American Financial Group, Inc. (AFG) Financial Statements (2024 and earlier)

Company Profile

Business Address GREAT AMERICAN INSURANCE GROUP TOWER
CINCINNATI, OH 45202
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9143,2014,5394,3643,4342,748
Cash and cash equivalents8722,1312,8102,3141,5152,338
Short-term investments1,0421,0701,7292,0501,919410
Total current assets:1,9143,2014,5394,3643,4342,748
Noncurrent Assets
Operating lease, right-of-use asset103118139158
Long-term investments and receivables1,7001,5171,8811,6881,374999
Long-term investments1,7001,5171,8811,6881,374999
Intangible assets, net (including goodwill)354352241250261225
Goodwill246246207207207199
Intangible assets, net (excluding goodwill)10810634435426
Total noncurrent assets:2,1571,9872,2612,0961,6351,224
Other undisclosed assets24,76023,74366,76663,67058,38756,686
TOTAL ASSETS:28,83128,93173,56670,13063,45660,658
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    310445285
Total current liabilities:    310445285
Noncurrent Liabilities
Other undisclosed liabilities24,77923,91966,77763,55158,03955,039
Total liabilities:24,77923,91966,77763,86158,48455,324
Temporary equity, carrying amount      3
Equity
Equity, attributable to parent4,0525,0126,7896,2694,9705,330
Common stock858586908988
Additional paid in capital1,3681,3301,2811,3071,2451,181
Accumulated other comprehensive income (loss)(543)1191,27386348813
Retained earnings3,1423,4784,1494,0093,5883,248
Equity, attributable to noncontrolling interest     21
Total equity:4,0525,0126,7896,2694,9725,331
TOTAL LIABILITIES AND EQUITY:28,83128,93173,56670,13063,45660,658

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues7,0406,5527,9098,2377,1506,865
Net investment income7177302,1322,3032,0941,831
Financial services revenue4,579
Cost of revenue
(Deferred Policy Acquisition Costs, Amortization Expense)
 (641)(580)    
Other undisclosed gross profit      
Gross profit:6,3995,9727,9098,2377,1506,865
Operating expenses(1,973)(264)(430)(405)(353)(422)
Other undisclosed operating loss(3,303)(4,373)(6,631)(6,724)(6,158)(5,719)
Operating income:1,1231,3358481,108639724
Interest and debt expense(85)(94)(88)(68)(62)(85)
Other undisclosed income from continuing operations before equity method investments, income taxes   88686285
Income from continuing operations before income taxes:1,0381,2418481,108639724
Income tax expense(225)(254)(127)(239)(122)(247)
Other undisclosed income from continuing operations8594    
Income from continuing operations:8981,081721869517477
Income before gain (loss) on sale of properties:1,995721869517477
Income from discontinued operations  914    
Net income:8981,995721869517477
Net income (loss) attributable to noncontrolling interest   112813(2)
Other undisclosed net loss attributable to parent      
Net income available to common stockholders, diluted:8981,995732897530475

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:8981,995721869517477
Other comprehensive income (loss)(662)(1,154)416815(544)296
Comprehensive income (loss):2368411,1371,684(27)773
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   92813(2)
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:2368411,1461,712(14)771

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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