Company: AFGC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001042046-25-000011
Chunk: 196

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 196
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 ended December 31,Change in % of GWP2024202320222024 - 20232023 - 2022Ceded% of GWPCeded% of GWPCeded% of GWPProperty and transportation$(1,924)41 %$(1,595)38 %$(1,545)38 %3 %— %Specialty casualty(1,500)33 %(1,424)33 %(1,387)34 %— %(1 %)Specialty financial(210)17 %(207)18 %(171)19 %(1 %)(1 %)Other specialty240 262 252 $(3,394)32 %$(2,964)31 %$(2,851)31 %1 %— %

Net Written Premiums

Net written premiums (“NWP”) for AFG’s property and casualty insurance segment were $7.14 billion in 2024 compared to $6.69 billion in 2023, an increase of $447 million (7%). NWP increased $486 million (8%) in 2023 compared to 2022. Detail of AFG’s property and casualty net written premiums is shown below (dollars in millions):

Year ended December 31,% Change2024202320222024 - 20232023 - 2022NWP%NWP%NWP%Property and transportation$2,811 39 %$2,551 38 %$2,515 41 %10 %1 %Specialty casualty3,043 43 %2,944 44 %2,728 44 %3 %8 %Specialty financial1,045 15 %935 14 %711 11 %12 %32 %Other specialty240 3 %262 4 %252 4 %(8 %)4 %$7,139 100 %$6,692 100 %$6,206 100 %7 %8 %

Net Earned Premiums

Net earned premiums (“NEP”) for AFG’s property and casualty insurance segment were $7.04 billion in 2024 compared to $6.53 billion in 2023, an increase of $505 million (8%). NEP increased $446 million (7%) in 2023