AFG
$136.76-1.23%
as of close, Sep 30, 2026
☾ AH $136.76 -1.23%
American Financial Group Inc.Stock · FinanceRussell 1000 0.01%US Stock Market 0.01%Russell 3000 0.01%
AFG financial statements
The full income statement, balance sheet, and cash-flow statement for American Financial Group Inc. (AFG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 83.9M2024-09 83.9M2024-12 84.0M2025-03 83.5M2025-06 83.4M2025-09 83.4M2025-12 83.3M2026-03 83.1M2026-06 82.9M-1.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 8.17B-1.8% | 8.32B+6.3% | 7.83B+11.2% | 7.04B+7.4% | 6.55B+13.6% | |
| Selling, general & administrative | 2.06B+2.6% | 2.01B+3.7% | 1.94B+12.6% | 1.72B+11.1% | 1.55B-4.8% | |
| Amortization of intangibles | 20.0M+0.0% | 20.0M+33.3% | 15.0M+36.4% | 11.0M+83.3% | 6.00M-50.0% | |
| Operating income | 1.07B-4.5% | 1.12B+4.8% | 1.07B-4.5% | 1.12B-15.9% | 1.33B+293.8% | |
| Interest expense | 80.0M+5.3% | 76.0M+0.0% | 76.0M-10.6% | 85.0M-9.6% | 94.0M+6.8% | |
| Equity-method income | 56.0M+21.7% | 46.0M-53.5% | 99.0M-62.9% | 267M-16.8% | 321M+224.2% | |
| Gain (loss) on equity securities | 17.0M-78.8% | 80.0M+135.3% | 34.0M+137.8% | -90.0M-175.6% | 119M | |
| Income tax | 231M-2.5% | 237M+7.2% | 221M-1.8% | 225M-11.4% | 254M+916.0% | |
| 842M-5.1% | 887M+4.1% | 852M-5.1% | 898M-55.0% | 2.00B+172.5% | ||
| Income from continuing operations | — | — | 852M-5.1% | 898M-16.9% | 1.08B | |
| Discontinued operations | — | — | — | 0.00-100.0% | 914M+124.6% | |
| Net income to non-controlling interest | — | — | — | 0.00 | 0.00+100.0% | |
| $10.08-4.6% | $10.57+5.2% | $10.05-4.6% | $10.53-54.8% | $23.30+184.1% | ||
| EPS (basic) | $10.08-4.6% | $10.57+5.1% | $10.06-4.6% | $10.55-55.0% | $23.44+184.1% | |
| Weighted-avg shares (basic) | 83.5M-0.5% | 83.9M-0.9% | 84.7M-0.5% | 85.1M+0.0% | 85.1M-4.1% | |
| Weighted-avg shares (diluted) | 83.5M-0.5% | 83.9M-1.1% | 84.8M-0.6% | 85.3M-0.4% | 85.6M-4.0% | |
| Dividends per share | $7.28-22.8% | $9.43+16.4% | $8.10-43.4% | $14.31-49.0% | $28.06+628.8% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 1.73B+22.8% | 1.41B+14.8% | 1.23B+40.5% | 872M-59.1% | 2.13B+28.0% | |
| 32.6B+5.9% | 30.8B+3.5% | 29.8B+3.3% | 28.8B-0.3% | 28.9B-60.8% | ||
| Operating lease right-of-use | 198M-6.6% | 212M+20.5% | 176M+70.9% | 103M-12.7% | 118M-15.1% | |
| Goodwill | 327M+7.2% | 305M+0.0% | 305M+24.0% | 246M+0.0% | 246M+39.8% | |
| Intangible assets | 189M-6.9% | 203M-4.7% | 213M+97.2% | 108M+1.9% | 106M+211.8% | |
| 27.8B+5.5% | 26.4B+3.3% | 25.5B+3.0% | 24.8B+3.6% | 23.9B-64.3% | ||
| Long-term debt | 1.82B+23.4% | 1.48B+0.0% | 1.48B-1.4% | 1.50B-23.8% | 1.96B+0.1% | |
| Operating lease liability (total) | 216M-6.9% | 232M+17.2% | 198M+70.7% | 116M-14.7% | 136M-14.5% | |
| 4.82B+7.9% | 4.47B+4.9% | 4.26B+5.1% | 4.05B-19.2% | 5.01B-26.2% | ||
| Common stock | 83.0M-1.2% | 84.0M+0.0% | 84.0M-1.2% | 85.0M+0.0% | 85.0M-1.2% | |
| Additional paid-in capital | 1.43B+1.3% | 1.41B+2.8% | 1.37B+0.3% | 1.37B+2.9% | 1.33B+3.8% | |
| Accumulated other comprehensive income | -50.0M+79.2% | -240M+24.8% | -319M+41.3% | -543M-556.3% | 119M-90.7% | |
| Total equity incl. non-controlling | — | — | — | 4.05B-19.2% | 5.01B-26.2% | |
| Total liabilities & equity | 32.6B+5.9% | 30.8B+3.5% | 29.8B+3.3% | 28.8B-0.3% | 28.9B-60.8% | |
| Common shares issued | 83.4M | — | — | — | — | |
| Common shares outstanding | 83.4M-0.7% | 84.0M+0.4% | 83.6M-1.8% | 85.2M+0.3% | 84.9M-1.6% | |
| Shares outstanding (cover) | 83.3M-0.8% | 84.0M+0.4% | 83.7M-1.8% | 85.2M+0.3% | 84.9M-1.7% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.53B+33.1% | 1.15B-41.5% | 1.97B+70.9% | 1.15B-32.7% | 1.71B-21.5% | ||
| Depreciation & amortization | 86.0M+6.2% | 81.0M+3.8% | 78.0M-22.0% | 100M-46.5% | 187M-37.5% | |
| Intangible amortization | 20.0M+0.0% | 20.0M+33.3% | 15.0M+36.4% | 11.0M+83.3% | 6.00M-50.0% | |
| Deferred income taxes | 41.0M+412.5% | 8.00M-78.4% | 37.0M | — | — | |
| Other operating activities | -7.00M+75.0% | -28.0M-7.7% | -26.0M+81.3% | -139M+66.6% | -416M-1323.5% | |
| -835M-978.9% | 95.0M-77.1% | 414M+139.4% | -1.05B-141.1% | -436M+72.1% | ||
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | 2.44B+13.6% | 2.15B+63.7% | 1.31B-47.8% | 2.51B-50.1% | 5.04B-12.4% | |
| Other investing activities | -7.00M-240.0% | 5.00M-16.7% | 6.00M+50.0% | 4.00M+112.5% | -32.0M-3300.0% | |
| -377M+64.6% | -1.07B+47.5% | -2.03B-49.2% | -1.36B+30.5% | -1.96B-1491.1% | ||
| Long-term debt issued | 344M | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 0.00 | 0.00-100.0% | 21.0M-95.6% | 477M | 0.00-100.0% | |
| Common stock issued | 12.0M-29.4% | 17.0M+13.3% | 15.0M-6.3% | 16.0M-75.8% | 66.0M+200.0% | |
| Common stock repurchased | 99.0M | 0.00-100.0% | 213M+1836.4% | 11.0M-96.6% | 319M+1.9% | |
| Dividends paid | 606M-23.1% | 788M+15.2% | 684M-43.6% | 1.21B-48.9% | 2.37B+610.8% | |
| Net change in cash | 321M+77.3% | 181M-48.7% | 353M+128.0% | -1.26B-85.4% | -679M-236.9% | |
| Interest paid | 74.0M+0.0% | 74.0M+0.0% | 74.0M-16.9% | 89.0M-3.3% | 92.0M+10.8% | |
| Income taxes paid | 168M-16.4% | 201M+0.0% | 201M-16.9% | 242M+14.2% | 212M+18.4% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 11.4B-1.0% | 11.5B+15.5% | 9.96B-14.8% | 11.7B+0.2% | 11.7B+54.1% | |
| P/E | 13.5×+4.3% | 13.0×+12.6% | 11.5×-3.8% | 12.0×+104.6% | 5.8×-43.5% | |
| P/S | 1.4×+0.8% | 1.4×+6.4% | 1.3×-23.7% | 1.7×-4.4% | 1.8×+35.6% | |
| P/B | 2.4×-8.3% | 2.6×+2.9% | 2.5×-15.8% | 3.0×+27.7% | 2.3×+108.7% | |
| Earnings yield | 7.4%-4.1% | 7.7%-11.2% | 8.7%+3.9% | 8.4%-51.1% | 17.1%+76.9% | |
| Dividend yield | 5.3%-22.7% | 6.9%+1.1% | 6.8%-34.6% | 10.4%-49.0% | 20.4%+365.0% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: AFG’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AFG filings on SEC EDGAR → Not investment advice.