AMERICAN FINANCIAL GROUP, INC. — Cash Flow Charts
18 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↓-10.6% -$181M
$1.53B
Free Cash Flow↓-10.6% -$181M
$1.53B
Investing Cash Flow↓-91.5% -$399M
$-835M
Financing Cash Flow↑+80.7% +$1.58B
$-377M
Stock Buybacks↓-69.0% -$220M
$99M
Dividends Paid↓-74.5% -$1.77B
$606M
Debt Issued
$344M
Debt Repaid
$0
SBC Allocated Expense↑+12.5% +$2M
$18M