Last $59.29 USD
Change Today +0.07 / 0.12%
Volume 117.4K
AFG On Other Exchanges
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As of 3:32 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

american financial group inc (AFG) Key Developments

American Financial Group, Inc. Approves Regular Annual Dividend

American Financial Group Inc. announced that its Board of Directors has approved an increase in the company's regular annual dividend from $0.88 to $1.00 per share of common stock. The increased dividend, when declared, will be paid on a quarterly basis of $0.25 per share of common stock beginning in October 2014. The new dividend rate represents a 14% increase over the annual rate paid thus far in 2014.

American Financial Group Inc. Presents at Keefe, Bruyette, & Woods, Inc.'s Annual Insurance Conference, Sep-03-2014 02:55 PM

American Financial Group Inc. Presents at Keefe, Bruyette, & Woods, Inc.'s Annual Insurance Conference, Sep-03-2014 02:55 PM. Venue: The Crowne Plaza Times Square, 1605 Broadway, New York, New York, United States. Speakers: Carl H. Lindner, Co-Chief Executive Officer, Co-President, Director, Chairman of Great American Insurance Company and Director of American Financial Corporation, Joseph E. Consolino, Chief Financial Officer, Principal Accounting Officer, Executive Vice President and Director, S. Craig Lindner, Co-Chief Executive Officer, Co-President, Director, President of Great American Financial Resources Inc, Director of American Money Management Corporation, Director of American Financial Corporation and Director of Great American Financial Resources Inc.

American Financial Group Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014

American Financial Group Inc. announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net earnings attributable to shareholders of $106 million, $1.15 per diluted share compared to $110 million, $1.20 per diluted share a year ago. Total revenues were $1,392 million against $1,139 million a year ago. Earnings before income taxes were $130 million against $126 million a year ago. Gross written premiums were $1,291 million against $1,041 million a year ago. Net written premiums were $998 million against $749 million a year ago. Core operating earnings before income taxes were $142 million against $123 million a year ago. Core net operating earnings were $99 million, $1.07 per share compared to $87 million, $0.96 per share a year ago. Annualized core operating return on equity was 9.6% for the 2014 second quarter compared to 9.2% for the second quarter of 2013. For the six months, the company reported net earnings attributable to shareholders of $209 million, $2.28 per diluted share compared to $230 million, $2.52 per diluted share a year ago. Total revenues were $2,603 million against $2,287 million a year ago. Earnings before income taxes were $291 million against $301 million a year ago. Gross written premiums were $2,315 million against $1,966 million a year ago. Net written premiums were $1,753 million against $1,453 million a year ago. Core operating earnings before income taxes were $280 million against $249 million a year ago. Core net operating earnings were $190 million, $2.07 per share compared to $171 million, $1.88 per share a year ago. Annualized return on equity was 10.3% and 11.5% for the second quarters of 2014 and 2013, respectively. Book value per share, excluding appropriated retained earnings and unrealized gains on fixed maturities, increased by $1.16 to $47.95 per share during the second quarter of 2014. The company continues to expect core net operating earnings in 2014 to be between $4.50 and $4.90 per share. The company continues to expect net written premium growth for the full year of 2014 to be between 17% and 21%. The company now expects that premiums for the full year of 2014 will be 5% to 10% lower than the $4 billion achieved for the full year in 2013. The company expected 2014 results exclude non-core items such as realized investment gains and losses, as well as other significant items that may not be indicative of ongoing operations.

American Financial Group Inc. to Report Q2, 2014 Results on Jul 28, 2014

American Financial Group Inc. announced that they will report Q2, 2014 results at 5:00 PM, US Eastern Standard Time on Jul 28, 2014

American Financial Group Inc., Q2 2014 Earnings Call, Jul 29, 2014

American Financial Group Inc., Q2 2014 Earnings Call, Jul 29, 2014

 

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AFG

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Valuation AFG Industry Range
Price/Earnings 12.0x
Price/Sales 1.0x
Price/Book 1.1x
Price/Cash Flow 11.7x
TEV/Sales 0.3x
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