American Financial Group (AFG) FY2024 results: revenue $8.3 billion, up 6.3% on the year
American Financial Group Inc. (AFG) reported revenue of $8.3 billion for fiscal 2024, the year ended 31 December 2024, up 6.3% on the year before. Net income was $887 million, up 4.1%, and diluted earnings per share $10.57. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$8.3 billion
+6.3% on the year
FY2017FY2024
Operating margin
13.5%
13.7% a year earlier
FY2017FY2024
Net income
$887 million
+4.1% on the year
FY2017FY2024
Diluted EPS
$10.57
+5.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,152
1,970
1,153
-41.5%
Cash from investing
95.0
414
-1,051
-77.1%
Cash from financing
-1,066
-2,031
-1,361
Depreciation and amortisation
81.0
78.0
100
+3.8%
Share-based compensation
18.0
18.0
19.0
0.0%
Buybacks
0.0
213
11.0
Dividends paid
788
684
1,213
+15.2%
Dividend per share
$9.43
$8.10
$14.31
+16.4%
Diluted shares, weighted
84m
85m
85m
-1.1%
Shares outstanding at period end
84m
84m
85m
+0.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
4,466
4,258
4,052
+4.9%
Debt
1,475
1,475
1,496
0.0%
Other liabilities
24,895
24,054
23,283
+3.5%
Total liabilities and equity
30,836
29,787
28,831
+3.5%
Goodwill
305
305
246
0.0%
Intangible assets
203
213
108
-4.7%
Securities held for sale or to maturity
10,398
10,377
10,095
+0.2%
Cash and equivalents
1,406
1,225
872
+14.8%
Other assets
18,524
17,667
17,510
+4.9%
Total assets
30,836
29,787
28,831
+3.5%
10-K for the year ended 31 December 2024, filed 25 February 2025: the filing.