American financial group, inc. (AFGE)
Income statement / 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'10Sep'09Jun'09
Revenues:
Premiums Earned, Net, Property and Casualty

1,209,000

1,370,000

1,442,000

1,200,000

1,173,000

1,270,000

1,327,000

1,161,000

1,107,000

1,225,000

1,267,000

1,065,000

1,022,000

1,144,000

1,159,000

1,027,000

998,000

1,120,000

1,173,000

985,000

946,000

1,061,000

1,132,000

931,000

754,000

859,000

949,000

709,000

687,000

756,000

848,000

640,000

603,000

716,000

835,000

609,000

599,000

663,000

736,000

572,000

579,000

622,000

612,000

Life, accident and health net earned premiums

-

-

6,000

5,000

-

6,000

6,000

6,000

6,000

5,000

6,000

5,000

6,000

6,000

6,000

6,000

6,000

24,000

28,000

27,000

25,000

26,000

27,000

27,000

28,000

27,000

29,000

28,000

30,000

28,000

80,000

105,000

105,000

106,000

107,000

107,000

110,000

111,000

112,000

113,000

115,000

112,000

110,000

Net Investment Income

544,000

593,000

588,000

580,000

542,000

542,000

527,000

530,000

495,000

465,000

471,000

460,000

435,000

429,000

433,000

423,000

411,000

416,000

425,000

404,000

388,000

384,000

377,000

379,000

361,000

350,000

338,000

332,000

326,000

329,000

326,000

329,000

317,000

309,000

310,000

306,000

300,000

306,000

296,000

294,000

295,000

301,000

299,000

Realized gains (losses) on:
Realized gains (losses) on securities

-551,000

65,000

-18,000

56,000

184,000

-238,000

34,000

31,000

-93,000

6,000

-12,000

8,000

3,000

51,000

2,000

-16,000

-18,000

-21,000

-16,000

-1,000

19,000

8,000

13,000

12,000

19,000

67,000

56,000

41,000

57,000

65,000

85,000

16,000

44,000

-

8,000

19,000

-

29,000

57,000

11,000

4,000

9,000

15,000

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,000

-

-4,000

5,000

0

-162,000

0

0

0

0

-

-

-

-

-

156,000

-1,000

-

0

0

0

-3,000

-

-22,000

-

0

-5,000

-

Income (loss) of managed investment entities:
Investment income

59,000

63,000

67,000

70,000

69,000

68,000

65,000

64,000

58,000

55,000

54,000

50,000

51,000

49,000

48,000

48,000

45,000

43,000

40,000

38,000

34,000

32,000

29,000

27,000

28,000

30,000

32,000

32,000

34,000

33,000

31,000

32,000

29,000

27,000

27,000

26,000

25,000

25,000

23,000

23,000

22,000

0

0

Gain (loss) on change in fair value of assets/liabilities

-43,000

-14,000

-14,000

-2,000

0

-11,000

-5,000

-2,000

-3,000

0

1,000

11,000

0

6,000

11,000

11,000

-13,000

-18,000

-11,000

-2,000

-3,000

-9,000

-25,000

-10,000

0

7,000

15,000

-28,000

-8,000

-31,000

-13,000

-21,000

-29,000

21,000

1,000

-22,000

-33,000

-26,000

-4,000

-15,000

-25,000

0

0

Other income

57,000

42,000

52,000

51,000

56,000

53,000

54,000

43,000

49,000

52,000

48,000

47,000

59,000

52,000

46,000

80,000

46,000

58,000

43,000

92,000

50,000

47,000

28,000

26,000

21,000

37,000

24,000

25,000

22,000

22,000

25,000

24,000

18,000

-52,000

47,000

48,000

41,000

39,000

57,000

54,000

44,000

54,000

60,000

Total revenues

1,275,000

2,130,000

2,123,000

1,960,000

2,024,000

1,690,000

2,008,000

1,833,000

1,619,000

1,808,000

1,835,000

1,646,000

1,576,000

1,737,000

1,705,000

1,581,000

1,475,000

1,618,000

1,687,000

1,543,000

1,297,000

1,549,000

1,581,000

1,392,000

1,211,000

1,373,000

1,443,000

1,139,000

1,148,000

1,208,000

1,538,000

1,124,000

1,087,000

1,176,000

1,335,000

1,093,000

1,039,000

1,156,000

1,255,000

1,052,000

1,034,000

1,093,000

1,096,000

Costs and Expenses:
Losses and loss adjustment expenses

707,000

912,000

944,000

723,000

692,000

797,000

872,000

693,000

641,000

716,000

995,000

635,000

609,000

729,000

765,000

687,000

581,000

693,000

825,000

601,000

576,000

679,000

784,000

602,000

429,000

537,000

680,000

430,000

393,000

556,000

610,000

363,000

344,000

441,000

549,000

413,000

341,000

405,000

446,000

302,000

304,000

296,000

278,000

Commissions and other underwriting expenses

420,000

450,000

450,000

426,000

399,000

378,000

424,000

400,000

381,000

345,000

357,000

366,000

339,000

311,000

356,000

348,000

334,000

333,000

336,000

338,000

313,000

303,000

302,000

300,000

267,000

247,000

261,000

260,000

251,000

190,000

254,000

232,000

211,000

187,000

228,000

217,000

203,000

154,000

222,000

207,000

204,000

218,000

226,000

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

112,000

103,000

Life, accident and health benefits

-

-

9,000

8,000

-

8,000

10,000

11,000

11,000

5,000

6,000

6,000

9,000

7,000

8,000

9,000

9,000

35,000

31,000

33,000

32,000

45,000

37,000

39,000

43,000

40,000

42,000

38,000

40,000

118,000

66,000

82,000

90,000

85,000

90,000

89,000

96,000

89,000

90,000

93,000

96,000

86,000

91,000

Annuity and supplemental insurance acquisition expenses

113,000

72,000

120,000

33,000

28,000

58,000

71,000

50,000

82,000

17,000

55,000

48,000

53,000

55,000

54,000

42,000

35,000

23,000

49,000

66,000

41,000

71,000

46,000

41,000

35,000

50,000

40,000

52,000

36,000

144,000

46,000

47,000

45,000

50,000

46,000

49,000

50,000

69,000

47,000

54,000

49,000

38,000

46,000

Interest charges on borrowed money

17,000

18,000

17,000

17,000

16,000

16,000

15,000

16,000

15,000

20,000

21,000

23,000

21,000

21,000

19,000

19,000

18,000

17,000

18,000

20,000

20,000

21,000

18,000

17,000

18,000

17,000

18,000

18,000

18,000

18,000

19,000

19,000

19,000

11,000

21,000

21,000

21,000

21,000

21,000

18,000

18,000

19,000

13,000

Expenses of managed investment entities

48,000

52,000

54,000

59,000

55,000

57,000

52,000

54,000

48,000

44,000

45,000

51,000

41,000

42,000

38,000

36,000

35,000

32,000

28,000

28,000

24,000

22,000

19,000

21,000

20,000

21,000

22,000

24,000

22,000

22,000

19,000

20,000

19,000

18,000

17,000

18,000

18,000

17,000

15,000

14,000

9,000

0

0

Other expenses

82,000

97,000

102,000

96,000

110,000

81,000

98,000

89,000

85,000

137,000

112,000

88,000

85,000

95,000

98,000

81,000

79,000

86,000

93,000

80,000

77,000

61,000

73,000

76,000

70,000

78,000

98,000

71,000

79,000

66,000

99,000

78,000

83,000

17,000

86,000

101,000

92,000

116,000

92,000

88,000

99,000

121,000

133,000

Total costs and expenses

1,663,000

1,871,000

1,946,000

1,701,000

1,611,000

1,729,000

1,764,000

1,573,000

1,445,000

1,541,000

1,806,000

1,441,000

1,353,000

1,420,000

1,527,000

1,445,000

1,319,000

1,408,000

1,588,000

1,317,000

1,267,000

1,359,000

1,436,000

1,262,000

1,050,000

1,127,000

1,301,000

1,013,000

973,000

1,238,000

1,253,000

988,000

941,000

936,000

1,179,000

1,033,000

937,000

975,000

1,047,000

894,000

887,000

890,000

890,000

Earnings (loss) before income taxes

-388,000

259,000

177,000

259,000

413,000

-39,000

244,000

260,000

174,000

267,000

29,000

205,000

223,000

317,000

178,000

136,000

156,000

210,000

99,000

226,000

30,000

190,000

145,000

130,000

161,000

246,000

142,000

126,000

175,000

-30,000

285,000

136,000

146,000

240,000

156,000

60,000

102,000

181,000

208,000

158,000

147,000

203,000

206,000

Provision (credit) for income taxes

-84,000

68,000

34,000

50,000

87,000

-4,000

41,000

52,000

33,000

101,000

18,000

60,000

68,000

-71,000

65,000

73,000

52,000

80,000

33,000

77,000

5,000

65,000

54,000

47,000

54,000

81,000

44,000

49,000

62,000

-49,000

74,000

52,000

58,000

113,000

48,000

30,000

48,000

69,000

82,000

58,000

59,000

72,000

74,000

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-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

131,000

132,000

Less: Net earnings (loss) attributable to noncontrolling interests

-3,000

-20,000

-4,000

-1,000

-3,000

-6,000

-1,000

-2,000

-4,000

0

0

0

2,000

3,000

4,000

9,000

3,000

1,000

3,000

8,000

6,000

-2,000

-25,000

-23,000

4,000

7,000

15,000

-33,000

-7,000

-31,000

-15,000

-15,000

-25,000

18,000

11,000

-18,000

-34,000

-24,000

-6,000

-8,000

-18,000

4,000

5,000

Net Income (Loss) Attributable to Parent

-301,000

211,000

147,000

210,000

329,000

-29,000

204,000

210,000

145,000

166,000

11,000

145,000

153,000

385,000

109,000

54,000

101,000

129,000

63,000

141,000

19,000

127,000

116,000

106,000

103,000

158,000

83,000

110,000

120,000

50,000

226,000

99,000

113,000

109,000

97,000

48,000

88,000

136,000

132,000

108,000

106,000

127,000

127,000

Earnings (Loss) Attributable to Shareholders per Common Share:
Basic (USD per share)

-3.34

2.32

1.64

2.34

3.68

-0.35

2.30

2.36

1.64

1.87

0.13

1.64

1.76

4.43

1.25

0.63

1.16

1.48

0.72

1.60

0.22

1.44

1.30

1.18

1.15

1.76

0.94

1.23

1.34

0.57

2.43

1.02

1.16

1.09

0.97

0.47

0.84

1.27

1.22

0.98

0.94

1.10

1.10

Diluted (USD per share)

-3.34

2.29

1.62

2.31

3.63

-0.32

2.26

2.31

1.60

1.82

0.13

1.61

1.72

4.34

1.23

0.62

1.14

1.45

0.71

1.57

0.21

1.41

1.28

1.15

1.13

1.72

0.92

1.20

1.32

0.55

2.39

1.01

1.14

1.08

0.95

0.46

0.83

1.25

1.21

0.97

0.93

1.09

1.09

Average number of Common Shares:
Basic (shares)

90,300

90,500

90,000

89,700

89,400

89,300

89,100

89,000

88,600

88,100

88,100

87,800

87,200

87,000

86,900

86,800

86,900

87,600

87,500

87,700

87,600

87,800

89,000

89,600

89,600

89,100

89,100

89,600

89,400

89,800

92,900

96,400

97,700

98,200

99,700

102,700

104,600

106,400

108,200

110,200

112,000

116,100

115,800

Diluted (shares)

90,300

91,200

91,100

91,000

90,700

90,600

90,700

90,700

90,400

90,100

90,000

89,800

89,300

88,600

88,500

88,400

88,500

89,400

89,300

89,500

89,400

89,900

90,900

91,600

91,600

91,300

91,000

91,500

91,000

91,600

94,600

98,000

99,400

99,700

101,300

104,400

106,200

107,600

109,500

111,800

113,100

117,200

116,500

Cash dividends per Common Share (USD per share)

-

-

-

-

-

-

-

-

-

-

0.31

1.81

0.31

-

0.28

0.28

0.28

1.28

0.25

0.25

0.25

1.25

0.22

0.22

0.22

1.22

0.19

0.19

0.19

0.44

0.17

0.17

0.17

0.17

0.16

0.16

0.16

0.16

0.13

0.13

0.13

0.13

0.13

Supplemental disclosure of Realized gains on securities:
Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss

-505,000

71,000

-9,000

58,000

186,000

-222,000

36,000

31,000

-92,000

26,000

26,000

17,000

9,000

60,000

18,000

23,000

34,000

35,000

19,000

29,000

23,000

31,000

24,000

13,000

20,000

73,000

61,000

42,000

57,000

72,000

93,000

23,000

48,000

60,000

18,000

40,000

10,000

43,000

68,000

27,000

25,000

35,000

66,000

Losses on securities with impairment

69,000

6,000

9,000

2,000

2,000

16,000

2,000

0

1,000

20,000

38,000

10,000

6,000

9,000

16,000

39,000

51,000

56,000

35,000

30,000

4,000

23,000

11,000

1,000

1,000

8,000

5,000

1,000

0

7,000

8,000

7,000

5,000

8,000

6,000

10,000

7,000

8,000

8,000

20,000

14,000

-47,000

-70,000

Non-credit portion recognized in other comprehensive income (loss)

23,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment charges recognized in earnings

46,000

-

-

-

2,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-credit portion recognized in other comprehensive income (loss)

-

-

0

0

-

0

0

0

0

0

0

-1,000

0

0

0

0

1,000

0

0

0

0

0

0

0

0

-2,000

0

0

0

0

0

0

-1,000

3,000

4,000

11,000

3,000

12,000

3,000

4,000

-7,000

21,000

19,000

Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities

-

-

9,000

2,000

-

16,000

2,000

0

1,000

20,000

38,000

9,000

6,000

9,000

16,000

39,000

52,000

56,000

35,000

30,000

4,000

23,000

11,000

1,000

1,000

6,000

5,000

1,000

0

7,000

8,000

7,000

4,000

11,000

10,000

21,000

10,000

14,000

11,000

16,000

21,000

26,000

51,000

Marketable Securities, Realized Gain (Loss)

-551,000

65,000

-18,000

56,000

184,000

-238,000

34,000

31,000

-93,000

6,000

-12,000

8,000

3,000

51,000

2,000

-16,000

-18,000

-21,000

-16,000

-1,000

19,000

8,000

13,000

12,000

19,000

67,000

56,000

41,000

57,000

65,000

85,000

16,000

44,000

-

8,000

19,000

-

29,000

57,000

11,000

4,000

9,000

15,000