American Financial (AFG) Q4 Earnings, Revenues Top Estimates

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 ...