Company: AFGC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001042046-25-000011
Chunk: 102

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-02-25
Form: 10-K
Item: Item 12
Chunk 102
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AMERICAN FINANCIAL GROUP, INC. — PARENT ONLYSCHEDULE II — CONDENSED FINANCIAL INFORMATION OF REGISTRANT(In Millions)Condensed Balance Sheet December 31, 20242023Assets:Cash and cash equivalents$283 $268 Investment in securities42 154 Investment in subsidiaries (*)5,681 5,396 Real estate and other investments64 63 Other assets219 189 Total assets$6,289 $6,070 Liabilities and Equity:Long-term debt$1,475 $1,475 Other liabilities348 337 Shareholders’ equity4,466 4,258 Total liabilities and equity$6,289 $6,070 Condensed Statement of EarningsYear ended December 31,202420232022Revenues:Dividends from subsidiaries$841 $903 $879 Equity in undistributed earnings of subsidiaries454 308 405 Investment and other income28 60 28 Total revenues1,323 1,271 1,312 Costs and Expenses:Interest charges on intercompany borrowings8 8 7 Interest charges on other borrowings76 76 85 Other expenses115 114 97 Total costs and expenses199 198 189 Earnings before income taxes1,124 1,073 1,123 Provision for income taxes237 221 225 Net Earnings$887 $852 $898 Condensed Statement of Comprehensive IncomeYear ended December 31,202420232022Net earnings$887 $852 $898 Other comprehensive income (loss), net of tax79 224 (662)Total comprehensive income, net of tax$966 $1,076 $236 ________________________(*)Investment in subsidiaries includes intercompany receivables and payables.

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AMERICAN FINANCIAL GROUP, INC. — PARENT ONLY

SCHEDULE II — CONDENSED FINANCIAL INFORMATION OF REGISTRANT — CONTINUED

(In Millions)

Condensed Statement of Cash FlowsYear ended December 31,202420232022Operating Activities:Net earnings$887 $852 $898 Adjustments:Equity in net earnings of subsidiaries(1,030)(967)(1,030)Dividends from subsidiaries812 896 539 Other operating activities, net43 (62