[Financial Highlights](index=3&type=section&id=Financial%20Highlights) This section provides an overview of American Financial Group's key financial performance metrics for Q1 2025, highlighting earnings, EPS, and P&C combined ratio trends [Q1 2025 Financial Highlights](index=3&type=section&id=Financial%20Highlights) In Q1 2025, American Financial Group reported net earnings of $154 million and core net operating earnings of $152 million. This represents a decrease from Q1 2024, where net earnings were $242 million and core earnings were $231 million. Diluted EPS fell to $1.84 from $2.89 year-over-year. The Property and Casualty (P&C) combined ratio for the Specialty segment increased to 94.0% from 90.1% in the prior year's quarter | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | Net Earnings | $154M | $242M | -36.4% | | Core Net Operating Earnings | $152M | $231M | -34.2% | | Diluted EPS | $1.84 | $2.89 | -36.3% | | Core Net Operating EPS | $1.81 | $2.76 | -34.4% | | P&C Net Written Premiums | $1,611M | $1,634M | -1.4% | | P&C Specialty Combined Ratio | 94.0% | 90.1% | +3.9 pts | [Earnings Summary](index=4&type=section&id=Summary%20of%20Earnings) This section provides a detailed breakdown of the company's earnings components, including underwriting profit, net investment income, and earnings per share for Q1 2025 [Detailed Earnings Breakdown](index=4&type=section&id=Summary%20of%20Earnings) For Q1 2025, the company's underwriting profit was $94 million, a significant decrease from $153 million in Q1 2024. Net investment income also declined to $170 million from $205 million year-over-year. These factors led to a drop in pretax core operating earnings to $194 million, compared to $290 million in the same period last year | Earnings Component | Q1 2025 ($M) | Q1 2024 ($M) | Change | | :--- | :--- | :--- | :--- | | Underwriting Profit | 94 | 153 | -38.6% | | Net Investment Income | 170 | 205 | -17.1% | | P&C Insurance Operating Earnings | 246 | 340 | -27.6% | | Pretax Core Operating Earnings | 194 | 290 | -33.1% | | Core Net Operating Earnings | 152 | 231 | -34.2% | | Net Earnings | 154 | 242 | -36.4% | [Earnings Per Share (EPS) Summary](index=5&type=section&id=Earnings%20Per%20Share%20Summary) In Q1 2025, core net operating EPS was $1.81, down from $2.76 in Q1 2024. After accounting for a $0.03 per share gain from realized securities, the diluted EPS for the quarter was $1.84. This compares to a diluted EPS of $2.89 in Q1 2024, which included a $0.13 per share gain from securities | EPS Component | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Core net operating earnings per share | $1.81 | $2.76 | | Realized gains (losses) on securities | $0.03 | $0.13 | | **Diluted earnings per share** | **$1.84** | **$2.89** | [Property and Casualty (P&C) Insurance Segment](index=6&type=section&id=Property%20and%20Casualty%20Insurance%20Segment) This section details the underwriting performance of the Property and Casualty insurance segment and its sub-segments, including premiums, profits, and combined ratios [P&C Summary Underwriting Results](index=6&type=section&id=Property%20and%20Casualty%20Insurance%20-%20Summary%20Underwriting%20Results%20(GAAP)) The P&C insurance segment generated an underwriting profit of $94 million in Q1 2025, down from $153 million in Q1 2024. The decline was driven by a significant increase in current accident year catastrophe losses, which rose to $72 million from $34 million. The overall combined ratio deteriorated to 94.1% from 90.1% year-over-year, while the combined ratio excluding catastrophes and prior year development remained relatively stable at 90.8% | Metric | Q1 2025 ($M) | Q1 2024 ($M) | | :--- | :--- | :--- | | Underwriting Profit | 94 | 153 | | Current Accident Year Catastrophe Losses | 72 | 34 | | Prior Year Favorable Reserve Development | (20) | (50) | | Ratio | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Combined Ratio | 94.1% | 90.1% | | P&C combined ratio excl. cats & prior year dev. | 90.8% | 91.1% | [Specialty Segment Underwriting Results](index=7&type=section&id=Specialty%20-%20Underwriting%20Results%20(GAAP)) The Specialty segment's net written premiums were $1.611 billion in Q1 2025, a slight decrease from $1.634 billion in Q1 2024. Underwriting profit fell to $94 million from $154 million, largely due to higher catastrophe losses. The combined ratio for the segment increased to 94.0% from 90.1% year-over-year | Metric | Q1 2025 ($M) | Q1 2024 ($M) | | :--- | :--- | :--- | | Net Written Premiums | $1,611 | $1,634 | | Underwriting Profit | $94 | $154 | | Combined Ratio | 94.0% | 90.1% | [Property and Transportation Underwriting Results](index=8&type=section&id=Property%20and%20Transportation%20-%20Underwriting%20Results%20(GAAP)) The Property and Transportation segment reported a decrease in underwriting profit to $37 million in Q1 2025 from $60 million in Q1 2024. Net written premiums decreased slightly to $563 million. The combined ratio worsened to 92.5% from 88.5% in the prior year's quarter | Metric | Q1 2025 ($M) | Q1 2024 ($M) | | :--- | :--- | :--- | | Net Written Premiums | $563 | $597 | | Underwriting Profit | $37 | $60 | | Combined Ratio | 92.5% | 88.5% | [Specialty Casualty Underwriting Results](index=9&type=section&id=Specialty%20Casualty%20-%20Underwriting%20Results%20(GAAP)) The Specialty Casualty segment's underwriting profit dropped significantly to $20 million in Q1 2025 from $61 million in Q1 2024. Net written premiums were down to $772 million from $803 million. The combined ratio increased to 97.6% from 92.2%, impacted by higher catastrophe losses ($27 million vs. $18 million) and adverse prior year reserve development of $12 million compared to a favorable development of $11 million in Q1 2024 | Metric | Q1 2025 ($M) | Q1 2024 ($M) | | :--- | :--- | :--- | | Net Written Premiums | $772 | $803 | | Underwriting Profit | $20 | $61 | | Combined Ratio | 97.6% | 92.2% | | Catastrophe Losses | $27 | $18 | | Prior Year Reserve Development | $12 (Adverse) | $(11) (Favorable) | [Specialty Financial Underwriting Results](index=10&type=section&id=Specialty%20Financial%20-%20Underwriting%20Results%20(GAAP)) The Specialty Financial segment showed improved performance, with underwriting profit increasing to $37 million in Q1 2025 from $33 million in Q1 2024. Net written premiums grew to $276 million from $234 million. Despite higher catastrophe losses ($35 million vs. $7 million), the combined ratio improved slightly to 87.0% from 86.6%, aided by favorable prior year reserve development | Metric | Q1 2025 ($M) | Q1 2024 ($M) | | :--- | :--- | :--- | | Net Written Premiums | $276 | $234 | | Underwriting Profit | $37 | $33 | | Combined Ratio | 87.0% | 86.6% | | Catastrophe Losses | $35 | $7 | [Balance Sheet and Capitalization](index=11&type=section&id=Consolidated%20Balance%20Sheet%20%2F%20Book%20Value%20%2F%20Debt) This section outlines the company's financial position, including consolidated balance sheet figures, book value per share, and capitalization structure as of March 31, 2025 [Consolidated Balance Sheet](index=11&type=section&id=Consolidated%20Balance%20Sheet) As of March 31, 2025, total assets were $30.29 billion, a slight decrease from $30.84 billion at year-end 2024. Total liabilities also decreased to $25.90 billion from $26.37 billion. Total shareholders' equity stood at $4.39 billion | Balance Sheet Item | 3/31/2025 ($B) | 12/31/2024 ($B) | | :--- | :--- | :--- | | Total Cash and Investments | 16.0 | 15.9 | | Total Assets | 30.3 | 30.8 | | Total Liabilities | 25.9 | 26.4 | | Total Shareholders' Equity | 4.4 | 4.5 | [Book Value Per Share](index=12&type=section&id=Book%20Value%20Per%20Share%20and%20Price%20%2F%20Book%20Summary) Book value per share, excluding accumulated other comprehensive income (AOCI), was $54.63 as of March 31, 2025, down from $56.03 at the end of 2024. The closing share price of $131.34 resulted in a Price to Book Value (ex-AOCI) multiple of 2.40x | Metric | 3/31/2025 | 12/31/2024 | | :--- | :--- | :--- | | Shareholders' equity, excluding AOCI | $4,571M | $4,706M | | Book value per share, excluding AOCI | $54.63 | $56.03 | | Price / Book value per share, excluding AOCI | 2.40x | 2.44x | [Capitalization](index=13&type=section&id=Capitalization) The company's capital structure remained stable, with total long-term debt at $1.5 billion as of March 31, 2025. The ratio of debt to total capital (excluding AOCI) was 24.7%, consistent with the prior year-end | Metric | 3/31/2025 ($M) | 12/31/2024 ($M) | | :--- | :--- | :--- | | Total principal amount of long-term debt | $1,498 | $1,498 | | Total capital, excluding AOCI | $6,069 | $6,204 | | Ratio of debt to total capital, excluding AOCI | 24.7% | 24.1% | [Investment Portfolio](index=15&type=section&id=Consolidated%20Investment%20Supplement) This section analyzes the company's investment portfolio, detailing its composition, net investment income, and performance of various asset classes [Composition of Cash and Investments](index=15&type=section&id=Total%20Cash%20and%20Investments) Total cash and investments increased slightly to $15.99 billion at the end of Q1 2025 from $15.85 billion at year-end 2024. The portfolio is predominantly composed of fixed maturities (66%), with investments accounted for using the equity method making up the next largest portion (15%) | Investment Type | Carrying Value 3/31/25 ($B) | % of Portfolio | | :--- | :--- | :--- | | Fixed maturities | 10.64 | 66% | | Investments accounted for using the equity method | 2.33 | 15% | | Mortgage loans | 0.83 | 5% | | Other | 2.19 | 14% | | **Total** | **15.99** | **100%** | [Net Investment Income Analysis](index=16&type=section&id=Net%20Investment%20Income) Total net investment income for the P&C segment was $170 million in Q1 2025, a decrease from $205 million in Q1 2024. The decline was primarily due to lower income from alternative investments, which fell to $12 million from $56 million year-over-year. Income from the core fixed maturity portfolio remained stable | P&C Net Investment Income Source | Q1 2025 ($M) | Q1 2024 ($M) | | :--- | :--- | :--- | | Fixed maturities | 137 | 131 | | Alternative investments | 12 | 56 | | Other | 27 | 24 | | Investment expenses | (6) | (6) | | **Total Net Investment Income** | **170** | **205** | - The average yield on the overall P&C portfolio decreased to **4.28%** in Q1 2025 from **5.35%** in Q1 2024, driven by the lower returns from alternative investments[17](index=17&type=chunk) [Alternative Investments Performance](index=17&type=section&id=Alternative%20Investments) Net investment income from the P&C segment's alternative investments totaled $12 million in Q1 2025, a sharp drop from $56 million in Q1 2024. The annualized return on these investments was 1.8% for the quarter, compared to 9.0% in the prior-year period. The total carrying value of these investments was $2.73 billion | P&C Alternative Investments | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net Investment Income ($M) | $12 | $56 | | Total Investments ($M) | $2,728 | $2,557 | | Annualized Return | 1.8% | 9.0% | [Fixed Maturity Portfolio by Security Type](index=18&type=section&id=Fixed%20Maturities%20-%20By%20Security%20Type%20-%20AFG%20Consolidated) As of March 31, 2025, the consolidated fixed maturity portfolio had a fair value of $10.64 billion. The portfolio is well-diversified, with the largest allocations to Corporate and other bonds (33%), Other asset-backed securities (22%), and Residential mortgage-backed securities (20%). The approximate duration of the P&C portfolio was 3.0 years | Security Type | Fair Value 3/31/25 ($B) | % of Fair Value | | :--- | :--- | :--- | | Corporate and other bonds | 3.51 | 33% | | Other asset-backed securities | 2.38 | 22% | | Residential mortgage-backed securities | 2.12 | 20% | | Collateralized loan obligations | 1.24 | 12% | | Other | 1.39 | 13% | | **Total** | **10.64** | **100%** | - The approximate duration of the P&C fixed maturity portfolio was **3.0 years** (**2.8 years** including cash) as of March 31, 2025[21](index=21&type=chunk) [Appendix: Detailed Portfolio Breakdowns](index=19&type=section&id=Appendix) This appendix provides detailed breakdowns of the company's investment portfolio, including fixed maturities by credit quality, corporate securities by industry, and asset-backed securities by collateral type [Fixed Maturities Portfolio Quality](index=19&type=section&id=A.%20Fixed%20Maturities%20by%20Credit%20Rating%20%26%20NAIC%20Designation%20by%20Type%203%2F31%2F2025) This section provides a detailed breakdown of the fixed maturities portfolio by credit rating and NAIC designation as of March 31, 2025, and December 31, 2024. The portfolio maintains a high credit quality, with the vast majority of holdings rated as investment grade - As of March 31, 2025, **95%** of the fixed maturity portfolio, with a total fair value of **$10.6 billion**, was rated investment grade[23](index=23&type=chunk) - Based on NAIC designations, **96%** of the insurance companies' fixed maturity portfolio was in the top two categories (NAIC 1 and 2), indicating strong regulatory capital treatment[23](index=23&type=chunk) [Corporate Securities Portfolio by Industry](index=21&type=section&id=C.%20Corporate%20Securities%20by%20Credit%20Rating%20%26%20NAIC%20Designation%20by%20Industry%203%2F31%2F2025) This section details the corporate securities portfolio, breaking it down by industry, credit rating, and NAIC designation. The portfolio is diversified across various industries with a concentration in financial services - As of March 31, 2025, the largest industry exposures in the **$3.5 billion** corporate securities portfolio were **Asset Managers (24%)**, **Banking (13%)**, **Insurance (7%)**, and **Technology (7%)**[27](index=27&type=chunk) [Asset-Backed Securities (ABS) Portfolio by Collateral](index=23&type=section&id=E.%20Asset-Backed%20Securities%20by%20Credit%20Rating%20%26%20NAIC%20Designation%20by%20Collateral%20Type%203%2F31%2F2025) This section provides a granular view of the Asset-Backed Securities (ABS) portfolio, categorized by collateral type and credit rating. The portfolio is high quality and diversified across various collateral types - As of March 31, 2025, the **$2.38 billion** ABS portfolio was **97% investment grade**. Key collateral types include **Whole Business ($516M)**, **Commercial Real Estate ($233M)**, **TruPS ($232M)**, and **Triple Net Lease ($230M)**[35](index=35&type=chunk) [Real Estate-Related Investments](index=25&type=section&id=G.%20Real%20Estate-Related%20Investments%203%2F31%2F2025) This section details the company's real estate-related investments, including equity method investments, directly owned real estate, and mortgage loans. The portfolio is heavily weighted towards multi-family properties - The mortgage loan portfolio of **$827 million** has a conservative loan-to-value ratio of **64%**, with **73%** of the portfolio in multifamily properties. No loans are currently receiving interest deferral[40](index=40&type=chunk) - Investments accounted for via the equity method in real estate total **$1.43 billion**, with **88%** invested in multi-family properties that have a **92%** occupancy rate and **97%** collection rate[39](index=39&type=chunk)

Core Insights - American Financial Group (AFG) reported a revenue of $1.86 billion for the quarter ended March 2025, reflecting a decrease of 1.4% year-over-year and falling short of the Zacks Consensus Estimate of $1.93 billion, resulting in a surprise of -3.79% [1] - The earnings per share (EPS) for the quarter was $1.81, down from $2.76 in the same quarter last year, with an EPS surprise of -16.59% against the consensus estimate of $2.17 [1] Financial Performance Metrics - The company’s shares have returned +10.4% over the past month, compared to the Zacks S&P 500 composite's +11.5% change, indicating a performance in line with the broader market [3] - In the Property and Transportation segment, the Loss and LAE Ratio was reported at 62.1%, better than the estimated 66.8% [4] - The Underwriting Expense Ratio for Property and Transportation was 30.4%, slightly above the average estimate of 30.1% [4] - The Combined Ratio for Property and Transportation was 92.5%, outperforming the estimated 96.8% [4] - In the Specialty Casualty segment, the Loss and LAE Ratio was 67.6%, worse than the estimated 62.8% [4] - The Underwriting Expense Ratio for Specialty Casualty was 30%, above the average estimate of 27.7% [4] - The Combined Ratio for Property and Casualty - Specialty was reported at 94%, in line with the average estimate of 94.7% [4] - The Underwriting Expense Ratio for Specialty Financial was 45.9%, better than the estimated 46.9% [4] Revenue and Premiums - Net investment income was reported at $173 million, below the average estimate of $203.73 million, representing a year-over-year decline of 12.6% [4] - Net earned premium in the Property and Transportation segment was $500 million, significantly lower than the estimated $675.75 million, reflecting a -2.5% change year-over-year [4] - In the Specialty Casualty segment, net earned premium was $794 million, exceeding the average estimate of $759.90 million, with an 8.8% year-over-year increase [4] - Specialty Financial's net earned premium was reported at $286 million, above the average estimate of $270.42 million, indicating a year-over-year increase of 17.7% [4] - Other income (loss) was reported at $27 million, below the average estimate of $37.94 million, representing a year-over-year decline of 30.8% [4]

American Financial Group (AFG) came out with quarterly earnings of $1.81 per share, missing the Zacks Consensus Estimate of $2.17 per share. This compares to earnings of $2.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.59%. A quarter ago, it was expected that this property and casualty insurer would post earnings of $3.20 per share when it actually produced earnings of $3.12, delivering a surprise of -2.50%.Over the l ...

Core Viewpoint - American Financial Group (AFG) is expected to report quarterly earnings of $2.17 per share, reflecting a 21.4% decline year-over-year, while revenues are forecasted to increase by 2.9% to $1.94 billion [1]. Earnings Estimates - The consensus EPS estimate has been revised upward by 0.2% over the past 30 days, indicating analysts have reassessed their projections [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate trends and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Revenues- P&C insurance net earned premiums' at $1.73 billion, indicating a 12% year-over-year increase [5]. - 'Revenues- Net investment income' is projected to reach $203.73 million, reflecting a 2.9% increase year-over-year [5]. - 'Specialty Casualty- Net earned premium' is expected to be $759.90 million, showing a 4.1% increase from the previous year [5]. - 'Property and Transportation- Net earned premium' is forecasted at $675.75 million, suggesting a significant 31.7% year-over-year increase [6]. Loss and LAE Ratios - The estimated 'Property and Transportation - Loss and LAE Ratio' is 66.8%, up from 59.2% in the previous year [6]. - The 'Property and Casualty - Combined Ratio - Specialty' is projected at 94.7%, compared to 90.1% in the same quarter last year [7]. - 'Specialty Casualty - Loss and LAE Ratio' is expected to be 62.8%, slightly up from 62.5% year-over-year [7]. - 'Specialty Financial - Loss and LAE Ratio' is projected at 44.4%, compared to 40.2% in the previous year [8]. Underwriting Expense Ratios - The 'Specialty Casualty - Underwriting Expense Ratio' is expected to be 27.7%, up from 27.3% in the same quarter last year [8]. - 'Specialty Financial - Underwriting Expense Ratio' is projected at 46.9%, compared to 46.1% in the previous year [9]. - The 'Property and Transportation - Underwriting Expense Ratio' is expected to be 30.1%, slightly up from 29.8% year-over-year [9]. Market Performance - Over the past month, shares of American Financial have returned +6.5%, outperforming the Zacks S&P 500 composite's +0.4% change [10].

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for American Financial Group (AFG) despite higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - AFG is expected to report quarterly earnings of $2.17 per share, reflecting a year-over-year decrease of 21.4%, while revenues are projected to be $1.94 billion, an increase of 2.9% from the previous year [3]. - The earnings report is scheduled for May 6, 2025, and could lead to stock price increases if results exceed expectations [2]. Estimate Revisions - The consensus EPS estimate has been revised 0.2% higher in the last 30 days, indicating a slight positive adjustment by analysts [4]. - The Most Accurate Estimate for AFG is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.42%, suggesting a bearish outlook from analysts [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict earnings deviations, with positive readings being more reliable [6][7]. - AFG's current Zacks Rank is 3, which complicates the prediction of an earnings beat [11]. Historical Performance - In the last reported quarter, AFG was expected to post earnings of $3.20 per share but delivered only $3.12, resulting in a surprise of -2.50% [12]. - Over the past four quarters, AFG has only beaten consensus EPS estimates once [13]. Industry Comparison - Skyward Specialty Insurance (SKWD), another player in the property and casualty insurance sector, is expected to report earnings of $0.78 per share, indicating a year-over-year increase of 4% [17]. - SKWD has an Earnings ESP of 8.15% and has consistently beaten consensus EPS estimates in the last four quarters, contrasting with AFG's performance [18].

Shares of American Financial Group, Inc. (AFG) are trading at a premium to the Zacks Property and Casualty Insurance industry. Its price-to-book value of 2.39X is higher than the industry average of 1.63X. It has a Value Score of B. Shares of other insurers like The Travelers Companies, Inc. (TRV) , Palomar Holdings, Inc. (PLMR) and W.R. Berkley Corporation (WRB) are also trading at a multiple higher than the industry average. Image Source: Zacks Investment ResearchAmerican Financial shares have gained 2.1% ...

Group 1 - The article discusses concerns regarding an American Financial Group, Inc. debenture (NYSE: AFGC) which has a face yield of 5.125% annually through 2059 [1] - Robert F. Abbott has been managing his family's investments since 1995 and has incorporated options strategies such as covered calls and collars since 2010 [1] - Abbott is a freelance writer with a focus on providing information for new and intermediate-level mutual fund investors [1]

American Financial Group (AFG) recently resorted to wealth distribution to shareholders via a special dividend. The board approved a special dividend of $2 per share, testifying to the insurer’s strong financial position and long-term growth prospects.The special dividend, totaling $170 million, will be paid on March 28, 2025, to shareholders of record on March 17, 2025. This special dividend is in addition to the quarterly cash dividend of 80 cents per share paid on Jan. 24, 2025. With this special dividen ...

Financial Performance - AFG's gross written premiums for 2024 reached $10,533 million, an increase of 9.0% from $9,656 million in 2023[32] - The net written premiums for 2024 were $7,139 million, up from $6,692 million in 2023, reflecting a growth of 6.7%[32] - AFG's combined ratio for 2024 was 91.2%, slightly higher than 90.4% in 2023, indicating continued underwriting profitability[32] - The statutory combined ratio averaged 90.6% from 2015 to 2024, outperforming the property and casualty commercial lines industry average of 98.3%[28] - AFG's underwriting gain for 2024 was $620 million, a slight decrease from $631 million in 2023[32] Losses and Claims - AFG's total net losses from current accident year catastrophes were $180 million in 2024, compared to $162 million in 2023[33] - AFG's loss and LAE ratio for 2024 was 63.3%, up from 61.6% in 2023, indicating an increase in claims costs[32] - Paid losses and LAE decreased to $11 million in 2024 from $15 million in 2023 and $23 million in 2022[59] - AFG's liability for unpaid losses and LAE reported on a GAAP basis was $14,179 million as of December 31, 2024[57] Reinsurance - AFG's reinsurance ceded amounted to $3,394 million in 2024, up from $2,964 million in 2023, indicating a growth of 14.5%[55] - The company expects to continue reinsuring 50% of its crop premiums not reinsured by the Federal Crop Insurance Corporation in the private market for 2025[53] - AFG's catastrophe reinsurance coverage for U.S.-based operations includes $205 million in excess of a $70 million per event primary retention[47] Investment Portfolio - AFG's investment portfolio totaled $15.85 billion as of December 31, 2024[78] - The earned yield on fixed maturities was 5.0% for 2024, compared to 4.7% in 2023 and 3.5% in 2022[80] - Total return on AFG's fixed maturities was 6.2% in 2024, outperforming the Barclays Capital U.S. Universal Bond Index, which returned 2.0%[82] - Approximately 96% of AFG's fixed maturity investments had a National Association of Insurance Commissioners designation of 1 or 2, indicating high quality[84] Employee Metrics - 94% of employees agreed that the organization provides high-quality products and services, based on the 2024 Employee Survey[68] - The voluntary turnover rate for AFG in 2024 was 7.1%, indicating positive retention trends[67] - The most recent Employee Survey in 2024 had a participation rate of 92%[68] Regulatory Compliance - AFG is subject to various federal regulations, including the Gramm-Leach-Bliley Act and the Fair Credit Reporting Act, impacting daily operations[94] - The Dodd-Frank Act established the Federal Insurance Office (FIO) to monitor the insurance industry and ensure access to affordable non-health insurance products[95] - Compliance with Solvency II and other solvency regulations is mandatory for AFG's foreign insurance subsidiaries[96] - The company must adhere to various privacy laws, including the EU and UK General Data Protection Regulation (GDPR)[96] Business Operations - The company completed the acquisition of Crop Risk Services in July 2023, maintaining its position as the fifth-ranked writer of U.S. crop insurance[20] - AFG operates 36 insurance businesses under the Great American Insurance Group, focusing on specialized commercial products[23] - The property and casualty insurance group primarily directs sales through independent agents and brokers, with a commission structure based on policy sales and profitability[62]

Group 1 - American Financial Group, Inc. (AFG) is an insurance holding company with a Zacks Consensus Estimate for its current year earnings revised 6.4% downward over the last 60 days [1] - BASF SE (BASFY) is a chemical company with a Zacks Consensus Estimate for its current year earnings revised 5.7% downward over the last 60 days [1] - Brunswick Corporation (BC) designs, manufactures, and markets recreation products, with a Zacks Consensus Estimate for its current year earnings revised 19.9% downward over the last 60 days [2]