Company: AFGC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001042046-25-000020
Chunk: 121

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 121
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173 Realized gains on securities— — — — 3 3 Income of MIEs:Investment income— 76 — 76 — 76 Gain (loss) on change in fair value of assets/liabilities— (3)— (3)— (3)Other income3 (3)27 27 — 27 Total revenues1,753 68 32 1,853 3 1,856 Costs and Expenses:Losses and loss adjustment expenses965 — — 965 — 965 Commissions and other underwriting expenses521 — 9 530 — 530 Interest charges on borrowed money— — 19 19 — 19 Expenses of MIEs— 68 — 68 — 68 Other expenses21 — 56 77 — 77 Total costs and expenses1,507 68 84 1,659 — 1,659 Earnings before income taxes246 — (52)194 3 197 Provision for income taxes53 — (11)42 1 43 Core Net Operating Earnings193 — (41)152 Non-core earnings (loss) (*):Realized gains on securities, net of tax— — 2 2 (2)— Net Earnings$193 $— $(39)$154 $— $154 

39

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

OtherP&CConsol. MIEsHolding Co., other and unallocatedTotalNon-core reclassGAAP TotalThree months ended March 31, 2024Revenues:Net earned premiums$1,546 $— $— $1,546 $— $1,546 Net investment income205 (14)7 198 — 198 Realized gains on securities— — — — 14 14 Income of MIEs:Investment income— 99 — 99 — 99 Gain (loss) on change in fair value of assets/liabilities— 10 — 10 — 10 Other income2 (3)40