American Financial Group, Inc. (AFG) — Working Capital to Net Assets Ratio
American Financial Group, Inc. (AFG) has a Working Capital to Net Assets ratio of -249.3% as of December 2025. Working capital of $-12.02 Billion (current assets of $11.91 Billion minus current liabilities of $23.93 Billion) is measured against net assets of $4.82 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial flexibility index of American Financial Group, Inc. to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
American Financial Group, Inc. Working Capital to Net Assets (1983–2025)
This chart shows how American Financial Group, Inc.'s Working Capital to Net Assets ratio has evolved across 41 annual periods from 1983 to 2025. As of December 2025, the ratio stands at -249.3%, reflecting working capital of $-12.02 Billion against net assets of $4.82 Billion USD. See how many days can American Financial Group, Inc. fund operations to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for American Financial Group, Inc. (1983–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for American Financial Group, Inc. from 1983 to 2025, covering 41 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see AFG market cap overview.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -249.3% | $-12.02 Billion | $4.82 Billion | $11.91 Billion | $23.93 Billion | ▼ -256.7 pp |
| 2024 | 7.3% | $327.00 Million | $4.47 Billion | $2.94 Billion | $2.61 Billion | ▲ +3.4 pp |
| 2023 | 4.0% | $169.00 Million | $4.26 Billion | $2.70 Billion | $2.53 Billion | ▲ +7.8 pp |
| 2022 | -3.8% | $-154.00 Million | $4.05 Billion | $2.21 Billion | $2.37 Billion | ▼ -347.2 pp |
| 2021 | 343.4% | $17.21 Billion | $5.01 Billion | $18.13 Billion | $920.00 Million | ▼ -503.5 pp |
| 2020 | 846.8% | $57.49 Billion | $6.79 Billion | $58.30 Billion | $807.00 Million | ▼ -10.2 pp |
| 2019 | 857.1% | $53.73 Billion | $6.27 Billion | $54.54 Billion | $814.00 Million | ▲ +1107.2 pp |
| 2018 | -250.2% | $-12.44 Billion | $4.97 Billion | $44.75 Billion | $57.18 Billion | ▲ +696.2 pp |
| 2017 | -946.4% | $-50.48 Billion | $5.33 Billion | $3.55 Billion | $54.03 Billion | ▼ -17.1 pp |
| 2016 | -929.3% | $-45.71 Billion | $4.92 Billion | $3.16 Billion | $48.87 Billion | ▼ -50.4 pp |
| 2015 | -878.9% | $-41.92 Billion | $4.77 Billion | $2.32 Billion | $44.25 Billion | ▼ -103.9 pp |
| 2014 | -775.0% | $-39.17 Billion | $5.05 Billion | $2.43 Billion | $41.59 Billion | ▼ -796.5 pp |
| 2013 | 21.5% | $1.03 Billion | $4.77 Billion | $2.38 Billion | $1.35 Billion | ▼ -2.9 pp |
| 2012 | 24.4% | $1.16 Billion | $4.75 Billion | $2.34 Billion | $1.18 Billion | ▲ +6.6 pp |
| 2011 | 17.9% | $814.00 Million | $4.56 Billion | $1.89 Billion | $1.07 Billion | ▲ +6.6 pp |
| 2010 | 11.3% | $522.00 Million | $4.62 Billion | $1.63 Billion | $1.11 Billion | ▼ -90.4 pp |
| 2009 | 101.7% | $3.98 Billion | $3.92 Billion | $5.57 Billion | $1.58 Billion | ▼ -65.9 pp |
| 2008 | 167.6% | $4.36 Billion | $2.60 Billion | $6.20 Billion | $1.84 Billion | ▲ +67.4 pp |
| 2007 | 100.2% | $3.15 Billion | $3.15 Billion | $5.04 Billion | $1.89 Billion | ▼ -19.2 pp |
| 2006 | 119.5% | $3.84 Billion | $3.21 Billion | $5.55 Billion | $1.71 Billion | ▲ +6130.7 pp |
| 2005 | -6011.2% | $-163.42 Billion | $2.72 Billion | $-144.07 Billion | $19.36 Billion | ▲ +117.6 pp |
| 2004 | -6128.8% | $-162.42 Billion | $2.65 Billion | $-143.32 Billion | $19.10 Billion | ▲ +1178.5 pp |
| 2003 | -7307.3% | $-165.42 Billion | $2.26 Billion | $-148.13 Billion | $17.28 Billion | ▼ -6626.9 pp |
| 2002 | -680.4% | $-14.95 Billion | $2.20 Billion | $1.89 Billion | $16.83 Billion | ▲ +13.8 pp |
| 2001 | -694.2% | $-13.56 Billion | $1.95 Billion | $1.46 Billion | $15.02 Billion | ▼ -76.3 pp |
| 2000 | -617.9% | $-12.71 Billion | $2.06 Billion | $1.38 Billion | $14.09 Billion | ▲ +76.9 pp |
| 1999 | -694.8% | $-12.71 Billion | $1.83 Billion | $1.27 Billion | $13.98 Billion | ▼ -144.5 pp |
| 1998 | -550.3% | $-12.31 Billion | $2.24 Billion | $1.22 Billion | $13.54 Billion | ▲ +16.0 pp |
| 1997 | -566.3% | $-12.32 Billion | $2.18 Billion | $1.19 Billion | $13.51 Billion | ▲ +15.6 pp |
| 1996 | -581.9% | $-11.92 Billion | $2.05 Billion | $1.06 Billion | $12.98 Billion | ▲ +67.0 pp |
| 1995 | -648.9% | $-11.38 Billion | $1.75 Billion | $1.25 Billion | $12.63 Billion | ▼ -719.1 pp |
| 1993 | 70.3% | $1.22 Billion | $1.74 Billion | $3.55 Billion | $2.33 Billion | ▲ +8.8 pp |
| 1991 | 61.5% | $920.40 Million | $1.50 Billion | $2.82 Billion | $1.90 Billion | ▼ -71.1 pp |
| 1990 | 132.6% | $2.20 Billion | $1.66 Billion | $2.61 Billion | $403.10 Million | ▲ +69.8 pp |
| 1989 | 62.8% | $1.16 Billion | $1.84 Billion | $2.51 Billion | $1.35 Billion | ▼ -15.6 pp |
| 1988 | 78.4% | $1.39 Billion | $1.77 Billion | $2.02 Billion | $630.00 Million | ▲ +3.4 pp |
| 1987 | 75.0% | $1.24 Billion | $1.66 Billion | $2.03 Billion | $789.00 Million | ▲ +4.8 pp |
| 1986 | 70.2% | $1.47 Billion | $2.09 Billion | $2.16 Billion | $695.00 Million | ▲ +45.3 pp |
| 1985 | 24.9% | $454.20 Million | $1.83 Billion | $1.50 Billion | $1.05 Billion | ▲ +93.4 pp |
| 1984 | -68.5% | $-1.11 Billion | $1.62 Billion | $38.00 Million | $1.15 Billion | ▲ +8.8 pp |
| 1983 | -77.3% | $-1.11 Billion | $1.44 Billion | $318.00 Million | $1.43 Billion | — |