American Financial: Q1 Earnings Snapshot
American Financial Group Inc. (AFG) on Tuesday reported first-quarter net income of $212 million. On a per-share basis, the Cincinnati-based company said it had profit of $2.49. Earnings, adjusted for non-recurring costs, came to $2.89 per share. The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.88 per share
By AP News
Published - May 02, 2023, 05:15 PM ET
Last Updated - May 06, 2024, 12:07 PM EDT
CINCINNATI (AP) — CINCINNATI (AP) — American Financial Group Inc. (AFG) on Tuesday reported first-quarter net income of $212 million.
On a per-share basis, the Cincinnati-based company said it had profit of $2.49. Earnings, adjusted for non-recurring costs, came to $2.89 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.88 per share.
The property and casualty insurer posted revenue of $1.74 billion in the period. Its adjusted revenue was $1.79 billion.
