American Financial Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	798	887	852	898	1,995	732
Depreciation & Amortization	85	81	78	100	187	299
Gain (Loss) on Sale of Assets	-2	-	2	-6	-1,021	-388
Gain (Loss) on Sale of Investments	-7	-	36	116	-110	75
Reinsurance Recoverable	-571	-769	-794	-644	-350	-533
Change in Insurance Reserves / Liabilities	1,002	1,225	1,318	1,105	912	812
Change in Other Net Operating Assets	154	-223	358	-390	130	92
Other Operating Activities	7	-54	-31	-141	-142	1,081
Operating Cash Flow	1,423	1,152	1,970	1,153	1,714	2,183
Operating Cash Flow Growth	15.32%	-41.52%	70.86%	-32.73%	-21.48%	-11.12%
Cash Acquisitions	-13	-9	-208	-10	-2,181	-428
Investment in Securities	530	609	813	-686	-1,911	-886
Other Investing Activities	-273	-252	-156	-145	225	90
Investing Cash Flow	-92	95	414	-1,051	-436	-1,564
Long-Term Debt Issued	-	-	-	-	-	634
Total Debt Repaid	-	-	-21	-477	-	-150
Net Debt Issued (Repaid)	344	-	-21	-477	-	484
Issuance of Common Stock	13	17	15	16	66	22
Repurchases of Common Stock	-98	-	-213	-11	-319	-313
Common Dividends Paid	-267	-243	-218	-193	-164	-161
Other Financing Activities	-300	-295	-1,128	324	227	282
Financing Cash Flow	-811	-1,066	-2,031	-1,361	-1,957	-123
Net Cash Flow	520	181	353	-1,259	-679	496
Cash Interest Paid	74	74	74	89	92	83
Cash Income Tax Paid	201	201	201	242	212	179
Levered Free Cash Flow	259.88	170.25	141.88	498.5	4,319	-4,720
Unlevered Free Cash Flow	314.88	232.75	205.63	551.63	4,378	-4,665
Change in Working Capital	542	238	1,033	186	805	384

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.