American Financial (AFG) News & Sentiment

CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) has announced that Craig Lindner Jr. and David L. Thompson Jr. have been elected as Directors by the Board. Furthermore, James E. Evans has informed the Board that he will not seek reelection at the 2025 Annual Meeting of Shareholders, but he will remain with the Company as an Executive Consultant, a position he has held since leaving his senior officer role in 2014. Mr. Evans will continue in this advisory capacity.

AFG, BASFY, and BC were included in the Zacks Rank #5 (Strong Sell) List on February 31, 2024.

American Financial Group, Inc. (NYSE:AFG) will hold a conference call on February 5, 2025, at 11:30 AM ET to discuss their Q4 2024 results. The call will feature company representatives including Diane Weidner, Carl Lindner, Craig Lindner, and Brian Hertzman. Participants from various financial firms will also join the discussion.

AFG's results for the fourth quarter show that they have higher premiums, an increase in average renewal prices in the property and casualty group, and better net investment income.

The main figures for American Financial (AFG) provide an overview of the company's performance for the quarter that ended in December 2024. However, it could be useful to compare some important metrics with Wall Street predictions and the results from the same period last year.

American Financial Group (AFG) reported quarterly earnings of $3.12 per share, which is lower than the Zacks Consensus Estimate of $3.20 per share. This is an increase from last year's earnings of $2.84 per share.

CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) announced its net earnings for the fourth quarter of 2024 were $255 million ($3.03 per share), down from $263 million ($3.13 per share) in the same quarter of 2023. The 2024 results included after-tax non-core realized losses of $7 million ($0.09 per share), while the 2023 results had after-tax non-core realized gains of $25 million ($0.29 per share).

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.