American Financial Group Inc. has reported third quarter net income of $11 million, down from $109 million for the third quarter of 2016.
For the first nine months of the year, net income was $309 million, up from $264 million in the prior-year period.
The third quarter results included after-tax charges of $74 million to strengthen the company’s asbestos and environmental reserves, expenses of $2 million related to the redemption of AFG’s 5.75% senior notes, and $8 million in after-tax realized losses on securities.
In comparison, net earnings in last year’s third quarter...
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