American Financial ( (AFG) ) has released its Q4 earnings. Here is a breakdown of the information American Financial presented to its investors.
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American Financial Group, Inc. is a prominent insurance holding company based in Cincinnati, Ohio, primarily engaging in property and casualty insurance through its Great American Insurance Group, offering specialized commercial products for businesses.
The company recently announced its financial results for the fourth quarter and full year of 2024, reporting a net earnings per share of $3.03 for the fourth quarter and $10.57 for the entire year. Core net operating earnings per share were slightly higher at $3.12 for the quarter and $10.75 for the year, reflecting strong investment income and effective capital management.
Key financial highlights include a full-year return on equity of 19.0% and a core operating ROE of 19.3%. The company returned approximately $791 million to shareholders, including $545 million in special dividends. Despite a slight decrease in fourth-quarter net earnings compared to the previous year, core net operating earnings showed a strong year-over-year increase due to improved returns on alternative investments.
Looking forward, American Financial Group remains confident in its ability to create long-term value for shareholders, with expectations of maintaining strong core operating earnings and return on equity in 2025. The company plans to continue capital deployment into its core businesses and explore opportunities for growth through acquisitions and start-ups that meet its targeted return thresholds.
