American Financial Group, Inc. - AFG STOCK NEWS

American Financial Group (AFG) reported third quarter 2024 net earnings of $181 million ($2.16 per share), compared to $177 million ($2.09 per share) in Q3 2023. Core net operating earnings were $194 million ($2.31 per share), down from $208 million ($2.45 per share) in Q3 2023. The decrease was primarily due to higher catastrophe losses from Hurricane Helene and lower favorable prior year reserve development. The company achieved an annualized core operating return of 16%. The Board declared a special dividend of $4.00 per share, payable November 26, 2024. Third quarter gross and net written premiums increased 19% and 14% respectively, driven by the Crop Risk Services acquisition.

American Financial Group, Inc. (NYSE: AFG) has announced its conference call and webcast to discuss 2024 third quarter results. The company expects to release its results after 5:00 p.m. (ET) on Tuesday, November 5, 2024. The release will be available on AFG's website at www.AFGinc.com. A conference call to discuss the results will be held at 11:30 a.m. (ET) on Wednesday, November 6, 2024.

Participants can access the call via telephone by registering online or through AFG's website. The call and accompanying webcast slides will also be broadcast live over the internet. A replay of the webcast will be available approximately two hours after the call's completion. AFG is a Cincinnati-based insurance holding company primarily engaged in property and casualty insurance through its Great American Insurance Group subsidiary.

American Financial Group, Inc. (NYSE: AFG) has announced a regular dividend declaration of $0.80 per share on its Common Stock. The dividend is set to be paid on October 25, 2024, to shareholders of record as of October 15, 2024. This dividend represents a 12.7% increase over the annual rate that has been in effect since the fourth quarter of 2023, as previously announced by the company.

American Financial Group (NYSE: AFG) announced its participation in the 2024 Janney Financial Services Conference on September 17, 2024, in Washington, D.C. Key executives, including S. Craig Lindner (Co-CEO), David L. Thompson, Jr. (President & COO of Great American Insurance Group), and Brian S. Hertzman (Senior VP & CFO), will attend.

While there won't be a company presentation, AFG will host investor meetings. Investor materials will be available on AFG's website prior to the conference. AFG, based in Cincinnati, Ohio, is an insurance holding company primarily engaged in property and casualty insurance through Great American Insurance Group, which traces its roots back to 1872.

American Financial Group, Inc. (NYSE: AFG) has announced that its top executives will participate in the 2024 Keefe, Bruyette & Woods Insurance Conference on September 4, 2024. Co-CEOs Carl H. Lindner III and S. Craig Lindner, along with CFO Brian S. Hertzman, will attend the event. While there won't be a formal company presentation, AFG will host several investor meetings.

Investors can access the material to be used in these meetings via a link under the Events section on AFG's Investor Relations webpage at www.AFGinc.com. This material will be made available just before the conference begins, providing stakeholders with valuable insights into the company's current position and future outlook.

American Financial Group (NYSE: AFG) has increased its annual common stock dividend by 12.7% to $3.20 per share, marking the nineteenth consecutive year of dividend increases. The new dividend will be paid quarterly at $0.80 per share starting in October 2024. AFG's ten-year compound annual growth rate in regular annual dividends is 12.4%.

Co-CEOs Carl H. Lindner III and S. Craig Lindner expressed confidence in AFG's financial condition, liquidity, and long-term growth prospects. The dividend increase is part of AFG's capital management strategy to return excess capital to shareholders.

AFG, based in Cincinnati, Ohio, is an insurance holding company primarily engaged in property and casualty insurance through its Great American Insurance Group subsidiary, which focuses on specialized commercial products for businesses.

American Financial Group (NYSE: AFG) reported second quarter 2024 net earnings of $209 million ($2.49 per share), compared to $200 million ($2.34 per share) in Q2 2023. Core net operating earnings were $215 million ($2.56 per share), up from $202 million ($2.38 per share) in Q2 2023. The company achieved an annualized ROE of 18.0% and a core operating ROE of 18.5%.

Key highlights include:

• Specialty P&C calendar year combined ratio improved 1.4 points YOY to 90.5%
• Average renewal rate increases excluding workers' compensation of 8%
• Book value per share was $52.25 at June 30, 2024
• AFG paid cash dividends of $0.71 per share during Q2

The company's strong performance was driven by higher P&C underwriting profit and increased net investment income due to higher interest rates.

American Financial Group (NYSE: AFG) has announced its conference call and webcast to discuss 2024 second quarter results. The company will release its results after 5:00 p.m. (ET) on Tuesday, August 6, 2024, followed by a conference call at 11:30 a.m. (ET) on Wednesday, August 7, 2024. Participants can access the call via telephone by registering online or through AFG's website. The call will also be broadcast live over the internet, with a replay available approximately two hours after completion.

AFG is a Cincinnati-based insurance holding company primarily engaged in property and casualty insurance through its Great American Insurance Group. The group specializes in commercial products for businesses and traces its roots back to 1872.

American Financial Group (NYSE: AFG) has declared a quarterly dividend of $0.71 per share of its Common Stock.

The dividend is scheduled for payment on July 25, 2024, to shareholders recorded by July 15, 2024.