American Financial: Q1 Earnings Snapshot
CINCINNATI (AP) _ American Financial Group Inc. (AFG) on Tuesday reported first-quarter net income of $419 million, after reporting a loss in the same period a year earlier.
The Cincinnati-based company said it had profit of $4.84 per share. Earnings, adjusted to account for discontinued operations and investment gains, were $2.38 per share.
The property and casualty insurer posted revenue of $1.51 billion in the period. Its adjusted revenue was $1.38 billion.
American Financial expects full-year earnings in the range of $7 to $8 per share.
American Financial shares have risen 42% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $124.43, more than doubling in the last 12 months.