Cincinnati-based American Financial Group Inc. announced that its principal property and casualty insurance subsidiary, Great American Insurance Company, was notified of an arbitration decision resulting from its share of a property fire and business interruption claim.
The company has not yet received a copy of the written decision. Based on preliminary information, the company believes that its range of after tax loss, net of recorded reserves, will be between $20 and $30 million, or 29 to 43 cents per share.
AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of annuities, life and supplemental health insurance products.
Was this article valuable?
Here are more articles you may enjoy.
Appetite for Insurance M&A Remains as AI Enters the Chat, Says PwC 
Older, Wealthier Renters Drive Changes in Insurance Needs 
Wrong-Way AI Trade Costs Florida Stock-Picker $50 Billion 
Read 14-Point Draft Memorandum of Understanding Between the US and Iran 
