Company: AFGC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001042046-25-000020
Chunk: 79

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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. Actual maturities may differ from contractual maturities because certain securities may be called or prepaid by the issuers.

SecuritiesWithUnrealizedGainsSecuritiesWithUnrealizedLossesMaturityOne year or less2 %10 %After one year through five years27 %20 %After five years through ten years18 %9 %After ten years1 %3 %48 %42 %Collateralized loan obligations and other asset-backed securities (average life of approximately 3 years)33 %35 %Mortgage-backed securities (average life of approximately 6 years)19 %23 %100 %100 %

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Table of ContentsAMERICAN FINANCIAL GROUP, INC. 10-QManagement’s Discussion and Analysis of Financial Condition and Results of Operations — Continued

The table below (dollars in millions) summarizes the unrealized gains and losses on fixed maturity securities by dollar amount:

AggregateFairValueAggregateUnrealizedGain (Loss)FairValue as% of CostFixed Maturities at March 31, 2025Securities with unrealized gains:Exceeding $500,000 (46 securities)$760 $41 106 %$500,000 or less (798 securities)3,955 81 102 %$4,715 $122 103 %Securities with unrealized losses:Exceeding $500,000 (129 securities)$1,538 $(194)89 %$500,000 or less (1,083 securities)3,831 (107)97 %$5,369 $(301)95 %

The following table (dollars in millions) summarizes the unrealized losses for all securities with unrealized losses by issuer quality and the length of time those securities have been in an unrealized loss position:

AggregateFairValueAggregateUnrealizedLossFairValue as% of CostSecurities with Unrealized Losses at March 31, 2025Investment grade fixed maturities with losses for:Less than one year (233 securities)$1,416 $(13)99 %One year or longer (817 securities)3,755 (275)93 %$5,171 $(288)95 %Non-investment grade fixed maturities with losses for:Less than one year (37 securities)$58 $(4)94 %One year or longer (125