AFG’s Q4 CoR jumps 5.9 points to 86.6% on ‘average’ crop performance
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AFG’s Q4 CoR jumps 5.9 points to 86.6% on ‘average’ crop performance

Kyoung-son Song
February 01, 2023
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American Financial Group (AFG) has reported a 5.9-point deterioration in its Q4 combined ratio to 86.6%, largely driven by lower year-on-year underwriting profit in the property and transportation unit.

The property and transportation division’s CoR deteriorated 9.5 points to 90% in the fourth quarter, driven by its crop insurance operations, which experienced an “average” quarter compared to “exceptionally strong results” reported in 2021.

The

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News American Financial Group Earnings
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Kyoung-son Song
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