Company: AFGC
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001140361-25-012231
Chunk: 37

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 37
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 policy is not in written form except as a part of listing agreements with the NYSE. However, approval of such related person transactions is evidenced by Audit Committee resolutions in accordance with our practice of reviewing and approving transactions in this manner. Other than as follows, there were no such transactions in 2024 requiring disclosure under applicable rules. Craig Lindner, Jr., son of S. Craig Lindner, who serves as Divisional President of AFG Real Estate Investments, received salary and bonus of approximately $1.9 million in 2024. A son-in-law of Mr. Berding is employed by the Company and received salary and bonus of $174,000 for 2024. Both also participate in employee benefit plans, including equity incentive plans, and Mr. Lindner, Jr. is eligible to receive perquisites commensurate with his position and tenure with the Company. FC Cincinnati Holdings LLC and its subsidiaries and affiliates (collectively, “FC Cincinnati”) is a member of Major League Soccer and operates a professional soccer franchise in Cincinnati, Ohio. Carl H. Lindner III is the principal investor and Chief Executive Officer of FC Cincinnati and controls that entity by contract. The Company and its subsidiaries have several relationships with FC Cincinnati. The Company purchases tickets and merchandise from FC Cincinnati at rates generally offered to the public as it has for many years purchased tickets and merchandise from other local professional franchises and universities. In 2024, the Company paid approximately $76,100 to FC Cincinnati for tickets and merchandise. FC Cincinnati also purchases insurance policies from a subsidiary of the Company, and through a subsidiary insurance agency, under the same terms that would prevail between unrelated third parties. These amounts totaled approximately $112,000 in 2024. Mr. Thompson and a brother of Mr. Joseph are part owners of FC Cincinnati.

| 2025 Proxy Statement | American Financial Group39 |

TABLE OF CONTENTS

Compensation Discussion and Analysis Named Executive Officers In this section, we describe the material components of our executive compensation program for our named executive officers whose compensation is displayed in the 2024 Summary Compensation Table and the other compensation tables contained in this proxy statement. We also provide an overview of our executive compensation philosophy, and we explain how and why the Compensation Committee arrives at specific compensation policies and decisions. Our 2024 named executive officers (“NEOs”) are our Co-Chief Executive Officers (“Co-CEOs”), our principal financial officer and the three other most highly compensated executive officers employed at the end of 2024. These persons include:

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