2.8%$4.4B-1.7%$4.5B-5.1%$4.7B

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Retained Earnings.

AFG Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

AFG quarterly cash flow statement
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Operating Cash Flow$92.0M-80.6%$474.0M-39.5%$784.0M+263.0%$216.0M+13.1%$191.0M-44.2%$342.0M-49.3%$674.0M+46.8%$459.0M
Investing Cash Flow$31.0M+105.1%-$613.0M+19.8%-$764.0M-487.7%-$130.0M-461.1%$36.0M+56.5%$23.0M+209.5%-$21.0M-117.2%$122.0M
Financing Cash Flow-$38.0M+83.8%-$235.0M-74.1%-$135.0M-127.7%$488.0M+307.7%-$235.0M+52.5%-$495.0M+13.0%-$569.0M-49.7%-$380.0M
Dividends Paid$73.0M-63.1%$198.0M-17.2%$239.0M+262.1%$66.0M-2.9%$68.0M-70.8%$233.0M-42.2%$403.0M+594.8%$58.0M
Share Buybacks$26.0M-56.7%$60.0M+5900.0%$1.0M0.0%$1.0M-97.4%$39.0M-32.8%$58.0M$0$0

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

AFG Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

AFG quarterly financial ratios
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Operating Margin15.6%+2.7pp12.9%-5.5pp18.4%+6.9pp11.5%-0.4pp11.9%+1.3pp10.6%-4.3pp14.9%+5.2pp9.7%
Net Margin12.2%+1.9pp10.3%-4.2pp14.5%+5.3pp9.2%+0.2pp9.0%+0.7pp8.3%-3.6pp11.9%+4.2pp7.6%
Return on Equity5.1%+1.1pp4.1%-2.1pp6.2%+1.7pp4.5%+0.7pp3.9%+0.3pp3.5%-2.2pp5.7%+1.9pp3.8%
Return on Assets0.8%+0.2pp0.6%-0.3pp0.9%+0.3pp0.6%+0.1pp0.6%+0.1pp0.5%-0.3pp0.8%+0.3pp0.6%
Debt-to-Equity0.380.0x0.390.0x0.380.0x0.38+0.1x0.330.0x0.340.0x0.330.0x0.31

Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.

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Frequently Asked Questions

What is American Finl Group Inc Ohio's annual revenue?

American Finl Group Inc Ohio (AFG) reported $8.2B in total revenue for fiscal year 2025. This represents a -1.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is American Finl Group Inc Ohio's revenue growing?

American Finl Group Inc Ohio (AFG) revenue declined by 1.8% year-over-year, from $8.3B to $8.2B in fiscal year 2025.

Is American Finl Group Inc Ohio profitable?

Yes, American Finl Group Inc Ohio (AFG) reported a net income of $842.0M in fiscal year 2025, with a net profit margin of 10.3%.

American Finl Group Inc Ohio (AFG) reported diluted earnings per share of $10.08 for fiscal year 2025. This represents a -4.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

American Finl Group Inc Ohio (AFG) had EBITDA of $1.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, American Finl Group Inc Ohio (AFG) had $1.7B in cash and equivalents against $1.8B in long-term debt.

American Finl Group Inc Ohio (AFG) had an operating margin of 13.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

American Finl Group Inc Ohio (AFG) had a net profit margin of 10.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, American Finl Group Inc Ohio (AFG) paid $7.28 per share in dividends during fiscal year 2025.

American Finl Group Inc Ohio (AFG) has a return on equity of 17.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

American Finl Group Inc Ohio (AFG) generated $1.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

American Finl Group Inc Ohio (AFG) had $32.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, American Finl Group Inc Ohio (AFG) spent $99.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

American Finl Group Inc Ohio (AFG) had 83M shares outstanding as of fiscal year 2025.

American Finl Group Inc Ohio (AFG) had a debt-to-equity ratio of 0.38 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

American Finl Group Inc Ohio (AFG) had a return on assets of 2.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

American Finl Group Inc Ohio (AFG) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

American Finl Group Inc Ohio (AFG) has an earnings quality ratio of 1.82x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

American Finl Group Inc Ohio (AFG) has an interest coverage ratio of 13.41x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

American Finl Group Inc Ohio (AFG) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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