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v3.20.4

Condensed Financial Information of Parent Company - Condensed Statement of Cash Flows (Details) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
Operating Activities: |  |  |  |  |  |  |  |  |  |  |
Net earnings (loss) attributable to shareholders | $ 692 | $ 164 | $ 177 | $ (301) | $ 211 | $ 147 | $ 210 | $ 329 | $ 732 | $ 897 | $ 530
Adjustments: |  |  |  |  |  |  |  |  |  |  |
Net cash provided by operating activities |  |  |  |  |  |  |  |  | 2,183 | 2,456 | 2,083
Investing Activities: |  |  |  |  |  |  |  |  |  |  |
Net cash used in investing activities |  |  |  |  |  |  |  |  | (1,564) | (3,065) | (5,350)
Financing Activities: |  |  |  |  |  |  |  |  |  |  |
Additional long-term borrowings |  |  |  |  |  |  |  |  | 634 | 315 | 0
Reductions of long-term debt |  |  |  |  |  |  |  |  | (150) | (150) | 0
Issuances of Common Stock |  |  |  |  |  |  |  |  | 22 | 36 | 33
Repurchases of Common Stock |  |  |  |  |  |  |  |  | (313) | 0 | (6)
Cash dividends paid on Common Stock |  |  |  |  |  |  |  |  | (334) | (444) | (394)
Net cash provided by (used in) financing activities |  |  |  |  |  |  |  |  | (123) | 1,408 | 2,444
Cash and cash equivalents at beginning of year |  |  |  | 2,314 |  |  |  | 1,515 | 2,314 | 1,515 | 2,338
Cash and cash equivalents at end of year | 2,810 |  |  |  | 2,314 |  |  |  | 2,810 | 2,314 | 1,515
AFG |  |  |  |  |  |  |  |  |  |  |
Operating Activities: |  |  |  |  |  |  |  |  |  |  |
Net earnings (loss) attributable to shareholders |  |  |  |  |  |  |  |  | 732 | 897 | 530
Adjustments: |  |  |  |  |  |  |  |  |  |  |
Equity in net earnings of subsidiaries |  |  |  |  |  |  |  |  | (780) | (1,032) | (637)
Dividends from subsidiaries |  |  |  |  |  |  |  |  | 543 | 408 | 238
Other operating activities, net |  |  |  |  |  |  |  |  | (12) | 33 | 84
Net cash provided by operating activities |  |  |  |  |  |  |  |  | 483 | 306 | 215
Investing Activities: |  |  |  |  |  |  |  |  |  |  |
Capital contributions to subsidiaries |  |  |  |  |  |  |  |  | (297) | (60) | (11)
Returns of capital from subsidiaries |  |  |  |  |  |  |  |  | 0 | 4 | 23
Purchases of investments, property and equipment |  |  |  |  |  |  |  |  | (2) | (3) | (5)
Proceeds from maturities and redemptions of investments |  |  |  |  |  |  |  |  | 2 | 3 | 3
Proceeds from sales of businesses |  |  |  |  |  |  |  |  | 3 | 0 | 0
Net cash used in investing activities |  |  |  |  |  |  |  |  | (294) | (56) | 10
Financing Activities: |  |  |  |  |  |  |  |  |  |  |
Additional long-term borrowings |  |  |  |  |  |  |  |  | 634 | 315 | 0
Reductions of long-term debt |  |  |  |  |  |  |  |  | (150) | (150) | 0
Issuances of Common Stock |  |  |  |  |  |  |  |  | 23 | 37 | 34
Repurchases of Common Stock |  |  |  |  |  |  |  |  | (313) | 0 | (6)
Cash dividends paid on Common Stock |  |  |  |  |  |  |  |  | (334) | (444) | (394)
Net cash provided by (used in) financing activities |  |  |  |  |  |  |  |  | (140) | (242) | (366)
Cash and cash equivalents, period increase (decrease) |  |  |  |  |  |  |  |  | 49 | 8 | (141)
Cash and cash equivalents at beginning of year |  |  |  | $ 166 |  |  |  | $ 158 | 166 | 158 | 299
Cash and cash equivalents at end of year | $ 215 |  |  |  | $ 166 |  |  |  | $ 215 | $ 166 | $ 158

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