Company: AFGC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001042046-25-000011
Chunk: 63

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-02-25
Form: 10-K
Item: Item 9C
Chunk 63
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allocated LAE)(8)Unpaid losses and LAE, net of reinsurance (excluding unallocated LAE)$405 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 10Annual52.2 %25.4 %9.8 %2.6 %1.0 %0.6 %1.3 %0.5 %(0.4 %)(0.8 %)Cumulative52.2 %77.6 %87.4 %90.0 %91.0 %91.6 %92.9 %93.4 %93.0 %92.2 %(a)Represents the cumulative percentage paid of incurred claims and allocated LAE (net of reinsurance, as estimated at December 31, 2024).

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

Other specialty(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 Claims (a)Accident Year20152016201720182019202020212022202320242015$59 $60 $63 $66 $76 $82 $84 $87 $87 $88 $2 — 201661 61 65 71 76 77 78 77 77 6 — 201763 65 70 81 88 95 97 107 7 — 201886 90 92 94 100 111 113 14 — 2019108 107 108 111 119 134 20 — 2020122 117 129 126 141 29 — 2021135 141 138 143 52 — 2022159 152 153 72 — 2023201 189 104 — 2024165