American Financial Group (AFG) FY2021 results: revenue $6.6 billion, up 13.6% on the year
American Financial Group Inc. (AFG) reported revenue of $6.6 billion for fiscal 2021, the year ended 31 December 2021, up 13.6% on the year before. Net income was $2.0 billion, up 172.5%, and diluted earnings per share $23.30. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$6.6 billion
+13.6% on the year
FY2014FY2021
Operating margin
20.4%
5.9% a year earlier
FY2014FY2021
Net income
$2.0 billion
+172.5% on the year
FY2014FY2021
Diluted EPS
$23.30
+184.1% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,714
2,183
2,456
-21.5%
Cash from investing
-436
-1,564
-3,065
Cash from financing
-1,957
-123
1,408
Depreciation and amortisation
187
299
259
-37.5%
Share-based compensation
16.0
20.0
23.0
-20.0%
Buybacks
319
313
0.0
+1.9%
Dividends paid
2,374
334
444
+610.8%
Dividend per share
$28.06
$3.85
$4.95
+628.8%
Diluted shares, weighted
86m
89m
91m
-4.0%
Shares outstanding at period end
85m
86m
90m
-1.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
5,012
6,789
6,269
-26.2%
Non-controlling interest
n/a
0.0
0.0
Redeemable equity
n/a
0.0
0.0
Debt
1,964
1,963
1,473
+0.1%
Other liabilities
21,955
64,814
62,388
-66.1%
Total liabilities and equity
28,931
73,566
70,130
-60.7%
Goodwill
246
176
176
+39.8%
Intangible assets
106
34.0
43.0
+211.8%
Securities held for sale or to maturity
10,357
9,084
46,505
+14.0%
Cash and equivalents
2,131
1,665
2,314
+28.0%
Other assets
16,091
62,607
21,092
-74.3%
Total assets
28,931
73,566
70,130
-60.7%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.