---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-128159"
form_type: "8-K"
ticker: "AFG"
cik: "0001042046"
company_name: "AMERICAN FINANCIAL GROUP INC"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-02T23:46:33.101315+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001193125-24-128159
- form_type: 8-K
- ticker: AFG
- cik: 0001042046
- company_name: AMERICAN FINANCIAL GROUP INC
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042046/000119312524128159/0001193125-24-128159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042046/000119312524128159/d811474d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-128159
- JSON: https://secwatch.observer/filing/0001193125-24-128159.json
- Plain text: https://secwatch.observer/filing/0001193125-24-128159.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042046/000119312524128159/0001193125-24-128159-index.htm

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