American Financial (AFG) Operating Expenses (2009 - 2026)
American Financial's (AFG) quarterly Operating Expenses came in at $1.6 billion in Q1 2026, down 2.65% YoY from $1.7 billion in Q1 2025, and down 4.1% on a QoQ basis from $1.7 billion in Q4 2025.
American Financial (AFG) Operating Expenses (2009 - 2026) Analysis & Trends
American Financial (AFG) has 18 years of Operating Expenses data on file, last reported at $1.6 billion in Q1 2026.
- Quarterly Operating Expenses fell 2.65% year-over-year to $1.6 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $7.1 billion (down 2.76% YoY) and the FY2025 annual result came in at $7.1 billion, down 1.38% from the prior year.
- Operating Expenses slipped to $1.6 billion in Q1 2026, from $1.7 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $2.1 billion in Q3 2024 to a low of $1.2 billion in Q1 2022.
- A 5-year average of $1.7 billion and a median of $1.7 billion in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses increased 20.56% — and 2025, when it dropped 7.93%.
- Tracing AFG's Operating Expenses over 5 years: stood at $1.6 billion in 2022, then increased by 10.42% to $1.7 billion in 2023, then grew by 4.63% to $1.8 billion in 2024, then dropped by 7.93% to $1.7 billion in 2025, then decreased by 4.1% to $1.6 billion in 2026.
- The last three Operating Expenses figures came in at $1.6 billion (Q1 2026), $1.7 billion (Q4 2025), and $2.1 billion (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 135.01 Bn | 121.24 Bn | 9.13 Bn | 12.19 Bn |
| 2 | Progressive | 124.83 Bn | 119.83 Bn | 9.04 Bn | 19.40 Bn |
| 3 | Travelers Companies | 79.46 Bn | 55.71 Bn | 4.83 Bn | 9.39 Bn |
| 4 | Allstate | 68.25 Bn | 29.52 Bn | 16.28 Bn | 14.45 Bn |
| 5 | Fairfax Financial Holdings | 35.31 Bn | 35.31 Bn | - | -134.80 Mn |
| 6 | Cincinnati Financial | 26.75 Bn | 24.86 Bn | 2.39 Bn | 2.70 Bn |
| 7 | Loews | 23.29 Bn | 995.49 Mn | 2.57 Bn | 4.12 Bn |
| 8 | Markel | 23.23 Bn | 6.35 Bn | 2.83 Bn | 3.63 Bn |
| 9 | Assurant | 14.11 Bn | 12.08 Bn | 2.71 Bn | 3.08 Bn |
| 10 | American Financial | 12.00 Bn | -5.84 Bn | 1.03 Bn | 1.71 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.71 Bn |
| Mar 31, 2026 | 1.62 Bn |
| Dec 31, 2025 | 1.68 Bn |
| Sep 30, 2025 | 2.06 Bn |
| Jun 30, 2025 | 1.70 Bn |
| Mar 31, 2025 | 1.66 Bn |
| Dec 31, 2024 | 1.83 Bn |
| Sep 30, 2024 | 2.14 Bn |
| Jun 30, 2024 | 1.63 Bn |
| Mar 31, 2024 | 1.60 Bn |
| Dec 31, 2023 | 1.75 Bn |
| Sep 30, 2023 | 1.95 Bn |
| Jun 30, 2023 | 1.59 Bn |
| Mar 31, 2023 | 1.48 Bn |
| Dec 31, 2022 | 1.58 Bn |
| Sep 30, 2022 | 1.77 Bn |
| Jun 30, 2022 | 1.33 Bn |
| Mar 31, 2022 | 1.23 Bn |
| Dec 31, 2021 | 1.31 Bn |
| Sep 30, 2021 | 1.49 Bn |