AFG Q4 2019 Earnings Report
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
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