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American Financial Group (AFG) Q4 FY2021 earnings: revenue $1.8 billion, down 33.0% on the year

American Financial Group Inc. (AFG) reported revenue of $1.8 billion for Q4 FY2021, the quarter ended 31 December 2021, down 33.0% on the same quarter a year earlier. Net income was $355 million, down 48.7% on the year, and diluted earnings per share $4.20. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.

Revenue
$1.8 billion
-33.0% on the year · +0.2% on the quarter
Q1 FY2020Q4 FY2021
Operating margin
25.3%
33.7% a year earlier
Q1 FY2020Q4 FY2021
Net income
$355 million
-48.7% on the year · +62.1% on the quarter
Q1 FY2020Q4 FY2021
Diluted EPS
$4.20
-47.0% on the year · +64.1% on the quarter
Q1 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Revenue1,7581,7542,623+0.2%-33.0%
Operating income445267884+66.7%-49.7%
Operating margin25.3%15.2%33.7%
Interest expense23.0n/an/a
Income tax90.0n/an/a
Net income355219692+62.1%-48.7%
Net margin20.2%n/an/a
Diluted EPS$4.20$2.56$7.93+64.1%-47.0%
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Operating cash flow289n/an/a
Cash from investing-333n/an/a
Cash from financing-658n/an/a
Depreciation and amortisation27.027.051.00.0%-47.1%
Share-based compensation5.0n/an/a
Buybacks1.0n/an/a
Dividends paid892n/an/a
Diluted shares, weighted86m85m87m+0.5%-1.8%
Shares outstanding at period end85m85m86m+0.1%-1.6%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Shareholders' equity5,0125,2406,789-4.4%-26.2%
Debt1,9641,9641,9630.0%+0.1%
Other liabilities21,955n/an/a
Total liabilities and equity28,931n/an/a
Goodwill246n/an/a
Intangible assets106n/an/a
Securities held for sale or to maturity10,357n/an/a
Cash and equivalents2,1312,8332,810-24.8%-24.2%
Other assets16,091n/an/a
Total assets28,931n/an/a

Questions

What was American Financial Group's revenue in Q4 FY2021?

American Financial Group (AFG) reported revenue of $1.8 billion for Q4 FY2021, the quarter ended 31 December 2021, down 33.0% on the same quarter a year earlier.

How much did American Financial Group earn in Q4 FY2021?

Net income for Q4 FY2021 was $355 million, down 48.7% on the year, and diluted earnings per share $4.20.

When did American Financial Group report Q4 FY2021 results?

American Financial Group filed its 10-K for the year that ended with the quarter on 25 February 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,7581,5881,5391,9841,9291,7401,8402,1642,0831,9061,9002,3692,1491,8561,9242,3312,0631,8542,0302,583
SG&An/a414432445427473485497480503506518480530534529466556560571
Operating income445361206210346264255219335304271229320197229268379239316359
Operating margin25%23%13%11%18%15%14%10%16%16%14%10%15%11%12%11%18%13%16%14%
Interest expense23.023.023.019.020.019.019.019.019.019.019.019.019.019.019.019.023.023.024.023.0
Net income355290167165276212200177263242209181255154174215299191248282
Net margin20%18%11%8%14%12%11%8%13%13%11%8%12%8%9%9%14%10%12%11%
Diluted EPS$4.20$3.40$1.96$1.93$3.24$2.49$2.34$2.09$3.13$2.89$2.49$2.16$3.03$1.84$2.07$2.58$3.58$2.29$2.99$3.40
Operating cash flow28950311.0529110403115696756107-88.045967434219121678447492.0405
Buybacks1.05.00.05.01.024.043.086.060.00.00.00.00.058.039.01.01.060.026.026.0
Dividends paid89221672647.022439353.052.018626859.058.040323368.066.023919873.072.0
Shares outstanding85m85m85m85m85m85m85m84m84m84m84m84m84m84m83m83m83m83m83m83m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2021, filed 25 February 2022: the filing.