Company: AFGC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001042046-25-000011
Chunk: 44

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-02-25
Form: 10-K
Item: Item 9C
Chunk 44
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ATED FINANCIAL STATEMENTS — CONTINUED

I.    Long-Term Debt

Long-term debt consisted of the following at December 31 (in millions):20242023PrincipalDiscount and Issue CostsCarrying ValuePrincipalDiscount and Issue CostsCarrying ValueDirect Senior Obligations of AFG:4.50% Senior Notes due June 2047$567 $(1)$566 $567 $(1)$566 5.25% Senior Notes due April 2030253 (4)249 253 (4)249 Other3 — 3 3 — 3 823 (5)818 823 (5)818 Direct Subordinated Obligations of AFG:4.50% Subordinated Debentures due September 2060200 (5)195 200 (5)195 5.125% Subordinated Debentures due December 2059200 (5)195 200 (5)195 5.625% Subordinated Debentures due June 2060150 (4)146 150 (4)146 5.875% Subordinated Debentures due March 2059125 (4)121 125 (4)121 675 (18)657 675 (18)657 $1,498 $(23)$1,475 $1,498 $(23)$1,475 At December 31, 2024, there are no scheduled principal payments on debt for the subsequent five years.During 2023, AFG repurchased $15 million principal amount of its 4.50% Senior Notes due in June 2047 for $13 million and $8 million principal amount of its 5.25% Senior Notes due in April 2030 for $8 million in open market transactions.During 2022, AFG repurchased $49 million principal amount of its 3.50% Senior Notes due in August 2026 for $51 million, $8 million principal amount of its 4.50% Senior Notes due in June 2047 for $6 million and $39 million principal amount of its 5.25% Senior Notes due in April 2030 for $38 million in open market transactions. In June 2022, AFG redeemed the remaining $376 million of outstanding 3.50% Senior Notes