Filing Flows › American Financial Group (AFG) › Q2 2026
American Financial Group (AFG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
American Financial Group (AFG) reported revenue of $2.0B for the second quarter 2026 (Q2 2026), +6% from a year earlier and +9% from the quarter before. Operating margin was 15.6%, net earnings $248M (12.2% of revenue).
American Financial Group, Q2 2026: revenue $2.0B (+6% year over year), operating margin 15.6%, net earnings $248M, operating cash flow $92.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +9% | +6% |
| Operating profit | $316M | +32% | +38% |
| Net earnings | $248M | +30% | +43% |
| Operating cash flow | $92.0M | -81% | -52% |
What changed
Revenue was $2.0B in Q2 2026, up 6% year over year and up 9% from the previous quarter.
Operating profit was $0.32B, a 15.6% margin (up 3.7 points year over year). Of the extra revenue versus Q2 2025, 82% reached operating profit, above the 12% margin then. Total costs grew 1% against revenue growth of 6%. Net earnings were $0.25B, up 43% year over year. The effective tax rate was 21.5%.
Operating cash flow was $0.09B (down 52% year over year), 37% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization. Working capital and other items used $0.18B.
Questions
What was American Financial Group's revenue in the second quarter 2026?
American Financial Group (AFG) reported revenue of $2.0B for the second quarter 2026 (Q2 2026), +6% from a year earlier and +9% from the quarter before.
Was American Financial Group profitable in the second quarter 2026?
Operating profit was $316M (15.6% of revenue) and net earnings $248M.