Review of Fourth Quarter and Full Year 2023 February 7, 2024 Forward Looking Statements Certain statements made during this call, as well as included in this document, are not historical facts and may be considered "forwardlooking statements" and are based on estimates, assumptions and projections which management believes are reasonable, but by their nature subject to risks and uncertainties. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. The rea ...

American Financial Group, Inc. (AFG) reported fourth-quarter 2023 net operating earnings per share of $2.84, which beat the Zacks Consensus Estimate by 1.1%. The bottom line, however, decreased 5% year over year.Results reflected higher premiums and increased average renewal pricing across the Property and Casualty (P&C) group. However, these were offset by higher expenses and lower net investment income.Behind the Headlines  Total revenues of $1.9 billion increased 1.6% year over year in the quarter. The g ...

American Financial Group (AFG) reported $1.94 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 1.5%. EPS of $2.84 for the same period compares to $2.99 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.87 billion, representing a surprise of +3.37%. The company delivered an EPS surprise of +1.07%, with the consensus EPS estimate being $2.81.While investors closely watch year-over-year changes in headline numbers -- revenue and earn ...

American Financial Group (AFG) came out with quarterly earnings of $2.84 per share, beating the Zacks Consensus Estimate of $2.81 per share. This compares to earnings of $2.99 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.07%. A quarter ago, it was expected that this property and casualty insurer would post earnings of $2.47 per share when it actually produced earnings of $2.45, delivering a surprise of -0.81%.Over the las ...

CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) today reported 2023 fourth quarter net earnings of $263 million ($3.13 per share) compared to $276 million ($3.24 per share) in the 2022 fourth quarter. Net earnings for the 2023 fourth quarter included net after-tax non-core realized gains of $25 million ($0.29 per share). By comparison, net earnings for the 2022 fourth quarter included net after-tax non-core realized gains of $21 million ($0.25 per share). Net earnings for the full ye ...

Analysts on Wall Street project that American Financial Group (AFG) will announce quarterly earnings of $2.81 per share in its forthcoming report, representing a decline of 6% year over year. Revenues are projected to reach $1.87 billion, declining 1.8% from the same quarter last year.Over the last 30 days, there has been a downward revision of 0.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial f ...

Core Viewpoint - American Financial Group (AFG) is expected to report a year-over-year decline in earnings and revenues for the quarter ended December 2023, with earnings anticipated at $2.81 per share, reflecting a -6% change, and revenues projected at $1.87 billion, down 1.8% from the previous year [2][5]. Earnings Expectations - The earnings report is scheduled for release on February 6, 2024, and the actual results will significantly influence the stock price, depending on whether they meet or exceed expectations [1]. - The consensus EPS estimate has been revised down by 0.79% over the last 30 days, indicating a bearish sentiment among analysts [2]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for AFG is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.14%, suggesting a potential earnings miss [3][5]. - A positive Earnings ESP is generally a strong predictor of an earnings beat, especially when combined with a favorable Zacks Rank [4]. Historical Performance - In the last reported quarter, AFG was expected to post earnings of $2.47 per share but delivered $2.45, resulting in a surprise of -0.81% [7]. - Over the past four quarters, AFG has beaten consensus EPS estimates two times, indicating some volatility in performance [7]. Investment Considerations - Despite the current Zacks Rank of 2 (Buy), the combination of a negative Earnings ESP makes it challenging to predict an earnings beat for AFG [5][6]. - Investors are advised to consider other factors beyond earnings surprises when making investment decisions regarding AFG [8].

CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) announced today that Carl H. Lindner III and S. Craig Lindner, Co-Chief Executive Officers and Brian S. Hertzman, Senior Vice President and Chief Financial Officer, will participate in the BofA Securities 2024 Financial Services Conference on Tuesday, February 20, 2024. While there will be no Company presentation, AFG will host several investor meetings. The investor material to be used in the meetings will be posted via a link under E ...

akinbostanci Long ago, Warren Buffett made me enthusiastic about the insurance industry and it has remained my biggest allocation. Insurance companies are not popular on SA except for Berkshire Hathaway (BRK.A) (BRK.B). They appear boring to many readers, one can hardly expect fireworks from them, and accounting is a must to understand an insurer. But they have worked quite well for me over many years. The table below represents my current insurance holdings ranked in the order of position size. The table d ...

Group 1 - American Financial Group, Inc. has declared a regular dividend of $0.71 per share of its common stock [1] - The dividend is scheduled to be payable on January 25, 2024, to shareholders on record as of January 15, 2024 [1] Group 2 - American Financial Group is an insurance holding company based in Cincinnati, Ohio [2] - The company primarily engages in property and casualty insurance, focusing on specialized commercial products for businesses [2] - Great American Insurance Group, a subsidiary of American Financial Group, has its roots dating back to 1872 with the founding of Great American Insurance Company [2]