American Financial Group, Inc. (AFG)

American Financial Group Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt Securities	11,143	10,474	10,434	10,127	10,385
Equity and Preferred Securities	785	751	1,018	1,010	1,042
Other Investments	3,527	3,221	2,586	2,503	2,187
Total Investments	15,455	14,446	14,038	13,640	13,614
Cash & Equivalents	1,727	1,406	1,225	872	2,131
Reinsurance Contract Assets	6,617	6,189	5,438	4,894	4,353
Deferred Acquisition Costs	333	320	309	288	267
Other Receivables	2,853	2,655	2,642	2,225	2,122
Goodwill	327	305	305	246	246
Other Assets	5,330	5,515	5,830	6,666	6,198
Total Assets	32,642	30,836	29,787	28,831	28,931
Unearned Premiums	3,736	3,584	3,451	3,246	3,041
Claims Reserves	15,094	14,179	13,087	11,974	11,074
Reinsurance Contract Liabilities	1,195	1,191	1,186	1,035	920
Total Debt	1,820	1,475	1,475	1,496	1,964
Other Liabilities	5,977	5,941	6,330	7,028	6,920
Total Liabilities	27,822	26,370	25,529	24,779	23,919
Common Stock	83	84	84	85	85
Additional Paid-in Capital	1,430	1,411	1,372	1,368	1,330
Accumulated Other Comprehensive Income	-50	-240	-319	-543	119
Retained Earnings	3,357	3,211	3,121	3,142	3,478
Shareholders' Equity	4,820	4,466	4,258	4,052	5,012
Total Liabilities & Equity	32,642	30,836	29,787	28,831	28,931
Book Value	4,820	4,466	4,258	4,052	5,012
Book Value Per Share	57.72	53.23	50.21	47.50	58.55
Tangible Book Value	4,493	4,161	3,953	3,806	4,766
Tangible Book Value Per Share	53.81	49.59	46.62	44.62	55.68

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q