Company: AFGC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001042046-25-000024
Chunk: 178

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 178
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%5.2%4.5%Specialty financial losses and LAE and ratio$221 $200 39.6%41.3%(1.7%)Total SpecialtyCurrent year, excluding catastrophe losses$1,893 $1,859 58.7%59.3%(0.6%)Prior accident years development(32)(87)(1.0%)(2.8%)1.8%Current year catastrophe losses including the impact of net reinstatement premiums110 70 3.4%2.3%1.1%Total Specialty losses and LAE and ratio$1,971 $1,842 61.1%58.8%2.3%Aggregate — including exited linesCurrent year, excluding catastrophe losses$1,893 $1,859 58.7%59.3%(0.6%)Prior accident years development(31)(85)(1.0%)(2.7%)1.7%Current year catastrophe losses including the impact of net reinstatement premiums110 70 3.4%2.3%1.1%Aggregate losses and LAE and ratio$1,972 $1,844 61.1%58.9%2.2%

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 58.7% for the first six months of 2025 compared to 59.3% for the first six months of 2024, a decrease of 0.6 percentage points.

Property and transportation   The 0.9 percentage points decrease in the loss and LAE ratio for the current year, excluding catastrophe losses, reflects improved results and growth in the property and inland marine and ocean marine businesses, which have lower loss and LAE ratios than some of the other businesses in the Property and transportation sub-segment and the impact of a large property loss in the first quarter of 2024, partially offset by higher claim severity in the aviation business.

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

Specialty casualty   The 0.7 percentage points increase in the loss and LAE ratio for the current year, excluding catastrophe losses, reflects higher claim severity in the excess and surplus and social services businesses, partially offset by improved