American Financial Group, Inc. Announces Fourth Quarter and Full Year Results
CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) today reported 2020 fourth quarter net earnings attributable to shareholders of $692 million ($7.93 per share) compared to $211 million ($2.31 per share) for the 2019 fourth quarter. Net earnings for the 2020 fourth quarter include after-tax non-core items aggregating $423 million ($4.84 per share), comprised of $468 million ($5.36 per share) in realized gains, the majority of which pertain to the transfer of investments associated with AFG’s annuity block reinsurance transaction (announced previously), which were partially offset by $38 million ($0.44 per share loss) in after-tax annuity non-core losses and $7
