Company: AFGC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001042046-25-000035
Chunk: 160

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 160
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30,Nine months ended September 30,2025202420252024Components of net earnings:Core operating earnings before income taxes$280 $245 $701 $808 Pretax non-core item:Realized gains (losses) on securities12 (2)17 10 Realized gain on subsidiaries1 — 1 — Special A&E charges(25)(14)(25)(14)Earnings before income taxes268 229 694 804 Provision for income taxes:Core operating earnings56 51 146 168 Non-core items:Realized gains (losses) on securities2 — 3 3 Realized gain on subsidiaries— — — — Special A&E charges(5)(3)(5)(3)Other (*)— — 7 4 Total provision for income taxes53 48 151 172 Net earnings$215 $181 $543 $632 Net earnings:Core net operating earnings$224 $194 $555 $640 Realized gains (losses) on securities10 (2)14 7 Realized gain on subsidiaries1 — 1 — Special A&E charges(20)(11)(20)(11)Other (*)— — (7)(4)Net earnings$215 $181 $543 $632 Diluted per share amounts:Core net operating earnings$2.69 $2.31 $6.65 $7.63 Realized gains (losses) on securities0.12 (0.02)0.17 0.09 Realized gain on subsidiaries0.01 — 0.01 — Special A&E charges(0.24)(0.13)(0.24)(0.13)Other (*)— — (0.09)(0.05)Net earnings$2.58 $2.16 $6.50 $7.54 

(*)Adjustments to income tax expense related to sales of subsidiaries in prior years.

Net earnings were $215 million in the third quarter of 2025 compared to $181 million in the third quarter of 2024 reflecting higher core net operating earnings and net realized gains on securities in the 2025 quarter compared to net realized losses on securities in the 2024 quarter, partially offset by higher special A&E charges in the