American Fidelity Corporation (AFC) and subsidiaries reported consolidated GAAP net income of $171 million in 2025. AFC’s 2025 income was supported by strong revenue growth in core operations offset by a $64M benefit expense related to implementing a new GAAP accounting method change for long duration policies. Our continued commitment to providing the best Customer experience is reflected in our continued investments in technology, our Colleagues and Cameron Ventures, a venture capital fund focused on identifying and implementing the latest technology innovations in the insurtech/fintech space.
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A guiding principle at AFC is a strong balance sheet to meet future Customer needs. This is reflected in American Fidelity Assurance Company’s (AF) $709 million of statutory surplus, AFC’s cash and marketable securities of $246 million as of Dec. 31, 2025, and AFC’s $3.7 billion bond portfolio with an average quality rating of AA-.