Company: AFGC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001042046-25-000035
Chunk: 1

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 shareholders’ equity4,730 4,466 Total liabilities and shareholders’ equity$33,834 $30,836 

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Table of ContentsAMERICAN FINANCIAL GROUP, INC. 10-Q

AMERICAN FINANCIAL GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF EARNINGS (UNAUDITED)

(In Millions, Except Per Share Data)

Three months ended September 30,Nine months ended September 30,2025202420252024Revenues:Net earned premiums$2,013 $2,055 $5,240 $5,186 Net investment income205 200 562 586 Realized gains (losses) on:Securities12 (2)17 10 Subsidiaries1 — 1 — Income of managed investment entities:Investment income70 99 214 296 Gain (loss) on change in fair value of assets/liabilities— (9)(7)5 Other income30 26 84 92 Total revenues2,331 2,369 6,111 6,175 Costs and Expenses:Losses and loss adjustment expenses1,355 1,430 3,327 3,279 Commissions and other underwriting expenses529 518 1,593 1,527 Interest charges on borrowed money19 19 57 57 Expenses of managed investment entities61 85 189 267 Other expenses99 88 251 241 Total costs and expenses2,063 2,140 5,417 5,371 Earnings before income taxes268 229 694 804 Provision for income taxes53 48 151 172 Net Earnings$215 $181 $543 $632 Earnings per Common Share:Total basic earnings$2.58 $2.16 $6.50 $7.54 Total diluted earnings$2.58 $2.16 $6.50 $7.54 Average number of Common Shares:Basic83.4 83.9 83.6 83.8 Diluted83.4 83.9 83.6 83.9 

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