Company: AFGC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001042046-25-000011
Chunk: 205

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 205
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 ratio$429 $328 $238 41.6 %37.8 %34.1 %3.8 %3.7 %Total SpecialtyCurrent year, excluding catastrophe losses$4,339 $4,079 $3,826 61.7 %62.4 %62.8 %(0.7 %)(0.4 %)Prior accident years development(70)(226)(289)(1.0 %)(3.4 %)(4.7 %)2.4 %1.3 %Current year catastrophe losses including the impact of net reinstatement premiums180 162 88 2.6 %2.5 %1.5 %0.1 %1.0 %Total Specialty losses and LAE and ratio$4,449 $4,015 $3,625 63.3 %61.5 %59.6 %1.8 %1.9 %Aggregate — including exited linesCurrent year, excluding catastrophe losses$4,339 $4,079 $3,826 61.7 %62.4 %62.8 %(0.7 %)(0.4 %)Prior accident years development(64)(224)(285)(0.9 %)(3.4 %)(4.7 %)2.5 %1.3 %Current year catastrophe losses including the impact of net reinstatement premiums180 162 88 2.5 %2.6 %1.6 %(0.1 %)1.0 %Aggregate losses and LAE and ratio$4,455 $4,017 $3,629 63.3 %61.6 %59.7 %1.7 %1.9 %

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 61.7% in 2024, 62.4% in 2023 and 62.8% in 2022.

Property and transportation   The 0.5 percentage points increase in the loss and LAE ratio for the current year, excluding catastrophe losses in 2024 compared to 2023 reflects growth in the crop business, which has a higher loss and LAE