Company: AFGC
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001140361-25-012231
Chunk: 4

Company: AMERICAN FINANCIAL GROUP INC
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 4
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     | Code of Ethics that applies to all officers, employees and directors, is rooted in our values and is designed to promote the highest standards of ethical conduct. |
|                  |     | Active and robust ethics and compliance program, which includes required regular employee training. |     |                                                                                                                                                                    |
|                  |     | Committed to corporate responsibility and reports on our efforts are accessible on our website.     |     |                                                                                                                                                                    |

| 62025 Proxy Statement | American Financial Group |

TABLE OF CONTENTS Overview of Board Nominees Overview of Board Nominees

| 2025 Proxy Statement | American Financial Group7 |

TABLE OF CONTENTS

Proposal No. 1 Election of 12 Directors

The Board of Directors oversees the management of the Company on your behalf. The Board reviews AFG’s long-term strategic plans and exercises direct decision-making authority in key areas such as choosing the Co-Chief Executive Officers, setting the scope of their authority to manage the Company’s business day-to-day, and evaluating senior management performance. Upon the recommendation of the Corporate Governance Committee, the Board of Directors has nominated 12 individuals, each of whom is an incumbent director, to hold office until the next annual meeting of shareholders and until their successors are elected and qualified. If any of the nominees should become unable to serve as a director, the proxies will be voted for any substitute nominee designated by the Board of Directors but, in any event, no proxy may be voted for more than 12 nominees. Each nominee brings a strong and unique background and set of qualifications to the Board, giving the Board as a whole competence and experience in a wide variety of areas central to the Company’s businesses, including corporate governance and board service, executive management and entrepreneurial experience and insurance, finance and accounting expertise. We believe that having multiple independent directors who have served through many insurance cycles (that often last upward of five to seven years) enhances their ability to effectively respond to ever-changing conditions in the property and casualty insurance industry. Most recently, in February 2025, the Board added Messrs. Lindner, Jr. and Thompson as Directors. The Board believes that it, the Company and its shareholders will benefit from the experience and perspectives that Mr. Lindner, Jr. and Mr. Thompson bring to the Board, particularly with respect to real estate investment and P&C insurance operations, respectfully. The addition of Messrs. Lindner, Jr. and Thompson also demonstrates the Lindner family’s continued commitment and involvement as significant AFG shareholders.

| The Board of