AMERICAN FINANCIAL GROUP INC

AFGNYSE

Financials · Fire, Marine & Casualty Insurance · OH · SEC filings ↗ · Compare ⊕

Financials

SEC XBRL · annual

	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$8.17B	$8.32B	$7.83B	$7.04B	$6.55B	$5.77B
Operating income	$1.07B	$1.12B	$1.07B	$1.12B	$1.33B	$339.0M
Net income	$842.0M	$887.0M	$852.0M	$898.0M	$2.00B	$732.0M
Total assets	$32.64B	$30.84B	$29.79B	$28.83B	$28.93B	$73.71B
Total liabilities	$27.82B	$26.37B	$25.53B	$24.78B	$23.92B	$66.92B
Equity	$4.82B	$4.47B	$4.26B	$4.05B	$5.01B	$6.79B
EPS (diluted)	$10.08	$10.57	$10.05	$10.53	$23.30	$8.20
Shares out.	84.0M	83.7M	85.2M	84.9M	86.4M	90.3M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025

Operating margin: 13.1%
Net margin: 10.3%
Return on equity: 17.5%
Return on assets: 2.6%
Return on capital (ROCE): —
Liabilities / assets: 85.2%
Debt / equity: 5.77×
Book value / share: $57.39
Revenue growth (YoY): −1.8%
Net income growth (YoY): −5.1%

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025

Accruals / assets: −2.1%clean
Piotroski F-Score: 4/8mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score

/ 100

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →

Signs

● 2 warning● 4 good

Revenue declined year-over-year
High leverage (liabilities > 70% of assets)
Operating margin is positive
Strong return on equity (>15%)
Positive operating cash flow
Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Short interest

FINRA · bi-monthly

Settlement	Shares short	Days to cover	Δ vs prior
May 15, 2026	1.6M	3.7	+12.9%
Apr 30, 2026	1.4M	2.8	+8.1%
Apr 15, 2026	1.3M	3.1	-12.7%
Mar 31, 2026	1.5M	2.3	-0.6%
Mar 13, 2026	1.5M	3.4	-22.0%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

8-KMay 21, 2026
13F-HRMay 13, 2026
10-QMay 7, 2026
8-KApr 30, 2026
SCHEDULE 13D/AApr 15, 2026
SCHEDULE 13D/AApr 15, 2026
ARSApr 3, 2026
DEFA14AApr 3, 2026
DEF 14AApr 3, 2026
SCHEDULE 13G/AMar 26, 2026
144Mar 10, 2026
4Mar 2, 2026
4Mar 2, 2026
4Mar 2, 2026
4Mar 2, 2026

Event-driven situations (2)

Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.