Operating Income for American Financial Group (AFG)
According to American Financial Group's latest reported financial statements, the company's current operating income (TTM) is $1.07B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
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TTM (last 4 quarters)
$1.07B
YoY change
-4.5%
5Y CAGR
+25.9%
Peak year (1996)
$2.88B
Cumulative operating income
$41.85B
Operating Income history chart for American Financial Group (AFG) from 1983 to 2025
Operating Income history table for American Financial Group (AFG) from 1983 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $1.07B | -4.5% | ||
| 2024 | $1.12B | +4.8% | ||
| 2023 | $1.07B | -4.5% | ||
| 2022 | $1.12B | -15.9% | ||
| 2021 | $1.33B | +293.8% | ||
| 2020 | $339.00M | -46.5% | ||
| 2019 | $634.00M | -0.8% | ||
| 2018 | $639.00M | -11.7% | ||
| 2017 | $724.00M | -8.0% | ||
| 2016 | $787.00M | +39.3% | ||
| 2015 | $565.00M | -9.7% | ||
| 2014 | $626.00M | -9.1% | ||
| 2013 | $689.00M | +28.3% | ||
| 2012 | $537.00M | -3.8% | ||
| 2011 | $558.00M | -19.6% | ||
| 2010 | $694.00M | -14.5% | ||
| 2009 | $812.00M | +157.0% | ||
| 2008 | $315.90M | -50.6% | ||
| 2007 | $638.90M | -8.0% | ||
| 2006 | $694.40M | +112.3% | ||
| 2005 | $327.10M | -44.1% | ||
| 2004 | $585.00M | +97.6% | ||
| 2003 | $296.00M | +73.1% | ||
| 2002 | $171.00M | +98.8% | ||
| 2001 | $86.00M | -21.8% | ||
| 2000 | $110.00M | -63.6% | ||
| 1999 | $302.06M | +10.3% | ||
| 1998 | $273.75M | -90.2% | ||
| 1997 | $2.79B | -3.0% | ||
| 1996 | $2.88B | +13.2% | ||
| 1995 | $2.54B | +93.8% | ||
| 1994 | $1.31B | +0.5% | ||
| 1993 | $1.31B | -15.3% | ||
| 1992 | $1.54B | -5.9% | ||
| 1991 | $1.64B | -16.0% | ||
| 1990 | $1.95B | +25.5% | ||
| 1989 | $1.55B | +9.6% | ||
| 1988 | $1.42B | +18.1% | ||
| 1987 | $1.20B | -42.0% | ||
| 1986 | $2.07B | -5.6% | ||
| 1985 | $2.19B | +765.0% | ||
| 1984 | $253.50M | +392.2% | ||
| 1983 | $51.50M | — |
Operating Income values are taken from American Financial Group's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, American Financial Group (AFG) operating income totalled $1.07B – edged down 4.5% year-over-year.
American Financial Group operating income has recorded the values shown across consecutive periods, with a +25.9% compound annual growth rate over 2020–2025 (5 years).
American Financial Group operating income plunged from $2.88B in 1996 to $1.07B in 2025, a 62.8% drawdown.
1996 marks the peak operating income at $2.88B, with the historical low of $51.50M recorded in 1983.
American Financial Group (AFG) sits 9th of 8 Financial Services peers we track on this metric, against a peer median of $24.60B.
American Financial Group Operating Income by Year
American Financial Group Operating Income 2025: $1.07B
American Financial Group operating income in 2025 was $1.07B, edged down 4.5% below 2024.
American Financial Group Operating Income 2024: $1.12B
American Financial Group operating income in 2024 was $1.12B, edged up 4.8% from 2023.
American Financial Group Operating Income 2023: $1.07B
American Financial Group operating income in 2023 was $1.07B, edged down 4.5% below 2022.
American Financial Group Operating Income 2022: $1.12B
American Financial Group operating income in 2022 was $1.12B, declined 15.9% below 2021.
American Financial Group Operating Income 2021: $1.33B
American Financial Group operating income in 2021 was $1.33B.
See more financial history for American Financial Group (AFG).
Sector peers — Operating Income
Companies in the same sector as American Financial Group, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $72.59B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $59.54B | Financial Services |
| Bank of America Corporation (BAC) | $37.70B | Financial Services |
| Wells Fargo & Company (WFC) | $25.20B | Financial Services |
| Visa Inc. (V) | $23.99B | Financial Services |
| Morgan Stanley (MS) | $21.95B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $21.85B | Financial Services |
| Mastercard Incorporated (MA) | $19.40B | Financial Services |
Frequently asked questions
What is American Financial Group's operating income?
- Latest reported operating income for American Financial Group (AFG) is $1.07B (period ending December 31, 2025).
How has American Financial Group operating income changed year-over-year?
- American Financial Group (AFG) operating income changed -4.5% year-over-year on the latest annual filing.
What is the long-term growth rate of American Financial Group operating income?
- American Financial Group (AFG) operating income compound annual growth rate is +25.9% over the most recent 5 years available.
When did American Financial Group operating income hit its highest annual value?
- American Financial Group operating income reached its highest annual value of $2.88B in 1996.
What was American Financial Group operating income in 2024?
- American Financial Group (AFG) operating income in 2024 was $1.12B.
What was American Financial Group operating income in 2025?
- American Financial Group (AFG) operating income in 2025 was $1.07B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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