Key Developments: American Financial Group Inc (AFG)

AFG on New York Consolidated

57.47USD
23 Apr 2014
Price Change (% chg)

$0.04 (+0.07%)
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Latest Key Developments (Source: Significant Developments)

American Financial Group Inc completes purchase of Summit Holding Southeast Inc
Tuesday, 1 Apr 2014 11:51am EDT 

American Financial Group Inc:Completed purchase of Summit Holding Southeast Inc and its related companies from Liberty Mutual Insurance.Purchase price was about $260 mln at closing.  Full Article

American Financial Group Inc declares quarterly dividend
Tuesday, 1 Apr 2014 09:11am EDT 

American Financial Group Inc:Declares regular dividend of $0.22 per share.Payable on April 25.Record date on April 15.  Full Article

American Financial Group reaffirms FY 2014 EPS guidance - Conference Call
Tuesday, 18 Mar 2014 10:40am EDT 

American Financial Group Inc:Expects FY 2014 core operating earnings to be in a range of $4.50 to $4.90.FY 2014 EPS of $4.68 - Thomson Reuters I/B/E/S Estimates.  Full Article

American Financial Group Inc terminates tender offer for National Interstate Shares
Sunday, 16 Mar 2014 08:58pm EDT 

American Financial Group Inc:Says that on March 14, at hearing held by the United States District Court for the Northern District of Ohio, court stated that it would grant a motion for preliminary injunction enjoining the consummation of tender offer of AFG's wholly owned subsidiary Great American Insurance Company (GAIC).To acquire all of outstanding shares of National Interstate Corporation common stock not currently owned by AFG and GAIC.In light of court's stated intention, AFG announced that GAIC has terminated tender offer.Tender offer was previously scheduled to expire on March 17.AFG believes that the $30 per share all-cash tender offer would have provided National Interstate's shareholders with compelling value at significant premium to market price prior to announcement of offer.GAIC will instruct its depositary, American Stock Transfer & Trust Company, LLC, to return promptly all shares tendered in offer prior to termination.  Full Article

American Financial Group Inc's subsidiary commences tender offer to acquire Public Minority Stake in National Interstate Corporation
Wednesday, 5 Feb 2014 08:01am EST 

American Financial Group Inc:Says its wholly-owned subsidiary Great American Insurance company (GAIC) has commenced a tender offer to acquire all of the outstanding shares of National Interstate Corporation common stock not owned by them for $28.00 per share in cash without interest.Says Innisfree M&A Incorporated is the Information agent for the tender offer.Says if the tender offer is completed, and following the tender offer, GAIC owns at least 90 pct of the outstanding shares of National Interstate on a fully diluted basis, AFG and GAIC intend to cause a second step, short-form, merger of National Interstate into a subsidiary of AFG.  Full Article

American Financial Group Inc gives FY 2014 EPS guidance in line with analysts' estimates
Thursday, 30 Jan 2014 05:30pm EST 

American Financial Group Inc:Sees FY 2014 net operating earnings to be between $4.50 and $4.90 per share.Says core earnings per share guidance excludes non-core items such as realized gains and losses, as well as other items that may not be indicative of ongoing operations.FY 2014 EPS of $4.59 - Thomson Reuters I/B/E/S Estimates.  Full Article

American Financial Group Inc (AFG) enters into agreement to acquire Summit Holdings Southeast Inc.
Thursday, 9 Jan 2014 09:15am EST 

American Financial Group Inc:Says it has reached a definitive agreement to acquire Summit Holdings Southeast Inc and its related companies from Liberty Mutual Insurance in an all-cash transaction.Says under the terms of the transaction, AFG will pay Liberty Mutual Insurance an estimated $250 mln at closing.Says the purchase price will be subject to adjustment between signing and closing for, among other things, changes in Summit`s GAAP tangible book value.  Full Article

American Financial Group Inc declares quarterly dividend
Thursday, 2 Jan 2014 09:44am EST 

American Financial Group Inc:Says it has declared a regular quarterly dividend of $0.22 per share of its American Financial Group Common Stock.Says the dividend is payable on Jan. 27, 2014 to holders of record on Jan. 15, 2014.  Full Article

American Financial Group Inc declares special dividend
Thursday, 5 Dec 2013 09:17am EST 

American Financial Group Inc:Says it has declared a special, one-time cash dividend of $1.00 per share of American Financial Group Common Stock.Says the dividend is payable on Dec. 24, 2013 to holders of record on Dec. 16, 2013.  Full Article

American Financial Group Inc Raises FY 2013 EPS Guidance
Tuesday, 29 Oct 2013 05:30pm EDT 

American Financial Group Inc announced that based on results through the first nine months of 2013, it has increased its core net operating earnings guidance for fiscal 2013 to be in the range of $4.00 - $4.20 per share, up from the $3.70 - $4.10 estimated previously.  Full Article

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