American Financial Q1 Profit Up Sharply
NU Online News Service, April 26, 11:55 a.m. EDT?American Financial Group Inc., citing higher earnings from insurance operations and realized investment gains, reported first-quarter net profit of $73.2 million?a nearly threefold rise from $25.1 million recorded for the 2003 period.[@@]
The Cincinnati-based insurer said its core earnings from all insurance units were $53.4 million for the first quarter, a 22 percent increase compared with $43.8 million reported one year ago. The company noted that the increase was due to higher underwriting margins in the property-casualty insurance operations as well as improved operating earnings from the annuity, supplemental insurance and life operations.
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