American Financial Group Inc at Bank of America Merrill Lynch Securities Insurance Conference Transcript

Feb 12, 2020 / 03:00PM GMT
Jay Adam Cohen - BofA Merrill Lynch, Research Division - Research Analyst

We are very pleased to have the management of American Financial Group with us today. From the company are co-CEOs, Carl and Craig Lindner; along with CFO, Jeff Consolino. Carl and Craig were appointed co-CEOs 15 years ago, 16 years ago. So it's been quite a while. [AFG's] (corrected by company after the call) share price during that time is about fivefold. I did a rough math yesterday. So it's been a fantastic run. In addition, in the last 5 years alone, the company has paid cash dividends of more than $16 a share. So they're giving money back to shareholders as well. The company continues to have excess capital. So it's always a good chance to hear what you might do with it.

With those introductory remarks, it's my pleasure to turn the floor over to the team.

Carl Henry Lindner - American Financial Group, Inc. - Co-President, Co-CEO & Director

Thank you, Jay, and it's nice to be here with everyone. Always like to get a chance to talk about our favorite topic, American

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