AFG Q4 2022 Earnings Report
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
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