Company: AFGC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001042046-25-000024
Chunk: 157

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 157
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 2024, an increase of 2 percentage points. Detail of reinsurance premiums ceded is shown below (dollars in millions):

Three months ended June 30,20252024Change inCeded% of GWPCeded% of GWP% of GWPProperty and transportation$(488)39%$(394)36%3%Specialty casualty(297)28%(270)26%2%Specialty financial(65)19%(50)17%2%$(850)32%$(714)30%2%

Net Written Premiums

Net written premiums (“NWP”) for AFG’s property and casualty insurance segment were $1.80 billion for the second quarter of 2025 compared to $1.69 billion for the second quarter of 2024, an increase of $111 million (7%). Detail of net written premiums is shown below (dollars in millions):

Three months ended June 30,20252024NWP%NWP%% ChangeProperty and transportation$759 42%$690 41%10%Specialty casualty765 42%753 44%2%Specialty financial279 16%249 15%12%$1,803 100%$1,692 100%7%

Net Earned Premiums

Net earned premiums (“NEP”) for AFG’s property and casualty insurance segment were $1.65 billion for the second quarter of 2025 compared to $1.59 billion for the second quarter of 2024, an increase of $62 million (4%). Detail of net earned premiums is shown below (dollars in millions):

Three months ended June 30,20252024NEP%NEP%% ChangeProperty and transportation$576 35%$552 35%4%Specialty casualty799 48%791 50%1%Specialty financial272 17%242 15%12%$1,647 100%$1,585 100%4%

Gross written premiums for the second quarter of 2025 increased $247 million (10%) compared to the second quarter of 2024. Earlier reporting of crop acreage by insureds impacted the timing of the recording of crop premiums and contributed to the year-over-year increase, particularly when compared to later reporting of acreage in the previous year. Excluding 

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