AMERICAN FINANCIAL GROUP, INC.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $248.0M | $191.0M | $299.0M | $215.0M | $174.0M | $154.0M | $255.0M | $181.0M |
| Depreciation & Amortization | $24.0M | $25.0M | $22.0M | $20.0M | $22.0M | $22.0M | $21.0M | $21.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $5.0M | $5.0M | $5.0M | $5.0M | $5.0M | $5.0M | $6.0M | $5.0M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $92.0M | $474.0M | $784.0M | $216.0M | $191.0M | $342.0M | $674.0M | $459.0M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $31.0M | $-613.0M | $-764.0M | $-130.0M | $36.0M | $23.0M | $-21.0M | $122.0M |
| Financing Activities | ||||||||
| Dividends Paid | $73.0M | $198.0M | $239.0M | $66.0M | $68.0M | $233.0M | $403.0M | $58.0M |
| Stock Repurchases | $26.0M | $60.0M | $1.0M | $1.0M | $39.0M | $58.0M | $0 | $0 |
| Net Cash from Financing Activities | $-38.0M | $-235.0M | $-135.0M | $488.0M | $-235.0M | $-495.0M | $-569.0M | $-380.0M |
| Net Change in Cash | $85.0M | $-374.0M | $-115.0M | $574.0M | $-8.0M | $-130.0M | $84.0M | $201.0M |
| Free Cash Flow | — | — | — | — | — | — | — | — |