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[]
[null,null,null,null,null,null,null,"American Financial Group, Inc."]
[null,null,null,null,null,null,null,"Investor Supplement - First Quarter 2023"]
[]
[]
[null,null,null,null,null,null,null,"2023-05-02"]
[]
[]
[]
[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":42,"n_cols":4,"rows_kept":42,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Table of Contents - Investor Supplement - First Quarter 2023",null,null,1]
[]
["Section","Page"]
[]
["Table of Contents - Investor Supplement - First Quarter 2023",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]
[]
["Annuity Segment"]
["Discontinued Annuity Operations",12]
[]
["Consolidated Balance Sheet / Book Value / Debt"]
["Consolidated Balance Sheet",13]
["Book Value Per Share and Price / Book Summary",14]
["Capitalization",15]
["Additional Supplemental Information",16]
[]
["Consolidated Investment Supplement "]
["Total Cash and Investments",17]
["Net Investment Income From Continuing Operations",18]
["Alternative Investments - Continuing Operations",19]
["Fixed Maturities - By Security Type - AFG Consolidated",20]
[]
["Appendix"]
["A.  Fixed Maturities by Credit Rating & NAIC Designation by Type 3/31/2023",21]
["B.  Fixed Maturities by Credit Rating & NAIC Designation by Type 12/31/2022",22]
["C.  Corporate Securities by Credit Rating & NAIC Designation by Industry 3/31/2023",23]
["D.  Corporate Securities by Credit Rating & NAIC Designation by Industry 12/31/2022",24]
["E.  Asset-Backed Securities by Credit Rating & NAIC Designation by Collateral Type 3/31/2023",25]
["F.  Asset-Backed Securities by Credit Rating & NAIC Designation by Collateral Type 12/31/2022",26]
["G.  Real Estate-Related Investments 3/31/2023",27]
["H.  Real Estate-Related Investments 12/31/2022",28]

{"sheet":"Pg 3 Highlights","index":2,"n_rows":41,"n_cols":13,"rows_kept":41,"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,"3/31/23","2022-12-31","2022-09-30","2022-06-30","2022-03-31",null,"2022-12-31","2021-12-31",null,"2022-12-31","9/30/22","6/30/22"]
[]
[]
["Highlights"]
["Net earnings",212,276,165,167,290,null,898,1995,null,898,622,457]
["Net earnings from continuing operations",212,276,165,167,290,null,898,1081,null,898,622,457]
["Core net operating earnings",247,255,192,243,303,null,993,993,null,993,738,546]
["Total assets",28481,28831,29532,28084,28762,null,28831,28931,null,28831,29532,28084]
["Adjusted shareholders' equity (a)",4375,4578,4515,4401,4948,null,4578,4876,null,4578,4515,4401]
["Property and Casualty net written premiums",1519,1338,1984,1516,1368,null,6206,5573,null,6206,4868,2884]
[]
[]
[]
["Per share data"]
["Diluted earnings per share",2.4900000000000002,3.24,1.9300000000000002,1.9600000000000002,3.4,null,10.530000000000001,23.299999999999997,null,10.530000000000001,7.29,5.36]
["Diluted earnings per share from continuing operations",2.4900000000000002,3.24,1.9300000000000002,1.9600000000000002,3.4,null,10.530000000000001,12.62,null,10.530000000000001,7.29,5.36]
["Core net operating earnings per share",2.89,2.99,2.2400000000000002,2.85,3.56,null,11.63,11.59,null,11.63,8.65,6.41]
["Adjusted book value per share (a)",51.366646315690602,53.72987183700296,53.029680177587764,51.682833454682111,58.141311117116906,null,53.73,57.42,null,53.72987183700296,53.029680177587764,51.682833454682111]
[]
["Dividends per common share",4.63,2.63,0.56000000000000005,8.56,2.56,null,14.31,28.06,null,14.31,11.68,11.12]
[]
[]
[]
["Financial ratios"]
["Annualized return on equity (b)",0.189,0.24199999999999999,0.14699999999999999,0.14299999999999999,0.23499999999999999,null,0.192,0.375,null,0.192,0.17599999999999999,0.192]
["Annualized core operating return on equity excluding mark-to-market (b)"]
["Annualized core operating return on equity (b)",0.22,0.223,0.17100000000000001,0.20699999999999999,0.246,null,0.21199999999999999,0.186,null,0.21199999999999999,0.20899999999999999,0.23]
[]
["Property and Casualty combined ratio - Specialty:"]
["Loss & LAE ratio",0.56999999999999995,0.60799999999999998,0.66400000000000003,0.55400000000000005,0.53099999999999992,null,0.59599999999999997,0.58399999999999996,null,0.59599999999999997,0.59099999999999997,0.54300000000000004]
["Underwriting expense ratio",0.32200000000000001,0.25800000000000001,0.247,0.30399999999999999,0.309,null,0.27600000000000002,0.28000000000000003,null,0.27600000000000002,0.28299999999999997,0.30599999999999999]
["Combined ratio - Specialty",0.8919999999999999,0.86599999999999999,0.91100000000000003,0.8580000000000001,0.83999999999999986,null,0.872,0.86399999999999999,null,0.872,0.87399999999999989,0.84899999999999998]
[]
[]
["(a) Excludes unrealized gains (losses) related to fixed maturity investments, a reconciliation to the GAAP measure is on page 14."]
["(b) Excludes accumulated other comprehensive income."]

{"sheet":"Pg 4 Earnings","index":3,"n_rows":36,"n_cols":14,"rows_kept":36,"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,"3/31/23","2022-12-31","2022-09-30","2022-06-30","2022-03-31",null,"2022-12-31","2021-12-31",null,"2022-12-31","9/30/22","6/30/22"]
["Property and Casualty Insurance"]
["Underwriting profit ",154,218,155,196,207,null,776,733,null,776,558,403]
["Net investment income",207,159,145,156,223,null,683,663,null,683,524,379]
["Other income (expense)",-11,-14,-11,-7,-8,null,-40,-6,null,-40,-26,-15]
["Property and Casualty Insurance operating earnings ",350,363,289,345,422,null,1419,1390,null,1419,1056,767]
[]
["Real estate entities and other acquired from Annuity",0,0,0,0,0,null,0,50,null,0,0,0]
["Interest expense of parent holding companies",-19,-20,-19,-23,-23,null,-85,-94,null,-85,-65,-46]
["Other expense",-23,-25,-26,-14,-21,null,-86,-114,null,-86,-61,-35]
["Pretax core operating earnings",308,318,244,308,378,null,1248,1232,null,1248,930,686]
[]
["Income tax expense",61,63,52,65,75,null,255,239,null,255,192,140]
["Core net operating earnings",247,255,192,243,303,null,993,993,null,993,738,546]
[null,null,null,null,null,null,null,null,null,null,null,null,null," "]
["Non-core items, net of tax:  "]
["Realized gains (losses) on securities",-37,21,-28,-73,-12,null,-92,87,null,-92,-113,-85]
[null,0,0,0,0]
["Gain on sale of subsidiaries",0,0,0,0,null,null,null,0]
["Gain on sale of apartment property",0,0,0,0,null,null,null,0]
["Special A&E charges:  ",0,0]
["Property and Casualty Insurance run-off operations ",0,0,0,0,0,null,0,0,null,0,0,0]
["Former Railroad and Manufacturing operations ",0,0,0,0,0,null,0,0,null,0,0,0]
["Neon exited lines",0,0,0,0,0,null,0,0,null,0,0,0]
["Gain (loss) on retirement of debt",2,0,1,-7,-1,null,-7,0,null,-7,0,0]
["Other non-core items",0,0,0,4,0,null,4,1,null,4,-3,-4]
["Tax expense related to change in U.S. corporate tax rate",0,0,0,0,0,null,0,0,null,0,0,0]
["Net earnings from continuing operations",212,276,165,167,290,null,898,1081,null,898,622,457]
[]
["Discontinued Annuity operations",0,0,0,0,0,null,0,914,null,0,0,0]
["Net earnings",212,276,165,167,290,null,898,1995,null,898,622,457]

{"sheet":"Pg 5 Earnings Per Share","index":4,"n_rows":34,"n_cols":13,"rows_kept":34,"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,"3/31/23","2022-12-31","2022-09-30","2022-06-30","2022-03-31",null,"2022-12-31","2021-12-31",null,"2022-12-31","9/30/22","6/30/22"]
[]
["Core net operating earnings",247,255,192,243,303,null,993,993,null,993,738,546]
[]
["Net earnings from continuing operations",212,276,165,167,290,null,898,1081,null,898,622,457]
[]
["Net earnings",212,276,165,167,290,null,898,1995,null,898,622,457]
[]
["Average number of diluted shares",85.378,85.35,85.364999999999995,85.338999999999999,85.24,null,85.323999999999998,85.628,null,85.323999999999998,85.314999999999998,85.29]
[]
["Diluted earnings per share:"]
["Core net operating earnings per share",2.89,2.99,2.2400000000000002,2.85,3.56,null,11.63,11.59,null,11.63,8.65,6.41]
[]
["Realized gains (losses) on securities",-0.42,0.25,-0.32,-0.86,-0.14000000000000001,null,-1.06,1.01,null,-1.06,-1.32,-1]
["Gain on sale of subsidiaries",null,null,null,null,null,null,0,0,null,0,0,0]
["Gain on sale of apartment property",null,null,null,null,null,null,0,0,null,0,0,0]
["Special A&E charges:  "]
["Property and Casualty Insurance run-off operations",0,0,0,0,0,null,0,0,null,0,0,0]
["Former Railroad and Manufacturing operations",0,0,0,0,0,null,0,0,null,0,0,0]
["Neon exited lines",0,0,0,0,0,null,0,0,null,0,0,0]
["Gain (loss) on retirement of debt",0.02,0,0.01,-0.08,-0.02,null,-0.09,0,null,-0.09,0,0]
["Other non-core items",0,0,0,0.05,0,null,0.05,0.02,null,0.05,-0.04,-0.05]
["Tax benefit related to National Interstate merger",null,null,0,0,0,null,0,0,null,0,0,0]
["Tax benefit related to Neon restructuring",null,null,0,0,0,null,0,0,null,0,0,0]
["Tax expense related to change in U.S. corporate tax rate",null,null,0,0,0,null,0,0,null,0,0,0]
["Diluted earnings per share, continuing operations",2.4900000000000002,3.24,1.9300000000000002,1.9600000000000002,3.4,null,10.530000000000001,12.62,null,10.530000000000001,7.29,5.36]
[]
["Discontinued Annuity operations",0,0,0,0,0,null,0,10.68,null,0,0,0]
["Diluted earnings per share",2.4900000000000002,3.24,1.9300000000000002,1.9600000000000002,3.4,null,10.530000000000001,23.299999999999997,null,10.530000000000001,7.29,5.36]

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["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,"3/31/23","2022-12-31","2022-09-30","2022-06-30","2022-03-31",null,"2022-12-31","2021-12-31",null,"2022-12-31","9/30/22","6/30/22"]
[]
["Property and Transportation",43,68,39,39,62,null,208,279,null,208,140,101]
["Specialty Casualty",88,128,118,130,124,null,500,377,null,500,372,254]
["Specialty Financial",26,33,15,37,29,null,114,96,null,114,81,66]
["Other Specialty",-2,-12,-14,-9,-7,null,-42,-15,null,-42,-30,-16]
["Underwriting profit - Specialty",155,217,158,197,208,null,780,737,null,780,563,405]
[]
["Other core charges, included in loss and LAE",-1,1,-3,-1,-1,null,-4,-4,null,-4,-5,-2]
["Underwriting profit - Core",154,218,155,196,207,null,776,733,null,776,558,403]
[]
["Special A&E charges, included in loss and LAE",0,0,0,0,0,null,0,0,null,0,0,0]
["Neon exited lines",0,0,0,0,0,null,0,0,null,0,0,0]
["Neon exited lines charge, included in underwriting expenses",null,null,0,0,0,null,0,0,null,0,0,0]
["Underwriting profit - Property and Casualty Insurance",154,218,155,196,207,null,776,733,null,776,558,403]
[]
["Included in results above:"]
["Current accident year COVID-19 related losses",0,0,0,0,0,null,0,16,null,0,0,0]
["Current accident year catastrophe losses:"]
["Catastrophe reinstatement premium",0,-13,18,0,0,null,5,12,null,5,18,0]
["Catastrophe losses",31,24,33,22,9,null,88,86,null,88,64,31]
["Total current accident year catastrophe losses",31,11,51,22,9,null,93,98,null,93,82,31]
[]
["Prior year loss reserve development (favorable) / adverse",-63,-59,-53,-85,-88,null,-285,-279,null,-285,-226,-173]
[]
["Combined ratio:"]
["Property and Transportation",0.91000000000000014,0.89999999999999991,0.95399999999999996,0.92400000000000004,0.8580000000000001,null,0.91699999999999993,0.871,null,0.91699999999999993,0.92199999999999993,0.89300000000000002]
["Specialty Casualty",0.875,0.81300000000000006,0.82599999999999996,0.80100000000000005,0.80600000000000005,null,0.81200000000000006,0.84299999999999997,null,0.81200000000000006,0.81100000000000005,0.80400000000000005]
["Specialty Financial",0.86499999999999999,0.83099999999999996,0.91300000000000003,0.78400000000000003,0.82000000000000006,null,0.83699999999999997,0.85099999999999998,null,0.83699999999999997,0.83899999999999997,0.80100000000000005]
["Other Specialty",1.0349999999999999,1.181,1.2270000000000001,1.1459999999999999,1.129,null,1.1709999999999998,1.0720000000000001,null,1.1709999999999998,1.169,1.1379999999999999]
["Combined ratio - Specialty ",0.8919999999999999,0.86599999999999999,0.91100000000000003,0.8580000000000001,0.83999999999999986,null,0.872,0.86399999999999999,null,0.872,0.87399999999999989,0.84899999999999998]
[]
["Other core charges",1E-3,-1E-3,1E-3,2E-3,1E-3,null,1E-3,1E-3,null,1E-3,1E-3,1E-3]
["Neon exited lines charge",0,0,0,0,0,null,0,0,null,0,0,0]
["Neon exited lines charge, underwriting expenses",0,0,0,0,0,null,0,0,null,0,0,0]
["Special A&E charges",0,0,0,0,0,null,0,0,null,0,0,0]
["Combined ratio",0.8929999999999999,0.86499999999999999,0.91200000000000003,0.8600000000000001,0.84099999999999986,null,0.873,0.86499999999999999,null,0.873,0.87499999999999989,0.85]
[]
[" P&C combined ratio excl. COVID-19 related losses,"]
[" catastrophe losses, and prior year loss reserve development",0.91500000000000004,0.89300000000000002,0.91700000000000004,0.90500000000000003,0.90100000000000002,null,0.90400000000000003,0.89600000000000002,null,0.90400000000000003,0.90900000000000003,0.90200000000000002]
[]
["Loss and LAE components - property and casualty insurance"]
["Current accident year, excluding COVID-19 related and catastrophe losses",0.59299999999999997,0.63500000000000001,0.67,0.60099999999999998,0.59199999999999997,null,0.628,0.61599999999999999,null,0.628,0.626,0.59599999999999997]
["COVID-19 related losses",0,0,0,0,0,null,0,3.0000000000000001E-3,null,0,0,0]
["Current accident year catastrophe losses",2.1999999999999999E-2,8.0000000000000002E-3,2.5000000000000001E-2,1.6E-2,7.0000000000000001E-3,null,1.6E-2,1.7999999999999999E-2,null,1.6E-2,1.7000000000000001E-2,1.2E-2]
["Prior accident year loss reserve development",-4.3999999999999997E-2,-3.5999999999999997E-2,-0.03,-6.0999999999999999E-2,-6.7000000000000004E-2,null,-4.7E-2,-5.1999999999999998E-2,null,-4.7E-2,-5.0999999999999997E-2,-6.4000000000000001E-2]
["Loss and LAE ratio",0.57099999999999995,0.60699999999999998,0.66500000000000004,0.55600000000000005,0.53200000000000003,null,0.59699999999999998,0.58499999999999996,null,0.59699999999999998,0.59199999999999997,0.54400000000000004]
[]
[]
[]
["    "]

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["American Financial Group, Inc."]
["Specialty - Underwriting Results (GAAP)"]
["($ in millions)"]
[]
[null,"Three Months Ended",null,null,null,null,null,"Twelve Months Ended"]
[null,"3/31/23","2022-12-31","2022-09-30","2022-06-30","2022-03-31",null,"2022-12-31","2021-12-31",null,"2022-12-31","9/30/22","6/30/22"]
[]
["Gross written premiums",2155,1845,3153,2123,1936,null,9057,7946,"",9057,7212,4059]
["Ceded reinsurance premiums",-636,-507,-1169,-607,-568,null,-2851,-2373,"",-2851,-2344,-1175]
["Net written premiums",1519,1338,1984,1516,1368,null,6206,5573,"",6206,4868,2884]
["Change in unearned premiums",-82,285,-217,-123,-66,null,-121,-169,"",-121,-406,-189]
["Net earned premiums",1437,1623,1767,1393,1302,null,6085,5404,"",6085,4462,2695]
[]
["Loss and LAE",819,987,1173,773,692,null,3625,3153,"",3625,2638,1465]
["Underwriting expense",463,419,436,423,402,null,1680,1514,"",1680,1261,825]
["Underwriting profit",155,217,158,197,208,null,780,737,"",780,563,405]
[]
["Included in results above:"]
["Current accident year COVID-19 related losses",0,0,0,0,0,null,0,16,"",0,0,0]
["Current accident year catastrophe losses:"]
["Catastrophe reinstatement premium",0,-13,18,0,0,null,5,12,"",5,18,0]
["Catastrophe losses",31,24,33,22,9,null,88,86,"",88,64,31]
["Total current accident year catastrophe losses",31,11,51,22,9,null,93,98,"",93,82,31]
[]
["Prior year loss reserve development (favorable) / adverse",-64,-58,-56,-86,-89,null,-289,-283,"",-289,-231,-175]
[]
["Combined ratio:"]
["Loss and LAE ratio",0.56999999999999995,0.60799999999999998,0.66400000000000003,0.55400000000000005,0.53099999999999992,null,0.59599999999999997,0.58399999999999996,null,0.59599999999999997,0.59099999999999997,0.54300000000000004]
["Underwriting expense ratio",0.32200000000000001,0.25800000000000001,0.247,0.30399999999999999,0.309,null,0.27600000000000002,0.28000000000000003,null,0.27600000000000002,0.28299999999999997,0.30599999999999999]
["Combined ratio",0.8919999999999999,0.86599999999999999,0.91100000000000003,0.8580000000000001,0.83999999999999986,null,0.872,0.86399999999999999,null,0.872,0.87399999999999989,0.84899999999999998]
[]
[" Specialty combined ratio excl. COVID-19 related losses,"]
[" catastrophe losses, and prior year loss reserve development",0.91500000000000004,0.89300000000000002,0.91700000000000004,0.90500000000000003,0.90100000000000002,null,0.90400000000000003,0.89600000000000002,null,0.90400000000000003,0.90900000000000003,0.90200000000000002]
[]
["Loss and LAE components:"]
["Current accident year, excluding COVID-19 related and catastrophe losses",0.59299999999999997,0.63500000000000001,0.67,0.60099999999999998,0.59199999999999997,null,0.628,0.61599999999999999,null,0.628,0.626,0.59599999999999997]
["COVID-19 related losses",0,0,0,0,0,null,0,3.0000000000000001E-3,null,0,0,0]
["Current accident year catastrophe losses",2.1999999999999999E-2,8.9999999999999993E-3,2.5000000000000001E-2,1.6E-2,7.0000000000000001E-3,null,1.4999999999999999E-2,1.7000000000000001E-2,null,1.4999999999999999E-2,1.7000000000000001E-2,1.2E-2]
["Prior accident year loss reserve development",-4.4999999999999998E-2,-3.5999999999999997E-2,-3.1E-2,-6.3E-2,-6.8000000000000005E-2,null,-4.7E-2,-5.1999999999999998E-2,null,-4.7E-2,-5.1999999999999998E-2,-6.5000000000000002E-2]
["Loss and LAE ratio",0.56999999999999995,0.60799999999999998,0.66400000000000003,0.55400000000000005,0.53099999999999992,null,0.59599999999999997,0.58399999999999996,null,0.59599999999999997,0.59099999999999997,0.54299999999999993]

{"sheet":"Pg 8 P&C_P&T_UW","index":7,"n_rows":40,"n_cols":13,"rows_kept":40,"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,"3/31/23","2022-12-31","2022-09-30","2022-06-30","2022-03-31",null,"2022-12-31","2021-12-31",null,"2022-12-31","9/30/22","6/30/22"]
[]
["Gross written premiums",872,601,1737,962,760,null,4060,3263,null,4060,3459,1722]
["Ceded reinsurance premiums",-320,-178,-778,-330,-259,null,-1545,-1106,null,-1545,-1367,-589]
["Net written premiums",552,423,959,632,501,null,2515,2157,null,2515,2092,1133]
["Change in unearned premiums",-77,259,-102,-127,-58,null,-28,-13,null,-28,-287,-185]
["Net earned premiums",475,682,857,505,443,null,2487,2144,null,2487,1805,948]
[]
["Loss and LAE",289,489,663,327,256,null,1735,1394,null,1735,1246,583]
["Underwriting expense",143,125,155,139,125,null,544,471,null,544,419,264]
["Underwriting profit",43,68,39,39,62,null,208,279,null,208,140,101]
[]
["Included in results above:"]
["Current accident year COVID-19 related losses",0,0,0,0,0,null,0,0,null,0,0,0]
["Current accident year catastrophe losses:"]
["Catastrophe reinstatement premium",0,-1,4,0,0,null,3,9,null,3,4,0]
["Catastrophe losses",19,8,9,19,6,null,42,49,null,42,34,25]
["Total current accident year catastrophe losses",19,7,13,19,6,null,45,58,null,45,38,25]
[]
["Prior year loss reserve development (favorable) / adverse",-37,-13,-15,-30,-34,null,-92,-103,null,-92,-79,-64]
[]
["Combined ratio:"]
["Loss and LAE ratio",0.6090000000000001,0.71799999999999997,0.77300000000000002,0.64700000000000002,0.57700000000000007,null,0.69799999999999995,0.65100000000000002,null,0.69799999999999995,0.69,0.61399999999999999]
["Underwriting expense ratio",0.30099999999999999,0.182,0.18099999999999999,0.27700000000000002,0.28100000000000003,null,0.219,0.22,null,0.219,0.23200000000000001,0.27900000000000003]
["Combined ratio",0.91000000000000014,0.89999999999999991,0.95399999999999996,0.92400000000000004,0.8580000000000001,null,0.91699999999999993,0.871,null,0.91699999999999993,0.92199999999999993,0.89300000000000002]
[]
[" Combined ratio excl. COVID-19 related losses,"]
[" catastrophe losses, and prior year loss reserve development",0.94799999999999995,0.90799999999999992,0.95799999999999996,0.94600000000000006,0.92100000000000004,null,0.93499999999999994,0.89200000000000002,null,0.93499999999999994,0.94599999999999995,0.93400000000000005]
[]
["Loss and LAE components:"]
["Current accident year, excluding COVID-19 related and catastrophe losses",0.64700000000000002,0.72599999999999998,0.77700000000000002,0.66900000000000004,0.64,null,0.71599999999999997,0.67200000000000004,null,0.71599999999999997,0.71399999999999997,0.65500000000000003]
["COVID-19 related losses",0,0,0,0,0,null,0,0,null,0,0,0]
["Current accident year catastrophe losses",0.04,0.01,1.4E-2,3.7999999999999999E-2,1.4E-2,null,1.9E-2,2.7E-2,null,1.9E-2,0.02,2.7E-2]
["Prior accident year loss reserve development",-7.8E-2,-1.7999999999999999E-2,-1.7999999999999999E-2,-0.06,-7.6999999999999999E-2,null,-3.6999999999999998E-2,-4.8000000000000001E-2,null,-3.6999999999999998E-2,-4.3999999999999997E-2,-6.8000000000000005E-2]
["Loss and LAE ratio",0.6090000000000001,0.71799999999999997,0.77300000000000002,0.64700000000000002,0.57700000000000007,null,0.69799999999999995,0.65100000000000002,null,0.69799999999999995,0.69,0.6140000000000001]

{"sheet":"Pg 9 P&C_SC_UW","index":8,"n_rows":40,"n_cols":13,"rows_kept":40,"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,"3/31/23","2022-12-31","2022-09-30","2022-06-30","2022-03-31",null,"2022-12-31","2021-12-31",null,"2022-12-31","9/30/22","6/30/22"]
[]
["Gross written premiums",1061,1007,1184,948,976,null,4115,3890,null,4115,3108,1924]
["Ceded reinsurance premiums",-339,-352,-407,-302,-326,null,-1387,-1350,null,-1387,-1035,-628]
["Net written premiums",722,655,777,646,650,null,2728,2540,null,2728,2073,1296]
["Change in unearned premiums",-18,31,-100,11,-11,null,-69,-132,null,-69,-100,0]
["Net earned premiums",704,686,677,657,639,null,2659,2408,null,2659,1973,1296]
[]
["Loss and LAE",417,381,374,354,344,null,1453,1399,null,1453,1072,698]
["Underwriting expense",199,177,185,173,171,null,706,632,null,706,529,344]
["Underwriting profit",88,128,118,130,124,null,500,377,null,500,372,254]
[]
["Included in results above:"]
["Current accident year COVID-19 related losses",0,0,0,0,0,null,0,9,null,0,0,0]
["Current accident year catastrophe losses:"]
["Catastrophe reinstatement premium",0,-1,1,0,0,null,0,1,null,0,1,0]
["Catastrophe losses",3,8,2,0,1,null,11,9,null,11,3,1]
["Total current accident year catastrophe losses",3,7,3,0,1,null,11,10,null,11,4,1]
[]
["Prior year loss reserve development (favorable) / adverse",-27,-50,-42,-49,-49,null,-190,-140,null,-190,-140,-98]
[]
["Combined ratio:"]
["Loss and LAE ratio",0.59199999999999997,0.55400000000000005,0.55299999999999994,0.53900000000000003,0.53800000000000003,null,0.54700000000000004,0.58099999999999996,null,0.54700000000000004,0.54300000000000004,0.53900000000000003]
["Underwriting expense ratio",0.28299999999999997,0.25900000000000001,0.27300000000000002,0.26200000000000001,0.26800000000000002,null,0.26500000000000001,0.26200000000000001,null,0.26500000000000001,0.26800000000000002,0.26500000000000001]
["Combined ratio",0.875,0.81300000000000006,0.82599999999999996,0.80100000000000005,0.80600000000000005,null,0.81200000000000006,0.84299999999999997,null,0.81200000000000006,0.81100000000000005,0.80400000000000005]
[]
[" Combined ratio excl. COVID-19 related losses,"]
[" catastrophe losses, and prior year loss reserve development",0.90900000000000003,0.875,0.88500000000000001,0.875,0.88100000000000001,null,0.879,0.89300000000000002,null,0.879,0.88100000000000001,0.879]
[]
["Loss and LAE components:"]
["Current accident year, excluding COVID-19 related and catastrophe losses",0.626,0.61599999999999999,0.61199999999999999,0.61299999999999999,0.61299999999999999,null,0.61399999999999999,0.63100000000000001,null,0.61399999999999999,0.61299999999999999,0.61399999999999999]
["COVID-19 related losses",0,0,0,0,0,null,0,4.0000000000000001E-3,null,0,0,0]
["Current accident year catastrophe losses",4.0000000000000001E-3,1.0999999999999999E-2,4.0000000000000001E-3,1E-3,1E-3,null,5.0000000000000001E-3,4.0000000000000001E-3,null,5.0000000000000001E-3,1E-3,1E-3]
["Prior accident year loss reserve development",-3.7999999999999999E-2,-7.2999999999999995E-2,-6.3E-2,-7.4999999999999997E-2,-7.5999999999999998E-2,null,-7.1999999999999995E-2,-5.8000000000000003E-2,null,-7.1999999999999995E-2,-7.0999999999999994E-2,-7.5999999999999998E-2]
["Loss and LAE ratio",0.59199999999999997,0.55400000000000005,0.55299999999999994,0.53900000000000003,0.53800000000000003,null,0.54700000000000004,0.58099999999999996,null,0.54700000000000004,0.54300000000000004,0.53900000000000003]

{"sheet":"Pg 10 P&C_SF_UW","index":9,"n_rows":40,"n_cols":13,"rows_kept":40,"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,"3/31/23","2022-12-31","2022-09-30","2022-06-30","2022-03-31",null,"2022-12-31","2021-12-31",null,"2022-12-31","9/30/22","6/30/22"]
[]
["Gross written premiums",222,237,232,213,200,null,882,793,null,882,645,413]
["Ceded reinsurance premiums",-38,-38,-56,-36,-41,null,-171,-135,null,-171,-133,-77]
["Net written premiums",184,199,176,177,159,null,711,658,null,711,512,336]
["Change in unearned premiums",12,-6,-5,-6,4,null,-13,-16,null,-13,-7,-2]
["Net earned premiums",196,193,171,171,163,null,698,642,null,698,505,334]
[]
["Loss and LAE",71,66,80,44,48,null,238,213,null,238,172,92]
["Underwriting expense",99,94,76,90,86,null,346,333,null,346,252,176]
["Underwriting profit",26,33,15,37,29,null,114,96,null,114,81,66]
[]
["Included in results above:"]
["Current accident year COVID-19 related losses",0,0,0,0,0,null,0,7,null,0,0,0]
["Current accident year catastrophe losses:"]
["Catastrophe reinstatement premium",0,-10,13,0,0,null,3,2,null,3,13,0]
["Catastrophe losses",4,7,21,3,2,null,33,26,null,33,26,5]
["Total current accident year catastrophe losses",4,-3,34,3,2,null,36,28,null,36,39,5]
[]
["Prior year loss reserve development (favorable) / adverse",-3,-8,-11,-15,-13,null,-47,-51,null,-47,-39,-28]
[]
["Combined ratio:"]
["Loss and LAE ratio",0.36,0.33800000000000002,0.47200000000000003,0.25700000000000001,0.29399999999999998,null,0.34099999999999997,0.33199999999999996,null,0.34099999999999997,0.34100000000000003,0.27500000000000002]
["Underwriting expense ratio",0.505,0.49299999999999999,0.441,0.52700000000000002,0.52600000000000002,null,0.496,0.51900000000000002,null,0.496,0.498,0.52600000000000002]
["Combined ratio",0.86499999999999999,0.83099999999999996,0.91300000000000003,0.78400000000000003,0.82000000000000006,null,0.83699999999999997,0.85099999999999998,null,0.83699999999999997,0.83899999999999997,0.80100000000000005]
[]
[" Combined ratio excl. COVID-19 related losses,"]
[" catastrophe losses, and prior year loss reserve development",0.85699999999999998,0.85299999999999998,0.82400000000000007,0.85699999999999998,0.88900000000000001,null,0.85599999999999998,0.879,null,0.85599999999999998,0.85699999999999998,0.872]
[]
["Loss and LAE components:"]
["Current accident year, excluding COVID-19 related and catastrophe losses",0.35199999999999998,0.36,0.38300000000000001,0.33,0.36299999999999999,null,0.36,0.36,null,0.36,0.35899999999999999,0.34599999999999997]
["COVID-19 related losses",0,0,0,0,0,null,0,1.0999999999999999E-2,null,0,0,0]
["Current accident year catastrophe losses",2.1999999999999999E-2,1.9E-2,0.152,1.4999999999999999E-2,1.2E-2,null,4.9000000000000002E-2,4.1000000000000002E-2,null,4.9000000000000002E-2,0.06,1.4E-2]
["Prior accident year loss reserve development",-1.4E-2,-4.1000000000000002E-2,-6.3E-2,-8.7999999999999995E-2,-8.1000000000000003E-2,null,-6.8000000000000005E-2,-0.08,null,-6.8000000000000005E-2,-7.8E-2,-8.5000000000000006E-2]
["Loss and LAE ratio",0.36,0.33800000000000002,0.47200000000000003,0.25700000000000001,0.29399999999999998,null,0.34099999999999997,0.33199999999999996,null,0.34099999999999997,0.34099999999999997,0.27499999999999997]

{"sheet":"Pg 11 P&C_Spec_Other_UW","index":10,"n_rows":33,"n_cols":13,"rows_kept":33,"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,"3/31/23","2022-12-31","2022-09-30","2022-06-30","2022-03-31",null,"2022-12-31","2021-12-31",null,"2022-12-31","9/30/22","6/30/22"]
[]
["Gross written premiums",0,0,0,0,0,null,0,0,null,0,0,0]
["Ceded reinsurance premiums",61,61,72,61,58,null,252,218,null,252,191,119]
["Net written premiums",61,61,72,61,58,null,252,218,null,252,191,119]
["Change in unearned premiums",1,1,-10,-1,-1,null,-11,-8,null,-11,-12,-2]
["Net earned premiums",62,62,62,60,57,null,241,210,null,241,179,117]
[]
["Loss and LAE",42,51,56,48,44,null,199,147,null,199,148,92]
["Underwriting expense",22,23,20,21,20,null,84,78,null,84,61,41]
["Underwriting profit (loss)",-2,-12,-14,-9,-7,null,-42,-15,null,-42,-30,-16]
[]
["Included in results above:"]
["Current accident year COVID-19 related losses",0,0,0,0,0,null,0,0,null,0,0,0]
["Current accident year catastrophe losses:"]
["Catastrophe reinstatement premium",0,-1,0,0,0,null,-1,0,null,-1,0,0]
["Catastrophe losses",5,1,1,0,0,null,2,2,null,2,1,0]
["Total current accident year catastrophe losses",5,0,1,0,0,null,1,2,null,1,1,0]
[]
["Prior year loss reserve development (favorable) / adverse",3,13,12,8,7,null,40,11,null,40,27,15]
[]
["Combined ratio:"]
["Loss and LAE ratio",0.69,0.83299999999999996,0.89300000000000002,0.79600000000000004,0.77100000000000002,null,0.82399999999999995,0.7,null,0.82399999999999995,0.82199999999999995,0.78400000000000003]
["Underwriting expense ratio",0.34499999999999997,0.34799999999999998,0.33400000000000002,0.35,0.35799999999999998,null,0.34699999999999998,0.372,null,0.34699999999999998,0.34699999999999998,0.35399999999999998]
["Combined ratio",1.0349999999999999,1.181,1.2270000000000001,1.1459999999999999,1.129,null,1.1709999999999998,1.0720000000000001,null,1.1709999999999998,1.169,1.1379999999999999]
[]
[" Combined ratio excl. COVID-19 related losses,"]
[" catastrophe losses, and prior year loss reserve development",0.98299999999999998,0.98499999999999999,1.0069999999999999,1.0149999999999999,0.999,null,1.0009999999999999,1.008,null,1.0009999999999999,1.008,1.0069999999999999]

{"sheet":"Pg 12 Annuity Results","index":11,"n_rows":32,"n_cols":53,"rows_kept":32,"cut":false,"hidden":false,"merged":[[21,0,21,1],[25,0,25,1],[4,34,4,35],[4,48,4,51],[4,31,4,32],[4,37,4,38],[4,40,4,41]]}
["American Financial Group, Inc."]
["Discontinued Annuity Operations"]
["($ in millions)"]
[]
[null,null,null,"Three Months Ended (a)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Six Months Ended",null,null,"Six Months Ended (a)",null,null,"Twelve Months Ended",null,null,"Twelve Months Ended",null,null,null,null,null,null,null,"Twelve Months Ended"]
[null,null,"2022-12-31","9/30/22","6/30/22","3/31/22","12/31/21","9/30/20","6/30/20","3/31/20","12/31/19","9/30/19","6/30/19","3/31/19","12/31/18","9/30/18","6/30/18","3/31/18","12/31/17","09/30/17","06/30/17","03/31/17","12/31/16","09/30/16","06/30/16","03/31/16","12/31/15","09/30/15","06/30/15","03/31/15",null,"6/30/20","6/30/19",null,"6/30/21","6/30/20",null,"12/31/20","12/31/19",null,"2022-12-31","12/31/21","9/30/19","09/30/18","09/30/17","09/30/16","09/30/15",null,"12/31/19","12/31/18","12/31/17","12/31/16","12/31/15"]
[]
["Core Annuity earnings before income taxes",null,null,{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},null,{"$error":"#REF!"},{"$error":"#REF!"},null,{"$error":"#REF!"},{"$error":"#REF!"},null,{"$error":"#REF!"},{"$error":"#REF!"},null,{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},null,{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"}]
[]
["ELNY guaranty fund assessments charge before income tax (a)",null,null,0,0,0,0,0,0,0,0,0,0,0,0,{"$error":"#REF!"},{"$error":"#REF!"},0,0,{"$error":"#REF!"},{"$error":"#REF!"},0,0,{"$error":"#REF!"},{"$error":"#REF!"},0,0,0,0,0,null,0,0,null,0,0,null,0,0,null,0,0,0,0,0,0,0,null,0,0,0,0,0]
[]
["Pretax Annuity historically reported as core operating (a)",null,0,0,0,0,0,121,42,67,104,98,106,101,86,100,113,125,97,{"$error":"#REF!"},{"$error":"#REF!"},96,132,{"$error":"#REF!"},{"$error":"#REF!"},53,138,298,-143,75,null,109,109,null,295,109,null,{"$error":"#REF!"},{"$error":"#REF!"},null,0,295,{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},null,{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"},{"$error":"#REF!"}]
[]
["Impact of fair vaule, reinsurance accounting & unlocking",null,0,0,0,0,0,-43,-59,-38,84,75,75,75,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-188,-188,null,-33,-97,null,-188,-47,null,0,-33]
["Realized gains of Annuity subs",null,0,0,0,0,0,22,96,-223,84,75,75,75,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,365,365,null,112,-127,null,365,132,null,0,112,225,null,null,null,null,null,309,305]
["Run-off life and long-term care",null,0,0,0,0,0,-3,0,-3,"n/a","n/a","n/a",-11,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-8,-8,null,0,-3,null,null,null,null,0,0]
[]
["Pretax earnings of businesses sold to Mass Mutual",null,0,0,0,0,0,97,79,-197,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,374,-118,null,null,null,null,0,374]
[]
["Less amounts included in continuing operations",null,0,0,0,0,0,-3,-1,-6,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-50,-7,null,null,null,null,0,-50]
[]
["Pretax results from discontinued operations, \n excluding the gain on sale of discontinued operations",null,0,0,0,0,0,94,78,-203,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,324,-125,null,null,null,null,0,324]
[]
["Taxes",null,0,0,0,0,0,-18,-14,43,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-66,29,null,null,null,null,0,-66]
[]
["Net earnings from discontinued operations, \n excluding the gain on sale of discontinued operations",null,0,0,0,0,0,76,64,-160,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,258,-96,null,null,null,null,0,258]
[]
["Gain on sale of annuity business",null,0,0,0,0,0,0,0,0,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,656,0,null,null,null,null,0,656]
[]
["Net earnings from discontinued operations",null,0,0,0,0,0,76,64,-160,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$error":"#REF!"},{"$error":"#REF!"},null,914,-96,null,{"$error":"#REF!"},{"$error":"#REF!"},null,0,914]
[]
["(a) AFG completed the sale of its Annuity businesses on May 28, 2021. The amounts for twelve months ended 12/31/21 only include earnings through the sale date."]

{"sheet":"Pg 13 Balance Sheet","index":13,"n_rows":42,"n_cols":7,"rows_kept":42,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Consolidated Balance Sheet"]
["($ in millions)"]
[]
[null,"3/31/23","2022-12-31","2022-09-30","2022-06-30","2022-03-31","2021-12-31"]
["Assets:"]
["Total cash and investments",14451,14512,14322,14268,15601,15745]
["Recoverables from reinsurers",3838,3977,4108,3567,3478,3519]
["Prepaid reinsurance premiums",1021,917,1180,1006,933,834]
["Agents' balances and premiums receivable",1459,1339,1698,1623,1391,1265]
["Deferred policy acquisition costs",285,288,292,293,271,267]
["Assets of managed investment entities",5391,5447,5099,5218,5231,5296]
["Other receivables",637,886,1328,740,645,857]
["Assets of discontinued annuity operations",0,0,0,0,0,0]
["Other assets",1153,1219,1259,1123,966,902]
["Goodwill",246,246,246,246,246,246]
["Total assets",28481,28831,29532,28084,28762,28931]
[]
["Liabilities and Equity:"]
["Unpaid losses and loss adjustment expenses",11761,11974,12067,11201,10986,11074]
["Unearned premiums",3435,3246,3785,3397,3206,3041]
["Payable to reinsurers",911,1035,1366,971,910,920]
["Liabilities of managed investment entities",5258,5332,5002,5133,5112,5220]
["Long-term debt",1478,1496,1533,1542,1917,1964]
["Liabilities of discontinued annuity operations",0,0,0,0,0,0]
["Other liabilities",1697,1696,1847,1773,1796,1700]
["Total liabilities",24540,24779,25600,24017,23927,23919]
[]
["Redeemable noncontrolling interests"]
[]
["Shareholders' equity:"]
["Common stock",85,85,85,85,85,85]
["Capital surplus",1374,1368,1358,1351,1340,1330]
["Appropriated retained earnings",0,0,0,0,0,0]
["Retained earnings",2933,3142,3091,2979,3541,3478]
["Unrealized gains - equities",0,0,0,0,0,0]
["Unrealized gains (losses) - fixed maturities",-413,-497,-554,-326,-109,136]
["Unrealized losses - fixed maturity-related cash flow hedges",-21,-29,-29,-8,-4,0]
["Other comprehensive income (loss), net of tax",-17,-17,-19,-14,-18,-17]
["Total shareholders' equity",3941,4052,3932,4067,4835,5012]
[]
["Total liabilities and equity",28481,28831,29532,28084,28762,28931]

{"sheet":"Pg 14 Book Value","index":14,"n_rows":32,"n_cols":7,"rows_kept":32,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Book Value Per Share and Price / Book Summary"]
["(in millions, except per share information)"]
[]
[null,"3/31/23","2022-12-31","2022-09-30","2022-06-30","2022-03-31","2021-12-31"]
[]
["Shareholders' equity",3941,4052,3932,4067,4835,5012]
["Appropriated retained earnings",0,0,0,0,0,0]
["Shareholders' equity, excluding appropriated retained earnings",3941,4052,3932,4067,4835,5012]
["Unrealized (gains) losses related to fixed maturities",434,526,583,334,113,-136]
["Adjusted shareholders' equity",4375,4578,4515,4401,4948,4876]
["Goodwill",-246,-246,-246,-246,-246,-246]
["Intangibles",-105,-108,-111,-101,-104,-106]
["Tangible adjusted shareholders' equity",4024,4224,4158,4054,4598,4524]
[]
["Common shares outstanding",85.171999999999997,85.203999999999994,85.141000000000005,85.153999999999996,85.102999999999994,84.921000000000006]
[]
["Book value per share:"]
["Book value per share",46.271075001174097,47.556452748697247,46.182215383892597,47.76052798459262,56.813508336956396,59.019559355165384]
["Adjusted (a)",51.366646315690602,53.72987183700296,53.029680177587764,51.682833454682111,58.141311117116906,57.418070912966165]
["Tangible, adjusted (b)",47.245573662706057,49.575137317496832,48.83663569842966,47.6,54.02,53.26]
[]
["Market capitalization"]
[]
["AFG's closing common share price",121.5,137.28,122.93,138.81,145.62,137.32]
[]
["Market capitalization",10348,11697,10466,11820,12393,11661]
[]
["Price / Adjusted book value ratio",2.3653481142857142,2.5550033027522936,2.3181357984496125,2.6858047580095432,2.5045874818108329,2.3915815668580804]
[]
["(a) Excludes unrealized gains (losses) related to fixed maturity investments."]
["(b) Excludes unrealized gains (losses) related to fixed maturity investments, goodwill and intangibles."]

{"sheet":"Pg 15 Capitalization","index":15,"n_rows":29,"n_cols":7,"rows_kept":29,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Capitalization"]
["($ in millions)"]
[]
[null,"3/31/23","2022-12-31","2022-09-30","2022-06-30","2022-03-31","2021-12-31"]
[]
["AFG senior obligations",828,846,884,893,1270,1318]
["Borrowings drawn under credit facility",0,0,0,0,0,0]
["Obligations of subsidiaries - other",0,0,0,0,0,0]
["Debt excluding subordinated debt",828,846,884,893,1270,1318]
[]
["AFG subordinated debentures",675,675,675,675,675,675]
["Obligations of subsidiaries - secured by real estate",0,0,0,0,0,0]
["Total principal amount of long-term debt",1503,1521,1559,1568,1945,1993]
[]
["Shareholders' equity",3941,4052,3932,4067,4835,5012]
["Noncontrolling interests (including redeemable NCI)",0,0,0,0,0,0]
["Less:"]
["  Appropriated retained earnings",0,0,0,0,0,0]
["  Unrealized (gains) losses related to fixed maturity investments",434,526,583,334,113,-136]
["Total adjusted capital",5878,6099,6074,5969,6893,6869]
[]
["Less:"]
["Obligations of subsidiaries - secured by real estate",0,0,0,0,0,0]
["Total adjusted capital excluding obligations secured by real estate",5878,6099,6074,5969,6893,6869]
[]
["Ratio of debt to total adjusted capital:"]
["Including subordinated debt",0.25569921742089147,0.24938514510575505,0.25666776424102733,0.26269056793432738,0.2821703177136225,0.29014412578250109]
["Excluding subordinated debt",0.14086423953725757,0.13871126414166257,0.14553836022390518,0.14960629921259844,0.18424488611634993,0.19187654680448391]

{"sheet":"Pg 16 Additional Supp Data","index":16,"n_rows":27,"n_cols":13,"rows_kept":27,"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,"3/31/23","2022-12-31","2022-09-30","2022-06-30","2022-03-31",null,"2022-12-31","2021-12-31",null,"2022-12-31","9/30/22","6/30/22"]
["Property and Casualty Insurance"]
[]
["Paid Losses (GAAP)",881,914,776,678,714,null,3082,2777,null,3082,2168,1392]
[]
[]
[]
[]
[]
[null,"3/31/23","2022-12-31","2022-09-30","2022-06-30","2022-03-31",null,"2021-12-31",null,null,null,"`"]
["GAAP Equity (excluding AOCI)"]
[]
["Property and Casualty Insurance",5392,5433,5527,5399,5375,null,5228]
["Annuity",0,0,0,0,0,null,0]
["Parent and other subsidiaries",-1000,-838,-993,-984,-409,null,-335]
["AFG GAAP Equity (excluding AOCI)",4392,4595,4534,4415,4966,null,4893]
[null,""]
["Allowable dividends without regulatory approval"]
[]
["Property and Casualty Insurance",887,887,843,843,843,null,843]
["Annuity and Run-off",0,0,0,0,0,null,0]
["Total ",887,887,843,843,843,null,843]

{"sheet":"Pg 17 Inv_Schedule","index":17,"n_rows":37,"n_cols":8,"rows_kept":37,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Total Cash and Investments"]
["($ in millions)"]
[]
[null,"Carrying Value - March 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",629,228,0,857,0.06]
["Fixed maturities - Available for sale",9642,402,0,10044,0.7,""]
["Fixed maturities - Trading",36,0,0,36,0]
["Equity securities - Common stocks",579,0,0,579,0.04]
["Equity securities - Perpetual preferred",429,0,0,429,0.03]
["Investments accounted for using the equity method",1732,1,0,1733,0.12,"",""]
["Mortgage loans",646,0,0,646,0.04]
["Real estate and other investments",170,89,-132,127,0.01]
["Total cash and investments",13863,720,-132,14451,"100%"]
[null,null,null,""]
["Unrealized gain/(loss) on equity securities",0,0,0,0]
[]
[null,"Carrying Value - December 31, 2022"]
[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",622,250,0,872,0.06]
["Fixed maturities - Available for sale",9505,590,0,10095,0.7,""]
["Fixed maturities - Trading",32,0,0,32,0]
["Equity securities - common stocks",553,0,0,553,0.04]
["Equity securities - perpetual preferred",457,0,0,457,0.03]
["Investments accounted for using the equity method",1699,1,0,1700,0.12]
["Mortgage loans",676,0,0,676,0.04]
["Real estate and other investments",153,89,-115,127,0.01]
["Total cash and investments",13697,930,-115,14512,"100%"]
[]
["Unrealized gain/(loss) on equity securities",0,0,0,0]

{"sheet":"Pg 18 Qtr_NII","index":18,"n_rows":41,"n_cols":13,"rows_kept":41,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Net Investment Income From Continuing Operations"]
["($ in millions)"]
[]
[null,"Three Months Ended",null,null,null,null,null,"Twelve Months Ended"]
[null,"3/31/23","2022-12-31","2022-09-30","2022-06-30","2022-03-31",null,"2022-12-31","2021-12-31",null,"2022-12-31","9/30/22","6/30/22"]
["Property and Casualty Insurance:"]
["Gross investment income excluding alternative investments"]
["Fixed maturities",112,107,93,82,76,null,358,281,null,356,250,157]
["Equity securities",9,13,8,7,7,null,35,28,null,38,24,14]
["Other investments (a)",13,14,12,9,5,null,40,26,null,40,26,14]
["Gross investment income excluding alternative investments",134,134,113,98,88,null,433,335,null,698,536,387]
["Gross investment income from alternative investments (b)",78,28,36,62,139,null,265,340]
["Total gross investment income",212,162,149,160,227,null,698,675]
["Investment expenses",-5,-3,-4,-4,-4,null,-15,-12,null,-15,-12,-8]
["Total net investment income",207,159,145,156,223,null,683,663,null,683,524,379]
[]
["Average cash and investments (c)",14350,14304,14105,13983,13858,null,14048,12944,null,14048,13981,13878]
[]
["Average yield - fixed maturities before inv expenses (d)",4.3999999999999997E-2,4.1500000000000002E-2,3.73E-2,3.3300000000000003E-2,3.2000000000000001E-2,null,3.6299999999999999E-2,3.1300000000000001E-2,null,3.6299999999999999E-2,3.4299999999999997E-2]
["Average yield - overall portfolio, net (d)","5.77%","4.45%","4.11%","4.46%","6.44%",null,"4.86%","5.12%",null,"19.45%","5.00%","5.46%"]
["Average tax equivalent yield - overall portfolio, net (d)",5.8299999999999998E-2,4.53E-2,4.2099999999999999E-2,4.5600000000000002E-2,6.54E-2,null,4.9599999999999998E-2,5.2499999999999998E-2,null,4.9599999999999998E-2,5.0999999999999997E-2]
[]
["AFG consolidated net investment income:"]
["Property & Casualty core",207,159,145,156,223,null,683,663,null,683,524,379]
["Equity in Investees (e)",0,0,0,0,0,null,0,49,null,0,0,0]
["Other Investments (e)",0,0,0,0,0,null,0,2,null,0,0,0]
["Parent & other",11,9,10,0,5,null,24,36,null,24,15,5]
["Consolidate CLOs",-1,0,-4,12,2,null,10,-20,null,10,10,14]
["Total net investment income",217,168,151,168,230,null,717,730,null,717,549,398]
[]
["Average cash and investments (c)",15058,15083,14852,15210,15656,null,15231,14715,null,15231,15254]
[]
["Average yield - overall portfolio, net (d)","5.76%","4.46%","4.07%","4.42%","5.88%",null,"4.71%","4.96%",null,"18.83%","4.80%"]
["Average yield - fixed maturities before inv expenses (d)",4.4299999999999999E-2,4.19E-2,3.7400000000000003E-2,3.1699999999999999E-2,3.0300000000000001E-2,null,3.5400000000000001E-2,3.0200000000000001E-2,null,3.5400000000000001E-2,3.32E-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 19."]
["(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."]
["(e) Investment income on real estate-related assets retained by AFG from the sale of the annuity business."]

{"sheet":"Pg 19 Inv_MTM_II","index":19,"n_rows":45,"n_cols":13,"rows_kept":45,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Alternative Investments - Continuing Operations"]
["($ in millions)"]
[]
[null,"Three Months Ended",null,null,null,null,null,"Twelve Months Ended"]
[null,"3/31/23","2022-12-31","2022-09-30","2022-06-30","2022-03-31",null,"2022-12-31","2021-12-31",null,"2022-12-31","9/30/22","6/30/22"]
["Property and Casualty Insurance:"]
["Net Investment Income"]
["Convertible fixed maturities MTM through investment income",4,0,0,0,0,null,0,0,null,8,1,6]
["Equity securities MTM through investment income (a)",16,7,-5,-2,8,null,8,48,null,8,1,6]
["Investments accounted for using the equity method (b)",57,21,37,76,133,null,267,272,null,267,246,209]
["AFG managed CLOs (eliminated in consolidation)",1,0,4,-12,-2,null,-10,20,null,-10,-10,-14]
["Total Property & Casualty",78,28,36,62,139,null,265,340,null,265,237,201]
[]
["Investments"]
["Convertible fixed maturities MTM through investment income",19,0,0,0,0,null,0,0,null,332,289,276]
["Equity securities MTM through investment income (a)",377,332,289,276,261,null,332,234,null,1699,1661,1626]
["Investments accounted for using the equity method (b)",1732,1699,1661,1626,1619,null,1699,1517,null,1699,1661,1626]
["AFG managed CLOs (eliminated in consolidation)",132,115,97,85,119,null,115,76,null,115,97,85]
["Total Property & Casualty",2260,2146,2047,1987,1999,null,2146,1827,null,2146,2047,1987]
[]
["Annualized Return - Property & Casualty",0.14199999999999999,5.2999999999999999E-2,7.0999999999999994E-2,0.124,0.29099999999999998,null,0.13200000000000001,0.253,null,0.13200000000000001,0.161,0.20699999999999999]
[]
["Continuing Operations:"]
["Net Investment Income"]
["Convertible fixed maturities MTM through investment income",4,0,0,0,0,null,0,0,null,8,1,6]
["Equity securities MTM through investment income (a)",16,7,-5,-2,8,null,8,48,null,267,246,209]
["Investments accounted for using the equity method (b)(c)",57,21,37,76,133,null,267,321,null,267,246,209]
["AFG managed CLOs (eliminated in consolidation)",1,0,4,-12,-2,null,-10,20,null,-10,-10,-14]
["Total Continuing operations",78,28,36,62,139,null,265,389,null,265,237,201]
[]
["Investments"]
["Convertible fixed maturities MTM through investment income",19,0,0,0,0,null,0,0,null,332,289,276]
["Equity securities MTM through investment income (a)",377,332,289,276,261,null,332,234,null,1700,1661,1626]
["Investments accounted for using the equity method (b)",1733,1700,1661,1626,1619,null,1700,1517,null,1700,1661,1626]
["AFG managed CLOs (eliminated in consolidation)",132,115,97,85,119,null,115,76,null,115,97,85]
["Total Continuing operations",2261,2147,2047,1987,1999,null,2147,1827,null,2147,2047,1987]
[]
["Annualized Return - Continuing operations",0.14199999999999999,5.2999999999999999E-2,7.0999999999999994E-2,0.124,0.29099999999999998,null,0.13200000000000001,0.24,null,0.13200000000000001,0.161,0.20699999999999999]
[]
[]
["(a) AFG records holding gains and losses in net investment income on its portfolio of limited partnerships and similar investments that do not qualify "]
["     for equity method accounting and certain other 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."]
["(c) Includes investment income on real estate-related partnerships retained by AFG from the sale of the annuity business."]

{"sheet":"Pg 20 Inv_FM_Cons","index":20,"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"]
["March 31, 2023","Book Value (a)","Fair Value","Gain (Loss)","Fair Value","Portfolio"]
["US Government and government agencies",236,225,-11,0.02,0.02]
["States, municipalities and political subdivisions",1024,993,-31,0.1,7.0000000000000007E-2]
["Foreign government",269,257,-12,1.9999999999999997E-2,0.02]
["Residential mortgage-backed securities",1741,1589,-152,0.16,0.11]
["Commercial mortgage-backed securities",80,78,-2,0.01,0.01]
["Collateralized loan obligations",1949,1899,-50,0.19,0.13]
["Other asset-backed securities",2387,2241,-146,0.22,0.15]
["Corporate and other bonds",2917,2798,-119,"28%","19%"]
["Total AFG consolidated",10603,10080,-523,"100%","70%",""]
[null,null,null,null,""]
[]
["Approximate duration - P&C","3.2 years"]
["Approximate duration - P&C including cash","3.0 years"]
[null,null,null,null,null,"% of"]
[null,null,null,"Unrealized","% of","Investment"]
["December 31, 2022","Book Value (a)","Fair Value","Gain (Loss)","Fair Value","Portfolio"]
["US Government and government agencies",233,219,-14,0.02,0.02]
["States, municipalities and political subdivisions",1234,1186,-48,0.12,0.08]
["Foreign government",266,252,-14,1.9999999999999997E-2,0.02]
["Residential mortgage-backed securities",1755,1598,-157,0.16,0.11]
["Commercial mortgage-backed securities",88,85,-3,0.01,0.01]
["Collateralized loan obligations",1987,1921,-66,0.19,0.13]
["Other asset-backed securities",2428,2245,-183,0.22,0.15]
["Corporate and other bonds",2766,2621,-145,"26%","18%"]
["Total AFG consolidated",10757,10127,-630,"100%","70%",""]
[null,null,null,null,""]
["Approximate duration - P&C","3.1 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 21 FM_Rating_NAIC_23","index":21,"n_rows":49,"n_cols":11,"rows_kept":49,"cut":false,"hidden":false,"merged":[]}
["Appendix A"]
["American Financial Group, Inc."]
["Fixed Maturities by Credit Rating & NAIC Designation by Type"]
["3/31/2023"]
["($ in millions)"]
[]
[]
[null,"Fair Value by Type"]
["By Credit Rating (a)","US Gov","Munis","Frgn Gov","RMBS","CMBS","CLOs","ABS","Corp/Oth","Total","% Total"]
["Investment grade"]
["     AAA",225,381,240,1325,62,1677,864,24,4798,0.48]
["     AA",0,553,9,2,12,178,319,151,1224,0.12]
["     A",0,48,5,69,1,41,480,766,1410,0.14000000000000001]
["     BBB",0,8,3,1,0,0,457,1456,1925,0.19]
["  Subtotal - Investment grade",225,990,257,1397,75,1896,2120,2397,9357,0.92999999999999994]
[]
["      BB",0,0,0,8,3,0,6,210,227,0.02]
["      B",0,0,0,8,0,0,3,61,72,0.01]
["      CCC, CC, C",0,0,0,98,0,0,5,5,108,0.01]
["      D",0,0,0,8,0,0,0,0,8,"0%"]
["  Subtotal - Non-Investment grade",0,0,0,122,3,0,14,276,415,0.04]
[]
["  Not Rated (b)",0,3,0,70,0,3,107,125,308,0.03]
[]
["Total",225,993,257,1589,78,1899,2241,2798,10080,"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",225,986,212,1501,75,1665,1662,962,7288,0.76]
["      2",0,7,0,14,0,0,458,1474,1953,"20%"]
["   Subtotal",225,993,212,1515,75,1665,2120,2436,9241,0.96]
[]
["      3",0,0,0,1,3,0,6,249,259,0.03]
["      4",0,0,0,0,0,0,3,65,68,0.01]
["      5",0,0,0,2,0,0,10,20,32,0]
["      6",0,0,0,1,0,0,0,2,3,"0%"]
["   Subtotal",0,0,0,4,3,0,19,336,362,"4%"]
[]
["Total insurance companies",225,993,212,1519,78,1665,2139,2772,9603,"100%"]
[]
["Total non-insurance (c)",0,0,45,70,0,234,102,26,477]
["Total",225,993,257,1589,78,1899,2241,2798,10080,""]
[]
[" (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, 95% are NAIC 1 and 5% are NAIC 5."]
["       For Corp/Oth, 20% are NAIC 1, 20% NAIC 2, 24% NAIC 3 and 15% are held by non-insurance companies."]
["       For Total, 61% are NAIC 1, 10% NAIC 2, 10% NAIC 3 and 9% are held by non-insurance companies."]
[" (c) 87% are investment grade rated."]

{"sheet":"Pg 22 FM_Rating_NAIC_22","index":22,"n_rows":49,"n_cols":11,"rows_kept":49,"cut":false,"hidden":false,"merged":[]}
["Appendix B"]
["American Financial Group, Inc."]
["Fixed Maturities by Credit Rating & NAIC Designation by Type"]
["12/31/2022"]
["($ in millions)"]
[]
[]
[null,"Fair Value by Type"]
["By Credit Rating (a)","US Gov","Munis","Frgn Gov","RMBS","CMBS","CLOs","ABS","Corp/Oth","Total","% Total"]
["Investment grade"]
["     AAA",219,477,239,1317,63,1708,860,24,4907,0.49]
["     AA",0,648,9,6,14,169,347,163,1356,0.13]
["     A",0,50,4,76,2,41,475,670,1318,0.13]
["     BBB",0,7,0,0,3,0,443,1287,1740,0.17]
["  Subtotal - Investment grade",219,1182,252,1399,82,1918,2125,2144,9321,0.92]
[]
["      BB",0,0,0,8,3,0,8,200,219,0.02]
["      B",0,0,0,8,0,0,1,51,60,0.01]
["      CCC, CC, C",0,0,0,103,0,0,5,1,109,0.01]
["      D",0,0,0,8,0,0,0,0,8,"0%"]
["  Subtotal - Non-Investment grade",0,0,0,127,3,0,14,252,396,0.04]
[]
["  Not Rated (b)",0,4,0,72,0,3,106,225,410,0.04]
[]
["Total",219,1186,252,1598,85,1921,2245,2621,10127,"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",219,1178,213,1506,82,1627,1657,878,7360,0.78]
["      2",0,8,0,11,0,0,443,1310,1772,"19%"]
["   Subtotal",219,1186,213,1517,82,1627,2100,2188,9132,0.97]
[]
["      3",0,0,0,1,3,0,8,239,251,0.03]
["      4",0,0,0,0,0,0,1,46,47,0]
["      5",0,0,0,3,0,0,10,22,35,0]
["      6",0,0,0,1,0,0,0,0,1,"0%"]
["   Subtotal",0,0,0,5,3,0,19,307,334,"3%"]
[]
["Total insurance companies",219,1186,213,1522,85,1627,2119,2495,9466,"100%"]
[]
["Total non-insurance (c)",0,0,39,76,0,294,126,126,661]
["Total",219,1186,252,1598,85,1921,2245,2621,10127,""]
[]
[" (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, 95% are NAIC 1 and 5% are NAIC 5."]
["       For Corp/Oth, 53% are held by non-insurance companies, 11% are NAIC 1, 12% NAIC 2 and 16% NAIC 3."]
["       For Total, 46% are NAIC 1, 7% NAIC 2, 9% NAIC 3 and 31% are held by non-insurance companies."]
[" (c) 76% are investment grade rated."]

{"sheet":"Pg 23 Corp_by_Rating_23","index":23,"n_rows":48,"n_cols":18,"rows_kept":48,"cut":false,"hidden":false,"merged":[[38,0,38,1],[32,0,32,1],[34,0,34,1],[35,0,35,1],[36,0,36,1],[37,0,37,1],[20,0,20,1],[22,0,22,1],[29,0,29,1],[30,0,30,1],[31,0,31,1],[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]]}
["Appendix C"]
["American Financial Group, Inc."]
["Corporate Securities by Credit Rating & NAIC Designation by Industry"]
["3/31/2023"]
["($ in millions)"]
[]
[]
[null,null,"Fair Value By Industry"]
["Credit Rating (a)",null,"Asset Managers","Banking","Technology","Consumer","Insurance","Other Financials","Basic Industry","REITs","Retailers","Utilities","Media","Capital Goods","Autos","Other","Total","% Total"]
["  Investment Grade"]
["      AAA",null,0,0,11,0,0,0,0,0,0,0,0,0,0,13,24,0.01]
["      AA",null,0,0,33,45,26,24,0,0,5,5,0,0,0,13,151,0.06]
["      A",null,52,158,54,51,149,43,6,54,17,46,0,45,44,47,766,0.27]
["      BBB",null,481,192,138,62,35,84,117,73,33,43,37,34,20,107,1456,"52%"]
["   Subtotal",null,533,350,236,158,210,151,123,127,55,94,37,79,64,180,2397,0.86]
[]
["      BB",null,23,0,25,23,1,12,16,0,50,0,34,2,10,14,210,0.08]
["      B",null,0,0,2,36,1,0,0,0,0,0,0,4,4,14,61,0.02]
["      CCC, CC, C",null,0,0,0,1,0,0,0,0,0,0,0,0,0,4,5,0]
["      D",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,"0%"]
["   Subtotal",null,23,0,27,60,2,12,16,0,50,0,34,6,14,32,276,0.1]
[]
["      Not Rated (b)",null,0,0,10,24,16,19,2,12,0,1,20,2,0,19,125,"4%"]
[]
["Total",null,556,350,273,242,228,182,141,139,105,95,91,87,78,231,2798,"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","Consumer","Insurance","Other Financials","Basic Industry","REITs","Retailers","Utilities","Media","Capital Goods","Autos","Other","Total","% Total"]
["    1",null,52,158,98,107,175,79,6,54,22,53,0,45,44,69,962,0.35]
["    2",null,482,191,138,61,37,85,117,85,33,41,37,36,20,111,1474,"53%"]
["   Subtotal",null,534,349,236,168,212,164,123,139,55,94,37,81,64,180,2436,0.88]
[]
["    3",null,22,0,28,34,2,12,18,0,50,0,54,2,10,17,249,0.09]
["    4",null,0,0,2,34,0,0,0,0,0,0,0,4,4,21,65,0.02]
["    5",null,0,0,5,6,0,0,0,0,0,1,0,0,0,8,20,0.01]
["    6",null,0,0,2,0,0,0,0,0,0,0,0,0,0,0,2,"0%"]
["   Subtotal",null,22,0,37,74,2,12,18,0,50,1,54,6,14,46,336,0.12]
[]
["Total insurance companies",null,556,349,273,242,214,176,141,139,105,95,91,87,78,226,2772,"100%"]
[]
["Total non-insurance","Total non-insurance",0,1,0,0,14,6,0,0,0,0,0,0,0,5,26]
["Total",null,556,350,273,242,228,182,141,139,105,95,91,87,78,231,2798]
[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) For Other Financials, 67% are NAIC 1 and 29% are held by non-insurance companies."]
["       For the Total, 20% are NAIC 1, 20% NAIC 2, 24% NAIC 3 and 15% are held by non-insurance companies."]

{"sheet":"Pg 24 Corp_by_Rating_22","index":24,"n_rows":48,"n_cols":18,"rows_kept":48,"cut":false,"hidden":false,"merged":[[38,0,38,1],[32,0,32,1],[34,0,34,1],[35,0,35,1],[36,0,36,1],[37,0,37,1],[20,0,20,1],[22,0,22,1],[29,0,29,1],[30,0,30,1],[31,0,31,1],[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]]}
["Appendix D"]
["American Financial Group, Inc."]
["Corporate Securities by Credit Rating & NAIC Designation by Industry"]
["12/31/2022"]
["($ in millions)"]
[]
[]
[null,null,"Fair Value By Industry"]
["Credit Rating (a)",null,"Asset Managers","Banking","Other Financials","Technology","Insurance","Consumer","REITs","Retailers","Basic Industry","Media","Autos","Capital Goods","Energy","Other","Total","% Total"]
["  Investment Grade"]
["      AAA",null,0,0,0,10,0,0,0,0,0,0,0,0,0,14,24,0.01]
["      AA",null,0,0,23,39,21,48,0,5,0,0,0,0,16,11,163,0.06]
["      A",null,52,144,43,54,129,29,54,17,3,0,42,45,0,58,670,0.26]
["      BBB",null,442,214,90,105,27,44,63,32,83,32,30,22,17,86,1287,"49%"]
["   Subtotal",null,494,358,156,208,177,121,117,54,86,32,72,67,33,169,2144,0.82]
[]
["      BB",null,22,0,12,23,1,22,2,49,8,34,11,1,5,10,200,7.0000000000000007E-2]
["      B",null,0,0,0,3,1,26,0,0,0,0,4,4,0,13,51,0.02]
["      CCC, CC, C",null,0,0,0,0,0,1,0,0,0,0,0,0,0,0,1,0]
["      D",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,"0%"]
["   Subtotal",null,22,0,12,26,2,49,2,49,8,34,15,5,5,23,252,0.09]
[]
["      Not Rated (b)",null,1,0,120,11,16,25,12,0,2,23,0,3,1,11,225,"9%"]
[]
["Total",null,517,358,288,245,195,195,131,103,96,89,87,75,39,203,2621,"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","Other Financials","Technology","Insurance","Consumer","REITs","Retailers","Basic Industry","Media","Autos","Capital Goods","Energy","Other","Total","% Total"]
["    1",null,52,144,79,103,150,88,54,22,3,0,42,45,16,80,878,0.35]
["    2",null,443,213,91,105,29,48,75,32,83,32,30,24,17,88,1310,"53%"]
["   Subtotal",null,495,357,170,208,179,136,129,54,86,32,72,69,33,168,2188,0.88]
[]
["    3",null,22,0,12,29,2,27,2,49,10,54,11,2,6,13,239,0.09]
["    4",null,0,0,0,5,0,24,0,0,0,0,4,4,0,9,46,0.02]
["    5",null,0,0,0,3,0,8,0,0,0,3,0,0,0,8,22,0.01]
["    6",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,"0%"]
["   Subtotal",null,22,0,12,37,2,59,2,49,10,57,15,6,6,30,307,0.12]
[]
["Total insurance companies",null,517,357,182,245,181,195,131,103,96,89,87,75,39,198,2495,"100%"]
[]
["Total non-insurance","Total non-insurance",0,1,106,0,14,0,0,0,0,0,0,0,0,5,126]
["Total",null,517,358,288,245,195,195,131,103,96,89,87,75,39,203,2621]
[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) For Other Financials, 88% are held by non-insurance companies and 11% are NAIC 1."]
["       For the Total, 52% are held by non-insurance companies, 12% are NAIC 1, 11% NAIC 2 and 15% NAIC 3."]

{"sheet":"Pg 25 ABS_by_Rating_23","index":25,"n_rows":48,"n_cols":16,"rows_kept":48,"cut":false,"hidden":false,"merged":[[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],[21,0,21,1],[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],[18,0,18,1],[19,0,19,1]]}
["Appendix E"]
["American Financial Group, Inc."]
["Asset-Backed Securities by Credit Rating & NAIC Designation by Collateral Type"]
["3/31/2023"]
["($ in millions)",null,null,null,null,null,null,null,null,null," "]
[]
[null,null,"Fair Value By Collateral Type"]
["Credit Rating (a)",null,"Commercial Real Estate","Whole Business","TruPS","Secured Financing (c)","Railcar","Triple Net Lease","Single Family Rental","Aircraft","Mortgage Servicer Receivables","Consumer Loans","Other","Total","% Total"]
["  Investment Grade"]
["      AAA",null,445,0,47,25,0,138,156,0,6,8,39,864,0.39]
["      AA",null,8,61,157,25,0,21,10,6,0,12,19,319,0.14000000000000001]
["      A",null,0,4,8,32,161,8,0,39,0,27,201,480,0.22]
["      BBB",null,0,336,0,1,6,0,0,27,61,0,26,457,"20%"]
["   Subtotal",null,453,401,212,83,167,167,166,72,67,47,285,2120,0.95]
[]
["      BB",null,0,0,0,1,0,0,0,5,0,0,0,6,0]
["      B",null,0,0,0,1,0,0,0,2,0,0,0,3,0]
["      CCC, CC, C",null,0,0,0,0,0,0,0,5,0,0,0,5,0]
["      D",null,0,0,0,0,0,0,0,0,0,0,0,0,"0%"]
["   Subtotal",null,0,0,0,2,0,0,0,12,0,0,0,14,0]
[]
["      Not Rated (b)",null,0,0,0,96,0,0,0,4,0,0,7,107,"5%"]
[]
["Total",null,453,401,212,181,167,167,166,88,67,47,292,2241,"100%"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,""]
[]
[]
[null,null,"Fair Value By Collateral Type"]
["NAIC designation",null,"Commercial Real Estate","Whole Business","TruPS","Secured Financing (c)","Railcar","Triple Net Lease","Single Family Rental","Aircraft","Mortgage Servicer Receivables","Consumer Loans","Other","Total","% Total"]
["    1",null,368,65,212,178,161,167,165,45,5,31,265,1662,0.78]
["    2",null,0,336,0,1,6,0,0,27,62,0,26,458,"21%"]
["   Subtotal",null,368,401,212,179,167,167,165,72,67,31,291,2120,0.99]
[]
["    3",null,0,0,0,1,0,0,0,5,0,0,0,6,0]
["    4",null,0,0,0,1,0,0,0,2,0,0,0,3,0]
["    5",null,0,0,0,0,0,0,0,9,0,0,1,10,0.01]
["    6",null,0,0,0,0,0,0,0,0,0,0,0,0,"0%"]
["   Subtotal",null,0,0,0,2,0,0,0,16,0,0,1,19,0.01]
[]
["Total insurance companies",null,368,401,212,181,167,167,165,88,67,31,292,2139,"100%"]
[]
["Total non-insurance",null,85,0,0,0,0,0,1,0,0,16,0,102]
["Total",null,453,401,212,181,167,167,166,88,67,47,292,2241,""]
[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) 95% of not rated securities are NAIC 1 and 5% are NAIC 5."]
[" (c) Secured Financings are privately placed funding agreements secured by assets including Single Family Rental properties, Bank Loans, and Commerical and Residental mortgages."]

{"sheet":"Pg 26 ABS_by_Rating_22","index":26,"n_rows":48,"n_cols":17,"rows_kept":48,"cut":false,"hidden":false,"merged":[[37,0,37,1],[31,0,31,1],[33,0,33,1],[34,0,34,1],[35,0,35,1],[36,0,36,1],[19,0,19,1],[21,0,21,1],[28,0,28,1],[29,0,29,1],[30,0,30,1],[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]]}
["Appendix F"]
["American Financial Group, Inc."]
["Asset-Backed Securities by Credit Rating & NAIC Designation by Collateral Type"]
["12/31/2022"]
["($ in millions)",null,null,null,null,null,null,null,null,null," "]
[]
[null,null,"Fair Value By Collateral Type"]
["Credit Rating (a)",null,"Commercial Real Estate","Whole Business","TruPS","Secured Financing (c)","Triple Net Lease","Single Family Rental","Railcar","Aircraft","Mortgage Servicer Receivables","Consumer Loans","Auto","Other","Total","% Total"]
["  Investment Grade"]
["      AAA",null,456,0,40,25,138,156,0,0,5,8,3,29,860,0.38]
["      AA",null,8,60,186,25,21,11,0,7,0,12,13,4,347,0.16]
["      A",null,0,4,7,34,8,0,160,38,0,33,0,191,475,0.21]
["      BBB",null,0,326,0,1,0,0,6,26,62,0,0,22,443,"20%"]
["   Subtotal",null,464,390,233,85,167,167,166,71,67,53,16,246,2125,0.95]
[]
["      BB",null,0,0,0,1,0,0,0,7,0,0,0,0,8,0]
["      B",null,0,0,0,0,0,0,0,1,0,0,0,0,1,0]
["      CCC, CC, C",null,0,0,0,0,0,0,0,5,0,0,0,0,5,0]
["      D",null,0,0,0,0,0,0,0,0,0,0,0,0,0,"0%"]
["   Subtotal",null,0,0,0,1,0,0,0,13,0,0,0,0,14,0]
[]
["      Not Rated (b)",null,0,0,0,95,0,0,0,5,0,0,0,6,106,"5%"]
[]
["Total",null,464,390,233,181,167,167,166,89,67,53,16,252,2245,"100%"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,""]
[]
[]
[null,null,"Fair Value By Collateral Type"]
["NAIC designation",null,"Commercial Real Estate","Whole Business","TruPS","Secured Financing (c)","Triple Net Lease","Single Family Rental","Railcar","Aircraft","Mortgage Servicer Receivables","Consumer Loans","Auto","Other","Total","% Total"]
["    1",null,358,64,233,179,167,166,160,46,5,34,16,229,1657,0.78]
["    2",null,0,326,0,1,0,0,6,26,62,0,0,22,443,"21%"]
["   Subtotal",null,358,390,233,180,167,166,166,72,67,34,16,251,2100,0.99]
[]
["    3",null,0,0,0,1,0,0,0,7,0,0,0,0,8,0]
["    4",null,0,0,0,0,0,0,0,1,0,0,0,0,1,0]
["    5",null,0,0,0,0,0,0,0,9,0,0,0,1,10,0.01]
["    6",null,0,0,0,0,0,0,0,0,0,0,0,0,0,"0%"]
["   Subtotal",null,0,0,0,1,0,0,0,17,0,0,0,1,19,0.01]
[]
["Total insurance companies",null,358,390,233,181,167,166,166,89,67,34,16,252,2119,"100%"]
[]
["Total non-insurance",null,106,0,0,0,0,1,0,0,0,19,0,0,126]
["Total",null,464,390,233,181,167,167,166,89,67,53,16,252,2245,""]
[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) 95% of not rated securities are NAIC 1 and 4% are NAIC 5."]
[" (c) Secured Financings are privately placed funding agreements secured by assets including Single Family Rental properties, Bank Loans, and Commerical and Residental mortgages."]

{"sheet":"Pg 27 Real_Estate_Investment_23","index":27,"n_rows":51,"n_cols":5,"rows_kept":51,"cut":false,"hidden":false,"merged":[]}
["Appendix G"]
["American Financial Group, Inc."]
["Real Estate-Related Investments"]
["3/31/2023"]
["($ 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",1193,0.92,0.95,0.9798]
[" Fund Investments",57,0.04,"-","-"]
[" QOZ Fund - Development",18,0.02,"-","-"]
[" Office",15,0.01,0.9,1]
[" Hospitality",9,0.01,"-","-"]
[" Land Development",5,0,"-","-"]
[" Student Housing",0,"0%","-","-"]
["Total ",1297,"100%"]
[]
[]
["Real Estate"]
[null,null,"% of "]
["Property Type","Book Value","Book Value","Debt"]
[]
["Resort & Marina",52,0.52,0]
["Marina",35,0.36,0]
["Office Building",9,0.1,0]
["Land",2,0.02,0]
["Hotel",0,"0%",0]
["Total ",98,"100%",0]
[]
[]
["Mortgage Loans"]
[null,null,"% of ","Loan To "]
["Property Type","Book Value","Book Value","Value"]
[]
["Multifamily",461,0.71,0.68]
["Hospitality",127,0.2,0.52]
["Office",58,0.09,0.89]
["Retail ",0,"0%",0]
["Total ",646,"100%","66%",""]
[]
["Currently, no loans are receiving interest deferral through forbearance agreements. "]
[]
[]
["(a) Total investments accounted for using the equity method is $1.7 billion, the amounts presented in this table only relate to real estate funds/investments. "]
["(b) Occupancy as of 3/31/23"]
["(c) Collections for January - March"]

{"sheet":"Pg 28 Real_Estate_Investment_22","index":28,"n_rows":51,"n_cols":5,"rows_kept":51,"cut":false,"hidden":false,"merged":[]}
["Appendix H"]
["American Financial Group, Inc."]
["Real Estate-Related Investments"]
["12/31/2022"]
["($ 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",1127,0.92,0.95,0.98]
[" Fund Investments",52,0.04,"-","-"]
[" QOZ Fund - Development",19,0.02,"-","-"]
[" Office",15,0.01,0.93,1]
[" Hospitality",9,0.01,"-","-"]
[" Land Development",6,0,"-","-"]
[" Student Housing",1,"0%","-","-"]
["Total ",1229,"100%"]
[]
[]
["Real Estate"]
[null,null,"% of "]
["Property Type","Book Value","Book Value","Debt"]
[]
["Resort & Marina",50,0.52,0]
["Marina",35,0.36,0]
["Office Building",10,0.1,0]
["Land",2,"2%",0]
["Hotel",0,"0%",0]
["Total ",97,"100%",0]
[]
[]
["Mortgage Loans"]
[null,null,"% of ","Loan To "]
["Property Type","Book Value","Book Value","Value"]
[]
["Multifamily",491,0.73,0.67]
["Hospitality",127,0.19,0.52]
["Office",58,0.08,0.89]
["Retail ",0,"0%",0]
["Total ",676,"100%","66%",""]
[]
["Currently, no loans are receiving interest deferral through forbearance agreements. "]
[]
[]
["(a) Total investments accounted for using the equity method is $1.7 billion, the amounts presented in this table only relate to real estate funds/investments. "]
["(b) Occupancy as of 12/31/22"]
["(c) Collections for October - December"]