American Financial Group reported second-quarter earnings per share of $2.82, surpassing the Zacks Consensus Estimate of $2.41 by 17.01 percent. Revenue reached $1.94 billion, up 4.6 percent from a year ago and slightly above the $1.93 billion consensus. The property and casualty combined ratio for the specialty segment came in at 91.5 percent, better than the 92.9 percent analysts had expected. Net investment income rose 20.1 percent to $221 million, exceeding the $197.85 million estimate, while net earned premiums of $1.69 billion fell short of the $1.75 billion forecast.
American Financial Group, Inc.Q2 EPS of $2.82 beat estimates by 17%, with revenue and combined ratio also better than expected.
