Condensed Financial Information of Parent Company

12 Months Ended

Dec. 31, 2018

Condensed Financial Information Disclosure [Abstract]

Condensed Financial Information of Parent Company

AMERICAN FINANCIAL GROUP, INC. — PARENT ONLY

SCHEDULE II — CONDENSED FINANCIAL INFORMATION OF REGISTRANT

(In Millions)

Condensed Balance Sheet

	December 31,
	2018		2017
Assets:
Cash and cash equivalents	$	158	$	299
Investment in securities	65		70
Investment in subsidiaries (a)	6,155		6,310
Other investments	2		2
Other assets	68		141
Total assets	$	6,448	$	6,822
Liabilities and Equity:
Long-term debt	$	1,302	$	1,301
Other liabilities	176		191
Shareholders’ equity	4,970		5,330
Total liabilities and equity	$	6,448	$	6,822

Condensed Statement of Earnings

	Year ended December 31,
	2018		2017		2016
Revenues:
Dividends from subsidiaries	$	261	$	681	$	643
Equity in undistributed earnings of subsidiaries	529		264		286
Investment and other income	2		13		7
Total revenues	792		958		936
Costs and Expenses:
Interest charges on intercompany borrowings	8		9		9
Interest charges on other borrowings	62		85		77
Other expenses	70		142		82
Total costs and expenses	140		236		168
Earnings before income taxes	652		722		768
Provision for income taxes	122		247		119
Net Earnings Attributable to Shareholders	$	530	$	475	$	649

Condensed Statement of Comprehensive Income

Net earnings attributable to shareholders	$	530		$	475	$	649
Other comprehensive income (loss), net of tax	(544		)	296		62
Total comprehensive income (loss), net of tax	$	(14	)	$	771	$	711

________________________

(a) Investment in subsidiaries includes intercompany receivables and payables.

Condensed Statement of Cash Flows

	Year ended December 31,
	2018			2017			2016
Operating Activities:
Net earnings attributable to shareholders	$	530		$	475		$	649
Adjustments:
Equity in net earnings of subsidiaries	(637		)	(575		)	(638		)
Dividends from subsidiaries	238			580			611
Other operating activities, net	84			98			(67		)
Net cash provided by operating activities	215			578			555
Investing Activities:
Capital contributions to subsidiaries	(11		)	(93		)	(560		)
Returns of capital from subsidiaries	23			30			—
Purchases of investments, property and equipment	(5		)	(2		)	(1		)
Proceeds from maturities and redemptions of investments	3			2			1
Net cash provided by (used in) investing activities	10			(63		)	(560		)
Financing Activities:
Additional long-term borrowings	—			712			296
Reductions of long-term debt	—			(745		)	—
Issuances of Common Stock	34			37			35
Repurchases of Common Stock	(6		)	—			(133		)
Cash dividends paid on Common Stock	(394		)	(417		)	(185		)
Net cash provided by (used in) financing activities	(366		)	(413		)	13
Net Change in Cash and Cash Equivalents	(141		)	102			8
Cash and cash equivalents at beginning of year	299			197			189
Cash and cash equivalents at end of year	$	158		$	299		$	197