AFG American Financial Dashboard

Risks

• General economic, financial market and political conditions and conditions in the markets in which we operate may materially adversely affect our investment portfolio, results of operations, financial condition and stock price.
• A significant majority of AFG’s investment portfolio consists of fixed maturity investments, and changes in global economic conditions, including interest rates, could have a material adverse effect on AFG’s results of operations and financial condition.
• AFG’s alternative investments may be illiquid and volatile in terms of value and returns, which could negatively affect AFG’s investment income and liquidity.
• Changes in interest rates could adversely affect the results of operations of AFG’s annuity segment.
• The modification or elimination of the London Inter-Bank Offered Rate may adversely affect AFG’s results of operations.
• Adverse developments in the financial markets may limit AFG’s access to capital.
• Intense competition could adversely affect AFG’s results of operations.
• The continued threat of terrorism and ongoing military and other actions, as well as civil unrest, may adversely affect AFG’s results of operations.
• AFG’s results of operations could be adversely impacted by catastrophes, both natural and man-made, pandemics or severe weather conditions or climate change.
• Volatility in crop prices, as a result of weather conditions, climate change or otherwise, could adversely impact AFG’s results of operations.
• Changing climate conditions may increase the frequency and severity of catastrophic events and thereby adversely affect our financial condition and results.
• AFG may experience difficulties with technology or data security, which could have an adverse effect on its business or reputation.
• Any failure to appropriately collect, administer and protect consumer information could adversely affect AFG’s reputation, subject AFG to fines, claims and penalties, and have a material adverse effect on AFG’s business, financial condition and results of operations.
• AFG’s international operations exposes it to investment, political and economic risks, including foreign currency and credit risk.
• Ineffective risk management policies in the indexed annuity business could adversely affect AFG’s results of operations.
• A significant percentage of AFG’s sales of annuity products through financial institutions is concentrated in a small number of institutions.
• AFG’s revenues could be adversely affected if it is not able to attract and retain independent agents.
• Exposure to asbestos or environmental claims could materially adversely affect AFG’s results of operations and financial condition.
• AFG may suffer losses from litigation, which could materially and adversely affect AFG’s financial condition and business operations.
• A downgrade or potential downgrade in AFG’s financial strength and/or credit ratings by one or more rating agencies could adversely affect its business, financial condition, results of operations and/or cash flows.
• The inability to obtain reinsurance or to collect on ceded reinsurance could adversely affect AFG’s results of operations.
• AFG’s property and casualty reserves may be inadequate, which could have a material adverse effect on AFG’s results of operations.
• Variations from the actuarial assumptions used to establish certain assets and liabilities in AFG’s annuity business could adversely affect AFG’s results of operations.
• AFG is subject to comprehensive regulation, and its ability to earn profits may be restricted by these regulations.
• As a holding company, AFG is dependent on the operations of its insurance company subsidiaries to meet its obligations and pay future dividends.
• Changes to existing accounting standards could adversely impact AFG’s reported results of operations.
• Certain shareholders exercise substantial control over AFG’s affairs, which may impede a change of control transaction.
• The price of AFG Common Stock may fluctuate significantly, which may make it difficult for holders to resell common stock when they want or at a price they find attractive.