AMERICAN FINANCIAL GROUP, INC. Cash Flow Charts

2 years of history · ending 2025-12-31 · SEC EDGAR

Source:10-K · 10-Q

Capital Allocation

How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).

Capital Allocation Waterfall

Buybacks vs Stock-Based Comp

Net Debt Issuance

Cash Flow

Cash Flow by Activity

Operating Cash Flow
$1.53B
Free Cash Flow
$1.53B
Investing Cash Flow
$-835M
Financing Cash Flow
$-377M
Stock Buybacks
$99M
Dividends Paid
$606M
Debt Issued
$344M
Debt Repaid
$0
SBC Allocated Expense
$18M