AFGE Financials AMERICAN FINANCIAL GROUP INC

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 7.2% per year over the past 5 years.
Net income has grown slower than revenue (2.8% vs 7.2% per year).
Operating margin has expanded, at 13.1% in the latest year.

Financial health

Total debt ($1.8B) exceeds cash ($1.7B); net debt is $93M.
Total debt has grown slower than revenue (-1.5% vs 7.2% per year).
Operating income covered interest expense 13× in the latest year, up from 3.9× 5 years ago.
Total debt is 1.6× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 72.0% of earnings.
The dividend has grown 12.7% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$8.2B	$842M	0.0%	13.1%	—	$1.8B	$1.7B
2024	$8.3B	$887M	0.0%	13.5%	—	$1.5B	$1.4B
2023	$7.8B	$852M	0.0%	13.7%	—	$1.5B	$1.2B
2022	$7.0B	$898M	0.0%	16.0%	—	$1.5B	$872M
2021	$6.6B	$2.0B	0.0%	20.4%	—	$2.0B	$2.1B
2020	$5.8B	$732M	0.0%	5.9%	—	$2.0B	$1.7B
2019	$6.2B	$897M	0.0%	10.2%	—	$1.5B	$2.3B
2018	$7.2B	$530M	0.0%	8.9%	—	$1.3B	$1.5B
2017	$6.9B	$475M	0.0%	10.5%	—	$1.3B	$2.3B
2016	$6.5B	$649M	0.0%	12.1%	—	$1.3B	$2.1B
2015	$6.1B	$352M	0.0%	9.2%	—	$998M	$1.2B
2014	$5.7B	$452M	0.0%	10.9%	—	$1.1B	$1.3B
2013	$5.1B	$471M	0.0%	13.5%	—	$913M	$1.6B
2012	$5.0B	$488M	0.0%	10.8%	—	$953M	$1.7B
2011	$4.6B	$342M	0.0%	12.0%	—	$934M	$1.3B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$1.9B	$191M	0.0%	12.9%	—	$1.8B	$1.4B
Dec '25	$2.1B	$299M	0.0%	18.4%	—	$1.8B	$1.7B
Sep '25	$2.3B	$215M	0.0%	11.5%	—	$1.8B	$1.8B
Jun '25	$1.9B	$174M	0.0%	11.9%	—	$1.5B	$1.3B
Mar '25	$1.9B	$154M	0.0%	10.6%	—	$1.5B	$1.3B
Dec '24	$2.1B	$255M	0.0%	14.9%	—	$1.5B	$1.4B
Sep '24	$2.4B	$181M	0.0%	9.7%	—	$1.5B	$1.3B
Jun '24	$1.9B	$209M	0.0%	14.3%	—	$1.5B	$1.1B
Mar '24	$1.9B	$242M	0.0%	15.9%	—	$1.5B	$1.1B
Dec '23	$2.1B	$263M	0.0%	16.1%	—	$1.5B	$1.2B
Sep '23	$2.2B	$177M	0.0%	10.1%	—	$1.5B	$1.2B
Jun '23	$1.8B	$200M	0.0%	13.9%	—	$1.5B	$988M
Mar '23	$1.7B	$212M	0.0%	15.2%	—	$1.5B	$857M
Dec '22	$1.9B	$276M	0.0%	17.9%	—	$1.5B	$872M
Sep '22	$2.0B	$165M	0.0%	10.6%	—	$1.5B	$794M
Jun '22	$1.5B	$167M	0.0%	13.4%	—	$1.5B	$967M
Mar '22	$1.6B	$290M	0.0%	22.7%	—	$1.9B	$1.2B
Dec '21	$1.8B	$355M	0.0%	25.3%	—	$2.0B	$2.1B
Sep '21	$1.8B	$219M	0.0%	15.2%	—	$2.0B	$2.8B
Jun '21	$1.5B	$1.0B	0.0%	18.8%	—	$2.0B	$3.4B

Valuation over time

How the market has priced AFGE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 1.7× (Mar '23) to 1.6× (Jun '26).
The price-to-sales ratio has fallen from 0.2× (Mar '23) to 0.2× (Jun '26).
The dividend yield has fallen from 78.8% (Mar '23) to 45.9% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is AFGE growing its revenue and profit?

Over the past 5 years, AMERICAN FINANCIAL GROUP INC's revenue has grown 7.2% per year, and net income grown 2.8% per year. These are computed facts, not advice.

How much debt does AFGE have?

As of FY2025, AMERICAN FINANCIAL GROUP INC reported $1.8B of total debt against $1.7B of cash; operating income covered interest expense 13×.

What is AFGE's profit margin?

In FY2025, gross margin was —, operating margin 13.1%, and net margin 10.3%.

What is AFGE's P/E ratio?

As of Jun '26, AMERICAN FINANCIAL GROUP INC traded at a price-to-earnings ratio of about 1.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.