American Financial Group (AFG) Tops Q2 EPS by 9c

American Financial Group (NYSE: AFG) reported Q2 EPS of $1.53, $0.09 better than the analyst estimate of $1.44.

• Net earnings per share of $1.97; includes $0.92 per share in after-tax non-core items
• Core net operating earnings before impact of alternative investments, $1.53 per share; includes $0.75 per share in COVID-19 related losses
• Core net operating earnings of $1.05 per share; includes $0.48 per share loss from alternative investments and $0.75 per share in COVID-19 related losses
• Overall Specialty P&C renewal rates up 13%, excluding workers’ compensation
• Parent company cash of $500 million and excess capital of $850 million at June 30, 2020
• Full year 2020 core net operating earnings guidance excluding the impact of alternative investments $6.60 - $7.40 per share, an increase from our previous guidance of $6.45 to $7.25 per share

For earnings history and earnings-related data on American Financial Group (AFG) click here.

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