American Financial's Profit Plummets in Q3

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...