AFG Profit Climbs to $145M in Q2

American Financial Group Inc. has reported second quarter net income of $145 million, a 168% increase from $54 million in the second quarter of last year. For the first half of the year, net income was $298 million, up 92% from $155 million last year. In the specialty casualty group, net premiums written increased 12% in the second quarter, to $561 million, and were up 8%, to $1.1 billion, for the first half of the year. The specialty casualty combined ratio for the second quarter was 94.7%, down from 95.3% in the same quarter last year. The specialty casualty group, the largest group withi...