Company: AFGC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001042046-25-000024
Chunk: 170

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 170
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 Earnings before income taxes519 — (98)421 5 426 Provision for income taxes108 — (18)90 8 98 Core Net Operating Earnings411 — (80)331 Non-core earnings (loss) (*):Realized gains (losses) on securities, net of tax— — 4 4 (4)— Other— — (7)(7)7 — Net Earnings$411 $— $(83)$328 $— $328 

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Table of ContentsAMERICAN FINANCIAL GROUP, INC. 10-QManagement’s Discussion and Analysis of Financial Condition and Results of Operations — Continued

OtherP&CConsol. MIEsHolding Co., other and unallocatedTotalNon-core reclassGAAP TotalSix months ended June 30, 2024Revenues:Net earned premiums$3,131 $— $— $3,131 $— $3,131 Net investment income394 (23)15 386 — 386 Realized gains (losses) on securities— — — — 12 12 Income of MIEs:Investment income— 197 — 197 — 197 Gain (loss) on change in fair value of assets/liabilities— 14 — 14 — 14 Other income4 (6)68 66 — 66 Total revenues3,529 182 83 3,794 12 3,806 Costs and Expenses:Losses and loss adjustment expenses1,844 — 5 1,849 — 1,849 Commissions and other underwriting expenses984 — 25 1,009 — 1,009 Interest charges on borrowed money— — 38 38 — 38 Expenses of MIEs— 182 — 182 — 182 Other expenses42 — 111 153 — 153 Total costs and expenses2,870 182 179 3,231 — 3,231 Earnings before income taxes659 — (96)563 12 575 Provision for income taxes137 — (20)117 7 124