Company: AFGC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001042046-25-000011
Chunk: 171

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 171
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Provision for income taxes:Core operating earnings68 66 236 232 255 Non-core items:Realized gains (losses) on securities(3)6 — (8)(24)Realized loss on subsidiary— — 4 — — Special A&E charges— — (3)(3)— Gain (loss) on retirement of debt— — — — (2)Other— — — — (4)Total provision for income taxes65 72 237 221 225 Net earnings$255 $263 $887 $852 $898 Net earnings:Core net operating earnings$262 $238 $902 $895 $993 Realized gains (losses) on securities(7)25 — (28)(92)Realized loss on subsidiary— — (4)(4)— Special A&E charges— — (11)(12)— Gain (loss) on retirement of debt— — — 1 (7)Other— — — — 4 Net earnings$255 $263 $887 $852 $898 Diluted per share amounts:Core net operating earnings$3.12 $2.84 $10.75 $10.56 $11.63 Realized gains (losses) on securities(0.09)0.29 — (0.33)(1.06)Realized loss on subsidiary— — (0.05)(0.04)— Special A&E charges— — (0.13)(0.15)— Gain (loss) on retirement of debt— — — 0.01 (0.09)Other— — — — 0.05 Net earnings$3.03 $3.13 $10.57 $10.05 $10.53 

Net earnings were $255 million in the fourth quarter of 2024 compared to $263 million in the fourth quarter of 2023 reflecting net realized losses on securities in the fourth quarter of 2024 compared to net realized gains on securities in the fourth quarter of 2023, partially offset by higher core net operating earnings. Core net operating earnings for the fourth quarter of 2024 increased $24 million compared to the fourth quarter of