Welcome to our dedicated page for American Financial Group news (Ticker: AFG), a resource for investors and traders seeking the latest updates and insights on American Financial Group stock.
American Financial Group reports recurring developments tied to its role as an insurance holding company focused on specialty property and casualty coverage for businesses. News commonly covers quarterly and annual results, GAAP net earnings, core net operating earnings, underwriting profit, alternative investment returns and performance across specialty commercial insurance lines.
Company updates also include regular and special dividends, share capital actions, conference calls, investor meeting materials and participation in insurance and financial-services conferences. The recurring themes connect AFG's operating results with its property and casualty underwriting, investment portfolio returns and shareholder capital returns.
American Financial Group, Inc. (NYSE: AFG) has promoted Mark A. Weiss to Senior Vice President and General Counsel, effective December 1, 2022. Weiss, who joined the company in 2010, previously held roles including Vice President and Chief Compliance Officer. He succeeds Vito Peraino, who transitions to Executive Counsel in an advisory capacity. AFG is an insurance holding company based in Cincinnati, focusing on specialized commercial property and casualty insurance through Great American Insurance Group.
American Financial Group (AFG) reported Q3 2022 net earnings of $165 million ($1.93 per share), down from $219 million ($2.56 per share) in Q3 2021. Core net operating earnings were $192 million ($2.24 per share), reflecting a decline due to reduced returns from alternative investments. AFG announced a special cash dividend of $2.00 per share, adding to a regular dividend of $0.63. For 2022, AFG narrowed its core net operating earnings guidance to $11.00 - $11.75 per share. The P&C segment reported a combined ratio of 91.1%, with growth in gross and net written premiums of 19% and 15%, respectively.
American Financial Group (NYSE: AFG) announced a meeting with investors hosted by Dowling & Partners in New York City on November 17, 2022, at 1:00 p.m. (ET). The Co-CEOs Carl H. Lindner III and S. Craig Lindner, along with other executives, will attend the forum, but no formal presentation will be made. Investor materials will be available on the Investor Relations page of AFG’s website prior to the meeting. AFG specializes in property and casualty insurance through Great American Insurance Group, established in 1872.
American Financial Group (NYSE: AFG) announces the promotion of Matthew J. Stevens to Assistant Vice President - Tax, effective November 1, 2022. He succeeds H. Kim Baird, who is retiring on January 3, 2023, after over 38 years with the company. Stevens has been with the organization since 1998 and has served as Divisional Vice President since 2019. He will oversee all tax reporting, analysis, and planning for AFG and its subsidiaries. Stevens holds a Bachelor of Science in Accounting and is a Certified Public Accountant.
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 location value="LU/us.oh.cincin"Cincinnati, Ohio, primarily engages in property and casualty insurance through its subsidiary, Great American Insurance Group.
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 $2.52 per share from $2.24. The quarterly payment will start at $0.63 per share beginning in October 2022. This marks the seventeenth consecutive year of dividend increases, underscoring the company’s strong financial position and commitment to returning value to shareholders.
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.