Company: AFGC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001042046-25-000024
Chunk: 64

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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 $1,232 $3 December 31, 2024Financial assets:Cash and cash equivalents$1,406 $1,406 $1,406 $— $— Mortgage loans791 754 — — 754 Total financial assets not accounted for at fair value$2,197 $2,160 $1,406 $— $754 Long-term debt$1,475 $1,276 $— $1,273 $3 Total financial liabilities not accounted for at fair value$1,475 $1,276 $— $1,273 $3 

D.    Investments

Available for sale fixed maturities at June 30, 2025 and December 31, 2024, consisted of the following (in millions):AmortizedCostAllowance for Expected Credit LossesGross UnrealizedNetUnrealizedFairValueGainsLossesJune 30, 2025Fixed maturities:U.S. government and government agencies$188 $— $1 $(1)$— $188 States, municipalities and political subdivisions910 — 6 (48)(42)868 Foreign government252 — 3 — 3 255 Residential MBS2,314 1 32 (128)(96)2,217 Collateralized loan obligations1,094 4 6 (8)(2)1,088 Other asset-backed securities2,433 5 25 (47)(22)2,406 Corporate and other3,441 5 69 (38)31 3,467 Total fixed maturities$10,632 $15 $142 $(270)$(128)$10,489 December 31, 2024Fixed maturities:U.S. government and government agencies$176 $— $— $(3)$(3)$173 States, municipalities and political subdivisions905 — 3 (49)(46)859 Foreign government236 — 2 (1)1 237 Residential MBS2,122 1 22 (154)(132)1,989 Collateralized loan obligations1,243 4