American Financial Group Reports Fourth Quarter and Full-Year 2024 Financial Results

American Financial Group (NYSE: AFG) has disclosed its financial performance for the fourth quarter of 2024 and the year ending December 31, 2024. The results were shared through a press release on February 4, 2025, which also included access to an Investor Supplement available on the company’s website.

The press release highlighted key figures such as net earnings for the quarter at $255 million and core net operating earnings of $262 million. Total assets were reported at $30.85 billion, with shareholders’ equity, excluding AOCI, at $4.706 billion.

In the Property and Casualty Insurance segment, underwriting profit was $202 million for the quarter, seeing a strong performance across various subcategories. Specialty Casualty had underwriting profit of $82 million, Specialty Financial reported $54 million, while certain other Specialty categories saw a combined underwriting profitability.

The company’s diluted earnings per share were $3.03 for the quarter, with core net operating earnings per share at $3.12. The book value per share, excluding AOCI, stood at $56.03.

The detailed breakdown of financial results encompassed different segments like Property and Transportation, Specialty Casualty, Specialty Financial, and others. These segments exhibited varying underwriting profits and combined ratios, reflecting the diversity within the company’s operations.

This information has been shared as part of the company’s 8-K filing with the Securities and Exchange Commission and provides a comprehensive overview of American Financial Group’s financial health and performance in the specified period.

It’s important to note that the data presented is based on GAAP standards and sheds light on the company’s operating performance and financial standing.

American Financial Group continues to demonstrate a resilient financial position amid evolving market conditions and industry challenges, as evidenced by its recent financial disclosures.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read American Financial Group’s 8K filing here.

American Financial Group Company Profile

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers’ compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.