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American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) Financials

AFGB
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
Operating Cash Flow $1.6B -6.0% YoY
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AFGB SEC filings page.

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) 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 AFGB FY2025

By FY2025, revenue reached $8.2B while operating margin settled near 13.1%, indicating scale has not translated into wider profitability.

Operating cash flow reached $1.5B against net income of $842M in FY2025, so cash generation exceeded accounting profit. That relationship was stronger than FY2024, when operating cash flow was $1.2B against net income of $887M, pointing to year-to-year working-capital or non-cash effects rather than a uniform earnings trend.

FY2025 revenue slipped to $8.2B from FY2024's $8.3B, indicating a mild top-line contraction rather than continued expansion. Operating margin narrowed to 13.1% from 13.5% at the same time, suggesting the cost base absorbed less of the pressure.

Total assets rose to $32.6B from FY2024's $30.8B, showing a balance sheet expanding faster than recent revenue. Debt-to-equity moved from 0.3x to 0.4x, indicating a modestly more leveraged posture despite equity growth.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
4/7

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 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, the one computable operating efficiency signal (asset turnover improving) does not pass.

Earnings Quality Cash-Backed
1.82x

For every $1 of reported earnings, American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 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 Financial Group, Inc. 5.875% Subordinated Debentures due 2059 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
$2.0B
YoY+5.5%
QoQ+9.5%
5Y CAGR+5.8%
10Y CAGR+2.5%

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 generated $2.0B in revenue in Q2 2026. This represents an increase of 5.5% from the same quarter a year earlier. Against the prior quarter it is up 9.5%.

EBITDA
$340.0M
YoY+35.5%
QoQ+28.8%
5Y CAGR+1.1%

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059's EBITDA was $340.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 35.5% from the same quarter a year earlier. Against the prior quarter it is up 28.8%.

Net Income
$248.0M
YoY+42.5%
QoQ+29.8%
5Y CAGR-24.4%
10Y CAGR+16.5%

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 reported $248.0M in net income in Q2 2026. This represents an increase of 42.5% from the same quarter a year earlier. Against the prior quarter it is up 29.8%.

EPS (Diluted)
$2.99
YoY+44.4%
QoQ+30.6%
5Y CAGR-23.9%
10Y CAGR+17.0%

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 earned $2.99 per diluted share (EPS) in Q2 2026. This represents an increase of 44.4% from the same quarter a year earlier. Against the prior quarter it is up 30.6%.

Cash & Balance Sheet

Cash & Debt
$1.4B
YoY+13.4%
QoQ+6.3%
5Y CAGR-15.6%
10Y CAGR-0.7%

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 held $1.4B in cash against $1.8B in long-term debt as of Q2 2026.

Dividends Per Share
$0.88
YoY+10.0%
QoQ-63.0%
5Y CAGR-42.9%
10Y CAGR+12.1%

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 paid $0.88 per share in dividends in Q2 2026. This represents an increase of 10.0% from the same quarter a year earlier. Against the prior quarter it is down 63.0%.

Shares Outstanding
83M
YoY-0.6%
QoQ-0.2%
5Y CAGR-0.4%
10Y CAGR-0.5%

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 had 83M shares outstanding in Q2 2026. This represents a decrease of 0.6% from the same quarter a year earlier. Against the prior quarter it is down 0.2%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Operating Margin
15.6%
YoY+3.7pp
QoQ+2.7pp
5Y change-3.2pp

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059's operating margin was 15.6% in Q2 2026, reflecting core business profitability. This is up 3.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.7 percentage points.

Net Margin
12.2%
YoY+3.2pp
QoQ+1.9pp
5Y change-53.2pp
10Y change+8.8pp

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059's net profit margin was 12.2% in Q2 2026, showing the share of revenue converted to profit. This is up 3.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.9 percentage points.

Return on Equity
5.1%
YoY+1.3pp
QoQ+1.1pp
5Y change-12.8pp
10Y change+4.1pp

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059's quarterly ROE was 5.1% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks
$26.0M
YoY-33.3%
QoQ-56.7%
5Y CAGR-25.6%

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 spent $26.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 33.3% from the same quarter a year earlier. Against the prior quarter it is down 56.7%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

AFGB Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AFGB quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$2.0B+5.5%$1.9B-0.1%$2.1B-4.0%$2.3B-1.6%$1.9B+1.3%$1.9B-2.6%$2.1B+3.2%$2.4B+9.5%
SG&A Expenses$560.0M+4.9%$556.0M+4.9%$466.0M-2.9%$529.0M+2.1%$534.0M+5.5%$530.0M+5.4%$480.0M0.0%$518.0M+4.2%
Operating Income$316.0M+38.0%$239.0M+21.3%$379.0M+18.4%$268.0M+17.0%$229.0M-15.5%$197.0M-35.2%$320.0M-4.5%$229.0M+4.6%
EBITDA$340.0M+35.5%$264.0M+20.5%$401.0M+17.6%$288.0M+15.2%$251.0M-13.4%$219.0M-32.4%$341.0M-3.4%$250.0M+4.2%
Interest Expense$24.0M+26.3%$23.0M+21.1%$23.0M+21.1%$19.0M0.0%$19.0M0.0%$19.0M0.0%$19.0M0.0%$19.0M0.0%
Income Tax$68.0M+23.6%$48.0M+11.6%$80.0M+23.1%$53.0M+10.4%$55.0M-11.3%$43.0M-30.6%$65.0M-9.7%$48.0M+14.3%
Net Income$248.0M+42.5%$191.0M+24.0%$299.0M+17.3%$215.0M+18.8%$174.0M-16.7%$154.0M-36.4%$255.0M-3.0%$181.0M+2.3%
EPS (Basic)$2.99+44.4%$2.29+24.5%$3.58+18.2%$2.58+19.4%$2.07-16.9%$1.84-36.3%$3.03-3.2%$2.16+2.9%
EPS (Diluted)$2.99+44.4%$2.29+24.5%$3.58+18.2%$2.58+19.4%$2.07-16.9%$1.84-36.3%$3.03-2.9%$2.16+3.3%
Diluted Shares (Avg)83M-0.6%83M-0.6%N/A83M-0.6%84M-0.5%84M0.0%N/A84M-0.9%

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

AFGB Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AFGB quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$33.0B+7.7%$32.4B+6.8%$32.6B+5.9%$33.8B+3.8%$30.7B+2.5%$30.3B+1.0%$30.8B+3.5%$32.6B+5.7%
Cash & Equivalents$1.4B+13.4%$1.4B+6.0%$1.7B+22.8%$1.8B+39.3%$1.3B+13.1%$1.3B+17.4%$1.4B+14.8%$1.3B+8.3%
Short-Term Investments$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m
Long-Term Investments$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m
Goodwill$327.0M+7.2%$327.0M+7.2%$327.0M+7.2%$327.0M+7.2%$305.0M0.0%$305.0M0.0%$305.0M0.0%$305.0M0.0%
Total Liabilities$28.2B+7.9%$27.7B+6.8%$27.8B+5.5%$29.1B+4.4%$26.2B+2.4%$25.9B+0.5%$26.4B+3.3%$27.9B+3.9%
Long-Term Debt$1.8B+23.4%$1.8B+23.3%$1.8B+23.4%$1.8B+23.4%$1.5B+0.1%$1.5B+0.1%$1.5B0.0%$1.5B+0.1%
Total Equity$4.8B+6.8%$4.7B+6.5%$4.8B+7.9%$4.7B+0.5%$4.5B+3.0%$4.4B+3.6%$4.5B+4.9%$4.7B+18.3%

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

AFGB Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AFGB quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$92.0M-51.8%$474.0M+38.6%$784.0M+16.3%$216.0M-52.9%$191.0Mn/m$342.0M+219.6%$674.0M-10.8%$459.0M-34.1%
Depreciation & Amortization$24.0M+9.1%$25.0M+13.6%$22.0M+4.8%$20.0M-4.8%$22.0M+15.8%$22.0M+10.0%$21.0M+16.7%$21.0M0.0%
Investing Cash Flow$31.0M-13.9%-$613.0M-2765.2%-$764.0Mn/m-$130.0M-206.6%$36.0M-75.8%$23.0Mn/m-$21.0Mn/m$122.0M+34.1%
Financing Cash Flow-$38.0Mn/m-$235.0Mn/m-$135.0Mn/m$488.0Mn/m-$235.0Mn/m-$495.0Mn/m-$569.0Mn/m-$380.0Mn/m
Dividends Paid$73.0M+7.4%$198.0M-15.0%$239.0M-40.7%$66.0M+13.8%$68.0M+15.3%$233.0M-13.1%$403.0M+116.7%$58.0M+11.5%
Share Buybacks$26.0M-33.3%$60.0M+3.4%$1.0Mn/m$1.0Mn/m$39.0Mn/m$58.0Mn/m$0-100.0%$0-100.0%

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

AFGB Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AFGB quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Margin15.6%+3.7pp12.9%+2.3pp18.4%+3.5pp11.5%+1.8pp11.9%-2.4pp10.6%-5.3pp14.9%-1.2pp9.7%-0.5pp
Net Margin12.2%+3.2pp10.3%+2.0pp14.5%+2.6pp9.2%+1.6pp9.0%-2.0pp8.3%-4.4pp11.9%-0.8pp7.6%-0.5pp
Return on Equity5.1%+1.3pp4.1%+0.6pp6.2%+0.5pp4.5%+0.7pp3.9%-0.9pp3.5%-2.2pp5.7%-0.5pp3.8%-0.6pp
Return on Assets0.8%+0.2pp0.6%+0.1pp0.9%+0.1pp0.6%+0.1pp0.6%-0.1pp0.5%-0.3pp0.8%-0.1pp0.6%0.0pp
Debt-to-Equity0.38+0.1x0.39+0.1x0.380.0x0.38+0.1x0.330.0x0.340.0x0.330.0x0.31-0.1x
Liabilities-to-Equity5.85+0.1x5.920.0x5.77-0.1x6.15+0.2x5.790.0x5.90-0.2x5.90-0.1x5.92-0.8x
Asset Turnover0.060.0x0.060.0x0.060.0x0.070.0x0.060.0x0.060.0x0.070.0x0.070.0x

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

Frequently Asked Questions

What is American Financial Group, Inc. 5.875% Subordinated Debentures due 2059's annual revenue?

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) 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 Financial Group, Inc. 5.875% Subordinated Debentures due 2059's revenue growing?

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) revenue declined by 1.8% year-over-year, from $8.3B to $8.2B in fiscal year 2025.

Is American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 profitable?

Yes, American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) reported a net income of $953.0M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $842.0M, with a net profit margin of 10.3%.

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) 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 Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) had EBITDA of $1.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) had $1.7B in cash and equivalents against $1.8B in long-term debt.

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) had an operating margin of 13.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) 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 Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) paid $7.28 per share in dividends during fiscal year 2025.

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) has a return on equity of 17.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) generated $1.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) had $32.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) spent $99.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) had 83M shares outstanding as of fiscal year 2025.

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) had a debt-to-equity ratio of 0.38 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) had a liabilities-to-equity ratio of 5.77 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) had a return on assets of 2.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) 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 Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) 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 Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) 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.

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