Company: AFGC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001042046-25-000020
Chunk: 30

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 30
---
5 million shares of Nonvoting Preferred Stock, each without par value.Accumulated Other Comprehensive Income (Loss), Net of Tax (“AOCI”)   Comprehensive income is defined as all changes in shareholders’ equity except those arising from transactions with shareholders. Comprehensive income includes net earnings and other comprehensive income (loss), which consists primarily of changes in net unrealized gains or losses on available for sale fixed maturity securities.

25

Table of ContentsAMERICAN FINANCIAL GROUP, INC. 10-QNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — CONTINUED

The progression of the components of accumulated other comprehensive income (loss) is as follows (in millions):Other Comprehensive Income (Loss)AOCI Beginning BalancePretaxTaxNet of taxAOCI Ending BalanceThree months ended March 31, 2025Net unrealized gains (losses) on securities:Unrealized holding gains (losses) on securities arising during the period$69 $(14)$55 Reclassification adjustment for realized (gains) losses included in net earnings (*)7 (1)6 Total net unrealized gains (losses) on securities$(202)76 (15)61 $(141)Net unrealized gains (losses) on cash flow hedges:Unrealized holding gains (losses) on cash flow hedges arising during the period1 — 1 Reclassification adjustment for investment income included in net earnings (*)3 (1)2 Total net unrealized gains (losses) on cash flow hedges(10)4 (1)3 (7)Foreign currency translation adjustments(30)(3)— (3)(33)Pension and other postretirement plan adjustments2 — — — 2 Total$(240)$77 $(16)$61 $(179)Three months ended March 31, 2024Net unrealized gains (losses) on securities:Unrealized holding gains (losses) on securities arising during the period$6 $(1)$5 Reclassification adjustment for realized (gains) losses included in net earnings (*)5 (1)4 Total net unrealized gains (losses) on securities$(287)11 (2)9 $(278)Net unrealized gains (losses) on cash flow hedges:Unrealized holding gains (losses) on cash flow hedges arising during the period(13)3 (10)