American financial group, inc. (AFG)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Operating Activities:
Net earnings (loss), including noncontrolling interests

-304,000

191,000

143,000

209,000

326,000

-35,000

203,000

208,000

141,000

166,000

11,000

145,000

155,000

388,000

113,000

63,000

104,000

130,000

66,000

149,000

25,000

125,000

91,000

83,000

107,000

165,000

98,000

77,000

113,000

19,000

211,000

84,000

88,000

127,000

108,000

30,000

54,000

112,000

126,000

100,000

88,000

Adjustments:
Depreciation and amortization

113,000

64,000

123,000

38,000

34,000

47,000

57,000

35,000

71,000

2,000

36,000

31,000

38,000

43,000

38,000

25,000

28,000

16,000

34,000

53,000

31,000

49,000

38,000

30,000

27,000

32,000

32,000

43,000

35,000

139,000

35,000

37,000

46,000

49,000

40,000

42,000

49,000

61,000

44,000

50,000

47,000

Annuity benefits

276,000

251,000

250,000

339,000

311,000

334,000

222,000

260,000

182,000

257,000

215,000

224,000

196,000

160,000

189,000

223,000

228,000

189,000

208,000

151,000

184,000

157,000

157,000

166,000

168,000

137,000

140,000

120,000

134,000

124,000

140,000

147,000

130,000

127,000

142,000

125,000

116,000

104,000

114,000

118,000

108,000

Realized (gains) losses on investing activities

-550,000

65,000

-18,000

57,000

184,000

-237,000

36,000

29,000

-93,000

5,000

-10,000

11,000

17,000

55,000

3,000

18,000

-15,000

-10,000

-9,000

52,000

-133,000

10,000

16,000

13,000

19,000

68,000

57,000

47,000

58,000

68,000

242,000

13,000

44,000

51,000

7,000

19,000

-3,000

35,000

42,000

11,000

4,000

Net sales of trading securities

8,000

-3,000

-2,000

-1,000

1,000

-5,000

33,000

22,000

61,000

12,000

-26,000

28,000

3,000

6,000

-12,000

14,000

71,000

19,000

-4,000

-1,000

-4,000

-70,000

-6,000

-39,000

6,000

-18,000

-4,000

14,000

10,000

-10,000

22,000

18,000

-13,000

-1,000

-50,000

11,000

-5,000

-9,000

7,000

6,000

-15,000

Deferred annuity and life policy acquisition costs

49,000

43,000

43,000

56,000

64,000

71,000

65,000

70,000

57,000

48,000

44,000

66,000

67,000

58,000

48,000

56,000

68,000

60,000

74,000

46,000

44,000

54,000

42,000

52,000

50,000

74,000

65,000

49,000

34,000

389,000

-48,000

-69,000

-60,000

-52,000

-68,000

-68,000

-51,000

-38,000

-60,000

-52,000

-45,000

Change in:
Reinsurance and other receivables

-161,000

-218,000

415,000

43,000

-128,000

-657,000

940,000

173,000

-245,000

2,430,000

-1,176,000

-354,000

63,000

1,287,000

-1,014,000

-155,000

197,000

458,000

-782,000

-169,000

483,000

260,000

-742,000

-176,000

459,000

464,000

-947,000

-148,000

807,000

-1,882,000

1,599,000

323,000

-535,000

-291,000

675,000

290,000

-446,000

-299,000

315,000

-1,000

-570,000

Other assets

-410,000

125,000

-17,000

27,000

271,000

-353,000

241,000

42,000

-26,000

-72,000

51,000

-50,000

58,000

274,000

107,000

88,000

-2,000

81,000

-151,000

110,000

-27,000

49,000

-16,000

49,000

5,000

41,000

67,000

16,000

25,000

57,000

44,000

-80,000

30,000

2,000

112,000

2,000

-15,000

14,000

-3,000

-1,000

-9,000

Insurance claims and reserves

-152,000

228,000

567,000

20,000

-112,000

-82,000

775,000

16,000

-284,000

-51,000

1,097,000

218,000

57,000

-263,000

675,000

147,000

-26,000

-40,000

555,000

178,000

-242,000

82,000

494,000

237,000

-226,000

-193,000

610,000

-20,000

-597,000

-357,000

1,442,000

206,000

-373,000

-213,000

359,000

190,000

-202,000

-218,000

134,000

-41,000

-288,000

Payable to reinsurers

-35,000

-53,000

112,000

25,000

-22,000

-180,000

211,000

60,000

-82,000

-163,000

225,000

60,000

-13,000

-201,000

247,000

87,000

-90,000

-133,000

213,000

17,000

-151,000

-28,000

228,000

42,000

-108,000

-75,000

234,000

117,000

-225,000

-181,000

260,000

104,000

-183,000

-176,000

349,000

74,000

-92,000

-126,000

161,000

-79,000

-106,000

Other liabilities

-543,000

99,000

88,000

25,000

304,000

-486,000

291,000

71,000

-16,000

-18,000

32,000

-77,000

45,000

35,000

218,000

-3,000

15,000

57,000

-98,000

94,000

-41,000

29,000

-55,000

23,000

-60,000

119,000

116,000

-40,000

85,000

-124,000

123,000

-176,000

-3,000

92,000

41,000

53,000

59,000

-97,000

129,000

-71,000

43,000

Managed investment entities’ assets/liabilities

-89,000

-25,000

-1,000

19,000

-16,000

-44,000

34,000

-107,000

-31,000

-46,000

-86,000

-415,000

487,000

44,000

36,000

144,000

55,000

137,000

-54,000

82,000

25,000

-46,000

-1,000

-54,000

99,000

75,000

-92,000

-78,000

193,000

34,000

-53,000

126,000

-86,000

-190,000

-10,000

0

-12,000

-

-

-

-

Other operating activities, net

8,000

-22,000

-45,000

-30,000

-13,000

-7,000

-22,000

-33,000

-20,000

37,000

4,000

-13,000

9,000

10,000

-10,000

-7,000

-13,000

18,000

-1,000

-3,000

21,000

20,000

11,000

-11,000

4,000

-1,000

10,000

8,000

7,000

-4,000

14,000

-5,000

3,000

5,000

10,000

-1,000

9,000

-45,000

19,000

46,000

-14,000

Net cash provided by operating activities

532,000

765,000

814,000

423,000

454,000

806,000

454,000

432,000

391,000

811,000

419,000

650,000

-76,000

404,000

250,000

88,000

408,000

446,000

331,000

179,000

397,000

557,000

175,000

295,000

204,000

372,000

192,000

137,000

59,000

330,000

261,000

216,000

10,000

6,000

127,000

145,000

389,000

83,000

320,000

68,000

393,000

Investing Activities:
Purchases of fixed maturities

4,140,000

2,727,000

1,772,000

1,960,000

1,801,000

3,483,000

2,151,000

2,085,000

2,464,000

2,322,000

1,776,000

2,508,000

2,879,000

1,933,000

1,828,000

1,651,000

2,125,000

1,806,000

1,667,000

2,123,000

1,605,000

1,488,000

1,932,000

2,071,000

1,355,000

1,787,000

1,894,000

1,639,000

1,370,000

1,218,000

1,264,000

1,025,000

951,000

1,259,000

1,760,000

1,258,000

1,044,000

1,242,000

1,384,000

1,041,000

1,312,000

Purchases of equity securities

232,000

81,000

81,000

45,000

35,000

226,000

94,000

36,000

212,000

109,000

29,000

22,000

22,000

64,000

42,000

27,000

74,000

121,000

297,000

73,000

79,000

115,000

82,000

137,000

137,000

127,000

60,000

203,000

71,000

50,000

37,000

135,000

59,000

32,000

261,000

70,000

34,000

40,000

159,000

18,000

6,000

Purchases of mortgage loans

21,000

261,000

138,000

5,000

38,000

55,000

22,000

90,000

0

105,000

3,000

123,000

23,000

31,000

55,000

124,000

131,000

108,000

43,000

31,000

31,000

95,000

175,000

67,000

113,000

174,000

27,000

73,000

0

91,000

81,000

58,000

39,000

58,000

41,000

0

91,000

16,000

6,000

101,000

36,000

Purchases of equity index call options and other investments

245,000

333,000

191,000

247,000

220,000

278,000

249,000

251,000

195,000

237,000

234,000

179,000

181,000

248,000

186,000

165,000

139,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of real estate, property and equipment

9,000

11,000

13,000

10,000

10,000

20,000

16,000

21,000

23,000

63,000

16,000

19,000

11,000

12,000

11,000

8,000

18,000

37,000

33,000

13,000

19,000

13,000

14,000

6,000

14,000

9,000

5,000

10,000

28,000

10,000

9,000

8,000

44,000

4,000

25,000

37,000

20,000

12,000

8,000

16,000

38,000

Payments to Acquire Businesses, Gross

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

259,000

8,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturities and redemptions of fixed maturities

1,220,000

1,156,000

1,064,000

1,315,000

1,032,000

1,432,000

1,233,000

1,321,000

962,000

1,415,000

1,405,000

1,774,000

1,511,000

1,602,000

1,038,000

1,233,000

840,000

907,000

738,000

952,000

736,000

736,000

643,000

827,000

782,000

880,000

900,000

781,000

675,000

645,000

624,000

479,000

514,000

519,000

349,000

516,000

590,000

607,000

504,000

462,000

508,000

Proceeds from repayments of mortgage loans

4,000

108,000

38,000

9,000

29,000

114,000

19,000

25,000

43,000

24,000

81,000

98,000

12,000

65,000

34,000

62,000

101,000

34,000

104,000

68,000

59,000

42,000

33,000

35,000

6,000

5,000

15,000

59,000

23,000

36,000

4,000

4,000

2,000

42,000

3,000

214,000

10,000

36,000

8,000

22,000

5,000

Proceeds from sales of fixed maturities

1,483,000

358,000

110,000

258,000

201,000

226,000

72,000

98,000

105,000

213,000

29,000

112,000

38,000

145,000

123,000

148,000

225,000

86,000

4,000

199,000

32,000

25,000

79,000

32,000

151,000

18,000

118,000

48,000

91,000

137,000

256,000

108,000

131,000

428,000

491,000

83,000

291,000

325,000

283,000

435,000

497,000

Proceeds from sales of equity securities

80,000

230,000

84,000

44,000

95,000

97,000

44,000

74,000

32,000

119,000

47,000

36,000

14,000

155,000

54,000

84,000

55,000

171,000

44,000

70,000

79,000

58,000

32,000

14,000

51,000

156,000

136,000

84,000

58,000

202,000

128,000

42,000

65,000

110,000

47,000

35,000

6,000

39,000

2,000

7,000

1,000

Proceeds from sales and settlements of equity index call options and other investments

248,000

285,000

157,000

250,000

79,000

195,000

242,000

238,000

208,000

224,000

205,000

186,000

174,000

181,000

125,000

9,000

4,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of real estate, property and equipment

1,000

1,000

1,000

1,000

1,000

0

2,000

1,000

0

1,000

1,000

29,000

24,000

10,000

2,000

38,000

5,000

21,000

4,000

69,000

23,000

3,000

8,000

2,000

1,000

-

-

-

-

-

-

-

-

-

-

-

-

1,000

2,000

0

1,000

Managed investment entities:
Purchases of investments

414,000

336,000

365,000

306,000

391,000

443,000

413,000

655,000

606,000

649,000

550,000

870,000

910,000

849,000

536,000

630,000

239,000

363,000

359,000

550,000

258,000

617,000

425,000

406,000

244,000

365,000

232,000

389,000

440,000

603,000

321,000

359,000

566,000

478,000

404,000

329,000

352,000

391,000

223,000

253,000

141,000

Proceeds from sales and redemptions of investments

370,000

328,000

379,000

329,000

373,000

463,000

450,000

557,000

478,000

431,000

605,000

680,000

1,058,000

509,000

610,000

481,000

290,000

170,000

246,000

290,000

149,000

264,000

340,000

371,000

442,000

389,000

300,000

637,000

578,000

428,000

323,000

332,000

774,000

221,000

416,000

354,000

400,000

360,000

217,000

231,000

210,000

Other investing activities, net

-2,000

4,000

-1,000

1,000

-1,000

-26,000

7,000

5,000

-16,000

4,000

1,000

-6,000

-1,000

-8,000

30,000

-2,000

63,000

-90,000

42,000

4,000

54,000

50,000

-28,000

-43,000

-12,000

17,000

-28,000

17,000

-14,000

-13,000

3,000

23,000

10,000

0

8,000

-7,000

13,000

-2,000

-130,000

132,000

-8,000

Net cash used in investing activities

-1,653,000

-1,287,000

-726,000

-368,000

-684,000

-1,975,000

-890,000

-829,000

-1,656,000

-1,062,000

-236,000

-800,000

-1,194,000

-462,000

-702,000

-548,000

-1,269,000

-1,158,000

-1,301,000

-1,146,000

-968,000

-1,193,000

-1,465,000

-544,000

-426,000

-1,002,000

-721,000

-722,000

-470,000

-487,000

-112,000

-643,000

-183,000

-508,000

-1,190,000

-484,000

-257,000

-331,000

-667,000

-404,000

-303,000

Financing Activities:
Annuity receipts

1,410,000

1,139,000

1,077,000

1,349,000

1,395,000

1,707,000

1,378,000

1,399,000

1,148,000

909,000

876,000

1,266,000

1,290,000

1,111,000

941,000

1,098,000

1,435,000

1,152,000

1,321,000

1,199,000

813,000

971,000

809,000

949,000

967,000

1,381,000

1,167,000

1,061,000

624,000

562,000

721,000

907,000

803,000

858,000

890,000

906,000

672,000

621,000

716,000

558,000

387,000

Annuity surrenders, benefits and withdrawals

813,000

856,000

834,000

886,000

782,000

815,000

729,000

725,000

647,000

680,000

564,000

594,000

567,000

549,000

608,000

615,000

503,000

538,000

550,000

494,000

443,000

484,000

462,000

432,000

395,000

431,000

408,000

377,000

372,000

377,000

431,000

348,000

348,000

350,000

335,000

325,000

311,000

307,000

297,000

306,000

311,000

Net transfers from variable annuity assets

15,000

15,000

17,000

15,000

13,000

12,000

14,000

10,000

11,000

11,000

13,000

13,000

17,000

13,000

12,000

8,000

9,000

11,000

12,000

10,000

10,000

7,000

20,000

10,000

6,000

7,000

13,000

9,000

3,000

5,000

22,000

1,000

8,000

-

-

-

-

-

-

-

-

Additional long-term borrowings

0

194,000

0

0

121,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reductions of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

36,000

1,000

3,000

42,000

317,000

3,000

3,000

3,000

3,000

11,000

3,000

-

-

-

-

Issuances of managed investment entities’ liabilities

-

-

-

-

-

411,000

0

797,000

775,000

805,000

949,000

440,000

537,000

1,265,000

0

997,000

31,000

333,000

54,000

536,000

103,000

862,000

338,000

155,000

45,000

445,000

95,000

419,000

233,000

325,000

97,000

0

359,000

-

-

-

-

-

-

-

-

Retirements of managed investment entities’ liabilities

41,000

374,000

3,000

2,000

3,000

472,000

2,000

777,000

684,000

587,000

1,163,000

623,000

212,000

853,000

65,000

671,000

11,000

-56,000

0

188,000

4,000

523,000

274,000

164,000

133,000

364,000

236,000

709,000

251,000

126,000

71,000

144,000

489,000

6,000

52,000

4,000

4,000

3,000

3,000

11,000

28,000

Issuances of Common Stock

10,000

7,000

10,000

12,000

7,000

7,000

5,000

7,000

14,000

7,000

3,000

12,000

15,000

1,000

14,000

7,000

13,000

14,000

13,000

15,000

19,000

12,000

11,000

13,000

11,000

9,000

14,000

10,000

21,000

19,000

5,000

8,000

14,000

20,000

3,000

5,000

11,000

5,000

16,000

4,000

7,000

Repurchases of Common Stock

61,000

-

-

-

0

-

-

-

-

-

-

-

-

9,000

26,000

22,000

76,000

13,000

35,000

47,000

31,000

64,000

83,000

20,000

24,000

0

0

67,000

3,000

100,000

162,000

97,000

56,000

52,000

85,000

94,000

84,000

91,000

50,000

76,000

75,000

Cash dividends paid on Common Stock

40,000

203,000

36,000

169,000

36,000

169,000

31,000

163,000

31,000

205,000

27,000

158,000

27,000

113,000

24,000

24,000

24,000

111,000

21,000

22,000

22,000

108,000

20,000

20,000

19,000

108,000

18,000

17,000

17,000

40,000

17,000

16,000

17,000

17,000

16,000

18,000

16,000

17,000

15,000

16,000

15,000

Proceeds from (Payments for) Other Financing Activities

-

-

-

-

-

-

-

-

-

3,000

-3,000

-4,000

0

-7,000

-3,000

-1,000

-2,000

-1,000

-1,000

-1,000

-5,000

-3,000

0

-1,000

1,000

-1,000

-2,000

-1,000

0

-

-

-

-

-48,000

23,000

8,000

3,000

-6,000

11,000

0

-5,000

Net cash provided by financing activities

480,000

143,000

231,000

319,000

715,000

675,000

635,000

548,000

586,000

240,000

-41,000

467,000

1,053,000

526,000

543,000

777,000

872,000

1,038,000

648,000

971,000

440,000

669,000

484,000

489,000

459,000

938,000

589,000

327,000

235,000

236,000

-46,000

528,000

271,000

835,000

425,000

469,000

268,000

207,000

476,000

177,000

-40,000

Net Change in Cash and Cash Equivalents

-641,000

-

-

-

485,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Change in Cash and Cash Equivalents

-

-

-

-

-

-494,000

199,000

151,000

-679,000

-11,000

142,000

317,000

-217,000

468,000

91,000

317,000

11,000

326,000

-322,000

4,000

-131,000

33,000

-806,000

240,000

237,000

308,000

60,000

-258,000

-176,000

79,000

103,000

101,000

98,000

333,000

-638,000

130,000

400,000

-41,000

129,000

-159,000

50,000