# American Financial Group Inc. (AFG)

**Exchange:** NYSE  
**Sector:** Financial Services  
**Market cap:** $11.15B  
**Price:** $133.49 (+0.81%)

> American Financial Group Inc. is an insurance holding company that provides property and casualty insurance products primarily in the United States. It focuses on specialized commercial products for businesses, including coverage for property and transportation, specialty casualty, and specialty financial risks. These offerings encompass insurance for vehicles and commercial property, customized programs for small to mid-sized businesses, workers' compensation, risk management for lending and leasing institutions, trade credit insurance, and other tailored solutions. The company also engages in the sale of fixed and fixed-indexed annuities targeting retail customers, financial institutions, and education markets. Operating through its subsidiaries, American Financial Group Inc. maintains a diversified investment portfolio featuring fixed maturities and alternative investments to support its insurance operations. It emphasizes strong underwriting margins and returns capital to shareholders via dividends and share repurchases. Founded in 1959 and headquartered in Cincinnati, Ohio, the company plays a key role in the specialty insurance sector, serving niche commercial needs with a focus on disciplined risk management.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $8.17B | — | $1.07B | $842M | — |
| 2024 | $8.32B | — | $1.12B | $887M | — |
| 2023 | $7.83B | — | $1.07B | $852M | — |
| 2022 | $7.04B | — | $1.12B | $898M | — |
| 2021 | $6.55B | — | $1.33B | $2.00B | — |
| 2020 | $5.77B | — | $339M | $732M | — |
| 2019 | $6.21B | — | $634M | $897M | — |
| 2018 | $7.15B | — | $639M | $530M | — |
| 2017 | $6.87B | — | $724M | $475M | — |
| 2016 | $6.50B | — | $787M | $649M | — |
| 2015 | $6.14B | — | $565M | $352M | — |
| 2014 | $5.73B | — | $626M | $452M | — |
| 2013 | $5.10B | — | $689M | $471M | — |
| 2012 | $4.96B | — | $537M | $488M | — |
| 2011 | $4.64B | — | $558M | $342M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $32.64B | $27.82B | $4.82B | $1.73B | $1.82B |
| 2024 | $30.84B | $26.37B | $4.47B | $1.41B | $1.48B |
| 2023 | $29.79B | $25.53B | $4.26B | $1.23B | $1.48B |
| 2022 | $28.83B | $24.78B | $4.05B | $872M | $1.50B |
| 2021 | $28.93B | $23.92B | $5.01B | $2.13B | $1.96B |
| 2020 | $73.71B | $66.92B | $6.79B | $1.67B | $1.96B |
| 2019 | $70.13B | $63.86B | $6.27B | $2.31B | $1.47B |
| 2018 | $63.46B | $58.48B | $4.97B | $1.51B | $1.30B |
| 2017 | $60.66B | $55.32B | $5.33B | $2.34B | $1.30B |
| 2016 | $55.07B | $50.15B | $4.92B | $2.11B | $1.28B |
| 2015 | $49.84B | $45.07B | $4.59B | $1.22B | $998M |
| 2014 | $47.51B | $42.48B | $4.88B | $1.34B | $1.06B |
| 2013 | $42.09B | $37.32B | $4.60B | $1.64B | $913M |
| 2012 | $39.17B | $34.42B | $4.58B | $1.71B | $953M |
| 2011 | $35.84B | $31.28B | $4.41B | $1.32B | $934M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $1.53B | — | — |
| 2024 | $1.15B | — | — |
| 2023 | $1.97B | — | — |
| 2022 | $1.15B | — | — |
| 2021 | $1.71B | — | — |
| 2020 | $2.18B | — | — |
| 2019 | $2.46B | — | — |
| 2018 | $2.08B | — | — |
| 2017 | $1.80B | — | — |
| 2016 | $1.15B | — | — |
| 2015 | $1.35B | — | — |
| 2014 | $1.23B | — | — |
| 2013 | $760M | — | — |
| 2012 | $817M | — | — |
| 2011 | $667M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/AFG)