Company: AFGC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001042046-25-000011
Chunk: 58

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-02-25
Form: 10-K
Item: Item 9C
Chunk 58
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 other reserves1,258 Total reserves, net of reinsurance9,222 Add back reinsurance recoverables, net of allowance4,957 Gross unpaid losses and LAE included in the balance sheet$14,179 

F-37

Table of ContentsAMERICAN FINANCIAL GROUP, INC. AND SUBSIDIARIES    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — CONTINUED

The following claims development tables and associated disclosures related to short-duration insurance contracts are prepared by sub-segment within the property and casualty insurance business for the most recent 10 accident years. AFG determines its claim counts at the claimant or policy feature level depending on the particular facts and circumstances of the underlying claim. While the methodology is generally consistent within each sub-segment, there are minor differences between and within the sub-segments. The methods used to summarize claim counts have not changed significantly over the time periods reported in the tables below.Property and transportation(Dollars in Millions)Incurred Claims and Allocated LAE, Net of ReinsuranceAs of December 31, 2024For the Years Ended (2015–2023 is Supplementary Information and Unaudited)Total IBNR Plus Expected Development on Reported ClaimsCumulative Number of Reported ClaimsAccident Year20152016201720182019202020212022202320242015$818 $784 $779 $777 $777 $772 $768 $769 $769 $769 $3 135,094 2016746 716 714 706 694 688 689 689 686 5 121,410 2017889 847 843 823 816 820 820 817 7 141,023 2018932 902 886 876 882 876 878 9 130,781 20191,111 1,058 1,051 1,055 1,057 1,059 18 154,370 20201,043 974 957 949 948 22 122,246 20211,119 1,023 1,022 1,028 50 123,746 20221,393 1,316 1,313 100 137,902 20231,472 1,392 178 143,664 20241,592 419 156,368 Total$10,482 Cumulative