How American Financial Group makes money

Period

FY2025

How does American Financial Group make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

American Financial Group Inc. · FY2025 · year ended 2025-12-31

Revenue$8.2BGross profit$8.2B · 100%Cost of revenue$0 · 0%Operating income$1.1B · 13%Operating expenses$7.1B · 87%SG&A$2.1B · 25%Other opex$5.0B · 62%Net income$842M · 10%Income tax$231M · 3%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.