American Financial reports Q2 core EPS $2.56, consensus $2.45

Reports Q2 revenue $1.9B, consensus $1.71B. Carl H. Lindner III and S. Craig Lindner, AFG‘s Co-Chief Executive Officers, issued this statement: “We are pleased to report a second quarter annualized core operating return on equity of 18.5%. Underwriting margins in our specialty P&C insurance businesses were strong, and higher interest rates increased net investment income, excluding alternatives, by 15% year over year. These results, coupled with effective capital management and our entrepreneurial, opportunistic culture and disciplined operating philosophy enable us to continue to create value for our shareholders.”