American Financial Group (AFG) FY2022 results: revenue $7.0 billion, up 7.4% on the year
American Financial Group Inc. (AFG) reported revenue of $7.0 billion for fiscal 2022, the year ended 31 December 2022, up 7.4% on the year before. Net income was $898 million, down 55.0%, and diluted earnings per share $10.53. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$7.0 billion
+7.4% on the year
FY2015FY2022
Operating margin
16.0%
20.4% a year earlier
FY2015FY2022
Net income
$898 million
-55.0% on the year
FY2015FY2022
Diluted EPS
$10.53
-54.8% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,153
1,714
2,183
-32.7%
Cash from investing
-1,051
-436
-1,564
Cash from financing
-1,361
-1,957
-123
Depreciation and amortisation
100
187
299
-46.5%
Share-based compensation
19.0
16.0
20.0
+18.8%
Buybacks
11.0
319
313
-96.6%
Dividends paid
1,213
2,374
334
-48.9%
Dividend per share
$14.31
$28.06
$3.85
-49.0%
Diluted shares, weighted
85m
86m
89m
-0.4%
Shares outstanding at period end
85m
85m
86m
+0.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
4,052
5,012
6,789
-19.2%
Non-controlling interest
n/a
n/a
0.0
Redeemable equity
n/a
n/a
0.0
Debt
1,496
1,964
1,963
-23.8%
Other liabilities
23,283
21,955
64,814
+6.0%
Total liabilities and equity
28,831
28,931
73,566
-0.3%
Goodwill
246
246
176
0.0%
Intangible assets
108
106
34.0
+1.9%
Securities held for sale or to maturity
10,095
10,357
9,084
-2.5%
Cash and equivalents
872
2,131
1,665
-59.1%
Other assets
17,510
16,091
62,607
+8.8%
Total assets
28,831
28,931
73,566
-0.3%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.