AP NEWS
ADVERTISEMENT
Related topics

American Financial: Q1 Earnings Snapshot

May 4, 2021 GMT

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.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AFG at https://www.zacks.com/ap/AFG