American Financial Group AFG Annuity and Run-off — Deferred Policy Acquisition Cost

Discontinued — last reported Q4 '20

Similar metrics at other companies

PRUAnnuities — Deferred Policy Acquisition Cost

$2.25B-9.8%

LNCFixed Annuities — Deferred Policy Acquisition Cost

$479M+23.5%

LNCVariable Annuities — Deferred Policy Acquisition Cost

$4.04B+3.9%

PFGDeferred Fixed Annuity — Deferred Policy Acquisition Costs

$62.8M-21.3%

JXNVariable annuity — Deferred Policy Acquisition Costs, Amortization Expense

$255M-1.9%

APOTraditional Deferred Annuities — Deferred Policy Acquisition Cost

$1.51B+14.7%

Other financials

Income statement

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Revenue$1.9B-0.1%

Operating income$239.0M+21.3%

Net income$191.0M+24.0%

EPS (diluted)$2.29+24.5%

Balance sheet

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Cash & equivalents$1.4B+6.0%

Total debt$2.0B+19.3%

Total equity$4.7B+6.5%

Total assets$32.4B+6.8%

Cash flow

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Operating cash flow$474.0M+38.6%

Valuation

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Market cap$11.04B-3.6%

Enterprise value$11.72B-1.2%

P/E12.6×-1.8×

P/S1.4×0.0×

Profitability

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Operating margin13.6%+1.4pp

Net margin10.8%+1.1pp

Returns & leverage

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Return on equity19.4%+0.9pp

Debt / equity0.4×0.0×

Where this comes from

Reported directly by American Financial Group in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCosts.

The official record: American Financial Group’s 10-K, filed February 25, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does annuity and run-off — deferred policy acquisition cost mean?: Represents the capitalized costs directly related to the acquisition of new insurance contracts within the annuity and run-off segment. These costs are deferred and amortized over the expected life of the policies to match expenses with related revenue recognition. It reflects the company's investment in growing its annuity book of business.