Company: AFGC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001042046-25-000020
Chunk: 130

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 130
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E and ratio$118 $98 41.1 %40.5 %0.6 %Total SpecialtyCurrent year, excluding catastrophe losses$913 $923 57.8 %59.6 %(1.8 %)Prior accident years development(20)(51)(1.3 %)(3.3 %)2.0 %Current year catastrophe losses including the impact of net reinstatement premiums72 34 4.5 %2.3 %2.2 %Total Specialty losses and LAE and ratio$965 $906 61.0 %58.6 %2.4 %Aggregate — including exited lines Current year, excluding catastrophe losses$913 $923 57.8 %59.6 %(1.8 %)Prior accident years development(20)(50)(1.3 %)(3.2 %)1.9 %Current year catastrophe losses including the impact of net reinstatement premiums72 34 4.6 %2.2 %2.4 %Aggregate losses and LAE and ratio$965 $907 61.1 %58.6 %2.5 %

Current accident year losses and LAE, excluding catastrophe losses

The current accident year loss and LAE ratio, excluding catastrophe losses, for AFG’s Specialty property and casualty insurance operations was 57.8% for the first three months of 2025 compared to 59.6% for the first three months of 2024, an improvement of 1.8 percentage points.

Property and transportation   The 1.8 percentage points decrease in the loss and LAE ratio for the current year, excluding catastrophe losses, reflects lower premiums in the crop business, which has a higher loss and LAE ratio than some of the other businesses in the Property and transportation sub-segment and the impact of a large property loss in the first quarter of 2024.

Specialty casualty   The 0.6 percentage points decrease in the loss and LAE ratio for the current year, excluding catastrophe losses, reflects improved results in the social services business in the first quarter of 2025, partially offset by higher losses in the excess and surplus businesses.

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Table of ContentsAMERICAN FINANCIAL GROUP, INC. 10-QManagement’s Discussion and Analysis of Financial Condition and Results of Operations — Continued

Specialty financial   The 1.1