American Finl Group Inc Ohio - AFG STOCK NEWS

American Financial Group (NYSE: AFG) has scheduled the release of its 2025 first quarter financial results for Tuesday, May 6, 2025, after 5:00 p.m. ET. The company will host a conference call to discuss the results on Wednesday, May 7, 2025, at 11:30 a.m. ET.

Interested participants can access the call through two methods: via telephone registration with a unique PIN, or through a live webcast with accompanying slides available on AFG's website. A replay of the webcast will be accessible approximately two hours after the call concludes.

AFG operates as an insurance holding company based in Cincinnati, Ohio, primarily engaged in property and casualty insurance through its Great American Insurance Group subsidiary, which specializes in commercial products for businesses. The group's history dates back to 1872.

American Financial Group (NYSE: AFG) has announced a quarterly dividend declaration of $0.80 per share for its common stock. The dividend will be payable on April 25, 2025, to shareholders who are recorded as holders as of April 15, 2025.

American Financial Group (NYSE: AFG) has announced agreements to sell the Charleston Harbor Resort & Marina, a premier property in South Carolina. The sale includes two full-service hotels, a 459-slip marina, a restaurant, retail store, and resort amenities. The transaction is expected to close in Q2 or Q3 2025, subject to a 60-day due diligence period during which purchasers can terminate the agreements.

AFG anticipates recognizing a net after-tax gain of approximately $100 million ($1.20 per share) from the sale. The company initially acquired the property in 2002 and has made significant improvements since then, including the construction of The Beach Club, a luxury waterfront resort.

American Financial Group (NYSE: AFG) has announced the promotion of Matthew J. Stevens to Vice President – Tax. Stevens, who joined Great American Insurance Group's Financial Division in 1998, has been serving as Assistant Vice President since 2022 in AFG's Tax Department. In his new role, he will continue to oversee all aspects of tax reporting, analysis, and planning for the organization.

Stevens holds a Bachelor of Science in Accounting from Northern Kentucky University and is a Certified Public Accountant (CPA). AFG, headquartered in Cincinnati, Ohio, operates primarily through Great American Insurance Group, focusing on specialized commercial products for businesses. The company's roots trace back to 1872 with the founding of Great American Insurance Company.

American Financial Group (NYSE: AFG) has declared a special cash dividend of $2.00 per share, payable on March 28, 2025, to shareholders of record on March 17, 2025. The special dividend totals approximately $170 million and comes in addition to the regular quarterly dividend of $0.80 per share paid on January 24, 2025.

Since 2021, AFG has declared $52.00 per share in special dividends, including $6.50 per share in 2024. The company also reported share repurchases of approximately $50 million at an average price of $123.83 per share through February 27, 2025.

The company's leadership emphasized their commitment to returning capital to shareholders through dividends and opportunistic share repurchases, while maintaining focus on deploying capital into core businesses for organic growth and potential acquisitions.

American Financial Group (NYSE: AFG) has announced its leadership team's participation in the upcoming 2025 Association of Insurance and Financial Analysts (AIFA) Conference on March 4, 2025. Co-CEOs Carl H. Lindner III and S. Craig Lindner, along with CFO Brian S. Hertzman, will conduct investor meetings at the conference.

While no formal presentation is planned, AFG will make investor materials available on their website's Investor Relations page prior to the conference. The company, headquartered in Cincinnati, Ohio, operates through Great American Insurance Group, specializing in commercial property and casualty insurance products for businesses. The group's history dates back to 1872 with the establishment of Great American Insurance Company.

American Financial Group (NYSE: AFG) has announced significant changes to its Board of Directors. Craig Lindner Jr. and David L. Thompson Jr. have been elected as new Directors. James E. Evans will not seek reelection at the 2025 Annual Meeting but will continue as Executive Consultant.

Craig Lindner Jr., currently Divisional President of AFG Real Estate Investments since 2017, manages the company's real estate portfolio and commercial mortgages. He joined AFG in 2002 and has 20 years of experience in real estate investing and insurance.

David L. Thompson serves as Chairman of the Board, President and Chief Operating Officer of Great American Insurance Company, AFG's flagship property and casualty insurance company. He has been with Great American since 2006, overseeing specialty property and casualty businesses and corporate reinsurance operations.

American Financial Group (AFG) reported strong Q4 and full-year 2024 results, with net earnings of $3.03 per share in Q4 and $10.57 per share for the full year. Core net operating earnings reached $3.12 per share in Q4 2024, up from $2.84 in Q4 2023, driven by higher P&C net investment income and improved returns on alternative investments.

The company achieved a full-year ROE of 19.0% and maintained strong underwriting performance with an 89.0% combined ratio in Q4. AFG's specialty P&C operations saw premium growth, with full-year gross and net written premiums increasing by 9% and 7% respectively, setting new records. Average renewal pricing excluding workers' compensation increased by 8%.

AFG returned approximately $791 million to shareholders in 2024, including $545 million in special dividends ($6.50 per share). The company's book value per share was $53.18 at year-end, with growth in book value plus dividends reaching 23.0% for the year.

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.