American Financial (AFG) Operating Margin (2009 - 2026)
American Financial (AFG) reported Operating Margin of 15.57% for Q2 2026, up 3.66 percentage points from 11.90% a year earlier and up 2.68 percentage points from the prior quarter.
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Analysis
American Financial (AFG) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, American Financial's Operating Margin came in at 14.52%, up 2.77 percentage points year-over-year; for FY2025, it was 13.13%, down 0.38 percentage points from FY2024.
- Operating Margin has declined for four consecutive years, though with a five-year change of +7.25 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 13.50% in FY2024 (-0.21 pp), 13.71% in FY2023 (-2.24 pp), 15.95% in FY2022 (-4.42 pp) and 20.38% in FY2021 (+14.50 pp).
- Five-year quarterly Operating Margin spans a low of 9.67% in Q3 2024 and a high of 25.31% in Q4 2021.
- Year over year, Operating Margin has now increased in each of the last four quarters, with an average year-over-year change of +0.24 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was Q3 2021 (a gain of 12.65 percentage points); the low point was Q1 2023 (a drop of 7.56 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 12.89% (Q1 2026), 18.37% (Q4 2025) and 11.50% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,083.69 Bn | -333.79 Bn | 55.86 Bn | -29.67% |
| 2 | Chubb | 127.81 Bn | 79.86 Bn | 9.13 Bn | -19.39% |
| 3 | Progressive | 121.79 Bn | 97.63 Bn | 9.04 Bn | -43.89% |
| 4 | Marsh & Mclennan Companies | 80.80 Bn | 72.54 Bn | - | 25.65% |
| 5 | Travelers Companies | 75.76 Bn | 52.01 Bn | 6.23 Bn | -25.96% |
| 6 | Manulife Financial | 74.06 Bn | 75.27 Bn | - | - |
| 7 | Metlife | 61.12 Bn | -45.36 Bn | 7.82 Bn | -53.77% |
| 8 | Arthur J. Gallagher | 58.82 Bn | 53.25 Bn | - | - |
| 9 | Allstate | 57.81 Bn | 19.06 Bn | 8.73 Bn | -30.76% |
| 10 | American Financial | 11.45 Bn | 1.98 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% |
API Access
American Financial Operating 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=operating-margin&ticker=AFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=AFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();