American Finl Group Inc Ohio Stock Price, News & Analysis

American Financial Group (NYSE: AFG) announced participation in the Bank of America Securities 2021 Virtual Insurance Conference on February 10, 2021. Co-CEOs Carl H. Lindner III and S. Craig Lindner, along with CFO Brian S. Hertzman, will attend. While there is no formal company presentation, AFG plans to host several investor meetings during the event. Relevant investor materials will be available on AFG's Investor Relations page prior to the conference.

American Financial Group (NYSE: AFG) has agreed to sell its Annuity business to Massachusetts Mutual Life Insurance Company for $3.5 billion in cash. The deal, expected to close in Q2 2021, includes acquiring Great American Life Insurance Company and its subsidiaries, which held approximately $40 billion in annuity reserves as of December 31, 2020. AFG anticipates a gain of $620 million to $690 million after tax upon closing. The transaction aims to enhance AFG's capital management and operational focus, benefiting both firms and their stakeholders.

American Financial Group (NYSE: AFG) will announce its 2020 fourth quarter and full year results on February 3, 2021, after 5:00 p.m. ET. The results will be accessible on AFG's website. A conference call to discuss these results is scheduled for February 4, 2021, at 11:30 a.m. ET. Investors can participate via telephone or internet, with replays available until February 11, 2021. AFG is a Cincinnati-based insurance holding company with approximately $70 billion in assets as of September 30, 2020, focusing on property and casualty insurance and fixed annuities.

American Financial Group, Inc. (NYSE: AFG) announces the promotion of Robert (Bob) A. Dee to Assistant Vice President and Controller. With over 35 years at AFG, Dee will oversee accounting policies and ensure compliance with GAAP and SEC financial reporting. He holds a bachelor’s degree in accounting from Xavier University and is a Certified Public Accountant in Ohio. AFG, based in Cincinnati, has approximately $70 billion in assets as of September 30, 2020, and is primarily engaged in property and casualty insurance and the sale of traditional annuities.

American Financial Group (NYSE: AFG) has declared a regular dividend of $0.50 per share. This dividend is set to be paid on January 25, 2021, to shareholders on record by January 15, 2021. As of September 30, 2020, AFG reported approximately $70 billion in assets, primarily focusing on property and casualty insurance through Great American Insurance Group. The company has a longstanding history dating back to 1872, delivering specialized commercial products and annuity sales.

American Financial Group (NYSE: AFG) has elected Evans N. Nwankwo to its Board of Directors. With nearly 40 years in the commercial construction sector, Nwankwo is the Founder and President of Megen Construction Company, a leading builder in the region. His firm is recognized for its LEED Platinum certification and is a top minority-owned business in Greater Cincinnati. Nwankwo is also active in philanthropy, founding the NuWay Foundation to support health and education initiatives in Nigeria. AFG's Co-CEOs expressed that Nwankwo's unique perspective will enhance the board's risk management capabilities.

American Financial Group (NYSE: AFG) has declared a special cash dividend of $2.00 per share, payable on December 29, 2020, to holders of record on December 21, 2020. This one-time dividend totals approximately $174 million and supplements the regular quarterly dividend of $0.50 paid on October 26, 2020. The Co-CEOs emphasized that this decision is part of their capital management strategy and reflects the company's robust financial position.

American Financial Group (NYSE: AFG) will host a virtual investor meeting on November 18, 2020, at 2:30 p.m. ET. Co-CEOs Carl H. Lindner III and S. Craig Lindner, along with CFO Brian S. Hertzman, will present. Investors can access the materials via the Investor Relations page on AFG’s website, www.AFGinc.com, prior to the event. AFG, with approximately $73 billion in assets, primarily focuses on property and casualty insurance and annuities, operating under the Great American Insurance Group brand.

American Financial Group (NYSE: AFG) will participate in the virtual 2020 Morgan Stanley Insurance Corporate Access Day on November 10, 2020. Co-CEOs Carl H. Lindner III and S. Craig Lindner, along with CFO Brian S. Hertzman, will attend, although there will be no formal presentation. Investor materials will be available on the AFG Investor Relations page prior to the event. As of September 30, 2020, AFG, based in Cincinnati, Ohio, holds approximately $73 billion in assets and primarily focuses on property and casualty insurance and annuity sales.