Company: AFGC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001042046-25-000035
Chunk: 107

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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 quarter of 2024, a decrease of $83 million (2%). Detail of gross written premiums is shown below (dollars in millions):

Three months ended September 30,20252024GWP%GWP%% ChangeProperty and transportation$1,975 54%$2,107 56%(6%)Specialty casualty1,337 36%1,297 35%3%Specialty financial353 10%344 9%3%$3,665 100%$3,748 100%(2%)

Reinsurance Premiums Ceded

Reinsurance premiums ceded (“Ceded”) for AFG’s property and casualty insurance segment were 39% of gross written premiums for the third quarter of 2025 compared to 37% for the third quarter of 2024, an increase of 2 percentage points. Detail of reinsurance premiums ceded is shown below (dollars in millions):

Three months ended September 30,20252024Change inCeded% of GWPCeded% of GWP% of GWPProperty and transportation$(924)47%$(956)45%2%Specialty casualty(423)32%(380)29%3%Specialty financial(66)19%(59)17%2%$(1,413)39%$(1,395)37%2%

Net Written Premiums

Net written premiums (“NWP”) for AFG’s property and casualty insurance segment were $2.25 billion for the third quarter of 2025 compared to $2.35 billion for the third quarter of 2024, a decrease of $101 million (4%). Detail of net written premiums is shown below (dollars in millions):

Three months ended September 30,20252024NWP%NWP%% ChangeProperty and transportation$1,051 47%$1,151 49%(9%)Specialty casualty914 40%917 39%—%Specialty financial287 13%285 12%1%$2,252 100%$2,353 100%(4%)

Net Earned Premiums

Net earned premiums (“NEP”) for AFG’s property and casualty insurance segment were $2.01 billion for the third quarter of 2025 compared to $2.06 billion for the third quarter of 2024, a decrease of $42 million (2%). Detail of net earned premiums is shown below (doll