---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-025964"
form_type: "8-K"
ticker: "AFG"
cik: "0001042046"
company_name: "AMERICAN FINANCIAL GROUP INC"
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T06:21:48.955630+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AFG reports Q4 core EPS $2.84, full-year core EPS $10.56; special dividend $2.50/share

## Summary
- Q4 net earnings $263M ($3.13/sh) vs $276M ($3.24/sh) YoY; core net operating earnings $238M ($2.84/sh) vs $255M ($2.99/sh).
- Full year 2023 core operating ROE 19.8%; book value per share + dividends grew 24.1%.
- P&C combined ratio 87.7% for Q4; net written premiums up 8% for the year to $6.692B.
- Board declared special cash dividend of $2.50/share, payable Feb 28, 2024 to holders of record Feb 16, 2024.
- Company will cease providing annual EPS guidance; expects 2024 core EPS ~$11.00 and ~20% core operating ROE.

## SEC filing metadata
- accession: 0001193125-24-025964
- form_type: 8-K
- ticker: AFG
- cik: 0001042046
- company_name: AMERICAN FINANCIAL GROUP INC
- filed_at: 2024-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042046/000119312524025964/0001193125-24-025964-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042046/000119312524025964/d766797d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-025964
- JSON: https://secwatch.observer/filing/0001193125-24-025964.json
- Plain text: https://secwatch.observer/filing/0001193125-24-025964.txt

## Key facts
- Earnings Releases
  AMERICAN FINANCIAL GROUP INC reported 2023 fourth quarter results: net income Net earnings of $263 million ($3.13 per share), EPS $3.13.
  - Period: 2023 fourth quarter
  - Net income: Net earnings of $263 million ($3.13 per share)
  - EPS: $3.13
  - Result: reported results
  source text: American Financial Group, Inc. (NYSE: AFG) today reported 2023 fourth quarter net earnings of $263 million ($3.13 per share) compared to $276 million ($3.24 per share) in the 2022 fourth quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042046/000119312524025964/0001193125-24-025964-index.htm
- Earnings Releases
  AMERICAN FINANCIAL GROUP INC reported full year of 2023 results: EPS Net earnings for the full year of 2023 were $10.05 per share.
  - Period: full year of 2023
  - EPS: Net earnings for the full year of 2023 were $10.05 per share
  - Result: reported results
  source text: Net earnings for the full year of 2023 were $10.05 per share, compared to $10.53 per share in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042046/000119312524025964/0001193125-24-025964-index.htm
- Earnings Releases
  AMERICAN FINANCIAL GROUP INC reported financial results for the fourth quarter of 2023 and the year ended December 31, 2023.
  - Period: the fourth quarter of 2023 and the year ended December 31, 2023
  - Result: reported results
  source text: Reference is made to the press release of American Financial Group, Inc. (the “Company”) relating to the announcement of the Company’s results of operations for the fourth quarter of 2023 and the year ended December 31, 2023 and the availability of the Investor Supplement on the Company’s website. The press release was issued on February 6, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042046/000119312524025964/0001193125-24-025964-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.