June 15, 2024


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American Fiscal Team, Inc. Declares Exclusive Dividend

American Money Team, Inc. Declares Exclusive Dividend

American Economical Team, Inc. (NYSE: AFG) declared currently that it has declared a special, a single-time money dividend of $2.00 per share of American Economic Team Typical Inventory. The dividend is payable on December 29, 2020 to holders of history on December 21, 2020. The aggregate quantity of the payment to be built in relationship with this distinctive dividend will be approximately $174 million.

This particular dividend is in addition to the Company’s standard quarterly hard cash dividend of $.50 per share that was past paid on October 26, 2020.

AFG Co-CEOs Carl H. Lindner III and S. Craig Lindner said: “Returning excess money to shareholders in the variety of this $2.00 particular dividend is an essential and helpful component of our cash administration approach it demonstrates AFG’s sturdy money place and our confidence in the Company’s money foreseeable future. Adhering to the payment of this special dividend, our surplus money stays at a amount which affords us the financial flexibility to expand our business enterprise organically and by acquisitions and start out-ups that meet up with our target return thresholds, and to make opportunistic repurchases of AFG’s stock.”

About American Fiscal Team, Inc.

American Fiscal Team is an insurance keeping firm, based mostly in Cincinnati, Ohio with property of approximately $70 billion as of September 30, 2020. Via the functions of Excellent American Insurance coverage Group, AFG is engaged mainly in residence and casualty insurance plan, concentrating on specialised professional merchandise for businesses, and in the sale of conventional preset and indexed annuities in the retail, economic institutions, broker-dealer, and registered financial commitment advisor marketplaces. Excellent American Coverage Group’s roots go back again to 1872 with the founding of its flagship firm, Great American Insurance coverage Firm.

Ahead Searching Statements

This push release contains sure statements that might be considered to be “ahead-seeking statements” within the which means of Portion 27A of the Securities Act of 1933 and Part 21E of the Securities Trade Act of 1934. All statements in this push launch not dealing with historical outcomes are ahead-on the lookout and are centered on estimates, assumptions and projections. Examples of these ahead-on the lookout statements involve statements relating to: the Company’s expectations concerning market place and other ailments and their outcome on potential premiums, revenues, earnings, expense things to do and the total and timing of share repurchases recoverability of asset values anticipated losses and the adequacy of reserves for asbestos, environmental air pollution and mass tort claims level improvements and enhanced decline working experience.

Genuine outcomes and/or fiscal issue could differ materially from those contained in or implied by such forward-looking statements for a assortment of factors such as, but not restricted to: adjustments in fiscal, political and economic ailments, which includes changes in curiosity and inflation charges, forex fluctuations and prolonged economic recessions or expansions in the U.S. and/or overseas effectiveness of securities marketplaces, including the price of equity index solutions new laws or declines in credit rating top quality or credit score scores that could have a materials affect on the valuation of securities in AFG’s expense portfolio the availability of funds variations in insurance coverage legislation or regulation, which includes modifications in statutory accounting policies and adjustments in regulation of the Lloyd’s marketplace, including modifications to cash prerequisites modifications in expenditures involved with the exit from the Lloyd’s marketplace and the operate-off of AFG’s Lloyd’s-based insurance provider, Neon the effects of the COVID-19 outbreak, which include the outcomes on the worldwide and countrywide economic system and credit marketplaces, legislative or regulatory developments impacting the insurance sector, quarantines or other vacation or wellbeing-connected limitations improvements in the authorized atmosphere affecting AFG or its clients tax regulation and accounting adjustments levels of all-natural catastrophes and serious temperature, terrorist actions (including any nuclear, biological, chemical or radiological events), incidents of war or losses ensuing from pandemics, civil unrest and other significant losses disruption caused by cyber-attacks or other technological know-how breaches or failures by AFG or its business enterprise associates and services suppliers, which could negatively impact AFG’s business and/or expose AFG to litigation development of insurance coverage loss reserves and institution of other reserves, specifically with respect to quantities involved with asbestos and environmental statements availability of reinsurance and potential of reinsurers to shell out their obligations tendencies in persistency and mortality competitive pressures the capacity to get enough costs and policy phrases adjustments in AFG’s credit rating scores or the fiscal energy scores assigned by big rankings companies to AFG’s running subsidiaries the influence of the conditions in the global financial marketplaces and the international financial system relating to AFG’s global operations and other things determined in AFG’s filings with the Securities and Trade Fee.

The ahead-on the lookout statements herein are made only as of the date of this press launch. The Firm assumes no obligation to publicly update any forward-hunting statements.

Diane P. Weidner, IRC

Vice President – Trader & Media Relations

(513) 369-5713




Watch resource edition on businesswire.com: https://www.businesswire.com/information/house/20201209005997/en/