American Financial Group Cuts Earnings Guidance - Quick Facts

(RTTNews) - American Financial Group, Inc. (AFG) announced the company now expects core net operating earnings in 2017 to be in the range of $5.90 to $6.20 per share, revised downward from the range of $6.40 to $6.90 announced previously.

Core net operating earnings were $95 million or $1.06 per share for the 2017 third quarter, compared to $134 million or $1.51 per share in the 2016 third quarter. The company said the decrease was primarily the result of lower operating earnings in Specialty Property and Casualty insurance operations, principally from previously announced catastrophe losses in the quarter.