Company: AFGC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001042046-25-000020
Chunk: 4

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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Cash dividends paid on Common Stock(233)(268)Issuances of managed investment entities’ liabilities764 635 Retirements of managed investment entities’ liabilities(971)(463)Net cash used in financing activities(495)(90)Net Change in Cash and Cash Equivalents(130)(138)Cash and cash equivalents at beginning of period1,406 1,225 Cash and cash equivalents at end of period$1,276 $1,087 

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Table of ContentsAMERICAN FINANCIAL GROUP, INC. 10-QNOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

INDEX TO NOTESA.Accounting PoliciesG.Goodwill and Other IntangiblesB.Segments of OperationsH.Long-Term DebtC.Fair Value MeasurementsI.Shareholders’ EquityD.InvestmentsJ.Income TaxesE.DerivativesK.ContingenciesF.Managed Investment EntitiesL.Insurance

A.    Accounting Policies

Basis of Presentation   The accompanying consolidated financial statements for American Financial Group, Inc. and its subsidiaries (“AFG”) are unaudited; however, management believes that all adjustments (consisting only of normal recurring accruals unless otherwise disclosed herein) necessary for fair presentation have been made. The results of operations for interim periods are not necessarily indicative of results to be expected for the year. The financial statements have been prepared in accordance with the instructions to Form 10-Q and, therefore, do not include all information and footnotes necessary to be in conformity with U.S. generally accepted accounting principles (“GAAP”).Certain reclassifications have been made to prior periods 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 are included in the consolidated financial statements. Events or transactions occurring subsequent to March 31, 2025, and prior to the filing of this Form 10-Q, have been evaluated for potential recognition or disclosure herein.The preparation of the financial statements requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Changes in circumstances could cause actual results to differ materially from those estimates.Fair Value Measurements   Accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants on