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AFG - Old Republic International: A Stock Every Income-Focused Investor Should Own
American Financial Group Inc.
2024-02-09 07:00:00 ET
Summary
Old Republic International is a reliable dividend-paying stock with a long track record of dividend increases.
The company reported steady earnings and net income growth, although there was a slight decline in EPS and net premiums.
Old Republic is shareholder-friendly, occasionally paying special dividends and conducting share buybacks, and has outperformed the S&P over the long term.
Elevated mortgage rates and a soft real estate market has caused a drop in net premiums and fees earned. If rates remain higher for longer, this could continue as a headwind going forward, impacting earnings in the process.