American Financial Group, Inc. (AFG) reported first quarter net earnings attributable to shareholders of $19 million or $0.21 per share compared to $103 million or $1.13 per share for the 2014 first quarter. The company's 2015 first quarter results include an after-tax loss of $105 million or $1.18 per share related to the pending sale of its run-off long-term care insurance business. Core net operating earnings were $112 million or $1.25 per share for the 2015 first quarter.
On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $1.14 for the quarter. Analysts' estimates typically exclude special items.
P&C insurance net earned premiums increased to $946 million from $754 million, last year. Analysts expected revenue of $1.01 billion for the quarter. Total revenues were $1.29 billion, compared to $1.21 billion.
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