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American Financial Group, Inc. (NYSE: AFG) is a premier insurance holding company headquartered in Cincinnati, Ohio. Through its principal subsidiary, Great American Insurance Group, AFG specializes in property and casualty insurance services, focusing on niche commercial products tailored for businesses. Established in 1872, Great American Insurance Group provides vital insurance coverage across all 50 states through a network of independent agents and brokers. Apart from property and casualty insurance, AFG also operates in the annuity market, offering traditional fixed and fixed-indexed annuities, particularly in the education, bank, and individual sectors.
Recent financial performance highlights include a third-quarter net earnings report of $177 million for 2023, reflecting a $2.09 earnings per share. Core net operating earnings rose to $2.45 per share, marking a significant 9% increase from the previous year. This robust performance was driven by higher net investment income, despite a slight decrease in underwriting profits within the Specialty Property and Casualty insurance operations.
AFG continues to show a strong annualized return on equity (ROE), with a third-quarter ROE of 15.7% and a core operating ROE of 18.3%. The company reported an overall 7% renewal rate increase, excluding workers’ compensation, and maintained its annual earnings guidance at $10.15 to $11.15 per share for the full year 2023. Additionally, AFG's Board of Directors declared a $1.50 per share special dividend, underscoring the company's commitment to returning value to its shareholders.
With significant excess capital and a strong balance sheet, AFG continues to pursue growth opportunities within its core insurance businesses while maintaining a prudent capital management strategy, including regular and special dividends and strategic share repurchases. The company's focus on specialization and deep market expertise positions it well for sustained growth and profitability in the competitive insurance landscape.
American Financial Group (NYSE: AFG) has announced its participation in the BofA Securities 2025 Financial Services Conference scheduled for Tuesday, February 11, 2025. The company's Co-Chief Executive Officers, Carl H. Lindner III and S. Craig Lindner, along with Senior Vice President and Chief Financial Officer Brian S. Hertzman, will attend the conference.
While AFG will not deliver a formal presentation, the company plans to conduct several investor meetings during the event. Investors can access the meeting materials through the Events section on AFG's Investor Relations webpage at www.AFGinc.com. These materials will be made available shortly before the conference begins.
American Financial Group (AFG) has announced its upcoming conference call and webcast to discuss its 2024 fourth quarter and full year results. The financial results will be released after 5:00 p.m. (ET) on Tuesday, February 4, 2025, and will be available on AFG's website.
The company will host a conference call on Wednesday, February 5, 2025, at 11:30 a.m. (ET) to discuss these results. Participants can access the call through two methods:
- By telephone: Attendees must register online to receive a dial-in number and unique PIN
- Via internet: The call and accompanying webcast slides will be broadcast live through AFG's website
A replay of the webcast will be made available approximately two hours after the call's completion through the same website link.
American Financial Group (NYSE: AFG) has announced its latest quarterly dividend declaration. The company will pay a regular dividend of $0.80 per share to shareholders of its Common Stock. The dividend will be distributed on January 24, 2025, to stockholders who are recorded as holders as of January 14, 2025.
American Financial Group (NYSE: AFG) has announced its leadership's participation in two upcoming investor events. The company's Co-CEOs Carl H. Lindner III and S. Craig Lindner, along with CFO Brian S. Hertzman, will attend the 2024 Raymond James Virtual Insurance Conference on November 12, 2024. Additionally, on November 21, 2024, Carl H. Lindner III, John B. Berding, David L. Thompson, Jr., and Brian S. Hertzman will meet with investors at a Dowling & Partners forum in New York City at 1:00 p.m. (ET). While no company presentations are scheduled, investor materials for both events will be available on AFG's website prior to the meetings.
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.
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