American Financial Group Q1 adjusted earnings Beat Estimates

(RTTNews) - American Financial Group (AFG) revealed earnings for first quarter that dropped from the same period last year.

The company's profit totaled $145 million, or $1.60 per share. This compares with $153 million, or $1.72 per share, in last year's first quarter.

Excluding items, American Financial Group reported adjusted earnings of $219 million or $2.42 per share for the period.

Analysts had expected the company to earn $1.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.5% to $1.62 billion from $1.58 billion last year.

American Financial Group earnings at a glance:

-Earnings (Q1): $219 Mln. vs. $151 Mln. last year. -EPS (Q1): $2.42 vs. $1.69 last year. -Analysts Estimate: $1.98 -Revenue (Q1): $1.62 Bln vs. $1.58 Bln last year.