American Financial Group FY26 Q2 net earnings rise 42.53% to $248 million
AFG•Property and casualty results improve
P&C pretax core operating earnings climbed 28.21% to $350 million; underwriting profit increased 26.32% to $144 million.
Specialty P&C combined ratio improved 1.6 percentage points to 91.5%, including 3.4 points of favorable prior-year reserve development.
Capital position supports capital return and growth
Management said excess capital remained significant, supporting regular and special dividends, opportunistic buybacks, organic growth, acquisitions and start-ups.
Quarterly earnings rise on stronger underwriting and investment returns
American Financial Group posted Q2 2026 net earnings of $248 million, up 42.53%, with diluted EPS of $2.99.
Core net operating earnings (non-GAAP) rose 30.73% to $234 million, or $2.82 per share, on higher underwriting profit and alternative investment returns.
