Company: AFGC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001042046-25-000024
Chunk: 91

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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)Other asset-backed securities25 (47)Banking14 (7)Asset managers12 (9)States and municipalities6 (48)Percentage rated investment grade95%96%

37

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

The table below sets forth the scheduled maturities of AFG’s available for sale fixed maturity securities at June 30, 2025, based on their fair values. Securities with sinking funds are reported at average maturity. Actual maturities may differ from contractual maturities because certain securities may be called or prepaid by the issuers.

SecuritiesWithUnrealizedGainsSecuritiesWithUnrealizedLossesMaturityOne year or less2%11%After one year through five years26%20%After five years through ten years17%8%After ten years1%4%46%43%CLOs and other asset-backed securities (average life of approximately 3 years)34%33%Residential mortgage-backed securities (average life of approximately 6 years)20%24%100%100%

The table below (dollars in millions) summarizes the unrealized gains and losses on fixed maturity securities by dollar amount:

AggregateFairValueAggregateUnrealizedGain (Loss)FairValue as% of CostFixed Maturities at June 30, 2025Securities with unrealized gains:Exceeding $500,000 (53 securities)$829 $48 106%$500,000 or less (889 securities)4,595 94 102%$5,424 $142 103%Securities with unrealized losses:Exceeding $500,000 (114 securities)$1,339 $(178)88%$500,000 or less (970 securities)3,280 (92)97%$4,619 $(270)94%

The following table (dollars in millions) summarizes the unrealized losses for all securities with unrealized losses by issuer quality and the length of time those securities have been in an unrealized loss position:

AggregateFairValueAggregateUnrealizedLossFairValue as% of CostSecurities with Unrealized Losses at June 30, 2025Investment grade fixed maturities with losses for:Less than one year (162 securities)$907 $(9)99%One year or longer (766 securities)