American Financial Group Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-	887	852	898	1,995
Depreciation & Amortization	-	81	78	100	187
Gain (Loss) on Sale of Assets	-	-	2	-6	-1,021
Gain (Loss) on Sale of Investments	-	-	36	116	-110
Reinsurance Recoverable	-	-769	-794	-644	-350
Change in Insurance Reserves / Liabilities	-	1,225	1,318	1,105	912
Change in Other Net Operating Assets	-	-223	358	-390	130
Other Operating Activities	-	-54	-31	-141	-142
Operating Cash Flow	-	1,152	1,970	1,153	1,714
Operating Cash Flow Growth	-	-41.52%	70.86%	-32.73%	-21.48%
Cash Acquisitions	-	-9	-208	-10	-2,181
Investment in Securities	-	609	813	-686	-1,911
Other Investing Activities	-	-252	-156	-145	225
Investing Cash Flow	-	95	414	-1,051	-436
Total Debt Repaid	-	-	-21	-477	-
Net Debt Issued (Repaid)	-	-	-21	-477	-
Issuance of Common Stock	-	17	15	16	66
Repurchases of Common Stock	-	-	-213	-11	-319
Common Dividends Paid	-	-243	-218	-193	-164
Other Financing Activities	-	-295	-1,128	324	227
Financing Cash Flow	-	-1,066	-2,031	-1,361	-1,957
Net Cash Flow	-	181	353	-1,259	-679
Cash Interest Paid	-	74	74	89	92
Cash Income Tax Paid	-	201	201	242	212
Levered Free Cash Flow	-	170.25	141.88	498.5	4,319
Unlevered Free Cash Flow	-	232.75	205.63	551.63	4,378
Change in Working Capital	-	238	1,033	186	805

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

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