Company: AFGC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001042046-25-000011
Chunk: 167

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 167
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b)194 Realized gains (losses) on securities(10)— — (10)Income of managed investment entities:Investment income— 84 — 84 Gain (loss) on change in fair value of assets/liabilities— 3 (4)(b)(1)Other income36 — (4)(c)32 Total revenues2,078 87 (16)2,149 Costs and Expenses:Insurance benefits and expenses1,661 — — 1,661 Expenses of managed investment entities— 87 (16)(b)(c) 71 Interest charges on borrowed money and other expenses97 — — 97 Total costs and expenses1,758 87 (16)1,829 Earnings before income taxes320 — — 320 Provision for income taxes65 — — 65 Net earnings$255 $— $— $255 Three months ended December 31, 2023Revenues:Net earned premiums$1,732 $— $— $1,732 Net investment income168 — (9)(b)159 Realized gains (losses) on securities31 — — 31 Income of managed investment entities:Investment income— 100 — 100 Gain (loss) on change in fair value of assets/liabilities— 17 (2)(b)15 Other income50 — (4)(c)46 Total revenues1,981 117 (15)2,083 Costs and Expenses:Insurance benefits and expenses1,549 — — 1,549 Expenses of managed investment entities— 117 (15)(b)(c) 102 Interest charges on borrowed money and other expenses97 — — 97 Total costs and expenses1,646 117 (15)1,748 Earnings before income taxes335 — — 335 Provision for income taxes72 — — 72 Net earnings$263 $— $— $263 

(a)Includes income of $8 million in the fourth quarter of 2024 and $9 million in the fourth quarter of 2023, representing the change in fair value of AFG