AMERICAN FINANCIAL GROUP, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $842.0M | $887.0M | $852.0M | $898.0M | $2.00B | $732.0M | $897.0M | $530.0M |
| Depreciation & Amortization | $86.0M | $81.0M | $78.0M | $100.0M | $187.0M | $299.0M | $259.0M | $210.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $20.0M | $20.0M | $15.0M | $11.0M | $6.0M | $12.0M | $11.0M | $9.0M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $1.53B | $1.15B | $1.97B | $1.15B | $1.71B | $2.18B | $2.46B | $2.08B |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | $7.0M | $9.0M | $234.0M | $10.0M | $123.0M | $3.0M | $0 | $36.0M |
| Net Cash from Investing Activities | $-835.0M | $95.0M | $414.0M | $-1.05B | $-436.0M | $-1.56B | $-3.07B | $-5.35B |
| Financing Activities | ||||||||
| Dividends Paid | $606.0M | $788.0M | $684.0M | $1.21B | $2.37B | $334.0M | $444.0M | $394.0M |
| Stock Repurchases | $99.0M | $0 | $213.0M | $11.0M | $319.0M | $313.0M | $0 | $6.0M |
| Net Cash from Financing Activities | $-377.0M | $-1.07B | $-2.03B | $-1.36B | $-1.96B | $-123.0M | $1.41B | $2.44B |
| Net Change in Cash | $321.0M | $181.0M | $353.0M | $-1.26B | $-679.0M | $496.0M | $799.0M | $-823.0M |
| Free Cash Flow | — | — | — | — | — | — | — | — |