Company: AFGC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001042046-25-000011
Chunk: 14

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-02-25
Form: 10-K
Item: Item 9C
Chunk 14
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 118 Sales of fixed maturities124 650 1,294 Sales of equity securities179 164 174 Sales of other investments107 78 141 Sales of real estate, property and equipment30 3 31 Cash and cash equivalents of businesses acquired— 26 — Managed investment entities:Purchases of investments(1,880)(1,466)(1,515)Proceeds from sales and redemptions of investments2,257 2,228 1,335 Other investing activities, net(5)(6)(4)Net cash provided by (used in) investing activities95 414 (1,051)Financing Activities:Reductions of long-term debt— (21)(477)Issuances of Common Stock17 15 16 Repurchases of Common Stock— (213)(11)Cash dividends paid on Common Stock(788)(684)(1,213)Issuances of managed investment entities’ liabilities2,336 670 1,206 Retirements of managed investment entities’ liabilities(2,631)(1,798)(882)Net cash used in financing activities(1,066)(2,031)(1,361)Net Change in Cash and Cash Equivalents181 353 (1,259)Cash and cash equivalents at beginning of year1,225 872 2,131 Cash and cash equivalents at end of year$1,406 $1,225 $872 

See notes to consolidated financial statements.

F-7

Table of ContentsAMERICAN FINANCIAL GROUP, INC. AND SUBSIDIARIES     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

INDEX TO NOTESA.Accounting PoliciesI.Long-Term DebtB.Acquisitions of BusinessesJ.LeasesC.Segments of OperationsK.Shareholders’ EquityD.Fair Value MeasurementsL.Income TaxesE.InvestmentsM.ContingenciesF.DerivativesN.InsuranceG.Managed Investment EntitiesO.Additional InformationH.Goodwill and Other Intangibles

A.    Accounting Policies

Basis of Presentation   The consolidated financial statements include the accounts of American Financial Group, Inc. and its subsidiaries (“AFG”). Certain reclassifications have been made to prior years to conform to the current year’s presentation. All significant intercompany balances and transactions have been eliminated. The results of operations of companies since their formation or acquisition