American Financial: 2Q Earnings Snapshot
CINCINNATI (AP) _ American Financial Group Inc. (AFG) on Tuesday reported second-quarter earnings of $210 million.
The Cincinnati-based company said it had profit of $2.31 per share. Earnings, adjusted for non-recurring gains, came to $2.12 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.
The property and casualty insurer posted revenue of $1.96 billion in the period. Its adjusted revenue was $1.84 billion.
American Financial expects full-year earnings in the range of $8.40 to $8.80 per share.
American Financial shares have risen 11% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $100.11, a decline of 11% in the last 12 months.