American Financial (AFG) Q1 Earnings Miss on Higher Expenses
AFGAmerican Financial (AFG) Zacks Investment Research·2024-05-02 23:46

American Financial Group, Inc. (AFG) reported first-quarter 2024 net operating earnings per share of 2.76,whichmissedtheZacksConsensusEstimateby0.32.76, which missed the Zacks Consensus Estimate by 0.3%. The bottom line decreased 4.5% year over year. American Financial’s results reflected a decline in investment income, lower underwriting profit, higher expenses and catastrophe losses, offset by improved net earned premiums. Behind the Headlines Total revenues of 1.8 billion increased 5.1% year over year in the quarter. The growth came on the back of ...