Company: AFGC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001042046-25-000011
Chunk: 59

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-02-25
Form: 10-K
Item: Item 9C
Chunk 59
---
 Paid Claims and Allocated LAE, Net of ReinsuranceAccident YearFor the Years Ended (2015–2023 is Supplementary Information and Unaudited)2015201620172018201920202021202220232024% (a)2015$359 $582 $667 $707 $736 $744 $750 $755 $761 $762 99.1 %2016294 521 577 618 640 656 665 672 674 98.3 %2017379 640 696 735 755 783 794 804 98.4 %2018396 676 738 781 824 838 852 97.0 %2019527 823 904 959 998 1,023 96.6 %2020461 726 804 857 896 94.5 %2021449 767 867 935 91.0 %2022587 1,018 1,119 85.2 %2023562 1,065 76.5 %2024678 42.6 %Total$8,808 Unpaid losses and LAE — years 2015 through 20241,674 Unpaid losses and LAE — 11th year and prior (excluding unallocated LAE)22 Unpaid losses and LAE, net of reinsurance (excluding unallocated LAE)$1,696 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 10Annual45.1 %31.3 %8.3 %5.5 %3.7 %2.2 %1.3 %1.0 %0.5 %0.1 %Cumulative45.1 %76.4 %84.7 %90.2 %93.9 %96.1 %97.4 %98.4 %98.9 %99.0 %(a)Represents the cumulative percentage paid of incurred claims and allocated LAE (net of reinsurance, as estimated at December 31, 2024).

F-38

Table