Company: AFGC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001042046-25-000011
Chunk: 11

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-02-25
Form: 10-K
Item: Item 9C
Chunk 11
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 underwriting expenses2,007 1,935 1,718 Interest charges on borrowed money76 76 85 Expenses of managed investment entities338 405 230 Other expenses319 305 255 Total costs and expenses7,200 6,754 5,917 Earnings before income taxes1,124 1,073 1,123 Provision for income taxes237 221 225 Net Earnings$887 $852 $898 Earnings per Common Share:Total basic earnings$10.57 $10.06 $10.55 Total diluted earnings$10.57 $10.05 $10.53 Average number of Common Shares:Basic83.9 84.7 85.1 Diluted83.9 84.8 85.3 

See notes to consolidated financial statements.

F-4

AMERICAN FINANCIAL GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(In Millions)

Year ended December 31,202420232022Net earnings$887 $852 $898 Other comprehensive income (loss), net of tax:Net unrealized gains (losses) on securities:Unrealized holding gains (losses) on securities arising during the period61 176 (647)Reclassification adjustment for realized (gains) losses included in net earnings24 34 14 Total net unrealized gains (losses) on securities85 210 (633)Net unrealized gains (losses) on cash flow hedges:Unrealized holding gains (losses) on cash flow hedges arising during the period(12)(9)(29)Reclassification adjustment for investment income included in net earnings19 21 — Total net unrealized gains (losses) on cash flow hedges7 12 (29)Foreign currency translation adjustments(13)3 (2)Pension and other postretirement plan adjustments— (1)2 Other comprehensive income (loss), net of tax79 224 (662)Comprehensive income$966 $1,076 $236 

See notes to consolidated financial statements.

F-5

AMERICAN FINANCIAL GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY