American Financial: 2Q Earnings Snapshot
CINCINNATI (AP) _ American Financial Group Inc. (AFG) on Wednesday reported second-quarter profit of $210 million.
On a per-share basis, the Cincinnati-based company said it had net income of $2.31. Earnings, adjusted for non-recurring gains, were $2.04 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.
The property and casualty insurer posted revenue of $1.83 billion in the period. Its adjusted revenue was $1.74 billion.
American Financial expects full-year earnings in the range of $8.10 to $8.60 per share.
American Financial shares have risen almost 4 percent since the beginning of the year. The stock has increased 11 percent in the last 12 months.