American Financial Group Q2 net earnings rise to $248 million, $2.99 per share
American Financial Group reported second-quarter 2026 net earnings of $248 million ($2.99 per share), up from $174 million ($2.07 per share) a year earlier. Core net operating earnings, which exclude realized gains and losses and other non-core items, rose to $234 million ($2.82 per share) from $179 million ($2.14 per share), driven by higher underwriting profit and alternative investment returns.
Key points
- Core net operating earnings were $234 million ($2.82 per share) versus $179 million ($2.14 per share) in Q2 2025.
- Specialty P&C combined ratio improved to 91.5% from 93.1%, and underwriting profit rose to $144 million from $114 million.
- Net written premiums grew 6% to $1,915 million; book value per share was $58.14 at June 30, 2026.
- The Charleston Harbor Resort & Marina sale is expected to close in Q3 2026, with a pretax core operating gain of approximately $125 million expected.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.