American Financial: Q2 Earnings Snapshot
By AP News
Published - Aug 06, 2024, 05:48 PM ET
Last Updated - Aug 06, 2024, 05:48 PM EDT
CINCINNATI (AP) — CINCINNATI (AP) — American Financial Group Inc. (AFG) on Tuesday reported second-quarter profit of $209 million.
The Cincinnati-based company said it had profit of $2.49 per share. Earnings, adjusted for non-recurring costs, were $2.56 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.53 per share.
The property and casualty insurer posted revenue of $1.9 billion in the period. Its adjusted revenue was $1.8 billion, missing Street forecasts. Four analysts surveyed by Zacks expected $2.02 billion.
