CINCINNATI--(BUSINESS WIRE)--Oct. 6, 2009--
American Financial Group, Inc. (NYSE:AFG) (NASDAQ: AFG) announced
earlier today that Standard & Poor’s revised its outlook on AFG to
positive from stable and affirmed AFG’s investment grade counterparty
credit and senior unsecured debt ratings. Standard & Poor’s also
affirmed its ‘A’ counterparty and financial strength ratings on AFG’s
property and casualty insurance and annuity subsidiaries.
S. Craig Lindner and Carl H. Lindner III, Co-Chief Executive Officers,
issued this joint statement: “After a year of working through difficult
market conditions, it is gratifying to receive a revised positive
outlook from S&P. We believe that AFG’s consistently solid core
operating results and our ability to maintain strong capital and
liquidity during this past year are an indication of our continued
commitment to our fundamental business strategy.”
Additionally, American Financial Group, Inc. (NYSE/NASDAQ: AFG) expects
to release its 2009 third quarter results after the market closes on
Monday, October 26, 2009. The earnings release will be available shortly
thereafter on AFG's website at www.AFGinc.com.
In conjunction with its earnings release, AFG will hold a conference
call to discuss 2009 third quarter results at 11:30 am (ET) on Tuesday,
October 27, 2009. There are two communication modes available to listen
to the call.
Over the Telephone
Toll-free access will be available by dialing 1-888-892-6137
(international dial-in 706-758-4386). The conference ID for the live
call is 31470471. Please dial in five to ten minutes prior to the
scheduled start time of the call. A replay will also be available two
hours following the completion of the call, at approximately 1:30 p.m.
(ET) and will remain available until 11:59 p.m. (ET) on November 3,
2009. To listen to the replay, dial 1-800-642-1687 (international
dial-in 706-645-9291) and provide the conference ID 31470471.
Via the Internet
The conference call will also be broadcast live over the Internet. To
listen to the call, go to the Investor Relations page on AFG’s website, www.AFGinc.com,
and follow the instructions at the Webcast
The archived webcast will be available immediately after the call via a
link on the Investor Relations page until November 3, 2009 at 11:59 pm
(ET). An archived audio MP3 file will also be available within 24 hours
of the call.
About American Financial Group, Inc.
American Financial Group is an insurance holding company, based in
Cincinnati, Ohio with assets in excess of $25 billion. Through the
operations of Great American Insurance Group, AFG is engaged primarily
in property and casualty insurance, focusing on specialized commercial
products for businesses, and in the sale of traditional fixed, indexed
and variable annuities and a variety of supplemental insurance products.
Great American Insurance Group’s roots go back to 1872 with the founding
of its flagship company, Great American Insurance Company.
Certain statements may be made on the conference call that may be
considered "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. Actual results could differ materially from
any predictions that may be made. Additional information
regarding factors that could cause such differences appears in the press
Source: American Financial Group, Inc.
American Financial Group, Inc.
Investor Relations, 513-579-6739