earnings
confidence high
sentiment positive
materiality 0.80
AFG Q3 2023 core EPS $2.45, up 9% YoY; declares special $1.50 dividend
AMERICAN FINANCIAL GROUP INC
2023-Q3 EPS reported
$6.93
revenue$5,744,000,000
- Core net operating earnings $208M ($2.45/sh), up 9% from $2.24; annualized core ROE 18.3%.
- Specialty P&C combined ratio 92.2%; underwriting profit $143M; net written premiums up 4%.
- Board declares special $1.50/sh cash dividend (payable Nov 22 to holders Nov 13); aggregate ~$126M.
- Full-year 2023 core EPS guidance maintained at $10.15-$11.15; net investment income up 17% YoY.
- Repurchased $86M of common stock in Q3; excess capital ~$660M.