---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-036749"
form_type: "8-K"
ticker: "AFG"
cik: "0001042046"
company_name: "AMERICAN FINANCIAL GROUP INC"
filed_at: "2026-02-04T23:59:59+00:00"
generated_at: "2026-05-16T04:47:05.012843+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# AFG Q4 core EPS $3.65, record underwriting profit up 41%; declares $1.50 special dividend

## Summary
- Q4 2025 net earnings $299M ($3.58/share); core net operating earnings $305M ($3.65/share).
- Specialty P&C underwriting profit hit record $287M, up 41% YoY; combined ratio 84.1%.
- Full-year 2025 core operating ROE 18.2%; book value ex-AOCI + dividends grew 17.2%.
- Board declared $1.50/shr special dividend payable Feb 25, 2026 to holders of record Feb 16.
- 2026 guidance: core EPS ~$11.00, core operating ROE ~18%, NWP growth 3-5%.

## SEC filing metadata
- accession: 0001193125-26-036749
- form_type: 8-K
- ticker: AFG
- cik: 0001042046
- company_name: AMERICAN FINANCIAL GROUP INC
- filed_at: 2026-02-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042046/000119312526036749/0001193125-26-036749-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042046/000119312526036749/d32393d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-036749
- JSON: https://secwatch.observer/filing/0001193125-26-036749.json
- Plain text: https://secwatch.observer/filing/0001193125-26-036749.txt

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