American Financial Group, Inc. to Dual List its Common Stock on NASDAQ and NYSE

April 7, 2004

CINCINNATI, April 7 /PRNewswire-FirstCall/ -- American Financial Group, Inc. (NYSE: AFG) announced that it is dual listing its common stock on The Nasdaq National Market effective today. American Financial's common stock will be listed on both the New York Stock Exchange and NASDAQ under the stock ticker "AFG."

"We are pleased to be able to enjoy the benefits of dual listing on two such prestigious stock markets," said Carl H. Lindner, AFG Chairman and Chief Executive Officer. "We believe dual listing on NASDAQ will benefit our shareholders by providing them with a meaningful choice in trading execution."

Through the operations of the Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of retirement annuities, life and supplemental health insurance products.

SOURCE  American Financial Group, Inc.
    -0-                             04/07/2004 R
    /CONTACT:  Anne N. Watson, Vice President-Investor Relations of American
Financial Group, Inc., +1-513-579-6652/
    /Web site:

CO:  American Financial Group, Inc.; American Insurance Group
ST:  Ohio

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