Company: AFGC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001042046-25-000011
Chunk: 155

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 155
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 (12)Asset managers8 (15)States and municipalities3 (49)Percentage rated investment grade94 %97 %

The table below sets forth the scheduled maturities of AFG’s available for sale fixed maturity securities at December 31, 2024, 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 less1 %7 %After one year through five years26 %25 %After five years through ten years15 %11 %After ten years1 %3 %43 %46 %Collateralized loan obligations and other asset-backed securities (average life of approximately 3 years)42 %30 %Mortgage-backed securities (average life of approximately 6 years)15 %24 %100 %100 %

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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 December 31, 2024Securities with unrealized gains:Exceeding $500,000 (32 securities)$520 $29 106 %$500,000 or less (718 securities)3,599 69 102 %$4,119 $98 102 %Securities with unrealized losses:Exceeding $500,000 (158 securities)$1,857 $(236)89 %$500,000 or less (1,182 securities)4,077 (117)97 %$5,934 $(353)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 December 31, 2024Investment grade fixed maturities with losses for:Less than one year (311 securities)$1,732 $(22)99 %One year or longer (861 securities)4,014 (317)93 %$5