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Condensed Financial Information of Parent Company - Condensed Statement of Cash Flows (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities:                      
Net earnings (loss) attributable to shareholders $ 692 $ 164 $ 177 $ (301) $ 211 $ 147 $ 210 $ 329 $ 732 $ 897 $ 530
Adjustments:                      
Net cash provided by operating activities                 2,183 2,456 2,083
Investing Activities:                      
Net cash used in investing activities                 (1,564) (3,065) (5,350)
Financing Activities:                      
Additional long-term borrowings                 634 315 0
Reductions of long-term debt                 (150) (150) 0
Issuances of Common Stock                 22 36 33
Repurchases of Common Stock                 (313) 0 (6)
Cash dividends paid on Common Stock                 (334) (444) (394)
Net cash provided by (used in) financing activities                 (123) 1,408 2,444
Cash and cash equivalents at beginning of year       2,314       1,515 2,314 1,515 2,338
Cash and cash equivalents at end of year 2,810       2,314       2,810 2,314 1,515
AFG                      
Operating Activities:                      
Net earnings (loss) attributable to shareholders                 732 897 530
Adjustments:                      
Equity in net earnings of subsidiaries                 (780) (1,032) (637)
Dividends from subsidiaries                 543 408 238
Other operating activities, net                 (12) 33 84
Net cash provided by operating activities                 483 306 215
Investing Activities:                      
Capital contributions to subsidiaries                 (297) (60) (11)
Returns of capital from subsidiaries                 0 4 23
Purchases of investments, property and equipment                 (2) (3) (5)
Proceeds from maturities and redemptions of investments                 2 3 3
Proceeds from sales of businesses                 3 0 0
Net cash used in investing activities                 (294) (56) 10
Financing Activities:                      
Additional long-term borrowings                 634 315 0
Reductions of long-term debt                 (150) (150) 0
Issuances of Common Stock                 23 37 34
Repurchases of Common Stock                 (313) 0 (6)
Cash dividends paid on Common Stock                 (334) (444) (394)
Net cash provided by (used in) financing activities                 (140) (242) (366)
Cash and cash equivalents, period increase (decrease)                 49 8 (141)
Cash and cash equivalents at beginning of year       $ 166       $ 158 166 158 299
Cash and cash equivalents at end of year $ 215       $ 166       $ 215 $ 166 $ 158