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AMERICAN FINANCIAL GROUP INC (AFG)
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| Income Statement |
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Annual | Quarterly | TTM |
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Total revenues | 7,040.0 | 6,552.0 | 5,769.0 | 6,213.0 | 7,150.0 | 6,865.0 | 6,498.0 | 6,145.0 |
| Revenue growth | 7.4% | 13.6% | -7.1% | -13.1% | 4.2% | 5.6% | 5.7% | 7.2% |
| Loss and loss adjustment expenses | 3,629.0 | 3,157.0 | 3,271.0 | 3,271.0 | 3,003.0 | 2,955.0 | 2,762.0 | 2,695.0 |
| Policy acquisition costs | 641.0 | 580.0 | 615.0 | 721.0 | | | | |
| Investment expenses | 16.0 | 12.0 | 6.0 | 6.0 | 22.0 | 21.0 | 20.0 | 18.0 |
| Other operating expenses | 1,546.0 | 1,374.0 | 1,450.0 | 1,513.0 | 3,424.0 | 3,080.0 | 2,852.0 | 2,792.0 |
| Equity in earnings | | | | | | | | |
| EBITDA | 1,223.0 | 1,749.0 | 944.0 | 1,812.0 | 645.0 | 1,420.0 | 1,132.0 | 716.0 |
| EBITDA margin | 17.4% | 26.7% | 16.4% | 29.2% | 9.0% | 20.7% | 17.4% | 11.7% |
| Depreciation | 100.0 | 187.0 | 299.0 | 259.0 | 210.0 | 107.0 | 134.0 | 134.0 |
| EBIT | 1,123.0 | 1,562.0 | 645.0 | 1,553.0 | 435.0 | 1,313.0 | 998.0 | 582.0 |
| EBIT margin | 16.0% | 23.8% | 11.2% | 25.0% | 6.1% | 19.1% | 15.4% | 9.5% |
| Interest income, net [+] | -102.0 | -80.0 | -149.0 | -223.0 | -656.0 | -154.0 | -171.0 | -380.0 |
| Interest expense | 85.0 | 94.0 | 88.0 | 68.0 | 62.0 | 85.0 | 77.0 | 75.0 |
| Interest income | -17.0 | 14.0 | -61.0 | -155.0 | -594.0 | -69.0 | -94.0 | -305.0 |
| Other income (expense), net | -117.0 | -113.0 | -80.0 | 69.0 | 266.0 | -5.0 | -19.0 | 19.0 |
| Pre-tax income | 1,123.0 | 1,335.0 | 339.0 | 634.0 | 639.0 | 724.0 | 787.0 | 565.0 |
| Income taxes | 225.0 | 254.0 | 25.0 | 143.0 | 122.0 | 247.0 | 119.0 | 195.0 |
| Tax rate | 20.0% | 19.0% | 7.4% | 22.6% | 19.1% | 34.1% | 15.1% | 34.5% |
| Minority interest | | | -11.0 | -28.0 | -13.0 | 2.0 | 19.0 | 18.0 |
| Earnings from continuing ops | 898.0 | 1,081.0 | 325.0 | 519.0 | 530.0 | 475.0 | 649.0 | 352.0 |
| Earnings from discontinued ops | | 914.0 | 407.0 | 378.0 | | | | |
| Net income | 898.0 | 1,995.0 | 732.0 | 897.0 | 530.0 | 475.0 | 649.0 | 352.0 |
| Net margin | 12.8% | 30.4% | 12.7% | 14.4% | 7.4% | 6.9% | 10.0% | 5.7% |
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| Basic EPS | $10.55 | $12.70 | $3.66 | $5.77 | $5.96 | $5.41 | $7.47 | $4.02 |
| Diluted EPS | $10.53 | $12.63 | $3.64 | $5.70 | $5.85 | $5.29 | $7.33 | $3.94 |
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| Shares outstanding (basic) | 85.1 | 85.1 | 88.7 | 89.9 | 89.0 | 87.8 | 86.9 | 87.6 |
| Shares outstanding (diluted) | 85.3 | 85.6 | 89.2 | 91.0 | 90.6 | 89.8 | 88.5 | 89.4 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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