Company: AFGC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001042046-25-000011
Chunk: 24

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-02-25
Form: 10-K
Item: Item 9C
Chunk 24
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 and casualty insurance:Premiums earned:SpecialtyProperty and transportation$2,793 $2,519 $2,487 Specialty casualty2,967 2,886 2,659 Specialty financial1,032 867 698 Other specialty244 259 241 Total premiums earned7,036 6,531 6,085 Net investment income784 729 683 Other income8 16 12 Total property and casualty insurance7,828 7,276 6,780 Other496 591 376 Total revenues before realized gains (losses)8,324 7,867 7,156 Realized gains (losses) on securities— (36)(116)Realized loss on subsidiary— (4)— Total revenues$8,324 $7,827 $7,040 

F-13

Table of ContentsAMERICAN FINANCIAL GROUP, INC. AND SUBSIDIARIES    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — CONTINUED

202420232022Earnings Before Income TaxesProperty and casualty insurance:Underwriting:SpecialtyProperty and transportation$211 $184 $208 Specialty casualty340 375 500 Specialty financial134 110 114 Other specialty(59)(36)(42)Other lines(6)(2)(4)Total underwriting (a)620 631 776 Investment and other income, net (b)708 673 643 Total property and casualty insurance1,328 1,304 1,419 Other (c)(204)(191)(180)Total earnings before realized gains (losses) and income taxes1,124 1,113 1,239 Realized gains (losses) on securities— (36)(116)Realized loss on subsidiary— (4)— Total earnings before income taxes$1,124 $1,073 $1,123 (a)Significant segment expenses, which are losses and loss adjustment expenses and commissions and other underwriting expenses, are shown in the table below by sub-segment.(b)Includes the amortization of intangibles and other miscellaneous expenses.(c)Includes the expenses of the managed investment entities, interest charges on borrowed money and salaries, depreciation and other general expenses. Additionally, includes a gain on retirement of debt of $1 million in