American Financial Group, Inc. (AFG)
NYSE: AFG · Real-Time Price · USD
141.24
-1.07 (-0.75%)
Sep 21, 2026, 4:00 PM EDT - Market closed
American Financial Group Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 953 | 879 | 842 | 798 | 764 | 799 | 887 | 895 | 891 | 882 | 852 | 865 | 853 | 820 | 898 | 977 | 1,031 | 1,866 | 1,995 | 2,332 |
Depreciation & Amortization | 91 | 89 | 86 | 85 | 86 | 83 | 81 | 78 | 78 | 78 | 78 | 82 | 86 | 94 | 100 | 105 | 107 | 114 | 187 | 211 |
Gain (Loss) on Sale of Assets | -27 | -28 | -22 | -2 | -1 | 1 | - | -67 | 4 | 2 | 2 | -73 | -5 | -6 | -6 | 123 | -115 | -1,021 | -1,021 | -1,531 |
Gain (Loss) on Sale of Investments | 17 | 31 | 10 | -7 | 7 | 11 | - | 26 | -24 | -23 | 36 | 116 | 56 | 146 | 116 | -7 | 118 | -18 | -110 | -225 |
Reinsurance Recoverable | -1,008 | -749 | -628 | -571 | -836 | -349 | -769 | -1,465 | -328 | -1,027 | -794 | -613 | -536 | -521 | -644 | -1,193 | -665 | -586 | -350 | -923 |
Change in Insurance Reserves / Liabilities | 1,278 | 1,144 | 1,066 | 1,002 | 1,437 | 980 | 1,225 | 1,638 | 812 | 1,504 | 1,318 | 1,036 | 1,013 | 1,004 | 1,105 | 1,445 | 1,046 | 984 | 912 | 1,314 |
Change in Other Net Operating Assets | 255 | 257 | 176 | 154 | 253 | -63 | -223 | -48 | -108 | 90 | 358 | -56 | -291 | -422 | -390 | -132 | -266 | 220 | 130 | 341 |
Other Operating Activities | 27 | 6 | - | 7 | -20 | -25 | -54 | -45 | 8 | 1 | -31 | -65 | -86 | -63 | -141 | -206 | -252 | -207 | -142 | 204 |
Operating Cash Flow | 1,566 | 1,665 | 1,533 | 1,423 | 1,666 | 1,387 | 1,152 | 1,234 | 1,471 | 1,674 | 1,970 | 1,324 | 1,157 | 1,053 | 1,153 | 1,332 | 1,258 | 1,590 | 1,714 | 1,912 |
Operating Cash Flow Growth (YoY) | -6.00% | 20.04% | 33.07% | 15.32% | 13.26% | -17.14% | -41.52% | -6.80% | 27.14% | 58.97% | 70.86% | -0.60% | -8.03% | -33.77% | -32.73% | -30.34% | -39.11% | -30.20% | -21.48% | -22.31% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Cash Acquisitions | -4 | -4 | -4 | -13 | -9 | -9 | -9 | - | -208 | -208 | -208 | -208 | -10 | -10 | -10 | -2,191 | -2,181 | -2,181 | -2,181 | -428 |
Investment in Securities | -1,153 | -1,022 | -321 | 530 | 701 | 769 | 609 | 490 | 638 | 702 | 813 | 713 | -162 | 47 | -686 | -973 | -1,152 | -1,673 | -1,911 | -2,004 |
Other Investing Activities | -177 | -189 | -217 | -273 | -281 | -291 | -252 | -190 | -176 | -134 | -156 | -17 | -7 | -1 | -145 | -158 | -104 | 65 | 225 | 387 |
Investing Cash Flow | -1,476 | -1,471 | -835 | -92 | 160 | 273 | 95 | 71 | 40 | 186 | 414 | 470 | -182 | 133 | -1,051 | -1,395 | -1,598 | -609 | -436 | -895 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Long-Term Debt Issued | - | - | 344 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Debt Issued | 344 | 344 | 344 | 344 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1 |
Total Debt Repaid | - | - | - | - | - | - | - | - | - | -5 | -21 | -62 | -65 | -443 | -477 | -436 | -433 | -50 | - | -150 |
Net Debt Issued (Repaid) | 344 | 344 | 344 | 344 | - | - | - | - | - | -5 | -21 | -62 | -65 | -443 | -477 | -436 | -433 | -50 | - | -151 |
Issuance of Common Stock | 10 | 11 | 12 | 13 | 14 | 14 | 17 | 17 | 17 | 17 | 15 | 15 | 15 | 15 | 16 | 18 | 23 | 51 | 66 | 67 |
Repurchases of Common Stock | -88 | -101 | -99 | -98 | -97 | -58 | - | -60 | -146 | -189 | -213 | -154 | -73 | -30 | -11 | -11 | -18 | -132 | -319 | -398 |
Common Dividends Paid | -284 | -279 | -272 | -267 | -259 | -250 | -243 | -237 | -231 | - | -218 | - | - | -447.05 | -193 | -3,121 | -2,027 | -2,298 | -164 | -164 |
Other Financing Activities | 390 | 200 | -28 | -300 | -834 | -674 | -295 | -590 | -684 | -830 | -1,128 | 195 | 530 | 338 | 324 | 334 | 415 | 99 | 227 | 285 |
Financing Cash Flow | 80 | -117 | -377 | -811 | -1,679 | -1,471 | -1,066 | -1,204 | -1,378 | -1,630 | -2,031 | -1,367 | -954 | -1,510 | -1,361 | -1,976 | -2,058 | -2,127 | -1,957 | -1,931 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Cash Flow | 170 | 77 | 321 | 520 | 147 | 189 | 181 | 101 | 133 | 230 | 353 | 427 | 21 | -324 | -1,259 | -2,039 | -2,398 | -1,146 | -679 | -914 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Levered Free Cash Flow | 142.25 | 299.88 | 304.63 | 259.88 | 87.13 | 402.38 | 170.25 | -38.38 | 592.88 | 23.88 | 143.13 | 219.25 | 552.13 | 439.5 | 498.5 | 262.25 | 763.88 | 4,152 | 4,319 | -889.38 |
Unlevered Free Cash Flow | 203.5 | 356.75 | 360.25 | 311.75 | 140.88 | 464.88 | 232.75 | 26 | 657.88 | 87.63 | 206.88 | 279.25 | 607.75 | 490.13 | 551.63 | 317.25 | 822 | 4,210 | 4,378 | -830 |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Cash Interest Paid | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 89 | 89 | 89 | 89 | 92 | 92 | 92 | 92 | 83 |
Cash Income Tax Paid | 168 | 168 | 168 | 201 | 201 | 201 | 201 | 201 | 201 | 201 | 201 | 242 | 242 | 242 | 242 | 212 | 212 | 212 | 212 | 179 |
Change in Working Capital | 505 | 688 | 617 | 542 | 830 | 518 | 238 | 347 | 514 | 734 | 1,033 | 399 | 253 | 62 | 186 | 340 | 257 | 775 | 805 | 921 |