Company: AFGC
Filing Date: 2025-09-17
Form Type: 424B5
Source: 0001140361-25-035246
Chunk: 30

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-09-17
Form: 424B5
Chunk 30
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, NON-U.S. AND OTHER TAX LAWS (AND ANY PROPOSED CHANGES IN APPLICABLE LAW).

S-20

TABLE OF CONTENTS

UNDERWRITING We and the underwriters named below, for whom BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are acting as the representatives, have entered into an underwriting agreement dated the date of this prospectus supplement with respect to the senior notes. Subject to certain terms and conditions in the underwriting agreement, we have agreed to sell and each underwriter named below has severally and not jointly agreed to purchase the principal amount of senior notes set forth opposite its name in the following table.

| Underwriters                   |     |    Principal 
    Amount of 
 Senior Notes |
| BofA Securities, Inc.          |     | $108,500,000 |
| J.P. Morgan Securities LLC     |     |  $94,500,000 |
| Wells Fargo Securities, LLC    |     |  $94,500,000 |
| PNC Capital Markets LLC        |     |  $15,750,000 |
| Fifth Third Securities, Inc.   |     |  $12,250,000 |
| MUFG Securities Americas Inc.  |     |  $12,250,000 |
| U.S. Bancorp Investments, Inc. |     |  $12,250,000 |
| Total                          |     | $350,000,000 |

The underwriters are committed to take and pay for all of the senior notes being offered, if any are taken. If an underwriter defaults, the underwriting agreement provides that the purchase commitments of the nondefaulting underwriters may be increased or the underwriting agreement may be terminated. Senior notes sold by the underwriters to the public will initially be offered at the initial public offering price set forth on the cover of this prospectus supplement. Any senior notes sold by the underwriters to securities dealers may be sold at a discount from the initial public offering price of up to 0.400% of the principal amount of senior notes. Any such securities dealers may resell any senior notes purchased from the underwriters to certain other brokers or dealers at a discount from the initial public offering price of up to 0.250% principal amount of senior notes. If all the senior notes are not sold at the initial offering price, the underwriters may change the offering price and the other selling terms. This offering of the senior notes by the