American Financial (US:AFG)2025-11-05 16:30Financial Performance Highlights - Net earnings for the third quarter of 2025 were $215 million, compared to $181 million for the same period in 2024[3, 5] - Core net operating earnings for the third quarter of 2025 were $224 million, versus $194 million in 2024[3, 5] - Property and Casualty net written premiums for the third quarter of 2025 reached $2,252 million, slightly lower than the $2,353 million in 2024[3, 8] - Diluted earnings per share were $2.58 for the third quarter of 2025, compared to $2.16 in 2024[3, 6] - Book value per share, excluding AOCI, was $57.59 as of September 30, 2025, a slight decrease from $57.71 on September 30, 2024[3, 12] Property and Casualty Insurance Segment - Underwriting profit for Property and Casualty Insurance in Q3 2025 was $138 million, compared to $115 million in Q3 2024[5, 7] - Net investment income for Property and Casualty Insurance was $205 million in Q3 2025, equal to Q3 2024[5, 17] - The combined ratio for Specialty Property and Casualty was 930% for the third quarter of 2025, compared to 943% for the same period in 2024[3, 7, 8] Investment Portfolio - Total cash and investments amounted to $16,761 million as of September 30, 2025, compared to $15,741 million as of September 30, 2024[3, 16] - Fixed maturities constituted 64% of the total investment portfolio, with a fair value of $10,598 million as of September 30, 2025[20] - Average yield on the overall investment portfolio, net, was 497% for the three months ended September 30, 2025[17]