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Dec 31, 2019
AFG Q4 2019 Earnings Report
AFG reported strong core operating earnings, driven by its diversified specialty insurance businesses and in-house investment management team.
Key Takeaways
American Financial Group reported Q4 2019 net earnings attributable to shareholders of $211 million ($2.31 per share), compared to a net loss of $29 million ($0.33 per share) for Q4 2018. Core net operating earnings were $203 million ($2.22 per share) for Q4 2019, compared to $159 million ($1.75 per share) in Q4 2018. The company's full year 2020 core net operating earnings guidance is between $8.75 and $9.25 per share.
Q4 net earnings were $2.31 per share, including impacts from Neon exit charges and other non-core items.
Q4 core net operating earnings were $2.22 per share.
Full year 2019 ROE was 17.1%, and core operating ROE was 14.9%.
Full year 2020 core net operating earnings guidance is between $8.75 - $9.25 per share.
AFG
AFG
AFG Revenue by Segment
Revenue by Segment
P&C Insurance Net Earned Premiums Revenue
CapyFin.comNet Investment Income Revenue
CapyFin.comRealized Gains on Securities Revenue
CapyFin.comManaged Investment Entities: Investment Income Revenue
CapyFin.comManaged Investment Entities: Gains on FV Changes of Assets/Liabilities Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
AFG expects core net operating earnings in 2020 to be between $8.75 and $9.25 per share.
Positive Outlook
- Expects core net operating earnings in 2020 to be between $8.75 and $9.25 per share.
- AFG’s core net operating earnings excludes non-core items such as realized gains and losses.
- Excludes annuity non-core earnings and losses.
- Excludes other significant items that are not able to be estimated with reasonable precision.
- Excludes items that may not be indicative of ongoing operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income