Company: AFGC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001042046-25-000020
Chunk: 94

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 94
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 catastrophe losses$497 $495 62.6 %63.2 %(0.6 %)Prior accident years development12 (11)1.6 %(1.4 %)3.0 %Current year catastrophe losses including the impact of net reinstatement premiums27 18 3.4 %2.4 %1.0 %Specialty casualty losses and LAE and ratio$536 $502 67.6 %64.2 %3.4 %Specialty financialCurrent year, excluding catastrophe losses$96 $85 33.8 %34.9 %(1.1 %)Prior accident years development(13)6 (4.6 %)2.4 %(7.0 %)Current year catastrophe losses including the impact of net reinstatement premiums35 7 11.9 %3.2 %8.7 %Specialty financial losses and LAE and ratio$118 $98 41.1 %40.5 %0.6 %Total SpecialtyCurrent year, excluding catastrophe losses$913 $923 57.8 %59.6 %(1.8 %)Prior accident years development(20)(51)(1.3 %)(3.3 %)2.0 %Current year catastrophe losses including the impact of net reinstatement premiums72 34 4.5 %2.3 %2.2 %Total Specialty losses and LAE and ratio$965 $906 61.0 %58.6 %2.4 %Aggregate — including exited lines Current year, excluding catastrophe losses$913 $923 57.8 %59.6 %(1.8 %)Prior accident years development(20)(50)(1.3 %)(3.2 %)1.9 %Current year catastrophe losses including the impact of net reinstatement premiums72 34 4.6 %2.2 %2.4 %Aggregate losses and LAE and ratio$965 $907 61.1 %58.6 %2.5 %

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 57.8% for the first three months of 2025 compared to 59.6%