American Financial Group Inc income statement
In fiscal 2025, American Financial Group Inc reported revenue of $8.17bn, down 1.8% on the year before, operating income of $1.07bn (a 13.1% margin) and net income of $842m, or $10.08 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,320 | 4,497 | 4,643 | 4,957 | 5,103 | 5,733 | 6,145 | 6,498 | 6,865 | 7,150 | 6,213 | 5,769 | 6,552 | 7,040 | 7,827 | 8,324 | 8,174 | 8,278 |
| Selling, general and administrative | — | — | — | — | — | — | — | — | — | — | — | 1,625 | 1,547 | 1,718 | 1,935 | 2,007 | 2,059 | 2,111 |
| Operating income | 812 | 694 | 558 | 537 | 689 | 626 | 565 | 787 | 724 | 639 | 634 | 339 | 1,335 | 1,123 | 1,073 | 1,124 | 1,073 | 1,202 |
| Interest expense | 67 | 78 | 74 | 75 | 71 | 74 | 75 | 77 | 85 | 62 | 68 | 88 | 94 | 85 | 76 | 76 | 80 | 89 |
| Income before tax | 812 | 694 | 558 | 537 | 689 | 626 | 565 | 787 | 724 | 639 | 1,108 | 848 | — | — | — | — | — | — |
| Income tax | 282 | 268 | 239 | 135 | 236 | 220 | 195 | 119 | 247 | 122 | 143 | 25 | 254 | 225 | 221 | 237 | 231 | 249 |
| Net income | 519 | 482 | 342 | 488 | 471 | 452 | 352 | 649 | 475 | 530 | 897 | 732 | 1,995 | 898 | 852 | 887 | 842 | 953 |
| Diluted EPS | $4.45 | $4.36 | $3.32 | $5.09 | $5.16 | $4.97 | $3.94 | $7.33 | $5.28 | $5.85 | $9.85 | $8.20 | $23.30 | $10.53 | $10.05 | $10.57 | $10.08 | $11.45 |
| Diluted shares (average) | 117m | 111m | 103m | 96m | 91m | 91m | 89m | 89m | 90m | 91m | 91m | 89m | 86m | 85m | 85m | 84m | 84m | 83m |
| EBITDA | 1,010 | 896 | 738 | 794 | 831 | 770 | 699 | 921 | 831 | 849 | 893 | 638 | 1,522 | 1,223 | 1,151 | 1,205 | 1,159 | 1,293 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,369 | 2,149 | 1,856 | 1,924 | 2,331 | 2,063 | 1,854 | 2,030 |
| Selling, general and administrative | 518 | 480 | 530 | 534 | 529 | 466 | 556 | 560 |
| Operating income | 229 | 320 | 197 | 229 | 268 | 379 | 239 | 316 |
| Interest expense | 19 | 19 | 19 | 19 | 19 | 23 | 23 | 24 |
| Income tax | 48 | 65 | 43 | 55 | 53 | 80 | 48 | 68 |
| Net income | 181 | 255 | 154 | 174 | 215 | 299 | 191 | 248 |
| Diluted EPS | $2.16 | $3.03 | $1.84 | $2.07 | $2.58 | $3.58 | $2.29 | $2.99 |
| EBITDA | 250 | 341 | 219 | 251 | 288 | 401 | 264 | 340 |
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