Company: AFGC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001042046-25-000020
Chunk: 117

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 117
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 unearned premiums$17,680 $— $— $17,680 Liabilities of managed investment entities— 3,848 (122)(*)3,726 Long-term debt and other liabilities4,496 — — 4,496 Total liabilities22,176 3,848 (122)25,902 Shareholders’ equity:Common Stock and Capital surplus1,493 — — 1,493 Retained earnings3,078 — — 3,078 Accumulated other comprehensive income (loss), net of tax(179)— — (179)Total shareholders’ equity4,392 — — 4,392 Total liabilities and shareholders’ equity$26,568 $3,848 $(122)$30,294 December 31, 2024Assets:Cash and investments$16,026 $— $(174)(*)$15,852 Assets of managed investment entities— 4,140 — 4,140 Other assets10,845 — (1)(*)10,844 Total assets$26,871 $4,140 $(175)$30,836 Liabilities:Unpaid losses and loss adjustment expenses and unearned premiums$17,763 $— $— $17,763 Liabilities of managed investment entities— 4,091 (126)(*)3,965 Long-term debt and other liabilities4,642 — — 4,642 Total liabilities22,405 4,091 (126)26,370 Shareholders’ equity:Common Stock and Capital surplus1,495 49 (49)1,495 Retained earnings3,211 — — 3,211 Accumulated other comprehensive income (loss), net of tax(240)— — (240)Total shareholders’ equity4,466 49 (49)4,466 Total liabilities and shareholders’ equity$26,871 $4,140 $(175)$30,836 

(*)Elimination of the fair value of AFG’s investment in CLOs and related accrued interest.

36

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 CLO