- American Financial’s fourth-quarter core operating EPS is $3.12, exceeding expectations of $3.04 and surpassing last year’s $2.84.
- The company’s book value per share is reported at $53.18, slightly below the estimate of $54.30, but higher than last year’s $50.91.
- Adjusted book value per share stands at $56.03, outperforming the estimate of $53.81 and last year’s $54.54.
- Core operating profit for the quarter increased by 3% year-over-year, totaling $68 million.
- Analyst recommendations include 2 buys, 4 holds, and no sells.
- Company expresses condolences for those affected by the Southern California wildfires.
American Financial Group on Smartkarma
Analytical coverage of American Financial Group on Smartkarma by Baptista Research reveals contrasting perspectives on the company’s recent performances. In the report titled “How American Financial Group‘s Specialty P&C Business is Crushing Challenges & Driving Profits! – Major Drivers,” the analyst highlights AFG’s strong third-quarter 2024 performance, boasting a core operating return on equity of 16%. Despite facing challenges like rising cat losses, the company managed to showcase robust profitability amidst operational complexities.
On the other hand, in the report “American Financial Group: A Bear’s Perspective! – Major Drivers,” Baptista Research presents a mixed view on AFG’s second quarter of 2024. While the company demonstrated strength in certain areas, there were strategic pullbacks noted. AFG reported an 18.5% annualized core operating return on equity, indicating efficient equity utilization for profitability. Notably, the specialty P&C businesses stood out with strong underwriting margins, leading to a significant year-over-year increase in P&C net investment income.
A look at American Financial Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, American Financial Group shows a balanced outlook with ratings of 3 for Value, Dividend, Growth, and Resilience, and a slightly higher score of 4 for Momentum. This suggests that the company is performing steadily across various key factors. American Financial Group, Inc. offers multi-line property and casualty insurance, along with tax-deferred annuities and life and supplemental health insurance products. Operating primarily in the United States, the company seems to be positioned for stable growth and resilience in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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