AFG Announces 3Q Results - California Improving

American Financial Group, Inc. (NYSE: AFG) Friday reported a net loss of $55.7 million in the third quarter of 2001, reflecting the combined effects of after-tax losses of $81.3 million related to the outcome of a previously announced study of the asbestos and other environmental exposures ('A&E') at AFG's property and casualty subsidiaries and the New York City World Trade Center terrorist attack. Excluding the WTC loss and A&E reserve increase, AFG's net earnings from its insurance businesses were $27.9 million ($.41 per share), in line with analyst expectations prior to the WTC attack. T...