American Financial Group Inc. (AFG) Wednesday reported first-quarter profit of $120 million or $1.32 per share, up from $113 million or $1.14 per share in the year-earlier quarter.
Core operating earnings for the quarter totaled $84 million or $0.92 per share. On average, six analysts polled by Thomson Reuters expected the company to earn $0.83 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues improved to $1.15 billion from $1.09 billion last year.
P&C insurance net earned premiums improved to $687 million from $603 million last year. Analysts expected revenues of $713.0 million.
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