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CINCINNATI (AP) _ American Financial Group Inc. (AFG) on Wednesday reported fourth-quarter net income of $276 million.
On a per-share basis, the Cincinnati-based company said it had profit of $3.24. Earnings, adjusted for non-recurring gains, came to $2.99 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.95 per share.
The property and casualty insurer posted revenue of $1.93 billion in the period. Its adjusted revenue was $1.91 billion.
For the year, the company reported profit of $898 million, or $10.53 per share. Revenue was reported as $7.19 billion.
American Financial expects full-year earnings in the range of $11 to $12 per share.
American Financial shares have risen 0.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $138.02, a rise of 5% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a AFG">Zacks stock report on AFG at https://www.zacks.com/ap/AFG