For the quarter ended September 2024, American Monetary Group (AFG) reported income of $2.28 billion, up 10.4% over the identical interval final 12 months. EPS got here in at $2.31, in comparison with $2.45 within the year-ago quarter.
The reported income represents a shock of +10.69% over the Zacks Consensus Estimate of $2.06 billion. With the consensus EPS estimate being $2.51, the EPS shock was -7.97%.
Whereas buyers scrutinize income and earnings modifications year-over-year and the way they examine with Wall Road expectations to find out their subsequent transfer, some key metrics all the time supply a extra correct image of an organization’s monetary well being.
Since these metrics play a vital function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher mission a inventory’s worth efficiency.
Right here is how American Monetary carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Property and Casualty – Loss and LAE Ratio: 69.6% versus 65% estimated by 4 analysts on common.
- Property and Transportation – Underwriting Expense Ratio: 17.2% in comparison with the 18.4% common estimate based mostly on 4 analysts.
- Property and Transportation – Loss and LAE Ratio: 79.3% versus 76.4% estimated by 4 analysts on common.
- Property and Casualty – Mixed Ratio – Specialty: 94.3% in comparison with the 91.6% common estimate based mostly on 4 analysts.
- Property and Transportation – Mixed Ratio: 96.5% in comparison with the 94.8% common estimate based mostly on 4 analysts.
- Revenues- P&C insurance coverage web earned premiums: $2.06 billion versus the five-analyst common estimate of $1.82 billion. The reported quantity represents a year-over-year change of +10.8%.
- Revenues- Internet funding revenue: $200 million versus the five-analyst common estimate of $182.94 million. The reported quantity represents a year-over-year change of +19.1%.
- Specialty Casualty- Internet earned premium: $744 million versus the three-analyst common estimate of $769.97 million. The reported quantity represents a year-over-year change of +1.4%.
- Property and Transportation- Internet earned premium: $981 million versus $719.32 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a +18.5% change.
- Specialty Monetary- Internet earned premium: $269 million versus $244.02 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a +16% change.
- Revenues- Different revenue (loss): $26 million versus the two-analyst common estimate of $42.52 million. The reported quantity represents a year-over-year change of -39.5%.
- Different Specialty- Internet earned premium: $61 million versus $63.50 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a 0% change.
View all Key Company Metrics for American Financial here>>>
Shares of American Monetary have returned -6.1% over the previous month versus the Zacks S&P 500 composite’s -0.5% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it may carry out according to the broader market within the close to time period.
Analysis Chief Names “Single Greatest Decide to Double”
From 1000’s of shares, 5 Zacks specialists every have chosen their favourite to skyrocket +100% or extra in months to come back. From these 5, Director of Analysis Sheraz Mian hand-picks one to have essentially the most explosive upside of all.
This firm targets millennial and Gen Z audiences, producing practically $1 billion in income final quarter alone. A current pullback makes now a really perfect time to leap aboard. In fact, all our elite picks aren’t winners however this one may far surpass earlier Zacks’ Shares Set to Double like Nano-X Imaging which shot up +129.6% in little greater than 9 months.
Free: See Our Top Stock And 4 Runners Up
American Financial Group, Inc. (AFG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
