Company: AFGC
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001140361-25-012231
Chunk: 1

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 1
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| 3     |     | Advisory Vote to Approve Compensation                                                                                
 of Named Executive Officers (“Say-on-Pay”)                                                                           |     | FOR            |     | Page19 |
| 4     |     | Amendment to the Amended and Restated 2015 Stock Incentive Plan Solely to Add Non-Employee Directors as Participants |     | FOR            |     | Page20 |

| 2025 Proxy Statement | American Financial Group1 |

TABLE OF CONTENTS PROXY STATEMENT SUMMARY

Board Communications:

| Joseph C. Alter                      
 Vice President, Deputy General       
 Counsel & Secretary                  
 American Financial Group, Inc.       
 Great American Insurance Group Tower 
 301 East Fourth Street               
 Cincinnati, Ohio 45202               |     | Gregory G. Joseph                    
 Lead Independent Director            
 American Financial Group, Inc.       
 Great American Insurance Group Tower 
 301 East Fourth Street               
 Cincinnati, Ohio 45202               |

Throughout this proxy statement, we refer to information and documents that are available on our website. The content posted on, or accessible through, our website is not incorporated by reference into this proxy statement or any of our filings with the SEC and may be revised by us (in whole or in part) at any time and from time to time. OUR VALUES Our values form the foundation of our business, shape our priorities, and set our expectations for how we conduct our business, service our customers and interact with each other.

| 22025 Proxy Statement | American Financial Group |

TABLE OF CONTENTS PROXY STATEMENT SUMMARY

OUR PURPOSE We enable individuals and businesses to manage financial risk by providing insurance products and services tailored to meet their specific and ever-changing financial risk exposures. We build value for our investors through the strength of our customers’ satisfaction and by consistently producing superior operating results. A HISTORY DATING BACK MORE THAN 150 YEARS Our business operates under the Great American Insurance Group, whose history dates back to 1872, with the founding of Great American Insurance Company.

| 7.7%                                              |
| Points of Statutory Combined Ratio outperformance 
 vs. peers(1)over                                  
 10 year period ended                              
 12/31/2024                                        |

| ~55%                |
| Specialty P&C       
 Group gross written 
 premium produced    
 by businesses with  
 “top 10” market     
 rankings            |

| 12 years           |
| Consecutive years  
 Specialty P&C GAAP 
 Combined Ratio has 
 been under 94%     |

| (1)