earnings
confidence high
sentiment positive
materiality 0.78
AFG Q2 2024: Core EPS $2.56 (+8% YoY), P&C combined ratio improves to 90.5%
AMERICAN FINANCIAL GROUP INC
2024-Q2 EPS reported
$5.38
revenue$3,806,000,000
- Core net operating EPS $2.56 vs $2.38 YoY, up 8%; net earnings $209M ($2.49 diluted).
- Specialty P&C combined ratio 90.5%, improved 1.4 points YoY; underwriting profit $151M vs $123M.
- Renewal pricing up ~8% excluding workers' comp; net written premiums up 1% in Q2.
- Book value per share ex AOCI $56.19; quarter growth ex AOCI plus dividends 4.7%.
- Dividend $0.71 per share paid in Q2; co retains excess capital for buybacks and growth.