AFG Q1 net EPS $2.89 up 16% YoY; core EPS $2.76 down 4.5% on lower alternatives

AMERICAN FINANCIAL GROUP INC

2024-Q1 EPS reported $2.89 revenue$1,906,000,000

Net earnings $242M ($2.89/sh) vs $212M ($2.49) YoY; includes $0.13/sh after-tax non-core gains on securities.
Core net operating earnings $231M ($2.76/sh) vs $247M ($2.89) YoY; decrease driven by lower alternative investment returns.
Specialty P&C combined ratio 90.1% (89.2% prior year); net written premiums up 8% with renewal rates up 8% ex workers' comp.
P&C net investment income ex alternatives up 16% YoY; alternatives returned 9.0% annualized (vs 14.2% in prior year).
Book value per share ex AOCI $54.32 (down from $54.72 at Dec 2023); paid $3.21/sh dividends in Q1 (incl $2.50 special).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AMERICAN FINANCIAL GROUP INC reported first quarter of 2024 results: net income $242 million ($2.89 per share), EPS $2.89.

Period: first quarter of 2024
Net income: $242 million ($2.89 per share)
EPS: $2.89
Result: reported results

Exact text from the filing

American Financial Group, Inc. (NYSE: AFG) today reported 2024 first quarter net earnings of $242 million ($2.89 per share) compared to $212 million ($2.49 per share) for the 2023 first quarter.

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Source: SEC EDGAR

accession 0001193125-24-128159

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