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American Financial Group AFG Claims and claim adjustment expense reserves

Claims and claim adjustment expense reserves at other companies

The Travelers Companies logo
The Travelers CompaniesTRV
$65.74B+2.6%
American International Group logo
American International GroupAIG
$72.05B+2.2%

Segments

By segment

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Property and casualty insurance$15.09B+6.5%

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:SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves.

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 claims and claim adjustment expense reserves?
American Financial Group (AFG) reported claims and claim adjustment expense reserves of $15.09B in Q4 2025.
How has American Financial Group's claims and claim adjustment expense reserves changed year-over-year?
American Financial Group's claims and claim adjustment expense reserves increased by 6.5% year-over-year, from $14.18B to $15.09B.
What is the long-term trend for American Financial Group's claims and claim adjustment expense reserves?
Over 5 years (2020 to 2025), American Financial Group's claims and claim adjustment expense reserves has grown at a 7.8% compound annual growth rate (CAGR), from $10.39B to $15.09B.
What does claims and claim adjustment expense reserves mean?
This represents the total reserves set aside to cover the ultimate cost of settling all insurance claims that have been incurred. It includes both reported claims and those incurred but not reported (IBNR). This is the primary liability on an insurer's balance sheet and is central to solvency assessment.

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