ADDED
Ratings Gross Written Premiums AM Best S P Insurance Group Great American Insurance A+ A+ $ 8,211 National Interstate A+ not rated 1,256 Summit (Bridgefield Casualty and Bridgefield Employers) A+ A+ 599 Republic Indemnity A+ A+ 188 Mid-Continent Casualty A+ A+ 206 Other 234 $ 10,694 The primary objectives of AFG s property and casualty insurance operations are to achieve solid underwriting profitability and provide excellent service to its policyholders and agents.
(*) The source of the commercial lines industry ratios is 2026 A.M.
Total losses (net of reinsurance) to AFG s insurance operations from current accident year catastrophes were $137 million in 2025, $180 million in 2024 and $162 million in 2023 and are included in the table above.
In addition to traditional reinsurance, AFG has purchased coverage through a fully collateralized catastrophe bond.
AFG s net exposure to a catastrophic earthquake or windstorm that industry models indicate should statistically occur once in every 500 years (a 500-year event ) is less than 3% of AFG s Shareholders Equity.
Executive and Professional Liability Coverage for directors and officers of businesses and non-profit organizations and for errors and omissions.
General Liability Coverage for contractor-related businesses, energy development and production risks, mergers and acquisitions liability and environmental liability risks.
Historically, AFG reported the results of its internal reinsurance facility (that assumes business from several of AFG s Specialty property and casualty businesses) in an Other Specialty sub-segment.
Beginning in 2025, the internal reinsurance results are included within the same sub-segments as the ceding businesses to align with senior management s evolving view of the program.
The overall results for AFG s Specialty property and casualty insurance operations are not impacted by this change.
REMOVED
changes in financial, political and economic conditions, including changes in interest and inflation rates, currency fluctuations and extended economic recessions or expansions in the U.S.
In July 2023, AFG completed the acquisition of Crop Risk Services ( CRS ) from American International Group.
CRS is a primary crop insurance general agent based in Decatur, Illinois, and it was the seventh largest provider of multi-peril crop insurance in the United States based on 2022 premiums.
As a result of the acquisition, AFG remained the fifth ranked writer of U.S.
owned participant in the United States multi-peril crop insurance program.
Ratings Gross Written Premiums AM Best S P Insurance Group Great American Insurance A+ A+ $ 8,142 National Interstate A+ not rated 1,210 Summit (Bridgefield Casualty and Bridgefield Employers) A+ A+ 596 Republic Indemnity A+ A+ 198 Mid-Continent Casualty A+ A+ 193 Other 194 $ 10,533 The primary objectives of AFG s property and casualty insurance operations are to achieve solid underwriting profitability and provide excellent service to its policyholders and agents.
(*) The source of the commercial lines industry ratios is 2025 A.M.
Total net losses to AFG s insurance operations from current accident year catastrophes were $180 million in 2024, $162 million in 2023 and $88 million in 2022 and are included in the table above.
In addition to traditional reinsurance, AFG has purchased coverage through a catastrophe bond structure.
AFG s most recent such coverage expired on January 7, 2025 and management expects to place a new catastrophe bond or purchase other reinsurance protection during the second quarter of 2025 that attaches at $275 million.