American Financial (AFG) Gross Margin (2023 - 2026)
American Financial's Gross Margin was 50.74% in Q2 2026, up 3.08 percentage points from 47.66% a year earlier but down 0.39 percentage points from the prior quarter.
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Analysis
American Financial (AFG) Gross Margin (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, American Financial's Gross Margin was 47.79% through Jun 30, 2026, up 3.02 percentage points year-over-year; for FY2025, it came in at 46.32%, down 0.10 percentage points from FY2024.
- Gross Margin shows a three-year change of -2.13 percentage points (FY2022 to FY2025).
- In earlier years, Gross Margin was 46.42% in FY2024 (-2.05 pp), 48.47% in FY2023 (+0.02 pp) and 48.45% in FY2022.
- Quarterly Gross Margin has moved between 39.64% (Q3 2024) and 52.87% (Q1 2023) over five years.
- Compared with a year earlier, Gross Margin has increased for four straight quarters, with an average year-over-year change of -0.24 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q4 2025 (a gain of 3.53 percentage points); the worst was Q1 2025 (a drop of 4.14 percentage points).
- Per Business Quant data, AFG's Gross Margin in the three quarters before Q2 2026 was 51.13% (Q1 2026), 48.57% (Q4 2025) and 41.87% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,083.69 Bn | -333.79 Bn | 55.86 Bn | 54.87% |
| 2 | Chubb | 127.81 Bn | 79.86 Bn | 9.13 Bn | 57.69% |
| 3 | Progressive | 121.79 Bn | 97.63 Bn | 9.04 Bn | 38.28% |
| 4 | Marsh & Mclennan Companies | 80.80 Bn | 72.54 Bn | - | - |
| 5 | Travelers Companies | 75.76 Bn | 52.01 Bn | 6.23 Bn | 51.27% |
| 6 | Manulife Financial | 74.06 Bn | 75.27 Bn | - | - |
| 7 | Metlife | 61.12 Bn | -45.36 Bn | 7.82 Bn | 40.82% |
| 8 | Arthur J. Gallagher | 58.82 Bn | 53.25 Bn | - | - |
| 9 | Allstate | 57.81 Bn | 19.06 Bn | 8.73 Bn | 46.97% |
| 10 | American Financial | 11.45 Bn | 1.98 Bn | 1.03 Bn | 50.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 50.74% |
| Mar 31, 2026 | 51.13% |
| Dec 31, 2025 | 48.57% |
| Sep 30, 2025 | 41.87% |
| Jun 30, 2025 | 47.66% |
| Mar 31, 2025 | 48.01% |
| Dec 31, 2024 | 45.04% |
| Sep 30, 2024 | 39.64% |
| Jun 30, 2024 | 50.68% |
| Mar 31, 2024 | 52.15% |
| Dec 31, 2023 | 48.68% |
| Sep 30, 2023 | 42.74% |
| Jun 30, 2023 | 50.82% |
| Mar 31, 2023 | 52.87% |
API Access
American Financial Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=AFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "AFG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=AFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();