American Finl Group Inc Ohio Stock Price, News & Analysis

AM Best has affirmed American Financial Group's (AFG) Long-Term Issuer Credit Ratings (ICR) at 'aa-' and Financial Strength Rating (FSR) at A+ (Superior). The outlook remains stable. The ratings reflect strong balance sheet strength, operating performance, and risk management. AFG's subsidiaries, including Great American Insurance Company, also received similar ratings. Notably, Great American's strong capital adequacy and performance were highlighted, although a high dividend payout ratio to the parent company was noted as a downside. Overall, AFG maintains a robust financial position in the insurance sector.

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 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.