earnings
confidence high
sentiment positive
materiality 0.75
AFG Q3 net earnings $2.16/sh; declares $4 special dividend
AMERICAN FINANCIAL GROUP INC
2024-Q3 EPS reported
$7.54
revenue$6,175,000,000
- Q3 net earnings $181M ($2.16/sh); core net operating earnings $2.31/sh vs $2.45/sh YoY.
- P&C combined ratio 94.3% vs 92.2%; catastrophe losses $90M (4.4 pts) from Hurricane Helene.
- Board declared $4.00/sh special cash dividend (~$335M aggregate); payable Nov 26 to holders Nov 15.
- Average renewal rate ex-workers' comp +8%; P&C net investment income up ~15% YoY.
- Estimated $30M pretax loss from Hurricane Milton to be booked in Q4 2024.