American Financial Group Lifted Its Dividend 10.2% and Kept Buying Back Stock

American Financial Group (AFG) increased its annual dividend by 10.2% and has an impressive 21-year streak of dividend increases, along with a near 2.5% dividend yield. The property and casualty insurer reported a strong combined ratio of 91.6% in Q2 2026, improving from the previous year, and continued its stock buyback program, purchasing $86 million in shares year-to-date. Despite increasing competition in the insurance industry, the company's stock appears reasonably priced, making it an attractive option for dividend growth investors.