American Financial Group Inc (AFG) stock
Close on Oct 30, 2026Market cap $12.77BP/E 13.4Yield 4.73%
Earnings
American Financial's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Quarterly results
Revenue and earnings per share from each of American Financial's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q3 FY2026ended Sep 30, 2026 | Nov 4, 2026Expected | – | – | – | – | – |
| Q2 FY2026ended Jun 30, 2026 | Aug 5, 2026before the open | $2.03B | +5.5% | $2.99 | $2.82 | Release |
| Q1 FY2026ended Mar 31, 2026 | Apr 30, 2026before the open | $1.85B | -0.1% | $2.29 | $2.47 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 4, 2026before the open | $2.06B | -4.0% | $3.58 | $3.65 | Release |
| Q3 FY2025ended Sep 30, 2025 | Nov 5, 2025before the open | $2.33B | -1.6% | $2.58 | $2.69 | Release |
| Q2 FY2025ended Jun 30, 2025 | Aug 6, 2025before the open | $1.92B | +1.3% | – | – | Release |
| Q1 FY2025ended Mar 31, 2025 | May 7, 2025before the open | $1.86B | -2.6% | $1.84 | $1.81 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 5, 2025before the open | $2.15B | +3.2% | – | – | Release |
| Q3 FY2024ended Sep 30, 2024 | Nov 6, 2024before the open | $2.37B | +9.5% | $2.16 | – | Release |
| Q2 FY2024ended Jun 30, 2024 | Aug 7, 2024before the open | $1.90B | +3.3% | $2.49 | $2.56 | Release |
| Q1 FY2024ended Mar 31, 2024 | May 2, 2024before the open | $1.91B | +9.5% | $2.89 | $2.76 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 7, 2024before the open | $2.08B | +8.0% | $3.13 | $2.84 | Release |
| Q3 FY2023ended Sep 30, 2023 | Nov 2, 2023before the open | $2.16B | +9.1% | $2.09 | $2.45 | Release |
| Q2 FY2023ended Jun 30, 2023 | Aug 3, 2023before the open | $1.84B | +19.6% | $2.34 | $2.38 | Release |
| Q1 FY2023ended Mar 31, 2023 | May 3, 2023before the open | $1.74B | +9.6% | $2.49 | $2.89 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 2, 2023before the open | $1.93B | +9.7% | $3.24 | $2.99 | Release |
| Q3 FY2022ended Sep 30, 2022 | Nov 3, 2022before the open | $1.98B | +13.1% | $1.93 | $2.24 | Release |
| Q2 FY2022ended Jun 30, 2022 | Aug 4, 2022before the open | $1.54B | – | $1.96 | $2.85 | Release |
| Q1 FY2022ended Mar 31, 2022 | May 5, 2022before the open | $1.59B | – | $3.40 | $3.56 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 10, 2022before the open | $1.76B | – | $4.18 | $4.12 | Release |
| Q3 FY2021ended Sep 30, 2021 | Nov 3, 2021before the open | $1.75B | – | $2.56 | $2.71 | Release |
| Q2 FY2021ended Jun 30, 2021 | Aug 4, 2021before the open | – | – | – | – | Release |
| Q1 FY2021ended Mar 31, 2021 | May 5, 2021before the open | – | – | – | – | Release |
| Q4 FY2020ended Dec 31, 2020 | Feb 4, 2021before the open | – | – | – | – | Release |
| Q3 FY2020ended Sep 30, 2020 | Oct 29, 2020before the open | – | – | – | – | Release |
| Q2 FY2020ended Jun 30, 2020 | Aug 5, 2020before the open | – | – | – | – | Release |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
American Financial's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| pretax core operating gain on salenon-GAAP | Q3 FY2026 | $125.00M | – | New | Aug 5, 2026 |
| core operating earnings per sharenon-GAAP | FY2026 | $11.00 | – | New | Feb 4, 2026 |
| calendar year combined ratio | FY2026 | 92.5% | – | New | Feb 4, 2026 |
| core operating return on equity excluding AOCInon-GAAP | FY2026 | 18% | – | New | Feb 4, 2026 |
| growth in net written premiums | FY2026 | +3% – +5% | – | New | Feb 4, 2026 |
| reinvestment rate | FY2026 | 5.25% | – | Lowered | Feb 4, 2026 |
| return on our $2.8 billion portfolio of alternative investments | FY2026 | 8% | – | Raised | Feb 4, 2026 |
Guidance history
Every forecast American Financial put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Aug 5, 2026 | pretax core operating gain on sale | Q3 FY2026 | $125.00M | New |
| Feb 4, 2026 | core operating earnings per share | FY2026 | $11.00 | New |
| Feb 4, 2026 | return on our $2.8 billion portfolio of alternative investments | FY2026 | 8% | Raised |
| Feb 4, 2026 | reinvestment rate | FY2026 | 5.25% | Lowered |
| Feb 4, 2026 | calendar year combined ratio | FY2026 | 92.5% | New |
| Feb 4, 2026 | growth in net written premiums | FY2026 | +3% – +5% | New |
| Feb 4, 2026 | core operating return on equity excluding AOCI | FY2026 | 18% | New |
| May 7, 2025 | after-tax core operating gain per share on sale | Q3 FY2025 | $1.20 | New |
| Aug 7, 2024 | growth in net written premiums | FY2024 | +7% | Lowered |
| Feb 7, 2024 | core operating earnings per share | FY2024 | $11.00 | New |
| Feb 7, 2024 | core operating return on equity excluding AOCI | FY2024 | 20% | New |
| Feb 7, 2024 | growth in net written premiums | FY2024 | +8% | New |
| Nov 2, 2023 | core net operating earnings | FY2023 | $10.15 – $11.15 | Reaffirmed |
| Nov 2, 2023 | net written premiums | FY2023 | +6% – +8% | Raised |
| Nov 2, 2023 | overall calendar year combined ratio | FY2023 | 90% – 92% | Raised |
| Aug 3, 2023 | core net operating earnings | FY2023 | $10.15 – $11.15 | Lowered |
| Aug 3, 2023 | core return on equity | FY2023 | 20% | New |
| Aug 3, 2023 | net written premiums | FY2023 | +5% – +8% | Raised |
| Aug 3, 2023 | return on alternative investments | FY2023 | 9% | Lowered |
| Aug 3, 2023 | overall 2023 calendar year combined ratio | FY2023 | 89% – 91% | Raised |
| May 3, 2023 | core net operating earnings per share | FY2023 | $11.00 – $12.00 | Reaffirmed |
| May 3, 2023 | net written premium growth | FY2023 | +3% – +6% | Raised |
| May 3, 2023 | overall calendar year combined ratio | FY2023 | 87% – 89% | Raised |
| Feb 2, 2023 | core net operating earnings per share | FY2023 | $11.00 – $12.00 | New |
| Feb 2, 2023 | net written premiums | FY2023 | +3% – +5% | New |
| Feb 2, 2023 | overall calendar year combined ratio | FY2023 | 86% – 88% | New |
| Nov 3, 2022 | core net operating earnings | FY2022 | $11.00 – $11.75 | Raised |
| Nov 3, 2022 | net written premiums | FY2022 | +10% – +12% | Narrowed |
| Nov 3, 2022 | overall 2022 calendar year combined ratio | FY2022 | 86% – 87% | Raised |
| Aug 4, 2022 | core net operating earnings | FY2022 | $10.75 – $11.75 | Raised |
| Aug 4, 2022 | net written premiums | FY2022 | +9% – +13% | Raised |
| Aug 4, 2022 | combined ratio | FY2022 | 85% – 87% | Reaffirmed |
| May 5, 2022 | core net operating earnings per share | FY2022 | $10.50 – $11.50 | Raised |
| May 5, 2022 | net written premiums | FY2022 | +8% – +12% | Reaffirmed |
| May 5, 2022 | overall calendar year combined ratio | FY2022 | 85% – 87% | Reaffirmed |
| Feb 10, 2022 | core net operating earnings | FY2022 | $9.75 – $10.75 | New |
| Feb 10, 2022 | overall calendar year combined ratio | FY2022 | 85% – 87% | New |
| Feb 10, 2022 | net written premiums | FY2022 | +8% – +12% | New |
| Nov 3, 2021 | core net operating earnings | FY2021 | $10.10 – $10.70 | New |
| Nov 3, 2021 | net written premiums | FY2021 | +11% – +14% | New |
| Nov 3, 2021 | overall calendar year combined ratio | FY2021 | 86% – 88% | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases American Financial filed with the SEC as exhibits to Form 8-K or 6-K
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