Filing Flows › American Financial Group (AFG) › Q1 2026
American Financial Group (AFG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
American Financial Group (AFG) reported revenue of $1.9B for the first quarter 2026 (Q1 2026), -0.1% from a year earlier and -10% from the quarter before. Operating margin was 12.9%, net earnings $191M (10.3% of revenue).
American Financial Group, Q1 2026: revenue $1.9B (-0.1% year over year), operating margin 12.9%, net earnings $191M, operating cash flow $474M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | -10% | -0.1% |
| Operating profit | $239M | -37% | +21% |
| Net earnings | $191M | -36% | +24% |
| Operating cash flow | $474M | -40% | +39% |
What changed
Revenue was $1.9B in Q1 2026, roughly flat year over year and down 10% from the previous quarter.
Operating profit was $0.24B, a 12.9% margin (up 2.3 points year over year). Total costs fell 3% while revenue was flat. Net earnings were $0.19B, up 24% year over year. The effective tax rate was 20.1%.
Operating cash flow was $0.47B (up 39% year over year), 248% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization. Working capital and other items added $0.26B.
Questions
What was American Financial Group's revenue in the first quarter 2026?
American Financial Group (AFG) reported revenue of $1.9B for the first quarter 2026 (Q1 2026), -0.1% from a year earlier and -10% from the quarter before.
Was American Financial Group profitable in the first quarter 2026?
Operating profit was $239M (12.9% of revenue) and net earnings $191M.