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AI Earnings Predictions for American Financial Group Inc. (AFG)

Machine learning predictions based on historical earnings data and price patterns

Latest Prediction

SELL

1-Day Prediction

-0.27%

$152.57

0% positive prob.

5-Day Prediction

-1.12%

$151.27

0% positive prob.

20-Day Prediction

+0.34%

$153.50

0% positive prob.

Price at prediction: $152.98 Confidence: 100.0% Model AUC: 1.0000 Quarter: Q3 2026

Historical Earnings Predictions

Quarter Signal 1D Return 5D Return 20D Return Confidence Actual 5D
Q3 2026 SELL -0.27% -1.12% +0.34% 100.0% Pending
Q2 2026 BUY +1.14% +3.29% +3.24% 100.0% -1.34%

Earnings Transcripts

SEC 8-K filings with transcript text

View All
2026
Q3

Q3 2026 Earnings

8-K SELL

Nov 4, 2026 · 100% conf.

AI Prediction SELL

1D

-0.27%

$152.57

5D

-1.12%

$151.27

20D

+0.34%

$153.50

Price: $152.98 Prob +5D: 0% AUC: 1.000
0001193125-26-446243

EX-99.1

2 d190021dex991.htm

EX-99.1

EX-99.1

Exhibit 99.1

American Financial Group, Inc. Announces Third Quarter Results and Declares Special Dividend

•

Net earnings per share of $3.40 compared to $2.58 in the prior year third quarter

•

Record third quarter core net operating earnings of $3.97 per share, a 48% increase from the prior year period

•

Record third quarter pretax P&C operating income of $406 million

•

Third quarter growth in net written premiums of 9%

•

Third quarter annualized ROE of 22.3%; annualized core operating ROE of 26.0%

•

Overall average renewal rate increase, excluding workers’ compensation, of approximately 6%

•

Board of Directors declares $3.50 per share special dividend, payable November 25, 2026

CINCINNATI – November 3, 2026 – American Financial Group, Inc. (NYSE: AFG) today reported 2026 third quarter net

earnings of $282 million ($3.40 per share) compared to $215 million ($2.58 per share) in the 2025 third quarter. Net earnings included net after-tax non-core items that reduced net income by $47 million ($0.57 per share loss) and $9 million ($0.11 per share loss) in the 2026 and 2025 third quarters, respectively. Annualized return on equity was 22.3% and 18.2% for the third quarters of 2026 and 2025, respectively, and is calculated excluding accumulated other comprehensive income (AOCI). Other details may be found in the table on the following page.

Core net operating earnings were $329 million ($3.97 per share) for the 2026 third quarter, compared to $224 million ($2.69 per share) in the 2025 third quarter, reflecting higher year-over-year net investment income. Additional details for the 2026 and 2025 third quarters may be found in the table below. Core net operating earnings for the third quarters of 2026 and 2025 generated annualized returns on equity of 26.0% and 19.0%, respectively, which is calculated excluding AOCI.

Three months ended September 30,

Components of Pretax Core Operating Earnings

2026

2025

2026

2025

2026

2025

In millions, except per share amounts

Before Impact of Alternative Investments

Alternative Investments

Core Net Operating Earnings, as reported

P&C Pretax Core Operating Earnings

$ 358

$ 285

$ 48

$ 43

$ 406

$ 328

Parent investment income - sale of Charleston Harbor

63

—

—

—

63

—

Other expenses

(28 )

(29 )

—

—

(28 )

(29 )

Holding company interest expense

(23 )

(19 )

—

—

(23 )

(19 )

Pretax Core Operating Earnings

370

237

48

43

418

280

Related provision for income taxes

79

47

10

9

89

56

Core Net Operating Earnings

$ 291

$ 190

$ 38

$ 34

$ 329

$ 224

Core Operating Earnings Per Share

$ 3.52

$ 2.28

$ 0.45

$ 0.41

$ 3.97

$ 2.69

Weighted Avg Diluted Shares Outstanding

82.9

83.4

82.9

83.4

82.9

83.4

AFG’s book value per share was $57.12 at September 30, 2026. AFG repurchased $26 million of its Common Stock (average price of $138.31 per share) and paid cash dividends of $0.88 per share during the third quarter. For the three and nine months ended September 30, 2026, AFG’s change in book value per share plus dividends was (0.2%) and 6.0%, respectively, reflecting the impact of rising interest rates on AOCI.

Page 1

Book value per share excluding AOCI was $62.29 at September 30, 2026. For the three and nine months ended September 30, 2026, AFG’s growth in book value per share excluding AOCI plus dividends was 5.5% and 13.8%, respectively.

AFG’s net earnings, determined in accordance with U.S. generally accepted accounting principles (GAAP), include certain items that may not be indicative of its ongoing core operations. The table below identifies such items and reconciles net earnings to core net operating earnings, a non-GAAP financial measure. 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. AFG’s management uses core net operating earnings to evaluate financial performance against historical results because it believes this provides a more comparable measure of its continuing business. Core net operating earnings is also used by AFG’s management as a basis for strategic planning and forecasting.

In millions, except per share amounts

Three months ended September 30,

Nine months ended September 30,

2026

2025

2026

2025

Components of net earnings:

Core operating earnings before income taxes

$ 418

$ 280

$ 975

$ 701

Pretax non-core items:

Realized gains (losses)

(35 )

13

(37 )

18

Special A&E charges

(24 )

(25 )

(24 )

(25 )

Earnings before income taxes

359

268

914

694

Provision for income taxes:

Core operating earnings

89

56

206

146

Non-core items

(12 )

(3 )

(13 )

5

Total provision for income taxes

77

53

193

151

Net earnings

$ 282

$ 215

$ 721

$ 543

2026
Q2

Q2 2026 Earnings

8-K BUY

Aug 5, 2026 · 100% conf.

AI Prediction BUY

1D

+1.14%

$148.41

Act: +0.00%

5D

+3.29%

$151.55

Act: -1.34%

20D

+3.24%

$151.49

Price: $146.73 Prob +5D: 100% AUC: 1.000
0001193125-26-333957

Transcript text not available. View on SEC.gov →

2026
Q1

Q1 2026 Earnings

8-K

Apr 30, 2026

0001193125-26-193922

Transcript text not available. View on SEC.gov →

About American Financial Group Inc. (AFG) Earnings

This page provides American Financial Group Inc. (AFG) earnings call transcripts from SEC 8-K filings along with AI-powered predictions for post-earnings price movements. Our machine learning models analyze historical earnings data, pre-earnings price patterns, volume changes, and volatility to predict 1-day, 5-day, and 20-day returns after each earnings release.

Earnings transcripts are sourced directly from SEC EDGAR filings. Predictions are generated using gradient boosting models trained on AFG's historical earnings reactions. All predicted returns are shown as percentages, and predicted prices are calculated from the closing price at the time of prediction. Past performance does not guarantee future results.

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