American Financial Group, Inc. Announces Additional Stock Buyback Authorization
Between
“This additional authorization reflects the Board of Directors’
continued confidence in the Company’s long-term financial outlook and
commitment to enhancing shareholder value,” said
About
Forward Looking Statements
This press release contains certain statements that may be deemed to be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements in this press release not dealing with historical results are forward-looking and are based on estimates, assumptions and projections. Examples of such forward-looking statements include statements relating to: the Company’s expectations concerning market and other conditions and their effect on future premiums, revenues, earnings and investment activities; recoverability of asset values; expected losses and the adequacy of reserves for asbestos, environmental pollution and mass tort claims; rate changes; and improved loss experience.
Actual results and/or financial condition could differ materially from
those contained in or implied by such forward-looking statements for a
variety of reasons including but not limited to: changes in financial,
political and economic conditions, including changes in interest rates
and extended economic recessions or expansions; performance of
securities markets; our ability to estimate accurately the likelihood,
magnitude and timing of any losses in connection with investments in the
non-agency residential mortgage market; new legislation or declines in
credit quality or credit ratings that could have a material impact on
the valuation of securities in our investment portfolio; the
availability of capital; regulatory actions (including changes in
statutory accounting rules); changes in legal environment affecting AFG
or its customers; tax law and accounting changes; levels of natural
catastrophes, terrorist activities (including any nuclear, biological,
chemical or radiological events), incidents of war and other major
losses; development of insurance loss reserves and establishment of
other reserves, particularly with respect to amounts associated with
asbestos and environmental claims; availability of reinsurance and
ability of reinsurers to pay their obligations; the unpredictability of
possible future litigation; trends in persistency, mortality and
morbidity; competitive pressures, including the ability to obtain
adequate rates; changes in AFG's credit ratings or the financial
strength ratings assigned by major ratings agencies to our operating
subsidiaries; and other factors identified in our filings with the
The forward-looking statements herein are made only as of the date of this press release. The Company assumes no obligation to publicly update any forward-looking statements.
AFG09-13
Source:
American Financial Group, Inc.
Diane P. Weidner, 513-369-5713
Assistant
Vice President-Investor Relations
or
Web Sites:
www.AFGinc.com
www.GreatAmericanInsurance.com
www.GAFRI.com