Company: AFGC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001042046-25-000020
Chunk: 19

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 $1,276 $— $— Mortgage loans827 790 — — 790 Total financial assets not accounted for at fair value$2,103 $2,066 $1,276 $— $790 Long-term debt$1,476 $1,264 $— $1,261 $3 Total financial liabilities not accounted for at fair value$1,476 $1,264 $— $1,261 $3 December 31, 2024Financial assets:Cash and cash equivalents$1,406 $1,406 $1,406 $— $— Mortgage loans791 754 — — 754 Total financial assets not accounted for at fair value$2,197 $2,160 $1,406 $— $754 Long-term debt$1,475 $1,276 $— $1,273 $3 Total financial liabilities not accounted for at fair value$1,475 $1,276 $— $1,273 $3 

D.    Investments

Available for sale fixed maturities at March 31, 2025 and December 31, 2024, consisted of the following (in millions):AmortizedCostAllowance for Expected Credit LossesGross UnrealizedNetUnrealizedFairValueGainsLossesMarch 31, 2025Fixed maturities:U.S. government and government agencies$182 $— $1 $(3)$(2)$180 States, municipalities and political subdivisions921 — 5 (51)(46)875 Foreign government237 — 4 — 4 241 Residential MBS2,223 1 29 (133)(104)2,118 Commercial MBS41 — — — — 41 Collateralized loan obligations1,250 4 6 (11)(5)1,241 Other asset-backed securities2,420 6 22 (55)(33)2,381 Corporate and other3,514 30 55 (48)7 3,491 Total fixed maturities$10,788 $41 $122 $(301)$(179)$10