Company: AFGC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001042046-25-000020
Chunk: 118

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 118
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Consol. (a)ManagedInvestmentEntitiesConsol.EntriesConsolidatedAs ReportedThree months ended March 31, 2025Revenues:Net earned premiums$1,580 $— $— $1,580 Net investment income175 — (2)(b)173 Realized gains on securities3 — — 3 Income of managed investment entities:Investment income— 76 — 76 Gain (loss) on change in fair value of assets/liabilities— 5 (8)(b)(3)Other income30 — (3)(c)27 Total revenues1,788 81 (13)1,856 Costs and Expenses:Insurance benefits and expenses1,495 — — 1,495 Expenses of managed investment entities— 79 (11)(b)(c)68 Interest charges on borrowed money and other expenses96 — — 96 Total costs and expenses1,591 79 (11)1,659 Earnings before income taxes197 2 (2)197 Provision for income taxes43 — — 43 Net earnings$154 $2 $(2)$154 Three months ended March 31, 2024Revenues:Net earned premiums$1,546 $— $— $1,546 Net investment income212 — (14)(b)198 Realized gains on securities14 — — 14 Income of managed investment entities:Investment income— 99 — 99 Gain (loss) on change in fair value of assets/liabilities— 6 4 (b)10 Other income42 — (3)(c)39 Total revenues1,814 105 (13)1,906 Costs and Expenses:Insurance benefits and expenses1,415 — — 1,415 Expenses of managed investment entities— 104 (12)(b)(c)92 Interest charges on borrowed money and other expenses95 — — 95 Total costs and expenses1,510 104 (12)1,602 Earnings before income taxes304 1