Specialty P&C drives American Financial earnings beat

American Financial Group (AFG) reported a modest first quarter
earnings beat with flat operating profits while National Interstate
- the company it is trying to buy-out - saw operating profits climb
18 percent for the period.
Operating profits of $111mn at AFG were equivalent to $1.25 a
share and ahead of Wall Street analysts' consensus of $1.23 a
share
The company pointed to higher underwriting profit and investment
income in its specialty P&C operations that was offset by lower
operating..