AMERICAN FINANCIAL GROUP, INC. AFGH Income Statement

American financial group, inc. (AFGH)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'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