AFG projects 2%-4% rate increase for P&C business in 2023: Carl Lindner
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AFG projects 2%-4% rate increase for P&C business in 2023: Carl Lindner

Kyoung-son Song
February 02, 2023
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American Financial Group (AFG) has projected that renewal rates will increase between 2% and 4% in its overall specialty P&C operation in 2023, while guiding that increases could be in the range of 3% to 5%, if excluding workers’ compensation, co-president and co-CEO Carl Lindner said.

This is expected to translate into an overall core RoE of 20% at the midpoint. Note that AFG’s rate guidance is pure rate and does not include exposure shift, so it may not be comparable to rate disclosures across...

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Kyoung-son Song
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