CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) previously announced that a wholly-owned subsidiary of AFG had reached agreements (“Agreements”) to sell the hotel and related assets and the marina comprising Charleston Harbor Resort & Marina (“Charleston Harbor”), a premier resort property and marina located in Charleston, South Carolina. On June 6, 2025, the Agreements were terminated. AFG will continue to evaluate strategic alternatives for the property. Charleston...OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Michigan Professional Insurance Exchange (MPIE) (Grand Rapids, MI). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process. The ratings reflect MPIE’s balance sheet strength, which AM Best a...RESTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) announced today that its President and Chief Executive Officer, John Mengucci, was named Public Company Executive of the Year by the Association of Corporate Growth (ACG) National Capital chapter. Mengucci was recognized as an industry leader and the chief architect of CACI’s unrivaled market-aligned business strategy designed to propel the company’s growth, and drive both innovation and differentiation. The recognition was award...HOUSTON--(BUSINESS WIRE)--Capvidia, azienda all'avanguardia nella definizione basata sui modelli (MBD) e l'interoperabilità digitale, ha annunciato il supporto completo all'integrazione per la più recente versione del software NX™ di Siemens. Questo importante sviluppo migliora l'abilitazione delle caratteristiche basate sui modelli (MBC) tramite lo standard QIF, rafforzando il digital thread dalla progettazione alla qualità e alla produzione tra OEM e le loro supply chain globali. Con questa v...TORONTO--(BUSINESS WIRE)--Western Metallica Resources Corp. (TSXV: WMS) (“Western Metallica” or the “Company”) announces the results of its Annual General and Special Meeting of Shareholders held on June 9th, 2025 (the “Meeting”). Over 30% of the Company’s shares were represented at the Meeting. Detailed results of the vote for the election of Directors held virtually at the Meeting on June 9th, 2025, are set out below: Board of Director Nominees % Votes For % Votes Withheld Gregory Duras 99.25...WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today the approval of the liquidation of First Trust Brazil AlphaDEX® Fund (Nasdaq: FBZ), a series of First Trust Exchange-Traded AlphaDEX® Fund II (the “Fund”). Based upon the recommendation of FTA, the investment advisor of the Fund, the Board of Trustees of First Trust Exchange-Traded AlphaDEX® Fund II determined that it was in the best interests of the Fund to liquidate the Fund. Accordingly, the Board of Trustees a...NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the leadership of Acadia Healthcare Company, Inc. (“Acadia Healthcare”) (NASDAQ: ACHC) breached their fiduciary duties to Acadia Healthcare and its shareholders. CLICK HERE TO LEARN MORE Scott+Scott is investigating whether members of the Acadia Healthcare board of directors or senior management failed to manage Acadia Healthcare...TORONTO--(BUSINESS WIRE)--RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced the results of the votes from its annual meeting of unitholders (the “Meeting”) held today. The total number of units represented by unitholders present in person or by proxy at the Meeting was 172,731,826, representing 58.07% of RioCan’s 296,731,826 outstanding units entitled to be voted. Each of the nominee Trustees listed in the Trust's Management Information Circular dated A...MINNEAPOLIS--(BUSINESS WIRE)--Wolters Kluwer Tax and Accounting (TAA) executive, Cathy Rowe, Senior Vice President and Segment Leader, U.S. Professional Market, delivered a compelling keynote address today at AICPA Engage 2025, held at the Aria Resort and Casino in Las Vegas. Her remarks focused on the accelerating pace of technological change and how integrated tech stacks and agentic AI are reshaping the accounting profession for audit and tax professionals. In her keynote, Rowe emphasized th...HOUSTON--(BUSINESS WIRE)--Capvidia, een pionier op het gebied van Model-Based Definition (MBD) en digitale interoperabiliteit, kondigt volledige integratieondersteuning aan voor de nieuwste Siemens NX™-softwarerelease. Deze belangrijke ontwikkeling verbetert de ondersteuning van Model-Based Characteristics (MBC) via de QIF-standaard en versterkt de digitale lijn van ontwerp naar kwaliteit en productie binnen OEM's en hun wereldwijde toeleveringsketens. Met deze release wordt de NX-software van...

-
    CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) previously announced that a wholly-owned subsidiary of AFG had reached agreements (“Agreements”) to sell the hotel and related assets and the marina comprising Charleston Harbor Resort & Marina (“Charleston Harbor”), a premier resort property and marina located in Charleston, South Carolina. On June 6, 2025, the Agreements were terminated. AFG will continue to evaluate strategic alternatives for the property.
Charleston Harbor includes two full-service hotels, a 459-slip marina, a full-service restaurant, retail store and other resort amenities. AFG first purchased what became known as Charleston Harbor Resort & Marina in 2002 and has made significant improvements since that time, including construction of The Beach Club, a luxury waterfront resort.


About American Financial Group, Inc.


American Financial Group is an insurance holding company, based in Cincinnati, Ohio. Through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses. Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.


Forward Looking Statements


This press release, and any related oral statements, contains certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements in this press release not dealing with historical results are forward-looking and are based on estimates, assumptions, and projections. Examples of such forward-looking statements include statements relating to: the Company's expectations concerning market and other conditions and their effect on future premiums, revenues, earnings, investment activities and the amount and timing of share repurchases or special dividends; recoverability of asset values; expected losses and the adequacy of reserves for asbestos, environmental pollution and mass tort claims; rate changes; and improved loss experience.


Actual results and/or financial condition could differ materially from those contained in or implied by such forward-looking statements for a variety of reasons including, but not limited to: the risks and uncertainties AFG describes in the “Risk Factors” section of its most recent Annual Report on Form 10-K, as updated by its other reports filed with the Securities and Exchange Commission; changes in financial, political and economic conditions, including changes in interest and inflation rates, currency fluctuations and extended economic recessions or expansions in the U.S. and/or abroad; performance of securities markets; new legislation or declines in credit quality or credit ratings that could have a material impact on the valuation of securities in AFG’s investment portfolio; the availability of capital; changes in insurance law or regulation, including changes in statutory accounting rules, including modifications to capital requirements; changes in the legal environment affecting AFG or its customers; tax law and accounting changes; levels of natural catastrophes and severe weather, terrorist activities (including any nuclear, biological, chemical or radiological events), incidents of war or losses resulting from pandemics, civil unrest and other major losses; disruption caused by cyber-attacks or other technology breaches or failures by AFG or its business partners and service providers, which could negatively impact AFG’s business and/or expose AFG to litigation; development of insurance loss reserves and establishment of other reserves, particularly with respect to amounts associated with asbestos and environmental claims; availability of reinsurance and ability of reinsurers to pay their obligations; competitive pressures; the ability to obtain adequate rates and policy terms; changes in AFG’s credit ratings or the financial strength ratings assigned by major ratings agencies to AFG’s operating subsidiaries; the impact of the conditions in the international financial markets and the global economy relating to AFG’s international operations; and effects on AFG’s reputation, including as a result of environmental, social and governance matters.


The forward-looking statements herein are made only as of the date of this press release. The Company assumes no obligation to publicly update any forward-looking statements.

More News From American Financial Group, Inc.

American Financial Group, Inc. Announces Termination of Agreements to Sell Charleston Harbor Resort & Marina

<article>
 <div id="bw-release-story" class="press-release ui-kit-press-release-content overflow-hidden bw-release-story ui-kit-press-release-body__story mt-6 lg:mt-10 font-oxygen text-base font-normal leading-[1.5em] lg:text-xl lg:leading-[1.6em]" style="overflow: hidden; margin-top: 1.5rem; font-family: 'Oxygen', sans-serif; font-size: 1rem; line-height: 1.5em;">
 
 CINCINNATI--(<a href="https://www.businesswire.com" target="_blank" style="color: blue; text-decoration: underline;">BUSINESS WIRE</a>)--American Financial Group, Inc. (NYSE: AFG) previously announced that a wholly-owned subsidiary of AFG had reached agreements (“Agreements”) to sell the hotel and related assets and the marina comprising Charleston Harbor Resort & Marina (“Charleston Harbor”), a premier resort property and marina located in Charleston, South Carolina. On June 6, 2025, the Agreements were terminated. AFG will continue to evaluate strategic alternatives for the property.
 
 
 Charleston Harbor includes two full-service hotels, a 459-slip marina, a full-service restaurant, retail store and other resort amenities. AFG first purchased what became known as Charleston Harbor Resort & Marina in 2002 and has made significant improvements since that time, including construction of The Beach Club, a luxury waterfront resort.
 
 
 About <a rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.afginc.com%2F&amp;esheet=54272284&amp;newsitemid=20250610446645&amp;lan=en-US&amp;anchor=American+Financial+Group%2C+Inc.&amp;index=1&amp;md5=45dc15c5d02203a69fdf44060ed91c5b" shape="rect" target="_blank" style="color: blue; text-decoration: underline;">American Financial Group, Inc.</a>
 
 
 American Financial Group is an insurance holding company, based in Cincinnati, Ohio. Through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses. Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.
 
 
 Forward Looking Statements
 
 
 This press release, and any related oral statements, contains certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements in this press release not dealing with historical results are forward-looking and are based on estimates, assumptions, and projections. Examples of such forward-looking statements include statements relating to: the Company's expectations concerning market and other conditions and their effect on future premiums, revenues, earnings, investment activities and the amount and timing of share repurchases or special dividends; recoverability of asset values; expected losses and the adequacy of reserves for asbestos, environmental pollution and mass tort claims; rate changes; and improved loss experience.
 
 
 Actual results and/or financial condition could differ materially from those contained in or implied by such forward-looking statements for a variety of reasons including, but not limited to: the risks and uncertainties AFG describes in the “Risk Factors” section of its most recent Annual Report on Form 10-K, as updated by its other reports filed with the Securities and Exchange Commission; changes in financial, political and economic conditions, including changes in interest and inflation rates, currency fluctuations and extended economic recessions or expansions in the U.S. and/or abroad; performance of securities markets; new legislation or declines in credit quality or credit ratings that could have a material impact on the valuation of securities in AFG’s investment portfolio; the availability of capital; changes in insurance law or regulation, including changes in statutory accounting rules, including modifications to capital requirements; changes in the legal environment affecting AFG or its customers; tax law and accounting changes; levels of natural catastrophes and severe weather, terrorist activities (including any nuclear, biological, chemical or radiological events), incidents of war or losses resulting from pandemics, civil unrest and other major losses; disruption caused by cyber-attacks or other technology breaches or failures by AFG or its business partners and service providers, which could negatively impact AFG’s business and/or expose AFG to litigation; development of insurance loss reserves and establishment of other reserves, particularly with respect to amounts associated with asbestos and environmental claims; availability of reinsurance and ability of reinsurers to pay their obligations; competitive pressures; the ability to obtain adequate rates and policy terms; changes in AFG’s credit ratings or the financial strength ratings assigned by major ratings agencies to AFG’s operating subsidiaries; the impact of the conditions in the international financial markets and the global economy relating to AFG’s international operations; and effects on AFG’s reputation, including as a result of environmental, social and governance matters.
 
 
 The forward-looking statements herein are made only as of the date of this press release. The Company assumes no obligation to publicly update any forward-looking statements.
 
 
 
 
 </div>
</article>

AFG attempts to sell Charleston Harbor but agreements terminated on June 6, 2025.
Charleston Harbor includes hotels, a marina, and various resort amenities.
AFG plans to explore strategic alternatives for property management.
AFG has invested significantly in Charleston Harbor since its 2002 acquisition.
Forward-looking statements highlighted risks and uncertainties affecting AFG's performance.

American Financial Group, Inc. Announces Termination of Agreements to Sell Charleston Harbor Resort & Marina

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News