Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
American Financial Group (AFG)
NYSE:AFG
Holding AFG?
Track your performance easily
Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$3.1Last Year’s EPS
$2.84Same Quarter Last Year
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 10.18%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Positive
AFG presented a strong financial performance with robust investment income growth and strategic dividend payouts. Despite challenges from increased catastrophe losses and social inflation, the company's maintained growth in premiums and effective capital management contribute to a generally positive outlook.Company Guidance
During the American Financial Group's Q3 2024 earnings call, guidance was provided with several key metrics highlighted. The company reported a core net operating earnings of $2.31 per share and an annualized third quarter core operating return on equity of 16%. The Specialty Property and Casualty Insurance business had a 94.3% combined ratio, with catastrophe losses adding 4.4 points, largely due to Hurricane Helene. The Property and Casualty net investment income saw a 15% year-over-year increase, with the investment portfolio yielding 5.5% in fixed maturities. The company declared a special dividend of $4 per share, adding to the $50 per share in special dividends since 2021. Renewal pricing across the Property and Casualty Group rose by approximately 8%. Despite challenges, AFG remains optimistic about maintaining strong shareholder returns and capital management strategies moving forward.Strong Core Operating Return on Equity
AFG reported an annualized third quarter core operating return on equity of 16%.
Increase in Property and Casualty Net Investment Income
Net investment income for Property and Casualty increased by 15% year-over-year due to higher interest rates.
Special Dividend Announcement
AFG declared a special dividend of $4 per share, adding to a total of $50 per share or $4.2 billion in special dividends since 2021.
Growth in Book Value Per Share
Growth in book value per share, excluding AOCI plus dividends, was 4% for the quarter and 13.9% for the first nine months of 2024.
Premium Growth in Specialty P&C
Gross and net written premiums were up 19% and 14% respectively, driven by the Crop Risk Services acquisition. Excluding crop insurance, premiums grew 7% year-over-year.
Consistent Renewal Rate Increases
Achieved renewal rate increases for 33 consecutive quarters, with average renewal pricing up 8% in the third quarter.
---
AFG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
AFG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $123.85 | $130.03 | +4.99% |
| Aug 06, 2024 | $120.13 | $119.29 | -0.70% |
| May 01, 2024 | $123.68 | $122.66 | -0.82% |
| Feb 06, 2024 | $112.05 | $114.42 | +2.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does American Financial Group (AFG) report earnings?
American Financial Group (AFG) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is American Financial Group (AFG) earnings time?
American Financial Group (AFG) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AFG EPS forecast?
AFG EPS forecast for the fiscal quarter 2024 (Q4) is $3.1.
---