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American Overseas Group reported a consolidated net income of $5.3 million for the year ended December 31, 2023, with an earnings per diluted share of $113.56, compared to a net loss in the previous year. The book value per weighted share also increased. Net earned property and casualty premiums saw significant increases for both the quarter and the year, along with fee income and gross written premiums. Operating expenses slightly rose, and the Company aims to reduce debt through capital management.
