Company: AFGC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001042046-25-000024
Chunk: 124

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 124
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9%61.2%3.7%Specialty casualtyCurrent year, excluding catastrophe losses$996 $975 62.6%61.9%0.7%Prior accident years development22 (13)1.4%(0.8%)2.2%Current year catastrophe losses including the impact of net reinstatement premiums34 23 2.1%1.5%0.6%Specialty casualty losses and LAE and ratio$1,052 $985 66.1%62.6%3.5%Specialty financialCurrent year, excluding catastrophe losses$189 $169 33.8%34.8%(1.0%)Prior accident years development(22)6 (3.9%)1.3%(5.2%)Current year catastrophe losses including the impact of net reinstatement premiums54 25 9.7%5.2%4.5%Specialty financial losses and LAE and ratio$221 $200 39.6%41.3%(1.7%)Total SpecialtyCurrent year, excluding catastrophe losses$1,893 $1,859 58.7%59.3%(0.6%)Prior accident years development(32)(87)(1.0%)(2.8%)1.8%Current year catastrophe losses including the impact of net reinstatement premiums110 70 3.4%2.3%1.1%Total Specialty losses and LAE and ratio$1,971 $1,842 61.1%58.8%2.3%Aggregate — including exited linesCurrent year, excluding catastrophe losses$1,893 $1,859 58.7%59.3%(0.6%)Prior accident years development(31)(85)(1.0%)(2.7%)1.7%Current year catastrophe losses including the impact of net reinstatement premiums110 70 3.4%2.3%1.1%Aggregate losses and LAE and ratio$1,972 $1,844 61.1%58.9%2.2%

Current accident year losses and LAE, excluding catastrophe losses

The current accident year loss and LAE ratio, excluding catastrophe losses, for AFG’s Specialty property and casualty insurance operations was 58.7% for the first six months of 2025 compared to 59.3% for the first six months of 2024, a decrease of