American Financial Quarterly Profit Up

NU Online News Service, May 1, 1:15 p.m.EDT?American Financial Group Inc. said higher premiums ledto a first-quarter profit of $25.1 million, or 36 cents per share,up from $1.4 million, or two cents per share, for last year's firstquarter.

The positive earnings news follows the company announcementearlier this week that it will change its board to give it amajority of independent directors. This change will be in line withan expected new requirement of the New York Stock Exchange wherethe Cincinnati-based company is listed.

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