American Financial Group, Inc. (AFG) — Capital Reinvestment Ratio
American Financial Group, Inc. (AFG) has a Capital Reinvestment Ratio of 0.04x as of March 2026, meaning it reinvests 0% of its operating cash flow ($474.00 Million) in capital expenditures ($17.00 Million). Check American Financial Group, Inc. tangible book value ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
American Financial Group, Inc. Capital Reinvestment Ratio (1983–2025)
This chart tracks American Financial Group, Inc.'s Capital Reinvestment Ratio across 43 annual periods. For the full cash flow conversion analysis, see AFG cash generation efficiency.
Annual Capital Reinvestment Ratio for American Financial Group, Inc. (1983–2025)
Year-by-year Capital Reinvestment Ratio for American Financial Group, Inc. from 1983 to 2025. See how much free cash does American Financial Group, Inc. generate to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.09x | $1.53 Billion | $135.00 Million | ▼ -23.7% |
| 2024 | 0.12x | $1.15 Billion | $133.00 Million | ▲ +215.9% |
| 2023 | 0.04x | $1.97 Billion | $72.00 Million | ▼ -51.0% |
| 2022 | 0.07x | $1.15 Billion | $86.00 Million | ▼ -14.8% |
| 2021 | 0.09x | $1.71 Billion | $150.00 Million | ▼ -44.3% |
| 2020 | 0.16x | $2.18 Billion | $343.00 Million | ▲ +864.7% |
| 2019 | 0.02x | $2.46 Billion | $40.00 Million | ▼ -21.1% |
| 2018 | 0.02x | $2.08 Billion | $43.00 Million | ▼ -65.8% |
| 2017 | 0.06x | $1.80 Billion | $109.00 Million | ▲ +41.8% |
| 2016 | 0.04x | $1.15 Billion | $49.00 Million | ▼ -13.7% |
| 2015 | 0.05x | $1.36 Billion | $67.00 Million | ▼ -83.4% |
| 2014 | 0.30x | $1.23 Billion | $367.00 Million | ▲ +19.3% |
| 2013 | 0.25x | $760.00 Million | $190.00 Million | ▼ -29.6% |
| 2012 | 0.35x | $817.00 Million | $290.00 Million | ▲ +175.3% |
| 2011 | 0.13x | $667.00 Million | $86.00 Million | ▲ +50.5% |
| 2010 | 0.09x | $864.00 Million | $74.00 Million | ▲ +25.3% |
| 2009 | 0.07x | $914.40 Million | $62.50 Million | ▲ +43.9% |
| 2008 | 0.05x | $972.90 Million | $46.20 Million | ▲ +158.2% |
| 2007 | 0.02x | $788.50 Million | $14.50 Million | ▼ -75.4% |
| 2006 | 0.07x | $967.60 Million | $72.40 Million | ▼ -3.7% |
| 2005 | 0.08x | $1.02 Billion | $79.47 Million | ▲ +38.9% |
| 2004 | 0.06x | $1.01 Billion | $56.37 Million | ▲ +41.2% |
| 2003 | 0.04x | $749.50 Million | $29.70 Million | ▼ -40.3% |
| 2002 | 0.07x | $808.57 Million | $53.64 Million | ▼ -46.9% |
| 2001 | 0.12x | $721.92 Million | $90.11 Million | ▼ -37.6% |
| 2000 | 0.20x | $441.46 Million | $88.37 Million | ▲ +2.2% |
| 1999 | 0.20x | $378.23 Million | $74.06 Million | ▲ +13.0% |
| 1998 | 0.17x | $385.44 Million | $66.82 Million | ▲ +13.8% |
| 1997 | 0.15x | $426.00 Million | $64.92 Million | ▲ +49.6% |
| 1996 | 0.10x | $373.00 Million | $38.00 Million | ▼ -25.2% |
| 1995 | 0.14x | $312.60 Million | $42.60 Million | ▲ +89.7% |
| 1994 | 0.07x | $307.60 Million | $22.10 Million | ▲ +24.8% |
| 1993 | 0.06x | $304.10 Million | $17.50 Million | ▼ -46.3% |
| 1992 | 0.11x | $240.80 Million | $25.80 Million | ▼ -14.9% |
| 1991 | 0.13x | $204.20 Million | $25.70 Million | ▼ -53.3% |
| 1990 | 0.27x | $214.90 Million | $57.90 Million | ▲ +29.7% |
| 1989 | 0.21x | $195.90 Million | $40.70 Million | ▼ -50.9% |
| 1988 | 0.42x | $85.10 Million | $36.00 Million | ▲ +29.0% |
| 1987 | 0.33x | $93.90 Million | $30.80 Million | ▲ +172.1% |
| 1986 | 0.12x | $311.10 Million | $37.50 Million | ▼ -65.1% |
| 1985 | 0.35x | $228.30 Million | $78.80 Million | ▼ -20.4% |
| 1984 | 0.43x | $306.80 Million | $133.00 Million | ▲ +50.3% |
| 1983 | 0.29x | $354.30 Million | $102.20 Million | — |