![]() Further, net written premiums at Specialty Financial increased 16% year over year and Other divisions improved 5% year over year. While net written premiums in Property & Transportation Group grew 10% year over year to $522 million in the quarter, the same at Specialty Casualty Group increased 11% year over year at $722 million. ![]() A combination of new business opportunities, increased exposures and a good renewal rate environment in the entire P&C group added to the growth. ![]() The Specialty P&C Insurance segment generated $1.5 billion in net written premiums, which rose 11% year over year, attributable to strong performance across the Property & Transportation, Specialty Casualty, Specialty Financial and Other divisions. The figure matched our estimate of $1.4 billion. Total cost and expenses increased 20.3% year over year to $1.4 billion due to higher P&C insurance losses and expenses, cost of managed investment entities and other expenses. The figure was higher than our estimate of $169.3 million. Net investment income decreased 5.6% year over year to $217 million in the quarter under review. P&C insurance net earned premiums of $1.4 billion climbed 10.4% year over year. The top line beat the Zacks Consensus Estimate by 4.5% and matched our estimate of $1.7 billion. The growth came on the back of higher P&C insurance net earned premiums and other income. Total revenues of $1.7 billion increased 11.3% year over year in the quarter. price-consensus-eps-surprise-chart | American Financial Group, Inc. Price, Consensus and EPS SurpriseĪmerican Financial Group, Inc.
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