American Financial Group Inc (AFG)
American Financial Group Inc brought in $8.5B of revenue over the twelve months to September 30, 2026, up 3.3% from a year earlier. Net income was $1B, a net margin of 12.0%. At September 30, 2026 it held $1.3B in cash against $1.8B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about American Financial Group Inc
- Net worth
- American Financial Group Inc has a market value (market cap) of $13.2B at the latest share price, and shareholders' equity of $4.7B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $8.2B (-1.8% year on year), with net income of $842M. Over the 12 months to September 30, 2026: revenue $8.5B, net income $1B.
- Cash flow
- In fiscal 2025 operations brought in $1.5B of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- American Financial Group Inc's next report is expected around February 3, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- American Financial Group Inc declared dividends of $7.28 per share in fiscal 2025, a yield of 4.56% at the current price.
What American Financial Group Inc does
American Financial Group Inc is registered with the SEC under industry code SIC 6331 (Fire, Marine & Casualty Insurance). Its shares trade on NYSE under the ticker AFG.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $8.2B | $842M | $10.08 | n/a |
| 2024 | $8.3B | $887M | $10.57 | n/a |
| 2023 | $7.8B | $852M | $10.05 | n/a |
| 2022 | $7B | $898M | $10.53 | n/a |
| 2021 | $6.6B | $2B | $23.30 | n/a |
| 2020 | $5.8B | $732M | $8.20 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where AFG ranks in Finance
Dividends
American Financial Group Inc declared $7.28 per share in fiscal 2025. At the current price that is a yield of 4.56%. It paid out $606M in cash dividends, 72% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $7.28 | $606M | 72% |
| 2024 | $9.43 | $788M | 89% |
| 2023 | $8.10 | $684M | 80% |
| 2022 | $14.31 | $1.2B | 135% |
| 2021 | $28.06 | $2.4B | 119% |
| 2020 | $3.85 | $334M | 46% |
Latest SEC filings
What American Financial Group Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 11% to $2.6B versus the same quarter last year; diluted EPS $3.40 versus $2.58.
- November 4, 2026
- August 26, 2026Form N-PX filing N-PX
- August 12, 2026Form 13F-HR filing 13F-HR
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 5.5% to $2B versus the same quarter last year; diluted EPS $2.99 versus $2.07.
- August 6, 2026Passive stake changed SCHEDULE 13G/A
- August 5, 2026
- May 21, 2026
- May 13, 2026Form 13F-HR filing 13F-HR
- May 7, 2026Quarterly report 10-Q · period to March 31, 2026Revenue was flat at $1.9B versus the same quarter last year; diluted EPS $2.29 versus $1.84.
Insider trades
What the people running American Financial Group Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $13.4M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 6, 2026 | Hertzman Brian S.SVP, CFO | Soldindirect | 301 | $46.7K |
| November 5, 2026 | Lindner Carl H IIICo-CEO, Director | Gave as a giftindirect | 32 | - |
| September 16, 2026 | Lindner Carl H IIICo-CEO, Director | Other changeindirect | 8,385 | - |
| September 16, 2026 | Lindner Carl H IIICo-CEO, Director | Other changeindirect | 228,987 | - |
| September 16, 2026 | Thompson David Lawrence JrPresident of Subsidiary, Director | Other changeindirect | 30,363 | - |
| September 16, 2026 | Thompson David Lawrence JrPresident of Subsidiary, Director | Other changeindirect | 119,914 | - |
| September 15, 2026 | Lindner Carl H IIICo-CEO, Director | Other changeindirect | 838,480 | - |
| September 14, 2026 | Von Lehman John IDirector | Sold | 1,279 | $184K |
Who owns AFG
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Carl H. Lindner III13D, may seek influence | 6.8% | April 15, 2026 |
| Fmr LLC13G, passive with 1 related filers | 6.5% | August 6, 2026 |
| S. Craig Lindner13D, may seek influence | 6.2% | April 15, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 515 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 7,712,799 | +877,722 |
| Fmr LLC | 5,466,871 | -906,568 |
| Vanguard Portfolio Management LLC | 3,580,166 | -331,900 |
| State Street Corp | 3,080,102 | +68,985 |
| Vanguard Capital Management LLC | 3,026,309 | -258,527 |
| Charles Schwab Investment Management Inc | 2,314,583 | +214,174 |
| American Financial Group Inc 401(K) Retirement & Savings Plan | 2,245,258 | -121,453 |
| Geode Capital Management, LLC | 1,737,126 | +64,406 |
| Victory Capital Management Inc | 1,619,156 | -418,809 |
| Dimensional Fund Advisors LP | 1,611,494 | +104,984 |
| Aqr Capital Management LLC | 1,441,927 | +761,838 |
| Goldman Sachs Group Inc | 1,146,159 | +115,236 |
| Norges Bank | 945,934 | new |
| Morgan Stanley | 843,366 | -59,146 |
| Northern Trust Corp | 803,704 | +14,131 |
| Invesco Ltd. | 744,760 | -35,302 |
| Arrowstreet Capital, Limited Partnership | 744,635 | +313,491 |
| Bank of New York Mellon Corp | 733,098 | -44,975 |
| Balyasny Asset Management L.P. | 695,896 | -79,529 |
| Qube Research & Technologies Ltd | 613,567 | +270,383 |
Insiders
15 insiders reported holding 7,200,658 shares in total, about $1.15B at the last price.
| Holder | Shares |
|---|---|
| Lindner Carl H IIICo-CEO, Director | 3,289,0233,289,023 held indirectly |
| Lindner S CraigCo-CEO, Director | 2,868,7152,868,715 held indirectly |
| Thompson David Lawrence JrPresident of Subsidiary, Director | 476,958476,958 held indirectly |
| Lindner Stephen Craig JrDirector | 329,163329,163 held indirectly |
| Berding John BPresident, Director | 77,616 |
| Joseph Gregory GDirector | 48,592 |
| Gillis Michelle ASenior Vice President | 24,58911,454 held indirectly |
| Weiss Mark ASr. VP & General Counsel | 18,3756,648 held indirectly |
| Verity William WDirector | 14,418 |
| Hertzman Brian S.SVP, CFO | 12,6761,553 held indirectly |
Questions about AFG
What does American Financial Group Inc do?
American Financial Group Inc is a company in the Finance sector, listed on NYSE as AFG. Its shares trade on NYSE under the ticker AFG.
What is American Financial Group Inc's net worth?
American Financial Group Inc has a market value (market cap) of $13.2B at the latest share price, and shareholders' equity of $4.7B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is American Financial Group Inc profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $1B on revenue of $8.5B, a net margin of 12.0%.
How much revenue does American Financial Group Inc make?
Over the twelve months to September 30, 2026 American Financial Group Inc reported revenue of $8.5B. That is 3.3% more than a year earlier.
When did American Financial Group Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 9, 2026.
When is American Financial Group Inc's next earnings report?
American Financial Group Inc's next report is expected around February 3, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does American Financial Group Inc pay a dividend?
Yes. American Financial Group Inc declared dividends of $7.28 per share in fiscal 2025, a yield of 4.56% at the current price.
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Where the numbers come from
Financial figures are the values American Financial Group Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.