Company: AFGC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001042046-25-000035
Chunk: 162

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 162
---
 and unallocatedTotalNon-core reclassGAAP TotalThree months ended September 30, 2025Revenues:Net earned premiums$2,013 $— $— $2,013 $— $2,013 Net investment income205 (6)6 205 — 205 Realized gains (losses) on:Securities— — — — 12 12 Subsidiaries— — — — 1 1 Income of MIEs:Investment income— 70 — 70 — 70 Gain (loss) on change in fair value of assets/liabilities— — — — — — Other income6 (3)27 30 — 30 Total revenues2,224 61 33 2,318 13 2,331 Costs and Expenses:Losses and loss adjustment expenses1,355 — — 1,355 — 1,355 Commissions and other underwriting expenses520 — 9 529 — 529 Interest charges on borrowed money— — 19 19 — 19 Expenses of MIEs— 61 — 61 — 61 Other expenses21 — 53 74 25 99 Total costs and expenses1,896 61 81 2,038 25 2,063 Earnings before income taxes328 — (48)280 (12)268 Provision for income taxes64 — (8)56 (3)53 Core Net Operating Earnings264 — (40)224 Non-core earnings (loss) (*):Realized gains (losses) on securities, net of tax— — 10 10 (10)— Realized gain on subsidiaries, net of tax1 — — 1 (1)— Special A&E charge, net of tax— — (20)(20)20 — Net Earnings$265 $— $(50)$215 $— $215 

46

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

OtherP&CConsol. MIEsHolding Co.,