American Financial Group, Inc. Updates Its 2020 Core Net Operating Earnings Guidance Before Earnings or Losses from Marked-to-Market Investments and Announces Details Regarding Its 2020 Fi...
American Financial Group, Inc. (AFG)
Last american financial group, inc. earnings: 2/3 05:01 pm
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US:NYSE Investor Relations:
afginc.com/investors
Company Research
Source: Business Wire
CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) announced today revised earnings guidance for 2020.As previously indicated, AFG’s original core net operating earnings guidance of $8.75 to $9.25 per share assumed a 10% annualized return on the Company’s $2.2 billion of investments that are marked to market through core operating earnings (“MTM investments”). This return assumption was consistent with the returns earned in 2018 and 2019 and with our long-term expectations for these investments.Since providing 2020 guidance, the COVID-19 pandemic has had widespread financial and economic impacts, including a significant decrease in both equity and credit markets. As a result, the Company now believes the return on MTM investments in 2020 will be significantly lower than its previous expectations and returns in the second quarter of 2020 could be negative. Because the majority of AFG’s investments impacted by mark-to-market accounting are limited partnerships a
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AFG
Earnings
- 2/6/24 - Beat
AFG
Sec Filings
- 4/29/24 - Form 4
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- AFG's page on the SEC website