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American Financial Group AFG Property and casualty insurance — Other operating expenses

Other segment segments

Other
$605M-12.9%

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Other financials

Income statement

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Revenue$2.0B+5.5%
Operating income$316.0M+38.0%
Net income$248.0M+42.5%
EPS (diluted)$2.99+44.4%

Balance sheet

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Cash & equivalents$1.4B+13.4%
Total debt$2.0B+19.3%
Total equity$4.8B+6.8%
Total assets$33.0B+7.7%

Cash flow

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Operating cash flow$92.0M-51.8%

Valuation

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Market cap$12.19B+14.3%
Enterprise value$12.78B+15.2%
P/E12.8×-1.2×
P/S1.5×+0.2×

Profitability

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Operating margin14.5%+2.8pp
Net margin11.5%+2.3pp

Returns & leverage

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Return on equity20.4%+3.2pp
Debt / equity0.4×0.0×

Where this comes from

Reported directly by American Financial Group in its filing.

Tagged under the XBRL concept us-gaap:SupplementaryInsuranceInformationOtherOperatingExpense.

The source filing: American Financial Group’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 3:19 PM EST
Fiscal year
FY2025
Accession
0001042046-26-000010
SegmentDeferred policy acquisition costsReserves for claims and unpaid losses and LAEUnearned premiumsNet earned premiumsNet investment incomeClaims, losses and settlement expensesAmortization of deferred policy acquisition costsOther operating expensesNet written premiums
2025
Property and casualty insurance$333$15,094$3,736$7,046$725$4,388$775$1,333$7,110
Other20605
Total$333$15,094$3,736$7,046$745$4,388$775$1,938$7,110
2024
Property and casualty insurance$320$14,179$3,584$7,036$784$4,455$766$1,279$7,139
Other(4)5695
Total$320$14,179$3,584$7,036$780$4,460$766$1,974$7,139

Item 15. S-1

FAQ

What is American Financial Group's property and casualty insurance — other operating expenses?
American Financial Group (AFG) reported property and casualty insurance — other operating expenses of $333.25M in Q4 2025.
How has American Financial Group's property and casualty insurance — other operating expenses changed year-over-year?
American Financial Group's property and casualty insurance — other operating expenses increased by 4.2% year-over-year, from $319.75M to $333.25M.
What is the long-term trend for American Financial Group's property and casualty insurance — other operating expenses?
Over 4 years (2021 to 2025), American Financial Group's property and casualty insurance — other operating expenses has grown at a 8.4% compound annual growth rate (CAGR), from $967M to $1.33B.
What does property and casualty insurance — other operating expenses mean?
This represents the general and administrative costs incurred in running the insurance segment, excluding direct claims and acquisition costs. It includes items such as personnel costs, technology infrastructure, office overhead, and other corporate support functions. It is a key metric for assessing the operational efficiency of the insurance segment.

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