The earnings call presented a mixed picture. AFG demonstrated strong shareholder returns and strategic capital management, alongside successful asset sales. However, these were offset by decreased earnings, elevated catastrophe losses, and challenges in investment returns and underwriting. The company's ability to navigate economic and insurance cycles remains a strength.

Company Guidance -

Q2 2025

During the American Financial Group's 2025 first-quarter earnings call, key metrics were highlighted to provide guidance amidst a challenging economic environment. The company reported core net operating earnings of $1.81 per share, reflecting a year-over-year decrease due to lower underwriting profit and returns in their alternative investment portfolio. AFG's investment portfolio, valued at $16 billion, saw a 6% increase in net investment income, excluding alternative investments, primarily due to higher interest rates. However, property and casualty net investment income, including alternative investments, was down by approximately 17% compared to the previous year. Catastrophe losses added 4.5 points to the combined ratio, compared to 2.3 points in the same quarter last year, primarily due to California wildfires. The company's specialty property and casualty businesses reported a combined ratio of 94, up from 90.1 in 2024, with a 2% drop in gross written premiums and a 1% decrease in net written premiums year-over-year. Despite these challenges, average renewal pricing in the P&C group increased by approximately 7%, and the company returned over $290 million to shareholders, including share repurchases and dividend payments. Additionally, AFG expects to recognize an after-tax gain of approximately $100 million ($1.20 per share) from the sale of Charleston Harbor Resort & Marina, scheduled to close in the third quarter of 2025. The company maintains a focus on disciplined underwriting and capital management, projecting continued opportunities for growth and value creation throughout 2025.

Shareholder Returns

AFG returned over $290 million to shareholders during Q1 2025 through a combination of regular dividends, special dividends, and share repurchases.

Investment Portfolio Performance

AFG's net investment income from its property and casualty operations increased by 6% year-over-year due to higher interest rates and balances of invested assets.

Capital Deployment Opportunities

The company expects to generate significant excess capital throughout 2025, allowing for acquisitions, special dividends, or share repurchases.

Sale of Charleston Harbor Resort & Marina

AFG announced agreements to sell Charleston Harbor Resort & Marina, expecting to recognize an after-tax core operating gain of approximately $100 million or $1.20 per share.

Specialty Casualty Group Achievements

The Specialty Financial Group achieved an 87 combined ratio for Q1 2025, only 0.4 points higher than the 2024 period, demonstrating excellent underwriting margins.

American Financial Group (AFG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AFG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 05, 2025	2025 (Q2)	2.08 / -	2.56	―	―	―
May 06, 2025	2025 (Q1)	2.03 / 1.81	2.76	-34.42% (-0.95)
Feb 04, 2025	2024 (Q4)	3.10 / 3.12	2.84	9.86% (+0.28)
Nov 05, 2024	2024 (Q3)	2.47 / 2.31	2.45	-5.71% (-0.14)
Aug 06, 2024	2024 (Q2)	2.47 / 2.56	2.38	7.56% (+0.18)
May 01, 2024	2024 (Q1)	2.70 / 2.76	2.89	-4.50% (-0.13)
Feb 06, 2024	2023 (Q4)	2.90 / 2.84	2.99	-5.02% (-0.15)
Nov 01, 2023	2023 (Q3)	2.47 / 2.45	2.24	9.37% (+0.21)
Aug 02, 2023	2023 (Q2)	2.78 / 2.38	2.85	-16.49% (-0.47)
May 02, 2023	2023 (Q1)	2.92 / 2.89	3.56	-18.82% (-0.67)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AFG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 06, 2025	$129.16	$121.23	-6.14%
Feb 04, 2025	$132.22	$123.98	-6.23%
Nov 05, 2024	$119.66	$125.63	+4.99%
Aug 06, 2024	$116.06	$115.25	-0.70%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does American Financial Group (AFG) report earnings?

American Financial Group (AFG) is schdueled to report earning on Aug 05, 2025, After Close (Confirmed).

What is American Financial Group (AFG) earnings time?

American Financial Group (AFG) earnings time is at Aug 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is AFG EPS forecast?

AFG EPS forecast for the fiscal quarter 2025 (Q2) is 2.08.

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