American Financial Group Inc.’s (AFG) second-quarter earnings from insurance businesses will be negatively impacted by certain litigation charges and by lower-than-expected underwriting results in its p/c insurance operations. As a result, second-quarter earnings from insurance businesses are likely to be substantially below the $.65 per share recorded in the 2000 first quarter. The company also expects final determination of the earn-out related to the 1998 sale of its commercial lines business in the second quarter or early in the third quarter of 2000. The agreement provided for an additional payment on retention of business through May 31, 2000.
Was this article valuable?
Here are more articles you may enjoy.
Record-Low Danube Water Levels Leave Boats Beached, Reveal Decades-Old Shipwrecks 
CBIZ Brokerage to Be Spun Off, Backed by Private Equity, After $5B Grant Thornton Deal 
Great American Escapes Coverage for Grocery’s Opioid Litigation Settlement 
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base From This Issue
