Company: AFGC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001042046-25-000011
Chunk: 64

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-02-25
Form: 10-K
Item: Item 9C
Chunk 64
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 132 — Total$1,310 Cumulative Paid Claims and Allocated LAE, Net of ReinsuranceAccident YearFor the Years Ended (2015–2023 is Supplementary Information and Unaudited)2015201620172018201920202021202220232024% (b)2015$10 $26 $31 $50 $62 $69 $75 $76 $81 $84 95.5 %20169 19 31 47 53 60 64 66 68 88.3 %201710 19 30 52 63 76 83 93 86.9 %201812 23 32 44 60 77 87 77.0 %20199 24 49 61 79 95 70.9 %20209 21 44 66 93 66.0 %20218 27 49 73 51.0 %202211 35 67 43.8 %202329 59 31.2 %202417 10.3 %Total$736 Unpaid losses and LAE — years 2015 through 2024574 Unpaid losses and LAE — 11th year and prior (excluding unallocated LAE)23 Unpaid losses and LAE, net of reinsurance (excluding unallocated LAE)$597 Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance(Supplementary Information and Unaudited)Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10Annual9.5 %12.7 %13.8 %16.4 %13.1 %11.2 %6.9 %4.4 %4.1 %3.4 %Cumulative9.5 %22.2 %36.0 %52.4 %65.5 %76.7 %83.6 %88.0 %92.1 %95.5 %(a)The amounts shown in Other specialty represent business assumed by AFG’s internal reinsurance program from the operations that make up AFG’s other Specialty property and casualty insurance sub-segments. Accordingly, the liability for incurred claims and