Company: AFGC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001042046-25-000035
Chunk: 27

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 27
---
 for expected credit losses on available for sale fixed maturity securities is shown below (in millions):StructuredSecurities (*)Corporate and OtherTotalBalance at June 30, 2025$10 $5 $15 Provision for expected credit losses on securities with no previous allowance— — — Additions to previously recognized expected credit losses1 — 1 Reductions due to sales or redemptions— — — Balance at September 30, 2025$11 $5 $16 Balance at June 30, 2024$10 $— $10 Provision for expected credit losses on securities with no previous allowance— 15 15 Additions to previously recognized expected credit losses— — — Reductions due to sales or redemptions— — — Balance at September 30, 2024$10 $15 $25 Balance at December 31, 2024$11 $23 $34 Provision for expected credit losses on securities with no previous allowance— 3 3 Additions to previously recognized expected credit losses— 5 5 Reductions due to sales or redemptions— (26)(26)Balance at September 30, 2025$11 $5 $16 Balance at December 31, 2023$9 $3 $12 Provision for expected credit losses on securities with no previous allowance1 15 16 Additions to previously recognized expected credit losses1 — 1 Reductions due to sales or redemptions(1)(3)(4)Balance at September 30, 2024$10 $15 $25 (*)Includes residential MBS, CLOs and other asset-backed securities (“ABS”).In the first nine months of 2025 and 2024, AFG did not purchase any securities with expected credit losses.The table below sets forth the scheduled maturities of AFG’s available for sale fixed maturities as of September 30, 2025 (dollars in millions). 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.AmortizedFair ValueCost, net (*)Amount%MaturityOne year or less$759 $751 7%After one year through five years2,349 2,369