American Financial (AFG) Operating Margin (2009 - 2026)
American Financial's (AFG) quarterly Operating Margin came in at 14.85% in Q1 2026, up 553.0% YoY from 2.27% in Q1 2025, and up 138.15% on a QoQ basis from 6.24% in Q4 2025.
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American Financial (AFG) Operating Margin (2009 - 2026) Analysis & Trends
American Financial (AFG) has 18 years of Operating Margin data on file, last reported at 14.85% in Q1 2026.
- Quarterly Operating Margin rose 553.0% year-over-year to 14.85% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 10.09% (down 681.0% YoY) and the FY2025 annual result came in at 9.11%, down 686.0% from the prior year.
- Operating Margin improved to 14.85% in Q1 2026, from 6.24% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 62.49% in Q4 2024 to a low of 6.24% in Q4 2025.
- A 5-year average of 17.62% and a median of 11.9% in 2025 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin surged 4704 bps — and 2025, when it slumped 5625 bps.
- Tracing AFG's Operating Margin over 5 years: stood at 58.93% in 2022, then tumbled by 66 bps to 20.2% in 2023, then soared by 209 bps to 62.49% in 2024, then plunged by 90 bps to 6.24% in 2025, then soared by 138 bps to 14.85% in 2026.
- The last three Operating Margin figures came in at 14.85% (Q1 2026), 6.24% (Q4 2025), and 10.18% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 131.15 Bn | 117.38 Bn | 9.13 Bn | 11.13% |
| 2 | Progressive | 128.80 Bn | 123.80 Bn | 9.04 Bn | -43.89% |
| 3 | Travelers Companies | 76.99 Bn | 53.24 Bn | 6.23 Bn | 8.80% |
| 4 | Allstate | 66.35 Bn | 27.62 Bn | 16.28 Bn | 5.43% |
| 5 | Fairfax Financial Holdings | 35.82 Bn | 35.82 Bn | - | - |
| 6 | Cincinnati Financial | 26.40 Bn | 24.51 Bn | 2.39 Bn | 7.46% |
| 7 | Markel | 22.75 Bn | 5.86 Bn | 2.83 Bn | 38.83% |
| 8 | Loews | 22.37 Bn | 67.62 Mn | 2.57 Bn | 16.08% |
| 9 | Assurant | 14.04 Bn | 12.01 Bn | 2.71 Bn | 4.12% |
| 10 | American Financial | 11.82 Bn | -6.03 Bn | 1.03 Bn | 15.57% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.57% |
| Mar 31, 2026 | 12.89% |
| Dec 31, 2025 | 18.37% |
| Sep 30, 2025 | 11.50% |
| Jun 30, 2025 | 11.90% |
| Mar 31, 2025 | 10.61% |
| Dec 31, 2024 | 14.89% |
| Sep 30, 2024 | 9.67% |
| Jun 30, 2024 | 14.26% |
| Mar 31, 2024 | 15.95% |
| Dec 31, 2023 | 16.08% |
| Sep 30, 2023 | 10.12% |
| Jun 30, 2023 | 13.86% |
| Mar 31, 2023 | 15.17% |
| Dec 31, 2022 | 17.94% |
| Sep 30, 2022 | 10.58% |
| Jun 30, 2022 | 13.39% |
| Mar 31, 2022 | 22.73% |
| Dec 31, 2021 | 25.31% |
| Sep 30, 2021 | 15.22% |