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Dec 31, 2022
AFG Q4 2022 Earnings Report
AFG reported net earnings of $276 million, or $3.24 per share, and core net operating earnings of $255 million, or $2.99 per share, for Q4 2022. The company's specialty P&C businesses had a strong quarter, with record full-year underwriting profit and pretax P&C core operating earnings.
Key Takeaways
American Financial Group (AFG) reported a decrease in both net earnings and core net operating earnings for the fourth quarter of 2022 compared to the same period in 2021. However, the company achieved record full-year underwriting profit and pretax P&C core operating earnings in its specialty P&C businesses. AFG's board declared a special cash dividend of $4.00 per share.
Net earnings per share were $3.24 in the fourth quarter.
Core net operating earnings per share were $2.99 in the fourth quarter.
Full year 2022 core operating ROE was 21.2%.
A special cash dividend of $4.00 per share was declared, payable February 28, 2023.
AFG
AFG
AFG Revenue by Segment
Revenue by Segment
Net 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.com Forward Guidance
AFG has established its initial guidance for 2023 core net operating earnings in the range of $11.00 to $12.00 per share, which would produce a core return on equity of over 20% at the midpoint.
Revenue & Expenses
Visualization of income flow from segment revenue to net income