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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 (AFG) will release its 2022 third quarter results after 5:00 p.m. ET on November 2, 2022. The results will be available on AFG's website. Following the release, a conference call is scheduled for 11:30 a.m. ET on November 3, 2022, where participants can join through telephone or internet. Registration for the call can be done online, providing access details upon registration. AFG specializes in property and casualty insurance through Great American Insurance Group, with a history dating back to 1872.
American Financial Group (NYSE: AFG) has declared a quarterly dividend of $0.63 per share, which will be paid on October 25, 2022, to stockholders on record as of October 14, 2022. This dividend marks a 12.5% increase from the previous annual rate established in Q4 2021. The company, headquartered in
American Financial Group (NYSE: AFG) has promoted Annette D. Gardner to Vice President and Treasurer, effective September 19. She succeeds David J. Witzgall, who will retire on January 3, 2023, after over 38 years with the company. Gardner joined the firm in 1988 as a co-op student and has since held various roles, including Vice President and Assistant Treasurer since 2008. She graduated from the University of Cincinnati with a degree in accounting and is a Certified Public Accountant.
American Financial Group (NYSE: AFG) announced that Co-CEOs Carl H. Lindner III and S. Craig Lindner, along with CFO Brian S. Hertzman, will participate in the 2022 Keefe, Bruyette & Woods Insurance Conference on September 7, 2022. There will be no formal presentation; however, AFG will conduct multiple investor meetings. Relevant materials will be available on the Investor Relations page of AFG’s website, www.AFGinc.com, prior to the conference.
American Financial Group (NYSE: AFG) announced a 12.5% increase in its annual dividend, raising it to
American Financial Group (AFG) reported second-quarter 2022 net earnings of $167 million ($1.96 per share), down from $1.0 billion ($11.70 per share) in the same period last year. Core net operating earnings rose to $243 million ($2.85 per share), a 19% increase year-over-year, driven by significant growth in Specialty Property and Casualty underwriting profit. AFG raised its full-year core earnings guidance to $10.75 - $11.75 per share, up from $10.50 - $11.50. The annualized return on equity was 14.3%, while excess capital stood at approximately $1.1 billion as of June 30, 2022.
American Financial Group, Inc. (NYSE: AFG) will release its 2022 second quarter results after 5:00 p.m. ET on August 3, 2022. The results will be available on AFG's website. Following the release, a conference call will be held on August 4, 2022, at 11:30 a.m. ET to discuss the results. Participants can register for the call via telephone or access it online. The company, based in Cincinnati, Ohio, is primarily involved in property and casualty insurance through the Great American Insurance Group, which has a history dating back to 1872.
American Financial Group, Inc. (NYSE: AFG) has declared a regular dividend of $0.56 per share for its common stock. This dividend will be payable on July 25, 2022 to shareholders on record as of July 15, 2022. The company, headquartered in Cincinnati, Ohio, primarily operates in property and casualty insurance through the Great American Insurance Group. With roots dating back to 1872, AFG focuses on specialized commercial insurance products for businesses.
American Financial Group (NYSE: AFG) announced participation in the 2022 Morgan Stanley US Financials Conference on June 15, 2022. Co-CEOs Carl H. Lindner III and S. Craig Lindner, along with CFO Brian S. Hertzman, will represent the company. Although there will be no formal presentation, several investor meetings will occur, with materials to be shared on AFG's Investor Relations page at www.AFGinc.com before the event. AFG, based in Cincinnati, focuses on property and casualty insurance through Great American Insurance Group, established in 1872.
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