American Financial Group Reports Q3 Net Earnings of $215 Million
American Financial Group Inc. reported Q3 2025 net earnings of $215 million ($2.58 per share), up from $181 million ($2.16 per share) in Q3 2024. Core net operating earnings were $224 million ($2.69 per share), compared to $194 million ($2.31 per share) last year. The annualized return on equity was 18.2%, up from 15.2% in 2024. Book value per share was $57.6 as of September 30, 2025, with a growth of 4.8% for Q3 and 10.6% for the nine months ended September 30, 2025, driven by higher underwriting profit and net investment income.