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[]
[null,null,null,null,null,null,null,"American Financial Group, Inc."]
[null,null,null,null,null,null,null,"Investor Supplement - Fourth Quarter 2024"]
[]
[]
[null,null,null,null,null,null,null,"2025-02-04"]
[]
[]
[]
[null,null,null,null,null,null,null,"American Financial Group, Inc."]
[null,null,null,null,null,null,null,"Corporate Headquarters"]
[null,null,null,null,null,null,null,"Great American Insurance Group Tower"]
[null,null,null,null,null,null,null,"301 E Fourth Street"]
[null,null,null,null,null,null,null,"Cincinnati, OH 45202"]
[null,null,null,null,null,null,null,"513 579 6739"]

{"sheet":"Contents","index":1,"n_rows":39,"n_cols":4,"rows_kept":39,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Table of Contents - Investor Supplement - Fourth Quarter 2024",null,null,4]
[]
["Section","Page"]
[]
["Table of Contents - Investor Supplement - Fourth Quarter 2024",2]
["Financial Highlights",3]
["Summary of Earnings",4]
["Earnings Per Share Summary",5]
[]
["Property and Casualty Insurance Segment"]
["Property and Casualty Insurance - Summary Underwriting Results (GAAP)",6]
["Specialty - Underwriting Results (GAAP)",7]
["Property and Transportation - Underwriting Results (GAAP)",8]
["Specialty Casualty - Underwriting Results (GAAP)",9]
["Specialty Financial - Underwriting Results (GAAP)",10]
["Other Specialty - Underwriting Results (GAAP)",11]
[]
["Consolidated Balance Sheet / Book Value / Debt"]
["Consolidated Balance Sheet",12]
["Book Value Per Share and Price / Book Summary",13]
["Capitalization",14]
["Additional Supplemental Information",15]
[]
["Consolidated Investment Supplement "]
["Total Cash and Investments",16]
["Net Investment Income",17]
["Alternative Investments",18]
["Fixed Maturities - By Security Type - AFG Consolidated",19]
[]
["Appendix"]
["A.  Fixed Maturities by Credit Rating & NAIC Designation by Type 12/31/2024",20]
["B.  Fixed Maturities by Credit Rating & NAIC Designation by Type 12/31/2023",21]
["C.  Corporate Securities by Credit Rating & NAIC Designation by Industry 12/31/2024",22]
["D.  Corporate Securities by Credit Rating & NAIC Designation by Industry 12/31/2023",23]
["E.  Asset-Backed Securities by Credit Rating & NAIC Designation by Collateral Type 12/31/2024",24]
["F.  Asset-Backed Securities by Credit Rating & NAIC Designation by Collateral Type 12/31/2023",25]
["G.  Real Estate-Related Investments 12/31/2024",26]
["H.  Real Estate-Related Investments 12/31/2023",27]

{"sheet":"Pg 3 Highlights","index":2,"n_rows":38,"n_cols":13,"rows_kept":38,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Financial Highlights"]
["(in millions, except per share information)"]
[]
[null,"Three Months Ended",null,null,null,null,null,"Twelve Months Ended"]
[null,"2024-12-31","2024-09-30","2024-06-30","2024-03-31","2023-12-31",null,"2024-12-31","2023-12-31",null,"2023-12-31","2023-09-30","2023-06-30"]
[]
[]
["Highlights"]
["Net earnings",255,181,209,242,263,null,887,852,null,852,589,412]
["Core net operating earnings",262,194,215,231,238,null,902,895,null,895,657,449]
["Total assets",30836,32591,29913,30001,29787,null,30836,29787,"",29787,30825,29048]
["Shareholders' equity, excluding AOCI (a)",4706,4844,4715,4555,4577,null,4706,4577,"",4562,4536,4490]
["Property and Casualty net written premiums",1460,2353,1692,1634,1445,null,7139,6692,null,6692,5247,3186]
[]
[]
[]
["Per share data"]
["Diluted earnings per share",3.0300000000000002,2.16,2.4900000000000002,2.8899999999999997,3.13,null,10.569999999999999,10.050000000000001,null,10.050000000000001,6.9299999999999988,4.8299999999999992]
["Core net operating earnings per share",3.12,2.31,2.56,2.76,2.84,null,10.75,10.56,null,10.56,7.72,5.27]
["Book value per share, excluding AOCI (a)",56.028486270213634,57.709576278255071,56.189864119098416,54.318661530939579,54.72,null,56.028486270213634,54.72,null,54.54,53.9,52.9]
[]
["Dividends per common share",4.799999999999998,0.71,0.71,3.21,2.21,null,9.43,8.1,null,8.1,5.89,5.26]
[]
[]
[]
["Financial ratios"]
["Annualized return on equity (b)",0.21299999999999999,0.152,0.18,0.21199999999999999,0.23,null,0.19,0.188,null,0.188,0.17399999999999999,0.183]
["Annualized core operating return on equity (b)",0.219,0.16200000000000001,0.185,0.20200000000000001,0.20899999999999999,null,0.193,0.19800000000000001,null,0.19800000000000001,0.19400000000000001,0.2]
[]
["Property and Casualty combined ratio - Specialty:"]
["Loss & LAE ratio",0.63700000000000001,0.69500000000000006,0.59099999999999997,0.58599999999999997,0.60699999999999998,null,0.63300000000000001,0.61499999999999999,null,0.61499999999999999,0.61799999999999999,0.58599999999999997]
["Underwriting expense ratio",0.253,0.248,0.314,0.315,0.27,null,0.27900000000000003,0.28799999999999998,null,0.28799999999999998,0.29499999999999998,0.32]
["Combined ratio - Specialty",0.89,0.94300000000000006,0.90500000000000003,0.90100000000000002,0.877,null,0.91200000000000003,0.90300000000000002,null,0.90300000000000002,0.91300000000000003,0.90599999999999992]
[]
[]
["(a) A reconciliation to the GAAP measure is on page 13."]
["(b) Excludes accumulated other comprehensive income."]

{"sheet":"Pg 4 Earnings","index":3,"n_rows":28,"n_cols":13,"rows_kept":28,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Summary of Earnings"]
["($ in millions)"]
[]
[null,"Three Months Ended",null,null,null,null,null,"Twelve Months Ended"]
[null,"2024-12-31","2024-09-30","2024-06-30","2024-03-31","2023-12-31",null,"2024-12-31","2023-12-31",null,"2023-12-31","2023-09-30","2023-06-30"]
["Property and Casualty Insurance"]
["Underwriting profit ",202,115,150,153,211,null,620,631,null,631,420,278]
["Net investment income",195,195,189,205,161,null,784,729,null,729,568,398]
["Other income (expense)",-19,-19,-20,-18,-15,null,-76,-56,null,-56,-41,-27]
["Property and Casualty Insurance operating earnings ",378,291,319,340,357,null,1328,1304,null,1304,947,649]
[]
["Interest expense of parent holding companies",-19,-19,-19,-19,-19,null,-76,-76,null,-76,-57,-38]
["Other expense",-29,-27,-27,-31,-34,null,-114,-101,null,-101,-67,-45]
["Pretax core operating earnings",330,245,273,290,304,null,1138,1127,null,1127,823,566]
[]
["Income tax expense",68,51,58,59,66,null,236,232,null,232,166,117]
["Core net operating earnings",262,194,215,231,238,null,902,895,null,895,657,449]
[]
["Non-core items, net of tax:  "]
["Realized gains (losses) on securities",-7,-2,-2,11,25,null,0,-28,null,-28,-53,-38]
["Realized loss on subsidiaries",0,0,-4,0,0,null,-4,-4,null,-4,-4]
["Special A&E charges:  ",0,0,0]
["Property and Casualty Insurance run-off operations ",0,0,0,0,0,null,0,0,null,0,0,0]
["Special A&E charges - Former Railroad and Manufacturing operations ",0,-11,0,0,0,null,-11,-12,null,-12,-12,0]
["Gain (loss) on retirement of debt",0,0,0,0,0,null,0,1,null,1,1,1]
["Other non-core items",0,0,0,0,0,null,0,0,null,0,0,0]
["Net earnings",255,181,209,242,263,null,887,852,null,852,589,412]

{"sheet":"Pg 5 Earnings Per Share","index":4,"n_rows":24,"n_cols":13,"rows_kept":24,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Earnings Per Share Summary"]
["(in millions, except per share information)"]
[]
[null,"Three Months Ended",null,null,null,null,null,"Twelve Months Ended"]
[null,"2024-12-31","2024-09-30","2024-06-30","2024-03-31","2023-12-31",null,"2024-12-31","2023-12-31",null,"2023-12-31","2023-09-30","2023-06-30"]
[]
["Core net operating earnings",262,194,215,231,238,null,902,895,null,895,657,449]
[]
["Net earnings",255,181,209,242,263,null,887,852,null,852,589,412]
[]
["Average number of diluted shares",83.965999999999994,83.938999999999993,83.912000000000006,83.795000000000002,83.816999999999993,null,83.903000000000006,84.774000000000001,null,84.774000000000001,85.096000000000004,85.274000000000001]
[]
["Diluted earnings per share:"]
["Core net operating earnings per share",3.12,2.31,2.56,2.76,2.84,null,10.75,10.56,null,10.56,7.72,5.27]
[]
["Realized gains (losses) on securities",-0.09,-0.02,-0.02,0.13,0.28999999999999998,null,0,-0.33,null,-0.33,-0.61,-0.45]
["Realized loss on subsidiaries",0,0,-0.05,0,0,null,-0.05,-0.04,null,-0.04,-0.04,0]
["Special A&E charges:  "]
["Property and Casualty Insurance run-off operations ",0,0,0,0,0,null,0,0,null,0,0,0]
["Special A&E charges - Former Railroad and Manufacturing operations ",0,-0.13,0,0,0,null,-0.13,-0.15,null,-0.15,-0.15,0]
["Gain (loss) on retirement of debt",0,0,0,0,0,null,0,0.01,null,0.01,0.01,0.01]
["Other non-core items",0,0,0,0,0,null,0,0,null,0,0,0]
["Diluted earnings per share",3.0300000000000002,2.16,2.4900000000000002,2.8899999999999997,3.13,null,10.569999999999999,10.050000000000001,null,10.050000000000001,6.9299999999999988,4.8299999999999992]

{"sheet":"Pg 6 P&C_UW","index":5,"n_rows":48,"n_cols":13,"rows_kept":48,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Property and Casualty Insurance - Summary Underwriting Results (GAAP)"]
["($ in millions)"]
[]
[null,"Three Months Ended",null,null,null,null,null,"Twelve Months Ended"]
[null,"2024-12-31","2024-09-30","2024-06-30","2024-03-31","2023-12-31",null,"2024-12-31","2023-12-31",null,"2023-12-31","2023-09-30","2023-06-30"]
[]
["Property and Transportation",82,34,39,56,67,null,211,184,null,184,117,75]
["Specialty Casualty",82,76,108,74,114,null,340,375,null,375,261,183]
["Specialty Financial",54,22,25,33,45,null,134,110,null,110,65,36]
["Other Specialty",-14,-15,-21,-9,-14,null,-59,-36,null,-36,-22,-16]
["Underwriting profit - Specialty",204,117,151,154,212,null,626,633,null,633,421,278]
[]
["Other core charges, included in loss and LAE",-2,-2,-1,-1,-1,null,-6,-2,null,-2,-1,0]
["Underwriting profit - Core",202,115,150,153,211,null,620,631,null,631,420,278]
[]
["Special A&E charges, included in loss and LAE",0,0,0,0,0,null,0,0,null,0,0,0]
["Underwriting profit - Property and Casualty Insurance",202,115,150,153,211,null,620,631,null,631,420,278]
[]
["Included in results above:"]
["Current accident year catastrophe losses:"]
["Catastrophe reinstatement premium",1,0,0,1,1,null,2,3,null,3,2,2]
["Catastrophe losses",20,90,36,34,24,null,180,162,null,162,138,82]
["Total current accident year catastrophe losses",21,90,36,35,25,null,182,165,null,165,140,84]
[]
["Prior year loss reserve development (favorable) / adverse",36,-15,-35,-50,-56,null,-64,-224,null,-224,-168,-125]
[]
["Combined ratio:"]
["Property and Transportation",0.89200000000000013,0.96500000000000008,0.92900000000000005,0.89000000000000012,0.90299999999999991,null,0.92399999999999993,0.92799999999999994,null,0.92799999999999994,0.93599999999999994,0.92599999999999993]
["Specialty Casualty",0.89,0.9,0.85399999999999998,0.89800000000000002,0.84599999999999997,null,0.88500000000000001,0.87,null,0.87,0.878,0.871]
["Specialty Financial",0.80699999999999994,0.91900000000000004,0.89700000000000002,0.86299999999999999,0.81299999999999994,null,0.871,0.873,null,0.873,0.89600000000000002,0.90800000000000003]
["Other Specialty",1.2469999999999999,1.2389999999999999,1.321,1.169,1.1890000000000001,null,1.2440000000000002,1.139,null,1.139,1.119,1.131]
["Combined ratio - Specialty ",0.89,0.94300000000000006,0.90500000000000003,0.90100000000000002,0.877,null,0.91200000000000003,0.90300000000000002,null,0.90300000000000002,0.91300000000000003,0.90599999999999992]
[]
["Other core charges",1E-3,1E-3,0,0,1E-3,null,0,1E-3,null,1E-3,0,-1E-3]
["Combined ratio",0.89100000000000001,0.94400000000000006,0.90500000000000003,0.90100000000000002,0.878,null,0.91200000000000003,0.90400000000000003,null,0.90400000000000003,0.91300000000000003,0.90499999999999992]
[]
["P&C combined ratio excl. catastrophe losses and prior year reserve development",0.86099999999999999,0.90700000000000003,0.90500000000000003,0.91100000000000003,0.89600000000000002,null,0.89600000000000002,0.91199999999999992,null,0.91199999999999992,0.91900000000000004,0.92100000000000004]
[]
["Loss and LAE components:"]
["Current accident year, excluding catastrophe losses",0.60799999999999998,0.65900000000000003,0.59099999999999997,0.59599999999999997,0.626,null,0.61699999999999999,0.624,null,0.624,0.626,0.60099999999999998]
["Prior accident year loss reserve development",1.9E-2,-7.0000000000000001E-3,-2.1999999999999999E-2,-3.2000000000000001E-2,-3.2000000000000001E-2,null,-8.9999999999999993E-3,-3.4000000000000002E-2,null,-3.4000000000000002E-2,-5.0999999999999997E-2,-4.2999999999999997E-2]
["Current accident year catastrophe losses",1.0999999999999999E-2,4.3999999999999997E-2,2.1999999999999999E-2,2.1999999999999999E-2,1.4E-2,null,2.5000000000000001E-2,2.5999999999999999E-2,null,2.5999999999999999E-2,1.7000000000000001E-2,2.7E-2]
["Loss and LAE ratio",0.63800000000000001,0.69600000000000006,0.59099999999999997,0.58599999999999997,0.60799999999999998,null,0.63300000000000001,0.61599999999999999,null,0.61599999999999999,0.59199999999999997,0.58499999999999996]
[]
[]
[]
["    "]

{"sheet":"Pg 7 P&C_Specialty_UW","index":6,"n_rows":37,"n_cols":13,"rows_kept":37,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Specialty - Underwriting Results (GAAP)"]
["($ in millions)"]
[]
[null,"Three Months Ended",null,null,null,null,null,"Twelve Months Ended"]
[null,"2024-12-31","2024-09-30","2024-06-30","2024-03-31","2023-12-31",null,"2024-12-31","2023-12-31",null,"2023-12-31","2023-09-30","2023-06-30"]
[]
["Gross written premiums",2043,3748,2406,2336,1992,null,10533,9656,"",9656,7664,4524]
["Ceded reinsurance premiums",-583,-1395,-714,-702,-547,null,-3394,-2964,"",-2964,-2417,-1338]
["Net written premiums",1460,2353,1692,1634,1445,null,7139,6692,"",6692,5247,3186]
["Change in unearned premiums",390,-298,-107,-88,287,null,-103,-161,"",-161,-448,-242]
["Net earned premiums",1850,2055,1585,1546,1732,null,7036,6531,"",6531,4799,2944]
[]
["Loss and LAE",1179,1428,936,906,1052,null,4449,4015,"",4015,2963,1725]
["Underwriting expense",467,510,498,486,468,null,1961,1883,"",1883,1415,941]
["Underwriting profit",204,117,151,154,212,null,626,633,"",633,421,278]
[]
["Included in results above:"]
["Current accident year catastrophe losses:"]
["Catastrophe reinstatement premium",1,0,0,1,1,null,2,3,"",3,2,2]
["Catastrophe losses",20,90,36,34,24,null,180,162,"",162,138,82]
["Total current accident year catastrophe losses",21,90,36,35,25,null,182,165,"",165,140,84]
[]
["Prior year loss reserve development (favorable) / adverse",34,-17,-36,-51,-57,null,-70,-226,"",-226,-169,-125]
[]
["Combined ratio:"]
["Loss and LAE ratio",0.63700000000000001,0.69500000000000006,0.59099999999999997,0.58599999999999997,0.60699999999999998,null,0.63300000000000001,0.61499999999999999,null,0.61499999999999999,0.61799999999999999,0.58599999999999997]
["Underwriting expense ratio",0.253,0.248,0.314,0.315,0.27,null,0.27900000000000003,0.28799999999999998,null,0.28799999999999998,0.29499999999999998,0.32]
["Combined ratio",0.89,0.94300000000000006,0.90500000000000003,0.90100000000000002,0.877,null,0.91200000000000003,0.90300000000000002,null,0.90300000000000002,0.91300000000000003,0.90599999999999992]
[]
["Combined ratio excl. catastrophe losses and prior year reserve development",0.86099999999999999,0.90700000000000003,0.90500000000000003,0.91100000000000003,0.89600000000000002,null,0.89600000000000002,0.91199999999999992,null,0.91199999999999992,0.91900000000000004,0.92100000000000004]
[]
["Loss and LAE components:"]
["Current accident year, excluding catastrophe losses",0.60799999999999998,0.65900000000000003,0.59099999999999997,0.59599999999999997,0.626,null,0.61699999999999999,0.624,null,0.624,0.624,0.60099999999999998]
["Prior accident year loss reserve development",1.7999999999999999E-2,-8.0000000000000002E-3,-2.3E-2,-3.3000000000000002E-2,-3.3000000000000002E-2,null,-0.01,-3.4000000000000002E-2,null,-3.4000000000000002E-2,-3.5000000000000003E-2,-4.2000000000000003E-2]
["Current accident year catastrophe losses",1.0999999999999999E-2,4.3999999999999997E-2,2.3E-2,2.3E-2,1.4E-2,null,2.5999999999999999E-2,2.5000000000000001E-2,null,2.5000000000000001E-2,2.9000000000000001E-2,2.7E-2]
["Loss and LAE ratio",0.63700000000000001,0.69500000000000006,0.59099999999999997,0.58599999999999997,0.60699999999999998,null,0.63300000000000001,0.61499999999999999,null,0.61499999999999999,0.61799999999999999,0.58599999999999997]

{"sheet":"Pg 8 P&C_P&T_UW","index":7,"n_rows":37,"n_cols":13,"rows_kept":37,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Property and Transportation - Underwriting Results (GAAP)"]
["($ in millions)"]
[]
[null,"Three Months Ended",null,null,null,null,null,"Twelve Months Ended"]
[null,"2024-12-31","2024-09-30","2024-06-30","2024-03-31","2023-12-31",null,"2024-12-31","2023-12-31",null,"2023-12-31","2023-09-30","2023-06-30"]
[]
["Gross written premiums",585,2107,1084,959,623,null,4735,4146,null,4146,3523,1931]
["Ceded reinsurance premiums",-186,-967,-403,-368,-197,null,-1924,-1595,null,-1595,-1398,-711]
["Net written premiums",399,1140,681,591,426,null,2811,2551,null,2551,2125,1220]
["Change in unearned premiums",357,-159,-138,-78,256,null,-18,-32,null,-32,-288,-211]
["Net earned premiums",756,981,543,513,682,null,2793,2519,null,2519,1837,1009]
[]
["Loss and LAE",523,777,348,304,470,null,1952,1741,null,1741,1271,635]
["Underwriting expense",151,170,156,153,145,null,630,594,null,594,449,299]
["Underwriting profit",82,34,39,56,67,null,211,184,null,184,117,75]
[]
["Included in results above:"]
["Current accident year catastrophe losses:"]
["Catastrophe reinstatement premium",1,0,0,0,2,null,1,2,null,2,0,0]
["Catastrophe losses",9,34,13,8,3,null,64,51,null,51,48,34]
["Total current accident year catastrophe losses",10,34,13,8,5,null,65,53,null,53,48,34]
[]
["Prior year loss reserve development (favorable) / adverse",-3,-15,-33,-43,-12,null,-94,-84,null,-84,-72,-58]
[]
["Combined ratio:"]
["Loss and LAE ratio",0.69300000000000006,0.79300000000000004,0.64000000000000012,0.59200000000000008,0.69,null,0.69899999999999995,0.69199999999999995,null,0.69199999999999995,0.69199999999999995,0.629]
["Underwriting expense ratio",0.19900000000000001,0.17199999999999999,0.28899999999999998,0.29799999999999999,0.21299999999999999,null,0.22500000000000001,0.23599999999999999,null,0.23599999999999999,0.24399999999999999,0.29699999999999999]
["Combined ratio",0.89200000000000013,0.96500000000000008,0.92900000000000005,0.89000000000000012,0.90299999999999991,null,0.92399999999999993,0.92799999999999994,null,0.92799999999999994,0.93599999999999994,0.92599999999999993]
[]
["Combined ratio excl. catastrophe losses and prior year reserve development",0.88400000000000012,0.94399999999999995,0.96700000000000008,0.95599999999999996,0.91499999999999992,null,0.93499999999999994,0.94099999999999995,null,0.94099999999999995,0.94799999999999995,0.95]
[]
["Loss and LAE components:"]
["Current accident year, excluding catastrophe losses",0.68500000000000005,0.77200000000000002,0.67800000000000005,0.65800000000000003,0.70199999999999996,null,0.71,0.70499999999999996,null,0.70499999999999996,0.70399999999999996,0.65300000000000002]
["Prior accident year loss reserve development",-5.0000000000000001E-3,-1.4999999999999999E-2,-6.2E-2,-8.3000000000000004E-2,-1.7999999999999999E-2,null,-3.4000000000000002E-2,-3.3000000000000002E-2,null,-3.3000000000000002E-2,-3.9E-2,-5.7000000000000002E-2]
["Current accident year catastrophe losses",1.2999999999999999E-2,3.5999999999999997E-2,2.4E-2,1.7000000000000001E-2,6.0000000000000001E-3,null,2.3E-2,0.02,null,0.02,2.7E-2,3.3000000000000002E-2]
["Loss and LAE ratio",0.69300000000000006,0.79300000000000004,0.64000000000000012,0.59200000000000008,0.69,null,0.69899999999999995,0.69199999999999995,null,0.69199999999999995,0.69199999999999995,0.629]

{"sheet":"Pg 9 P&C_SC_UW","index":8,"n_rows":37,"n_cols":13,"rows_kept":37,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Specialty Casualty - Underwriting Results (GAAP)"]
["($ in millions)"]
[]
[null,"Three Months Ended",null,null,null,null,null,"Twelve Months Ended"]
[null,"2024-12-31","2024-09-30","2024-06-30","2024-03-31","2023-12-31",null,"2024-12-31","2023-12-31",null,"2023-12-31","2023-09-30","2023-06-30"]
[]
["Gross written premiums",1126,1297,1023,1097,1069,null,4543,4368,null,4368,3299,2073]
["Ceded reinsurance premiums",-401,-434,-319,-346,-369,null,-1500,-1424,null,-1424,-1055,-658]
["Net written premiums",725,863,704,751,700,null,3043,2944,null,2944,2244,1415]
["Change in unearned premiums",29,-119,35,-21,37,null,-76,-58,null,-58,-95,0]
["Net earned premiums",754,744,739,730,737,null,2967,2886,null,2886,2149,1415]
[]
["Loss and LAE",495,473,428,457,438,null,1853,1739,null,1739,1301,838]
["Underwriting expense",177,195,203,199,185,null,774,772,null,772,587,394]
["Underwriting profit",82,76,108,74,114,null,340,375,null,375,261,183]
[]
["Included in results above:"]
["Current accident year catastrophe losses:"]
["Catastrophe reinstatement premium",0,0,0,1,-1,null,1,1,null,1,2,2]
["Catastrophe losses",-5,16,5,15,9,null,31,35,null,35,26,9]
["Total current accident year catastrophe losses",-5,16,5,16,8,null,32,36,null,36,28,11]
[]
["Prior year loss reserve development (favorable) / adverse",36,-4,-25,-17,-37,null,-10,-110,null,-110,-73,-51]
[]
["Combined ratio:"]
["Loss and LAE ratio",0.65600000000000003,0.63600000000000001,0.57999999999999996,0.625,0.59599999999999997,null,0.624,0.60299999999999998,null,0.60299999999999998,0.60499999999999998,0.59199999999999997]
["Underwriting expense ratio",0.23400000000000001,0.26400000000000001,0.27400000000000002,0.27300000000000002,0.25,null,0.26100000000000001,0.26700000000000002,null,0.26700000000000002,0.27300000000000002,0.27900000000000003]
["Combined ratio",0.89,0.9,0.85399999999999998,0.89800000000000002,0.84599999999999997,null,0.88500000000000001,0.87,null,0.87,0.878,0.871]
[]
["Combined ratio excl. catastrophe losses and prior year reserve development",0.85,0.88300000000000001,0.88200000000000001,0.89900000000000002,0.88500000000000001,null,0.878,0.89600000000000002,null,0.89600000000000002,0.9,0.9]
[]
["Loss and LAE components:"]
["Current accident year, excluding catastrophe losses",0.61599999999999999,0.61899999999999999,0.60799999999999998,0.626,0.63500000000000001,null,0.61699999999999999,0.629,null,0.629,0.627,0.621]
["Prior accident year loss reserve development",4.8000000000000001E-2,-6.0000000000000001E-3,-3.5000000000000003E-2,-2.3E-2,-0.05,null,-4.0000000000000001E-3,-3.7999999999999999E-2,null,-3.7999999999999999E-2,-3.4000000000000002E-2,-3.5999999999999997E-2]
["Current accident year catastrophe losses",-8.0000000000000002E-3,2.3E-2,7.0000000000000001E-3,2.1999999999999999E-2,1.0999999999999999E-2,null,1.0999999999999999E-2,1.2E-2,null,1.2E-2,1.2E-2,7.0000000000000001E-3]
["Loss and LAE ratio",0.65600000000000003,0.63600000000000001,0.57999999999999996,0.625,0.59599999999999997,null,0.624,0.60299999999999998,null,0.60299999999999998,0.60499999999999998,0.59199999999999997]

{"sheet":"Pg 10 P&C_SF_UW","index":9,"n_rows":37,"n_cols":13,"rows_kept":37,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Specialty Financial - Underwriting Results (GAAP)"]
["($ in millions)"]
[]
[null,"Three Months Ended",null,null,null,null,null,"Twelve Months Ended"]
[null,"2024-12-31","2024-09-30","2024-06-30","2024-03-31","2023-12-31",null,"2024-12-31","2023-12-31",null,"2023-12-31","2023-09-30","2023-06-30"]
[]
["Gross written premiums",332,344,299,280,300,null,1255,1142,null,1142,842,520]
["Ceded reinsurance premiums",-53,-60,-51,-46,-50,null,-210,-207,null,-207,-157,-96]
["Net written premiums",279,284,248,234,250,null,1045,935,null,935,685,424]
["Change in unearned premiums",0,-15,-7,9,-6,null,-13,-68,null,-68,-62,-33]
["Net earned premiums",279,269,241,243,244,null,1032,867,null,867,623,391]
[]
["Loss and LAE",106,124,101,98,85,null,429,328,null,328,243,150]
["Underwriting expense",119,123,115,112,114,null,469,429,null,429,315,205]
["Underwriting profit",54,22,25,33,45,null,134,110,null,110,65,36]
[]
["Included in results above:"]
["Current accident year catastrophe losses:"]
["Catastrophe reinstatement premium",0,0,0,0,0,null,0,0,null,0,0,0]
["Catastrophe losses",17,39,17,8,4,null,81,49,null,49,45,23]
["Total current accident year catastrophe losses",17,39,17,8,4,null,81,49,null,49,45,23]
[]
["Prior year loss reserve development (favorable) / adverse",-8,-9,0,6,-8,null,-11,-32,null,-32,-24,-14]
[]
["Combined ratio:"]
["Loss and LAE ratio",0.38099999999999995,0.46099999999999997,0.42099999999999999,0.40200000000000002,0.34799999999999998,null,0.41599999999999998,0.378,null,0.378,0.39,0.38500000000000001]
["Underwriting expense ratio",0.42599999999999999,0.45800000000000002,0.47599999999999998,0.46100000000000002,0.46500000000000002,null,0.45500000000000002,0.495,null,0.495,0.50600000000000001,0.52300000000000002]
["Combined ratio",0.80699999999999994,0.91900000000000004,0.89700000000000002,0.86299999999999999,0.81299999999999994,null,0.871,0.873,null,0.873,0.89600000000000002,0.90800000000000003]
[]
["Combined ratio excl. catastrophe losses and prior year reserve development",0.77400000000000002,0.80899999999999994,0.82299999999999995,0.80899999999999994,0.82699999999999996,null,0.80400000000000005,0.85299999999999998,null,0.85299999999999998,0.86199999999999999,0.88500000000000001]
[]
["Loss and LAE components:"]
["Current accident year, excluding catastrophe losses",0.34799999999999998,0.35099999999999998,0.34699999999999998,0.34799999999999998,0.36199999999999999,null,0.34899999999999998,0.35799999999999998,null,0.35799999999999998,0.35599999999999998,0.36199999999999999]
["Prior accident year loss reserve development",-2.9000000000000001E-2,-3.4000000000000002E-2,1E-3,2.3E-2,-3.4000000000000002E-2,null,-1.0999999999999999E-2,-3.6999999999999998E-2,null,-3.6999999999999998E-2,-3.7999999999999999E-2,-3.5000000000000003E-2]
["Current accident year catastrophe losses",6.2E-2,0.14399999999999999,7.2999999999999995E-2,3.1E-2,0.02,null,7.8E-2,5.7000000000000002E-2,null,5.7000000000000002E-2,7.1999999999999995E-2,5.8000000000000003E-2]
["Loss and LAE ratio",0.38099999999999995,0.46099999999999997,0.42099999999999999,0.40200000000000002,0.34799999999999998,null,0.41599999999999998,0.378,null,0.378,0.39,0.38500000000000001]

{"sheet":"Pg 11 P&C_Spec_Other_UW","index":10,"n_rows":37,"n_cols":13,"rows_kept":37,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Other Specialty - Underwriting Results (GAAP)"]
["($ in millions)"]
[]
[null,"Three Months Ended",null,null,null,null,null,"Twelve Months Ended"]
[null,"2024-12-31","2024-09-30","2024-06-30","2024-03-31","2023-12-31",null,"2024-12-31","2023-12-31",null,"2023-12-31","2023-09-30","2023-06-30"]
[]
["Gross written premiums",0,0,0,0,0,null,0,0,null,0,0,0]
["Ceded reinsurance premiums",57,66,59,58,69,null,240,262,null,262,193,127]
["Net written premiums",57,66,59,58,69,null,240,262,null,262,193,127]
["Change in unearned premiums",4,-5,3,2,0,null,4,-3,null,-3,-3,2]
["Net earned premiums",61,61,62,60,69,null,244,259,null,259,190,129]
[]
["Loss and LAE",55,54,59,47,59,null,215,207,null,207,148,102]
["Underwriting expense",20,22,24,22,24,null,88,88,null,88,64,43]
["Underwriting profit (loss)",-14,-15,-21,-9,-14,null,-59,-36,null,-36,-22,-16]
[]
["Included in results above:"]
["Current accident year catastrophe losses:"]
["Catastrophe reinstatement premium",0,0,0,0,0,null,0,0,null,0,0,0]
["Catastrophe losses",-1,1,1,3,8,null,4,27,null,27,19,16]
["Total current accident year catastrophe losses",-1,1,1,3,8,null,4,27,null,27,19,16]
[]
["Prior year loss reserve development (favorable) / adverse",9,11,22,3,0,null,45,0,null,0,0,-2]
[]
["Combined ratio:"]
["Loss and LAE ratio",0.89500000000000002,0.8899999999999999,0.95299999999999996,0.79200000000000004,0.82799999999999996,null,0.88300000000000012,0.79999999999999993,null,0.79999999999999993,0.78900000000000003,0.80299999999999994]
["Underwriting expense ratio",0.35199999999999998,0.34899999999999998,0.36799999999999999,0.377,0.36099999999999999,null,0.36099999999999999,0.33900000000000002,null,0.33900000000000002,0.33,0.32800000000000001]
["Combined ratio",1.2469999999999999,1.2389999999999999,1.321,1.169,1.1890000000000001,null,1.2440000000000002,1.139,null,1.139,1.119,1.131]
[]
["Combined ratio excl. catastrophe losses and prior year reserve development",1.1080000000000001,1.0469999999999999,0.94099999999999995,1.0680000000000001,1.073,null,1.0409999999999999,1.0329999999999999,null,1.0329999999999999,1.0170000000000001,1.0209999999999999]
[]
["Loss and LAE components:"]
["Current accident year, excluding catastrophe losses",0.75600000000000001,0.69799999999999995,0.57299999999999995,0.69099999999999995,0.71199999999999997,null,0.68,0.69399999999999995,null,0.69399999999999995,0.68700000000000006,0.69299999999999995]
["Prior accident year loss reserve development",0.14599999999999999,0.182,0.374,4.8000000000000001E-2,8.9999999999999993E-3,null,0.188,2E-3,null,2E-3,-1E-3,-1.9E-2]
["Current accident year catastrophe losses",-7.0000000000000001E-3,0.01,6.0000000000000001E-3,5.2999999999999999E-2,0.107,null,1.4999999999999999E-2,0.104,null,0.104,0.10299999999999999,0.129]
["Loss and LAE ratio",0.89500000000000002,0.8899999999999999,0.95299999999999996,0.79200000000000004,0.82799999999999996,null,0.88300000000000012,0.79999999999999993,null,0.79999999999999993,0.78900000000000003,0.80299999999999994]

{"sheet":"Pg 12 Balance Sheet","index":12,"n_rows":36,"n_cols":7,"rows_kept":36,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Consolidated Balance Sheet"]
["($ in millions)"]
[]
[null,"2024-12-31","2024-09-30","2024-06-30","2024-03-31","2023-12-31","2023-09-30"]
["Assets:"]
["Total cash and investments",15852,15741,15261,15254,15263,14794]
["Recoverables from reinsurers",5176,5217,4157,4510,4477,4421]
["Prepaid reinsurance premiums",1013,1346,1143,1078,961,1223]
["Agents' balances and premiums receivable",1532,1995,1909,1606,1471,2088]
["Deferred policy acquisition costs",320,340,328,309,309,324]
["Assets of managed investment entities",4140,4332,4695,4669,4484,4871]
["Other receivables",1123,1989,758,958,1171,1377]
["Other assets",1375,1326,1357,1312,1346,1422]
["Goodwill",305,305,305,305,305,305]
["Total assets",30836,32591,29913,30001,29787,30825]
[]
["Liabilities and Equity:"]
["Unpaid losses and loss adjustment expenses",14179,14206,12607,13050,13087,12891]
["Unearned premiums",3584,4320,3816,3650,3451,3997]
["Payable to reinsurers",1191,1620,1176,1078,1186,1398]
["Liabilities of managed investment entities",3965,4168,4536,4468,4307,4728]
["Long-term debt",1475,1475,1475,1475,1475,1474]
["Other liabilities",1976,2094,1919,2040,2023,2356]
["Total liabilities",26370,27883,25529,25761,25529,26844]
[]
["Shareholders' equity:"]
["Common stock",84,84,84,84,84,84]
["Capital surplus",1411,1400,1392,1382,1372,1372]
["Retained earnings",3211,3360,3239,3089,3121,3095]
["Unrealized gains (losses) - fixed maturities",-202,-100,-290,-278,-287,-521]
["Unrealized gains (losses) - fixed maturity-related cash flow hedges",-10,-7,-20,-22,-17,-34]
["Other comprehensive income (loss), net of tax",-28,-29,-21,-15,-15,-15]
["Total shareholders' equity",4466,4708,4384,4240,4258,3981]
[]
["Total liabilities and equity",30836,32591,29913,30001,29787,30825]

{"sheet":"Pg 13 Book Value","index":13,"n_rows":27,"n_cols":7,"rows_kept":27,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Book Value Per Share and Price / Book Summary"]
["(in millions, except per share information)"]
[]
[null,"2024-12-31","2024-09-30","2024-06-30","2024-03-31","2023-12-31","2023-09-30"]
[]
["Shareholders' equity",4466,4708,4384,4240,4258,3981]
["Accumulated other comprehensive income (loss)",-240,-136,-331,-315,-319,-570]
["Shareholders' equity, excluding AOCI",4706,4844,4715,4555,4577,4551]
["Goodwill",305,305,305,305,305,305]
["Intangibles",203,199,204,208,213,217]
["Tangible shareholders' equity, excluding AOCI",4198,4340,4206,4042,4059,4029]
[]
["Common shares outstanding",83.977999999999994,83.923000000000002,83.897000000000006,83.856999999999999,83.635999999999996,84.135999999999996]
[]
["Book value per share:"]
["Book value per share",53.180594917716547,56.099043170525363,52.25455022229638,50.57,50.911090917786602,47.31]
["Book value per share, excluding AOCI",56.028486270213634,57.709576278255071,56.189864119098416,54.318661530939579,54.72,54.090995531044975]
["Tangible, excluding AOCI",49.979282907428143,51.724071231962633,50.132901057248766,48.201104260824977,48.52,47.886754777978517]
[]
["Market capitalization"]
[]
["AFG's closing common share price",136.93,134.6,123.02,136.47999999999999,118.89,111.67]
[]
["Market capitalization",11499,11296,10321,11445,9943,9395]
[]
["Price / Book value per share, excluding AOCI",2.4439353820771696,2.3323685370865768,2.1893628313328959,2.5125803205268933,2.1726973684210527,2.0644840958031203]

{"sheet":"Pg 14 Capitalization","index":14,"n_rows":20,"n_cols":7,"rows_kept":20,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."," "]
["Capitalization"]
["($ in millions)"]
[]
[null,"2024-12-31","2024-09-30","2024-06-30","2024-03-31","2023-12-31","2023-09-30"]
[]
["AFG senior obligations",823,823,823,823,823,823]
["Borrowings drawn under credit facility",0,0,0,0,0,0]
["Debt excluding subordinated debt",823,823,823,823,823,823]
[]
["AFG subordinated debentures",675,675,675,675,675,675]
["Total principal amount of long-term debt",1498,1498,1498,1498,1498,1498]
[]
["Shareholders' equity",4466,4708,4384,4240,4258,3981]
["Accumulated other comprehensive income (loss)",-240,-136,-331,-315,-319,-570]
["Total capital, excluding AOCI",6204,6342,6213,6053,6075,6049]
[]
["Ratio of debt to total capital, excluding AOCI:"]
["Including subordinated debt",0.24145712443584785,0.23620309050772628,0.24110735554482537,0.24748058813811333,0.24658436213991769,0.24764423871714333]
["Excluding subordinated debt",0.13265635074145712,0.12976978871018607,0.13246418799291806,0.13596563687427721,0.13547325102880658,0.13605554637130104]

{"sheet":"Pg 15 Additional Supp Data","index":15,"n_rows":24,"n_cols":13,"rows_kept":24,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Additional Supplemental Information"]
["($ in millions)"]
[]
[null,"Three Months Ended",null,null,null,null,null,"Twelve Months Ended"]
[null,"2024-12-31","2024-09-30","2024-06-30","2024-03-31","2023-12-31",null,"2024-12-31","2023-12-31",null,"2023-12-31","2023-09-30","2023-06-30"]
["Property and Casualty Insurance"]
[]
["Paid Losses (GAAP)",1179,897,969,989,938,null,4034,3426,null,3426,2488,1683]
[]
[]
[]
[]
[]
[null,"2024-12-31","2024-09-30","2024-06-30","2024-03-31","2023-12-31",null,"2023-09-30",null,null,null,"`"]
["GAAP Equity (excluding AOCI)"]
[]
["Property and Casualty Insurance",5962,6150,5919,5780,5710,null,5786]
["Parent and other subsidiaries",-1256,-1306,-1204,-1225,-1133,null,-1235]
["AFG GAAP Equity (excluding AOCI)",4706,4844,4715,4555,4577,null,4551]
[null,""]
["Allowable dividends without regulatory approval"]
[]
["Property and Casualty Insurance",1004,946,946,946,946,null,887]

{"sheet":"Pg 16 Inv_Schedule","index":16,"n_rows":34,"n_cols":7,"rows_kept":34,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Total Cash and Investments"]
["($ in millions)"]
[]
[null,"Carrying Value - December 31, 2024"]
[null,"Property and",null,null,null,"% of"]
[null,"Casualty","Parent &","Consolidate","Total AFG","Investment"]
[null,"Insurance"," Other","CLOs","Consolidated","Portfolio"]
["Total cash and investments:"]
["Cash and cash equivalents",1105,301,0,1406,0.09]
["Fixed maturities - Available for sale",10356,42,0,10398,0.66,""]
["Fixed maturities - Trading",76,0,0,76,0]
["Equity securities - Common stocks",336,0,0,336,0.02]
["Equity securities - Perpetual preferred",415,0,0,415,0.03]
["Investments accounted for using the equity method",2275,2,0,2277,0.14000000000000001,""]
["Mortgage loans",791,0,0,791,0.05]
["Real estate and other investments",229,98,-174,153,0.01]
["Total cash and investments",15583,443,-174,15852,"100%"]
[null,null,null,""]
[]
[null,"Carrying Value - December 31, 2023"]
[null,"Property and",null,null,null,"% of"]
[null,"Casualty","Parent &","Consolidate","Total AFG","Investment"]
[null,"Insurance"," Other","CLOs","Consolidated","Portfolio"]
["Total cash and investments:"]
["Cash and cash equivalents",940,285,0,1225,0.08]
["Fixed maturities - Available for sale",10225,152,0,10377,0.68,""]
["Fixed maturities - Trading",57,0,0,57,0]
["Equity securities - common stocks",586,0,0,586,0.04]
["Equity securities - perpetual preferred",432,0,0,432,0.03]
["Investments accounted for using the equity method",1812,2,0,1814,0.12]
["Mortgage loans",643,0,0,643,0.04]
["Real estate and other investments",211,93,-175,129,0.01]
["Total cash and investments",14906,532,-175,15263,"100%"]

{"sheet":"Pg 17 Qtr_NII","index":17,"n_rows":38,"n_cols":13,"rows_kept":38,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Net Investment Income"]
["($ in millions)"]
[]
[null,"Three Months Ended",null,null,null,null,null,"Twelve Months Ended"]
[null,"2024-12-31","2024-09-30","2024-06-30","2024-03-31","2023-12-31",null,"2024-12-31","2023-12-31",null,"2023-12-31","2023-09-30","2023-06-30"]
["Property and Casualty Insurance:"]
["Gross investment income excluding alternative investments"]
["Fixed maturities",134,134,133,131,131,null,532,481,null,481,350,229]
["Equity securities",9,6,7,7,7,null,29,32,null,32,25,17]
["Other investments (a)",24,25,21,17,21,null,87,69,null,69,48,29]
["Gross investment income excluding alternative investments",167,165,161,155,159,null,648,582,null,582,423,275]
["Gross investment income from alternative investments (b)",33,36,33,56,5,null,158,163,null,163,158,133]
["Total gross investment income",200,201,194,211,164,null,806,745,null,745,581,408]
["Investment expenses",-5,-6,-5,-6,-3,null,-22,-16,null,-16,-13,-10]
["Total net investment income",195,195,189,205,161,null,784,729]
[]
["Average cash and investments (c)",15718,15447,15346,15331,15227,null,15479,14753,null,14753,14624,14438]
[]
["Average yield - fixed maturities before inv expenses (d)",5.0900000000000001E-2,5.0599999999999999E-2,5.04E-2,4.9299999999999997E-2,4.99E-2,null,5.0200000000000002E-2,4.6699999999999998E-2,null,4.6699999999999998E-2,4.5600000000000002E-2,4.5100000000000001E-2]
["Average yield - overall portfolio, net (d)","4.96%","5.05%","4.93%","5.35%","4.23%",null,"5.06%","4.94%",null,"19.77%","5.18%","5.51%"]
["Average tax equivalent yield - overall portfolio, net (d)",5.0299999999999997E-2,5.0999999999999997E-2,4.9799999999999997E-2,5.4199999999999998E-2,4.3099999999999999E-2,null,5.1299999999999998E-2,5.0099999999999999E-2,null,5.0099999999999999E-2,5.2499999999999998E-2,5.5800000000000002E-2]
[]
["AFG consolidated net investment income:"]
["Property & Casualty core",195,195,189,205,161,null,784,729,null,729,568,398]
["Parent & other",7,7,8,7,7,null,29,40,null,40,33,23]
["Consolidate CLOs",-8,-2,-9,-14,-9,null,-33,-27,null,-27,-18,-6]
["Total net investment income",194,200,188,198,159,null,780,742]
[]
["Average cash and investments (c)",15987,15748,15617,15616,15540,null,15767,15254,null,15254,15161,15064]
[]
["Average yield - overall portfolio, net (d)","4.85%","5.08%","4.82%","5.07%","4.09%",null,"4.95%","4.86%",null,"19.46%","5.13%","5.51%"]
["Average yield - fixed maturities before inv expenses (d)",5.0999999999999997E-2,5.0799999999999998E-2,5.0599999999999999E-2,4.9500000000000002E-2,5.0099999999999999E-2,null,5.04E-2,4.7E-2,null,4.7E-2,4.5999999999999999E-2,4.5499999999999999E-2]
[]
["(a) Includes income from mortgage loans, real estate, short-term investments, and cash equivalents."]
["(b) Investment income on alternative investments is detailed on page 18."]
["(c) Average cash and investments is the average of the beginning and ending quarter balances, or the average of the five quarters balances."]
["(d) Average yield is calculated by dividing investment income for the period by the average balance."]

{"sheet":"Pg 18 Inv_MTM_II","index":18,"n_rows":43,"n_cols":13,"rows_kept":43,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Alternative Investments"]
["($ in millions)"]
[]
[null,"Three Months Ended",null,null,null,null,null,"Twelve Months Ended"]
[null,"2024-12-31","2024-09-30","2024-06-30","2024-03-31","2023-12-31",null,"2024-12-31","2023-12-31",null,"2023-12-31","2023-09-30","2023-06-30"]
["Property and Casualty Insurance:"]
["Net Investment Income"]
["Fixed maturities MTM through investment income",12,8,1,1,-2,null,22,-1,null,-1,1,12]
["Equity securities MTM through investment income (a)",12,20,9,16,1,null,57,38,null,38,37,30]
["Investments accounted for using the equity method (b)",1,6,14,25,-3,null,46,99,null,99,102,85]
["AFG managed CLOs (eliminated in consolidation)",8,2,9,14,9,null,33,27,null,27,18,6]
["Total Property & Casualty",33,36,33,56,5,null,158,163,null,163,158,133]
[]
["Investments"]
["Fixed maturities MTM through investment income",75,51,32,18,17,null,75,17,null,17,17,28]
["Equity securities MTM through investment income (a)",222,563,544,494,440,null,222,440,null,440,411,423]
["Investments accounted for using the equity method (b)",2275,1909,1880,1846,1812,null,2275,1812,null,1812,1806,1755]
["AFG managed CLOs (eliminated in consolidation)",174,163,158,199,175,null,174,175,null,175,143,136]
["Total Property & Casualty",2746,2686,2614,2557,2444,null,2746,2444,null,2444,2377,2342]
[]
["Annualized Return - Property & Casualty",4.9000000000000002E-2,5.3999999999999999E-2,5.0999999999999997E-2,0.09,8.0000000000000002E-3,null,6.0999999999999999E-2,7.0000000000000007E-2,null,7.0000000000000007E-2,9.1999999999999998E-2,0.11799999999999999]
[]
["AFG Consolidated:"]
["Net Investment Income"]
["Fixed maturities MTM through investment income",12,8,1,1,-2,null,22,-1,null,-1,1,12]
["Equity securities MTM through investment income (a)",12,20,9,16,1,null,57,38,null,38,37,30]
["Investments accounted for using the equity method (b)",1,6,14,25,-3,null,46,99,null,99,102,85]
["AFG managed CLOs (eliminated in consolidation)",8,2,9,14,9,null,33,27,null,27,18,6]
["Total AFG Consolidated ",33,36,33,56,5,null,158,163,null,163,158,133]
[null,"","","","","",null,"",null,null,"","",""]
["Investments"]
["Fixed maturities MTM through investment income",75,51,32,18,17,null,75,17,null,17,17,28]
["Equity securities MTM through investment income (a)",222,563,544,494,440,null,222,440,null,440,411,423]
["Investments accounted for using the equity method (b)",2277,1911,1882,1848,1814,null,2277,1814,null,1814,1807,1756]
["AFG managed CLOs (eliminated in consolidation)",174,163,158,199,175,null,174,175,null,175,143,136]
["Total AFG Consolidated ",2748,2688,2616,2559,2446,null,2748,2446,null,2446,2378,2343]
[]
["Annualized Return - AFG Consolidated",4.9000000000000002E-2,5.3999999999999999E-2,5.0999999999999997E-2,8.8999999999999996E-2,8.0000000000000002E-3,null,6.0999999999999999E-2,7.0000000000000007E-2,null,7.0000000000000007E-2,9.1999999999999998E-2,0.11799999999999999]
[]
[]
["(a) AFG records holding gains and losses in net investment income on certain securities classified at purchase as \"fair value through net investment income.\""]
["(b) The majority of AFG's investments accounted for using the equity method mark their underlying assets to market through net income."]

{"sheet":"Pg 19 Inv_FM_Cons","index":19,"n_rows":37,"n_cols":7,"rows_kept":37,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Fixed Maturities - By Security Type - AFG Consolidated"]
["($ in millions )"]
[]
[null,null,null,null,null,"% of"]
[null,null,null,"Unrealized","% of","Investment"]
["December 31, 2024","Book Value (a)","Fair Value","Gain (Loss)","Fair Value","Portfolio"]
["US Government and government agencies",176,173,-3,0.02,0.01]
["States, municipalities and political subdivisions",905,859,-46,0.08,0.05]
["Foreign government",283,284,1,0.03,0.02]
["Residential mortgage-backed securities",2121,1989,-132,0.19,0.13]
["Commercial mortgage-backed securities",51,51,0,0,0]
["Collateralized loan obligations",1239,1237,-2,0.12,0.08]
["Other asset-backed securities",2406,2356,-50,0.22,0.15]
["Corporate and other bonds",3548,3525,-23,"34%","22%"]
["Total AFG consolidated",10729,10474,-255,"100%","66%",""]
[null,null,null,null,""]
[]
["Approximate duration - P&C","3.1 years"]
["Approximate duration - P&C including cash","2.8 years"]
[null,null,null,null,null,"% of"]
[null,null,null,"Unrealized","% of","Investment"]
["December 31, 2023","Book Value (a)","Fair Value","Gain (Loss)","Fair Value","Portfolio"]
["US Government and government agencies",243,236,-7,0.02,0.02]
["States, municipalities and political subdivisions",1014,984,-30,0.09,0.06]
["Foreign government",288,282,-6,0.03,0.02]
["Residential mortgage-backed securities",1787,1658,-129,0.16,0.11]
["Commercial mortgage-backed securities",75,74,-1,0.01,0]
["Collateralized loan obligations",1706,1687,-19,0.16,0.11]
["Other asset-backed securities",2472,2362,-110,0.23,0.15]
["Corporate and other bonds",3212,3151,-61,"30%","21%"]
["Total AFG consolidated",10797,10434,-363,"100%","68%",""]
[null,null,null,null,""]
["Approximate duration - P&C","3.2 years"]
["Approximate duration - P&C including cash","2.9 years"]
[]
["(a) Book Value is amortized cost, net of allowance for expected credit losses."]

{"sheet":"Pg 20 FM_Rating_NAIC","index":20,"n_rows":51,"n_cols":11,"rows_kept":51,"cut":false,"hidden":false,"merged":[]}
["Appendix A"]
["American Financial Group, Inc."]
["Fixed Maturities by Credit Rating & NAIC Designation by Type"]
["12/31/2024"]
["($ in millions)"]
[]
[]
[null,"Fair Value by Type"]
["Credit Rating (a)","US Gov","Munis","Frgn Gov","RMBS","CMBS","CLOs","ABS","Corp/Oth","Total","% Total"]
["Investment grade"]
["AAA",0,342,264,1717,39,1166,817,14,4359,0.42]
["AA",173,469,9,92,11,66,294,175,1289,0.12]
["A",0,38,5,69,1,4,648,925,1690,0.16]
["BBB",0,8,6,20,0,0,519,1990,2543,0.24]
["  Subtotal - Investment grade",173,857,284,1898,51,1236,2278,3104,9881,0.94000000000000006]
[]
["BB",0,0,0,2,0,0,7,167,176,0.02]
["B",0,0,0,2,0,0,2,33,37,0]
["CCC, CC, C",0,0,0,28,0,0,3,14,45,0.01]
["D",0,0,0,0,0,0,0,12,12,"0%"]
["  Subtotal - Non-Investment grade",0,0,0,32,0,0,12,226,270,0.03]
[]
["Not Rated (b)",0,2,0,59,0,1,66,195,323,0.03]
[]
["Total",173,859,284,1989,51,1237,2356,3525,10474,"100%"]
[null,null,null,null,null,null,null,null,null,""]
[]
[null,"Fair Value by Type"]
["NAIC designation","US Gov","Munis","Frgn gov","RMBS","CMBS","CLOs","ABS","Corp/Oth","Total","% Total"]
["      1",173,846,237,1898,51,1220,1759,1119,7303,0.71]
["      2",0,8,0,20,0,0,508,1988,2524,"25%"]
["   Subtotal",173,854,237,1918,51,1220,2267,3107,9827,0.96]
[]
["      3",0,0,0,8,0,0,7,172,187,0.02]
["      4",0,0,0,0,0,0,2,59,61,0.01]
["      5",0,0,0,6,0,0,4,127,137,0.01]
["      6",0,0,0,1,0,0,2,16,19,"0%"]
["   Subtotal",0,0,0,15,0,0,15,374,404,"4%"]
[]
["Total insurance companies",173,854,237,1933,51,1220,2282,3481,10231,"100%"]
[]
["No NAIC designation (c)",0,0,0,0,0,1,25,8,34]
["Non-Insurance and Foreign Companies (d)",0,5,47,56,0,16,49,36,209]
["Total",173,859,284,1989,51,1237,2356,3525,10474,""]
[]
[" (a) If two agencies rate a security, the rating displayed above is the lower of the two; if three or more agencies rate a security, the rating displayed is the second lowest."]
["  (b) For ABS, 57% are NAIC 1 and 38% do not have a designation."]
["       For Corp/Oth, 9% are NAIC 1, 12% NAIC 2, 15% NAIC 4 and 57% NAIC 5."]
["       For Total, 29% are NAIC 1, 8% NAIC 2, 10% NAIC 4, 37% NAIC 5 and 11% do not have a designation."]
[" (c) Surplus notes and CLO equity tranches that are classified as other invested assets for STAT."]
[" (d) 98% are investment grade rated."]

{"sheet":"Pg 21 FM_Rating_NAIC_PY","index":21,"n_rows":51,"n_cols":11,"rows_kept":51,"cut":false,"hidden":false,"merged":[]}
["Appendix B"]
["American Financial Group, Inc."]
["Fixed Maturities by Credit Rating & NAIC Designation by Type"]
["12/31/2023"]
["($ in millions)"]
[]
[]
[null,"Fair Value by Type"]
["Credit Rating (a)","US Gov","Munis","Frgn Gov","RMBS","CMBS","CLOs","ABS","Corp/Oth","Total","% Total"]
["Investment grade"]
["AAA",0,371,261,1425,63,1500,961,23,4604,0.44]
["AA",236,560,10,99,7,173,261,160,1506,0.15]
["A",0,44,5,26,1,13,542,839,1470,0.14000000000000001]
["BBB",0,7,6,4,0,0,474,1740,2231,0.21]
["  Subtotal - Investment grade",236,982,282,1554,71,1686,2238,2762,9811,0.94]
[]
["BB",0,0,0,2,3,0,7,195,207,0.02]
["B",0,0,0,4,0,0,2,67,73,0.01]
["CCC, CC, C",0,0,0,29,0,0,5,7,41,0]
["D",0,0,0,4,0,0,0,0,4,"0%"]
["  Subtotal - Non-Investment grade",0,0,0,39,3,0,14,269,325,0.03]
[]
["Not Rated (b)",0,2,0,65,0,1,110,120,298,0.03]
[]
["Total",236,984,282,1658,74,1687,2362,3151,10434,"100%"]
[null,null,null,null,null,null,null,null,null,""]
[]
[null,"Fair Value by Type"]
["NAIC designation","US Gov","Munis","Frgn gov","RMBS","CMBS","CLOs","ABS","Corp/Oth","Total","% Total"]
["      1",236,977,230,1606,71,1633,1799,1043,7595,0.74]
["      2",0,7,0,2,0,0,474,1769,2252,"22%"]
["   Subtotal",236,984,230,1608,71,1633,2273,2812,9847,0.96]
[]
["      3",0,0,0,1,3,0,8,195,207,0.02]
["      4",0,0,0,1,0,0,1,61,63,0.01]
["      5",0,0,0,3,0,0,9,67,79,0.01]
["      6",0,0,0,5,0,0,0,0,5,"0%"]
["   Subtotal",0,0,0,10,3,0,18,323,354,"4%"]
[]
["Total insurance companies",236,984,230,1618,74,1633,2291,3135,10201,"100%"]
[]
["No NAIC designation (c)",0,0,0,0,0,1,9,11,21]
["Non-Insurance and Foreign Companies (d)",0,0,52,40,0,53,62,5,212]
["Total",236,984,282,1658,74,1687,2362,3151,10434,""]
[]
[" (a) If two agencies rate a security, the rating displayed above is the lower of the two; if three or more agencies rate a security, the rating displayed is the second lowest."]
["  (b) For ABS, 87% are NAIC 1 and 8% do not have a designation."]
["       For Corp/Oth, 21% are NAIC 1, 21% NAIC 2, 46% NAIC 5 and 9% do not have a designation."]
["       For Total, 58% are NAIC 1, 9% NAIC 2, 21% NAIC 5 and 7% do not have a designation."]
[" (c) Surplus notes and CLO equity tranches that are classified as other invested assets for STAT."]
[" (d) 98% are investment grade rated."]

{"sheet":"Pg 22 Corp_by_Rating","index":22,"n_rows":49,"n_cols":19,"rows_kept":49,"cut":false,"hidden":false,"merged":[[20,0,20,1],[29,0,29,1],[30,0,30,1],[31,0,31,1],[8,0,8,1],[9,0,9,1],[14,0,14,1],[15,0,15,1],[38,0,38,1],[32,0,32,1],[34,0,34,1],[35,0,35,1],[36,0,36,1],[37,0,37,1]]}
["Appendix C"]
["American Financial Group, Inc."]
["Corporate Securities by Credit Rating & NAIC Designation by Industry"]
["12/31/2024"]
["($ in millions)"]
[]
[]
[null,null,"Fair Value By Industry"]
["Credit Rating (a)",null,"Asset Managers","Banking","Technology","Insurance","Other Financials","Utilities","Consumer","Autos","Healthcare","REITs","Basic Industry","Retailers","Capital Goods","Media","Other","Total","% Total"]
["  Investment Grade"]
["AAA",null,0,0,11,0,0,0,0,0,0,0,0,0,0,0,3,14,0]
["AA",null,5,0,22,44,32,5,39,0,14,0,0,10,0,0,4,175,0.05]
["A",null,40,186,28,150,67,122,56,95,30,47,11,17,40,3,33,925,0.26]
["BBB",null,767,242,172,51,83,92,64,68,31,75,110,38,47,45,105,1990,"57%"]
["   Subtotal",null,812,428,233,245,182,219,159,163,75,122,121,65,87,48,145,3104,0.88]
[]
["BB",null,24,6,8,0,2,0,22,5,5,6,13,36,1,30,9,167,0.05]
["B",null,4,2,2,0,0,0,11,0,9,0,0,0,4,0,1,33,0.01]
["CCC, CC, C",null,0,0,2,0,0,0,0,0,12,0,0,0,0,0,0,14,0]
["D",null,0,0,0,0,0,0,0,0,0,0,0,12,0,0,0,12,"0%"]
["   Subtotal",null,28,8,12,0,2,0,33,5,26,6,13,48,5,30,10,226,0.06]
[]
["Not Rated (b)",null,0,0,16,7,43,0,12,2,47,8,0,15,23,20,2,195,"6%"]
[]
["Total",null,840,436,261,252,227,219,204,170,148,136,134,128,115,98,157,3525,"100%"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,""]
[]
[]
[null,null,"Fair Value By Industry"]
["NAIC designation",null,"Asset Managers","Banking","Technology","Insurance","Other Financials","Utilities","Consumer","Autos","Healthcare","REITs","Basic Industry","Retailers","Capital Goods","Media","Other","Total","% Total"]
["    1",null,45,183,61,191,113,127,94,95,46,47,11,27,40,3,36,1119,0.32]
["    2",null,763,239,168,50,83,90,71,66,43,75,107,37,47,44,105,1988,"57%"]
["   Subtotal",null,808,422,229,241,196,217,165,161,89,122,118,64,87,47,141,3107,0.89]
[]
["    3",null,24,6,8,1,4,0,27,5,6,6,8,36,2,30,9,172,0.05]
["    4",null,4,2,12,0,0,0,6,2,24,0,4,0,4,0,1,59,0.02]
["    5",null,0,0,7,0,24,0,2,0,28,8,1,15,21,20,1,127,0.04]
["    6",null,0,0,0,0,2,0,1,0,0,0,0,12,0,0,1,16,"0%"]
["   Subtotal",null,28,8,27,1,30,0,36,7,58,14,13,63,27,50,12,374,0.11]
[]
["Total insurance companies",null,836,430,256,242,226,217,201,168,147,136,131,127,114,97,153,3481,"100%"]
[]
["No NAIC designation (c)",null,0,0,0,7,1,0,0,0,0,0,0,0,0,0,0,8]
["Non-Insurance and Foreign Companies","Total non-insurance",4,6,5,3,0,2,3,2,1,0,3,1,1,1,4,36]
["Total",null,840,436,261,252,227,219,204,170,148,136,134,128,115,98,157,3525]
[null,null,"","","","","","","","","","","","","","","",""]
[" (a) If two agencies rate a security, the rating displayed above is the lower of the two; if three or more agencies rate a security, the rating displayed is the second lowest."]
["  (b) 9% of not rated securities are NAIC 1, 12% NAIC 2, 15% NAIC 4 and 57% NAIC 5."]
[" (c) Surplus notes that are classified as other invested assets for STAT."]

{"sheet":"Pg 23 Corp_by_Rating_PY","index":23,"n_rows":49,"n_cols":18,"rows_kept":49,"cut":false,"hidden":false,"merged":[[19,0,19,1],[8,0,8,1],[9,0,9,1],[10,0,10,1],[11,0,11,1],[12,0,12,1],[13,0,13,1],[14,0,14,1],[15,0,15,1],[16,0,16,1],[17,0,17,1],[18,0,18,1],[20,0,20,1],[22,0,22,1],[29,0,29,1],[30,0,30,1],[31,0,31,1],[38,0,38,1],[32,0,32,1],[34,0,34,1],[35,0,35,1],[36,0,36,1],[37,0,37,1]]}
["Appendix D"]
["American Financial Group, Inc."]
["Corporate Securities by Credit Rating & NAIC Designation by Industry"]
["12/31/2023"]
["($ in millions)"]
[]
[]
[null,null,"Fair Value By Industry"]
["Credit Rating (a)",null,"Asset Managers","Banking","Technology","Insurance","Consumer","Other Financials","Utilities","Autos","REITs","Retailers","Basic Industry","Media","Capital Goods","Other","Total","% Total"]
["  Investment Grade"]
["      AAA",null,0,0,11,0,0,0,0,0,0,0,0,0,0,12,23,0.01]
["      AA",null,5,0,18,43,39,29,5,0,0,10,0,0,0,11,160,0.05]
["      A",null,33,190,57,151,44,45,86,61,47,18,11,3,35,58,839,0.27]
["      BBB",null,579,210,151,41,69,101,72,79,68,51,110,45,40,124,1740,"55%"]
["   Subtotal",null,617,400,237,235,152,175,163,140,115,79,121,48,75,205,2762,0.88]
[]
["      BB",null,23,2,24,3,27,5,0,5,0,40,15,35,1,15,195,0.06]
["      B",null,0,0,2,0,10,8,0,4,0,24,0,0,4,15,67,0.02]
["      CCC, CC, C",null,0,0,2,0,0,0,0,0,0,0,0,0,0,5,7,0]
["      D",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,"0%"]
["   Subtotal",null,23,2,28,3,37,13,0,9,0,64,15,35,5,35,269,0.08]
[]
["      Not Rated (b)",null,0,0,4,11,18,10,0,0,28,0,0,20,6,23,120,"4%"]
[]
["Total",null,640,402,269,249,207,198,163,149,143,143,136,103,86,263,3151,"100%"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,""]
[]
[]
[null,null,"Fair Value By Industry"]
["NAIC designation",null,"Asset Managers","Banking","Technology","Insurance","Consumer","Other Financials","Utilities","Autos","REITs","Retailers","Basic Industry","Media","Capital Goods","Other","Total","% Total"]
["    1",null,38,190,86,194,92,82,92,61,55,28,11,3,35,76,1043,0.33]
["    2",null,579,210,151,41,75,102,71,84,81,51,110,45,40,129,1769,"57%"]
["   Subtotal",null,617,400,237,235,167,184,163,145,136,79,121,48,75,205,2812,0.9]
[]
["    3",null,23,2,23,3,32,6,0,0,0,40,14,35,2,15,195,0.06]
["    4",null,0,0,1,0,4,8,0,4,0,24,0,0,4,16,61,0.02]
["    5",null,0,0,8,0,4,0,0,0,7,0,1,20,5,22,67,0.02]
["    6",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,"0%"]
["   Subtotal",null,23,2,32,3,40,14,0,4,7,64,15,55,11,53,323,0.1]
[]
["Total insurance companies",null,640,402,269,238,207,198,163,149,143,143,136,103,86,258,3135,"100%"]
[]
["No NAIC designation (c)",null,0,0,0,11,0,0,0,0,0,0,0,0,0,0,11]
["Non-Insurance and Foreign Companies","Total non-insurance",0,0,0,0,0,0,0,0,0,0,0,0,0,5,5]
["Total",null,640,402,269,249,207,198,163,149,143,143,136,103,86,263,3151]
[null,null,"","","","","","","","","","","","","","",""]
[" (a) If two agencies rate a security, the rating displayed above is the lower of the two; if three or more agencies rate a security, the rating displayed is the second lowest."]
["  (b) 21% of not rated securities are NAIC 1, 21% NAIC 2, 46% NAIC 5 and 9% do not have a designation."]
["  (c) Surplus notes that are classified as other invested assets for STAT."]

{"sheet":"Pg 24 ABS_by_Rating","index":24,"n_rows":49,"n_cols":15,"rows_kept":49,"cut":false,"hidden":false,"merged":[[7,0,7,1],[8,0,8,1],[13,0,13,1],[14,0,14,1],[19,0,19,1],[35,0,35,1],[36,0,36,1],[37,0,37,1],[28,0,28,1],[29,0,29,1],[30,0,30,1],[31,0,31,1],[33,0,33,1],[34,0,34,1]]}
["Appendix E"]
["American Financial Group, Inc."]
["Asset-Backed Securities by Credit Rating & NAIC Designation by Collateral Type"]
["12/31/2024"]
["($ in millions)"]
[]
[null,null,"Fair Value By Collateral Type"]
["Credit Rating (a)",null,"Whole Business","Commercial Real Estate","Triple Net Lease","TruPS","Railcar","Aircraft","Secured Financing (c)","Single Family Rental","Auto","Other","Total","% Total"]
["  Investment Grade"]
["AAA",null,0,258,191,46,0,7,17,125,69,104,817,0.35]
["AA",null,75,0,14,130,25,4,25,0,0,21,294,0.12]
["A",null,10,0,17,18,156,118,65,0,0,264,648,0.28000000000000003]
["BBB",null,427,0,0,0,6,21,1,0,0,64,519,"22%"]
["   Subtotal",null,512,258,222,194,187,150,108,125,69,453,2278,0.97]
[]
["BB",null,0,0,0,0,0,5,1,0,0,1,7,0]
["B",null,0,0,0,0,0,2,0,0,0,0,2,0]
["CCC, CC, C",null,0,0,0,0,0,3,0,0,0,0,3,0]
["D",null,0,0,0,0,0,0,0,0,0,0,0,"0%"]
["   Subtotal",null,0,0,0,0,0,10,1,0,0,1,12,0]
[]
["Not Rated (b)",null,0,0,0,0,0,2,33,0,0,31,66,"3%"]
[]
["Total",null,512,258,222,194,187,162,142,125,69,485,2356,"100%"]
[null,null,null,null,null,null,null,null,null,null,null,null,""]
[]
[]
[null,null,"Fair Value By Collateral Type"]
["NAIC designation",null,"Whole Business","Commercial Real Estate","Triple Net Lease","TruPS","Railcar","Aircraft","Secured Financing (b)","Single Family Rental","Auto","Other","Total","% Total"]
["    1",null,85,240,219,191,179,127,139,121,67,391,1759,0.77]
["    2",null,416,0,0,0,6,21,1,0,0,64,508,"22%"]
["   Subtotal",null,501,240,219,191,185,148,140,121,67,455,2267,0.99]
[]
["    3",null,0,0,0,0,0,4,2,0,0,1,7,0.01]
["    4",null,0,0,0,0,0,2,0,0,0,0,2,0]
["    5",null,0,0,0,0,0,3,0,0,0,1,4,0]
["    6",null,0,0,0,0,0,2,0,0,0,0,2,"0%"]
["   Subtotal",null,0,0,0,0,0,11,2,0,0,2,15,0.01]
[]
["Total insurance companies",null,501,240,219,191,185,159,142,121,67,457,2282,"100%"]
[]
["No NAIC designation",null,0,0,0,0,0,0,0,0,0,25,25]
["Non-Insurance and Foreign Companies",null,11,18,3,3,2,3,0,4,2,3,49]
["Total",null,512,258,222,194,187,162,142,125,69,485,2356,""]
[null,null,"","","","","","","","","","","",null,""]
[]
[" (a) If two agencies rate a security, the rating displayed above is the lower of the two; if three or more agencies rate a security, the rating displayed is the second lowest."]
["  (b) 57% of not rated securities are NAIC 1 and 38% do not have a designation."]
[" (c) Secured Financings are privately placed funding agreements secured primarily by Single Family Rental properties and Bank Loans."]

{"sheet":"Pg 25 ABS_by_Rating_PY","index":25,"n_rows":49,"n_cols":15,"rows_kept":49,"cut":false,"hidden":false,"merged":[[18,0,18,1],[7,0,7,1],[8,0,8,1],[9,0,9,1],[10,0,10,1],[11,0,11,1],[12,0,12,1],[13,0,13,1],[14,0,14,1],[15,0,15,1],[16,0,16,1],[17,0,17,1],[19,0,19,1],[21,0,21,1],[28,0,28,1],[29,0,29,1],[30,0,30,1],[37,0,37,1],[31,0,31,1],[33,0,33,1],[34,0,34,1],[35,0,35,1],[36,0,36,1]]}
["Appendix F"]
["American Financial Group, Inc."]
["Asset-Backed Securities by Credit Rating & NAIC Designation by Collateral Type"]
["12/31/2023"]
["($ in millions)",null,null,null,null,null,null,null,null,null," "]
[]
[null,null,"Fair Value By Collateral Type"]
["Credit Rating (a)",null,"Whole Business","Commercial Real Estate","Secured Financing (c)","TruPS","Single Family Rental","Triple Net Lease","Railcar","Aircraft","Auto","Other","Total","% Total"]
["  Investment Grade"]
["      AAA",null,0,385,24,46,191,157,0,0,67,91,961,0.41]
["      AA",null,55,6,20,140,1,2,0,5,14,18,261,0.11]
["      A",null,10,0,75,16,0,24,168,54,0,195,542,0.23]
["      BBB",null,366,0,1,0,0,0,6,30,0,71,474,"20%"]
["   Subtotal",null,431,391,120,202,192,183,174,89,81,375,2238,0.95]
[]
["      BB",null,0,0,1,0,0,0,0,6,0,0,7,0]
["      B",null,0,0,1,0,0,0,0,1,0,0,2,0]
["      CCC, CC, C",null,0,0,0,0,0,0,0,5,0,0,5,0]
["      D",null,0,0,0,0,0,0,0,0,0,0,0,"0%"]
["   Subtotal",null,0,0,2,0,0,0,0,12,0,0,14,0]
[]
["      Not Rated (b)",null,0,0,96,0,0,0,0,5,0,9,110,"5%"]
[]
["Total",null,431,391,218,202,192,183,174,106,81,384,2362,"100%"]
[null,null,null,null,null,null,null,null,null,null,null,null,""]
[]
[]
[null,null,"Fair Value By Collateral Type"]
["NAIC designation",null,"Whole Business","Commercial Real Estate","Secured Financing (c)","TruPS","Single Family Rental","Triple Net Lease","Railcar","Aircraft","Auto","Other","Total","% Total"]
["    1",null,65,331,215,202,192,183,167,60,81,303,1799,0.79]
["    2",null,366,0,1,0,0,0,7,30,0,70,474,"21%"]
["   Subtotal",null,431,331,216,202,192,183,174,90,81,373,2273,1]
[]
["    3",null,0,0,2,0,0,0,0,6,0,0,8,0]
["    4",null,0,0,0,0,0,0,0,1,0,0,1,0]
["    5",null,0,0,0,0,0,0,0,9,0,0,9,0]
["    6",null,0,0,0,0,0,0,0,0,0,0,0,"0%"]
["   Subtotal",null,0,0,2,0,0,0,0,16,0,0,18,0]
[]
["Total insurance companies",null,431,331,218,202,192,183,174,106,81,373,2291,"100%"]
[]
["No NAIC designation",null,0,0,0,0,0,0,0,0,0,9,9]
["Non-Insurance and Foreign Companies",null,0,60,0,0,0,0,0,0,0,2,62]
["Total",null,431,391,218,202,192,183,174,106,81,384,2362,""]
[null,null,"","","","","","","","","","","",null,""]
[]
[" (a) If two agencies rate a security, the rating displayed above is the lower of the two; if three or more agencies rate a security, the rating displayed is the second lowest."]
["  (b) 87% of not rated securities are NAIC 1 and 8% do not have a designation."]
[" (c) Secured Financings are privately placed funding agreements secured primarily by Single Family Rental properties and Bank Loans."]

{"sheet":"Pg 26 Real_Estate_Investment","index":26,"n_rows":50,"n_cols":5,"rows_kept":50,"cut":false,"hidden":false,"merged":[]}
["Appendix G"]
["American Financial Group, Inc."]
["Real Estate-Related Investments"]
["12/31/2024"]
["($ in millions)"]
[]
[]
[]
["Investments accounted for using equity method (Real Estate Funds/Investments) (a)"]
[]
[null,null,"% of "]
["Investment Type","Book Value","Book Value","Occupancy (b)","Collection Rate (c)"]
[]
[" Multi-family",1222,0.88,0.92,0.97]
[" Fund Investments",93,7.0000000000000007E-2,"-","-"]
[" QOZ Fund - Development",28,0.02,"-","-"]
[" Office",17,0.01,0.91,1]
[" Marina",16,0.01,"-","-"]
[" Hospitality",10,0.01,"-","-"]
[" Land Development",6,0,"-","-"]
["Total ",1392,"100%"]
[]
[]
["Real Estate"]
[null,null,"% of "]
["Property Type","Book Value","Book Value","Debt"]
[]
["Resort & Marina",50,0.52,0]
["Marina",35,0.37,0]
["Office Building",9,0.09,0]
["Land",2,"2%",0]
["Total ",96,"100%",0]
[]
[]
["Mortgage Loans"]
[null,null,"% of ","Loan To "]
["Property Type","Book Value","Book Value","Value"]
[]
["Multifamily",568,0.72,0.65]
["Hospitality",122,0.15,0.49]
["Marina",52,7.0000000000000007E-2,0.52]
["Office",49,"6%","98%"]
["Total ",791,"100%","64%",""]
[null,""]
["Currently, no loans are receiving interest deferral through forbearance agreements. "]
[]
[]
["(a) Total investments accounted for using the equity method is $2.3 billion, the amounts presented in this table only relate to real estate funds/investments."]
["(b) Occupancy as of 12/31/24"]
["(c) Collections for October - December"]

{"sheet":"Pg 27 Real_Estate_Investment_PY","index":27,"n_rows":48,"n_cols":5,"rows_kept":48,"cut":false,"hidden":false,"merged":[]}
["Appendix H"]
["American Financial Group, Inc."]
["Real Estate-Related Investments"]
["12/31/2023"]
["($ in millions)"]
[]
[]
[]
["Investments accounted for using equity method (Real Estate Funds/Investments) (a)"]
[]
[null,null,"% of "]
["Investment Type","Book Value","Book Value","Occupancy (b)","Collection Rate (c)"]
[]
[" Multi-family",1205,0.91,0.94,0.97]
[" Fund Investments",59,0.05,"-","-"]
[" QOZ Fund - Development",25,0.02,"-","-"]
[" Office",16,0.01,0.88,1]
[" Hospitality",10,0.01,"-","-"]
[" Land Development",5,0,"-","-"]
["Total ",1320,"100%"]
[]
[]
["Real Estate"]
[null,null,"% of "]
["Property Type","Book Value","Book Value","Debt"]
[]
["Resort & Marina",50,0.52,0]
["Marina",36,0.37,0]
["Office Building",9,0.09,0]
["Land",2,"2%",0]
["Total ",97,"100%",0]
[]
[]
["Mortgage Loans"]
[null,null,"% of ","Loan To "]
["Property Type","Book Value","Book Value","Value"]
[]
["Multifamily",462,0.72,0.66]
["Hospitality",125,0.19,0.49]
["Office",56,"9%","89%"]
["Total ",643,"100%","65%",""]
[]
["Currently, no loans are receiving interest deferral through forbearance agreements. "]
[]
[]
["(a) Total investments accounted for using the equity method is $1.8 billion, the amounts presented in this table only relate to real estate funds/investments. "]
["(b) Occupancy as of 12/31/23"]
["(c) Collections for October - December"]