Company: AFGC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001042046-25-000020
Chunk: 81

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 “Accounting Policies — Managed Investment Entities” and Note F — “Managed Investment Entities” to the financial statements. The effect of consolidating these entities is shown in the tables below (in millions). The “Before CLO Consolidation” columns include AFG’s investment and earnings in the CLOs on an unconsolidated basis.

CONDENSED CONSOLIDATING BALANCE SHEET

Before CLOConsolidationManagedInvestmentEntitiesConsol.EntriesConsolidatedAs ReportedMarch 31, 2025Assets:Cash and investments$16,116 $— $(122)(*)$15,994 Assets of managed investment entities— 3,848 — 3,848 Other assets10,452 — — (*)10,452 Total assets$26,568 $3,848 $(122)$30,294 Liabilities:Unpaid losses and loss adjustment expenses and unearned premiums$17,680 $— $— $17,680 Liabilities of managed investment entities— 3,848 (122)(*)3,726 Long-term debt and other liabilities4,496 — — 4,496 Total liabilities22,176 3,848 (122)25,902 Shareholders’ equity:Common Stock and Capital surplus1,493 — — 1,493 Retained earnings3,078 — — 3,078 Accumulated other comprehensive income (loss), net of tax(179)— — (179)Total shareholders’ equity4,392 — — 4,392 Total liabilities and shareholders’ equity$26,568 $3,848 $(122)$30,294 December 31, 2024Assets:Cash and investments$16,026 $— $(174)(*)$15,852 Assets of managed investment entities— 4,140 — 4,140 Other assets10,845 — (1)(*)10,844 Total assets$26,871 $4,140 $(175)$30,836 Liabilities:Unpaid losses and loss adjustment expenses and unearned premiums$17,763 $— $— $17,763 Liabilities of managed investment entities— 4,091 (126)(*)3,965 Long-term debt and