American Monetary Group (NYSE:AFG) Full 12 months 2023 Outcomes
Key Monetary Outcomes
Income: US$7.45b (up 9.4% from FY 2022).
Web earnings: US$852.0m (down 5.1% from FY 2022).
Revenue margin: 11% (down from 13% in FY 2022). The lower in margin was pushed by increased bills.
EPS: US$10.06 (down from US$10.55 in FY 2022).
earnings-and-revenue-growth
NYSE:AFG Earnings and Income Development February twenty sixth 2024
All figures proven within the chart above are for the trailing 12 month (TTM) interval

American Monetary Group EPS Beats Expectations
Income was according to analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%.

Wanting forward, income is forecast to remain flat in the course of the subsequent 3 years in comparison with a 5.8% progress forecast for the Insurance coverage business within the US.

Efficiency of the American Insurance coverage business.

The corporate’s shares are up 2.2% from every week in the past.

Threat Evaluation
It is nonetheless mandatory to think about the ever-present spectre of funding danger. We have recognized 2 warning indicators with American Monetary Group, and understanding them needs to be a part of your funding course of.

Valuation is advanced, however we’re serving to make it easy.
Discover out whether or not American Monetary Group is doubtlessly over or undervalued by trying out our complete evaluation, which incorporates truthful worth estimates, dangers and warnings, dividends, insider transactions and monetary well being.

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