Company: AFGC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001042046-25-000024
Chunk: 108

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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E and ratio$516 $483 64.5%61.0%3.5%Specialty financialCurrent year, excluding catastrophe losses$93 $84 34.0%34.8%(0.8%)Prior accident years development(9)— (3.2%)0.1%(3.3%)Current year catastrophe losses including the impact of net reinstatement premiums19 18 7.3%7.2%0.1%Specialty financial losses and LAE and ratio$103 $102 38.1%42.1%(4.0%)Total SpecialtyCurrent year, excluding catastrophe losses$980 $936 59.5%59.1%0.4%Prior accident years development(12)(36)(0.7%)(2.3%)1.6%Current year catastrophe losses including the impact of net reinstatement premiums38 36 2.3%2.3%—%Total Specialty losses and LAE and ratio$1,006 $936 61.1%59.1%2.0%Aggregate — including exited lines Current year, excluding catastrophe losses$980 $936 59.5%59.1%0.4%Prior accident years development(11)(35)(0.7%)(2.2%)1.5%Current year catastrophe losses including the impact of net reinstatement premiums38 36 2.3%2.2%0.1%Aggregate losses and LAE and ratio$1,007 $937 61.1%59.1%2.0%

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 59.5% for the second quarter of 2025 compared to 59.1% for the second quarter of 2024, an increase of 0.4 percentage points.

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

Property and transportation   The 0.2 percentage points decrease in the loss and LAE ratio for the current year, excluding catastrophe losses, reflects growth in the property and inland marine business, which has a lower loss and LAE ratio than some of the other businesses in the Property and transportation sub-segment, partially offset by higher losses in the