Company: AFGC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001042046-25-000020
Chunk: 21

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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31, 2025 and December 31, 2024.The earnings (losses) from these investments are generally reported on a quarter lag due to the timing required to obtain the necessary information from the funds. AFG regularly reviews and discusses fund performance with the fund managers to corroborate the reasonableness of the underlying reported asset values and to assess whether any events have occurred within the lag period that may materially affect the valuation of these investments.With respect to partnerships and similar investments, AFG had unfunded commitments of $481 million and $457 million as of March 31, 2025 and December 31, 2024, respectively.

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Table of ContentsAMERICAN FINANCIAL GROUP, INC. 10-QNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — CONTINUED

The following table shows gross unrealized losses (dollars in millions) on available for sale fixed maturities by investment category and length of time that individual securities have been in a continuous unrealized loss position at the following balance sheet dates.Less Than Twelve MonthsTwelve Months or MoreUnrealizedLossFairValueFair Value as% of CostUnrealizedLossFairValueFair Value as% of CostMarch 31, 2025Fixed maturities:U.S. government and government agencies$— $20 100 %$(3)$90 97 %States, municipalities and political subdivisions(5)158 97 %(46)479 91 %Foreign government— 2 100 %— 51 100 %Residential MBS(2)285 99 %(131)920 88 %Commercial MBS— 9 100 %— 8 100 %Collateralized loan obligations(1)292 100 %(10)243 96 %Other asset-backed securities(3)323 99 %(52)1,034 95 %Corporate and other(6)385 98 %(42)1,070 96 %Total fixed maturities$(17)$1,474 99 %$(284)$3,895 93 %December 31, 2024Fixed maturities:U.S. government and government agencies$— $35 100 %$(3)$105 97 %States, municip