American Financial Group, Inc. Raises Annual Dividend on Common Stock by 12.7%; Nineteenth Consecutive Year of Dividend Increases

American Financial Group, Inc. (NYSE: AFG) announced that its Board of Directors has approved an increase in the Company’s regular annual dividend from $2.84 to $3.20 per common share. The increased dividend, when declared, will be paid quarterly at a rate of $0.80 per common share beginning in October 2024. The new dividend rate is an increase of 12.7% over the declared rate. This marks the Company’s 19th consecutive year of dividend increases. The ten-year compound annual growth rate in the regular annual dividends paid by AFG is 12.4%.

Carl H. Lindner III and S. Craig Lindner, AFG’s Co-Chief Executive Officers, issued this statement: “Returning excess capital to shareholders in the form of dividends is an important and effective component of AFG’s capital management strategy. This increase in AFG’s annual dividend reflects our confidence in the Company’s financial condition, liquidity and prospects for long-term growth.”