Company / Operating Margin
American Financial Group Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
13.1%
FY2025
5-year range
13.1% / 20.4%
FY2021-FY2025
Trend
-2.7%
vs FY2024
Sector context
#63 of 103
Financials
What the data says
At 13.1%, American Financial Group's operating margin ranks #63 of 103 in the Financials sector. Operating Margin has declined for 4 consecutive years, from 20.4% in FY2021 to 13.1% in FY2025.
Based on SEC 10-K filings.
13.1% in FY2025 with a 5-year CAGR of +7.3%.
Declined from 13.7% to 13.1% over the past 2 years.
Financials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -2.8pp
- 5-Year Change
- +7.3pp
- 10-Year Change
- -
Sector benchmark
#63 of 103 in FinancialsTop 61% of 103This company 13.1% Sector average -48.0%
▼
+127.4% above sector average
Key checks
Key Insights
- American Financial Group's operating margin has declined for 4 consecutive years.
- In FY2025, operating margin decreased 2.7% year-over-year.
- Currently 61.1pp above the Financials sector average.
- Peak operating margin was recorded in FY2021.
Company context
Key Data Points
- Altman Z-Score 0.51 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 13.1% | -2.7% |
| FY2024 | 13.5% | -1.5% |
| FY2023 | 13.7% | -14.0% |
| FY2022 | 16.0% | -21.7% |
| FY2021 | 20.4% | +246.6% |
| FY2020 | 5.9% | -42.4% |
| FY2019 | 10.2% | +14.1% |
| FY2018 | 8.9% | -15.3% |
| FY2017 | 10.5% | -12.9% |
| FY2016 | 12.1% | +31.8% |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026