Great American Financial Resources, Inc. Announces Its 2006 First Quarter Conference Call and Webcast

April 19, 2006

CINCINNATI, April 19 /PRNewswire-FirstCall/ -- Great American Financial Resources, Inc. (NYSE: GFR) expects to release its 2006 first quarter results on Tuesday, April 25, 2006 after the market closes. The earnings release will be available shortly thereafter on GAFRI's website at http://www.gafri.com.

(Logo: http://www.newscom.com/cgi-bin/prnh/20041206/CLM061LOGO)

In conjunction with the earnings release, GAFRI's results will be discussed as part of a conference call being conducted by American Financial Group, Inc. (NYSE: AFG), GAFRI's majority shareholder. The call will be held at 11:30 a.m. EDT on Wednesday, April 26, 2006. There are two alternative communication modes available to listen to the call.

Over the Telephone

Telephone access will be available by dialing 1-866-356-3093 (International dial-in 617-597-5381). Please dial in 5 to 10 minutes prior to the scheduled start time. A replay of the call will also be available two hours following the completion of the call, at approximately 1:30 p.m., and will run until 11:59 p.m. on May 3, 2006. To listen to the replay, dial 1-888-286-8010 (International dial-in 617-801-6888) and provide the confirmation code 83054586.

Live on the Internet

The conference call will also be broadcast live over the Internet. To listen to the call via the Internet, go to AFG's website, www.afginc.com, and follow the instructions at the Webcast link in the Investor Relations section.

The archived webcast will be available immediately after the call on AFG's website until Wednesday, May 3, 2006 at 11:59 p.m.

About GAFRI

GAFRI is a Cincinnati-based insurance holding company with nearly $12 billion in assets. The Company's subsidiaries include Great American Life Insurance Company, Annuity Investors Life Insurance Company, United Teacher Associates Insurance Company (headquartered in Austin, Texas) and Loyal American Life Insurance Company. Through these companies, GAFRI markets traditional fixed, indexed and variable annuities and a variety of supplemental insurance products.

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 encourages corporations to provide investors with information about the Company's anticipated performance and provides protection from liability if future results are not the same as management's expectations. Documents may contain certain forward-looking statements that are based on assumptions which management believes are reasonable but, by their nature, inherently uncertain.

Future events and results could differ materially from those projected. Factors that could cause such differences include, but are not limited to: changes in economic conditions, market interest rates, regulatory actions and operating results and physical condition of the subject property. Forward- looking statements are made only as of the date of their release and GAFRI does not have any obligation to update any forward-looking statements to reflect subsequent events or circumstances.

SOURCE Great American Financial Resources, Inc.

CONTACT: Mark F. Muething, Executive Vice President of Great American
Financial Resources, Inc., 1-513-333-5515
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20041206/CLM061LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
Web site: http://www.gafri.com
http://www.afginc.com
(GFR AFG)