OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to the recently issued $350 million, 5% 10-year senior unsecured notes due September 2035, issued by American Financial Group, Inc. (AFG) (Cincinnati, OH) [NYSE: AFG]. The outlook assigned to this Credit Rating (rating) is stable. The existing ratings of AFG and its subsidiaries are unchanged. AFG plans to use the net proceeds of the offering for general corporate purposes including share re.

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CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) announced today the registered offering of $350 million of 5.0% Senior Notes (the “Notes”) due September 23, 2035. The Notes were priced at 99.162% of their principal amount. The Company intends to use the approximately $344 million of net proceeds from this offering for general corporate purposes, which may include repurchases of AFG's outstanding common shares. The closing of the offering of the Notes is expected to occur.

AFG stock gains from new business opportunities, increased exposures, a better renewal rate environment and effective capital deployment.

CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) 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-y.

American Financial Group, Inc.'s baby bonds offer some of the highest yields among investment-grade, long-term instruments in the insurance sector, all trading below par. The company boasts 26 consecutive years of dividend payments, with 19 years of consistent dividend growth, and a current yield of 6.88%. AFG maintains a strong financial position with $30.66 billion in assets, $1.7 billion in debt, and $4.5 billion in equity.

AFG stock gains from new business opportunities, increased exposures, a better renewal rate environment, and effective capital deployment.

AFG's recent results were mixed, with weaker underwriting and disappointing alternative investment returns, leading me to downgrade my rating to 'hold.' Premium inflation is decelerating, likely signaling peak margins for the insurance sector and making it harder for AFG to improve its combined ratio. Investment income from fixed income remains solid, but alternative returns and rental growth are muted, and a key asset sale fell through, limiting upside.

American Financial Group, Inc. (NYSE:AFG ) Q2 2025 Earnings Conference Call August 6, 2025 11:30 AM ET Company Participants Brian Scott Hertzman - Senior VP & CFO Carl Henry Lindner - Co-CEO & Director Diane P. Weidner - Vice President of Investor & Media Relations Stephen Craig Lindner - Co-CEO & Director Conference Call Participants Charles Gregory Peters - Raymond James & Associates, Inc., Research Division Meyer Shields - Keefe, Bruyette, & Woods, Inc., Research Division Michael David Zaremski - BMO Capital Markets Equity Research Robert Edward Farnam - Janney Montgomery Scott LLC, Research Division Operator Good day, and thank you for standing by.

AFG Q2 results reflect higher premiums across the segments, offset by lower net investment income and wider catastrophe losses.