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American Financial Group Inc (AFG) Q1 2021 Earnings Call Transcript

Operator
Good day, and thank you for standing by. Welcome to the American Financial Group 2021 First Quarter Results Conference Call. [Operator Instructions] Please be advised that today s conference is being recorded. [Operator Instructions] I would now like to turn the conference over to your speaker today, Vice President, Investor Relations, Ms. Diane Weidner. Please go ahead.
Diane P. Weidner
Vice President of Investor and Media Relations
Thank you, Chino. Good morning, and welcome to American Financial Group s First Quarter 2021 Earnings Results Conference Call. We released our 2021 first quarter results yesterday afternoon. Our press release, investor supplement and webcast presentation are posted on AFG s website under the Investor Relations section. These materials will be referenced during portions of today s call. I m joined this morning by Carl Lindner III; and Craig Lindner, Co-CEOs of American Financial Group; and Brian Hertzman, AFG s CFO. Before I ....

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Minnesota Insurers Argue Workers' Comp Doesn't Cover Medical Pot – Courthouse News Service

(AP Photo/Richard Vogel, File)
ST. PAUL, Minn. (CN) Two workers’ compensation insurers took on Minnesota’s medical marijuana program Monday at the state’s high court, arguing that continued federal prohibition of cannabis forbids them from paying for injured workers’ use of the drug for pain relief.
The Minnesota Supreme Court heard oral arguments early Monday in the cases of Susan Musta and Daniel Bierbach, two Minnesotans who sought to use medical marijuana to treat pain and disability from work-related injuries. Attorneys for their respective employers’ workers-compensation providers argued that coverage of medical marijuana would put insurers at risk of aiding and abetting a federal crime. ....

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AM Best Upgrades Credit Ratings of Kemper P/C Group and Its Subsidiaries

AM Best Upgrades Credit Ratings of Kemper P/C Group and Its Subsidiaries
January 29, 2021
AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “a-” of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corp., collectively referred to as Kemper Property & Casualty Group.
Kemper P&C’s ratings reflect its balance sheet strength, which AM Best categorizes strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).
The rating upgrades reflect that Kemper P&C has consistently maintained risk-adjusted capitalization measuring at the strongest level in recent years, even while paying significant shareholder dividends. In addition, the group’s loss reserves have generally developed favorably over time. ....

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AM Best Upgrades Credit Ratings of Kemper Corporation, Its Affiliates and Subsidiaries

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AM Best Upgrades Credit Ratings of Kemper Corporation, Its Affiliates and Subsidiaries
AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “a-” of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation (Kemper Corp.) [NYSE: KMPR]
, collectively referred to as Kemper Property & Casualty Group (Kemper P&C). AM Best also has upgraded the FSR to A (Excellent) from A- (Excellent) and the Long-Term ICRs to “a” from “a-” of Kemper Corp.’s life/health subsidiaries, collectively referred to as Kemper Life & Health Group (Kemper L&H) (Chicago, IL). Concurrently, AM Best has upgraded the Long-Term ICR and the Long-Term Issue Credit Ratings (Long-Term IR) to “bbb” from “bbb-” and upgraded the indicative Long-Term IRs of Kemper Corp., the ultimate parent,headquartered in C ....

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Bearley Promoted to President of Great American's P/C Group Bond Unit

Bearley Promoted to President of Great American’s P/C Group Bond Unit
January 20, 2021
Cincinnati, Ohio-based Great American Insurance Group has promoted Kenneth (Ken) R. Bearley to divisional president within its Property/Casualty Group’s Bond Division.
Bearley joined Great American in 1994 as an underwriter in the Bond Division’s Pittsburgh office. He became a bond manager and then director before transferring to Cincinnati and has served in various leadership roles with increasing responsibility.
In his most recent role as divisional executive vice president, he oversaw all contract surety business written in the United States and Europe.
Ken Bearley.
Bearley earned a bachelor’s degree in finance from the University of Central Florida and a Master of Business Administration (MBA) from Queens University of Charlotte. ....

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