American Financial Reports Improved Work Comp Underwriting Profit in Q3

American Financial Group Inc. has announced net income of $109 million for the third quarter, a 73% increase from net income of $63 million in the prior-year quarter. For the first nine months of 2016, the company’s net income was $264 million, up 18% from $223 million in the first three quarters of last year. The company’s Specialty Casualty Group, which includes workers’ compensation insurance, reported third-quarter underwriting profit of $13 million, down from $31 million in the prior-year quarter. The drop came despite higher underwriting profitability in the company&r...