Skip to content

American Financial Group AFG Annuity — Deferred policy acquisition costs

Discontinued — last reported Q4 '20

Similar metrics at other companies

Globe Life logo
GLAnnuity — Deferred Policy Acquisition Costs, Amortization Expense
$388K-7.2%
Prudential Financial logo
PRUIndividual Annuities — Deferred Policy Acquisition Costs
$3.63B-22.6%
Apollo Global Management logo
APOIndexed Annuities — Deferred Policy Acquisition Cost
$3.26B+31.4%
Globe Life logo
GLAnnuity — Deferred Policy Acquisition Costs
$8.59M+50.8%
Prudential Financial logo
PRUAnnuities — Deferred Policy Acquisition Cost
$2.25B-9.8%
Principal Financial Group logo
PFGDeferred Fixed Annuity — Deferred Policy Acquisition Costs Additions
$1.9M

Other financials

Income statement

See full
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

See full
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

See full
Operating cash flow$474.0M+38.6%

Valuation

See full
Market cap$11.04B-3.6%
Enterprise value$11.72B-1.2%
P/E12.6×-1.8×
P/S1.4×0.0×

Profitability

See full
Operating margin13.6%+1.4pp
Net margin10.8%+1.1pp

Returns & leverage

See full
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:SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts.

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

Questions, answered.

What does annuity — deferred policy acquisition costs mean?
The capitalized costs of acquiring new annuity customers, spread out over the life of the policies.
How do you interpret annuity — deferred policy acquisition costs?
An increase suggests high sales activity and investment in future revenue streams.
How does annuity — deferred policy acquisition costs compare across companies?
Standard metric for life and annuity insurers under GAAP accounting.