Company: AFGC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001042046-25-000011
Chunk: 61

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-02-25
Form: 10-K
Item: Item 9C
Chunk 61
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8 %2016186 418 584 713 806 870 906 938 951 91.9 %2017200 422 612 755 833 902 959 1,007 87.6 %2018210 475 649 794 901 991 1,046 82.8 %2019212 455 651 795 913 994 77.3 %2020188 446 613 757 887 72.0 %2021191 438 625 794 60.2 %2022198 507 771 50.9 %2023248 596 35.7 %2024267 15.8 %Total$8,259 Unpaid losses and LAE — years 2015 through 20244,915 Unpaid losses and LAE — 11th year and prior (excluding unallocated LAE)351 Unpaid losses and LAE, net of reinsurance (excluding unallocated LAE)$5,266 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 10Annual15.9 %20.6 %15.4 %12.1 %8.8 %6.1 %4.3 %3.2 %1.7 %1.2 %Cumulative15.9 %36.5 %51.9 %64.0 %72.8 %78.9 %83.2 %86.4 %88.1 %89.3 %(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

Specialty financial(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