AFG: the cashflow

MyFinsight

For the quarter ending 2025-09-30.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Cash Flow	2025-09-30	2025-06-30
Net earnings	543	328
Depreciation and amortization	64	44
Realized(gains) losses oninvestingactivities	19	6
Net sales (purchases) oftradingsecurities	6	2
Reinsuranceandotherreceivables	2,272	-45
Other assets	-14	-2
Insurance claims and reserves	1,765	97
Payable to reinsurers	386	-39
Other liabilities	173	29
Managed investment entities assets/liabilities	-104	-33
Other operating activities, net	-15	-2
Net cash provided by operating activities	749	533
Fixed maturities	1,493	1,046
Equity securities	20	11
Mortgage loans	279	145
Other investments	171	122
Real estate, property and equipment	99	58
Businesses	7	-
Maturitiesandredemptionsoffixedmaturities	1,636	996
Repayments of mortgage loans	94	25
Sales of fixed maturities	78	46
Sales of equity securities	83	15
Sales of other investments	38	26
Sales of real estate, property and equipment	2	2
Cash and cash equivalents of businesses acquired	3	-
Purchases of investments	1,577	837
Proceeds from sales and redemptions of investments	1,640	1,170
Other investing activities, net	-1	2
Net cash provided by (used in) investing activities	-71	59
Additional long-term borrowings	344	-
Issuances of common stock	9	7
Repurchases of common stock	98	97
Cash dividends paid on common stock	367	301
Issuances of managed investment entities liabilities	2,454	1,119
Retirements of managedinvestmententitiesliabilities	2,584	1,458
Netcashused infinancingactivities	-242	-730
Netchangein cash and cash equivalents	436	-138
Cash and cash equivalents at beginning of period	1,406	-
Cash and cash equivalents at end of period	1,842	-

Unit: Million (M) dollars (except for numbers of shares and EPS)

AFG: the cashflow