Earnings summaries and quarterly performance for AMERICAN FINANCIAL GROUP.
Executive leadership at AMERICAN FINANCIAL GROUP.
Carl H. Lindner III
Detailed
Co-Chief Executive Officer
CEO
S. Craig Lindner
Detailed
Co-Chief Executive Officer
CEO
BS
Brian S. Hertzman
Detailed
Senior Vice President and Chief Financial Officer
CL
Craig Lindner, Jr.
Detailed
Divisional President, AFG Real Estate Investments
DL
David L. Thompson, Jr.
Detailed
President and Chief Operating Officer, Great American Insurance Group
JB
John B. Berding
Detailed
President
MA
Mark A. Weiss
Detailed
Senior Vice President and General Counsel and Chief Compliance Officer
MA
Michelle A. Gillis
Detailed
Senior Vice President, Chief Human Resources Officer and Chief Administrative Officer
Board of directors at AMERICAN FINANCIAL GROUP.
Research analysts who have asked questions during AMERICAN FINANCIAL GROUP earnings calls.
Andrew Andersen
Jefferies
12 questions for AFG
Also covers: ACGL, AHL, AIG +20 more
Meyer Shields
Keefe, Bruyette & Woods
10 questions for AFG
Also covers: ACGL, AIG, AJG +24 more
Michael Zaremski
BMO Capital Markets
9 questions for AFG
Also covers: ACGL, AIG, AJG +25 more
CG
C. Gregory Peters
Raymond James
5 questions for AFG
Also covers: ACIC, AJG, ALL +19 more
RF
Robert Farnam
Boenning & Scattergood
5 questions for AFG
Also covers: AMSF, EIG, FGF +2 more
DC
Dan Cohen
BMO
2 questions for AFG
GP
Gregory Peters
Raymond James Financial, Inc.
2 questions for AFG
Also covers: AII, AJG, EG +3 more
Hristian Getsov
Wells Fargo
2 questions for AFG
Also covers: ALL, AXS, BWIN +3 more
JL
Jing Li
Keefe, Bruyette & Woods (KBW)
2 questions for AFG
Also covers: AJG, ALL, CINF +2 more
CP
Charles Peters
Raymond James
1 question for AFG
Also covers: ACIC, AJG, ALL +11 more
JP
Jon Paul Newsome
Piper Sandler & Co.
1 question for AFG
Also covers: AIG, AON, BOW +15 more
PN
Paul Newsom
Piper Sandler
1 question for AFG
Also covers: AJG, ALL
PN
Paul Newsome
Piper Sandler Companies
1 question for AFG
Also covers: AHL, AII, ARX +16 more
Recent press releases and 8-K filings for AFG.
American Financial Group, Inc. Announces Q4 2025 Financial Results
AFG
Earnings
Dividends
- American Financial Group, Inc. reported core net operating earnings of $305 million and diluted earnings per share of $3.58 for the fourth quarter of 2025.
- Property and Casualty net written premiums for Q4 2025 totaled $1,444 million.
- The Specialty combined ratio for Q4 2025 was 84.1%, contributing to an underwriting profit of $284 million.
- The company's annualized core operating return on equity for Q4 2025 was 25.2%.
- Dividends per common share for Q4 2025 were $2.88.
3 days ago
American Financial Group Reports Strong Q4 and Full Year 2025 Results, Provides 2026 Outlook
AFG
Earnings
Dividends
Guidance Update
- American Financial Group (AFG) reported Core Net Operating Earnings per share of $3.65 for Q4 2025 and $10.29 for the full year, achieving a core operating return on equity of 18.2% for 2025.
- In 2025, AFG returned over $700 million to shareholders, including $334 million in special dividends, $274 million in regular common stock dividends, and $99 million in share repurchases. The company also declared a $1.50 per share special dividend payable in February 2026.
- Underwriting profit in AFG's specialty property and casualty insurance businesses grew 41% in Q4 2025, generating an 84.1% combined ratio.
- For 2026, AFG anticipates Core Net Operating Earnings per share of approximately $11 and a core operating return on equity of approximately 18%, based on assumptions including 3%-5% growth in net written premiums and a combined ratio of approximately 92.5%.
3 days ago
AFG Announces Strong Q4 and Full Year 2025 Results and Provides 2026 Business Plan Assumptions
AFG
Earnings
Dividends
Guidance Update
- AFG reported core net operating earnings per share of $3.65 for Q4 2025 and $10.29 for the full year 2025, generating an annualized Q4 core return on equity of 25.2% and a full year core operating return on equity of 18.2%.
- The company returned over $700 million to shareholders in 2025, comprising $334 million in special dividends, $274 million in regular common stock dividends, and $99 million in share repurchases.
- AFG increased its quarterly dividend by 10% to an annual rate of $3.52 per share starting October 2025 and declared an additional special dividend of $1.50 per share payable in February 2026.
- Property and Casualty (P&C) underwriting profit grew 41% in Q4 2025, achieving an 84.1% combined ratio.
- For 2026, AFG's business plan assumes 3%-5% growth in net written premiums from $7.1 billion, a combined ratio of approximately 92.5%, and projects core net operating earnings per share of approximately $11, generating a core operating return on equity of approximately 18%.
3 days ago
American Financial Group Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Outlook
AFG
Earnings
Dividends
Guidance Update
- American Financial Group (AFG) reported full-year 2025 core net operating earnings of $10.29 per share, generating a core operating return on equity of 18.2%. For Q4 2025, core net operating earnings per share were $3.65, with an annualized core return on equity of 25.2%.
- The company returned over $700 million to shareholders in 2025, including $334 million in special dividends, $274 million in regular common stock dividends, and $99 million in share repurchases. A special dividend of $1.50 per share was declared, payable in February 2026 , and the quarterly dividend was increased by 10% to an annual rate of $3.52 per share starting October 2025.
- Underwriting profits in Q4 2025 set a new quarterly record, achieving an 84.1 combined ratio, a nearly 5-point improvement from the prior year period. P&C net investment income was approximately 12% lower in Q4 2025 compared to the prior year, primarily due to lower returns from alternative investments, which yielded an annualized 0.9% for the quarter.
- For 2026, AFG's business plan assumes core net operating earnings per share of approximately $11, a combined ratio of approximately 92.5%, and net written premiums growth of 3%-5%.
3 days ago
American Financial Group Announces Q4 and Full Year 2025 Results and Declares Special Dividend
AFG
Earnings
Dividends
Guidance Update
- American Financial Group reported Q4 2025 net earnings per share of $3.58 and core net operating earnings per share of $3.65. For the full year 2025, net earnings per share were $10.08 and core net operating earnings per share were $10.29.
- The company's Board of Directors declared a special cash dividend of $1.50 per share, payable on February 25, 2026.
- Total capital returned to shareholders during 2025 was $707 million, which included $334 million ($4.00 per share) in special dividends and $99 million in share repurchases.
- Fourth quarter 2025 underwriting profit increased 41% year-over-year and set a new quarterly record. The full year 2025 core operating return on equity was 18.2%.
- For 2026, the company expects core operating earnings per share of approximately $11.00.
3 days ago
American Financial Group Announces Strong Q4 and Full Year 2025 Results and Declares Special Dividend
AFG
Earnings
Dividends
Guidance Update
- American Financial Group reported Q4 2025 net earnings per share of $3.58 and core net operating earnings per share of $3.65. For the full year 2025, net earnings per share were $10.08 and core net operating earnings per share were $10.29.
- The company achieved a record quarterly underwriting profit in Q4 2025, increasing 41% year-over-year, and reported a full year 2025 core operating ROE of 18.2%.
- AFG returned $707 million to shareholders in 2025, including $334 million ($4.00 per share) in special dividends and $99 million in share repurchases. A new $1.50 per share special dividend was declared, payable February 25, 2026.
- For 2026, the company anticipates core operating earnings per share of approximately $11.00 and a core operating return on equity excluding AOCI of approximately 18%.
3 days ago
AFG Reports Strong Q3 2025 Earnings and Increased Dividends
AFG
Earnings
Dividends
Guidance Update
- American Financial Group reported core net operating earnings of $2.69 per share for Q3 2025, a 16% increase from the prior year, and an annualized core operating return on equity of 19%.
- The company's specialty property and casualty insurance businesses achieved a 93 combined ratio in Q3 2025, an improvement of 1.3 points year over year, with underwriting profit growing 19%.
- Net investment income in property and casualty operations increased 5% year over year for the three months ended September 30, 2025.
- AFG increased its regular quarterly dividend by 10% to $0.88 per share and declared a special dividend of $2 per share, bringing total special dividends since early 2021 to $54 per share or $4.6 billion.
- Overall renewal pricing across the property and casualty group was up approximately 5% in Q3 2025, with full year 2025 premium growth anticipated in below single digits and a projected rebound in 2026.
Nov 5, 2025, 4:30 PM
AFG Reports Strong Q3 2025 Earnings and Declares Special Dividend
AFG
Earnings
Dividends
Debt Issuance
- AFG reported Core Net Operating Earnings of $224 million, or $2.69 per share, and Net Earnings of $215 million, or $2.58 per share, for the third quarter of 2025.
- The P&C Insurance Segment generated operating earnings of $328 million , with Specialty P&C Underwriting Profit reaching $139 million and a combined ratio of 93.0%. Specialty Net Written Premiums totaled $2,252 million for the quarter.
- The company's investment portfolio had a total carrying value of $16.8 billion as of September 30, 2025.
- AFG declared a $2.00 per share special dividend, payable November 26, 2025, in addition to $66 million in regular dividends for the third quarter.
Nov 5, 2025, 4:30 PM
American Financial Group Announces Strong Q3 2025 Results and Special Dividend
AFG
Earnings
Dividends
Guidance Update
- American Financial Group reported core net operating earnings of $2.69 per share for Q3 2025, a 16% increase year-over-year, with an annualized core operating return on equity of 19%.
- The company announced a special dividend of $2 per share payable on November 26, 2025, and increased its regular quarterly dividend by 10% to $0.88 per share.
- Underwriting profit in specialty property and casualty insurance businesses grew 19% in Q3 2025, achieving a 93 combined ratio, an improvement of 1.3 points from the prior year.
- While overall gross written premiums decreased 2% and net written premiums decreased 4% year-over-year, excluding the crop business, gross written premiums grew 3% and net written premiums were flat.
- AFG anticipates 2026 premium growth to rebound and expects to continue generating significant excess capital through 2025 and into 2026.
Nov 5, 2025, 4:30 PM
American Financial Group, Inc. Announces Q3 2025 Financial Results
AFG
Earnings
- American Financial Group, Inc. reported net earnings of $215 million and core net operating earnings of $224 million for Q3 2025.
- Diluted earnings per share were $2.58 and core net operating earnings per share were $2.69 for Q3 2025.
- Property and Casualty net written premiums reached $2,252 million in Q3 2025.
- The Property and Casualty combined ratio was 93.1% for Q3 2025.
- Book value per share, excluding AOCI, stood at $57.59 as of September 30, 2025.
Nov 5, 2025, 4:30 PM
Quarterly earnings call transcripts for AMERICAN FINANCIAL GROUP.
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