American Financial Group
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Social inflation is driving non-renewals, while CoRs are up for P&C and casualty. -
The Insurance Insider US news team runs you through the earnings results for the day.
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The latest E&S player planning to IPO remains a “show me” story.
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Older accident years, targeted markets business contributes to adverse development.
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The Insurance Insider US news team runs you through the earnings results for the day.
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A majority of losses come from property-oriented businesses and inland marine.
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The Insurance Insider US news team runs you through the earnings results for the day.
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No named storms exceeded AFG’s $70mn cat retention.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Civil case, nuclear verdict and claims count data show worrying trends.
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The executive noted 2024 marks AFG's 12th year of rate increases in the line.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Treaty costs were slightly lower than for 2023 in risk-adjusted terms.
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Insurance Insider US runs you through the earnings results for the day.
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The Inside P&C news team runs you through the earnings results for the day.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The Inside P&C news team runs you through the earnings results for the day.
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Berding will retain his current role as president of American Money Management Corporation, AFG’s investment management services subsidiary.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The commentary follows AFG’s Q1 2023 earnings announcement on Tuesday, in which the carrier reported a 5.2-point deterioration in its P&C operations combined ratio to 89.2%.
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The latest statutory data release shows commercial carriers continued to benefit from the extended pricing cycle and exposure growth propelled by inflation, although growth slowed year-on-year.
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Public D&O and higher excess liability are two areas where the company is “not quite getting” to where it wants to be in terms of rates, co-CEO Carl Lindner said.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The property and transportation division’s CoR deteriorated 9.5 points to 90% in the fourth quarter, driven by its crop insurance operations.
