Strong Core Operating Return on Equity
AFG produced an annual core operating return on equity in excess of 19% in 2024, with core net operating earnings of $10.75 per share and a return on equity of 19.3%.
Significant Shareholder Returns
AFG returned $791 million to shareholders in 2024, including $545 million in special dividends and $246 million in regular dividends. The quarterly dividend increased by 12.7% to an annual rate of $3.20 per share.
Record Net Investment Income
Property & Casualty net investment income reached $784 million, approximately 8% higher than 2023, setting a new record for AFG.
Specialty Financial Group Combined Ratio
The Specialty Financial group achieved an excellent combined ratio of 80.7% for the fourth quarter of 2024.