American Fiscal Group, Inc. Declares Distinctive Dividend
American Economical Group, Inc. (NYSE: AFG) declared now that it has declared a distinctive, a person-time money dividend of $2.00 per share of American Economic Group Widespread Inventory. The dividend is payable on December 29, 2020 to holders of file on December 21, 2020. The combination volume of the payment to be manufactured in connection with this exclusive dividend will be somewhere around $174 million.
This particular dividend is in addition to the Company’s standard quarterly funds dividend of $.50 per share that was last paid out on October 26, 2020.
AFG Co-CEOs Carl H. Lindner III and S. Craig Lindner stated: “Returning extra cash to shareholders in the type of this $2.00 distinctive dividend is an crucial and successful component of our cash administration tactic it demonstrates AFG’s solid fiscal posture and our confidence in the Company’s financial upcoming. Subsequent the payment of this special dividend, our extra funds continues to be at a degree which affords us the economical versatility to mature our small business organically and via acquisitions and begin-ups that satisfy our goal return thresholds, and to make opportunistic repurchases of AFG’s stock.”
American Financial Group is an insurance policy keeping corporation, based mostly in Cincinnati, Ohio with belongings of roughly $70 billion as of September 30, 2020. By means of the functions of Fantastic American Coverage Team, AFG is engaged mainly in home and casualty insurance, concentrating on specialised professional goods for businesses, and in the sale of common set and indexed annuities in the retail, economic institutions, broker-dealer, and registered investment advisor markets. Wonderful American Insurance policy Group’s roots go back to 1872 with the founding of its flagship corporation, Fantastic American Insurance Firm.
Ahead On the lookout Statements
This press release incorporates selected statements that may possibly be considered to be “forward-wanting statements” in just the indicating of Section 27A of the Securities Act of 1933 and Segment 21E of the Securities Trade Act of 1934. All statements in this push release not working with historic effects are ahead-looking and are based mostly on estimates, assumptions and projections. Examples of such forward-searching statements incorporate statements relating to: the Firm’s expectations concerning sector and other circumstances and their result on potential premiums, revenues, earnings, investment pursuits and the amount of money and timing of share repurchases recoverability of asset values envisioned losses and the adequacy of reserves for asbestos, environmental air pollution and mass tort claims level alterations and improved decline working experience.
Genuine results and/or money problem could vary materially from those contained in or implied by such ahead-hunting statements for a wide range of factors including, but not confined to: alterations in economical, political and economic circumstances, together with improvements in interest and inflation fees, currency fluctuations and extended financial recessions or expansions in the U.S. and/or overseas overall performance of securities markets, together with the charge of equity index options new legislation or declines in credit rating quality or credit rating ratings that could have a content affect on the valuation of securities in AFG’s expenditure portfolio the availability of funds alterations in insurance policies law or regulation, which includes modifications in statutory accounting rules and changes in regulation of the Lloyd’s sector, which include modifications to funds necessities changes in expenditures related with the exit from the Lloyd’s market and the run-off of AFG’s Lloyd’s-primarily based insurer, Neon the results of the COVID-19 outbreak, which include the results on the global and countrywide economic climate and credit history marketplaces, legislative or regulatory developments influencing the insurance coverage field, quarantines or other journey or wellness-linked limits changes in the legal surroundings influencing AFG or its consumers tax legislation and accounting improvements amounts of normal catastrophes and serious temperature, terrorist actions (including any nuclear, organic, chemical or radiological functions), incidents of war or losses resulting from pandemics, civil unrest and other key losses disruption brought on by cyber-attacks or other technologies breaches or failures by AFG or its business partners and provider companies, which could negatively effects AFG’s business and/or expose AFG to litigation growth of insurance plan loss reserves and institution of other reserves, particularly with respect to quantities connected with asbestos and environmental claims availability of reinsurance and potential of reinsurers to pay out their obligations trends in persistency and mortality aggressive pressures the means to obtain adequate prices and coverage conditions changes in AFG’s credit rating ratings or the financial strength rankings assigned by big rankings organizations to AFG’s working subsidiaries the affect of the problems in the intercontinental financial marketplaces and the world-wide overall economy relating to AFG’s international operations and other aspects determined in AFG’s filings with the Securities and Exchange Fee.
The forward-on the lookout statements herein are built only as of the date of this push release. The Business assumes no obligation to publicly update any ahead-searching statements.
Diane P. Weidner, IRC
Vice President – Investor & Media Relations
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