Company: AFGC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001042046-25-000035
Chunk: 112

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 112
---
.6%)Specialty casualtyCurrent year, excluding catastrophe losses$534 $496 65.9%62.3%3.6%Prior accident years development(1)6 (0.1%)0.8%(0.9%)Current year catastrophe losses including the impact of net reinstatement premiums8 17 1.0%2.0%(1.0%)Specialty casualty losses and LAE and ratio$541 $519 66.8%65.1%1.7%Specialty financialCurrent year, excluding catastrophe losses$86 $95 32.4%35.4%(3.0%)Prior accident years development(12)(9)(4.7%)(3.3%)(1.4%)Current year catastrophe losses including the impact of net reinstatement premiums11 39 4.1%14.4%(10.3%)Specialty financial losses and LAE and ratio$85 $125 31.8%46.5%(14.7%)Total SpecialtyCurrent year, excluding catastrophe losses$1,355 $1,355 67.2%65.9%1.3%Prior accident years development(24)(17)(1.2%)(0.8%)(0.4%)Current year catastrophe losses including the impact of net reinstatement premiums23 90 1.2%4.4%(3.2%)Total Specialty losses and LAE and ratio$1,354 $1,428 67.2%69.5%(2.3%)Aggregate — including exited lines Current year, excluding catastrophe losses$1,355 $1,355 67.2%65.9%1.3%Prior accident years development(23)(15)(1.1%)(0.7%)(0.4%)Current year catastrophe losses including the impact of net reinstatement premiums23 90 1.2%4.4%(3.2%)Aggregate losses and LAE and ratio$1,355 $1,430 67.3%69.6%(2.3%)

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 67.2% for the third quarter of 2025 compared to 65.9% for the third quarter of 2024, an increase of 1.3 percentage points