AFG Q1 operating earnings up 65% on specialty P&C UW profit and investment income

American Financial Group Q1 earnings

American Financial Group (AFG) has reported first quarter operating earnings that soared by 65 percent and which on a per share basis comfortably beat analysts’ consensus, the result of “substantially higher” specialty P&C underwriting profit, “significantly higher” investment income and favourable prior year development that exceeded catastrophe losses.

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