Company: AFGC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001042046-25-000035
Chunk: 98

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 98
---
Table of ContentsAMERICAN FINANCIAL GROUP, INC. 10-QManagement’s Discussion and Analysis of Financial Condition and Results of Operations — Continued

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS

Before CLOConsol. (a)ManagedInvestmentEntitiesConsol.EntriesConsolidatedAs ReportedThree months ended September 30, 2025Revenues:Net earned premiums$2,013 $— $— $2,013 Net investment income211 — (6)(b)205 Realized gains (losses) on:Securities12 — — 12 Subsidiaries1 — — 1 Income of managed investment entities:Investment income— 70 — 70 Gain (loss) on change in fair value of assets/liabilities— 3 (3)(b)— Other income33 — (3)(c)30 Total revenues2,270 73 (12)2,331 Costs and Expenses:Insurance benefits and expenses1,884 — — 1,884 Expenses of managed investment entities— 72 (11)(b)(c)61 Interest charges on borrowed money and other expenses118 — — 118 Total costs and expenses2,002 72 (11)2,063 Earnings before income taxes268 1 (1)268 Provision for income taxes53 — — 53 Net earnings$215 $1 $(1)$215 Three months ended September 30, 2024Revenues:Net earned premiums$2,055 $— $— $2,055 Net investment income202 — (2)(b)200 Realized gains (losses) on securities(2)— — (2)Income of managed investment entities:Investment income— 99 — 99 Gain (loss) on change in fair value of assets/liabilities— (4)(5)(b)(9)Other income29 — (3)(c)26 Total revenues2,284 95 (10)2,369 Costs and Expenses:Insurance benefits and expenses1,948 — — 1,948 Expenses