earnings
confidence high
sentiment neutral
materiality 0.75
AFG Q3 core EPS $2.24, guides FY22 $11.00-$11.75; special dividend $2.00
AMERICAN FINANCIAL GROUP INC
2022-Q3 EPS reported
$7.29
revenue$5,111,000,000
- Core net operating earnings $2.24 per share ($192M), down from $2.71 ($231M) YoY; includes $0.36 after-tax catastrophe losses.
- P&C combined ratio 91.1% (2.5 pts catastrophe); net written premiums up 15% YoY.
- Full year 2022 core EPS guidance narrowed to $11.00-$11.75 from $10.75-$11.75.
- Declares special cash dividend $2.00/share, payable Nov 22 to record Nov 15; aggregate ~$170M.
- Parent company cash/investments ~$760M; excess capital $1.3B at Sept 30.