Shares of American Financial Group, Inc. (AFG) have gained 12.4% in the past year, underperforming the industry’s growth of 28.7% and the Zacks S&P 500 composite’s rise of 24.4%.AFG Lags Industry and S&PImage Source: Zacks Investment ResearchBased on the forward 12-month price-to-book ratio, AFG is currently trading at 2.53X, above its 2.31X five-year median and industry average of 1.61X.Its earnings have traditionally been affected by catastrophes. Even drought, which does not otherwise qualify as a catast ...

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Dividend Increase and Shareholder Returns - American Financial Group (AFG) announced a 12.7% increase in its annual common stock dividend, raising it to $3.20 per share from $2.84 [1] - The company will disburse the increased dividend quarterly at 80 cents per share starting October 2024 [1] - AFG's dividend yield is 2.1%, significantly higher than the industry average of 0.2% [1] - The company has a 10-year compound annual growth rate for dividends of 12.4% [2] - AFG returned $59 million to shareholders through regular quarterly dividends and paid a special dividend of $2.50 per share, totaling approximately $209 million in Q2 2024 [4] Financial Strength and Capital Management - AFG maintains a moderate adjusted financial leverage of around 20% and has strong cash flow and interest coverage ratios [3] - As of June 30, 2024, the parent company held approximately $438 million in cash and investments [3] - The company has increased its dividends for 18 consecutive years [3] - AFG's return on equity (ROE) was 21.6% in the trailing 12 months, compared to the industry average of 7.9% [4] - The company expects to generate significant excess capital in 2024, providing opportunities for additional share repurchases or special dividends [4] Industry Comparison and Performance - AFG shares have gained 14.4% in the past year, while the industry has grown by 27.5% [5] - MGIC Investment Corporation (MTG) also increased its quarterly dividend by 13% to 13 cents per share, reflecting strong financial performance and capital position [7] - NMI Holdings Inc (NMIH) and Arch Capital Group Ltd (ACGL) are better-ranked stocks in the property and casualty insurance industry, each carrying a Zacks Rank 2 (Buy) [8] - NMIH shares have jumped 37.8% in a year, with earnings surpassing estimates in the last four quarters by an average of 10.15% [8] - ACGL shares have jumped 40.3% in a year, with earnings surpassing estimates in the last four quarters by an average of 28.93% [8]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____ to ____ Commission File No. 1-13653 AMERICAN FINANCIAL GROUP, INC. Incorporated under the Laws of Ohio IRS Employer I.D. No. 31-1544320 301 East Fourth Street, Cinci ...

American Financial Group, Inc. (NYSE:AFG) Q2 2024 Results Conference Call August 7, 2024 11:30 AM ET Company Participants Diane Weidner - Vice President of Investor Relations Carl Lindner - Co-CEO Craig Lindner - Co-CEO Brian Hertzman - CFO Conference Call Participants Michael Zaremski - BMO Capital Markets Gregory Peters - Raymond James Charlie Lederer - Citigroup Paul Newsome - Piper Sandler Andrew Andersen - Jefferies Meyer Shields - Keefe, Bruyette, & Woods Bob Farnam - Janney Montgomery Scott Charlie L ...

American Financial Group, Inc. (AFG) reported second-quarter 2024 net operating earnings per share of $2.56, which beat the Zacks Consensus Estimate by 1.2%. The bottom line increased 8% year over year.American Financial’s results reflected higher premiums, lower catastrophe losses and improved underwriting profit at Property & Transportation Group, Specialty Casualty Group and Specialty Financial Group, partially offset by lower net investment income.Behind the Headlines  Total revenues of $1.8 billion ros ...

Exhibit 99.1 American Financial Group, Inc. Announces Second Quarter Results CINCINNATI – August 6, 2024 – American Financial Group, Inc. (NYSE: AFG) today reported 2024 second quarter net earnings of $209 million ($2.49 per share) compared to $200 million ($2.34 per share) for the 2023 second quarter. Net earnings for the 2024 second quarter included after-tax non-core losses of $6 million ($0.07 per share loss). By comparison, net earnings in the 2023 second quarter included net after-tax non-core items t ...

teekid/E+ via Getty Images Shares of American Financial Group (NYSE:AFG) have been a moderate performer over the past year, rising by 13%, though it has also paid $4 in special dividends alongside its quarterly $0.71 payout. I last covered AFG in May, rating shares a “buy,” though shares have underperformed a bit, down 4% in a flat market environment. While growth was slow, Q2 results were solid, and a potential turn in apartment rents should provide added benefit to 2025 earnings. I remain bullish. S ...

American Financial Group (AFG) reported $1.8 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 4.1%. EPS of $2.56 for the same period compares to $2.38 a year ago.The reported revenue represents a surprise of -10.72% over the Zacks Consensus Estimate of $2.02 billion. With the consensus EPS estimate being $2.53, the EPS surprise was +1.19%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to d ...

American Financial Group (AFG) came out with quarterly earnings of $2.56 per share, beating the Zacks Consensus Estimate of $2.53 per share. This compares to earnings of $2.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.19%. A quarter ago, it was expected that this property and casualty insurer would post earnings of $2.77 per share when it actually produced earnings of $2.76, delivering a surprise of -0.36%.Over the las ...