Company: AFGC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001042046-25-000020
Chunk: 82

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 82
---
 other liabilities4,642 — — 4,642 Total liabilities22,405 4,091 (126)26,370 Shareholders’ equity:Common Stock and Capital surplus1,495 49 (49)1,495 Retained earnings3,211 — — 3,211 Accumulated other comprehensive income (loss), net of tax(240)— — (240)Total shareholders’ equity4,466 49 (49)4,466 Total liabilities and shareholders’ equity$26,871 $4,140 $(175)$30,836 

(*)Elimination of the fair value of AFG’s investment in CLOs and related accrued interest.

36

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

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS

Before CLOConsol. (a)ManagedInvestmentEntitiesConsol.EntriesConsolidatedAs ReportedThree months ended March 31, 2025Revenues:Net earned premiums$1,580 $— $— $1,580 Net investment income175 — (2)(b)173 Realized gains on securities3 — — 3 Income of managed investment entities:Investment income— 76 — 76 Gain (loss) on change in fair value of assets/liabilities— 5 (8)(b)(3)Other income30 — (3)(c)27 Total revenues1,788 81 (13)1,856 Costs and Expenses:Insurance benefits and expenses1,495 — — 1,495 Expenses of managed investment entities— 79 (11)(b)(c)68 Interest charges on borrowed money and other expenses96 — — 96 Total costs and expenses1,591 79 (11)1,659 Earnings before income taxes197 2 (2)197 Provision for income taxes43 — — 43 Net earnings$154 $2 $(2)$154 Three months ended March 31, 2024Revenues:Net earned premiums$1,546 $— $— $