American Financial Group reports Q3 core earnings rise 48%

American Financial Group (AFG) has reported a significant increase in its Q3 core earnings, with net earnings rising 48% to $282 million, or $3.40 per share, compared to $215 million, or $2.58 per share, in the same period last year. The company's core net operating earnings reached a record $329 million, or $3.97 per share, marking a 48% increase from $224 million, or $2.69 per share, in the prior year.

Additionally, AFG declared a special cash dividend of $3.50 per share, payable to shareholders on November 25, 2026. The company's specialty P&C operations reported a combined ratio of 93.8% for the quarter, up from 93.0% in the same period last year, while catastrophe losses accounted for 1.0 point on the combined ratio.

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