Company: AFGC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001042046-25-000011
Chunk: 33

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-02-25
Form: 10-K
Item: Item 9C
Chunk 33
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 Mortgage loans643 596 — — 596 Total financial assets not accounted for at fair value$1,868 $1,821 $1,225 $— $596 Long-term debt$1,475 $1,345 $— $1,342 $3 Total financial liabilities not accounted for at fair value$1,475 $1,345 $— $1,342 $3 

E.    Investments

Available for sale fixed maturities at December 31 consisted of the following (in millions):AmortizedCostAllowance for Expected Credit LossesGross UnrealizedNetUnrealizedFairValueGainsLossesDecember 31, 2024Fixed maturities:U.S. Government and government agencies$176 $— $— $(3)$(3)$173 States, municipalities and political subdivisions905 — 3 (49)(46)859 Foreign government236 — 2 (1)1 237 Residential MBS2,122 1 22 (154)(132)1,989 Commercial MBS51 — — — — 51 Collateralized loan obligations1,243 4 10 (12)(2)1,237 Other asset-backed securities2,412 6 19 (69)(50)2,356 Corporate and other3,542 23 42 (65)(23)3,496 Total fixed maturities$10,687 $34 $98 $(353)$(255)$10,398 December 31, 2023Fixed maturities:U.S. Government and government agencies$243 $— $1 $(8)$(7)$236 States, municipalities and political subdivisions1,014 — 8 (38)(30)984 Foreign government236 — 1 (7)(6)230 Residential MBS1,788 1 26 (155)(129)1,658 Commercial MBS75 — — (1)(1)74 Collateralized loan obligations1,709 3 9 (28)(19)1,687 Other asset-backed securities2,477 5 10 (120)(110)2,362 Corporate and other3,210