- American Financial press release ( NYSE: AFG ): Q3 GAAP EPS of $1.93 beats by $0.27 .
- Revenue of $1.98B (+13.1% Y/Y) beats by $470M .
- Core net operating earnings $2.24 per share, includes $0.36 per share of after-tax catastrophe losses
- Specialty P&C combined ratio of 91.1% includes 2.5 points of catastrophe losses
- Third quarter annualized ROE of 14.7%; annualized core operating ROE of 17.1%
- Parent company cash and investments of approximately $760 million; excess capital of $1.3 billion at September 30, 2022
- Announces special cash dividend of $2.00 per share, payable November 22, 2022
- Full year 2022 core net operating earnings guidance in the range of $11.00 - $11.75 per share, narrowed from previous guidance range of $10.75 - $11.75 per share
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American Financial GAAP EPS of $1.93 beats by $0.27, revenue of $1.98B beats by $470M