Company: AFGC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001042046-25-000020
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Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
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ITEM 1. — FINANCIAL STATEMENTS

AMERICAN FINANCIAL GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEET (UNAUDITED)

(Dollars in Millions)

March 31,2025December 31,2024Assets:Cash and cash equivalents$1,276 $1,406 Investments:Fixed maturities, available for sale at fair value (amortized cost — $10,788 and $10,687; allowance for expected credit losses of $41 and $34)10,568 10,398 Fixed maturities, trading at fair value71 76 Equity securities, at fair value770 751 Investments accounted for using the equity method2,326 2,277 Mortgage loans827 791 Real estate and other investments156 153 Total cash and investments15,994 15,852 Recoverables from reinsurers4,945 5,176 Prepaid reinsurance premiums1,105 1,013 Agents’ balances and premiums receivable1,589 1,532 Deferred policy acquisition costs316 320 Assets of managed investment entities3,848 4,140 Other receivables855 1,123 Other assets1,337 1,375 Goodwill305 305 Total assets$30,294 $30,836 Liabilities and Equity:Unpaid losses and loss adjustment expenses$13,970 $14,179 Unearned premiums3,710 3,584 Payable to reinsurers1,028 1,191 Liabilities of managed investment entities3,726 3,965 Long-term debt1,476 1,475 Other liabilities1,992 1,976 Total liabilities25,902 26,370 Shareholders’ equity:Common Stock, no par value       — 200,000,000 shares authorized       — 83,668,453 and 83,978,258 shares outstanding84 84 Capital surplus1,409 1,411 Retained earnings3,078 3,211 Accumulated other comprehensive income (loss), net of tax(179)(240)Total share