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American Financial Group Announces 6.27% Rise in Quarterly Profit

American Financial Group Announces 6.27% Rise in Quarterly Profit

Second Quarter Revenue Sees a 3.26% Increase, Driving Growth Prospects

By USinMinutes
Published - Aug 07, 2024, 08:01 AM ET
Last Updated - Aug 08, 2024, 06:08 PM EDT

American Financial Group, Inc. [AFG] reported a quarterly profit of $271 million for the quarter ending June 30, 2024. This figure represents an increase from the previous quarter's profit, indicating positive financial performance during the stated period.

The company, headquartered in Cincinnati, Ohio, reported to SEC in an 8-K filing $2.49 earnings per share in the quarter, compared to $2.34 in the previous quarter.

American Financial Group, Inc., operating in the insurance sector, reported revenue of $1.9 billion, showing a 3.26% increase compared to the previous quarter's revenue.

In comparison to the same quarter in the previous year, American Financial Group, Inc. experienced a 6.37% rise in revenue, showcasing a notable growth trend. Additionally, the company's profit saw a significant 6.27% increase from the same quarter of the previous year, underlining its financial strength and performance over time.

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