Company: AFGC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001042046-25-000035
Chunk: 184

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 184
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% of gross written premiums in the first nine months of 2025 compared to 33% of gross written premiums for the first nine months of 2024, an increase of 1 percentage point. Detail of AFG’s property and casualty reinsurance premiums ceded is shown below (dollars in millions):

Nine months ended September 30,20252024Change inCeded% of GWPCeded% of GWP% of GWPProperty and transportation$(1,746)42%$(1,712)41%1%Specialty casualty(1,016)29%(944)28%1%Specialty financial(181)18%(155)17%1%$(2,943)34%$(2,811)33%1%

Net Written Premiums

Net written premiums (“NWP”) for AFG’s property and casualty insurance segment were $5.67 billion for the first nine months of 2025 compared to $5.68 billion for the first nine months of 2024, a decrease of $13 million. Detail of AFG’s property and casualty net written premiums is shown below (dollars in millions):

Nine months ended September 30,20252024NWP%NWP%% ChangeProperty and transportation$2,373 42%$2,438 43%(3%)Specialty casualty2,451 43%2,473 44%(1%)Specialty financial842 15%768 13%10%$5,666 100%$5,679 100%—%

Net Earned Premiums

Net earned premiums (“NEP”) for AFG’s property and casualty insurance segment were $5.24 billion for the first nine months of 2025 compared to $5.19 billion for the first nine months of 2024, an increase of $54 million (1%). Detail of AFG’s property and casualty net earned premiums is shown below (dollars in millions):

Nine months ended September 30,20252024NEP%NEP%% ChangeProperty and transportation$2,011 38%$2,061 40%(2%)Specialty casualty2,403 46%2,371 46%1%Specialty financial826 16%754 14%10%$5,240 100%$5,186 100%1%

Gross written premiums for the first nine months of 2025 increased $119 million