American Financial Group, Inc. (AFG) Financial Statements (2023 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)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,201 | 4,539 | 4,364 | 3,434 | 2,748 | 2,522 | 1,640 | ||
| Cash and cash equivalents | 2,131 | 2,810 | 2,314 | 1,515 | 2,338 | 2,107 | 1,220 | ||
| Short-term investments | 1,070 | 1,729 | 2,050 | 1,919 | 410 | 415 | 420 | ||
| Total current assets: | 3,201 | 4,539 | 4,364 | 3,434 | 2,748 | 2,522 | 1,640 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 118 | 139 | 158 | ✕ | ✕ | ✕ | ✕ | ||
| Long-term investments and receivables | 1,517 | 1,881 | 1,688 | 1,374 | 999 | ||||
| Long-term investments | 1,517 | 1,881 | 1,688 | 1,374 | 999 | ||||
| Intangible assets, net (including goodwill) | 352 | 241 | 250 | 261 | 225 | 233 | 240 | ||
| Goodwill | 246 | 207 | 207 | 207 | 199 | 199 | 199 | ||
| Intangible assets, net (excluding goodwill) | 106 | 34 | 43 | 54 | 26 | 34 | 41 | ||
| Total noncurrent assets: | 1,987 | 2,261 | 2,096 | 1,635 | 1,224 | 233 | 240 | ||
| Other undisclosed assets | 23,743 | 66,766 | 63,670 | 58,387 | 56,686 | 52,317 | 47,979 | ||
| TOTAL ASSETS: | 28,931 | 73,566 | 70,130 | 63,456 | 60,658 | 55,072 | 49,859 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 310 | 445 | 285 | ||||||
| Total current liabilities: | 310 | 445 | 285 | ||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 23,919 | 66,777 | 63,551 | 58,039 | 55,039 | 50,153 | 45,089 | ||
| Total liabilities: | 23,919 | 66,777 | 63,861 | 58,484 | 55,324 | 50,153 | 45,089 | ||
| Temporary equity, carrying amount | 3 | ||||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 5,012 | 6,789 | 6,269 | 4,970 | 5,330 | 4,916 | 4,592 | ||
| Common stock | 85 | 86 | 90 | 89 | 88 | 87 | 87 | ||
| Additional paid in capital | 1,330 | 1,281 | 1,307 | 1,245 | 1,181 | 1,111 | 1,214 | ||
| Accumulated other comprehensive income | 119 | 1,273 | 863 | 48 | 813 | 375 | 304 | ||
| Retained earnings | 3,478 | 4,149 | 4,009 | 3,588 | 3,248 | 3,343 | 2,987 | ||
| Stockholders' equity attributable to noncontrolling interest | 2 | 1 | 3 | 178 | |||||
| Total stockholders' equity: | 5,012 | 6,789 | 6,269 | 4,972 | 5,331 | 4,919 | 4,770 | ||
| TOTAL LIABILITIES AND EQUITY: | 28,931 | 73,566 | 70,130 | 63,456 | 60,658 | 55,072 | 49,859 | ||
Income Statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,552 | 7,909 | 8,237 | 7,150 | 6,865 | 6,498 | 6,145 | |
| Net investment income | 730 | 2,132 | 2,303 | 2,094 | 1,831 | 1,696 | 1,633 | |
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | 4,579 | 4,328 | 4,224 | |
| Cost of revenue (Deferred Policy Acquisition Costs, Amortization Expense) | (580) | |||||||
| Gross profit: | 5,972 | 7,909 | 8,237 | 7,150 | 6,865 | 6,498 | 6,145 | |
| Operating expenses | (264) | (430) | (405) | (353) | (422) | (353) | (337) | |
| Other undisclosed operating loss | (4,373) | (6,631) | (6,724) | (6,158) | (5,719) | (5,358) | (5,243) | |
| Operating income: | 1,335 | 848 | 1,108 | 639 | 724 | 787 | 565 | |
| Interest and debt expense | (94) | (88) | (68) | (62) | (85) | (77) | (74) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 88 | 68 | 62 | 85 | 77 | 74 | ||
| Income from continuing operations before income taxes: | 1,241 | 848 | 1,108 | 639 | 724 | 787 | 565 | |
| Income tax expense | (254) | (127) | (239) | (122) | (247) | (119) | (195) | |
| Other undisclosed income from continuing operations | 94 | |||||||
| Income from continuing operations: | 1,081 | 721 | 869 | 517 | 477 | 668 | 370 | |
| Income from discontinued operations | 914 | |||||||
| Net income: | 1,995 | 721 | 869 | 517 | 477 | 668 | 370 | |
| Net income (loss) attributable to noncontrolling interest | 11 | 28 | 13 | (2) | (19) | (18) | ||
| Net income available to common stockholders, diluted: | 1,995 | 732 | 897 | 530 | 475 | 649 | 352 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,995 | 721 | 869 | 517 | 477 | 668 | 370 | |
| Other comprehensive income (loss) | (1,154) | 416 | 815 | (544) | 296 | 67 | (431) | |
| Comprehensive income (loss): | 841 | 1,137 | 1,684 | (27) | 773 | 735 | (61) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 9 | 28 | 13 | (2) | (24) | (10) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 841 | 1,146 | 1,712 | (14) | 771 | 711 | (71) | |
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.