Industry Overview - The Zacks Property and Casualty Insurance industry is facing challenges such as increased catastrophe events leading to reduced underwriting profit [1] - Estimated total economic losses in 2023 were $380 billion, with insured losses at $118 million [1] - The total net underwriting loss reached $38 billion in 2023, marking a 10-year high, primarily due to weather-related losses, high inflation, and reinsurance pricing pressure [1] - The combined ratio was reported at 103.7, with catastrophe losses contributing 780 basis points, and an expected combined ratio of 100.7 for 2024 [1] - Despite these challenges, the P&C insurance industry has gained 13.5% year-to-date, outperforming the S&P 500 Composite's growth of 6.9% and the Finance sector's 2.6% rise [1] Growth Prospects - Global commercial insurance prices have risen for 25 consecutive quarters, indicating a positive pricing environment [2] - Gross premiums are projected to increase sixfold to $722 billion by 2030, with a 5.5% growth forecast for 2024 [2] Interest Rate Environment - The insurance industry is sensitive to interest rates, with the Fed making four hikes in 2023, totaling 11 since March 2022 [3] - A stable interest rate environment is beneficial for insurers, particularly long-tail insurers [3] Company Highlights Axis Capital Holdings Limited (AXS) - Market capitalization of $5.19 billion, with a focus on specialty insurance and reinsurance products [6] - Current dividend yield of 2.8%, with a payout ratio of 18 and a five-year annualized dividend growth rate of 2.26% [6] - The company repurchased shares worth $17 million in 2023 and has $100 million remaining for share repurchases through December 2024 [6] Cincinnati Financial Corporation (CINF) - Market capitalization of $18.38 billion, focusing on property casualty insurance in the U.S. [7] - Dividend yield of 2.5%, with a payout ratio of 50 and a five-year annualized dividend growth rate of 7.22% [7] - The company has a history of increasing dividends for 64 consecutive years and approved an 8% hike in January 2024 [7] CNA Financial Corporation (CNA) - Market capitalization of $11.87 billion, offering commercial P&C insurance products [8] - Current dividend yield of 4%, with a payout ratio of 36 and a five-year annualized dividend growth rate of 4.35% [8] - The company announced a special dividend of $2 per share in February 2024 [8] American Financial Group (AFG) - Market capitalization of $10.83 billion, providing specialty P&C insurance products [10] - Dividend yield of 2.2%, with a payout ratio of 27 and a five-year annualized dividend growth rate of 12.08% [10] - The company repurchased shares for $213 million in 2023 and declared a special cash dividend of $2.50 per share in February 2024 [11]

It has been about a month since the last earnings report for American Financial Group (AFG) . Shares have added about 5.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is American Financial due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. American Financial Q4 Earnin ...

American Financial Group, Inc.’s (AFG) rate increases, higher retentions in renewal business, a rise in average renewal pricing, stronger underwriting profit and improved guidance make it worth retaining in one’s portfolio.Growth ProjectionsThe Zacks Consensus Estimate for American Financial’s 2024 earnings is pegged at $11.02 per share, indicating a 4.3% increase from the year-ago reported figure on 4.2% higher revenues of $7.84 billion. The consensus estimate for 2025 earnings is pegged at $11.52 per shar ...

Core Viewpoint - American Financial Group, Inc. has elected Roger K. Newport to its Board of Directors, while Terry S. Jacobs will retire and not seek re-election at the 2024 Annual Meeting [1]. Group 1: Board Changes - Roger K. Newport has been elected as a director, bringing extensive experience from his previous role as CEO of AK Steel Holding Corporation [1][2]. - Terry S. Jacobs, a board member since 2003, will retire from the Board at the 2024 Annual Meeting, having made significant contributions during his tenure [1][3]. Group 2: Roger K. Newport's Background - Newport served as CEO of AK Steel from January 2016 until March 2020, and held various senior financial management roles at the company since 2012 [2]. - He has a Bachelor of Business Administration in Accounting from the University of Cincinnati and an MBA from Xavier University [3]. Group 3: Company Overview - American Financial Group is an insurance holding company based in Cincinnati, Ohio, primarily engaged in property and casualty insurance through Great American Insurance Group [5].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-K Washington, D.C. 20549 ☑ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2023 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, Cincinnat ...

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 2024 Association of Insurance and Financial Analysts (AIFA) Conference on Tuesday, March 5, 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 vi ...

American Financial Group, Inc. (NYSE:AFG) Q4 2023 Earnings Conference Call February 7, 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 Charlie Lederer - Citi Paul Newsome - Piper Sandler Michael Zaremski - BMO Andrew Andersen - Jefferies Meyer Shields - Keefe, Bru ...

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 ...