American Financial Group (AFG) Financials

$123.94 +0.95 (+0.77%)

Closing price 03:59 PM Eastern

Extended Trading

$123.99 +0.05 (+0.04%)

As of 04:26 PM Eastern

Annual Income Statements for American Financial Group

This table shows American Financial Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	887	852	898	1,995	732	897	530	475	649	352
Consolidated Net Income / (Loss)	887	852	898	1,995	721	869	517	477	668	370
Net Income / (Loss) Continuing Operations	887	852	898	1,081	314	491	517	477	668	370
Total Pre-Tax Income	1,124	1,073	1,123	1,335	339	634	639	724	787	565
Total Revenue	8,248	7,751	6,955	6,458	5,681	6,145	7,088	6,780	6,421	6,070
Net Interest Income / (Expense)	-76	-76	-85	-94	-88	-68	-62	-85	-77	-75
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	76	76	85	94	88	68	62	85	77	75
Long-Term Debt Interest Expense	76	76	85	94	88	68	62	85	77	75
Total Non-Interest Income	8,324	7,827	7,040	6,552	5,769	6,213	7,150	6,865	6,498	6,145
Trust Fees by Commissions	380	421	268	181	201	269	255	210	190	155
Other Service Charges	124	146	117	113	80	86	223	206	224	243
Net Realized & Unrealized Capital Gains on Investments	784	729	570	854	389	673	1,807	1,848	1,732	1,419
Premiums Earned	7,036	6,531	6,085	5,404	5,099	5,185	4,865	4,601	4,352	4,328
Total Non-Interest Expense	7,124	6,678	5,832	5,123	5,342	5,511	6,449	6,056	5,634	5,505
Property & Liability Insurance Claims	4,460	4,033	3,629	3,157	3,271	3,271	3,003	2,955	2,762	2,695
Other Operating Expenses	2,664	2,645	2,203	1,966	2,071	2,240	604	603	504	448
Income Tax Expense	237	221	225	254	25	143	122	247	119	195
Basic Earnings per Share	$10.57	$10.06	$10.55	$23.44	$8.25	$9.98	$5.95	$5.40	$7.47	$4.02
Weighted Average Basic Shares Outstanding	83.90M	84.70M	85.10M	85.10M	88.70M	89.90M	89M	87.80M	86.90M	87.60M
Diluted Earnings per Share	$10.57	$10.05	$10.53	$23.30	$8.20	$9.85	$5.85	$5.28	$7.33	$3.94
Weighted Average Diluted Shares Outstanding	83.90M	84.80M	85.30M	85.60M	89.20M	91M	90.60M	89.80M	88.50M	89.40M
Weighted Average Basic & Diluted Shares Outstanding	83.98M	83.66M	85.20M	84.93M	86.40M	90.34M	89.10M	88M	86.90M	87.60M
Cash Dividends to Common per Share	$9.43	$8.10	$14.31	$28.06	$3.85	$4.95	$4.45	$4.79	$2.15	$2.03

This table shows American Financial Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	154	255	181	209	242	263	177	200	212	276	165
Consolidated Net Income / (Loss)	154	255	181	209	242	263	177	200	212	276	165
Net Income / (Loss) Continuing Operations	154	255	181	209	242	263	177	200	212	276	165
Total Pre-Tax Income	197	320	229	271	304	335	219	255	264	346	210
Total Revenue	1,837	2,130	2,350	1,881	1,887	2,064	2,145	1,821	1,721	1,909	1,965
Net Interest Income / (Expense)	-19	-19	-19	-19	-19	-19	-19	-19	-19	-20	-19
Total Interest Income	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Expense	19	19	19	19	19	19	19	19	19	20	19
Long-Term Debt Interest Expense	19	19	19	19	19	19	19	19	19	20	19
Total Non-Interest Income	1,856	2,149	2,369	1,900	1,906	2,083	2,164	1,840	1,740	1,929	1,984
Trust Fees by Commissions	76	84	99	98	99	100	105	112	104	93	75
Other Service Charges	27	32	26	27	39	46	43	25	32	24	31
Net Realized & Unrealized Capital Gains on Investments	173	183	189	190	222	205	161	196	167	189	111
Premiums Earned	1,580	1,850	2,055	1,585	1,546	1,732	1,855	1,507	1,437	1,623	1,767
Total Non-Interest Expense	1,640	1,810	2,121	1,610	1,583	1,729	1,926	1,566	1,457	1,563	1,755
Property & Liability Insurance Claims	965	1,181	1,430	937	912	1,069	1,239	905	820	986	1,176
Other Operating Expenses	675	629	691	673	671	660	687	661	637	577	579
Income Tax Expense	43	65	48	62	62	72	42	55	52	70	45
Basic Earnings per Share	$1.84	$3.03	$2.16	$2.49	$2.89	$3.12	$2.10	$2.35	$2.49	$3.24	$1.93
Weighted Average Basic Shares Outstanding	83.80M	83.90M	83.90M	83.90M	83.70M	84.70M	84.60M	85.10M	85.20M	85.10M	85.20M
Diluted Earnings per Share	$1.84	$3.03	$2.16	$2.49	$2.89	$3.13	$2.09	$2.34	$2.49	$3.24	$1.93
Weighted Average Diluted Shares Outstanding	83.80M	83.90M	83.90M	83.90M	83.80M	84.80M	84.70M	85.20M	85.40M	85.30M	85.40M
Weighted Average Basic & Diluted Shares Outstanding	83.52M	83.98M	83.93M	83.90M	83.87M	83.66M	83.78M	84.86M	85.18M	85.20M	85.14M
Cash Dividends to Common per Share	$2.80	-	$0.71	$0.71	$3.21	-	$0.63	$0.63	$4.63	-	$0.56

This table details how cash moves in and out of American Financial Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	181	353	-1,259	-679	496	799	-823	231	887	-123
Net Cash From Operating Activities	1,152	1,970	1,153	1,714	2,183	2,456	2,083	1,804	1,150	1,353
Net Cash From Continuing Operating Activities	1,152	1,970	1,153	1,714	2,183	2,456	2,083	1,804	1,150	1,353
Net Income / (Loss) Continuing Operations	887	852	898	1,995	721	869	517	477	668	370
Consolidated Net Income / (Loss)	887	852	898	1,995	721	869	517	477	668	370
Depreciation Expense	81	78	100	187	299	259	210	107	134	134
Non-Cash Adjustments to Reconcile Net Income	-134	312	-214	-1,417	804	565	1,259	758	289	463
Changes in Operating Assets and Liabilities, net	318	728	369	949	359	763	97	462	59	386
Net Cash From Investing Activities	95	414	-1,051	-436	-1,564	-3,065	-5,350	-3,292	-2,981	-4,573
Net Cash From Continuing Investing Activities	95	414	-1,051	-436	-1,564	-3,065	-5,350	-3,292	-2,981	-4,573
Purchase of Property, Leasehold Improvements and Equipment	-133	-72	-86	-62	-60	-44	-80	-109	-49	-102
Acquisitions	-9.00	-234	-10	-123	-3.00	-	-36	-	-	-
Purchase of Investment Securities	-4,646	-3,773	-6,559	-10,903	-13,511	-11,336	-14,008	-13,731	-11,160	-10,107
Sale of Property, Leasehold Improvements and Equipment	30	3.00	31	46	5.00	4.00	3.00	55	55	117
Sale and/or Maturity of Investments	4,853	4,464	5,573	9,083	12,427	8,311	8,728	10,493	8,173	5,512
Other Investing Activities, net	0.00	26	0.00	-2,058	-425	0.00	43	-	-	-
Net Cash From Financing Activities	-1,066	-2,031	-1,361	-1,957	-123	1,408	2,444	1,719	2,718	3,097
Net Cash From Continuing Financing Activities	-1,066	-2,031	-1,361	-1,957	-123	1,408	2,444	1,719	2,718	3,097
Issuance of Common Equity	2,353	685	1,222	2,949	451	407	2,016	2,768	2,328	1,087
Repayment of Debt	0.00	-21	-477	-1,931	-3,861	-3,508	-2,916	-3,150	-2,293	-2,217
Repurchase of Common Equity	0.00	-213	-11	-319	-313	0.00	-6.00	0.00	-133	-126
Payment of Dividends	-788	-684	-1,213	-2,374	-334	-444	-394	-417	-185	-176
Other Financing Activities, Net	-2,631	-1,798	-882	-282	3,300	4,638	3,744	1,806	2,699	4,384

This table details how cash moves in and out of American Financial Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-130	84	201	34	-138	4.00	233	131	-15	78	-173
Net Cash From Operating Activities	342	674	459	-88	107	756	696	115	403	110	529
Net Cash From Continuing Operating Activities	342	674	459	-88	107	756	696	115	403	110	529
Net Income / (Loss) Continuing Operations	154	255	181	209	242	263	177	200	212	276	165
Consolidated Net Income / (Loss)	154	255	181	209	242	263	177	200	212	276	165
Depreciation Expense	22	21	21	19	20	18	21	19	20	22	25
Non-Cash Adjustments to Reconcile Net Income	54	13	138	-132	-153	273	-4.00	-94	137	-351	118
Changes in Operating Assets and Liabilities, net	112	385	119	-184	-2.00	202	502	-10	34	163	221
Net Cash From Investing Activities	23	-21	122	149	-155	-45	91	295	73	11	-561
Net Cash From Continuing Investing Activities	23	-21	122	149	-155	-45	91	295	73	11	-561
Purchase of Property, Leasehold Improvements and Equipment	-25	-33	-29	-33	-38	-32	-7.00	-20	-13	-14	-14
Purchase of Investment Securities	-1,167	-1,483	-934	-1,058	-1,171	-871	-949	-640	-1,313	-1,202	-1,381
Sale and/or Maturity of Investments	1,215	1,499	1,085	1,215	1,054	857	1,255	954	1,398	1,227	837
Net Cash From Financing Activities	-495	-569	-380	-27	-90	-707	-554	-279	-491	-43	-141
Net Cash From Continuing Financing Activities	-495	-569	-380	-27	-90	-707	-554	-279	-491	-43	-141
Issuance of Common Equity	767	567	2.00	1,143	641	53	7.00	33	592	544	50
Repurchase of Common Equity	-58	-	-	-	0.00	-60	-86	-43	-24	-1.00	-5.00
Payment of Dividends	-233	-403	-58	-59	-268	-186	-52	-53	-393	-224	-47
Other Financing Activities, Net	-971	-733	-324	-1,111	-463	-514	-423	-211	-650	-321	-136

This table presents American Financial Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	30,836	29,787	28,831	28,931	73,710	70,130	63,456	60,658	55,072	49,837
Cash and Due from Banks	1,406	1,225	872	2,131	1,665	2,314	1,515	2,338	2,107	1,220
Trading Account Securities	13,502	13,266	12,837	12,944	11,232	51,167	45,474	-	36,953	34,498
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Mortgage Servicing Rights	791	643	676	520	377	1,329	1,068	-	1,147	1,067
Unearned Premiums Asset	2,545	2,432	2,256	2,099	1,997	2,013	1,844	-	1,536	1,417
Deferred Acquisition Cost	320	309	288	267	244	1,037	1,682	1,216	1,239	1,184
Goodwill	305	305	246	246	176	414	207	199	199	199
Other Assets	11,967	11,607	11,656	1,909	58,019	11,435	11,109	-	11,291	9,644
Total Liabilities & Shareholders' Equity	30,836	29,787	28,831	28,931	73,710	70,130	63,456	9,678	55,072	49,837
Total Liabilities	26,370	25,529	24,779	18,699	66,921	63,861	58,484	9,678	50,153	45,067
Long-Term Debt	1,475	1,475	1,496	13,038	1,963	1,473	1,302	-	1,283	998
Claims and Claim Expense	14,179	13,087	11,974	-	10,392	10,232	9,741	9,678	8,563	8,127
Unearned Premiums Liability	3,584	3,451	3,246	3,041	2,803	2,830	2,595	-	2,171	2,060
Other Long-Term Liabilities	7,132	7,516	8,063	2,620	51,763	8,292	7,673	-	7,629	6,652
Total Equity & Noncontrolling Interests	4,466	4,258	4,052	5,012	6,789	6,269	4,972	5,331	4,919	4,770
Total Preferred & Common Equity	4,466	4,258	4,052	5,012	6,789	6,269	4,970	0.00	4,916	4,592
Total Common Equity	4,466	4,258	4,052	5,012	6,789	6,269	4,970	0.00	4,916	4,592
Common Stock	1,495	1,456	1,453	1,415	1,367	1,397	1,334	-	1,198	1,301
Retained Earnings	3,211	3,121	3,142	3,478	4,149	4,009	3,588	-	3,343	2,987
Accumulated Other Comprehensive Income / (Loss)	-240	-319	-543	119	1,273	863	48	-	375	304

This table presents American Financial Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	30,294	32,591	29,913	30,001	30,825	29,048	28,481	29,532
Cash and Due from Banks	1,276	1,322	1,121	1,087	1,221	988	857	794
Trading Account Securities	12,965	13,505	13,220	13,316	12,796	12,727	12,821	12,721
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Mortgage Servicing Rights	827	765	773	722	644	645	646	676
Unearned Premiums Asset	2,694	3,341	3,052	2,684	3,311	2,908	2,480	2,878
Deferred Acquisition Cost	316	340	328	309	324	316	285	292
Goodwill	305	305	305	305	305	246	246	246
Other Assets	11,911	13,013	11,114	11,578	12,224	11,218	1,917	11,925
Total Liabilities & Shareholders' Equity	30,294	32,591	29,913	30,001	30,825	29,048	28,481	29,532
Total Liabilities	25,902	27,883	25,529	25,761	26,844	25,055	19,282	25,600
Long-Term Debt	1,476	1,475	1,475	1,475	1,474	1,474	13,239	1,533
Claims and Claim Expense	13,970	14,206	12,607	13,050	12,891	11,925	-	12,067
Unearned Premiums Liability	3,710	4,320	3,816	3,650	3,997	3,686	3,435	3,785
Other Long-Term Liabilities	6,746	7,882	7,631	7,586	8,482	7,970	2,608	8,215
Total Equity & Noncontrolling Interests	4,392	4,708	4,384	4,240	3,981	3,993	3,941	3,932
Total Preferred & Common Equity	4,392	4,708	4,384	4,240	3,981	3,993	3,941	3,932
Total Common Equity	4,392	4,708	4,384	4,240	3,981	3,993	3,941	3,932
Common Stock	1,493	1,484	1,476	1,466	1,456	1,462	1,459	1,443
Retained Earnings	3,078	3,360	3,239	3,089	3,095	3,042	2,933	3,091
Accumulated Other Comprehensive Income / (Loss)	-179	-136	-331	-315	-570	-511	-451	-602

This table displays calculated financial ratios and metrics derived from American Financial Group's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.41%	11.45%	7.70%	13.68%	-7.55%	-13.30%	4.54%	5.59%	5.78%	7.26%
EBITDA Growth	4.69%	-5.89%	-19.65%	138.56%	-28.56%	5.18%	2.17%	-9.77%	31.76%	-9.22%
EBIT Growth	4.75%	-4.45%	-15.88%	293.81%	-46.53%	-0.78%	-11.74%	-8.01%	39.29%	-9.74%
NOPAT Growth	4.11%	-5.12%	-16.93%	244.27%	-36.05%	-5.03%	8.39%	-28.59%	80.54%	-8.87%
Net Income Growth	4.11%	-5.12%	-54.99%	176.70%	-17.03%	68.09%	8.39%	-28.59%	80.54%	-8.87%
EPS Growth	5.17%	-4.56%	-54.81%	184.15%	-16.75%	68.38%	10.80%	-27.97%	86.04%	-20.72%
Operating Cash Flow Growth	-41.52%	70.86%	-32.73%	-21.48%	-11.12%	17.91%	15.47%	56.87%	-15.00%	9.91%
Free Cash Flow Firm Growth	1.80%	-96.42%	238.57%	-1,830.60%	28.76%	-102.16%	202.08%	-19,032.05%	-67.36%	2,755.56%
Invested Capital Growth	3.63%	3.33%	-76.16%	165.88%	13.05%	23.40%	-87.69%	721.99%	7.52%	-5.67%
Revenue Q/Q Growth	0.81%	2.04%	2.57%	1.10%	38.43%	-20.51%	-1.58%	1.07%	1.82%	1.22%
EBITDA Q/Q Growth	-0.99%	-1.29%	-7.84%	5.33%	593.48%	-15.11%	-23.51%	-9.87%	17.03%	-1.83%
EBIT Q/Q Growth	-1.32%	-1.01%	-8.10%	8.18%	254.09%	-21.73%	-32.38%	-6.46%	15.74%	3.67%
NOPAT Q/Q Growth	-0.89%	-1.50%	-8.09%	8.86%	303.90%	-23.64%	-27.99%	-31.76%	62.93%	1.37%
Net Income Q/Q Growth	-0.89%	-1.50%	-8.09%	-14.52%	230.73%	35.15%	-27.99%	-31.76%	62.93%	1.37%
EPS Q/Q Growth	-0.94%	-1.08%	-8.36%	-13.09%	194.96%	36.05%	-26.78%	-32.31%	65.09%	1.03%
Operating Cash Flow Q/Q Growth	-6.65%	48.79%	-13.44%	-10.36%	-11.30%	-1.64%	-0.24%	29.13%	-3.52%	-7.58%
Free Cash Flow Firm Q/Q Growth	306.59%	-23.77%	585.57%	-700.67%	18.88%	-53.86%	4,842.40%	-6,483.43%	150.65%	-0.28%
Invested Capital Q/Q Growth	-3.91%	5.10%	1.52%	223.02%	3.60%	-0.03%	-2.97%	665.12%	-6.85%	-0.31%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	14.61%	14.85%	17.58%	23.57%	11.23%	14.53%	11.98%	12.26%	14.34%	11.52%
EBIT Margin	13.63%	13.84%	16.15%	20.67%	5.97%	10.32%	9.02%	10.68%	12.26%	9.31%
Profit (Net Income) Margin	10.75%	10.99%	12.91%	30.89%	12.69%	14.14%	7.29%	7.04%	10.40%	6.10%
Tax Burden Percent	78.91%	79.40%	79.96%	149.44%	212.68%	137.07%	80.91%	65.88%	84.88%	65.49%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	21.09%	20.60%	20.04%	19.03%	7.37%	22.56%	19.09%	34.12%	15.12%	34.51%
Return on Invested Capital (ROIC)	15.20%	15.11%	6.23%	6.75%	3.81%	7.01%	1.81%	1.67%	11.16%	6.23%
ROIC Less NNEP Spread (ROIC-NNEP)	15.20%	15.11%	6.23%	15.79%	27.50%	34.25%	1.81%	1.67%	11.16%	6.23%
Return on Net Nonoperating Assets (RNNOA)	5.14%	5.40%	13.58%	27.06%	7.24%	8.46%	8.23%	7.64%	2.63%	1.31%
Return on Equity (ROE)	20.33%	20.51%	19.81%	33.81%	11.04%	15.46%	10.04%	9.31%	13.79%	7.53%
Cash Return on Invested Capital (CROIC)	11.63%	11.83%	129.22%	-83.92%	-8.44%	-13.94%	157.97%	-154.95%	3.91%	12.07%
Operating Return on Assets (OROA)	3.71%	3.66%	3.89%	2.60%	0.47%	0.95%	1.03%	1.25%	1.50%	1.16%
Return on Assets (ROA)	2.93%	2.91%	3.11%	3.89%	1.00%	1.30%	0.83%	0.82%	1.27%	0.76%
Return on Common Equity (ROCE)	20.33%	20.51%	19.81%	33.81%	11.04%	15.46%	4.84%	4.46%	13.53%	7.26%
Return on Equity Simple (ROE_SIMPLE)	19.86%	20.01%	22.16%	39.80%	10.62%	13.86%	10.40%	0.00%	13.59%	8.06%
Net Operating Profit after Tax (NOPAT)	887	852	898	1,081	314	491	517	477	668	370
NOPAT Margin	10.75%	10.99%	12.91%	16.74%	5.53%	7.99%	7.29%	7.04%	10.40%	6.10%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	-9.04%	-23.69%	-27.24%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	86.37%	86.16%	83.85%	79.33%	94.03%	89.68%	90.98%	89.32%	87.74%	90.69%
Earnings before Interest and Taxes (EBIT)	1,124	1,073	1,123	1,335	339	634	639	724	787	565
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,205	1,151	1,223	1,522	638	893	849	831	921	699
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.56	2.16	2.50	1.89	0.74	0.99	0.97	0.00	0.85	0.73
Price to Tangible Book Value (P/TBV)	2.75	2.33	2.66	1.99	0.76	1.06	1.01	0.00	0.89	0.76
Price to Revenue (P/Rev)	1.38	1.19	1.46	1.47	0.88	1.01	0.68	0.81	0.65	0.55
Price to Earnings (P/E)	12.88	10.81	11.28	4.75	6.84	6.91	9.11	11.54	6.44	9.50
Dividend Yield	6.93%	7.37%	13.71%	25.11%	6.68%	7.20%	8.22%	7.69%	6.55%	5.30%
Earnings Yield	7.77%	9.25%	8.86%	21.05%	14.62%	14.46%	10.97%	8.66%	15.52%	10.53%
Enterprise Value to Invested Capital (EV/IC)	1.93	1.65	1.94	0.88	0.61	0.69	0.74	0.06	0.54	0.57
Enterprise Value to Revenue (EV/Rev)	1.39	1.22	1.55	3.16	0.93	0.87	0.65	0.46	0.52	0.54
Enterprise Value to EBITDA (EV/EBITDA)	9.54	8.22	8.79	13.39	8.31	6.00	5.44	3.78	3.65	4.72
Enterprise Value to EBIT (EV/EBIT)	10.22	8.82	9.58	15.27	15.65	8.45	7.23	4.34	4.27	5.84
Enterprise Value to NOPAT (EV/NOPAT)	12.96	11.10	11.98	18.86	16.89	10.92	8.93	6.59	5.03	8.92
Enterprise Value to Operating Cash Flow (EV/OCF)	9.98	4.80	9.33	11.89	2.43	2.18	2.22	1.74	2.92	2.44
Enterprise Value to Free Cash Flow (EV/FCFF)	16.92	14.18	0.58	0.00	0.00	0.00	0.10	0.00	14.37	4.60
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.33	0.35	0.37	2.60	0.29	0.24	0.26	0.00	0.26	0.21
Long-Term Debt to Equity	0.33	0.35	0.37	2.60	0.29	0.24	0.26	0.00	0.26	0.21
Financial Leverage	0.34	0.36	2.18	1.71	0.26	0.25	4.56	4.58	0.24	0.21
Leverage Ratio	6.95	7.05	6.37	8.70	11.02	11.88	12.05	11.29	10.83	9.91
Compound Leverage Factor	6.95	7.05	6.37	8.70	11.02	11.88	12.05	11.29	10.83	9.91
Debt to Total Capital	24.83%	25.73%	26.96%	72.23%	22.43%	19.03%	20.75%	0.00%	20.69%	17.30%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	24.83%	25.73%	26.96%	72.23%	22.43%	19.03%	20.75%	0.00%	20.69%	17.30%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.00%	0.05%	3.09%
Common Equity to Total Capital	75.17%	74.27%	73.04%	27.77%	77.57%	80.97%	79.22%	0.00%	79.26%	79.61%
Debt to EBITDA	1.22	1.28	1.22	8.57	3.08	1.65	1.53	0.00	1.39	1.43
Net Debt to EBITDA	0.06	0.22	0.51	7.17	0.47	-0.94	-0.25	0.00	-0.89	-0.32
Long-Term Debt to EBITDA	1.22	1.28	1.22	8.57	3.08	1.65	1.53	0.00	1.39	1.43
Debt to NOPAT	1.66	1.73	1.67	12.06	6.25	3.00	2.52	0.00	1.92	2.70
Net Debt to NOPAT	0.08	0.29	0.69	10.09	0.95	-1.71	-0.41	0.00	-1.23	-0.60
Long-Term Debt to NOPAT	1.66	1.73	1.67	12.06	6.25	3.00	2.52	0.00	1.92	2.70
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	51.76%	52.04%	1.87%	3.59%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	679	667	18,620	-13,437	-696	-977	45,223	-44,301	234	717
Operating Cash Flow to CapEx	1,118.45%	2,855.07%	2,096.36%	10,712.50%	3,969.09%	6,140.00%	2,705.19%	3,340.74%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	8.93	8.78	219.06	-142.95	-7.91	-14.37	729.40	-521.19	3.04	9.56
Operating Cash Flow to Interest Expense	15.16	25.92	13.56	18.23	24.81	36.12	33.60	21.22	14.94	18.04
Operating Cash Flow Less CapEx to Interest Expense	13.80	25.01	12.92	18.06	24.18	35.53	32.35	20.59	15.01	18.24
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.27	0.26	0.24	0.13	0.08	0.09	0.11	0.12	0.12	0.12
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,941	5,733	5,548	23,270	8,752	7,742	6,274	50,980	6,202	5,768
Invested Capital Turnover	1.41	1.37	0.48	0.40	0.69	0.88	0.25	0.24	1.07	1.02
Increase / (Decrease) in Invested Capital	208	185	-17,722	14,518	1,010	1,468	-44,706	44,778	434	-347
Enterprise Value (EV)	11,492	9,461	10,756	20,383	5,304	5,360	4,618	3,144	3,361	3,300
Market Capitalization	11,423	9,211	10,132	9,476	5,006	6,201	4,829	5,482	4,182	3,344
Book Value per Share	$53.21	$50.82	$47.59	$59.10	$78.17	$69.52	$55.68	$0.00	$56.61	$52.57
Tangible Book Value per Share	$49.58	$47.18	$44.70	$56.20	$76.15	$64.93	$53.37	($2.26)	$54.31	$50.29
Total Capital	5,941	5,733	5,548	18,050	8,752	7,742	6,274	5,331	6,202	5,768
Total Debt	1,475	1,475	1,496	13,038	1,963	1,473	1,302	0.00	1,283	998
Total Long-Term Debt	1,475	1,475	1,496	13,038	1,963	1,473	1,302	0.00	1,283	998
Net Debt	69	250	624	10,907	298	-841	-213	-2,338	-824	-222
Capital Expenditures (CapEx)	103	69	55	16	55	40	77	54	-6.00	-15
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	-914	-407	-378	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	1,475	1,475	1,496	18,258	1,963	1,473	1,302	45,649	1,283	998
Total Depreciation and Amortization (D&A)	81	78	100	187	299	259	210	107	134	134
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$10.57	$10.06	$10.55	$23.44	$8.25	$9.98	$5.95	$5.40	$7.47	$4.02
Adjusted Weighted Average Basic Shares Outstanding	83.90M	84.70M	85.10M	85.10M	88.70M	89.90M	89M	87.80M	86.90M	87.60M
Adjusted Diluted Earnings per Share	$10.57	$10.05	$10.53	$23.30	$8.20	$9.85	$5.85	$5.28	$7.33	$3.94
Adjusted Weighted Average Diluted Shares Outstanding	83.90M	84.80M	85.30M	85.60M	89.20M	91M	90.60M	89.80M	88.50M	89.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	83.98M	83.66M	85.20M	84.93M	86.40M	90.34M	89.31M	88.43M	87.01M	86.59M
Normalized Net Operating Profit after Tax (NOPAT)	887	852	898	1,081	314	491	728	591	826	487
Normalized NOPAT Margin	10.75%	10.99%	12.91%	16.74%	5.53%	7.99%	10.27%	8.72%	12.86%	8.03%
Pre Tax Income Margin	13.63%	13.84%	16.15%	20.67%	5.97%	10.32%	9.02%	10.68%	12.26%	9.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	14.79	14.12	13.21	14.20	3.85	9.32	10.31	8.52	10.22	7.53
NOPAT to Interest Expense	11.67	11.21	10.56	11.50	3.57	7.22	8.34	5.61	8.68	4.93
EBIT Less CapEx to Interest Expense	13.43	13.21	12.56	14.03	3.23	8.74	9.06	7.88	10.30	7.73
NOPAT Less CapEx to Interest Expense	10.32	10.30	9.92	11.33	2.94	6.63	7.10	4.98	8.75	5.13
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	88.84%	80.28%	135.08%	119.00%	46.32%	51.09%	76.21%	87.42%	27.69%	47.57%
Augmented Payout Ratio	88.84%	105.28%	136.30%	134.99%	89.74%	51.09%	77.37%	87.42%	47.60%	81.62%

This table displays calculated financial ratios and metrics derived from American Financial Group's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.65%	3.20%	9.56%	3.29%	9.65%	8.12%	9.16%	20.12%	9.97%	10.03%	13.58%
EBITDA Growth	-32.41%	-3.40%	4.17%	5.84%	14.08%	-4.08%	2.13%	17.60%	-26.62%	-22.03%	-20.07%
EBIT Growth	-35.20%	-4.48%	4.57%	6.27%	15.15%	-3.18%	4.29%	23.79%	-26.87%	-22.25%	-21.35%
NOPAT Growth	-36.36%	-3.04%	2.26%	4.50%	14.15%	-4.71%	7.27%	19.76%	-26.90%	-22.25%	-24.66%
Net Income Growth	-36.36%	-3.04%	2.26%	4.50%	14.15%	-4.71%	7.27%	19.76%	-26.90%	-22.25%	-24.66%
EPS Growth	-36.33%	-3.19%	3.35%	6.41%	16.06%	-3.40%	8.29%	19.39%	-26.76%	-22.86%	-24.61%
Operating Cash Flow Growth	219.63%	-10.85%	-34.05%	-176.52%	-73.45%	587.27%	31.57%	945.45%	-19.88%	-61.94%	16.26%
Free Cash Flow Firm Growth	-99.99%	-39.74%	-392.51%	-153.51%	209.64%	-99.57%	-90.18%	-83.88%	-807.87%	227.08%	30.14%
Invested Capital Growth	2.68%	3.63%	13.35%	7.17%	-74.53%	3.33%	-0.18%	-2.53%	232.32%	-76.16%	-24.14%
Revenue Q/Q Growth	-13.76%	-9.36%	24.93%	-0.32%	-8.58%	-3.78%	17.79%	5.81%	-9.85%	-2.85%	29.62%
EBITDA Q/Q Growth	-35.78%	36.40%	-13.79%	-10.49%	-8.22%	47.08%	-12.41%	-3.52%	-22.83%	56.60%	0.86%
EBIT Q/Q Growth	-38.44%	39.74%	-15.50%	-10.86%	-9.25%	52.97%	-14.12%	-3.41%	-23.70%	64.76%	1.94%
NOPAT Q/Q Growth	-39.61%	40.88%	-13.40%	-13.64%	-7.98%	48.59%	-11.50%	-5.66%	-23.19%	67.27%	-1.20%
Net Income Q/Q Growth	-39.61%	40.88%	-13.40%	-13.64%	-7.98%	48.59%	-11.50%	-5.66%	-23.19%	67.27%	-1.20%
EPS Q/Q Growth	-39.27%	40.28%	-13.25%	-13.84%	-7.67%	49.76%	-10.68%	-6.02%	-23.15%	67.88%	-1.53%
Operating Cash Flow Q/Q Growth	-49.26%	46.84%	621.59%	-182.24%	-85.85%	8.62%	505.22%	-71.46%	266.36%	-79.21%	4,709.09%
Free Cash Flow Firm Q/Q Growth	-97.87%	108.59%	-198.91%	-101.08%	21,650.00%	-58.29%	-45.32%	102.21%	-185.98%	845.27%	-10.27%
Invested Capital Q/Q Growth	-1.23%	-3.91%	5.53%	2.52%	-0.31%	5.10%	-0.22%	-75.64%	304.43%	1.52%	-2.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	11.92%	16.01%	10.64%	15.42%	17.17%	17.10%	11.19%	15.05%	16.50%	19.28%	11.96%
EBIT Margin	10.72%	15.02%	9.74%	14.41%	16.11%	16.23%	10.21%	14.00%	15.34%	18.12%	10.69%
Profit (Net Income) Margin	8.38%	11.97%	7.70%	11.11%	12.82%	12.74%	8.25%	10.98%	12.32%	14.46%	8.40%
Tax Burden Percent	78.17%	79.69%	79.04%	77.12%	79.61%	78.51%	80.82%	78.43%	80.30%	79.77%	78.57%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	21.83%	20.31%	20.96%	22.88%	20.39%	21.49%	19.18%	21.57%	19.70%	20.23%	21.43%
Return on Invested Capital (ROIC)	11.87%	16.92%	10.83%	15.65%	7.21%	17.51%	11.48%	14.71%	6.00%	6.98%	8.99%
ROIC Less NNEP Spread (ROIC-NNEP)	11.87%	16.92%	10.83%	15.65%	7.21%	17.51%	11.48%	14.71%	6.00%	6.98%	8.99%
Return on Net Nonoperating Assets (RNNOA)	4.06%	5.72%	3.68%	5.51%	17.61%	6.26%	4.36%	5.50%	13.96%	15.21%	3.43%
Return on Equity (ROE)	15.92%	22.64%	14.51%	21.16%	24.82%	23.77%	15.84%	20.21%	19.96%	22.19%	12.42%
Cash Return on Invested Capital (CROIC)	11.15%	11.63%	2.87%	8.81%	125.07%	11.83%	16.03%	17.97%	-101.86%	129.22%	42.88%
Operating Return on Assets (OROA)	2.92%	4.09%	2.51%	3.90%	4.36%	4.29%	2.57%	3.64%	3.81%	4.36%	2.44%
Return on Assets (ROA)	2.28%	3.26%	1.99%	3.01%	3.47%	3.37%	2.08%	2.85%	3.06%	3.48%	1.91%
Return on Common Equity (ROCE)	15.92%	22.64%	14.51%	21.16%	24.82%	23.77%	15.84%	20.21%	19.96%	22.19%	12.42%
Return on Equity Simple (ROE_SIMPLE)	18.19%	0.00%	19.01%	20.32%	20.80%	0.00%	21.73%	21.36%	20.81%	0.00%	24.85%
Net Operating Profit after Tax (NOPAT)	154	255	181	209	242	263	177	200	212	276	165
NOPAT Margin	8.38%	11.97%	7.70%	11.11%	12.82%	12.74%	8.25%	10.98%	12.32%	14.46%	8.40%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	89.28%	84.98%	90.26%	85.59%	83.89%	83.77%	89.79%	86.00%	84.66%	81.88%	89.31%
Earnings before Interest and Taxes (EBIT)	197	320	229	271	304	335	219	255	264	346	210
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	219	341	250	290	324	353	240	274	284	368	235
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.50	2.56	2.38	2.34	2.67	2.16	2.23	2.38	2.45	2.50	2.36
Price to Tangible Book Value (P/TBV)	2.68	2.75	2.55	2.52	2.87	2.33	2.42	2.53	2.62	2.66	2.52
Price to Revenue (P/Rev)	1.34	1.38	1.37	1.29	1.43	1.19	1.17	1.28	1.36	1.46	1.37
Price to Earnings (P/E)	13.72	12.88	12.54	11.51	12.82	10.81	10.28	11.13	11.79	11.28	9.49
Dividend Yield	6.91%	6.93%	5.11%	5.53%	4.95%	7.37%	8.13%	14.76%	16.20%	13.71%	22.27%
Earnings Yield	7.29%	7.77%	7.97%	8.68%	7.80%	9.25%	9.73%	8.99%	8.48%	8.86%	10.54%
Enterprise Value to Invested Capital (EV/IC)	1.90	1.93	1.84	1.81	2.05	1.65	1.68	1.83	0.98	1.94	1.83
Enterprise Value to Revenue (EV/Rev)	1.36	1.39	1.39	1.33	1.48	1.22	1.20	1.35	3.10	1.55	1.48
Enterprise Value to EBITDA (EV/EBITDA)	10.15	9.54	9.35	8.79	9.82	8.22	7.84	8.60	19.68	8.79	7.54
Enterprise Value to EBIT (EV/EBIT)	10.98	10.22	9.99	9.40	10.51	8.82	8.43	9.28	21.49	9.58	8.19
Enterprise Value to NOPAT (EV/NOPAT)	13.97	12.96	12.72	11.91	13.26	11.10	10.57	11.70	26.89	11.98	10.24
Enterprise Value to Operating Cash Flow (EV/OCF)	8.05	9.98	9.22	7.21	6.99	4.80	6.91	8.62	20.94	9.33	7.51
Enterprise Value to Free Cash Flow (EV/FCFF)	17.28	16.92	68.15	21.27	0.66	14.18	10.45	10.03	0.00	0.58	3.69
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.33	0.31	0.34	0.35	0.35	0.37	0.37	3.36	0.37	0.39
Long-Term Debt to Equity	0.34	0.33	0.31	0.34	0.35	0.35	0.37	0.37	3.36	0.37	0.39
Financial Leverage	0.34	0.34	0.34	0.35	2.44	0.36	0.38	0.37	2.33	2.18	0.38
Leverage Ratio	6.99	6.95	7.30	7.04	7.15	7.05	7.63	7.09	6.52	6.37	6.48
Compound Leverage Factor	6.99	6.95	7.30	7.04	7.15	7.05	7.63	7.09	6.52	6.37	6.48
Debt to Total Capital	25.15%	24.83%	23.86%	25.17%	25.81%	25.73%	27.02%	26.96%	77.06%	26.96%	28.05%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	25.15%	24.83%	23.86%	25.17%	25.81%	25.73%	27.02%	26.96%	77.06%	26.96%	28.05%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	74.85%	75.17%	76.14%	74.83%	74.19%	74.27%	72.98%	73.04%	22.94%	73.04%	71.95%
Debt to EBITDA	1.34	1.22	1.21	1.22	1.24	1.28	1.26	1.27	11.82	1.22	1.16
Net Debt to EBITDA	0.18	0.06	0.13	0.29	0.33	0.22	0.22	0.42	11.06	0.51	0.56
Long-Term Debt to EBITDA	1.34	1.22	1.21	1.22	1.24	1.28	1.26	1.27	11.82	1.22	1.16
Debt to NOPAT	1.85	1.66	1.65	1.66	1.67	1.73	1.70	1.73	16.15	1.67	1.57
Net Debt to NOPAT	0.25	0.08	0.17	0.40	0.44	0.29	0.29	0.57	15.10	0.69	0.76
Long-Term Debt to NOPAT	1.85	1.66	1.65	1.66	1.67	1.73	1.70	1.73	16.15	1.67	1.57
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1.00	47	-547	-183	16,965	78	187	342	-15,474	17,998	1,904
Operating Cash Flow to CapEx	1,368.00%	2,407.14%	1,582.76%	-1,100.00%	281.58%	2,438.71%	9,942.86%	605.26%	3,358.33%	785.71%	7,557.14%
Free Cash Flow to Firm to Interest Expense	0.05	2.47	-28.79	-9.63	892.89	4.11	9.84	18.00	-814.42	899.90	100.21
Operating Cash Flow to Interest Expense	18.00	35.47	24.16	-4.63	5.63	39.79	36.63	6.05	21.21	5.50	27.84
Operating Cash Flow Less CapEx to Interest Expense	16.68	34.00	22.63	-5.05	3.63	38.16	36.26	5.05	20.58	4.80	27.47
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.27	0.27	0.26	0.27	0.27	0.26	0.25	0.26	0.25	0.24	0.23
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,868	5,941	6,183	5,859	5,715	5,733	5,455	5,467	22,438	5,548	5,465
Invested Capital Turnover	1.42	1.41	1.41	1.41	0.56	1.37	1.39	1.34	0.49	0.48	1.07
Increase / (Decrease) in Invested Capital	153	208	728	392	-16,723	185	-10	-142	15,686	-17,722	-1,739
Enterprise Value (EV)	11,162	11,492	11,381	10,613	11,695	9,461	9,143	9,979	22,047	10,756	10,009
Market Capitalization	10,962	11,423	11,228	10,259	11,307	9,211	8,890	9,493	9,665	10,132	9,270
Book Value per Share	$52.30	$53.21	$56.11	$52.27	$50.66	$50.82	$46.91	$46.88	$46.26	$47.59	$46.17
Tangible Book Value per Share	$48.67	$49.58	$52.48	$48.64	$47.01	$47.18	$43.32	$43.99	$43.37	$44.70	$43.28
Total Capital	5,868	5,941	6,183	5,859	5,715	5,733	5,455	5,467	17,180	5,548	5,465
Total Debt	1,476	1,475	1,475	1,475	1,475	1,475	1,474	1,474	13,239	1,496	1,533
Total Long-Term Debt	1,476	1,475	1,475	1,475	1,475	1,475	1,474	1,474	13,239	1,496	1,533
Net Debt	200	69	153	354	388	250	253	486	12,382	624	739
Capital Expenditures (CapEx)	25	28	29	8.00	38	31	7.00	19	12	14	7.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	1,476	1,475	1,475	1,475	1,475	1,475	1,474	1,474	18,497	1,496	1,533
Total Depreciation and Amortization (D&A)	22	21	21	19	20	18	21	19	20	22	25
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.84	$3.03	$2.16	$2.49	$2.89	$3.12	$2.10	$2.35	$2.49	$3.24	$1.93
Adjusted Weighted Average Basic Shares Outstanding	83.80M	83.90M	83.90M	83.90M	83.70M	84.70M	84.60M	85.10M	85.20M	85.10M	85.20M
Adjusted Diluted Earnings per Share	$1.84	$3.03	$2.16	$2.49	$2.89	$3.13	$2.09	$2.34	$2.49	$3.24	$1.93
Adjusted Weighted Average Diluted Shares Outstanding	83.80M	83.90M	83.90M	83.90M	83.80M	84.80M	84.70M	85.20M	85.40M	85.30M	85.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	83.52M	83.98M	83.93M	83.90M	83.87M	83.66M	83.78M	84.86M	85.18M	85.20M	85.14M
Normalized Net Operating Profit after Tax (NOPAT)	154	255	181	209	242	263	177	200	212	276	165
Normalized NOPAT Margin	8.38%	11.97%	7.70%	11.11%	12.82%	12.74%	8.25%	10.98%	12.32%	14.46%	8.40%
Pre Tax Income Margin	10.72%	15.02%	9.74%	14.41%	16.11%	16.23%	10.21%	14.00%	15.34%	18.12%	10.69%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.37	16.84	12.05	14.26	16.00	17.63	11.53	13.42	13.89	17.30	11.05
NOPAT to Interest Expense	8.11	13.42	9.53	11.00	12.74	13.84	9.32	10.53	11.16	13.80	8.68
EBIT Less CapEx to Interest Expense	9.05	15.37	10.53	13.84	14.00	16.00	11.16	12.42	13.26	16.60	10.68
NOPAT Less CapEx to Interest Expense	6.79	11.95	8.00	10.58	10.74	12.21	8.95	9.53	10.53	13.10	8.32
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	94.24%	88.84%	63.80%	63.41%	63.38%	80.28%	83.47%	84.06%	169.51%	135.08%	192.53%
Augmented Payout Ratio	101.50%	88.84%	70.50%	79.80%	84.81%	105.28%	101.27%	92.61%	173.17%	136.30%	193.65%

Frequently Asked Questions About American Financial Group's Financials

When does American Financial Group's financial year end?

According to the most recent income statement we have on file, American Financial Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has American Financial Group's net income changed over the last 9 years?

American Financial Group's net income appears to be on an upward trend, with a most recent value of $887 million in 2024, rising from $370 million in 2015. The previous period was $852 million in 2023. Check out American Financial Group's forecast to explore projected trends and price targets.

How has American Financial Group revenue changed over the last 9 years?

Over the last 9 years, American Financial Group's total revenue changed from $6.07 billion in 2015 to $8.25 billion in 2024, a change of 35.9%.

How much debt does American Financial Group have?

American Financial Group's total liabilities were at $26.37 billion at the end of 2024, a 3.3% increase from 2023, and a 41.5% decrease since 2015.

How much cash does American Financial Group have?

In the past 9 years, American Financial Group's cash and equivalents has ranged from $872 million in 2022 to $2.34 billion in 2017, and is currently $1.41 billion as of their latest financial filing in 2024.

How has American Financial Group's book value per share changed over the last 9 years?

Over the last 9 years, American Financial Group's book value per share changed from 52.57 in 2015 to 53.21 in 2024, a change of 1.2%.

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This page (NYSE:AFG) was last updated on 5/30/2025 by MarketBeat.com Staff

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American Financial Group (AFG) Financials

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American Financial Group (AFG) Financials

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