American Financial Group, Inc. (AFG) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 1.85B | 2.06B | 2.3B | 1.93B | 1.84B | 2.15B | 2.36B | 1.89B | 1.88B | 2.09B | 2.15B | 1.81B | 1.68B | 1.91B | 1.95B | 1.46B | 1.46B | 1.44B | 1.68B | 1.46B |
| Revenue Growth % | 0.6% | -3.96% | -2.5% | 2.33% | -2.02% | 2.97% | 10.06% | 4.08% | 11.76% | 9.33% | 10.27% | 23.86% | 15.67% | 32.78% | 15.82% | 0.21% | 1.68% | -43.09% | 8.03% | 0.62% |
| Medical Costs & Claims | 906M | 1.06B | 1.95B | 1.6B | 1.56B | 1.73B | 2.03B | 1.53B | 1.51B | 1.65B | 1.84B | 1.49B | 1.39B | 1.5B | 1.68B | 1.25B | 1.15B | 1.22B | 1.41B | 1.14B |
| Medical Cost Ratio % | 48.87% | 51.43% | 84.42% | 82.95% | 84.81% | 80.63% | 86.03% | 81.28% | 80.12% | 79.15% | 85.75% | 82.4% | 82.47% | 78.35% | 86.44% | 85.65% | 78.76% | 85.04% | 83.76% | 78.29% |
| Gross Profit | 948M | 1B | 359M | 329M | 280M | 416M | 330M | 353M | 374M | 435M | 306M | 319M | 295M | 413M | 264M | 210M | 309M | 215M | 273M | 317M |
| Gross Margin % | 51.13% | 48.57% | 15.58% | 17.05% | 15.19% | 19.37% | 13.97% | 18.72% | 19.88% | 20.85% | 14.25% | 17.6% | 17.53% | 21.65% | 13.56% | 14.35% | 21.24% | 14.96% | 16.24% | 21.71% |
| Gross Profit Growth % | 238.57% | 140.87% | 8.79% | -6.8% | -25.13% | -4.37% | 7.84% | 10.66% | 26.78% | 5.33% | 15.91% | 51.9% | -4.53% | 92.09% | -3.3% | -33.75% | -10.43% | -76.88% | 1536.84% | 20.08% |
| Operating Expenses | 709M | 623M | 91M | 100M | 83M | 96M | 101M | 82M | 70M | 100M | 87M | 64M | 31M | 67M | 54M | 4M | -52M | -230M | 6M | 29M |
| OpEx / Revenue % | 38.24% | 30.2% | 3.95% | 5.18% | 4.5% | 4.47% | 4.27% | 4.35% | 3.72% | 4.79% | 4.05% | 3.53% | 1.84% | 3.51% | 2.77% | 0.27% | -3.57% | -16.01% | 0.36% | 1.99% |
| Depreciation & Amortization | 25M | 22M | 20M | 22M | 22M | 21M | 21M | 19M | 20M | 18M | 21M | 19M | 20M | 22M | 25M | 27M | 26M | 27M | 27M | 34M |
| Combined Ratio % | 87.11% | 81.63% | 88.37% | 88.13% | 89.31% | 85.1% | 90.31% | 85.63% | 83.84% | 83.94% | 89.8% | 85.93% | 84.31% | 81.87% | 89.21% | 85.92% | 75.19% | 69.03% | 84.12% | 80.27% |
| Operating Income | 239M | 379M | 268M | 229M | 197M | 320M | 229M | 271M | 304M | 335M | 219M | 255M | 264M | 346M | 210M | 206M | 361M | 445M | 267M | 288M |
| Operating Margin % | 12.89% | 18.37% | 11.63% | 11.87% | 10.69% | 14.9% | 9.69% | 14.37% | 16.16% | 16.06% | 10.2% | 14.07% | 15.69% | 18.13% | 10.79% | 14.08% | 24.81% | 30.97% | 15.88% | 19.73% |
| Operating Income Growth % | 21.32% | 18.44% | 17.03% | -15.5% | -35.2% | -4.48% | 4.57% | 6.27% | 15.15% | -3.18% | 4.29% | 23.79% | -26.87% | -22.25% | -21.35% | -28.47% | 7.76% | -49.66% | 567.5% | 105.71% |
| EBITDA | 264M | 401M | 288M | 251M | 219M | 341M | 250M | 290M | 324M | 353M | 240M | 274M | 284M | 368M | 235M | 233M | 387M | 472M | 294M | 322M |
| EBITDA Margin % | 14.24% | 19.44% | 12.5% | 13.01% | 11.88% | 15.88% | 10.58% | 15.38% | 17.22% | 16.92% | 11.18% | 15.12% | 16.87% | 19.29% | 12.07% | 15.93% | 26.6% | 32.85% | 17.49% | 22.05% |
| Interest Expense | 23M | 23M | 19M | 19M | 19M | 19M | 19M | 19M | 19M | 19M | 19M | 19M | 19M | 20M | 19M | 23M | 23M | 23M | 24M | 23M |
| Non-Operating Income | -23M | -23M | -19M | -19M | -19M | -19M | -19M | -19M | -19M | -19M | -19M | -19M | -19M | -20M | -19M | -23M | -23M | -23M | -24M | -23M |
| Pretax Income | 239M | 379M | 268M | 229M | 197M | 320M | 229M | 271M | 304M | 335M | 219M | 255M | 264M | 346M | 210M | 206M | 361M | 445M | 267M | 288M |
| Pretax Margin % | 12.89% | 18.37% | 11.63% | 11.87% | 10.69% | 14.9% | 9.69% | 14.37% | 16.16% | 16.06% | 10.2% | 14.07% | 15.69% | 18.13% | 10.79% | 14.08% | 24.81% | 30.97% | 15.88% | 19.73% |
| Income Tax | 48M | 80M | 53M | 55M | 43M | 65M | 48M | 62M | 62M | 72M | 42M | 55M | 52M | 70M | 45M | 39M | 71M | 90M | 48M | 48M |
| Effective Tax Rate % | 20.08% | 21.11% | 19.78% | 24.02% | 21.83% | 20.31% | 20.96% | 22.88% | 20.39% | 21.49% | 19.18% | 21.57% | 19.7% | 20.23% | 21.43% | 18.93% | 19.67% | 20.22% | 17.98% | 16.67% |
| Net Income | 191M | 299M | 215M | 174M | 154M | 255M | 181M | 209M | 242M | 263M | 177M | 200M | 212M | 276M | 165M | 167M | 290M | 355M | 219M | 1B |
| Net Margin % | 10.3% | 14.49% | 9.33% | 9.02% | 8.36% | 11.87% | 7.66% | 11.08% | 12.87% | 12.61% | 8.24% | 11.04% | 12.6% | 14.47% | 8.47% | 11.41% | 19.93% | 24.7% | 13.03% | 68.63% |
| Net Income Growth % | 24.03% | 17.25% | 18.78% | -16.75% | -36.36% | -3.04% | 2.26% | 4.5% | 14.15% | -4.71% | 7.27% | 19.76% | -26.9% | -22.25% | -24.66% | -83.33% | -30.79% | -48.7% | 33.54% | 466.1% |
| EPS (Diluted) | 2.29 | 3.59 | 2.58 | 2.08 | 1.84 | 3.04 | 2.16 | 2.49 | 2.89 | 3.14 | 2.09 | 2.35 | 2.48 | 3.24 | 1.93 | 1.96 | 3.40 | 4.18 | 2.56 | 11.70 |
| EPS Growth % | 24.46% | 18.09% | 19.44% | -16.47% | -36.33% | -3.18% | 3.35% | 5.96% | 16.53% | -3.09% | 8.29% | 19.9% | -27.06% | -22.49% | -24.61% | -83.25% | -29.75% | -47.29% | 37.63% | 493.91% |
| EPS (Basic) | 2.29 | 3.57 | 2.57 | 2.08 | 1.84 | 3.04 | 2.16 | 2.49 | 2.89 | 3.14 | 2.09 | 2.35 | 2.49 | 3.24 | 1.94 | 1.97 | 3.41 | 4.18 | 2.57 | 11.78 |
| Diluted Shares Outstanding | 83.3M | 83.4M | 83.4M | 83.5M | 83.8M | 84M | 83.9M | 83.9M | 83.8M | 83.8M | 84.7M | 85.2M | 85.4M | 85.3M | 85.4M | 85.3M | 85.2M | 85.2M | 85.2M | 85.6M |