{"text_format":"1","workbook":"xlsx","n_sheets":28,"sheets":["Cover Page","Contents","Pg 3 Highlights","Pg 4 Earnings","Pg 5 Earnings Per Share","Pg 6 P&C_UW","Pg 7 P&C_Specialty_UW","Pg 8 P&C_P&T_UW","Pg 9 P&C_SC_UW","Pg 10 P&C_SF_UW","Pg 11 P&C_Spec_Other_UW","Module1","Pg 12 Balance Sheet","Pg 13 Book Value","Pg 14 Capitalization","Pg 15 Additional Supp Data","Pg 16 Inv_Schedule","Pg 17 Qtr_NII","Pg 18 Inv_MTM_II","Pg 19 Inv_FM_Cons","Pg 20 FM_Rating_NAIC_23","Pg 21 FM_Rating_NAIC_22","Pg 22 Corp_by_Rating_23","Pg 23 Corp_by_Rating_22","Pg 24 ABS_by_Rating_23","Pg 25 ABS_by_Rating_22","Pg 26 Real_Estate_Investment_23","Pg 27 Real_Estate_Investment_22"],"not_rendered":{"charts":0,"images":2,"macros":1,"external_links":0,"defined_names":63,"comments":1,"pivot_tables":0},"unopened":[{"sheet":"Module1","index":11,"reason":"part_missing"}],"bounds":{"document_bytes":16777216,"sheet_cells":100000,"rows_first":2000,"rows_last":500,"rows_between":2000,"halvings":0,"cell_chars":16384,"cell_head_chars":4096},"cells_cut":0,"cells_raw":0,"read":"whole","date_system":"1900"}

{"sheet":"Cover Page","index":0,"n_rows":23,"n_cols":8,"rows_kept":23,"cut":false,"hidden":false,"merged":[]}
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,"American Financial Group, Inc."]
[null,null,null,null,null,null,null,"Investor Supplement - Fourth Quarter 2023"]
[]
[]
[null,null,null,null,null,null,null,"2024-02-06"]
[]
[]
[]
[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 2023",null,null,4]
[]
["Section","Page"]
[]
["Table of Contents - Investor Supplement - Fourth 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]
[]
["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 12/31/2023",20]
["B.  Fixed Maturities by Credit Rating & NAIC Designation by Type 12/31/2022",21]
["C.  Corporate Securities by Credit Rating & NAIC Designation by Industry 12/31/2023",22]
["D.  Corporate Securities by Credit Rating & NAIC Designation by Industry 12/31/2022",23]
["E.  Asset-Backed Securities by Credit Rating & NAIC Designation by Collateral Type 12/31/2023",24]
["F.  Asset-Backed Securities by Credit Rating & NAIC Designation by Collateral Type 12/31/2022",25]
["G.  Real Estate-Related Investments 12/31/2023",26]
["H.  Real Estate-Related Investments 12/31/2022",27]

{"sheet":"Pg 3 Highlights","index":2,"n_rows":39,"n_cols":13,"rows_kept":39,"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,"2023-12-31","2023-09-30","2023-06-30","2023-03-31","2022-12-31",null,"2023-12-31","2022-12-31",null,"2022-12-31","9/30/22","6/30/22"]
[]
[]
["Highlights"]
["Net earnings",263,177,200,212,276,null,852,898,null,898,622,457]
["Core net operating earnings",238,208,202,247,255,null,895,993,null,993,738,546]
["Total assets",29787,30825,29048,28481,28831,null,29787,28831,"",28831,29532,28084]
["Adjusted shareholders' equity (a)",4562,4536,4490,4375,4578,null,4562,4578,"",4578,4515,4401]
["Property and Casualty net written premiums",1445,2061,1667,1519,1338,null,6692,6206,null,6206,4868,2884]
[]
[]
[]
["Per share data"]
["Diluted earnings per share",3.13,2.0900000000000003,2.34,2.4900000000000002,3.24,null,10.050000000000001,10.530000000000001,null,10.530000000000001,7.29,5.36]
["Core net operating earnings per share",2.84,2.4500000000000002,2.38,2.89,2.99,null,10.56,11.63,null,11.63,8.65,6.41]
["Adjusted book value per share (a)",54.54,53.9,52.9,51.366646315690602,53.72987183700296,null,54.54,53.73,null,53.72987183700296,53.029680177587764,51.682833454682111]
[]
["Dividends per common share",2.21,0.62999999999999989,0.62999999999999989,4.63,2.63,null,8.1,14.31,null,14.31,11.68,11.12]
[]
[]
[]
["Financial ratios"]
["Annualized return on equity (b)",0.23,0.157,0.17899999999999999,0.189,0.24199999999999999,null,0.188,0.192,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)",0.20899999999999999,0.183,0.182,0.22,0.223,null,0.19800000000000001,0.21199999999999999,null,0.21199999999999999,0.20899999999999999,0.23]
[]
["Property and Casualty combined ratio - Specialty:"]
["Loss & LAE ratio",0.60699999999999998,0.66700000000000004,0.60199999999999998,0.56999999999999995,0.60799999999999998,null,0.61499999999999999,0.59599999999999997,null,0.59599999999999997,0.59099999999999997,0.54300000000000004]
["Underwriting expense ratio",0.27,0.255,0.317,0.32200000000000001,0.25800000000000001,null,0.28799999999999998,0.27600000000000002,null,0.27600000000000002,0.28299999999999997,0.30599999999999999]
["Combined ratio - Specialty",0.877,0.92200000000000004,0.91900000000000004,0.8919999999999999,0.86599999999999999,null,0.90300000000000002,0.872,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 13."]
["(b) Excludes accumulated other comprehensive income."]

{"sheet":"Pg 4 Earnings","index":3,"n_rows":32,"n_cols":13,"rows_kept":32,"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,"2023-12-31","2023-09-30","2023-06-30","2023-03-31","2022-12-31",null,"2023-12-31","2022-12-31",null,"2022-12-31","9/30/22","6/30/22"]
["Property and Casualty Insurance"]
["Underwriting profit ",211,142,124,154,218,null,631,776,null,776,558,403]
["Net investment income",161,170,191,207,159,null,729,683,null,683,524,379]
["Other income (expense)",-15,-14,-16,-11,-14,null,-56,-40,null,-40,-26,-15]
["Property and Casualty Insurance operating earnings ",357,298,299,350,363,null,1304,1419,null,1419,1056,767]
[]
["Interest expense of parent holding companies",-19,-19,-19,-19,-20,null,-76,-85,null,-85,-65,-46]
["Other expense",-34,-22,-22,-23,-25,null,-101,-86,null,-86,-61,-35]
["Pretax core operating earnings",304,257,258,308,318,null,1127,1248,null,1248,930,686]
[]
["Income tax expense",66,49,56,61,63,null,232,255,null,255,192,140]
["Core net operating earnings",238,208,202,247,255,null,895,993,null,993,738,546]
[]
["Non-core items, net of tax:  "]
["Realized gains (losses) on securities",25,-15,-1,-37,21,null,-28,-92,null,-92,-113,-85]
[null,0,0,0,0,0]
["Realized loss on subsidiaries",0,-4,0,0,0,null,-4,0]
["Gain on sale of apartment property",0,0,0,0,0]
["Special A&E charges:  "]
["Property and Casualty Insurance run-off operations ",0,0,0,0,0,null,0,0,null,0,0,0]
["Special A&E charges - Former Railroad and Manufacturing operations ",0,-12,0,0,0,null,-12,0,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",0,0,-1,2,0,null,1,-7,null,-7,0,-8]
["Other non-core items",0,0,0,0,0,null,0,4,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",263,177,200,212,276,null,852,898,null,898,622,457]

{"sheet":"Pg 5 Earnings Per Share","index":4,"n_rows":29,"n_cols":13,"rows_kept":29,"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,"2023-12-31","2023-09-30","2023-06-30","2023-03-31","2022-12-31",null,"2023-12-31","2022-12-31",null,"2022-12-31","9/30/22","6/30/22"]
[]
["Core net operating earnings",238,208,202,247,255,null,895,993,null,993,738,546]
[]
["Net earnings",263,177,200,212,276,null,852,898,null,898,622,457]
[]
["Average number of diluted shares",83.816999999999993,84.745000000000005,85.171999999999997,85.378,85.35,null,84.774000000000001,85.323999999999998,null,85.323999999999998,85.314999999999998,85.29]
[]
["Diluted earnings per share:"]
["Core net operating earnings per share",2.84,2.4500000000000002,2.38,2.89,2.99,null,10.56,11.63,null,11.63,8.65,6.41]
[]
["Realized gains (losses) on securities",0.28999999999999998,-0.17,-0.02,-0.42,0.25,null,-0.33,-1.06,null,-1.06,-1.32,-1]
["Realized loss on subsidiaries",0,-0.04,0,0,0,null,-0.04,0,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]
["Special A&E charges - Former Railroad and Manufacturing operations ",0,-0.15,0,0,0,null,-0.15,0,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",0,0,-0.02,0.02,0,null,0.01,-0.09,null,-0.09,0,0]
["Other non-core items",0,0,0,0,0,null,0,0.05,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",3.13,2.0900000000000003,2.34,2.4900000000000002,3.24,null,10.050000000000001,10.530000000000001,null,10.530000000000001,7.29,5.36]

{"sheet":"Pg 6 P&C_UW","index":5,"n_rows":53,"n_cols":13,"rows_kept":53,"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,"2023-12-31","2023-09-30","2023-06-30","2023-03-31","2022-12-31",null,"2023-12-31","2022-12-31",null,"2022-12-31","9/30/22","6/30/22"]
[]
["Property and Transportation",67,42,32,43,68,null,184,208,null,208,140,101]
["Specialty Casualty",114,78,95,88,128,null,375,500,null,500,372,254]
["Specialty Financial",45,29,10,26,33,null,110,114,null,114,81,66]
["Other Specialty",-14,-6,-14,-2,-12,null,-36,-42,null,-42,-30,-16]
["Underwriting profit - Specialty",212,143,123,155,217,null,633,780,null,780,563,405]
[]
["Other core charges, included in loss and LAE",-1,-1,1,-1,1,null,-2,-4,null,-4,-5,-2]
["Underwriting profit - Core",211,142,124,154,218,null,631,776,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,null,0,0,null,0,0,null,0,0,0]
["Underwriting profit - Property and Casualty Insurance",211,142,124,154,218,null,631,776,null,776,558,403]
[]
["Included in results above:"]
["Current accident year catastrophe losses:"]
["Catastrophe reinstatement premium",1,0,2,0,-13,null,3,5,null,5,18,0]
["Catastrophe losses",24,56,51,31,24,null,162,88,null,88,64,31]
["Total current accident year catastrophe losses",25,56,53,31,11,null,165,93,null,93,82,31]
[]
["Prior year loss reserve development (favorable) / adverse",-56,-43,-62,-63,-59,null,-224,-285,null,-285,-226,-173]
[]
["Combined ratio:"]
["Property and Transportation",0.90299999999999991,0.94799999999999995,0.94199999999999995,0.91000000000000014,0.89999999999999991,null,0.92799999999999994,0.91699999999999993,null,0.91699999999999993,0.92199999999999993,0.89300000000000002]
["Specialty Casualty",0.84599999999999997,0.89400000000000002,0.86599999999999999,0.875,0.81300000000000006,null,0.87,0.81200000000000006,null,0.81200000000000006,0.81100000000000005,0.80400000000000005]
["Specialty Financial",0.81299999999999994,0.87599999999999989,0.95,0.86499999999999999,0.83099999999999996,null,0.873,0.83699999999999997,null,0.83699999999999997,0.83899999999999997,0.80100000000000005]
["Other Specialty",1.1890000000000001,1.0980000000000001,1.222,1.0349999999999999,1.181,null,1.139,1.171,null,1.1709999999999998,1.169,1.1379999999999999]
["Combined ratio - Specialty ",0.877,0.92200000000000004,0.91900000000000004,0.8919999999999999,0.86599999999999999,null,0.90300000000000002,0.872,null,0.872,0.87399999999999989,0.84899999999999998]
[]
["Other core charges",1E-3,1E-3,-2E-3,1E-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",0.878,0.92300000000000004,0.91700000000000004,0.8929999999999999,0.86499999999999999,null,0.90400000000000003,0.873,null,0.873,0.87499999999999989,0.85]
[]
["P&C combined ratio excl. catastrophe losses and prior year reserve development",0.89600000000000002,0.91500000000000004,0.92399999999999993,0.91500000000000004,0.89300000000000002,null,0.91199999999999992,0.90400000000000003,null,0.90400000000000003,0.90900000000000003,0.90200000000000002]
[]
["Loss and LAE components:"]
["Current accident year, excluding catastrophe losses",0.626,0.66,0.60699999999999998,0.59299999999999997,0.63500000000000001,null,0.624,0.628,null,0.628,0.626,0.59599999999999997]
["Current accident year catastrophe losses",1.4E-2,3.1E-2,3.5000000000000003E-2,2.1999999999999999E-2,8.0000000000000002E-3,null,2.5999999999999999E-2,1.6E-2,null,1.6E-2,1.7000000000000001E-2,1.2E-2]
["Prior accident year loss reserve development",-3.2000000000000001E-2,-2.3E-2,-4.2000000000000003E-2,-4.3999999999999997E-2,-3.5999999999999997E-2,null,-3.4000000000000002E-2,-4.7E-2,null,-4.7E-2,-5.0999999999999997E-2,-6.4000000000000001E-2]
["Loss and LAE ratio",0.60799999999999998,0.66800000000000004,0.6,0.57099999999999995,0.60699999999999998,null,0.61599999999999999,0.59699999999999998,null,0.59699999999999998,0.59199999999999997,0.54400000000000004]
[]
[]
[]
["    "]

{"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,"2023-12-31","2023-09-30","2023-06-30","2023-03-31","2022-12-31",null,"2023-12-31","2022-12-31",null,"2022-12-31","9/30/22","6/30/22"]
[]
["Gross written premiums",1992,3140,2369,2155,1845,null,9656,9057,"",9057,7212,4059]
["Ceded reinsurance premiums",-547,-1079,-702,-636,-507,null,-2964,-2851,"",-2851,-2344,-1175]
["Net written premiums",1445,2061,1667,1519,1338,null,6692,6206,"",6206,4868,2884]
["Change in unearned premiums",287,-206,-160,-82,285,null,-161,-121,"",-121,-406,-189]
["Net earned premiums",1732,1855,1507,1437,1623,null,6531,6085,"",6085,4462,2695]
[]
["Loss and LAE",1052,1238,906,819,987,null,4015,3625,"",3625,2638,1465]
["Underwriting expense",468,474,478,463,419,null,1883,1680,"",1680,1261,825]
["Underwriting profit",212,143,123,155,217,null,633,780,"",780,563,405]
[]
["Included in results above:"]
["Current accident year catastrophe losses:"]
["Catastrophe reinstatement premium",1,0,2,0,-13,null,3,5,"",5,18,0]
["Catastrophe losses",24,56,51,31,24,null,162,88,"",88,64,31]
["Total current accident year catastrophe losses",25,56,53,31,11,null,165,93,"",93,82,31]
[]
["Prior year loss reserve development (favorable) / adverse",-57,-44,-61,-64,-58,null,-226,-289,"",-289,-231,-175]
[]
["Combined ratio:"]
["Loss and LAE ratio",0.60699999999999998,0.66700000000000004,0.60199999999999998,0.56999999999999995,0.60799999999999998,null,0.61499999999999999,0.59599999999999997,null,0.59599999999999997,0.59099999999999997,0.54300000000000004]
["Underwriting expense ratio",0.27,0.255,0.317,0.32200000000000001,0.25800000000000001,null,0.28799999999999998,0.27600000000000002,null,0.27600000000000002,0.28299999999999997,0.30599999999999999]
["Combined ratio",0.877,0.92200000000000004,0.91900000000000004,0.8919999999999999,0.86599999999999999,null,0.90300000000000002,0.872,null,0.872,0.87399999999999989,0.84899999999999998]
[]
["Specialty combined ratio excl. catastrophe losses and prior year reserve development",0.89600000000000002,0.91500000000000004,0.92399999999999993,0.91500000000000004,0.89300000000000002,null,0.91199999999999992,0.90400000000000003,null,0.90400000000000003,0.90900000000000003,0.90200000000000002]
[]
["Loss and LAE components:"]
["Current accident year, excluding catastrophe losses",0.626,0.66,0.60699999999999998,0.59299999999999997,0.63500000000000001,null,0.624,0.628,null,0.628,0.626,0.59599999999999997]
["Current accident year catastrophe losses",1.4E-2,0.03,3.5000000000000003E-2,2.1999999999999999E-2,8.9999999999999993E-3,null,2.5000000000000001E-2,1.4999999999999999E-2,null,1.4999999999999999E-2,1.7000000000000001E-2,1.2E-2]
["Prior accident year loss reserve development",-3.3000000000000002E-2,-2.3E-2,-0.04,-4.4999999999999998E-2,-3.5999999999999997E-2,null,-3.4000000000000002E-2,-4.7E-2,null,-4.7E-2,-5.1999999999999998E-2,-6.5000000000000002E-2]
["Loss and LAE ratio",0.60699999999999998,0.66700000000000004,0.60199999999999998,0.56999999999999995,0.60799999999999998,null,0.61499999999999999,0.59599999999999997,null,0.59599999999999997,0.59099999999999997,0.54299999999999993]

{"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,"2023-12-31","2023-09-30","2023-06-30","2023-03-31","2022-12-31",null,"2023-12-31","2022-12-31",null,"2022-12-31","9/30/22","6/30/22"]
[]
["Gross written premiums",623,1592,1059,872,601,null,4146,4060,null,4060,3459,1722]
["Ceded reinsurance premiums",-197,-687,-391,-320,-178,null,-1595,-1545,null,-1545,-1367,-589]
["Net written premiums",426,905,668,552,423,null,2551,2515,null,2515,2092,1133]
["Change in unearned premiums",256,-77,-134,-77,259,null,-32,-28,null,-28,-287,-185]
["Net earned premiums",682,828,534,475,682,null,2519,2487,null,2487,1805,948]
[]
["Loss and LAE",470,636,346,289,489,null,1741,1735,null,1735,1246,583]
["Underwriting expense",145,150,156,143,125,null,594,544,null,544,419,264]
["Underwriting profit",67,42,32,43,68,null,184,208,null,208,140,101]
[]
["Included in results above:"]
["Current accident year catastrophe losses:"]
["Catastrophe reinstatement premium",2,0,0,0,-1,null,2,3,null,3,4,0]
["Catastrophe losses",3,14,15,19,8,null,51,42,null,42,34,25]
["Total current accident year catastrophe losses",5,14,15,19,7,null,53,45,null,45,38,25]
[]
["Prior year loss reserve development (favorable) / adverse",-12,-14,-21,-37,-13,null,-84,-92,null,-92,-79,-64]
[]
["Combined ratio:"]
["Loss and LAE ratio",0.69,0.76800000000000002,0.64800000000000002,0.6090000000000001,0.71799999999999997,null,0.69199999999999995,0.69799999999999995,null,0.69799999999999995,0.69,0.61399999999999999]
["Underwriting expense ratio",0.21299999999999999,0.18,0.29399999999999998,0.30099999999999999,0.182,null,0.23599999999999999,0.219,null,0.219,0.23200000000000001,0.27900000000000003]
["Combined ratio",0.90299999999999991,0.94799999999999995,0.94199999999999995,0.91000000000000014,0.89999999999999991,null,0.92799999999999994,0.91699999999999993,null,0.91699999999999993,0.92199999999999993,0.89300000000000002]
[]
["Combined ratio excl. catastrophe losses and prior year reserve development",0.91499999999999992,0.94799999999999995,0.95100000000000007,0.94799999999999995,0.90799999999999992,null,0.94099999999999995,0.93499999999999994,null,0.93499999999999994,0.94599999999999995,0.93400000000000005]
[]
["Loss and LAE components:"]
["Current accident year, excluding catastrophe losses",0.70199999999999996,0.76800000000000002,0.65700000000000003,0.64700000000000002,0.72599999999999998,null,0.70499999999999996,0.71599999999999997,null,0.71599999999999997,0.71399999999999997,0.65500000000000003]
["Current accident year catastrophe losses",6.0000000000000001E-3,1.7000000000000001E-2,2.9000000000000001E-2,0.04,0.01,null,0.02,1.9E-2,null,1.9E-2,0.02,2.7E-2]
["Prior accident year loss reserve development",-1.7999999999999999E-2,-1.7000000000000001E-2,-3.7999999999999999E-2,-7.8E-2,-1.7999999999999999E-2,null,-3.3000000000000002E-2,-3.6999999999999998E-2,null,-3.6999999999999998E-2,-4.3999999999999997E-2,-6.8000000000000005E-2]
["Loss and LAE ratio",0.69,0.76800000000000002,0.64800000000000002,0.6090000000000001,0.71799999999999997,null,0.69199999999999995,0.69799999999999995,null,0.69799999999999995,0.69,0.6140000000000001]

{"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,"2023-12-31","2023-09-30","2023-06-30","2023-03-31","2022-12-31",null,"2023-12-31","2022-12-31",null,"2022-12-31","9/30/22","6/30/22"]
[]
["Gross written premiums",1069,1226,1012,1061,1007,null,4368,4115,null,4115,3108,1924]
["Ceded reinsurance premiums",-369,-397,-319,-339,-352,null,-1424,-1387,null,-1387,-1035,-628]
["Net written premiums",700,829,693,722,655,null,2944,2728,null,2728,2073,1296]
["Change in unearned premiums",37,-95,18,-18,31,null,-58,-69,null,-69,-100,0]
["Net earned premiums",737,734,711,704,686,null,2886,2659,null,2659,1973,1296]
[]
["Loss and LAE",438,463,421,417,381,null,1739,1453,null,1453,1072,698]
["Underwriting expense",185,193,195,199,177,null,772,706,null,706,529,344]
["Underwriting profit",114,78,95,88,128,null,375,500,null,500,372,254]
[]
["Included in results above:"]
["Current accident year catastrophe losses:"]
["Catastrophe reinstatement premium",-1,0,2,0,-1,null,1,0,null,0,1,0]
["Catastrophe losses",9,17,6,3,8,null,35,11,null,11,3,1]
["Total current accident year catastrophe losses",8,17,8,3,7,null,36,11,null,11,4,1]
[]
["Prior year loss reserve development (favorable) / adverse",-37,-22,-24,-27,-50,null,-110,-190,null,-190,-140,-98]
[]
["Combined ratio:"]
["Loss and LAE ratio",0.59599999999999997,0.63100000000000001,0.59199999999999997,0.59199999999999997,0.55400000000000005,null,0.60299999999999998,0.54700000000000004,null,0.54700000000000004,0.54300000000000004,0.53900000000000003]
["Underwriting expense ratio",0.25,0.26300000000000001,0.27400000000000002,0.28299999999999997,0.25900000000000001,null,0.26700000000000002,0.26500000000000001,null,0.26500000000000001,0.26800000000000002,0.26500000000000001]
["Combined ratio",0.84599999999999997,0.89400000000000002,0.86599999999999999,0.875,0.81300000000000006,null,0.87,0.81200000000000006,null,0.81200000000000006,0.81100000000000005,0.80400000000000005]
[]
["Combined ratio excl. catastrophe losses and prior year reserve development",0.88500000000000001,0.9,0.89,0.90900000000000003,0.875,null,0.89600000000000002,0.879,null,0.879,0.88100000000000001,0.879]
[]
["Loss and LAE components:"]
["Current accident year, excluding catastrophe losses",0.63500000000000001,0.63700000000000001,0.61599999999999999,0.626,0.61599999999999999,null,0.629,0.61399999999999999,null,0.61399999999999999,0.61299999999999999,0.61399999999999999]
["Current accident year catastrophe losses",1.0999999999999999E-2,2.3E-2,0.01,4.0000000000000001E-3,1.0999999999999999E-2,null,1.2E-2,5.0000000000000001E-3,null,5.0000000000000001E-3,1E-3,1E-3]
["Prior accident year loss reserve development",-0.05,-2.9000000000000001E-2,-3.4000000000000002E-2,-3.7999999999999999E-2,-7.2999999999999995E-2,null,-3.7999999999999999E-2,-7.1999999999999995E-2,null,-7.1999999999999995E-2,-7.0999999999999994E-2,-7.5999999999999998E-2]
["Loss and LAE ratio",0.59599999999999997,0.63100000000000001,0.59199999999999997,0.59199999999999997,0.55400000000000005,null,0.60299999999999998,0.54700000000000004,null,0.54700000000000004,0.54300000000000004,0.53900000000000003]

{"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,"2023-12-31","2023-09-30","2023-06-30","2023-03-31","2022-12-31",null,"2023-12-31","2022-12-31",null,"2022-12-31","9/30/22","6/30/22"]
[]
["Gross written premiums",300,322,298,222,237,null,1142,882,null,882,645,413]
["Ceded reinsurance premiums",-50,-61,-58,-38,-38,null,-207,-171,null,-171,-133,-77]
["Net written premiums",250,261,240,184,199,null,935,711,null,711,512,336]
["Change in unearned premiums",-6,-29,-45,12,-6,null,-68,-13,null,-13,-7,-2]
["Net earned premiums",244,232,195,196,193,null,867,698,null,698,505,334]
[]
["Loss and LAE",85,93,79,71,66,null,328,238,null,238,172,92]
["Underwriting expense",114,110,106,99,94,null,429,346,null,346,252,176]
["Underwriting profit",45,29,10,26,33,null,110,114,null,114,81,66]
[]
["Included in results above:"]
["Current accident year catastrophe losses:"]
["Catastrophe reinstatement premium",0,0,0,0,-10,null,0,3,null,3,13,0]
["Catastrophe losses",4,22,19,4,7,null,49,33,null,33,26,5]
["Total current accident year catastrophe losses",4,22,19,4,-3,null,49,36,null,36,39,5]
[]
["Prior year loss reserve development (favorable) / adverse",-8,-10,-11,-3,-8,null,-32,-47,null,-47,-39,-28]
[]
["Combined ratio:"]
["Loss and LAE ratio",0.34799999999999998,0.39799999999999996,0.40899999999999997,0.36,0.33800000000000002,null,0.378,0.34099999999999997,null,0.34099999999999997,0.34100000000000003,0.27500000000000002]
["Underwriting expense ratio",0.46500000000000002,0.47799999999999998,0.54100000000000004,0.505,0.49299999999999999,null,0.495,0.496,null,0.496,0.498,0.52600000000000002]
["Combined ratio",0.81299999999999994,0.87599999999999989,0.95,0.86499999999999999,0.83099999999999996,null,0.873,0.83699999999999997,null,0.83699999999999997,0.83899999999999997,0.80100000000000005]
[]
["Combined ratio excl. catastrophe losses and prior year reserve development",0.82699999999999996,0.82499999999999996,0.91100000000000003,0.85699999999999998,0.85299999999999998,null,0.85299999999999998,0.85599999999999998,null,0.85599999999999998,0.85699999999999998,0.872]
[]
["Loss and LAE components:"]
["Current accident year, excluding catastrophe losses",0.36199999999999999,0.34699999999999998,0.37,0.35199999999999998,0.36,null,0.35799999999999998,0.36,null,0.36,0.35899999999999999,0.34599999999999997]
["Current accident year catastrophe losses",0.02,9.2999999999999999E-2,9.6000000000000002E-2,2.1999999999999999E-2,1.9E-2,null,5.7000000000000002E-2,4.9000000000000002E-2,null,4.9000000000000002E-2,0.06,1.4E-2]
["Prior accident year loss reserve development",-3.4000000000000002E-2,-4.2000000000000003E-2,-5.7000000000000002E-2,-1.4E-2,-4.1000000000000002E-2,null,-3.6999999999999998E-2,-6.8000000000000005E-2,null,-6.8000000000000005E-2,-7.8E-2,-8.5000000000000006E-2]
["Loss and LAE ratio",0.34799999999999998,0.39799999999999996,0.40899999999999997,0.36,0.33800000000000002,null,0.378,0.34099999999999997,null,0.34099999999999997,0.34099999999999997,0.27499999999999997]

{"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,"2023-12-31","2023-09-30","2023-06-30","2023-03-31","2022-12-31",null,"2023-12-31","2022-12-31",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",69,66,66,61,61,null,262,252,null,252,191,119]
["Net written premiums",69,66,66,61,61,null,262,252,null,252,191,119]
["Change in unearned premiums",0,-5,1,1,1,null,-3,-11,null,-11,-12,-2]
["Net earned premiums",69,61,67,62,62,null,259,241,null,241,179,117]
[]
["Loss and LAE",59,46,60,42,51,null,207,199,null,199,148,92]
["Underwriting expense",24,21,21,22,23,null,88,84,null,84,61,41]
["Underwriting profit (loss)",-14,-6,-14,-2,-12,null,-36,-42,null,-42,-30,-16]
[]
["Included in results above:"]
["Current accident year catastrophe losses:"]
["Catastrophe reinstatement premium",0,0,0,0,-1,null,0,-1,null,-1,0,0]
["Catastrophe losses",8,3,11,5,1,null,27,2,null,2,1,0]
["Total current accident year catastrophe losses",8,3,11,5,0,null,27,1,null,1,1,0]
[]
["Prior year loss reserve development (favorable) / adverse",0,2,-5,3,13,null,0,40,null,40,27,15]
[]
["Combined ratio:"]
["Loss and LAE ratio",0.82799999999999996,0.76200000000000012,0.91100000000000003,0.69,0.83299999999999996,null,0.79999999999999993,0.82400000000000007,null,0.82399999999999995,0.82199999999999995,0.78400000000000003]
["Underwriting expense ratio",0.36099999999999999,0.33600000000000002,0.311,0.34499999999999997,0.34799999999999998,null,0.33900000000000002,0.34699999999999998,null,0.34699999999999998,0.34699999999999998,0.35399999999999998]
["Combined ratio",1.1890000000000001,1.0980000000000001,1.222,1.0349999999999999,1.181,null,1.139,1.171,null,1.1709999999999998,1.169,1.1379999999999999]
[]
["Combined ratio excl. catastrophe losses and prior year reserve development",1.073,1.012,1.117,0.91999999999999993,0.98499999999999999,null,1.0329999999999999,1.0009999999999999,null,1.0009999999999999,1.008,1.0070000000000001]
[]
["Loss and LAE components:"]
["Current accident year, excluding catastrophe losses",0.71199999999999997,0.67600000000000005,0.80600000000000005,0.57499999999999996,0.63700000000000001,null,0.69399999999999995,0.65400000000000003,null,0.65400000000000003,0.66100000000000003,0.65300000000000002]
["Current accident year catastrophe losses",0.107,4.9000000000000002E-2,0.18,7.4999999999999997E-2,7.0000000000000001E-3,null,0.104,5.0000000000000001E-3,null,5.0000000000000001E-3,4.0000000000000001E-3,1E-3]
["Prior accident year loss reserve development",8.9999999999999993E-3,3.6999999999999998E-2,-7.4999999999999997E-2,0.04,0.189,null,2E-3,0.16500000000000001,null,0.16500000000000001,0.157,0.13]
["Loss and LAE ratio",0.82799999999999996,0.76200000000000012,0.91100000000000003,0.69,0.83299999999999996,null,0.79999999999999993,0.82400000000000007,null,0.82400000000000007,0.82200000000000006,0.78400000000000003]

{"sheet":"Pg 12 Balance Sheet","index":12,"n_rows":38,"n_cols":7,"rows_kept":38,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Consolidated Balance Sheet"]
["($ in millions)"]
[]
[null,"2023-12-31","2023-09-30","2023-06-30","2023-03-31","2022-12-31","2022-09-30"]
["Assets:"]
["Total cash and investments",15263,14794,14489,14451,14512,14322]
["Recoverables from reinsurers",4477,4421,3852,3838,3977,4108]
["Prepaid reinsurance premiums",961,1223,1112,1021,917,1180]
["Agents' balances and premiums receivable",1471,2088,1796,1459,1339,1698]
["Deferred policy acquisition costs",309,324,316,285,288,292]
["Assets of managed investment entities",4484,4871,5235,5391,5447,5099]
["Other receivables",1171,1377,721,637,886,1328]
["Other assets",1346,1422,1281,1153,1219,1259]
["Goodwill",305,305,246,246,246,246]
["Total assets",29787,30825,29048,28481,28831,29532]
[]
["Liabilities and Equity:"]
["Unpaid losses and loss adjustment expenses",13087,12891,11925,11761,11974,12067]
["Unearned premiums",3451,3997,3686,3435,3246,3785]
["Payable to reinsurers",1186,1398,1038,911,1035,1366]
["Liabilities of managed investment entities",4307,4728,5098,5258,5332,5002]
["Long-term debt",1475,1474,1474,1478,1496,1533]
["Other liabilities",2023,2356,1834,1697,1696,1847]
["Total liabilities",25529,26844,25055,24540,24779,25600]
[]
["Redeemable noncontrolling interests"]
[]
["Shareholders' equity:"]
["Common stock",84,84,85,85,85,85]
["Capital surplus",1372,1372,1377,1374,1368,1358]
["Retained earnings",3121,3095,3042,2933,3142,3091]
["Unrealized gains (losses) - fixed maturities",-287,-521,-464,-413,-497,-554]
["Unrealized gains (losses) - fixed maturity-related cash flow hedges",-17,-34,-33,-21,-29,-29]
["Other comprehensive income (loss), net of tax",-15,-15,-14,-17,-17,-19]
["Total shareholders' equity",4258,3981,3993,3941,4052,3932]
[]
["Total liabilities and equity",29787,30825,29048,28481,28831,29532]

{"sheet":"Pg 13 Book Value","index":13,"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,"2023-12-31","2023-09-30","2023-06-30","2023-03-31","2022-12-31","2022-09-30"]
[]
["Shareholders' equity",4258,3981,3993,3941,4052,3932]
["Appropriated retained earnings",0,0,0,0,0,0]
["Shareholders' equity, excluding appropriated retained earnings",4258,3981,3993,3941,4052,3932]
["Unrealized (gains) losses related to fixed maturities",304,555,497,434,526,583]
["Adjusted shareholders' equity",4562,4536,4490,4375,4578,4515]
["Goodwill",-305,-305,-246,-246,-246,-246]
["Intangibles",-213,-217,-102,-105,-108,-111]
["Tangible adjusted shareholders' equity",4044,4014,4142,4024,4224,4158]
[]
["Common shares outstanding",83.635999999999996,84.135999999999996,84.858999999999995,85.171999999999997,85.203999999999994,85.141000000000005]
[]
["Book value per share:"]
["Book value per share",50.911090917786602,47.31,47.06,46.271075001174097,47.556452748697247,46.182215383892597]
["Adjusted (a)",54.54,53.9,52.9,51.366646315690602,53.72987183700296,53.029680177587764]
["Tangible, adjusted (b)",48.352384140800616,47.708471997717986,48.8,47.245573662706057,49.575137317496832,48.83663569842966]
[]
["Market capitalization"]
[]
["AFG's closing common share price",118.89,111.67,118.75,121.5,137.28,122.93]
[]
["Market capitalization",9943,9395,10077,10348,11697,10466]
[]
["Price / Adjusted book value ratio",2.1798679867986799,2.071799628942486,2.2448015122873346,2.3653481142857142,2.5550033027522936,2.3181357984496125]
[]
["(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 14 Capitalization","index":14,"n_rows":29,"n_cols":7,"rows_kept":29,"cut":false,"hidden":false,"merged":[]}
["American Financial Group, Inc."]
["Capitalization"]
["($ in millions)"]
[]
[null,"2023-12-31","2023-09-30","2023-06-30","2023-03-31","2022-12-31","2022-09-30"]
[]
["AFG senior obligations",823,823,823,828,846,884]
["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",823,823,823,828,846,884]
[]
["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",1498,1498,1498,1503,1521,1559]
[]
["Shareholders' equity",4258,3981,3993,3941,4052,3932]
["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",304,555,497,434,526,583]
["Total adjusted capital",6060,6034,5988,5878,6099,6074]
[]
["Less:"]
["Obligations of subsidiaries - secured by real estate",0,0,0,0,0,0]
["Total adjusted capital excluding obligations secured by real estate",6060,6034,5988,5878,6099,6074]
[]
["Ratio of debt to total adjusted capital:"]
["Including subordinated debt",0.24719471947194718,0.24825986078886311,0.25016700066800268,0.25569921742089147,0.24938514510575505,0.25666776424102733]
["Excluding subordinated debt",0.13580858085808581,0.13639376864434868,0.13744154976619907,0.14086423953725757,0.13871126414166257,0.14553836022390518]

{"sheet":"Pg 15 Additional Supp Data","index":15,"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,"2023-12-31","2023-09-30","2023-06-30","2023-03-31","2022-12-31",null,"2023-12-31","2022-12-31",null,"2022-12-31","9/30/22","6/30/22"]
["Property and Casualty Insurance"]
[]
["Paid Losses (GAAP)",938,805,802,881,914,null,3426,3082,null,3082,2168,1392]
[]
[]
[]
[]
[]
[null,"2023-12-31","2023-09-30","2023-06-30","2023-03-31","2022-12-31",null,"2022-09-30",null,null,null,"`"]
["GAAP Equity (excluding AOCI)"]
[]
["Property and Casualty Insurance",5710,5786,5581,5392,5433,null,5527]
["Annuity",0,0,0,0,0,null,0]
["Parent and other subsidiaries",-1133,-1235,-1077,-1000,-838,null,-993]
["AFG GAAP Equity (excluding AOCI)",4577,4551,4504,4392,4595,null,4534]
[null,""]
["Allowable dividends without regulatory approval"]
[]
["Property and Casualty Insurance",946,887,887,887,887,null,843]
["Annuity and Run-off",0,0,0,0,0,null,0]
["Total ",946,887,887,887,887,null,843]

{"sheet":"Pg 16 Inv_Schedule","index":16,"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 - 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%"]
[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 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,"2023-12-31","2023-09-30","2023-06-30","2023-03-31","2022-12-31",null,"2023-12-31","2022-12-31",null,"2022-12-31","9/30/22","6/30/22"]
["Property and Casualty Insurance:"]
["Gross investment income excluding alternative investments"]
["Fixed maturities",131,121,117,112,107,null,481,358,null,358,250,157]
["Equity securities",7,8,8,9,13,null,32,35,null,35,24,14]
["Other investments (a)",21,19,16,13,14,null,69,40,null,40,26,14]
["Gross investment income excluding alternative investments",159,148,141,134,134,null,582,433,null,698,536,387]
["Gross investment income from alternative investments (b)",5,25,55,78,28,null,163,265]
["Total gross investment income",164,173,196,212,162,null,745,698]
["Investment expenses",-3,-3,-5,-5,-3,null,-16,-15,null,-15,-12,-8]
["Total net investment income",161,170,191,207,159,null,729,683,null,683,524,379]
[]
["Average cash and investments (c)",15227,14899,14498,14350,14304,null,14753,14048,null,14048,13981,13878]
[]
["Average yield - fixed maturities before inv expenses (d)",4.99E-2,4.6800000000000001E-2,4.6199999999999998E-2,4.3999999999999997E-2,4.1500000000000002E-2,null,4.6699999999999998E-2,3.6299999999999999E-2,null,3.6299999999999999E-2,3.4299999999999997E-2]
["Average yield - overall portfolio, net (d)","4.23%","4.56%","5.27%","5.77%","4.45%",null,"4.94%","4.86%",null,"19.45%","5.00%","5.46%"]
["Average tax equivalent yield - overall portfolio, net (d)",4.3099999999999999E-2,4.6300000000000001E-2,5.3400000000000003E-2,5.8299999999999998E-2,4.53E-2,null,5.0099999999999999E-2,4.9599999999999998E-2,null,4.9599999999999998E-2,5.0999999999999997E-2]
[]
["AFG consolidated net investment income:"]
["Property & Casualty core",161,170,191,207,159,null,729,683,null,683,524,379]
["Parent & other",7,10,12,11,9,null,40,24,null,24,15,5]
["Consolidate CLOs",-9,-12,-5,-1,0,null,-27,10,null,10,10,14]
["Total net investment income",159,168,198,217,168,null,742,717,null,717,549,398]
[]
["Average cash and investments (c)",15540,15264,15025,15058,15083,null,15254,15231,null,15231,15254]
[]
["Average yield - overall portfolio, net (d)","4.09%","4.40%","5.27%","5.76%","4.46%",null,"4.86%","4.71%",null,"18.83%","4.80%"]
["Average yield - fixed maturities before inv expenses (d)",5.0099999999999999E-2,4.7399999999999998E-2,4.6699999999999998E-2,4.4299999999999999E-2,4.19E-2,null,4.7E-2,3.5400000000000001E-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 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":44,"n_cols":13,"rows_kept":44,"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,"2023-12-31","2023-09-30","2023-06-30","2023-03-31","2022-12-31",null,"2023-12-31","2022-12-31",null,"2022-12-31","9/30/22","6/30/22"]
["Property and Casualty Insurance:"]
["Net Investment Income"]
["Convertible fixed maturities MTM through investment income",-2,-11,8,4,0,null,-1,0,null,0,0,0]
["Equity securities MTM through investment income (a)",1,7,14,16,7,null,38,8,null,8,1,6]
["Investments accounted for using the equity method (b)",-3,17,28,57,21,null,99,267,null,267,246,209]
["AFG managed CLOs (eliminated in consolidation)",9,12,5,1,0,null,27,-10,null,-10,-10,-14]
["Total Property & Casualty",5,25,55,78,28,null,163,265,null,265,237,201]
[]
["Investments"]
["Convertible fixed maturities MTM through investment income",17,17,28,19,0,null,17,0,null,0,0,0]
["Equity securities MTM through investment income (a)",440,411,423,377,332,null,440,332,null,332,289,276]
["Investments accounted for using the equity method (b)",1812,1806,1755,1732,1699,null,1812,1699,null,1699,1661,1626]
["AFG managed CLOs (eliminated in consolidation)",175,143,136,132,115,null,175,115,null,115,97,85]
["Total Property & Casualty",2444,2377,2342,2260,2146,null,2444,2146,null,2146,2047,1987]
[]
["Annualized Return - Property & Casualty",8.0000000000000002E-3,4.2000000000000003E-2,9.6000000000000002E-2,0.14199999999999999,5.2999999999999999E-2,null,7.0000000000000007E-2,0.13200000000000001,null,0.13200000000000001,0.161,0.20699999999999999]
[]
["AFG Consolidated:"]
["Net Investment Income"]
["Convertible fixed maturities MTM through investment income",-2,-11,8,4,0,null,-1,0,null,0,0,0]
["Equity securities MTM through investment income (a)",1,7,14,16,7,null,38,8,null,8,1,6]
["Investments accounted for using the equity method (b)",-3,17,28,57,21,null,99,267,null,267,246,209]
["AFG managed CLOs (eliminated in consolidation)",9,12,5,1,0,null,27,-10,null,-10,-10,-14]
["Total AFG Consolidated ",5,25,55,78,28,null,163,265,null,265,237,201]
[null,"","","","","",null,""]
["Investments"]
["Convertible fixed maturities MTM through investment income",17,17,28,19,0,null,17,0,null,0,0,0]
["Equity securities MTM through investment income (a)",440,411,423,377,332,null,440,332,null,332,289,276]
["Investments accounted for using the equity method (b)",1814,1807,1756,1733,1700,null,1814,1700,null,1700,1661,1626]
["AFG managed CLOs (eliminated in consolidation)",175,143,136,132,115,null,175,115,null,115,97,85]
["Total AFG Consolidated ",2446,2378,2343,2261,2147,null,2446,2147,null,2147,2047,1987]
[]
["Annualized Return - AFG Consolidated",8.0000000000000002E-3,4.2000000000000003E-2,9.6000000000000002E-2,0.14199999999999999,5.2999999999999999E-2,null,7.0000000000000007E-2,0.13200000000000001,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."]

{"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, 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"]
[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,-14,0.02,0.02]
["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 20 FM_Rating_NAIC_23","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"]
["12/31/2023"]
["($ 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",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 21 FM_Rating_NAIC_22","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"]
["12/31/2022"]
["($ 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%"]
[]
["No NAIC designation (c)",0,0,0,0,0,3,0,20,23]
["Non-Insurance and Foreign Companies (d)",0,0,39,76,0,291,126,106,638]
["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, 44% 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 26% are held by non-insurance companies."]
[" (c) Surplus notes and CLO equity tranches that are classified as other invested assets for STAT."]
[" (d) 76% are investment grade rated."]

{"sheet":"Pg 22 Corp_by_Rating_23","index":22,"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 C"]
["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 23 Corp_by_Rating_22","index":23,"n_rows":50,"n_cols":18,"rows_kept":50,"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"]
["12/31/2022"]
["($ 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%"]
[]
["No NAIC designation (c)",null,0,0,6,0,14,0,0,0,0,0,0,0,0,0,20]
["Non-Insurance and Foreign Companies","Total non-insurance",0,1,100,0,0,0,0,0,0,0,0,0,0,5,106]
["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, 84% are held by non-insurance companies and 11% are NAIC 1."]
["       For the Total, 44% are held by non-insurance companies, 11% are NAIC 1, 12% NAIC 2 and 16% NAIC 3."]
[" (c) Surplus notes that are classified as other invested assets for STAT."]

{"sheet":"Pg 24 ABS_by_Rating_23","index":24,"n_rows":49,"n_cols":15,"rows_kept":49,"cut":false,"hidden":false,"merged":[[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],[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"]
["12/31/2023"]
["($ in millions)"]
[]
[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 ABS","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 25 ABS_by_Rating_22","index":25,"n_rows":49,"n_cols":19,"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"]
["12/31/2022"]
["($ 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,null,null,"  "]
[]
["    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%"]
[]
["No NAIC designation",null,0,0,0,0,0,0,0,0,0,0,0,0,0]
["Non-Insurance and Foreign Companies",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 5% are NAIC 5."]
[" (c) Secured Financings are privately placed funding agreements secured by assets including Single Family Rental properties, Bank Loans, and Commercial and Residential mortgages."]

{"sheet":"Pg 26 Real_Estate_Investment_23","index":26,"n_rows":48,"n_cols":5,"rows_kept":48,"cut":false,"hidden":false,"merged":[]}
["Appendix G"]
["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%",""]
[null,""]
["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"]

{"sheet":"Pg 27 Real_Estate_Investment_22","index":27,"n_rows":49,"n_cols":5,"rows_kept":49,"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]
["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,"8%","89%"]
["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"]