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American Financial Group AFG Property and casualty insurance — Reinsurance recoverables, net of allowance

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Other financials

Income statement

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Revenue$1.9B-0.1%
Operating income$239.0M+21.3%
Net income$191.0M+24.0%
EPS (diluted)$2.29+24.5%

Balance sheet

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Cash & equivalents$1.4B+6.0%
Total debt$2.0B+19.3%
Total equity$4.7B+6.5%
Total assets$32.4B+6.8%

Cash flow

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Operating cash flow$474.0M+38.6%

Valuation

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Market cap$11.04B-3.6%
Enterprise value$11.72B-1.2%
P/E12.6×-1.8×
P/S1.4×0.0×

Profitability

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Operating margin13.6%+1.4pp
Net margin10.8%+1.1pp

Returns & leverage

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Return on equity19.4%+0.9pp
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:ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments.

The official record: American Financial Group’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Financial Group's property and casualty insurance — reinsurance recoverables, net of allowance?
American Financial Group (AFG) reported property and casualty insurance — reinsurance recoverables, net of allowance of $5.31B in Q4 2025.
How has American Financial Group's property and casualty insurance — reinsurance recoverables, net of allowance changed year-over-year?
American Financial Group's property and casualty insurance — reinsurance recoverables, net of allowance increased by 7.0% year-over-year, from $4.96B to $5.31B.
What does property and casualty insurance — reinsurance recoverables, net of allowance mean?
The portion of insurance claims that the company expects to be reimbursed for by its reinsurance partners.
How do you interpret property and casualty insurance — reinsurance recoverables, net of allowance?
An increase indicates higher reliance on reinsurance, which reduces net risk but introduces counterparty credit risk.
How does property and casualty insurance — reinsurance recoverables, net of allowance compare across companies?
Standard metric for all insurers; peers report this as 'Reinsurance Recoverables' or 'Ceded Reserves'.