Welcome to our dedicated page for American Finl Group Ohio news (Ticker: AFG), a resource for investors and traders seeking the latest updates and insights on American Finl Group Ohio 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 (NYSE: AFG) announced that Co-CEOs Carl H. Lindner III and S. Craig Lindner, along with CFO Brian S. Hertzman, will participate in the 2021 Keefe, Bruyette & Woods Virtual Insurance Conference on September 10, 2021. Although there will be no formal presentation, AFG will conduct several investor meetings during the conference. Relevant investor materials will be available on AFG's website prior to the event at www.AFGinc.com.
American Financial Group, Inc. (NYSE: AFG) has approved a dividend increase from $2.00 to $2.24 per share, a 12% rise, effective from October 2021. The new quarterly dividend will be $0.56 per share, reflecting the company's ongoing commitment to returning capital to shareholders. AFG’s Co-CEOs stated that this decision underscores their confidence in the company's financial strength and growth prospects, marking the sixteenth consecutive year of dividend increases.
American Financial Group (NYSE: AFG) reported strong Q2 2021 results, with net earnings of $1.0 billion ($11.70/share), significantly up from $177 million ($1.97/share) in Q2 2020. Included in these results were favorable after-tax non-core items totaling $797 million. AFG's core net operating earnings were $205 million ($2.39/share), compared to $60 million ($0.67/share) in the prior year. The company also announced a special dividend of $14.00/share and repurchased $114 million in stock. Book value per share rose to $66.12, reflecting a robust annualized return on equity of 72%.
American Financial Group (NYSE: AFG) declared a special cash dividend of $2.00 per share, payable on August 2, 2021, to shareholders on record as of July 26, 2021. This one-time dividend totals approximately $170 million and supplements AFG’s regular quarterly dividend of $0.50 per share, scheduled for the same date. In the first half of 2021, AFG returned $1.58 billion to shareholders via dividends and stock repurchases, reflecting a robust financial position and commitment to returning capital.
American Financial Group (NYSE: AFG) will release its 2021 second quarter results on August 3, 2021, at 5:00 p.m. ET. The results will be accessible on AFG’s website. A conference call to discuss the results is scheduled for August 4, 2021, at 11:30 a.m. ET, with options to participate via telephone or internet. Replay options will be available after the call. AFG is based in Cincinnati, Ohio, and primarily focuses on property and casualty insurance through Great American Insurance Group.
American Financial Group, Inc. (NYSE: AFG) declared a $0.50 per share dividend, payable on July 26, 2021, to shareholders on record as of July 15, 2021. This dividend declaration reflects the company's commitment to returning value to shareholders. AFG is an insurance holding company based in Cincinnati, specializing in property and casualty insurance through its Great American Insurance Group.
American Financial Group (NYSE: AFG) has completed the sale of its annuity business, including Great American Life Insurance Company and its subsidiaries, to MassMutual for approximately $3.5 billion in after-tax cash proceeds. AFG declared a special cash dividend of $14.00 per share, totaling about $1.2 billion, payable on June 15, 2021. This is in addition to the regular quarterly dividend of $0.50 per share. The company’s Board of Directors also authorized a share repurchase of up to 5 million shares through 2025, underscoring its focus on the Specialty P&C market and commitment to returning capital to shareholders.
American Financial Group (NYSE: AFG) announced approval from the Ohio Department of Insurance for its sale of Annuity businesses to Massachusetts Mutual Life Insurance Company. The sale, which includes Great American Life Insurance Company and its subsidiaries, is set to close on May 28, 2021. AFG anticipates receiving after-tax cash proceeds of $3.4 billion from this transaction, marking a significant financial move for the company.
American Financial Group (NYSE: AFG) announced a special cash dividend of $12.00 to $14.00 per share, pending Board approval, following the $3.4 billion after-tax cash sale of its Annuity business to Massachusetts Mutual Life Insurance Company. The sale is anticipated to close in Q2 2021, which is expected to enhance shareholder value significantly.
American Financial Group (NYSE: AFG) announced a virtual investor forum hosted by Piper Sandler on June 8-9, 2021, featuring Co-CEOs Carl H. Lindner III and S. Craig Lindner, along with CFO Brian S. Hertzman. The investor materials will be available on AFG's Investor Relations page at www.AFGinc.com before the meetings. AFG, based in Cincinnati, Ohio, focuses on property and casualty insurance and annuities. The company is in the process of selling its annuity business to Massachusetts Mutual Life Insurance Company, with the sale expected to finalize in Q2 2021.