Company: AFGC
Filing Date: 2025-09-17
Form Type: 424B5
Source: 0001140361-25-035246
Chunk: 7

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-09-17
Form: 424B5
Chunk 7
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 Notes”. Ranking The senior notes are senior unsecured obligations and rank equally with all of our other unsecured and

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#### TABLE OF CONTENTS
unsubordinated indebtedness. For further discussion of indebtedness to which the senior notes are subordinated, see “Description of Senior Notes - Ranking”.

#### Listing and Trading
We do not intend to list the senior notes on any securities exchange or include the senior notes in any automated quotation system.

#### Trustee
U.S. Bank Trust Company, National Association.

#### Governing Law
The indenture and the senior notes will be governed by the laws of the State of New York.

#### Risk Factors
Investing in the senior notes involves risks that are described in the “Risk Factors” section beginning on page S- 4 of this prospectus supplement, page 3 of the accompanying prospectus and those risk factors incorporated by reference into this prospectus supplement and the accompanying prospectus from our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and other documents set forth under “Where You Can Find More Information” in this prospectus supplement and the accompanying prospectus.

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TABLE OF CONTENTS

RISK FACTORS Before you invest in the senior notes, you should carefully consider the risks involved. Accordingly, you should carefully consider the information contained in or incorporated by reference into this prospectus supplement, the accompanying prospectus, and any free writing prospectus, including the risk factors listed below, and those risk factors incorporated by reference into this prospectus from our Annual Report on Form 10-K for the year ended December 31, 2024 and in the other documents incorporated by reference in this prospectus supplement. The risks and uncertainties we have described are not the only ones we face. Additional risks and uncertainties not presently known to us or that we currently deem immaterial may also affect us. These risks could materially affect our business, results of operations or financial condition and cause the value of our securities to decline or could result in a complete loss of your investment. There may not be a public market for the senior notes. The senior notes are a new issue of securities with no established trading market. We do not intend to list the senior notes on a national securities exchange. We have been advised by the underwriters that the underwriters intend to make a market in the senior notes but are not obligated to do so and may discontinue market making at any time without notice. We cannot assure