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American Financial Group AFG Property and casualty insurance — Year 2, Cumulative

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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 afg:ShortdurationInsuranceContractsHistoricalClaimsDurationYearTwoCumulative.

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
Line itemAverage Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance(Supplementary Information and Unaudited) / Year 1Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance(Supplementary Information and Unaudited) / Year 2Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance(Supplementary Information and Unaudited) / Year 3Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance(Supplementary Information and Unaudited) / Year 4Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance(Supplementary Information and Unaudited) / Year 5Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance(Supplementary Information and Unaudited) / Year 6Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance(Supplementary Information and Unaudited) / Year 7Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance(Supplementary Information and Unaudited) / Year 8Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance(Supplementary Information and Unaudited) / Year 9Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance(Supplementary Information and Unaudited) / Year 10
Annual52.0%24.7%9.0%2.5%1.7%1.2%1.2%0.5%0.7%0.6%
Cumulative52.0%76.7%85.7%88.2%89.9%91.1%92.3%92.8%93.5%94.1%

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

FAQ

What is American Financial Group's property and casualty insurance — year 2, cumulative?
American Financial Group (AFG) reported property and casualty insurance — year 2, cumulative of 76.7% in Q4 2025.
How has American Financial Group's property and casualty insurance — year 2, cumulative changed year-over-year?
American Financial Group's property and casualty insurance — year 2, cumulative decreased by 1.2% year-over-year, from 77.6% to 76.7%.
What does property and casualty insurance — year 2, cumulative mean?
This metric tracks the cumulative financial performance of the property and casualty insurance segment over a two-year period. It provides a smoothed view of underwriting results and premium growth, mitigating the impact of short-term volatility in claims or market conditions.

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