American Financial Group, Inc. Declares Special Dividend
06 11월 2018 - 6:37AM
Business Wire
American Financial Group, Inc. (NYSE: AFG) announced today that
it has declared a special, one-time cash dividend of $1.50 per
share of American Financial Group Common Stock. The dividend is
payable on November 26, 2018 to holders of record on November 16,
2018. The aggregate amount of the payment to be made in connection
with this special dividend will be approximately $134 million.
This special dividend is in addition to the Company’s regular
quarterly cash dividend of $0.40 per share that was last paid on
October 25, 2018.
AFG Co-CEOs S. Craig Lindner and Carl H. Lindner III stated:
“Returning capital to shareholders in the form of this $1.50
special dividend reflects AFG’s strong financial position and our
confidence in the Company’s financial future. Our excess capital
remains at a level which affords us the financial flexibility to
grow our business organically and opportunistically.”
About American Financial
Group, Inc.
American Financial Group is an insurance holding company, based
in Cincinnati, Ohio with assets of approximately $64 billion.
Through the operations of Great American Insurance Group, AFG is
engaged primarily in property and casualty insurance, focusing on
specialized commercial products for businesses, and in the sale of
traditional fixed, fixed-indexed and variable-indexed annuities in
the retail, financial institutions, broker-dealer and registered
investment advisor markets. Great American Insurance Group’s roots
go back to 1872 with the founding of its flagship company, Great
American Insurance Company.
Forward Looking
Statements
This press release contains certain statements that may be
deemed to be "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 not dealing with 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 concerning market and other conditions and
their effect on future premiums, revenues, earnings, investment
activities and the amount and timing of share repurchases;
recoverability of asset values; expected losses and the adequacy of
reserves for asbestos, environmental pollution and mass tort
claims; rate changes; and improved loss experience.
Actual results and/or financial condition could differ
materially from those contained in or implied by such
forward-looking statements for a variety of reasons including, but
not limited to: changes in financial, political and economic
conditions, including changes in interest and inflation rates,
currency fluctuations and extended economic recessions or
expansions in the U.S. and/or abroad; performance of securities
markets, including the cost of equity index options; new
legislation or declines in credit quality or credit ratings that
could have a material impact on the valuation of securities in
AFG’s investment portfolio; the availability of capital; regulatory
actions (including changes in statutory accounting rules); changes
in the legal environment affecting AFG or its customers; tax law
and accounting changes, including the impact of recent changes in
U.S. corporate tax law; levels of natural catastrophes and severe
weather, terrorist activities (including any nuclear, biological,
chemical or radiological events), incidents of war or losses
resulting from civil unrest and other major losses; disruption
caused by cyber-attacks or other technology breaches or failures by
AFG or its business partners and service providers, which could
negatively impact AFG’s business and/or expose AFG to litigation;
development of insurance loss reserves and establishment of other
reserves, particularly with respect to amounts associated with
asbestos and environmental claims; availability of reinsurance and
ability of reinsurers to pay their obligations; trends in
persistency and mortality; competitive pressures; the ability to
obtain adequate rates and policy terms; changes in AFG’s credit
ratings or the financial strength ratings assigned by major ratings
agencies to AFG’s operating subsidiaries; the impact of the
conditions in the international financial markets and the global
economy (including those associated with the United Kingdom's
expected withdrawal from the European Union, or "Brexit") relating
to AFG’s international operations; and other factors identified in
AFG’s filings with the Securities and Exchange Commission.
The forward-looking statements herein are made 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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version on businesswire.com: https://www.businesswire.com/news/home/20181105005972/en/
American Financial Group, Inc.Diane P. Weidner, IRC,
513-369-5713Assistant Vice President – Investor
RelationsorWebsites:www.AFGinc.comwww.GreatAmericanInsuranceGroup.com
American Financial (NYSE:AFG)
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American Financial (NYSE:AFG)
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