AFG appoints Hertzman CFO as Consolino replacementAmerican Financial Group (AFG) has turned to Brian Hertzman to replace the StarStone US-bound Jeff Consolino as chief financial officer (CFO).
AFG hikes annual dividend by 11.1%The board of American Financial Group (AFG) has approved a regular annual dividend of $2.00 per common share, an increase from the previous annual dividend of $1.80 per common share.
AFG misses as alternative investment losses biteAmerican Financial Group’s (AFG) second quarter 2020 results failed to match analysts’ expectations, with the carrier pointing to negative adjustments within its alternative investment portfolio owing to the Covid-19-related financial disruption for the decrease in its core net operating earnings.
AFG confirms Consolino exitAmerican Financial Group (AFG) has confirmed that EVP and CFO Jeff Consolino is leaving the company after The Insurer revealed earlier today that the executive is set to reunite with Ed Noonan at StarStone US, which is being rebooted with new PE backers and $850mn of capital.
AFG reports highest pricing in P&C unit for over five yearsAmerican Financial Group (AFG) has revealed pricing in its specialty P&C group is the highest it has achieved in over five years, while announcing first quarter results that included the run-off of Neon dragging down premium growth.
AFG set for Q1 net loss on Covid-19 investment hitAmerican Financial Group (AFG) expects to fall to a first quarter net loss on a Covid-19 driven investment hit as it also stripped marked-to-market (MTM) movements from revised 2020 operating earnings projections because it says they are too difficult to forecast in the current volatile environment.
AFG takes $58mn Q4 hit on Neon Lloyd’s exitAmerican Financial Group (AFG) took a non-core after-tax charge of $58mn relating to reserve strengthening at Neon as well as expenses associated with the run-off of the Lloyd’s platform in its 2019 fourth quarter results.
AFG counts the cost of its enervating Lloyd’s experienceAmerican Financial Group’s decision earlier this week to withdraw from the Lloyd’s market – taking a $50-60mn Q4 charge in the process – marks the end of a painful relationship that has cost the Cincinnati-headquartered insurance group over $500mn in entry and departure fees and underwriting losses in between, analysis by The Insurer shows.
AFG Q3 earnings up despite A&E chargeAmerican Financial Group (AFG) has reported core net operating earnings of $205mn for the third quarter, or $2.25 per share, up from $198mn, or $2.19 per share, in the same period of 2018.
AFG’s P&C earnings fall in Q2 despite improved casualtyAmerican Financial Group (AFG) has reported reduced earnings in its specialty P&C segment, with higher casualty profitability offset by falls in property/transportation and specialty financial.
Concerns over crop and annuity book at AFG overdone: analystBuckingham Research Group analyst Amit Kumar has put a buy recommendation on American Financial Group (AFG) because he believes any downside risk priced into the stock relating to its crop business and index fixed annuity (FIA) portfolio is overdone.
AFG misses estimates as Q1 profits slide 16%American Financial Group (AFG) missed the consensus of analysts in the fourth quarter to deliver a core net operating earnings of $2.02 per share - a profit of $184mn - falling below the $2.19 prediction of seven analysts surveyed by MarketWatch.
AFG misses as annuity and P&C underwriting profits dipAmerican Financial Group reported operating profits that missed Wall Street forecasts as they fell primarily on a drop in earnings in the company’s annuity segment, but also on the back of lower P&C underwriting income.
AFG questions Neon’s ability to grow under Hancock’s crackdownThe parent company of Lloyd’s insurer Neon have called into question the impact increased scrutiny on underperforming syndicates will have on its growth ambitions in the Lloyd’s market.
AFG impresses analysts with record Q3 as P&C book improvesAmerican Financial Group – the owner of Lloyd’s syndicate Neon - surpassed the expectations of analysts in the third quarter to deliver a core net operating earning of $198mn driven by an improvement in its P&C business.
AFG beats with record profit as renewal pricing hits three-year highAmerican Financial Group, the owner of Lloyd’s syndicate Neon, has reported record second quarter profits with core net operating earnings that climbed 27.6 percent to hit $185mn.
Second quarter profits surge by 18% at James RiverUS specialty carrier James River has reported an 18 percent leap in operating profits, which climbed to $17.6mn during the second quarter.
AFG beats estimates and grows premiums in Q1American Financial Group (AFG) surpassed the expectations of analysts to deliver core net operating earnings of $219mn for the first three months of the year.
AFG beats estimates with $197mn profitAmerican Financial Group (AFG) delivered an expectation-topping $197mn operating profit in the fourth quarter as it dodged a significant loss from the catastrophes that plagued the industry in the final months of 2017