Company: AFGC
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001140361-25-012231
Chunk: 59

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 59
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110,000 or more annually) may defer up to 80% of their annual salary and/or bonus. For 2024, participants could elect to have the value of deferrals earn a fixed rate of interest, set annually by the Board of Directors (6.0% in 2024); or earn a return as determined by one or more publicly traded mutual funds. A deferral term of either a fixed number of years or upon termination of employment must be elected at the time of deferral. Under the plan, no federal or state income taxes are paid on deferred compensation. Rather, such taxes will be due upon receipt at the end of the deferral period.

| 2025 Proxy Statement | American Financial Group55 |

TABLE OF CONTENTS Compensation Discussion and Analysis Retirement and Other Related Benefits The Company provides retirement benefits to NEOs through a combination of qualified (under the Internal Revenue Code) and nonqualified plans. AFG provides retirement benefits to all qualified employees through the 401(k) Retirement and Savings Plan (“RASP”), a defined contribution plan. AFG matches 100% on the first 3% of employee contributions and an additional 50% on the next 3% of employee contributions and makes discretionary contributions to the retirement fund portion of the plan. The amount of such contributions and matching payments are based on a percentage of the employee’s salary up to certain thresholds. AFG also makes available to certain employees benefits in its Nonqualified Auxiliary RASP (“Auxiliary RASP”). The purpose of the Auxiliary RASP is to enable employees whose contributions in the retirement contribution portion of the RASP are limited by IRS regulations to have an additional benefit to the RASP.

| 562025 Proxy Statement | American Financial Group |

TABLE OF CONTENTS

Executive Compensation Summary Compensation Table The following table summarizes the aggregate compensation paid to or earned by the NEOs for each of the last three years. Such compensation includes amounts paid by AFG and its subsidiaries and certain affiliates for the years indicated. Amounts shown relate to the year indicated, regardless of when paid. AFG has no employment agreements with the NEOs.

| Name and                                                                
 Principal Position                                                      |     |     ​Year |     |    Salary 
    ($)(1) |     |     Stock 
    Awards 
    ($)(2) |     |     Non-Equity 
 Incentive Plan 
   Compensation 
         ($)(3) |     |    All Other 
 Compensation 
       ($)(4) |     | Total       
 ($)         |
| Carl