TTM
13.7%
YoY change
−0.45pp
Trough year (1983)
2.0%
Peak year (1991)
96.1%
Latest annual
13.1%
Operating Margin history chart for American Financial Group (AFG) from 1983 to 2025
Latest: 13.1%
Operating Margin change chart for American Financial Group (AFG) from 1983 to 2025
Latest: −0.45pp
Operating Margin history table for American Financial Group (AFG) from 1983 to 2025
| 2025 | 13.1% | -0.45pp | ||
| 2024 | 13.6% | -0.31pp | ||
| 2023 | 13.9% | -2.70pp | ||
| 2022 | 16.6% | -4.84pp | ||
| 2021 | 21.4% | +15.45pp | ||
| 2020 | 6.0% | -4.39pp | ||
| 2019 | 10.4% | +1.22pp | ||
| 2018 | 9.1% | -1.40pp | ||
| 2017 | 10.5% | -1.57pp | ||
| 2016 | 12.1% | +2.92pp | ||
| 2015 | 9.2% | -1.72pp | ||
| 2014 | 10.9% | -2.58pp | ||
| 2013 | 13.5% | +2.67pp | ||
| 2012 | 10.8% | -1.18pp | ||
| 2011 | 12.0% | -3.41pp | ||
| 2010 | 15.4% | -3.36pp | ||
| 2009 | 18.8% | +11.44pp | ||
| 2008 | 7.4% | -7.23pp | ||
| 2007 | 14.6% | -1.75pp | ||
| 2006 | 16.3% | +8.13pp | ||
| 2005 | 8.2% | -6.91pp | ||
| 2004 | 15.1% | +6.22pp | ||
| 2003 | 8.9% | +4.30pp | ||
| 2002 | 4.6% | +2.42pp | ||
| 2001 | 2.2% | -0.69pp | ||
| 2000 | 2.9% | -6.11pp | ||
| 1999 | 9.0% | +2.25pp | ||
| 1998 | 6.7% | -62.68pp | ||
| 1997 | 69.4% | -0.60pp | ||
| 1996 | 70.0% | -0.10pp | ||
| 1995 | 70.1% | -4.17pp | ||
| 1994 | 74.3% | +0.19pp | ||
| 1993 | 74.1% | -9.66pp | ||
| 1992 | 83.8% | -12.39pp | ||
| 1991 | 96.1% | +5.58pp | ||
| 1990 | 90.6% | +0.48pp | ||
| 1989 | 90.1% | -1.57pp | ||
| 1988 | 91.7% | +7.23pp | ||
| 1987 | 84.4% | -2.28pp | ||
| 1986 | 86.7% | -0.06pp | ||
| 1985 | 86.8% | +76.89pp | ||
| 1984 | 9.9% | +7.84pp | ||
| 1983 | 2.0% | — |
- 202513.1%-0.45pp
- 202413.6%-0.31pp
- 202313.9%-2.70pp
- 202216.6%-4.84pp
- 202121.4%+15.45pp
- 20206.0%-4.39pp
- 201910.4%+1.22pp
- 20189.1%-1.40pp
- 201710.5%-1.57pp
- 201612.1%+2.92pp
- 20159.2%-1.72pp
- 201410.9%-2.58pp
- 201313.5%+2.67pp
- 201210.8%-1.18pp
- 201112.0%-3.41pp
- 201015.4%-3.36pp
- 200918.8%+11.44pp
- 20087.4%-7.23pp
- 200714.6%-1.75pp
- 200616.3%+8.13pp
- 20058.2%-6.91pp
- 200415.1%+6.22pp
- 20038.9%+4.30pp
- 20024.6%+2.42pp
- 20012.2%-0.69pp
- 20002.9%-6.11pp
- 19999.0%+2.25pp
- 19986.7%-62.68pp
- 199769.4%-0.60pp
- 199670.0%-0.10pp
- 199570.1%-4.17pp
- 199474.3%+0.19pp
- 199374.1%-9.66pp
- 199283.8%-12.39pp
- 199196.1%+5.58pp
- 199090.6%+0.48pp
- 198990.1%-1.57pp
- 198891.7%+7.23pp
- 198784.4%-2.28pp
- 198686.7%-0.06pp
- 198586.8%+76.89pp
- 19849.9%+7.84pp
- 19832.0%—
Operating Margin values are taken from American Financial Group's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at American Financial Group (AFG)
According to American Financial Group's latest reported financial statements, the company's latest reported operating margin is 13.7%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, American Financial Group (AFG) reported operating margin of 13.13% – contracted 0.5 percentage points year-over-year.
Across the available history, operating margin reached its high of 96.14% in 1991 and its low of 2.03% in 1983.
American Financial Group Operating Margin by Year
American Financial Group Operating Margin 2025: 13.1%
2025's operating margin for American Financial Group came in at 13.13%, contracted 0.5 percentage points from 2024.
American Financial Group Operating Margin 2024: 13.6%
American Financial Group posted operating margin of 13.58% in 2024, contracted 0.3 percentage points from 2023.
American Financial Group Operating Margin 2023: 13.9%
In 2023, American Financial Group reported operating margin of 13.88%, contracted 2.7 percentage points from 2022.
American Financial Group Operating Margin 2022: 16.6%
American Financial Group operating margin in 2022 was 16.58%, contracted 4.8 percentage points from 2021.
American Financial Group Operating Margin 2021: 21.4%
American Financial Group operating margin in 2021 was 21.43%.
See more financial history for American Financial Group (AFG).
Sector peers by Operating Margin
Financial Services peers of American Financial Group (AFG), ranked by their latest operating margin
| 61.1% | |
| 59.4% | |
| 26.2% | |
| 22.9% | |
| 20.5% | |
| 20.5% | |
| 19.5% | |
| 16.1% |
- 61.1%
- 59.4%
- 26.2%
- 20.5%
- 20.5%
- 19.5%
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American Financial Group (AFG) Key Financials
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