Reinsurance News
American Financial Group
American Financial reports net earnings of $174m in Q2’25
6th August 2025
American Financial Group, Inc. (AFG) reported net earnings of $174 million for the second quarter of 2025, down from $209 million in the same quarter a year earlier. Net earnings included after-tax non-core losses of $5 million, compared to $6 million in Q2’24. Core net operating earnings for the quarter were $179 ... Read the full article
American Financial Group reports Q1’25 net earnings of $154m
7th May 2025
American Financial Group, Inc., a Cincinnati-based holding company specialising in insurance and financial services, has reported first-quarter 2025 net earnings of $154 million, compared to $242 million for the same period in 2024. This reflects a decrease primarily due to lower property and casualty (P&C) insurance underwriting profit and reduced returns ... Read the full article
AFG elects Craig Lindner Jr. & David Thompson to its Board
21st February 2025
American Financial Group, Inc. (AFG) has announced the election of Craig Lindner Jr. and David Thompson to its Board of Directors. Additionally, James Evans will not stand for reelection at the 2025 Annual Meeting of Shareholders but will continue to serve as Executive Consultant, a role he has held since 2014. Lindner ... Read the full article
American Financial reports strong Q4’24 earnings
5th February 2025
American Financial Group, Inc. (AFG) has announced its fourth-quarter 2024 financial results, reporting net earnings of $255 million, slightly down from $263 million in the same period in the prior year. Despite the slight decrease in net earnings, the company saw significant growth in core net operating earnings for Q4 2024, ... Read the full article
Hurricane Helene drives $90m cat losses for AFG in Q3, Specialty P&C CoR hits 94.3%
6th November 2024
American Financial Group's (AFG's) Specialty property & casualty (P&C) insurance operations reported underwriting profit of $117 million in the third quarter of 2024, compared to $143 million in the prior year period, while catastrophe losses sat at $90 million, which were primarily driven by Hurricane Helene. The firm's cat losses in ... Read the full article
AFG’s Specialty P&C insurance segment generates 90.5% CR in Q2’24
9th August 2024
American Financial Group (AFG) has posted $209 million in net earnings for the second quarter of 2024, compared to $200 million from the second quarter of 2023. According to AFG, Q2'24's net earnings included after-tax non-core losses of $6 million. By comparison, net earnings in Q2'23 included net after-tax non-core items ... Read the full article
American Financial reports $242m net income in Q1’24 results
3rd May 2024
American Financial Group, Inc. (AFG) has reported a net income of $242 million for the first quarter of 2024, reflecting an increase from $212 million reported in Q1’23. In Q1, AFG's net earnings included after-tax non-core net realised gains on securities totaling $11 million. In contrast, the first quarter of 2023 ... Read the full article
American Financial posts rise in Q3’23 net income to $177m
3rd November 2023
American Financial Group, Inc. (AFG) has reported a net income of $177 million for the third-quarter of 2023, compared to $165 million in Q3'22. In Q3, AFG’s net earnings included net after-tax non-core items that reduced net income by $31 million. By comparison, net earnings for the 2022 third quarter included ... Read the full article
American Financial Group posts nearly 20% rise in Q2’23 net income
3rd August 2023
American Financial Group, Inc. (AFG) has reported a net income of $200 million for the second-quarter of 2023, compared to $167 million in Q2 2022. In Q2, AFG’s net earnings included after-tax non-core net realized losses on securities of $1 million and a $1 million loss on retirement of debt. By comparison, ... Read the full article
American Financial appoints John Berding as President
29th June 2023
American Financial Group appointed John B. Berding as the new President of AFG, effective immediately. Berding, who currently serves as the President of American Money Management Corporation (AMMC), will continue his role in addition to his new responsibilities. The position of President was previously jointly held by Carl H. Lindner III and ... Read the full article
AFG to buy AIG’s Crop Risk Services unit for $240 million
3rd May 2023
American Financial Group (AFG) has entered into an agreement to purchase primary crop insurance general agent Crop Risk Services (CRS) from AIG. CRS is based in Decatur, Illinois, and is the seventh largest provider of multi-peril crop insurance in the United States, based on 2022 premiums. Under the terms of the transaction, ... Read the full article
American Financial Group posts nearly 27% fall in Q1’23 net income
3rd May 2023
American Financial Group, Inc. (AFG) has reported a net income of $212 million for the first-quarter of 2023, compared to $290 million in Q1 2022, driven by after-tax non-core net realized losses on securities of $37 million. In Q1, AFG’s net earnings included after-tax non-core net realized losses on securities of ... Read the full article
AFG promotes Mark A. Weiss to SVP and General Counsel
14th November 2022
American Financial Group, an insurance holding company, has announced the promotion of Mark A. Weiss to Senior Vice President and General Counsel of American Financial Group, Inc., effective December 1, 2022. Weiss will succeed Vito Peraino as he has been named Executive Counsel and will serve in an advisory role to ... Read the full article
AFG records “exceptional” Q4 performance
10th February 2022
Insurance and investments holding company, American Financial Group (AFG), saw its annual net earnings increase by roughly 172% last year following a fourth quarter that its Co-CEOs dubbed as an “exceptional” period for financial performance. Net earnings for the year increased from $732 million in 2020 to $1,995 million in 2021, ... Read the full article
American Financial Group buys software company Verikai
19th January 2022
American Financial Group has announced that it has bought machine learning company Verikai. The latter, which has reportedly developed a machine learning tool to help assess insurance risk, will continue to be led by Jeff Chen, its current president and CEO. Carl H. Lindner III, co-CEO of American Financial Group, said that ... Read the full article
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