AFG · XBRL financial data
American Financial Group financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (AFG's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 7,909 | 6,552 | 7,040 | 7,827 | 8,324 | 8,174 |
| Selling, general and administrative | 1,625 | 1,547 | 1,718 | 1,935 | 2,007 | 2,059 |
| Operating income (loss) | 848 | 1,335 | 1,123 | 1,073 | 1,124 | 1,073 |
| Interest expense | 88 | 94 | 85 | 76 | 76 | 80 |
| Income tax expense (benefit) | 127 | 254 | 225 | 221 | 237 | 231 |
| Net income (loss) | 732 | 1,995 | 898 | 852 | 887 | 842 |
| Earnings per share, basic USD per share | 8.25 | 23.44 | 10.55 | 10.06 | 10.57 | 10.08 |
| Earnings per share, diluted USD per share | 8.20 | 23.30 | 10.53 | 10.05 | 10.57 | 10.08 |
| Weighted average shares, basic millions of shares | 89 | 85 | 85 | 85 | 84 | 84 |
| Weighted average shares, diluted millions of shares | 89 | 86 | 85 | 85 | 84 | 84 |
Balance sheet
CSVFiscal years (AFG's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 2,810 | 2,131 | 872 | 1,225 | 1,406 | 1,727 |
| Right-of-use asset | 139 | 118 | 103 | 176 | 212 | 198 |
| Goodwill | 207 | 246 | 246 | 305 | 305 | 327 |
| Total assets | 73,566 | 28,931 | 28,831 | 29,787 | 30,836 | 32,642 |
| Total liabilities | 66,777 | 23,919 | 24,779 | 25,529 | 26,370 | 27,822 |
| Total stockholders' equity | 6,789 | 5,012 | 4,052 | 4,258 | 4,466 | 4,820 |
| Total liabilities and equity | 73,566 | 28,931 | 28,831 | 29,787 | 30,836 | 32,642 |
| Common shares outstanding (cover page) millions of shares | 86 | 85 | 85 | 84 | 84 | 83 |
Cash flows
CSVFiscal years (AFG's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 732 | 1,995 | 898 | 852 | 887 | 842 |
| Net cash from operating activities | 2,183 | 1,714 | 1,153 | 1,970 | 1,152 | 1,533 |
| Net cash from investing activities | (1,564) | (436) | (1,051) | 414 | 95 | (835) |
| Proceeds from issuing common stock | 22 | 66 | 16 | 15 | 17 | 12 |
| Share repurchases | 313 | 319 | 11 | 213 | 0 | 99 |
| Dividends paid | 334 | 2,374 | 1,213 | 684 | 788 | 606 |
| Proceeds from long-term debt | 634 | 0 | 0 | 0 | 0 | 344 |
| Repayments of long-term debt | 150 | 0 | 477 | 21 | 0 | 0 |
| Net cash from financing activities | (123) | (1,957) | (1,361) | (2,031) | (1,066) | (377) |
| Net change in cash | 496 | (679) | (1,259) | 353 | 181 | 321 |
Compare with peers
SIC 6331 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6331 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| American Financial Group | 1,438 | 2,030 | 92* | 82.9M | 10-QJun 30, 2026 |
| Axis Capital Holdings | 1,038 | 1,790 | 878* | 71.7M | 10-QSep 30, 2026 |
| Kinsale Capital Group | 161 | 455 | 264* | 22.5M | 10-QSep 30, 2026 |
| Renaissancere Holdings | 1,098 | 1,691 | 795* | 40.4M | 10-QSep 30, 2026 |
| Hanover Insurance Group | 506 | 1,736 | 520* | 34.4M | 10-QSep 30, 2026 |
| Everest Group | 987 | 3,713 | 667* | 37.0M | 10-QSep 30, 2026 |
| Rli | 46 | 477 | 195* | 91.7M | 10-QSep 30, 2026 |
| Loews | 505 | 843 | 954* | 202.2M | 10-QSep 30, 2026 |
| Selective Insurance Group | 0.9 | 1,326 | 367* | 59.0M | 10-QSep 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.