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Stock Market & Financial Investment News

News Breaks
December 13, 2012
16:44 EDTAFGAmerican Financial Group reaffirms FY12 EPS $3.10-$3.30, consensus $3.29
American Financial Group released preliminary results of its periodic review of its closed block of long-term care insurance, including the impact of the previously announced external actuarial study. Preliminary results indicate the company will be required to record an after-tax charge of $80M-$100M, or 88c-$1.09 per diluted common share, to write off deferred acquisition costs and strengthen reserves on this block of business. This charge is primarily due to lower projected future investment rates resulting from the continued low interest rate environment and assumes no material change in the interest rate environment between now and when full year 2012 results are announced. This charge will be excluded from core net operating earnings.
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August 18, 2014
16:55 EDTAFGAmerican Financial Group raises annual dividend 14% to $1.00 per share
American Financial Group announced that its Board of Directors has approved an increase in the company’s regular annual dividend from 88c to $1.00 per share of common stock. The increased dividend, when declared, will be paid on a quarterly basis of 25c per share of common stock beginning in October. The new dividend rate represents a 14% increase over the annual rate paid thus far in 2014. The company has increased its dividend in each of the last nine years.

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