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 reported Q1 2021 net earnings of $419 million ($4.84 per share), a significant rebound from a $301 million loss in Q1 2020. The results reflect $213 million in after-tax non-core items. AFG's discontinued annuity operations contributed $152 million ($1.76 per share) to earnings. Core net operating earnings rose to $206 million ($2.38 per share) from $125 million in Q1 2020. The company's book value per share reached $78.53 with an impressive 29.9% annualized return on equity.
American Financial Group (NYSE: AFG) will release its 2021 Q1 results on May 4, 2021, post 5:00 p.m. ET, accessible on www.AFGinc.com. A conference call to discuss the results is scheduled for May 5, 2021, at 11:30 a.m. ET. Participants can join via telephone (1-877-459-8719) or the internet (link). An archived webcast will be available until May 12, 2021. AFG is an insurance holding company focused on specialized commercial insurance and annuity sales, recently announcing the sale of its annuity business to Massachusetts Mutual Life Insurance Company.
American Financial Group (NYSE: AFG) has declared a regular dividend of $0.50 per share for its common stock. This dividend is scheduled for payment on April 26, 2021, to shareholders on record as of April 15, 2021. AFG is primarily involved in property and casualty insurance and the sale of traditional fixed and fixed-indexed annuities. The company is in the process of selling its annuity business to Massachusetts Mutual Life Insurance Company, with the deal expected to close in Q2 2021.
On March 23, 2021, Envestnet (NYSE: ENV) and Fiduciary Exchange LLC (FIDx) announced a partnership with Great American Life Insurance Company. This collaboration allows Great American's annuity solutions to be accessible to financial advisors through multiple platforms, including Envestnet Insurance Exchange and FIDx's Protection Intelligence. This move enhances FIDx's product offerings, catering to the need for secure retirement solutions. The partnership reflects a trend toward integrating insurance products into holistic financial planning for clients.
American Financial Group (NYSE: AFG) announced participation in the 2021 AIFA Virtual Conference on March 2, 2021. Co-CEOs Carl H. Lindner III and S. Craig Lindner, along with CFO Brian S. Hertzman, will attend without a formal presentation. AFG will host virtual investor meetings, with relevant materials available on their Investor Relations page before the conference at www.AFGinc.com. American Financial Group, based in Cincinnati, focuses on property and casualty insurance and annuities through Great American Insurance Group.
American Financial Group (NYSE: AFG) announced participation in the 22nd Annual Credit Suisse Virtual Financial Services Forum on February 25, 2021. Co-CEOs Carl H. Lindner III and S. Craig Lindner, along with CFO Brian S. Hertzman, will engage in investor meetings, although no formal company presentation will occur. Investor materials will be available on their Investor Relations page prior to the conference. AFG focuses on property and casualty insurance as well as traditional annuities, operating through Great American Insurance Group since 1872.
American Financial Group (NYSE: AFG) reported a strong performance for Q4 2020 with net earnings of $692 million ($7.93 per share), up from $211 million ($2.31 per share) in Q4 2019. AFG's results included significant after-tax non-core gains of $423 million ($4.84 per share). Core net operating earnings increased to $269 million ($3.09 per share) compared to $203 million ($2.22 per share) the previous year, driven by improved underwriting profit in the Specialty P&C segment. The company also announced an exceptional Q4 combined ratio of 86.2%. AFG paid a special dividend of $2.00 per share during the quarter.
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.