Company: AFGC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001042046-25-000020
Chunk: 3

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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Other benefit plans15,804 2 — — 2 Dividend reinvestment plan8,253 1 — — 1 Stock-based compensation expense— 4 — — 4 Shares acquired and retired— — — — — Shares exchanged — benefit plans(47,870)(1)(5)— (6)Forfeitures of restricted stock(5,172)— — — — Balance at March 31, 202483,857,354 $1,466 $3,089 $(315)$4,240 

5

Table of ContentsAMERICAN FINANCIAL GROUP, INC. 10-Q

AMERICAN FINANCIAL GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)

(In Millions)

Three months ended March 31,20252024Operating Activities:Net earnings$154 $242 Adjustments:Depreciation and amortization22 20 Realized (gains) losses on investing activities(2)(14)Net purchases of trading securities7 — Change in:Reinsurance and other receivables349 (71)Other assets24 57 Insurance claims and reserves(83)162 Payable to reinsurers(163)(108)Other liabilities(15)(42)Managed investment entities’ assets/liabilities42 (124)Other operating activities, net7 (15)Net cash provided by operating activities342 107 Investing Activities:Purchases of:Fixed maturities(529)(408)Equity securities(11)(42)Mortgage loans(61)(89)Other investments(65)(27)Real estate, property and equipment(25)(38)Proceeds from:Maturities and redemptions of fixed maturities441 378 Repayments of mortgage loans24 8 Sales of fixed maturities15 75 Sales of equity securities5 56 Sales of other investments12 5 Managed investment entities:Purchases of investments(500)(605)Proceeds from sales and redemptions of investments718 532 Other investing activities, net(1)— Net cash provided by (used in) investing activities23 (155)Financing Activities:Issuances of Common Stock3 6 Repurchases of Common Stock(58)—