CINCINNATI (AP) 鈥� CINCINNATI (AP) 鈥� American Financial Group Inc. (AFG) on Tuesday reported second-quarter net income of $248 million.
The Cincinnati-based company said it had profit of $2.99 per share. Earnings, adjusted for non-recurring gains, came to $2.82 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.41 per share.
The property and casualty insurer posted revenue of $2.03 billion in the period. Its adjusted revenue was $1.94 billion.
American Financial shares have climbed almost 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $140.60, a climb of 14% in the last 12 months.
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