earnings
confidence high
sentiment positive
materiality 0.75
AFG Q4 core EPS $4.12 vs $2.01 YoY; 2022 guidance $9.75-$10.75; combined ratio 80.7%
AMERICAN FINANCIAL GROUP INC
2021-FY EPS reported
$23.30
revenue$6,552,000,000
- Q4 2021 net earnings $4.18 per share (vs $7.93 in Q4 2020 which included $5.92 from discontinued ops).
- Core net operating earnings $4.12 per share in Q4, up from $2.01 YoY; full year core $11.59 vs $5.40.
- P&C underwriting profit record $485M in Q4; combined ratio 80.7% (incl. 5.0pt favorable reserve development).
- Full year 2022 core EPS guidance $9.75-$10.75; assumes ~10% return on alternative investments, average crop year.
- Excess capital $2.1B; paid $26.00 per share in special dividends in 2021; share repurchases $319M.