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Last $63.68 USD
Change Today +0.13 / 0.20%
Volume 257.6K
AFG On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

american financial group inc (AFG) Key Developments

American Financial Group, Inc. Names John S. Fronduti as Assistant Vice President

American Financial Group Inc. named John S. Fronduti as Assistant Vice President. Prior to joining the company, Mr. Fronduti was a partner with Keating, Muething and Klekamp.

American Financial Group Inc. Announces Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year of 2015

American Financial Group Inc. announced earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net investment income of $388 million against $361 million a year ago. Total revenues were $1,294 million against $1,211 million a year ago. Earnings before income taxes were $30 million against $161 million a year ago. Net earnings attributable to shareholders were $19 million or $0.21 diluted per share against $103 million or $1.13 diluted per share a year ago. Book value per share excluding appropriated retained earnings was $56.01 against $55.65 a year ago. Book value per share excluding appropriated retained earnings and unrealized gains/losses on fixed maturities was $48.55 against $48.76 a year ago. Core operating earnings before income taxes was $167 million against $138 million a year ago. Core net operating earnings were $112 million against $91 million a year ago. Core net operating earnings per share in the quarter were $1.25, up 25% from a year ago. The $1.25 is based on core net operating earnings in the quarter of $112 million, which is an increase of $21 million year-over-year. Annualized core operating return on equity was 10.8% for the 2015 first quarter compared to 9.1% for the first quarter of 2014. Adjusted book value per share was $48.55 at March 31, 2015 The company expect premiums for the full year of 2015 to be 5% to 10% lower than the $3.7 billion reported in 2014, which is a change from the initial guidance the company shared in February when the company estimated the premiums would be flat to down slightly. The company is maintaining all other points of Annuity earnings guidance, including expectation that core pretax Annuity operating earnings will be in the range of $310 million to $340 million compared to the $328 million reported for the full year of 2014. The company is maintaining 2015 core operating earnings guidance for AFG in the range of $5.10 to $5.50 per share.

American Financial Mulls Acquisitions

American Financial Group Inc. (NYSE:AFG) is looking for acquisitions. American Financial Group Inc. stated, "Our excess capital will be deployed into AFG's core businesses as we identify potential for healthy, profitable organic growth, and opportunities to expand our specialty niche businesses through acquisitions and start-ups that meet our target return thresholds."

American Financial Group Inc.(NYSE:AFA) dropped from S&P Preferred Stock Index

American Financial Group Inc.(NYSE:AFA) dropped from S&P Preferred Stock Index

American Financial Group Inc. to Report Q1, 2015 Results on Apr 27, 2015

American Financial Group Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Apr 27, 2015

 

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Industry Analysis

AFG

Industry Average

Valuation AFG Industry Range
Price/Earnings 15.6x
Price/Sales 1.0x
Price/Book 1.1x
Price/Cash Flow 15.2x
TEV/Sales 0.4x
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