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American Financial Group AFG Tax Credit Carryforward Valuation Allowance

Tax Credit Carryforward Valuation Allowance at other companies

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$122M-11.6%

Other financials

Income statement

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Revenue$1.9B-0.1%
Operating income$239.0M+21.3%
Net income$191.0M+24.0%
EPS (diluted)$2.29+24.5%

Balance sheet

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Cash & equivalents$1.4B+6.0%
Total debt$2.0B+19.3%
Total equity$4.7B+6.5%
Total assets$32.4B+6.8%

Cash flow

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Operating cash flow$474.0M+38.6%

Valuation

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Market cap$11.04B-3.6%
Enterprise value$11.72B-1.2%
P/E12.6×-1.8×
P/S1.4×0.0×

Profitability

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Operating margin13.6%+1.4pp
Net margin10.8%+1.1pp

Returns & leverage

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Return on equity19.4%+0.9pp
Debt / equity0.4×0.0×

Where this comes from

Reported directly by American Financial Group in its filing.

Tagged under the XBRL concept us-gaap:DeferredTaxAssetsValuationAllowance.

The official record: American Financial Group’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Financial Group's tax credit carryforward valuation allowance?
American Financial Group (AFG) reported tax credit carryforward valuation allowance of $12M in Q4 2025.
How has American Financial Group's tax credit carryforward valuation allowance changed year-over-year?
American Financial Group's tax credit carryforward valuation allowance increased by 9.1% year-over-year, from $11M to $12M.
What is the long-term trend for American Financial Group's tax credit carryforward valuation allowance?
Over 5 years (2020 to 2025), American Financial Group's tax credit carryforward valuation allowance has grown at a -16.2% compound annual growth rate (CAGR), from $29M to $12M.
What does tax credit carryforward valuation allowance mean?
A reduction in the value of tax credits because the company may not earn enough profit to use them.
How do you interpret tax credit carryforward valuation allowance?
An increase in the allowance signals management's reduced confidence in utilizing tax credits, potentially indicating weaker future earnings expectations.
How does tax credit carryforward valuation allowance compare across companies?
Standard accounting practice; peers with similar tax profiles will have comparable valuation allowance disclosures.