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 investments3,2014,5394,3643,4342,7482,5221,640
Cash and cash equivalents2,1312,8102,3141,5152,3382,1071,220
Short-term investments1,0701,7292,0501,919410415420
Total current assets:3,2014,5394,3643,4342,7482,5221,640
Noncurrent Assets
Operating lease, right-of-use asset118139158
Long-term investments and receivables1,5171,8811,6881,374999  
Long-term investments1,5171,8811,6881,374999  
Intangible assets, net (including goodwill)352241250261225233240
Goodwill246207207207199199199
Intangible assets, net (excluding goodwill)106344354263441
Total noncurrent assets:1,9872,2612,0961,6351,224233240
Other undisclosed assets23,74366,76663,67058,38756,68652,31747,979
TOTAL ASSETS:28,93173,56670,13063,45660,65855,07249,859
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  310445285  
Total current liabilities:  310445285  
Noncurrent Liabilities
Other undisclosed liabilities23,91966,77763,55158,03955,03950,15345,089
Total liabilities:23,91966,77763,86158,48455,32450,15345,089
Temporary equity, carrying amount    3  
Stockholders' equity
Stockholders' equity attributable to parent5,0126,7896,2694,9705,3304,9164,592
Common stock85869089888787
Additional paid in capital1,3301,2811,3071,2451,1811,1111,214
Accumulated other comprehensive income1191,27386348813375304
Retained earnings3,4784,1494,0093,5883,2483,3432,987
Stockholders' equity attributable to noncontrolling interest   213178
Total stockholders' equity:5,0126,7896,2694,9725,3314,9194,770
TOTAL LIABILITIES AND EQUITY:28,93173,56670,13063,45660,65855,07249,859

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
Revenues6,5527,9098,2377,1506,8656,4986,145
Net investment income7302,1322,3032,0941,8311,6961,633
Financial services revenue4,5794,3284,224
Cost of revenue
(Deferred Policy Acquisition Costs, Amortization Expense)
(580)      
Gross profit:5,9727,9098,2377,1506,8656,4986,145
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:1,3358481,108639724787565
Interest and debt expense(94)(88)(68)(62)(85)(77)(74)
Other undisclosed income from continuing operations before equity method investments, income taxes 886862857774
Income from continuing operations before income taxes:1,2418481,108639724787565
Income tax expense(254)(127)(239)(122)(247)(119)(195)
Other undisclosed income from continuing operations94      
Income from continuing operations:1,081721869517477668370
Income from discontinued operations914      
Net income:1,995721869517477668370
Net income (loss) attributable to noncontrolling interest 112813(2)(19)(18)
Net income available to common stockholders, diluted:1,995732897530475649352

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:1,995721869517477668370
Other comprehensive income (loss)(1,154)416815(544)29667(431)
Comprehensive income (loss):8411,1371,684(27)773735(61)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 92813(2)(24)(10)
Comprehensive income (loss), net of tax, attributable to parent:8411,1461,712(14)771711(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.

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