American Finl Group Inc Ohio Stock Price, News & Analysis

Summit Consulting LLC, a leading workers' compensation insurance provider in the southeastern United States, has appointed Patrick Smyth as the new senior vice president of Finance and chief financial officer. Smyth, who has extensive experience in property and casualty insurance, previously held financial leadership roles at Liberty Mutual and PricewaterhouseCoopers. He replaces Dave Conway, who is retiring in March 2022 after a long tenure at Summit. Smyth holds a finance degree from Boston College and an MBA from Boston University.

American Financial Group (NYSE: AFG) will announce its 2021 fourth quarter and full year results on February 9, 2022, at 5:00 p.m. ET. The results will be accessible on AFG’s website. A conference call is scheduled for February 10, 2022, at 11:30 a.m. ET to discuss the financial outcomes. Participants can join by phone or via the internet with options provided for both. A replay will be available until February 17, 2022.

American Financial Group (NYSE: AFG) has acquired Verikai, Inc., a machine learning and AI company specializing in insurance risk assessment, for approximately $120 million in cash. Effective December 2021, Verikai will operate independently under the leadership of its CEO, Jeff Chen. AFG's Co-CEO, Carl H. Lindner III, expressed confidence in Verikai's potential to enhance AFG's offerings, particularly in the medical stop-loss insurance sector. Verikai's innovative risk assessment tools aim to optimize underwriting efficiency and broaden access to insurance products.

American Financial Group (NYSE: AFG) announces the retirement of David P. Faeth, Assistant Vice President, effective May 2022, after 36 years with the company. Faeth started in AFG’s Tax Department in 1985, later moving to the annuity business and then to Corporate Development. He was a key figure in Enterprise Risk Management and Sarbanes-Oxley compliance. Faeth holds a Bachelor's in Accounting and an MBA, and is a Certified Public Accountant in Ohio. The company focuses on specialized commercial property and casualty insurance through the Great American Insurance Group.

American Financial Group (NYSE: AFG) has declared a regular dividend of $0.56 per share, payable on January 25, 2022, to shareholders on record as of January 14, 2022. This move reflects the company's ongoing commitment to returning value to its shareholders. AFG primarily operates in the property and casualty insurance sector through its subsidiary Great American Insurance Group.

American Financial Group (NYSE: AFG) declared a special one-time cash dividend of $2.00 per share, payable on December 30, 2021, to shareholders of record as of December 24, 2021. This payment will total approximately $170 million. This special dividend complements the regular quarterly cash dividend of $0.56 per share, which was last paid on October 25, 2021. In total, AFG has declared $26.00 per share in special dividends for 2021, demonstrating strong financial health and confidence in future growth.

American Financial Group, Inc. (NYSE: AFG) announces a virtual investor forum hosted by Wolfe Research on December 14, 2021. Co-CEOs Carl H. Lindner III and S. Craig Lindner, CFO Brian S. Hertzman, and Executive VP Anthony J. Mercurio from Great American Insurance Group will participate. Although there will be no company presentation, investor materials will be available on AFG’s Investor Relations website prior to the conference. American Financial Group, based in Cincinnati, specializes in property and casualty insurance through its Great American Insurance Group.

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 Morgan Stanley Virtual Insurance Corporate Access Day on November 22, 2021. There will be no formal presentation, but several investor meetings will take place. Relevant investor materials will be available on AFG's Investor Relations page prior to the event. AFG specializes in property and casualty insurance through the Great American Insurance Group, which has historic roots dating back to 1872.

American Financial Group (NYSE: AFG) has announced the appointment of Amy Y. Murray to its Board of Directors, bringing over 35 years of leadership experience in both corporate and governmental sectors. She previously led Asian business development for Procter & Gamble (NYSE: PG) and has held significant roles in local and federal government. Additionally, Virginia C. Drosos will step down from the board in December 2021 to pursue another opportunity. AFG's co-CEOs expressed confidence in Murray’s abilities to contribute positively to the company’s future.