In the closing quarter of 2024, American Financial Group (AFG) demonstrated robust financial performance and strategic growth initiatives. The company's core operating earnings before income taxes rose to $330 million in the fourth quarter of 2024 from $304 million in the same period in 2023. This increase reflects improved returns on alternative investments and higher net investment income, despite a slight decline in underwriting profit. AFG's ability to manage its capital effectively has been instrumental in driving long-term shareholder value.

The full-year results for 2024 were equally impressive. AFG reported a core operating return on equity exceeding 19%, with net written premiums growing by 7%. The company's book value per share, excluding accumulated other comprehensive income, stood at $56.03 as of December 31, 2024, marking a significant 19.6% growth over the year. Additionally, AFG returned substantial capital to shareholders through regular and special dividends, totaling $4.80 per share in the fourth quarter alone. This underscores the company's commitment to rewarding its investors while maintaining a strong financial foundation.

Looking ahead, AFG remains optimistic about its future prospects. The company is well-positioned to capitalize on new business opportunities and favorable pricing environments across its diverse portfolio of specialty property and casualty insurance operations. With continued focus on disciplined underwriting and strategic investments, AFG aims to achieve sustainable growth and maintain its leadership in specialized commercial insurance products. The resilience and adaptability demonstrated by AFG's talented team of professionals are key drivers of this success, ensuring the company can navigate challenges and seize opportunities in an ever-evolving market landscape.