Filing Flows › American Financial Group (AFG) › Q1 2025
American Financial Group (AFG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
American Financial Group (AFG) reported revenue of $1.9B for the first quarter 2025 (Q1 2025), -3% from a year earlier and -14% from the quarter before. Operating margin was 10.6%, net earnings $154M (8.3% of revenue).
American Financial Group, Q1 2025: revenue $1.9B (-3% year over year), operating margin 10.6%, net earnings $154M, operating cash flow $342M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | -14% | -3% |
| Operating profit | $197M | -38% | -35% |
| Net earnings | $154M | -40% | -36% |
| Operating cash flow | $342M | -49% | +220% |
What changed
Revenue was $1.9B in Q1 2025, down 3% year over year and down 14% from the previous quarter.
Operating profit was $0.20B, a 10.6% margin (down 5.3 points year over year). Total costs grew 4% against a revenue fall of 3%. Net earnings were $0.15B, down 36% year over year. The effective tax rate was 21.8%.
Operating cash flow was $0.34B (up 220% year over year), 222% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization. Working capital and other items added $0.17B.
Questions
What was American Financial Group's revenue in the first quarter 2025?
American Financial Group (AFG) reported revenue of $1.9B for the first quarter 2025 (Q1 2025), -3% from a year earlier and -14% from the quarter before.
Was American Financial Group profitable in the first quarter 2025?
Operating profit was $197M (10.6% of revenue) and net earnings $154M.