Company: AFGC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001042046-25-000011
Chunk: 166

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 166
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965 Long-term debt and other liabilities4,642 — — 4,642 Total liabilities22,405 4,091 (126)26,370 Shareholders’ equity:Common Stock and Capital surplus1,495 49 (49)1,495 Retained earnings3,211 — — 3,211 Accumulated other comprehensive income (loss), net of tax(240)— — (240)Total shareholders’ equity4,466 49 (49)4,466 Total liabilities and shareholders’ equity$26,871 $4,140 $(175)$30,836 December 31, 2023Assets:Cash and investments$15,438 $— $(175)(*)$15,263 Assets of managed investment entities— 4,484 — 4,484 Other assets10,042 — (2)(*)10,040 Total assets$25,480 $4,484 $(177)$29,787 Liabilities:Unpaid losses and loss adjustment expenses and unearned premiums$16,538 $— $— $16,538 Liabilities of managed investment entities— 4,446 (139)(*)4,307 Long-term debt and other liabilities4,684 — — 4,684 Total liabilities21,222 4,446 (139)25,529 Shareholders’ equity:Common Stock and Capital surplus1,456 38 (38)1,456 Retained earnings3,121 — — 3,121 Accumulated other comprehensive income (loss), net of tax(319)— — (319)Total shareholders’ equity4,258 38 (38)4,258 Total liabilities and shareholders’ equity$25,480 $4,484 $(177)$29,787 

(*)Elimination of the fair value of AFG’s investment in CLOs and related accrued interest.

44

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS

Before CLOConsolidation (a)ManagedInvestmentEntitiesConsol.EntriesConsolidatedAs ReportedThree months ended December 31, 2024Revenues:Net earned premiums$1,850 $— $— $1,850 Net investment income202 — (8)(