How do you interpret property and casualty insurance — goodwill acquired?

An increase suggests active inorganic growth or premium pricing for acquisitions, while a decrease indicates a focus on organic growth or lack of M&A activity.

How does property and casualty insurance — goodwill acquired compare across companies?

Commonly reported by insurance holding companies as 'Goodwill' or 'Acquisition-related intangible assets' in segment notes.

American Financial Group AFG Property and casualty insurance — Goodwill Acquired

Discontinued — last reported Q4 '18

Similar metrics at other companies

ALLYInsurance operations — Goodwill acquired

$0—

ONBInsurance — Goodwill Acquired

$1.1M—

ACGLInsurance — Goodwill and intangible assets

$769M-12.4%

VRSKInsurance — Goodwill Acquired

$600K—

ALLYInsurance operations — Goodwill

$27M0.0%

CRBGLife Insurance — Goodwill, Acquired During Period

——

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:GoodwillAcquiredDuringPeriod.

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

Questions, answered.

What does property and casualty insurance — goodwill acquired mean?: The amount of goodwill added to the balance sheet from acquiring new insurance businesses during the period.
How do you interpret property and casualty insurance — goodwill acquired?: An increase suggests active inorganic growth or premium pricing for acquisitions, while a decrease indicates a focus on organic growth or lack of M&A activity.
How does property and casualty insurance — goodwill acquired compare across companies?: Commonly reported by insurance holding companies as 'Goodwill' or 'Acquisition-related intangible assets' in segment notes.