Company: AFGC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001042046-25-000020
Chunk: 89

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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2,291 100 %$2,336 100 %(2 %)

Reinsurance Premiums Ceded

Reinsurance premiums ceded (“Ceded”) for AFG’s property and casualty insurance segment were 30% of gross written premiums for both the first three months of 2025 and the first three months of 2024. Detail of reinsurance premiums ceded is shown below (dollars in millions):

Three months ended March 31,20252024Change inCeded% of GWPCeded% of GWP% of GWPProperty and transportation$(334)37 %$(362)38 %(1 %)Specialty casualty(296)28 %(294)27 %1 %Specialty financial(50)15 %(46)16 %(1 %)$(680)30 %$(702)30 %— %

Net Written Premiums

Net written premiums (“NWP”) for AFG’s property and casualty insurance segment were $1.61 billion for the first three months of 2025 compared to $1.63 billion for the first three months of 2024, a decrease of $23 million (1%). Detail of net written premiums is shown below (dollars in millions):

Three months ended March 31,20252024NWP%NWP%% ChangeProperty and transportation$563 35 %$597 37 %(6 %)Specialty casualty772 48 %803 49 %(4 %)Specialty financial276 17 %234 14 %18 %$1,611 100 %$1,634 100 %(1 %)

Net Earned Premiums

Net earned premiums (“NEP”) for AFG’s property and casualty insurance segment were $1.58 billion for the first three months of 2025 compared to $1.55 billion for the first three months of 2024, an increase of $34 million (2%). Detail of net earned premiums is shown below (dollars in millions):

Three months ended March 31,20252024NEP%NEP%% ChangeProperty and transportation$500 32 %$520 33 %(4 %)Specialty casualty794 50 %783 51 %1 %Specialty financial286 18 %243 16 %18 %$1,580 100 %$1,546 100