Company: AFGC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001042046-25-000011
Chunk: 13

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-02-25
Form: 10-K
Item: Item 9C
Chunk 13
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 79 Dividends ($9.43 per share)— — (791)— (791)Shares issued:Exercise of stock options127,719 6 — — 6 Restricted stock awards157,681 — — — — Other benefit plans100,716 13 — — 13 Dividend reinvestment plan22,740 3 — — 3 Stock-based compensation expense— 18 — — 18 Shares exchanged — benefit plans(53,573)(1)(6)— (7)Forfeitures of restricted stock(12,832)— — — — Balance at December 31, 202483,978,258 $1,495 $3,211 $(240)$4,466 

See notes to consolidated financial statements.

F-6

AMERICAN FINANCIAL GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF CASH FLOWS

(In Millions)

Year ended December 31,202420232022Operating Activities:Net earnings$887 $852 $898 Adjustments:Depreciation and amortization81 78 100 Realized gains (losses) on investing activities— 38 110 Net purchases of trading securities(26)(5)(2)Change in:Reinsurance and other receivables(769)(794)(644)Other assets10 (19)(138)Insurance claims and reserves1,225 1,318 1,105 Payable to reinsurers5 151 115 Other liabilities(153)72 (69)Managed investment entities’ assets/liabilities(80)305 (183)Other operating activities, net(28)(26)(139)Net cash provided by operating activities1,152 1,970 1,153 Investing Activities:Purchases of:Fixed maturities(2,136)(2,005)(4,387)Equity securities(187)(146)(239)Mortgage loans(191)— (273)Other investments(247)(150)(141)Real estate, property and equipment(133)(72)(86)Businesses(9)(234)(10)Proceeds from:Maturities and redemptions of fixed maturities2,145 1,310 2,511 Repayments of mortgage loans41 34