Announcement • Aug 21
American Financial Group, Inc. Increases Annual Common Stock Dividend American Financial Group, Inc. announced that its Board of Directors approved an increase in the Company’s regular annual dividend to $3.88 from $3.52 per share of common stock. The increased dividend, when declared, will be paid on a quarterly basis of $0.97 per share of common stock beginning in October 2026. The new dividend rate is a 10.2% increase over the declared rate. This is the Company’s twenty-first consecutive year of dividend increases. The ten-year compound annual growth rate in AFG’s regular annual dividends paid is 12.1%. New Risk • Aug 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.05% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.05% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (€1.6m sold). Reported Earnings • Aug 05
Second quarter 2026 earnings released: EPS: US$2.99 (vs US$2.08 in 2Q 2025) Second quarter 2026 results: EPS: US$2.99 (up from US$2.08 in 2Q 2025). Revenue: US$1.97b (up 5.5% from 2Q 2025). Net income: US$248.0m (up 43% from 2Q 2025). Profit margin: 13% (up from 9.3% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 5.1%. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Announcement • Jul 15
American Financial Group, Inc. to Report Q2, 2026 Results on Aug 04, 2026 American Financial Group, Inc. announced that they will report Q2, 2026 results at 5:00 PM, US Eastern Standard Time on Aug 04, 2026 Declared Dividend • Jul 06
Dividend of US$0.88 announced Shareholders will receive a dividend of US$0.88. Ex-date: 15th July 2026 Payment date: 24th July 2026 Dividend yield will be 4.9%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 02
American Financial Group, Inc. announces Quarterly dividend, payable on July 24, 2026 American Financial Group, Inc. announced Quarterly dividend of USD 0.8800 per share payable on July 24, 2026, ex-date on July 15, 2026 and record date on July 15, 2026. Recent Insider Transactions • Jul 01
Board Member recently sold €1.3m worth of stock On the 23rd of June, David Thompson sold around 11k shares on-market at roughly €119 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.3m more than they bought in the last 12 months. Announcement • May 14
American Financial Group, Inc. Announces Controller Changes American Financial Group, Inc. announced the promotion of Andrea I. Raible to Controller. Ms. Raible succeeds Robert (Bob) A. Dee, who will retire in June 2026 after 41 years of service to the company. Ms. Raible joined AFG in 2005 and has held positions of increasing responsibility within the company’s finance and accounting areas. In her new role, she will oversee accounting policies and procedures in accordance with Generally Accepted Accounting Principles (GAAP) and other applicable regulations, as well as financial reporting to the Securities and Exchange Commission (SEC). Ms. Raible earned a bachelor’s degree in accounting from the University of Cincinnati and is a Certified Public Accountant (CPA) in the state of Kentucky. Announcement • Apr 09
American Financial Group, Inc. to Report Q1, 2026 Results on Apr 29, 2026 American Financial Group, Inc. announced that they will report Q1, 2026 results at 5:00 PM, US Eastern Standard Time on Apr 29, 2026 Announcement • Apr 06
American Financial Group, Inc., Annual General Meeting, May 20, 2026 American Financial Group, Inc., Annual General Meeting, May 20, 2026. Announcement • Apr 02
American Financial Group, Inc. Declares A Quarterly Regular Dividend on Common Stock, Payable on April 24, 2026 American Financial Group, Inc. announced that it has declared a quarterly regular dividend of $0.88 per share of American Financial Group Common Stock. The dividend is payable on April 24, 2026, to holders of record on April 15, 2026. Announcement • Feb 04
American Financial Group, Inc. Declares Special Dividend, Payable on February 25, 2026 American Financial Group, Inc. announced that its Board of Directors has declared a special cash dividend of $1.50 per share of American Financial Group common stock. The dividend is payable on February 25, 2026, to shareholders of record on February 16, 2026. Announcement • Jan 14
American Financial Group, Inc. to Report Q4, 2025 Results on Feb 03, 2026 American Financial Group, Inc. announced that they will report Q4, 2025 results at 5:00 PM, US Eastern Standard Time on Feb 03, 2026 Announcement • Jan 02
American Financial Group, Inc. Declares Regular Quarterly Dividend on its Common Stock, Payable on January 27, 2026 American Financial Group, Inc. announced that it has declared a regular dividend of $0.88 per share of its Common Stock. The dividend is payable on January 27, 2026, to holders of record on January 15, 2026. Announcement • Nov 05
American Financial Group, Inc. Declares Special Cash Dividend, Payable on November 26, 2025 American Financial Group, Inc. announced that its Board of Directors has declared a special cash dividend of $2.00 per share of American Financial Group common stock. The dividend is payable on November 26, 2025, to shareholders of record on November 17, 2025. The aggregate amount of this special dividend will be approximately $167 million. Announcement • Oct 15
American Financial Group, Inc. to Report Q3, 2025 Results on Nov 04, 2025 American Financial Group, Inc. announced that they will report Q3, 2025 results at 5:00 PM, US Eastern Standard Time on Nov 04, 2025 Announcement • Oct 01
American Financial Group, Inc. Declares Quarterly Dividend, Payable on October 24, 2025 American Financial Group, Inc. announced that it has declared a regular dividend of $0.88 per share of American Financial Group Common Stock. The dividend is payable on October 24, 2025, to holders of record on October 15, 2025. This dividend reflects a previously announced 10% increase over the annual rate in effect since the fourth quarter of 2024. Announcement • Aug 20
American Financial Group, Inc. Increases Annual Common Stock Dividend by 10% American Financial Group, Inc. announced that its Board of Directors approved an increase in the Company’s regular annual dividend to $3.52 from $3.20 per share of common stock. The increased dividend, when declared, will be paid on a quarterly basis of $0.88 per share of common stock beginning in October 2025. The new dividend rate is a 10% increase over the declared rate. This is the Company’s twentieth consecutive year of dividend increases. The ten-year compound annual growth rate in AFG’s regular annual dividends paid is 12.3%. Announcement • Jul 15
American Financial Group, Inc. to Report Q2, 2025 Results on Aug 05, 2025 American Financial Group, Inc. announced that they will report Q2, 2025 results at 5:00 PM, US Eastern Standard Time on Aug 05, 2025 Announcement • Jul 02
American Financial Group, Inc. Declares Quarterly Dividend, Payable on July 25, 2025 American Financial Group, Inc. announced that it has declared a regular dividend of $0.80 per share of American Financial Group Common Stock. The dividend is payable on July 25, 2025, to holders of record on July 15, 2025. Announcement • Apr 16
American Financial Group, Inc. to Report Q1, 2025 Results on May 06, 2025 American Financial Group, Inc. announced that they will report Q1, 2025 results on May 06, 2025 Announcement • Apr 07
American Financial Group, Inc., Annual General Meeting, May 22, 2025 American Financial Group, Inc., Annual General Meeting, May 22, 2025. Announcement • Apr 02
An undisclosed buyer agreed to acquire Charleston Harbor Resort & Marina from American Financial Group, Inc. (NYSE:AFG). An undisclosed buyer agreed to acquire Charleston Harbor Resort & Marina from American Financial Group, Inc. (NYSE:AFG) on March 31, 2025. AFG currently expects to recognize a net, after-tax gain of approximately $100 million ($1.20 per share) on the sale.
The transaction is subject to consummation of due diligence investigation. The transaction is expected to close in the second or third quarter of 2025. Announcement • Apr 01
American Financial Group, Inc. Declares Quarterly Dividend, Payable on April 25, 2025 American Financial Group, Inc. announced that it has declared a regular dividend of $0.80 per share of American Financial Group Common Stock. The dividend is payable on April 25, 2025, to holders of record on April 15, 2025. Announcement • Feb 28
American Financial Group, Inc. Announces Special Dividend, Payable on March 28, 2025 American Financial Group, Inc. announced that its Board of Directors has declared a special cash dividend of $2.00 per share of American Financial Group common stock. The dividend is payable on March 28, 2025, to shareholders of record on March 17, 2025. The aggregate amount of this special dividend will be approximately $170 million. Announcement • Feb 20
American Financial Group, Inc. Announces Changes to Its Board of Directors American Financial Group, Inc. announced that its Board of Directors has elected Craig Lindner Jr. and David L. Thompson Jr. as Directors. In addition, James E. Evans has notified the Board that he will not stand for reelection at the 2025 Annual Meeting of Shareholders but will continue to advise the Company as Executive Consultant, a role he has held since his transition from a senior officer and employee of the Company in 2014. Mr. Evans will continue to serve through the remainder of his current term. Mr. Lindner currently serves as the Divisional President of AFG Real Estate Investments, a position he has held since 2017. In this role, he manages the Company’s portfolio of apartments, resort and marina properties and other commercial real estate, in addition to its extensive portfolio of commercial mortgages. Mr. Lindner joined AFG in 2002. Over the course of a 20-year career in real estate investing and the insurance industry, he has played a key role in overseeing the management and operations of the Company’s investments in real estate equity and debt. During much of this time, he also served as a member of the executive team of AFG’s Annuity Group until the time of its sale in 2021. Mr. Lindner earned a Bachelor of Science in Finance and Accounting from Palm Beach Atlantic University. He served on the Board of Directors of Cranemere, a long-term industrial holding company, from 2017-2020. Mr. Thompson currently serves as Chairman of the Board, President and Chief Operating Officer of Great American Insurance Company, AFG’s flagship property and casualty insurance company. Since joining Great American in 2006, he has served in various senior management capacities and has had direct executive oversight of many of Great American’s specialty property and casualty businesses, as well as its corporate reinsurance operations, the Company’s wholly owned retail agency, Dempsey & Siders, and was instrumental in the formation of its Predictive Analytics function. Raised in a multi-lingual, international household, Mr. Thompson spent his formative years in Poland, Germany, Switzerland, Hungary and Russia before returning to the United States and earning a Bachelor of Arts in International Relations and Economics from Wheaton College. Mr. Thompson serves on the Board of Directors of the American Property Casualty Insurance Association (APCIA). Announcement • Feb 05
American Financial Group, Inc. Provides Earnings Guidance for the Year 2025 American Financial Group, Inc. provided earnings guidance for the year 2025. While AFG does not provide earnings guidance, for 2025 The company expects that performance in line with the assumptions underlying the company's 2025 business plan would result in core operating earnings per share of approximately $10.50 and generate a very strong core operating return on equity excluding AOCI of approximately 18%. These assumptions include 5% growth in net written premiums compared to 2024, a 92.5% calendar year combined ratio, a reinvestment rate of approximately 5.75%, and a return of approximately 8% on the company's $2.7 billion portfolio of alternative investments. Announcement • Jan 18
Brand Engineering Network Inc. Files Lawsuit Against AFG Companies, Inc Brand Engagement Network Inc. announced the termination of its Exclusive Reseller Agreement (the “Agreement”) with AFG Companies, Inc. (“AFG”) and the filing of a lawsuit in the Northern District of Texas, Dallas Division, against AFG and its CEO, Ralph Wright Brewer III. The lawsuit alleges fraudulent misrepresentation, breach of contract, and the concealment of a ransomware attack on their network shortly before the agreement was executed. The Agreement, signed in August 2023, was intended to expedite BEN’s entry into the automotive market. However, AFG’s failure to provide access to the agreed-upon operational-ready data platform hindered BEN’s ability to deliver its AI solutions to dealerships. BEN believes these issues caused significant delays in key automotive initiatives and irreparably damaged trust in the partnership. Announcement • Jan 15
American Financial Group, Inc. to Report Q4, 2024 Results on Feb 04, 2025 American Financial Group, Inc. announced that they will report Q4, 2024 results on Feb 04, 2025 Announcement • Jan 02
American Financial Group, Inc. Declares Quarterly Dividend, Payable on January 24, 2025 American Financial Group, Inc. announced that it has declared a regular dividend of $0.80 per share of American Financial Group Common Stock. The dividend is payable on January 24, 2025, to holders of record on January 14, 2025. Declared Dividend • Nov 11
Dividend of US$4.00 announced Shareholders will receive a dividend of US$4.00. Ex-date: 15th November 2024 Payment date: 26th November 2024 Dividend yield will be 7.0%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: US$2.16 (vs US$2.09 in 3Q 2023) Third quarter 2024 results: EPS: US$2.16 (up from US$2.09 in 3Q 2023). Revenue: US$2.28b (up 11% from 3Q 2023). Net income: US$181.0m (up 2.3% from 3Q 2023). Profit margin: 7.9% (down from 8.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Nov 06
American Financial Group, Inc. Declares Special Dividend, Payable on November 26, 2024 American Financial Group, Inc. announced that its Board of Directors has declared a special cash dividend of $4.00 per share of American Financial Group common stock. The dividend is payable on November 26, 2024, to shareholders of record on November 15, 2024. Announcement • Oct 16
American Financial Group, Inc. to Report Q3, 2024 Results on Nov 05, 2024 American Financial Group, Inc. announced that they will report Q3, 2024 results at 5:00 PM, Eastern Standard Time on Nov 05, 2024 Declared Dividend • Oct 03
Dividend of US$0.80 announced Shareholders will receive a dividend of US$0.80. Ex-date: 15th October 2024 Payment date: 25th October 2024 Dividend yield will be 5.4%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 02
American Financial Group, Inc. Declares Quarterly Dividend, Payable on October 25, 2024 American Financial Group, Inc. announced that it has declared a regular dividend of $0.80 per share of American Financial Group Common Stock. The dividend is payable on October 25, 2024, to holders of record on October 15, 2024. This dividend reflects a previously announced 12.7% increase over the annual rate in effect since the fourth quarter of 2023. Announcement • Aug 21
American Financial Group, Inc. Increases Annual Common Stock Dividend American Financial Group, Inc. announced that its Board of Directors approved an increase in the Company’s regular annual dividend to $3.20 from $2.84 per share of common stock. The increased dividend, when declared, will be paid on a quarterly basis of $0.80 per share of common stock beginning in October 2024. The new dividend rate is a 12.7% increase over the declared rate. This is the Company’s nineteenth consecutive year of dividend increases. The ten-year compound annual growth rate in AFG’s regular annual dividends paid is 12.4%. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: US$2.49 (vs US$2.35 in 2Q 2023) Second quarter 2024 results: EPS: US$2.49 (up from US$2.35 in 2Q 2023). Revenue: US$1.81b (up 4.2% from 2Q 2023). Net income: US$209.0m (up 4.5% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 5.3% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat. Announcement • Jul 17
American Financial Group, Inc. to Report Q2, 2024 Results on Aug 06, 2024 American Financial Group, Inc. announced that they will report Q2, 2024 results at 5:00 PM, US Eastern Standard Time on Aug 06, 2024 Declared Dividend • Jul 08
Dividend of US$0.71 announced Shareholders will receive a dividend of US$0.71. Ex-date: 15th July 2024 Payment date: 25th July 2024 Dividend yield will be 5.7%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 01
American Financial Group, Inc. Declares Quarterly Dividend, Payable on July 25, 2024 American Financial Group, Inc. announced that it has declared a regular dividend of $0.71 per share of American Financial Group Common Stock. The dividend is payable on July 25, 2024, to holders of record on July 15, 2024. Announcement • Jun 27
American Financial Group, Inc. Promotes JD Rogers to Vice President and Chief Information Security Officer American Financial Group, Inc. announced the promotion of JD Rogers to Vice President & Chief Information Security Officer. Mr. Rogers joined the Company in 2008 and has served as the leader of the company’s Enterprise Information Security Group (EISG) since its inception in 2013. He most recently served as Divisional Senior Vice President of AFG’s property and casualty insurance operations, Great American Insurance Group. Mr. Rogers earned a Bachelor of Science in Computer Science from Northern Kentucky University and a Master of Science in Information Systems from the University of Denver. He also holds numerous cybersecurity certifications, including Certified Information Systems Security Professional (CISSP) and Certified Information Security Manager (CISM), among others. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$2.89 (vs US$2.49 in 1Q 2023) First quarter 2024 results: EPS: US$2.89 (up from US$2.49 in 1Q 2023). Revenue: US$1.91b (up 16% from 1Q 2023). Net income: US$242.0m (up 14% from 1Q 2023). Profit margin: 13% (in line with 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 6.6% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Apr 11
American Financial Group, Inc. to Report Q1, 2024 Results on May 01, 2024 American Financial Group, Inc. announced that they will report Q1, 2024 results at 5:00 PM, US Eastern Standard Time on May 01, 2024 Announcement • Apr 05
American Financial Group, Inc., Annual General Meeting, May 23, 2024 American Financial Group, Inc., Annual General Meeting, May 23, 2024, at 11:00 US Eastern Standard Time. Agenda: To elect 11 directors; to ratify the appointment of independent registered public accounting firm; to approve on an advisory basis named executive officer compensation; and to approve the Amended and Restated 2015 Stock Incentive Plan. Declared Dividend • Apr 03
Dividend of US$0.71 announced Shareholders will receive a dividend of US$0.71. Ex-date: 12th April 2024 Payment date: 25th April 2024 Dividend yield will be 5.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 02
American Financial Group, Inc. Declares Quarterly Dividend, Payable on April 25, 2024 American Financial Group, Inc. announced that it has declared a regular dividend of $0.71 per share of American Financial Group Common Stock. The dividend is payable on April 25, 2024, to holders of record on April 15, 2024. Announcement • Mar 06
American Financial Group, Inc. Announces Executive Promotions American Financial Group, Inc. announced the promotions of Robert (Bob) A. Dee to Vice President & Controller and Joseph (Joe) C. Alter to Vice President, Deputy General Counsel and Secretary. Mr. Dee joined AFG in 1985 and has held positions of increasing responsibility within the Company’s finance and accounting areas during his tenure. He will remain responsible for oversight of accounting policies and procedures in compliance with Generally Accepted Accounting Principles (GAAP) and other regulations, and financial reporting to the Securities and Exchange Commission (SEC). Mr. Dee earned a bachelor’s degree in Accounting from Xavier University and is a Certified Public Accountant (CPA) in the State of Ohio. Mr. Alter joined AFG in 2023 after most recently serving as Deputy General Counsel, Board Secretary and Chief Communications Officer of Fifth Third Bancorp. He previously served as General Counsel and Corporate Secretary of AK Steel Holding Corporation until its sale in 2020. In addition to Mr. Alter’s current role, he will be responsible for corporate governance and will work closely with the AFG Board of Directors and its committees. Mr. Alter earned a bachelor’s degree in Political Science and Economics from Miami University, Ohio. He earned a Juris Doctorate from the University of San Diego School of Law. Announcement • Feb 28
American Financial Group, Inc. Announces Changes to Its Board of Directors American Financial Group, Inc. announced that its Board of Directors has elected Roger K. Newport as a director. In addition, Terry S. Jacobs has notified the Board of his intention not to stand for re-election at the 2024 Annual Meeting and retire from the Board at that time. Roger K. Newport: Mr. Newport most recently served as Chief Executive Officer and a Director of AK Steel Holding Corporation (“AK Steel”) from January 2016 until March 2020, when he retired in connection with the acquisition of AK Steel by Cleveland-Cliffs Inc. Prior to that, Mr. Newport served at AK Steel as Executive Vice President, Finance and Chief Financial Officer, and held roles of increasing responsibility in financial management of the company since 2012. From 1985 to 2012, Mr. Newport served in a variety of other leadership positions at AK Steel, including Vice President-Business Planning and Development, Controller and Chief Accounting Officer, Assistant Treasurer, Investor Relations, Manager-Financial Planning and Analysis, and Product Manager. Mr. Newport also serves as a director and a member of the Audit Committee (of which he previously served as Chair) and Nominating & Governance Committee for Alliant Energy Corporation, and as a director of its subsidiaries, Iowa Power & Light Company and Wisconsin Power & Light Company. Mr. Newport earned a Bachelor of Business Administration in Accounting from the University of Cincinnati and a Master of Business Administration from Xavier University. He is active in his community, having served on a variety of local and regional boards for organizations that serve the areas of academia, community development, and at-risk children and families. Mr. Jacobs has served as a valued member of AFG’s Board since 2003 and made significant contributions during his tenure, including as a member of each of the Company’s Committees. He previously served as Chair of the Compensation Committee and currently serves as a member of AFG’s Audit and Compensation Committees. Reported Earnings • Feb 26
Full year 2023 earnings released: EPS: US$10.06 (vs US$10.55 in FY 2022) Full year 2023 results: EPS: US$10.06 (down from US$10.55 in FY 2022). Revenue: US$7.45b (up 9.4% from FY 2022). Net income: US$852.0m (down 5.1% from FY 2022). Profit margin: 11% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 13% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. Announcement • Feb 23
Car Tech LLC agreed to acquire AltEnergy Acquisition Corp. (NasdaqGM:AEAE) from AltEnergy Acquisition Sponsor, LLC for $120 million. Car Tech LLC entered into an Agreement and Plan of Merger to acquire AltEnergy Acquisition Corp. (NasdaqGM:AEAE) from AltEnergy Acquisition Sponsor, LLC for $120 million in a reverse merger transaction on February 21, 2024. The consideration includes $80,000,000, in shares of Altenergy Post-Merger Common Stock, minus the amount of any shortfall in AltEnergy’s obligation to source at least $50,000,000 in proceeds from a private placement to be consummated immediately prior to the Merger, and an additional $40,000,000 as the Earn Out Consideration. 4,000,000 shares of AltEnergy’s stock to be issued to holders of Car Tech Units as the Earn Out Consideration.
Consummation of the transaction is subject to: (a) obtaining approval of the Merger by the holders of a majority in voting power of the AltEnergy Common Stock; (b) obtaining approval of the Merger by the holders of a majority of the Car Tech Units; (c) there being no laws or injunctions by governmental authorities or other legal restraint prohibiting consummation of the transactions contemplated under the Merger Agreement; (d) if required, the required filings under the HSR Act having been completed and the waiting period applicable to the Merger under the HSR Act having expired or terminated; (e) the AltEnergy stock being listed on Nasdaq; (f) the Form S-4 having become effective and no stop order suspending the effectiveness of the Form S-4 having been issued by the SEC; and (g) AltEnergy having at least $5,000,001 in net tangible assets after giving effect to the consummation of the Merger. Car Tech has separate conditions to closing, including, among others, that no material adverse effect has occurred with respect to AltEnergy and that AltEnergy has raised at least $50,000,000 in an investment into the Company. AltEnergy has separate conditions to closing, including, among others, that no material adverse effect having occurred with respect to Car Tech and certain indebtedness of Car Tech having been converted into Car Tech units.
The Boards of Directors of AltEnergy and the Management Committee of Car Tech have each unanimously approved the proposed merger, which is expected to be completed in the first half of 2024, subject to regulatory approval, the approval of the proposed merger by AltEnergy’s stockholders and Car Tech’s members and the satisfaction or waiver of other customary closing conditions.
GLC Advisors & Co., LLC is acting as financial advisor to AltEnergy. Jack Levy and Walter Rahmey of Morrison Cohen LLP is acting as legal advisor to AltEnergy. Finhaven Capital Inc. is acting as the exclusive financial advisor to Car Tech. Anthony Epps and Dan Miller of Dorsey & Whitney LLP is serving as legal advisor to Car Tech. Declared Dividend • Feb 12
Dividend of US$2.50 announced Shareholders will receive a dividend of US$2.50. Ex-date: 15th February 2024 Payment date: 28th February 2024 Dividend yield will be 5.7%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 07
Full year 2023 earnings released: EPS: US$10.05 (vs US$10.55 in FY 2022) Full year 2023 results: EPS: US$10.05 (down from US$10.55 in FY 2022). Revenue: US$7.83b (up 15% from FY 2022). Net income: US$852.0m (down 5.1% from FY 2022). Profit margin: 11% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 8.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. Announcement • Jan 17
American Financial Group, Inc. to Report Q4, 2023 Results on Feb 06, 2024 American Financial Group, Inc. announced that they will report Q4, 2023 results at 5:00 PM, US Eastern Standard Time on Feb 06, 2024 Announcement • Jan 02
American Financial Group, Inc. Declares Quarterly Dividend, Payable on January 25, 2024 American Financial Group, Inc. announced that it has declared a regular dividend of $0.71 per share of American Financial Group Common Stock. The dividend is payable on January 25, 2024, to holders of record on January 15, 2024. Board Change • Jan 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Independent Director Amy Murray was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 04
American Financial Group, Inc. Declares Special Dividend, Payable on November 22, 2023 American Financial Group, Inc. announced that its Board of Directors declared a special, one-time cash dividend of $1.50 per share of Company Common Stock. The dividend is payable on November 22, 2023 to holders of record on November 13, 2023. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$2.09 (vs US$1.94 in 3Q 2022) Third quarter 2023 results: EPS: US$2.09 (up from US$1.94 in 3Q 2022). Revenue: US$2.06b (up 7.1% from 3Q 2022). Net income: US$177.0m (up 7.3% from 3Q 2022). Profit margin: 8.6% (in line with 3Q 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 17% per year. Announcement • Nov 02
American Financial Group, Inc. Declares Special Dividend, Payable on October 25, 2023 American Financial Group, Inc. announced that its Board of Directors has declared a special cash dividend of $1.50 per share of American Financial Group common stock. The dividend is payable on November 22, 2023, to shareholders of record on November 13, 2023. The aggregate amount of this special dividend will be approximately $126 million. This special dividend is in addition to the Company’s regular quarterly cash dividend of $0.71 per share most recently paid on October 25, 2023. With this special dividend, the Company has declared $5.50 per share in special dividends in 2023. Announcement • Oct 12
American Financial Group, Inc. to Report Q3, 2023 Results on Nov 01, 2023 American Financial Group, Inc. announced that they will report Q3, 2023 results at 5:00 PM, US Eastern Standard Time on Nov 01, 2023 Announcement • Oct 07
Vito C. Peraino Retires as Senior Vice President and Executive Counsel of American Financial Group, Inc On October 6, 2023, Mr. Vito C. Peraino retired as Senior Vice President and Executive Counsel of American Financial Group, Inc. Mr. Peraino joined the Company in 1999 and served in a number of leadership roles during his tenure, including as General Counsel of the Company from 2012 to 2022. Announcement • Oct 05
American Financial Group, Inc. Declares Quarterly Dividend, Payable on October 25, 2023 American Financial Group, Inc. announced that it has declared a regular dividend of $0.71 per share of American Financial Group Common Stock. The dividend is payable on October 25, 2023, to holders of record on October 13, 2023. This dividend reflects a previously announced 12.7% increase over the annual rate in effect since the fourth quarter of 2022. Announcement • Aug 24
American Financial Group, Inc. Increases Annual Common Stock Dividend American Financial Group, Inc. announced that its Board of Directors has approved an increase in the Company’s regular annual dividend to $2.84 from $2.52 per share of common stock. The increased dividend, when declared, will be paid on a quarterly basis of $0.71 per share of common stock beginning in October 2023. The new dividend rate is a 12.7% increase over the declared rate. The Company has increased its dividend in each of the last eighteen years. The ten-year compound annual growth rate in AFG’s regular annual dividends paid is 12.4%. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$2.35 (vs US$1.96 in 2Q 2022) Second quarter 2023 results: EPS: US$2.35 (up from US$1.96 in 2Q 2022). Revenue: US$1.74b (up 16% from 2Q 2022). Net income: US$200.0m (up 20% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 3.8% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 28% per year. Announcement • Jul 13
American Financial Group, Inc. to Report Q2, 2023 Results on Aug 02, 2023 American Financial Group, Inc. announced that they will report Q2, 2023 results at 5:00 PM, US Eastern Standard Time on Aug 02, 2023 Announcement • Jun 28
American Financial Group, Inc. Announces Appointment of John B. Berding as President American Financial Group, Inc. announced that John B. Berding has been elected as President, effective immediately. Mr. Berding will continue to serve as President of American Money Management Corporation, its insurance subsidiaries and certain third-party investment entities, in addition to his new role. Mr. Berding assumes this leadership role at AFG that was previously jointly held by Carl H. Lindner III and S. Craig Lindner, who continue to serve as AFG's Co-Chief Executive Officers. With this new position, Mr. Berding will work with the Co-Chief Executive Officers on matters of strategic planning and capital management. Mr. Berding initially joined AFG as a co-op student at the University of Cincinnati, where he earned a Bachelor of Business Administration. In 1987, upon graduation from the University of Chicago with a Master of Business Administration, he began working full time as an investment professional at AMMC. Since that time, he has held a number of executive positions with AMMC and other AFG subsidiaries, most recently serving as President of AMMC since 2011. In addition to his role as President, Mr. Berding has served as a member of AFG's Board of Directors since 2012. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$2.48 (vs US$3.41 in 1Q 2022) First quarter 2023 results: EPS: US$2.48 (down from US$3.41 in 1Q 2022). Revenue: US$1.65b (up 6.2% from 1Q 2022). Net income: US$212.0m (down 27% from 1Q 2022). Profit margin: 13% (down from 19% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 5.6% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 06
Upcoming dividend of US$0.63 per share at 2.1% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 23% and the cash payout ratio is 76%. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.5%). Recent Insider Transactions • Mar 03
Senior VP & CFO recently sold €138k worth of stock On the 2nd of March, Brian Hertzman sold around 1k shares on-market at roughly €127 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Brian's only on-market trade for the last 12 months. Upcoming Dividend • Feb 07
Upcoming dividend of US$4.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 14 February 2023. Payment date: 28 February 2023. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.2%). Reported Earnings • Feb 03
Full year 2022 earnings released: EPS: US$10.53 (vs US$12.70 in FY 2021) Full year 2022 results: EPS: US$10.53 (down from US$12.70 in FY 2021). Revenue: US$6.81b (up 6.5% from FY 2021). Net income: US$898.0m (down 17% from FY 2021). Profit margin: 13% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jan 12
American Financial Group, Inc. to Report Q4, 2022 Results on Feb 01, 2023 American Financial Group, Inc. announced that they will report Q4, 2022 results at 5:00 PM, US Eastern Standard Time on Feb 01, 2023 Announcement • Jan 04
American Financial Group, Inc. Declares Quarterly Dividend, Payable on January 25, 2023 American Financial Group, Inc. announced that it has declared a regular dividend of $0.63 per share of the company common Stock. The dividend is payable on January 25, 2023 to holders of record on January 13, 2023. Announcement • Nov 11
American Financial Group, Inc. Announces Executive Changes American Financial Group, Inc. announced the promotion of Mark A. Weiss to Senior Vice President and General Counsel of American Financial Group, Inc., effective December 1, 2022. Mr. Weiss will succeed Vito Peraino. Mr. Peraino has been named Executive Counsel and will serve in an advisory role to the Company. Mr. Weiss joined AFG in 2010 as Assistant Vice President and Assistant General Counsel. In 2015, he was promoted to Vice President, and he assumed the role of Chief Compliance Officer in 2020. Prior to joining AFG, Mr. Weiss served as a corporate and transactional lawyer at Keating Muething & Klekamp. Mr. Weiss is a graduate of the University of Michigan and the University of Cincinnati College of Law. Recent Insider Transactions • Nov 09
Senior VP recently sold €385k worth of stock On the 4th of November, Michelle Gillis sold around 3k shares on-market at roughly €147 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €531k more than they bought in the last 12 months. Upcoming Dividend • Nov 07
Upcoming dividend of US$2.00 per share Eligible shareholders must have bought the stock before 14 November 2022. Payment date: 22 November 2022. Payout ratio is a comfortable 19% but the company is paying out more than the cash it is generating. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.8%). Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$1.93 (vs US$2.58 in 3Q 2021) Third quarter 2022 results: EPS: US$1.93 (down from US$2.58 in 3Q 2021). Revenue: US$1.92b (up 12% from 3Q 2021). Net income: US$165.0m (down 25% from 3Q 2021). Profit margin: 8.6% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Oct 13
American Financial Group, Inc. to Report Q3, 2022 Results on Nov 02, 2022 American Financial Group, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 02, 2022 Announcement • Oct 04
American Financial Group, Inc. Declares Quarterly Dividend, Payable on October 25, 2022 American Financial Group, Inc. announced that it has declared a regular dividend of $0.63 per share of American Financial Group Common Stock. The dividend is payable on October 25, 2022 to holders of record on October 14, 2022. This dividend reflects a previously announced 12.5% increase over the annual rate in effect since the fourth quarter of 2021. Announcement • Aug 18
American Financial Group, Inc. Approves an Increase in the Company’s Regular Annual Dividend on Common Stock American Financial Group, Inc. announced that its Board of Directors has approved an increase in the Company’s regular annual dividend to $2.52 from $2.24 per share of common stock. The increased dividend, when declared, will be paid on a quarterly basis of $0.63 per share of common stock beginning in October 2022. The new dividend rate represents a 12.5% increase over the annual rate paid thus far in 2022. The Company has increased its dividend in each of the last seventeen years. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$1.96 (vs US$2.82 in 2Q 2021) Second quarter 2022 results: EPS: US$1.96 (down from US$2.82 in 2Q 2021). Revenue: US$1.49b (flat on 2Q 2021). Net income: US$167.0m (down 30% from 2Q 2021). Profit margin: 11% (down from 16% in 2Q 2021). Over the next year, revenue is expected to shrink by 4.2% compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Aug 04
American Financial Group, Inc. Revises Earnings Guidance for the Year 2022 American Financial Group, Inc. revised earnings guidance for the year 2022. Full year 2022 core net operating earnings guidance increased to $10.75 - $11.75 per share, from previous guidance of $10.50 - $11.50 per share. Announcement • Jul 14
American Financial Group, Inc. to Report Q2, 2022 Results on Aug 03, 2022 American Financial Group, Inc. announced that they will report Q2, 2022 results at 5:00 PM, US Eastern Standard Time on Aug 03, 2022 Announcement • Jul 02
American Financial Group, Inc. Declares Regular Dividend, Payable on July 25, 2022 American Financial Group, Inc. announced that it has declared a regular dividend of $0.56 per share of American Financial Group Common Stock. The dividend is payable on July 25, 2022 to holders of record on July 15, 2022. Announcement • Jun 26
American Financial Group, Inc.(NYSE:AFG) dropped from Russell 1000 Dynamic Index American Financial Group, Inc.(NYSE:AFG) dropped from Russell 1000 Dynamic Index Upcoming Dividend • May 12
Upcoming dividend of US$8.00 per share Eligible shareholders must have bought the stock before 19 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 16% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.8%). Reported Earnings • May 07
First quarter 2022 earnings released: EPS: US$3.40 (vs US$3.11 in 1Q 2021) First quarter 2022 results: EPS: US$3.40 (up from US$3.11 in 1Q 2021). Revenue: US$1.55b (up 5.4% from 1Q 2021). Net income: US$290.0m (up 8.6% from 1Q 2021). Profit margin: 19% (in line with 1Q 2021). Over the next year, revenue is expected to shrink by 6.5% compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Apr 14
American Financial Group, Inc. to Report Q1, 2022 Results on May 04, 2022 American Financial Group, Inc. announced that they will report Q1, 2022 results at 5:00 PM, US Eastern Standard Time on May 04, 2022 Upcoming Dividend • Apr 06
Upcoming dividend of US$0.56 per share Eligible shareholders must have bought the stock before 13 April 2022. Payment date: 25 April 2022. Payout ratio is a comfortable 16% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.8%). Lower than average of industry peers (4.6%). Announcement • Apr 05
American Financial Group, Inc., Annual General Meeting, May 18, 2022 American Financial Group, Inc., Annual General Meeting, May 18, 2022, at 11:00 US Eastern Standard Time. Agenda: To elect 11 directors; to ratify the appointment of our independent registered public accounting firm; to approve on an advisory basis our named executive officer compensation; and to discuss any other business (if any). 
