Trade Resources Company News American Financial Group Reported Net Earnings Attributable to Shareholders of $50m

American Financial Group Reported Net Earnings Attributable to Shareholders of $50m

American Financial Group has reported net earnings attributable to shareholders of $50m, or $0.54 per share for the fourth quarter of 2012, against $109m, or $1.09 per share during the same period earlier year.

The P&C specialty insurance operations reported underwriting profit of $15m, compared to $89m during the same period earlier year.

The Property and Transportation Group posted an underwriting loss of $14m, against an underwriting profit of $75m during the corresponding period a year ago.

The Specialty Casualty Group generated an underwriting profit of $8m for the current quarter period, compared to an underwriting loss of $3m during the year ago quarter.

The Specialty Financial Group registered an underwriting profit of $16m, against $13m during the same period last fiscal.

The Annuity Group reported core operating earnings before income taxes of $68m, compared to $58m during the same period earlier year.

Cincinnati- based American Financial Group has assets in more than $35bn and provides property and casualty insurance, focusing on specialized commercial products for businesses, among others.

Source: http://lifeinsuranceandpensions.insurance-business-review.com/news/american-financial-group-2012-q4-net-income-declines-120213
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American Financial Group 2012 Q4 Net Income Declines
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