Company: AFGC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001042046-25-000020
Chunk: 1

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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holders’ equity4,392 4,466 Total liabilities and shareholders’ equity$30,294 $30,836 

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Table of ContentsAMERICAN FINANCIAL GROUP, INC. 10-Q

AMERICAN FINANCIAL GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF EARNINGS (UNAUDITED)

(In Millions, Except Per Share Data)

Three months ended March 31,20252024Revenues:Net earned premiums$1,580 $1,546 Net investment income173 198 Realized gains on securities3 14 Income of managed investment entities:Investment income76 99 Gain (loss) on change in fair value of assets/liabilities(3)10 Other income27 39 Total revenues1,856 1,906 Costs and Expenses:Losses and loss adjustment expenses965 912 Commissions and other underwriting expenses530 503 Interest charges on borrowed money19 19 Expenses of managed investment entities68 92 Other expenses77 76 Total costs and expenses1,659 1,602 Earnings before income taxes197 304 Provision for income taxes43 62 Net Earnings$154 $242 Earnings per Common Share:Total basic earnings$1.84 $2.89 Total diluted earnings$1.84 $2.89 Average number of Common Shares:Basic83.8 83.7 Diluted83.8 83.8 

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Table of ContentsAMERICAN FINANCIAL GROUP, INC. 10-Q

AMERICAN FINANCIAL GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)

(In Millions)

Three months ended March 31,20252024Net earnings$154 $242 Other comprehensive income, net of tax:Net unrealized gains (losses) on securities:Unrealized holding gains (losses) on securities arising during the period55 5 Reclassification adjustment for realized (gains) losses included in net earnings6 4 Total net unrealized gains (losses) on securities61 9 Net unrealized gains (losses) on cash flow hedges:Unrealized holding gains (losses