American Financial (AFG) Stock

American Financial Group is a medium-sized property and casualty insurer known for its strong underwriting results and emphasis on specialty lines, which helps it maintain steady profits. For the fourth quarter of 2024, AFG's earnings are projected to improve, with a combined ratio of about 88.7% and net income increasing to $263 million. The company is in a strong financial position, with extra capital and a flexible policy for returning capital, although its income may be less stable.

The previous buy rating has been confirmed after a detailed review revealed that the property/casualty insurer is financially stable and has strong credit ratings. There is a strong argument for dividends, supported by a consistent 5-year dividend growth rate, positive cash flow, and reliable profitability with a healthy profit margin. However, the company still faces risks from catastrophic losses due to weather and fire events, which can affect its business.

CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) plans to announce its fourth quarter and full year results for 2024 after 5:00 p.m. (ET) on Tuesday, February 4, 2025. The results will be posted on AFG's website at www.AFGinc.com shortly after the announcement. AFG will also host a conference call to discuss these results at 11:30 a.m. (ET) on Wednesday, February 5, 2025, with two options for accessing the call.

Companies such as Unum Group, Cincinnati Financial, American Financial, Radian, and Voya Financial have a strong record of paying dividends, providing some stability during uncertain times.

American Financial (AFG) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

American Financial has benefited from new business opportunities, greater exposure, improved renewal rates, and efficient use of capital.

We have selected four insurance companies: First American Financial Corporation, Cincinnati Financial Corporation, CNA Financial Corporation, and American Financial Group, all of which have a strong record of paying dividends.

After the election, American Financial Group's shares increased by 5%, even though their Q3 results were mixed. Their adjusted earnings per share for Q3 were $2.31, which was $0.15 lower than expected, partly due to $90 million in catastrophe losses, but they did see a 14% rise in premiums. The company maintains a strong financial position and a careful approach to underwriting, allowing them to implement a solid capital return strategy, which includes $6.50 in special dividends this year.

American Financial Group, Inc. (NYSE:AFG) will hold its Q3 2024 Earnings Conference Call on November 6, 2024, at 11:30 AM ET. The call will feature company representatives including Diane Weidner, Carl Lindner, Craig Lindner, and Brian Hertzman. Participants from various financial institutions will also join the call.