U.S. Markets open in 1 hr 29 mins

American Financial: 3Q Earnings Snapshot

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.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AFG at https://www.zacks.com/ap/AFG