How much did American Financial Group (AFG) earn in 2023?

CINCINNATI-- ( BUSINESS WIRE )--American Financial Group, Inc. (NYSE: AFG) today reported 2023 second quarter net earnings of $200 million ($2.34 per share) compared to $167 million ($1.96 per share) for the 2022 second quarter.

What was AFG's fourth quarter earnings?

Core net operating earnings were $238 million ( $2.84 per share) for the 2023 fourth quarter, compared to $255 million ( $2.99 per share) in the 2022 fourth quarter. The year-over-year decrease reflects lower returns in AFG’s alternative investment portfolio. Additional details for the 2023 and 2022 fourth quarters may be found in the table below.

What is AFG's core net operating earnings?

AFG believes that its core net operating earnings provides management, financial analysts, ratings agencies, and investors with an understanding of the results from the ongoing operations of the Company by excluding the impact of net realized gains and losses and other items that are not necessarily indicative of operating trends.