American Financial Group Q2 Profit Beats Estimates - Quick Facts

(RTTNews) - American Financial Group Inc. (AFG) reported second-quarter net earnings attributable to shareholders of $110 million or $1.20 per share, compared to $99 million or $1.01 per share, last year.

After-tax net realized gains were $26 million in the second quarter compared to $9 million in prior year period. The 2013 second quarter results also include an after-tax charge of $3 million or $0.04 per share related to guaranty fund assessments expected from various state funds for the insolvency and liquidation of Executive Life Insurance Company of New York, an unaffiliated life insurance company.

Core net operating earnings were $87 million or $0.96 per share, compared to $90 million or $0.91 per share, prior year. On average, six analysts polled by Thomson Reuters expected the company to report profit of $0.83 per share for the quarter. Analysts' estimates typically exclude special items.

Book value per share, excluding appropriated retained earnings and unrealized gains on fixed maturities, increased by $0.84 to $44.78 per share during the second quarter of 2013.

P&C insurance net earned premiums were $709 million, compared to $640 million prior year. Analysts expected revenue of $753.91 million for the quarter. Total revenues rose to $1.14 billion, from $1.12 billion last year.