Company: AFGC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001042046-25-000024
Chunk: 59

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 59
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 — derivatives— 6 — 6 Total assets accounted for at fair value$1,011 $13,137 $1,062 $15,210 Liabilities:Contingent consideration — acquisitions$— $— $1 $1 Liabilities of managed investment entities346 3,328 11 3,685 Other liabilities — derivatives— 7 — 7 Total liabilities accounted for at fair value$346 $3,335 $12 $3,693 December 31, 2024Assets:Available for sale fixed maturities:U.S. government and government agencies$173 $— $— $173 States, municipalities and political subdivisions— 858 1 859 Foreign government— 237 — 237 Residential MBS— 1,988 1 1,989 Collateralized loan obligations— 1,237 — 1,237 Other asset-backed securities— 2,111 296 2,407 Corporate and other12 3,014 470 3,496 Total AFS fixed maturities185 9,445 768 10,398 Trading fixed maturities— 50 26 76 Equity securities419 40 292 751 Assets of managed investment entities419 3,711 10 4,140 Other assets — derivatives— 1 — 1 Total assets accounted for at fair value$1,023 $13,247 $1,096 $15,366 Liabilities:Contingent consideration — acquisitions$— $— $2 $2 Liabilities of managed investment entities402 3,553 10 3,965 Other liabilities — derivatives— 18 — 18 Total liabilities accounted for at fair value$402 $3,571 $12 $3,985 Approximately 7% of the total assets carried at fair value at June 30, 2025, were Level 3 assets. Internally developed prices for fixed maturities are estimated using a variety of inputs, including appropriate credit spreads over the treasury yield (of a similar duration), trade information and prices of comparable securities and other security specific features