Company: AFGC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001042046-25-000035
Chunk: 104

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 104
---
063 Earnings before income taxes328 — (48)280 (12)268 Provision for income taxes64 — (8)56 (3)53 Core Net Operating Earnings264 — (40)224 Non-core earnings (loss) (*):Realized gains (losses) on securities, net of tax— — 10 10 (10)— Realized gain on subsidiaries, net of tax1 — — 1 (1)— Special A&E charge, net of tax— — (20)(20)20 — Net Earnings$265 $— $(50)$215 $— $215 

46

Table of ContentsAMERICAN FINANCIAL GROUP, INC. 10-QManagement’s Discussion and Analysis of Financial Condition and Results of Operations — Continued

OtherP&CConsol. MIEsHolding Co., other and unallocatedTotalNon-core reclassGAAP TotalThree months ended September 30, 2024Revenues:Net earned premiums$2,055 $— $— $2,055 $— $2,055 Net investment income195 (2)7 200 — 200 Realized gains (losses) on securities— — — — (2)(2)Income of MIEs:Investment income— 99 — 99 — 99 Gain (loss) on change in fair value of assets/liabilities— (9)— (9)— (9)Other income2 (3)27 26 — 26 Total revenues2,252 85 34 2,371 (2)2,369 Costs and Expenses:Losses and loss adjustment expenses1,430 — — 1,430 — 1,430 Commissions and other underwriting expenses510 — 8 518 — 518 Interest charges on borrowed money— — 19 19 — 19 Expenses of MIEs— 85 — 85 — 85 Other expenses21 — 53 74 14 88 Total costs and expenses1,961 85 80 2,126 14 2,140 Earnings before income taxes291 — (