American Financial Group, Inc. (AFG) — Free Cash Flow Generation Index
American Financial Group, Inc. (AFG) has a Free Cash Flow Generation Index of 0.96x as of March 2026. Free cash flow of $457.00 Million represents 1% of operating cash flow ($474.00 Million). Explore AFG capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
American Financial Group, Inc. Free Cash Flow Generation Index (1983–2025)
Historical FCF Generation Index trend for American Financial Group, Inc. across 43 annual periods. For the full cash flow conversion analysis, see American Financial Group, Inc. (AFG) cash conversion ratio.
Annual Free Cash Flow Generation for American Financial Group, Inc. (1983–2025)
Year-by-year Free Cash Flow Generation Index for American Financial Group, Inc.. Check how aggressively does American Financial Group, Inc. reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.91x | $1.40 Billion | $1.53 Billion | $135.00 Million | ▼ -8.8% |
| 2024 | 1.00x | $1.15 Billion | $1.15 Billion | $133.00 Million | ▲ +3.8% |
| 2023 | 0.96x | $1.90 Billion | $1.97 Billion | $72.00 Million | ▲ +4.1% |
| 2022 | 0.93x | $1.07 Billion | $1.15 Billion | $86.00 Million | ▲ +1.4% |
| 2021 | 0.91x | $1.56 Billion | $1.71 Billion | $150.00 Million | ▲ +8.3% |
| 2020 | 0.84x | $1.84 Billion | $2.18 Billion | $343.00 Million | ▼ -15.7% |
| 2019 | 1.00x | $2.46 Billion | $2.46 Billion | $40.00 Million | ▲ +2.1% |
| 2018 | 0.98x | $2.04 Billion | $2.08 Billion | $43.00 Million | ▲ +4.2% |
| 2017 | 0.94x | $1.70 Billion | $1.80 Billion | $109.00 Million | ▼ -1.9% |
| 2016 | 0.96x | $1.10 Billion | $1.15 Billion | $49.00 Million | ▼ -8.8% |
| 2015 | 1.05x | $1.42 Billion | $1.36 Billion | $67.00 Million | ▲ +51.1% |
| 2014 | 0.69x | $855.00 Million | $1.23 Billion | $367.00 Million | ▼ -7.4% |
| 2013 | 0.75x | $570.00 Million | $760.00 Million | $190.00 Million | ▲ +16.3% |
| 2012 | 0.65x | $527.00 Million | $817.00 Million | $290.00 Million | ▼ -25.9% |
| 2011 | 0.87x | $581.00 Million | $667.00 Million | $86.00 Million | ▼ -4.7% |
| 2010 | 0.91x | $790.00 Million | $864.00 Million | $74.00 Million | ▼ -1.9% |
| 2009 | 0.93x | $851.90 Million | $914.40 Million | $62.50 Million | ▼ -2.2% |
| 2008 | 0.95x | $926.70 Million | $972.90 Million | $46.20 Million | ▼ -3.0% |
| 2007 | 0.98x | $774.00 Million | $788.50 Million | $14.50 Million | ▲ +6.1% |
| 2006 | 0.93x | $895.20 Million | $967.60 Million | $72.40 Million | ▲ +0.3% |
| 2005 | 0.92x | $942.88 Million | $1.02 Billion | $79.47 Million | ▼ -2.3% |
| 2004 | 0.94x | $951.30 Million | $1.01 Billion | $56.37 Million | ▼ -1.7% |
| 2003 | 0.96x | $719.80 Million | $749.50 Million | $29.70 Million | ▲ +2.9% |
| 2002 | 0.93x | $754.93 Million | $808.57 Million | $53.64 Million | ▲ +6.7% |
| 2001 | 0.88x | $631.80 Million | $721.92 Million | $90.11 Million | ▲ +9.4% |
| 2000 | 0.80x | $353.09 Million | $441.46 Million | $88.37 Million | ▼ -0.5% |
| 1999 | 0.80x | $304.17 Million | $378.23 Million | $74.06 Million | ▼ -2.7% |
| 1998 | 0.83x | $318.63 Million | $385.44 Million | $66.82 Million | ▼ -2.5% |
| 1997 | 0.85x | $361.09 Million | $426.00 Million | $64.92 Million | ▼ -5.6% |
| 1996 | 0.90x | $335.00 Million | $373.00 Million | $38.00 Million | ▲ +4.0% |
| 1995 | 0.86x | $270.00 Million | $312.60 Million | $42.60 Million | ▼ -6.9% |
| 1994 | 0.93x | $285.50 Million | $307.60 Million | $22.10 Million | ▼ -1.5% |
| 1993 | 0.94x | $286.60 Million | $304.10 Million | $17.50 Million | ▲ +5.6% |
| 1992 | 0.89x | $215.00 Million | $240.80 Million | $25.80 Million | ▲ +2.1% |
| 1991 | 0.87x | $178.50 Million | $204.20 Million | $25.70 Million | ▲ +19.7% |
| 1990 | 0.73x | $157.00 Million | $214.90 Million | $57.90 Million | ▼ -7.8% |
| 1989 | 0.79x | $155.20 Million | $195.90 Million | $40.70 Million | ▲ +37.3% |
| 1988 | 0.58x | $49.10 Million | $85.10 Million | $36.00 Million | ▼ -14.1% |
| 1987 | 0.67x | $63.10 Million | $93.90 Million | $30.80 Million | ▼ -23.6% |
| 1986 | 0.88x | $273.60 Million | $311.10 Million | $37.50 Million | ▲ +34.3% |
| 1985 | 0.65x | $149.50 Million | $228.30 Million | $78.80 Million | ▲ +15.6% |
| 1984 | 0.57x | $173.80 Million | $306.80 Million | $133.00 Million | ▼ -20.4% |
| 1983 | 0.71x | $252.10 Million | $354.30 Million | $102.20 Million | — |