American Financial Group, Inc. Increases Annual Common Stock Dividend by 12%; Sixteenth consecutive year dividend increases
CINCINNATI, Aug. 20, 2021 – (BUSINESS WIRE) – American Financial Group, Inc. (NYSE: AFG) announced that its board of directors would increase the company’s regular annual dividend from $ 2.24 to $ 2.24 $ .00 per common share. The increased dividend, when announced, will be paid quarterly starting October 2021 at a dividend of $ 0.56 per common share for each of the past sixteen years.
S. Craig Lindner and Carl H. Lindner III, AFG Co-Chief Executive Officers, issued the following statement: “Returning excess capital to shareholders in the form of dividends is an important and effective part of AFG’s capital management strategy. This increase The annual dividend reflects our confidence in the company’s financial condition, liquidity and prospects for long-term growth. “
About American Financial Group, Inc.
American Financial Group is an insurance holding company based in Cincinnati, Ohio. Through the activities of the Great American Insurance Group, AFG is mainly active in property and casualty insurance and focuses on specialized commercial products for companies. The Great American Insurance Group’s roots date back to 1872 when its flagship company, the Great American Insurance Company, was founded.
This press release contains certain statements that may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements in this press release do not relate to historical results, are forward-looking and are based on estimates, assumptions and projections. Examples of such forward-looking statements include statements relating to: the company’s expectations regarding market and other conditions and their effects on future premiums, income, earnings, investing activities, and the amount and timing of share buybacks; Recoverability of assets; expected losses and adequacy of reserves for asbestos, environmental pollution and mass crime; Tariff changes; and improved claims experience.
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Actual results and / or financial condition could differ materially from those contained or implied in such forward-looking statements for various reasons, including, but not limited to: changes in financial, political and economic conditions, including changes in interest and inflation rates , Currency fluctuations and widespread economic recessions or expansion in the United States and / or abroad; Performance of the securities markets; new laws or deterioration in credit quality or credit rating that could have a material impact on the valuation of securities in AFG’s investment portfolio; the availability of capital; Changes in insurance law or regulations, including changes in statutory accounting regulations, including changes in capital requirements; the effects of the COVID-19 outbreak, including the effects on the international and domestic economies and credit markets, legal or regulatory developments affecting the insurance industry, quarantines or other travel or health-related restrictions; Changes in the legal environment that affect AFG or its customers; tax and accounting changes; Extent of natural disasters and storms, terrorist activities (including nuclear, biological, chemical or radiological events), incidents of war or losses as a result of pandemics, civil unrest and other major losses; Disruptions caused by cyber attacks or other technology breaches or failures of AFG or its business partners and service providers that could have a negative impact on AFG’s business and / or expose AFG to legal proceedings; Development of provisions for insurance claims and the formation of other provisions, in particular with regard to amounts in connection with asbestos and environmental damage; The availability of reinsurance and the ability of reinsurers to meet their obligations; Competitive pressure; the ability to receive reasonable rates and contractual terms; Changes in the credit ratings of AFG or the financial strength ratings given by important rating agencies to the operational subsidiaries of AFG; the effects of the conditions in the international financial markets and the world economy in relation to AFG’s international activities; and other factors identified in AFG’s filings with the Securities and Exchange Commission.
The forward-looking statements contained herein speak only as of the date of this press release. The company assumes no obligation to publicly update any forward-looking statements.
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Diane P. Weidner, IRC
Vice President – Investor & Media Relations