American Financial Group Increases 2017 Core Net Operating Earnings Guidance

(RTTNews) - American Financial Group, Inc. (AFG) announced, based on results for the first six months of 2017, the company now expects core net operating earnings in 2017 to be in the range of $6.40 to $6.90 per share, up from original estimate of $6.20 to $6.70 per share.

Core net operating earnings were $145 million or $1.61 per share for the 2017 second quarter, compared to $113 million or $1.28 per share in the 2016 second quarter. The company said the improved results were attributable to higher operating earnings in Specialty Property and Casualty Insurance Segment and Annuity Segment.