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Stock Market & Financial Investment News

News Breaks
November 15, 2012
16:25 EDTAFGAmerican Financial narrows core EPS guidance to $3.10-$3.30, consensus $3.36
AFG's insurance operations not affected by Sandy continue to report strong operating earnings. Including the currently estimated loss from this catastrophe, the company has narrowed its 2012 core net operating earnings guidance to $3.10-$3.30 per share. Furthermore, the estimated combined ratio for 2012 for the company's property and casualty operations has been narrowed to a range of 94% - 96%. Combined ratio guidance for the Property and Transportation Group has been tightened to an expected range of 97% - 99%, and guidance for the Specialty Financial Group has narrowed slightly to 89% - 91%.
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