CINCINNATI–(Enterprise WIRE)–Dec 9, 2020–
American Money Team, Inc. (NYSE: AFG) introduced these days that it has declared a exclusive, one particular-time dollars dividend of $2.00 per share of American Economical Group Prevalent Stock. The dividend is payable on December 29, 2020 to holders of file on December 21, 2020. The mixture volume of the payment to be produced in connection with this distinctive dividend will be approximately $174 million.
This particular dividend is in addition to the Company’s regular quarterly hard cash dividend of $.50 per share that was final paid out on Oct 26, 2020.
AFG Co-CEOs Carl H. Lindner III and S. Craig Lindner said: “Returning excess capital to shareholders in the sort of this $2.00 particular dividend is an vital and efficient part of our cash management strategy it reflects AFG’s powerful financial position and our self-confidence in the Company’s economical long term. Following the payment of this distinctive dividend, our extra money remains at a degree which affords us the economical overall flexibility to improve our company organically and via acquisitions and start-ups that satisfy our goal return thresholds, and to make opportunistic repurchases of AFG’s inventory.”
American Financial Group is an insurance plan keeping enterprise, based in Cincinnati, Ohio with assets of close to $70 billion as of September 30, 2020. By means of the operations of Good American Insurance plan Team, AFG is engaged primarily in house and casualty insurance policy, focusing on specialised professional goods for companies, and in the sale of regular preset and indexed annuities in the retail, money institutions, broker-seller, and registered financial investment advisor marketplaces. Terrific American Insurance plan Group’s roots go again to 1872 with the founding of its flagship enterprise, Wonderful American Insurance coverage Business.
Ahead On the lookout Statements
This press launch includes selected statements that may perhaps be considered to be “forward-hunting statements” in just the which means of Area 27A of the Securities Act of 1933 and Part 21E of the Securities Trade Act of 1934. All statements in this press launch not dealing with historic outcomes are ahead-hunting and are based on estimates, assumptions and projections. Examples of such forward-wanting statements include things like statements relating to: the Company’s expectations concerning sector and other conditions and their impact on future premiums, revenues, earnings, expenditure actions and the volume and timing of share repurchases recoverability of asset values predicted losses and the adequacy of reserves for asbestos, environmental pollution and mass tort claims amount changes and improved decline encounter.
Genuine results and/or financial condition could vary materially from those people contained in or implied by these kinds of ahead-on the lookout statements for a range of factors which include, but not minimal to: improvements in financial, political and financial ailments, which include variations in curiosity and inflation prices, currency fluctuations and extended financial recessions or expansions in the U.S. and/or abroad functionality of securities marketplaces, including the price of fairness index options new laws or declines in credit history high quality or credit history ratings that could have a materials effect on the valuation of securities in AFG’s financial commitment portfolio the availability of money improvements in insurance plan regulation or regulation, together with adjustments in statutory accounting procedures and adjustments in regulation of the Lloyd’s industry, which include modifications to funds needs alterations in prices related with the exit from the Lloyd’s marketplace and the run-off of AFG’s Lloyd’s-dependent insurer, Neon the consequences of the COVID-19 outbreak, like the effects on the global and countrywide financial state and credit marketplaces, legislative or regulatory developments affecting the coverage industry, quarantines or other journey or well being-linked limits modifications in the authorized environment impacting AFG or its customers tax legislation and accounting modifications amounts of organic catastrophes and serious weather, terrorist functions (such as any nuclear, biological, chemical or radiological activities), incidents of war or losses ensuing from pandemics, civil unrest and other significant losses disruption caused by cyber-assaults or other engineering breaches or failures by AFG or its enterprise partners and support vendors, which could negatively impression AFG’s enterprise and/or expose AFG to litigation growth of insurance coverage reduction reserves and institution of other reserves, especially with regard to quantities involved with asbestos and environmental promises availability of reinsurance and capability of reinsurers to pay out their obligations trends in persistency and mortality aggressive pressures the ability to acquire satisfactory costs and plan conditions alterations in AFG’s credit score rankings or the financial strength rankings assigned by big ratings businesses to AFG’s operating subsidiaries the impact of the problems in the intercontinental economical markets and the international economic system relating to AFG’s worldwide functions and other factors discovered in AFG’s filings with the Securities and Trade Commission.
The forward-seeking statements herein are manufactured only as of the date of this push release. The Business assumes no obligation to publicly update any forward-wanting statements.
Look at supply version on businesswire.com:https://www.businesswire.com/news/home/20201209005997/en/
Get in touch with: Diane P. Weidner, IRC
Vice President – Trader & Media Relations
(513) 369-5713Internet websites:
Key phrase: UNITED STATES NORTH The united states OHIO
Business Key word: FINANCE BANKING Qualified Expert services OTHER Specialist Expert services Insurance
Source: American Money Team, Inc.
Copyright Organization Wire 2020.
PUB: 12/09/2020 04:45 PM/DISC: 12/09/2020 04:45 PM