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American Financial Group AFG Property and casualty insurance — Unallocated LAE

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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:ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAccumulatedUnallocatedClaimAdjustmentExpense.

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
Unpaid losses and allocated LAE, net of reinsurance: / Specialty20252025
Other reserves
Foreign operations443
A&E reserves347
Unallocated LAE455
Other59
Total other reserves1,304
Total reserves, net of reinsurance9,788
Add back reinsurance recoverables, net of allowance5,306

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

FAQ

What is American Financial Group's property and casualty insurance — unallocated LAE?
American Financial Group (AFG) reported property and casualty insurance — unallocated LAE of $455M in Q4 2025.
How has American Financial Group's property and casualty insurance — unallocated LAE changed year-over-year?
American Financial Group's property and casualty insurance — unallocated LAE increased by 4.6% year-over-year, from $435M to $455M.
What does property and casualty insurance — unallocated LAE mean?
This metric tracks the overhead costs associated with the claims department that cannot be attributed to a specific individual claim. It includes salaries of claims staff, office expenses, and general administrative costs related to the claims handling process. Monitoring this helps evaluate the operational efficiency of the insurance claims function.

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