Company: AFGC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001042046-25-000035
Chunk: 84

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 84
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INUED

Recoverables from Reinsurers and Premiums Receivable   Progressions of the 2025 and 2024 allowance for expected credit losses on recoverables from reinsurers and premiums receivable are shown below (in millions):Recoverables from ReinsurersPremiums Receivable2025202420252024Balance at June 30$9 $10 $19 $18 Provision (credit) for expected credit losses— — 1 1 Write-offs charged against the allowance— — — — Balance at September 30$9 $10 $20 $19 Balance at December 31$11 $10 $19 $15 Provision (credit) for expected credit losses(2)— 1 5 Write-offs charged against the allowance— — — (1)Balance at September 30$9 $10 $20 $19 

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Table of ContentsAMERICAN FINANCIAL GROUP, INC. 10-Q

ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

INDEX TO MD&APagePageForward-Looking Statements33Results of Operations44Overview34General44Critical Accounting Policies34Results of Operations — Third Quarter46Liquidity and Capital Resources35Segmented Statement of Earnings46Ratios35Property and Casualty Insurance47Condensed Consolidated Cash Flows35Holding Company, Other and Unallocated56Parent and Subsidiary Liquidity36Results of Operations — First Nine Months59Investments37Segmented Statement of Earnings59Uncertainties40Property and Casualty Insurance60Managed Investment Entities41Holding Company, Other and Unallocated68Recent Accounting Standards70

FORWARD-LOOKING STATEMENTS

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. Some of the forward-looking statements can be identified by the use of words such as “anticipates”, “believes”, “expects”, “projects”, “estimates”, “intends”, “plans”, “seeks”, “could”, “may”, “should”, “will” or the negative version of those words or other comparable terminology. Such forward-looking statements include statements relating to: expectations concerning market and other conditions and their effect on future premiums, revenues, earnings, investment activities and the amount and timing of share repurchases and special dividends; recoverability of asset values; expected losses and the