Company: AFGC
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001140361-25-012231
Chunk: 52

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 52
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    |     |       782,000 |     |    759,000 |     |          759,000 |     |             — |     |  2,300,000 |     |   3,450,000 |
| John B. Berding     |     |       595,000 |     |    577,500 |     |          577,500 |     |             — |     |  1,750,000 |     |   2,450,000 |
| Brian S. Hertzman   |     |        80,000 |     |     80,000 |     |           80,000 |     |       160,000 |     |    400,000 |     |     500,000 |
| Mark A. Weiss       |     |        76,000 |     |     76,000 |     |           76,000 |     |       152,000 |     |    380,000 |     |     475,000 |

Annual Bonus Plan – 2024 Components Operating EPS is calculated as the Company’s diluted core earnings per share.Annual ROE is calculated as the percentage equal to the Company’s core operating earnings divided by the Company’s shareholders’ equity (excluding accumulated other comprehensive income).Relative Annual GBVPS is defined as annual growth in book value per share, excluding accumulated other comprehensive income (“AOCI”), plus dividends, relative to AFG’s Compensation Peer Group companies. Each of Operating EPS, Annual ROE and Relative Annual GBVPS are as reported to shareholders in the Company’s quarterly earnings releases and exclude certain items that may not be indicative of its ongoing core operations such as the impact of discontinued operations, net realized gains and losses and special items that are not necessarily indicative of operating trends. In setting the 2024 target and maximum levels, the Compensation Committee considered AFG’s 2024 business plan and factors which might impact ongoing earnings, including, but not limited to, competition, market influences, projective competitor performance, governmental regulation and the Board of Directors’ desire to devote resources to other internal corporate objectives, such as acquisitions or start-ups. For each metric, the Committee set the target at levels that would represent very strong Company performance and the maximum at levels that would represent extraordinary performance, both objectively under AFG’s business plan and comparatively relative to its peers’ projected performance.

| Operating EPS   |     | Award as      
 Percentage of 
 Target(