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AMERICAN FINANCIAL GROUP INC

For the period ended Dec 31, 2025. Filed Feb 25, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 25, 2026

AFG$154.55-1.2%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 6. Reserved

INDEX TO MD&A
Page · Page
Objective31Results of Operations48
Overview31General48
Critical Accounting Policies32Results of Operations — Fourth Quarter50
Liquidity and Capital Resources32Segmented Statement of Earnings50
Ratios32Property and Casualty Insurance51
Condensed Consolidated Cash Flows32Holding Company, Other and Unallocated59
Parent and Subsidiary Liquidity34Results of Operations — Full Year62
Condensed Parent Only Cash Flows35Segmented Statement of Earnings62
Off-Balance Sheet Arrangements35Property and Casualty Insurance64
Investments36Holding Company, Other and Unallocated74
Uncertainties39Recent Accounting Standards77
Managed Investment Entities45
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.