American Financial Group (AFG) has announced its fourth-quarter earnings, showing a decline compared to the previous year, yet surpassing Wall Street expectations.
The company's net income was recorded at $255 million, translating to $3.03 per share, slightly down from $263 million or $3.13 per share reported in the same period last year. When excluding certain items, AFG posted adjusted earnings of $262 million, or $3.12 per share.
Analysts had anticipated earnings of $3.01 per share, typically excluding special items in their forecasts.
In terms of revenue, the company experienced a 3.2% increase, reaching $2.149 billion, up from $2.083 billion the previous year.
Summary of American Financial Group's financial performance (GAAP):
- Earnings: $255 million compared to $263 million last year.
- Earnings Per Share (EPS): $3.03 vs. $3.13 last year.
- Revenue: $2.149 billion compared to $2.083 billion last year.
