American Financial: Q4 Earnings Snapshot

CINCINNATI (AP) — CINCINNATI (AP) — American Financial Group Inc. (AFG) on Tuesday reported fourth-quarter net income of $263 million.

The Cincinnati-based company said it had net income of $3.13 per share. Earnings, adjusted for non-recurring gains, were $2.84 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.81 per share.

The property and casualty insurer posted revenue of $2.08 billion in the period. Its adjusted revenue was $1.94 billion, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.87 billion.

For the year, the company reported profit of $852 million, or $10.05 per share. Revenue was reported as $7.42 billion.

American Financial shares have risen roughly 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $119.71, a drop of 12% in the last 12 months.

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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