earnings
confidence high
sentiment positive
materiality 0.85
AFG Q1 core EPS $3.56 (+50% YoY); declares $8 special dividend; boosts FY guidance to $10.50-$11.50
AMERICAN FINANCIAL GROUP INC
2022-Q1 EPS reported
$3.40
revenue$1,588,000,000
- Q1 2022 core net operating earnings $303M ($3.56/share), up 50% from $2.38 in Q1 2021.
- Board declares special cash dividend of $8.00/share (~$680M aggregate), payable May 27, 2022.
- Plans to redeem all $375M principal of 3.500% Senior Notes due 2026 on June 3, 2022; after-tax charge ~$5M.
- FY 2022 core EPS guidance raised to $10.50-$11.50 from $9.75-$10.75, citing higher net investment income.
- Specialty P&C underwriting profit record of $208M; combined ratio improved to 84.0% (4.5 pts better).