CINCINNATI (AP) _ American Financial Group Inc. (AFG) on Tuesday reported third-quarter earnings of $147 million.
The Cincinnati-based company said it had net income of $1.62 per share. Earnings, adjusted for non-recurring costs, came to $2.25 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share.
The property and casualty insurer posted revenue of $2.12 billion in the period. Its adjusted revenue was $2.09 billion.
American Financial shares have climbed 14% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $103.29, an increase of 3% in the last 12 months.