American Financial Group has reported a fourth quarter net loss attributable to shareholders of $29 million, compared to a net income of $166 million in the fourth quarter of 2017.
For full year 2018, AFG’s net income was $530 million, up from $475 million in 2017.
Underwriting profit in the company’s Specialty Casualty Group dropped, to $22 million, in the fourth quarter, compared to $58 million in the fourth quarter of 2017. The company cited a decline in profitability of its workers’ compensation business as one factor.
Another factor was lower underwriting profit withi...
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