Source: American Financial Group's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
$6.50B
$6.87B
$7.15B
$6.21B
$5.77B
$6.55B
$7.04B
$7.83B
$8.32B
$8.17B
Selling, general & admin
—
—
—
—
$1.62B
$1.55B
$1.72B
$1.94B
$2.01B
$2.06B
Operating income
$787.00M
$724.00M
$639.00M
$634.00M
$339.00M
$1.33B
$1.12B
$1.07B
$1.12B
$1.07B
Interest expense
$77.00M
$85.00M
$62.00M
$68.00M
$88.00M
$94.00M
$85.00M
$76.00M
$76.00M
$80.00M
Pre-tax income
$787.00M
$724.00M
$639.00M
$1.11B
$848.00M
—
—
—
—
—
Income tax
$119.00M
$247.00M
$122.00M
$143.00M
$25.00M
$254.00M
$225.00M
$221.00M
$237.00M
$231.00M
Net income
$649.00M
$475.00M
$530.00M
$897.00M
$732.00M
$2.00B
$898.00M
$852.00M
$887.00M
$842.00M
EBITDA
$921.00M
$831.00M
$849.00M
$893.00M
$638.00M
$1.52B
$1.22B
$1.15B
$1.21B
$1.16B
EPS (basic)
$7.47
$5.40
$5.95
$9.98
$8.25
$23.44
$10.55
$10.06
$10.57
$10.08
EPS (diluted)
$7.33
$5.28
$5.85
$9.85
$8.20
$23.30
$10.53
$10.05
$10.57
$10.08
Diluted shares
88.50M
89.80M
90.60M
91.00M
89.20M
85.60M
85.30M
84.80M
83.90M
83.50M
Operating margin
12.1%
10.5%
8.9%
10.2%
5.9%
20.4%
16.0%
13.7%
13.5%
13.1%
Net margin
10.0%
6.9%
7.4%
14.4%
12.7%
30.4%
12.8%
10.9%
10.7%
10.3%
Balance sheet
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash & equivalents
$2.11B
$2.34B
$1.51B
$2.31B
$1.67B
$2.13B
$872.00M
$1.23B
$1.41B
$1.73B
Goodwill
$199.00M
$199.00M
$176.00M
$176.00M
$176.00M
$246.00M
$246.00M
$305.00M
$305.00M
$327.00M
Total assets
$55.07B
$60.66B
$63.46B
$70.13B
$73.71B
$28.93B
$28.83B
$29.79B
$30.84B
$32.64B
Long-term debt
$1.28B
$1.30B
$1.30B
$1.47B
$1.96B
$1.96B
$1.50B
$1.48B
$1.48B
$1.82B
Total debt
$1.28B
$1.30B
$1.30B
$1.47B
$1.96B
$1.96B
$1.50B
$1.48B
$1.48B
$1.82B
Total liabilities
$50.15B
$55.32B
$58.48B
$63.86B
$66.92B
$23.92B
$24.78B
$25.53B
$26.37B
$27.82B
Shareholders' equity
$4.92B
$5.33B
$4.97B
$6.27B
$6.79B
$5.01B
$4.05B
$4.26B
$4.47B
$4.82B
Cash flow
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Operating cash flow
$1.15B
$1.80B
$2.08B
$2.46B
$2.18B
$1.71B
$1.15B
$1.97B
$1.15B
$1.53B
Free cash flow
$1.15B
$1.80B
$2.08B
$2.46B
$2.18B
$1.71B
$1.15B
$1.97B
$1.15B
$1.53B
Investing cash flow
-$2.98B
-$3.29B
-$5.35B
-$3.06B
-$1.56B
-$436.00M
-$1.05B
$414.00M
$95.00M
-$835.00M
Financing cash flow
$2.72B
$1.72B
$2.44B
$1.41B
-$123.00M
-$1.96B
-$1.36B
-$2.03B
-$1.07B
-$377.00M
Dividends paid
$185.00M
$417.00M
$394.00M
$444.00M
$334.00M
$2.37B
$1.21B
$684.00M
$788.00M
$606.00M
Share buybacks
$133.00M
$0
$6.00M
$0
$313.00M
$319.00M
$11.00M
$213.00M
$0
$99.00M
Stock-based compensation
$28.00M
$30.00M
$23.00M
$23.00M
$20.00M
$16.00M
$19.00M
$18.00M
$18.00M
$18.00M
Depreciation & amortization
$134.00M
$107.00M
$210.00M
$259.00M
$299.00M
$187.00M
$100.00M
$78.00M
$81.00M
$86.00M
Income statement
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
$2.08B
$1.91B
$1.90B
$2.37B
$2.15B
$1.86B
$1.92B
$2.33B
$2.06B
$1.85B
$2.03B
$2.58B
Selling, general & admin
$480.00M
$503.00M
$506.00M
$518.00M
$480.00M
$530.00M
$534.00M
$529.00M
$466.00M
$556.00M
$560.00M
$571.00M
Operating income
$335.00M
$304.00M
$271.00M
$229.00M
$320.00M
$197.00M
$229.00M
$268.00M
$379.00M
$239.00M
$316.00M
$359.00M
Interest expense
$19.00M
$19.00M
$19.00M
$19.00M
$19.00M
$19.00M
$19.00M
$19.00M
$23.00M
$23.00M
$24.00M
$23.00M
Income tax
$72.00M
$62.00M
$62.00M
$48.00M
$65.00M
$43.00M
$55.00M
$53.00M
$80.00M
$48.00M
$68.00M
$77.00M
Net income
$263.00M
$242.00M
$209.00M
$181.00M
$255.00M
$154.00M
$174.00M
$215.00M
$299.00M
$191.00M
$248.00M
$282.00M
EBITDA
$353.00M
$324.00M
$290.00M
$250.00M
$341.00M
$219.00M
$251.00M
$288.00M
$401.00M
$264.00M
$340.00M
$381.00M
EPS (basic)
$3.13
$2.89
$2.49
$2.16
$3.03
$1.84
$2.07
$2.58
$3.58
$2.29
$2.99
$3.40
EPS (diluted)
$3.12
$2.89
$2.49
$2.16
$3.03
$1.84
$2.07
$2.58
$3.58
$2.29
$2.99
$3.40
Diluted shares
-300.00K
83.80M
83.90M
83.90M
0
83.80M
83.50M
83.40M
-100.00K
83.30M
83.00M
82.90M
Operating margin
16.1%
15.9%
14.3%
9.7%
14.9%
10.6%
11.9%
11.5%
18.4%
12.9%
15.6%
13.9%
Net margin
12.6%
12.7%
11.0%
7.6%
11.9%
8.3%
9.0%
9.2%
14.5%
10.3%
12.2%
10.9%
Balance sheet
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Cash & equivalents
$1.23B
$1.09B
$1.12B
$1.32B
$1.41B
$1.28B
$1.27B
$1.84B
$1.73B
$1.35B
$1.44B
$1.35B
Goodwill
$305.00M
$305.00M
$305.00M
$305.00M
$305.00M
$305.00M
$305.00M
$327.00M
$327.00M
$327.00M
$327.00M
$327.00M
Total assets
$29.79B
$30.00B
$29.91B
$32.59B
$30.84B
$30.29B
$30.67B
$33.83B
$32.64B
$32.35B
$33.03B
$35.74B
Long-term debt
$1.48B
$1.48B
$1.48B
$1.48B
$1.48B
$1.48B
$1.48B
$1.82B
$1.82B
$1.82B
$1.82B
$1.82B
Total debt
$1.48B
$1.48B
$1.48B
$1.48B
$1.48B
$1.48B
$1.48B
$1.82B
$1.82B
$1.82B
$1.82B
$1.82B
Total liabilities
$25.53B
$25.76B
$25.53B
$27.88B
$26.37B
$25.90B
$26.15B
$29.10B
$27.82B
$27.68B
$28.21B
$31.01B
Shareholders' equity
$4.26B
$4.24B
$4.38B
$4.71B
$4.47B
$4.39B
$4.52B
$4.73B
$4.82B
$4.68B
$4.82B
$4.73B
Cash flow
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Operating cash flow
$756.00M
$107.00M
-$88.00M
$459.00M
$674.00M
$342.00M
$191.00M
$216.00M
$784.00M
$474.00M
$92.00M
$405.00M
Free cash flow
$756.00M
$107.00M
-$88.00M
$459.00M
$674.00M
$342.00M
$191.00M
$216.00M
$784.00M
$474.00M
$92.00M
$405.00M
Investing cash flow
-$45.00M
-$155.00M
$149.00M
$122.00M
-$21.00M
$23.00M
$36.00M
-$130.00M
-$764.00M
-$613.00M
$31.00M
-$707.00M
Financing cash flow
-$707.00M
-$90.00M
-$27.00M
-$380.00M
-$569.00M
-$495.00M
-$235.00M
$488.00M
-$135.00M
-$235.00M
-$38.00M
$212.00M
Dividends paid
$186.00M
$268.00M
$59.00M
$58.00M
$403.00M
$233.00M
$68.00M
$66.00M
$239.00M
$198.00M
$73.00M
$72.00M
Share buybacks
$60.00M
$0
$0
$0
$0
$58.00M
$39.00M
$1.00M
$1.00M
$60.00M
$26.00M
$26.00M
Depreciation & amortization
$18.00M
$20.00M
$19.00M
$21.00M
$21.00M
$22.00M
$22.00M
$20.00M
$22.00M
$25.00M
$24.00M
$22.00M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.