Filing Flows › American Financial Group (AFG) › How it makes money
How American Financial Group (AFG) makes money
American Financial Group (AFG) made $2.6B of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Of every dollar of revenue, 14¢ was left as operating profit, 11¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $2.6B | 100.0% |
| Operating profit | $359M | 13.9% |
| Income tax | $77.0M | 3.0% |
| Net earnings | $282M | 10.9% |
| Operating cash flow | $405M | 15.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $2.6B | +11% |
| Q2 2026 | $2.0B | +6% |
| Q1 2026 | $1.9B | -0.1% |
| Q4 2025 | $2.1B | -4% |
| Q3 2025 | $2.3B | -2% |
| Q2 2025 | $1.9B | +1% |
| Q1 2025 | $1.9B | -3% |
From American Financial Group's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does American Financial Group make money?
American Financial Group (AFG) made $2.6B of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Of every dollar of revenue, 14¢ was left as operating profit, 11¢ was left as net earnings.
What is American Financial Group's profit margin?
Net earnings were $282M, 10.9% of revenue, in the third quarter 2026; the operating margin was 13.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.