American Financial Group posted core net operating earnings of $2.82 per diluted share for the second quarter of 2026, a 32% increase driven by higher underwriting profit and improved returns from alternative investments. Net earnings reached $248 million, or $2.99 per share, including $0.17 per share in after-tax non-core realized gains on securities. Property and casualty pretax operating income hit a second-quarter record of $350 million, while the specialty P&C combined ratio improved 1.6 points to 91.5%. Net written premiums grew 6% to $1.92 billion, and the company returned nearly $100 million to shareholders through $26 million in share repurchases and $74 million in dividends. Management also highlighted an expected $125 million pretax gain from the pending sale of the Charleston Harbor Resort, which would contribute approximately $1.20 per share upon closing in the third quarter.
American Financial Group, Inc.Record Q2 underwriting profit and 32% core EPS growth driven by higher underwriting profit and improved investment returns.
