American Financial Group reported second quarter 2026 net earnings of $2.99 per share and core operating earnings of $2.82 per share, up from $2.14 in the prior-year period. The results were driven by strong underwriting profit and improved returns from its alternative investment portfolio.
Key Highlights
- Core net operating earnings per share increased 32% year-over-year to $2.82, reflecting higher underwriting profit and stronger returns on alternative investments.
- The Property & Casualty (P&C) segment achieved a record second quarter pretax operating income of $350 million, supported by a combined ratio of 91.5%, an improvement of 1.6 points from the prior year.
- Net written premiums grew 6% compared to the second quarter of 2025, with growth across all Specialty P&C groups.