财务表现 - AFG 2024年第一季度营收达到18.8亿美元，同比增长5.1%[1] - AFG的每股收益为2.76美元，与去年同期的2.89美元相比略有下降[1] - AFG的P&C保险净赚保费为15.5亿美元，略低于五位分析师平均预期，同比增长7.6%[9] - AFG的净投资收入为1.98亿美元，略高于五位分析师平均预期，同比下降8.8%[10] 财务指标 - AFG的财产和意外伤害-核保费用比率为31.5%，与五位分析师平均预期一致[5] - AFG的财产和意外伤害-损失和赔款率为58.6%，略低于五位分析师平均预期[6] - AFG的专业责任-核保费用比率为27.3%，略低于四位分析师平均预期[8] - AFG的专业责任-损失和赔款率为40.2%，高于四位分析师平均预期[8] 市场表现 - AFG的股票在过去一个月中表现不佳，与Zacks S&P 500综合指数相比下跌5.6%[15] 其他收入 - AFG的其他收入为3900万美元，略高于两位分析师平均预期，同比增长21.9%[13]

The Zacks Property and Casualty Insurance industry continues to grapple with issues like higher catastrophe events, both natural and man-made, which drag down underwriting profit.Per Aon, estimated total economic losses were $380 billion, while insured losses were $118 million in 2023.Per AM Best, total net underwriting loss was $38 billion in 2023, a 10-year high, largely attributable to weather-related losses, high inflation as well as reinsurance pricing pressure. The combined ratio was 103.7 for the sam ...

It has been about a month since the last earnings report for American Financial Group (AFG) . Shares have added about 5.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is American Financial due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. American Financial Q4 Earnin ...

American Financial Group, Inc.’s (AFG) rate increases, higher retentions in renewal business, a rise in average renewal pricing, stronger underwriting profit and improved guidance make it worth retaining in one’s portfolio.Growth ProjectionsThe Zacks Consensus Estimate for American Financial’s 2024 earnings is pegged at $11.02 per share, indicating a 4.3% increase from the year-ago reported figure on 4.2% higher revenues of $7.84 billion. The consensus estimate for 2025 earnings is pegged at $11.52 per shar ...

Roger K. Newport任命为AFG董事 - Roger K. Newport被选为AFG的董事[1] - Newport曾在AK Steel担任首席执行官和董事[2] - Newport拥有丰富的财务管理经验[2] - Newport还在Alliant Energy Corporation担任董事[3] Terry S. Jacobs宣布退休 - Terry S. Jacobs宣布不再参加2024年股东大会并退休[1] - Jacobs自2003年以来一直是AFG董事会的重要成员[5] Carl H. Lindner III和S. Craig Lindner欢迎Roger加入董事会 - Carl H. Lindner III和S. Craig Lindner欢迎Roger加入董事会[6] - AFG是一家总部位于辛辛那提的保险控股公司[6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____ to ____ Commission File No. 1-13653 AMERICAN FINANCIAL GROUP, INC. Incorporated under the Laws of Ohio IRS Employer I.D. No. 31-1544320 301 East Fourth Street, Cincinnat ...

CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) announced today that Carl H. Lindner III and S. Craig Lindner, Co-Chief Executive Officers and Brian S. Hertzman, Senior Vice President and Chief Financial Officer, will participate in the 2024 Association of Insurance and Financial Analysts (AIFA) Conference on Tuesday, March 5, 2024. While there will be no Company presentation, AFG will host several investor meetings. The investor material to be used in the meetings will be posted vi ...

财务数据和关键指标变化 - 2023年全年核心净营业收益为每股10.56美元,核心营业ROE为19.8% [12] - 2023年第四季度核心净营业收益为每股2.84美元,年化核心ROE为20.9% [13] - 2023年全年P&C净投资收益为7.29亿美元,创历史新高,剔除替代投资影响后同比增长35% [14] - 2023年第四季度P&C净投资收益同比增长约1%,剔除替代投资影响后同比增长19% [14] - 2023年第四季度P&C替代投资收益率约0.8%,去年同期为5.3% [15] - 2023年P&C替代投资收益率为7%,2022年为13.2% [16] - 2023年12月31日P&C固定收益投资组合久期为2.9年 [14] 各条业务线数据和关键指标变化 - 2023年第四季度综合财产和意外伤害保险业务合并比率为87.7%,去年同期为86.6% [20] - 2023年第四季度财产和运输业务合并比率为90.3%,去年同期为90% [23] - 2023年第四季度特种责任保险业务合并比率为84.6%,去年同期为81.3% [24] - 2023年第四季度特种金融业务合并比率为81.3%,去年同期为83.1% [25] - 2023年全年综合财产和意外伤害保险业务合并比率为90.3% [20] - 2023年第四季度综合财产和意外伤害保险毛/净承保保费同比增长8% [21] - 2023年全年综合财产和意外伤害保险毛/净承保保费同比增长7%/8% [21] 各个市场数据和关键指标变化 - 2023年第四季度综合财产和意外伤害保险业务不含工伤赔付的平均续保价格上涨约7%,包括工伤赔付则上涨约6% [21] - 2023年全年综合财产和意外伤害保险业务不含工伤赔付的平均续保价格上涨约6% [21] - 公司正在关注财产相关业务的被保险价值,确保保费能反映通胀因素 [22] 公司战略和发展方向及行业竞争 - 公司专注于创造长期股东价值,通过产生强劲的权益回报来增长每股账面价值 [26] - 公司决定从2024年开始不再提供核心每股收益指引或其他指引指标,而是提供2024年业务计划的关键假设 [26] - 2024年业务计划假设包括净承保保费增长8%、合并比率约90.3%、再投资收益率约5.5%、替代投资组合收益约6% [26] - 公司认为其披露已足够详细清晰,未来将更多关注推动长期股东价值的因素 [26] - 公司看好长期多户家庭住房投资的前景,但短期内受新增供给和租金率趋平的影响 [15][16] - 公司在商业车险等领域连续11年实施价格上调,以应对损失率上升 [23] 管理层对经营环境和未来前景的评论 - 公司专注于创造长期股东价值,通过产生强劲的权益回报来增长每股账面价值 [26][27] - 公司对2024年的业务计划充满信心,预计将产生约11美元的核心每股收益,权益回报约20% [26] - 公司看好长期多户家庭住房投资的前景,但短期内受新增供给和租金率趋平的影响 [15][16] - 公司在商业车险等领域连续多年实施价格上调,以应对损失率上升 [23] 问答环节重要的提问和回答 问题1 **Charlie Lederer 提问** 询问2023年非工伤赔付责任准备金的开发情况 [30][31][32][33][34][35] **Brian Hertzman 回答** 2023年全年责任准备金开发主要来自社会通胀敞口业务,第四季度也有个别大损失事件,但整体业务合并比率和权益回报仍然很强 [31][32][33][34][35] 问题2 **Paul Newsome 提问** 询问公司对资本配置的看法,是否更倾向于特殊股息而非股票回购 [42][43][44] **Carl Lindner 回答** 公司每年会根据具体情况采取不同的资本配置策略,包括股票回购、特殊股息和增加年度股息,目标是为股东创造最大价值 [43][44] 问题3 **Michael Zaremski 提问** 询问2024年合并比率指引是否考虑了2023年的一些特殊因素 [46][47][48][49] **Carl Lindner 和 Craig Lindner 回答** 2024年合并比率指引与2023年水平相当,主要考虑了替代投资收益率下降的影响,剔除这一因素后2024年的权益回报水平应该与2023年相当 [47][48][49]

Review of Fourth Quarter and Full Year 2023 February 7, 2024 Forward Looking Statements Certain statements made during this call, as well as included in this document, are not historical facts and may be considered "forwardlooking statements" and are based on estimates, assumptions and projections which management believes are reasonable, but by their nature subject to risks and uncertainties. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. The rea ...

American Financial Group, Inc. (AFG) reported fourth-quarter 2023 net operating earnings per share of $2.84, which beat the Zacks Consensus Estimate by 1.1%. The bottom line, however, decreased 5% year over year.Results reflected higher premiums and increased average renewal pricing across the Property and Casualty (P&C) group. However, these were offset by higher expenses and lower net investment income.Behind the Headlines  Total revenues of $1.9 billion increased 1.6% year over year in the quarter. The g ...