Company: AFGC
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001140361-25-012231
Chunk: 72

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 72
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 16,851.7 |     | 16,743.8 |     |     4,137.0 |     |     8,637.2 |     |  8,602.3 |     |     1,659.5 |

| (3) | For 2024 and 2023, the Other NEOs were John B. Berding, Brian S. Hertzman, David L. Thompson, Jr. and Mark A. Weiss. For 2022, the Other NEOs were John B. Berding, Brian S. Hertzman, Vito C. Peraino and David L. Thompson, Jr. For 2021 and 2020, our Other NEOs were John B. Berding, Michelle A. Gillis, Brian S. Hertzman and Vito C. Peraino. |

| 662025 Proxy Statement | American Financial Group |

TABLE OF CONTENTS Executive Compensation

| (4) | For the relevant fiscal year, the dollar amounts reported represent the cumulative total shareholder return (TSR) of the S&P 500 Property & Casualty Index (“Peer Group TSR”) for the measurement periods ending on December 31 of each of 2024, 2023, 2022, 2021 and 2020, respectively. |

| (5) | The dollar amounts reported represent the amount of net income (loss) reflected in our consolidated audited financial statements in the Company’s Annual Reports on Form 10-K for each of the years ended December 31, 2024, 2023, 2022, 2021 and 2020, respectively. |

The most important financial performance measures that link “compensation actually paid” to named executive officers in the applicable year to company performance are listed below. For a description of these financial measures, see pages 48- 56.

| Most Important Performance Measures                                        |
| Core Earnings per Share                                                    |
| Book Value per Share Growth vs. Industry Companies One Year and Three Year |
| Core Return on Equity One Year and Three Year                              |

Relationship Between Compensation Actually Paid and Performance Measures In the “Compensation Discussion and Analysis” section beginning on page 40of this proxy statement, we provide greater detail on the elements of our executive compensation program and our “pay-for-performance” compensation philosophy. We believe the Company’s executive compensation program and the executive compensation decisions included in the Summary Compensation Table and related disclosures appropriately reward our Co-CEOs