Core Insights - American Financial Group (AFG) reported $1.8 billion in revenue for Q2 2024, a year-over-year increase of 4.1% [1] - The EPS for the same period was $2.56, compared to $2.38 a year ago, with an EPS surprise of +1.19% against the consensus estimate of $2.53 [1] Revenue Performance - The reported revenue of $1.8 billion was a surprise of -10.72% compared to the Zacks Consensus Estimate of $2.02 billion [1] - P&C insurance net earned premiums were $1.59 billion, below the average estimate of $1.70 billion, but represented a +5.2% change year-over-year [5] - Net investment income was $188 million, slightly below the average estimate of $189.49 million, with a year-over-year change of -5.1% [6] - Specialty Casualty net earned premium was $739 million, compared to the average estimate of $752.57 million, reflecting a +3.9% year-over-year change [7] - Property and Transportation net earned premium was $543 million, below the average estimate of $626.71 million, with a +1.7% year-over-year change [8] - Specialty Financial net earned premium was $241 million, compared to the average estimate of $263.08 million, showing a +23.6% year-over-year change [9] - Other income (loss) was reported at $27 million, below the average estimate of $36.58 million, with an 8% year-over-year change [10] - Other Specialty net earned premium was $62 million, below the average estimate of $71.65 million, representing a -7.5% year-over-year change [11] Key Ratios - Property and Casualty Loss and LAE Ratio was 59.1%, better than the four-analyst average estimate of 60.1% [3] - Property and Transportation Underwriting Expense Ratio was 28.9%, compared to the four-analyst average estimate of 29.1% [3] - Property and Transportation Loss and LAE Ratio was 64%, better than the 66% average estimate [3] - Property and Transportation Combined Ratio was 92.6%, compared to the four-analyst average estimate of 95.1% [4] - Property and Casualty Combined Ratio - Specialty was 90.5%, better than the four-analyst average estimate of 91% [4] Stock Performance - Shares of American Financial have returned +2.1% over the past month, outperforming the Zacks S&P 500 composite's -6.7% change [11]

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 ...

Investors in American Financial Group, Inc. (AFG) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $62.5 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. I ...

American Financial Group, Inc. (AFG) is set to gain from new business opportunities, increased exposures, a better renewal rate environment, improved combined ratio, stronger underwriting profit and effective capital deployment. These, along with solid growth projections, make the stock worth retaining.Earnings of this Zacks Rank #3 (Hold) insurer have grown 6.1% in the last five years. It has a VGM Score of A. This helps to identify stocks with the most attractive value, growth and momentum.Its shares have ...

American Financial Group, Inc. (AFG) is well-positioned for growth, driven by new business opportunities, increased exposures and a good renewal rate environment, improved combined ratio, stronger underwriting profit and effective capital deployment.Growth ProjectionsThe Zacks Consensus Estimate for American Financial’s 2024 earnings per share indicates a year-over-year increase of 3.6%. The consensus estimate for revenues is pegged at $8 billion, implying a year-over-year improvement of 6.3%.The consensus ...

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 March 31, 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, Cinc ...

American Financial Group, Inc. (NYSE:AFG) Q1 2024 Earnings Conference Call May 2, 2024 11:30 AM ET Company Participants Diane Weidner - Vice President, Investor Relations Carl Lindner - Co-Chief Executive Officer and Director Craig Lindner - Co-Chief Executive Officer and Director Brian Hertzman - Senior Vice President and Chief Financial Officer Conference Call Participants Charles Lederer - Citigroup Michael Zaremski - BMO Capital Markets Andrew Andersen - Jefferies Meyer Shields - KBW Operator Thank you ...

American Financial Group, Inc. (AFG) reported first-quarter 2024 net operating earnings per share of $2.76, which missed the Zacks Consensus Estimate by 0.3%. The bottom line decreased 4.5% year over year.American Financial’s results reflected a decline in investment income, lower underwriting profit, higher expenses and catastrophe losses, offset by improved net earned premiums.Behind the HeadlinesTotal revenues of $1.8 billion increased 5.1% year over year in the quarter. The growth came on the back of hi ...

Exihibit 99.1 American Financial Group, Inc. Announces First Quarter Results CINCINNATI – May 1, 2024 – American Financial Group, Inc. (NYSE: AFG) today reported 2024 first quarter net earnings of $242 million ($2.89 per share) compared to $212 million ($2.49 per share) for the 2023 first quarter. Net earnings for the 2024 first quarter included after-tax non-core net realized gains on securities of $11 million ($0.13 per share). Comparatively, net earnings in the 2023 first quarter included after-tax non-c ...

American Financial Group (AFG) reported $1.88 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 5.1%. EPS of $2.76 for the same period compares to $2.89 a year ago.The reported revenue represents a surprise of -0.19% over the Zacks Consensus Estimate of $1.89 billion. With the consensus EPS estimate being $2.77, the EPS surprise was -0.36%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...