AFG: Rate increases ahead of loss cost trends, but D&O and excess liability softening
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AFG: Rate increases ahead of loss cost trends, but D&O and excess liability softening

Kyoung-son Song
August 04, 2022
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American Financial Group logo Cincinnati Ohio.jpg

Most renewal pricing for American Financial Group’s (AFG) specialty P&C unit will remain at or in excess of estimated loss ratio trends, co-CEO Carl Lindner said during a conference call with analysts.

Average renewal pricing across the P&C group, excluding workers’ competition, increased around 6% for the second quarter.

Lindner said that D&O and excess liability lines are the two areas where AFG is seeing a high degree of competition and faster-than-expected...

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Kyoung-son Song
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