UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended March 31, 2005
AMERICAN FINANCIAL GROUP, INC.
One East Fourth Street, Cincinnati, Ohio 45202
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(Name and Address of Institutional Investment Manager Filing this Report)
Form 13F File Number: 28-4389
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Robert H. Ruffing
Vice President and Controller
(513) 579-2144
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(Name, Title and Phone Number of Person Signing
this Report on Behalf of Reporting Manager)
Signature:
s/Robert H. Ruffing Cincinnati, Ohio May 11, 2005
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Robert H. Ruffing
Vice President and Controller
Report Type:
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
Page 1 of 4
FORM 13F SUMMARY PAGE
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Number of Other Included Managers: 2
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Form 13F Information Table Entry Total: 95
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Form 13F Information Table Value Total (thousands): $ 1,225,948
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Name and 13F file numbers of all Institutional Investment Managers with respect
to which this schedule is filed (other than American Financial Group, Inc.):
Number 13F File Number Name of Subsidiary
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1. 28-498 Great American Insurance Company
2. Unassigned Great American Financial Resources
Page 2
FORM 13F INFORMATION TABLE
Column 4: Column 5: Column 8:
Column 2: Market Shares or Column 6: Column 7: Voting Authority
Column 1: Title of Column 3: Value Principal Investment Other ---------------------------
Name of Issuer Class CUSIP (000's) Amount Discretion Managers Sole Shared None
-------------- ---------------- ----------- --------- ------------ ---------- -------- ---------- ------ ---------
HOLDINGS OF GREAT AMERICAN INSURANCE COMPANY
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ENDURANCE SPECIALTY HLDGS LT SHS G30397 10 6 15,514 410,000SH Defined 1 410,000
GLOBAL CROSSING LTD SHS NEW G3921A 17 5 101 6,521SH Defined " 6,521
AMERICAN ELEC PWR INC COM 025537 10 1 2,827 83,000SH Defined " 83,000
AMERICAN INTL GROUP INC COM 026874 10 7 9,198 166,000SH Defined " 166,000
CV THERAPEUTICS INC COM 126667 10 4 1,527 75,000SH Defined " 75,000
CABLEVISION SYS CORP CL A NY CABLVS 12686C 10 9 1,403 50,000SH Defined " 50,000
CITIGROUP INC COM 172967 10 1 13,482 300,000SH Defined " 300,000
COMCAST CORP NEW CL A 20030N 10 1 681 20,153SH Defined " 20,153
COMCAST CORP NEW CL A SPL 20030N 20 0 1,831 54,760SH Defined " 54,760
DPL INC COM 233293 10 9 5,440 217,600SH Defined " 217,600
ENERGY EAST CORP COM 29266M 10 9 2,105 80,300SH Defined " 80,300
FIFTH THIRD BANCORP COM 316773 10 0 6,256 145,563SH Defined " 145,563
GENTEK INC COM NEW 37245X 20 3 412 25,000SH Defined " 25,000
GREAT AMERN FINL RES INC COM 389915 10 9 653,308 38,565,995SH Defined " 38,565,995
INTEGRATED ELECTRICAL SVC COM 45811E 10 3 552 200,000SH Defined " 200,000
INTERNATIONAL STL GROUP INC COM 460377 10 4 881 22,300SH Defined " 22,300
JPMORGAN & CHASE & CO COM 46625H 10 0 4,498 130,000SH Defined " 130,000
MARSH SUPERMARKETS INC CL B 571783 20 8 7,443 602,644SH Defined " 602,644
MARSH SUPERMARKETS INC CL A 571783 30 7 7,879 709,844SH Defined " 709,844
MERCK & CO INC COM 589331 10 7 1,619 50,000SH Defined " 50,000
NTL INC DEL COM 62940M 10 4 9,074 142,523SH Defined " 142,523
NATIONAL CITY CORP COM 635405 10 3 140,639 4,198,189SH Defined " 4,198,189
NATIONAL INTERSTATE CORP COM 63654U 10 0 171,360 10,200,000SH Defined " 10,200,000
NEWS CORP CL B 65248E 20 3 1,057 60,000SH Defined " 60,000
NISOURCE INC COM 65473P 10 5 3,532 155,000SH Defined " 155,000
PNC FINL SVCS GROUP INC COM 693475 10 5 3,295 64,000SH Defined " 64,000
PEPCO HOLDINGS INC COM 713291 10 2 850 40,500SH Defined " 40,500
PETROLEUM GEO SVCS ASA NEW SPONSORED ADR 716599 10 5 672 10,000SH Defined " 10,000
PFIZER INC COM 717081 10 3 8,538 325,000SH Defined " 325,000
PROGRESS ENERGY INC COM 743263 10 5 1,665 39,700SH Defined " 39,700
QWEST COMMUNICATIONS INTL IN COM 749121 10 9 66 17,902SH Defined " 17,902
SBC COMMUNICATIONS INC COM 78387G 10 3 1,421 60,000SH Defined " 60,000
SANDISK CORP COM 80004C 10 1 1,390 50,000SH Defined " 50,000
SARA LEE CORP COM 803111 10 3 1,108 50,000SH Defined " 50,000
SEABULK INTL INC COM 81169P 10 1 883 42,456SH Defined " 42,456
SIRVA INC COM 82967Y 10 4 1,841 259,000SH Defined " 259,000
SUNTERRA CORP COM NEW 86787D 20 8 980 65,000SH Defined " 65,000
TIME WARNER INC COM 887317 10 5 459 26,149SH Defined " 26,149
TYCO INTL LTD NEW COM 902124 10 6 1,521 45,000SH Defined " 45,000
UNITED AUTO GROUP INC COM 909440 10 9 1,102 39,600SH Defined " 39,600
VIACOM INC CL B 925524 30 8 1,567 45,000SH Defined " 45,000
WASHINGTON MUT INC COM 939322 10 3 1,585 40,134SH Defined " 40,134
ZENITH NATL INS CORP COM 989390 10 9 1,281 24,700SH Defined " 24,700
HOLDINGS OF OTHER ENTITIES EACH HAVING LESS THAN $100 MILLION IN 13F SECURITIES
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GLOBAL CROSSING LTD SHS NEW G3921A 17 5 221 14,224SH Defined 1,2 14,224
AMERICAN INTL GROUP INC COM 026874 10 7 9,298 167,800SH Defined " 167,800
BRISTOL MYERS SQUIBB CO COM 110122 10 8 255 10,000SH Defined 1 10,000
BRISTOL MYERS SQUIBB CO COM 110122 10 8 255 10,000SH Other 10,000
CV THERAPEUTICS INC COM 126667 10 4 1,873 92,000SH Defined 1,2 92,000
CV THERAPEUTICS INC COM 126667 10 4 407 20,000SH Other 20,000
CABLEVISION SYS CORP CL A NY CABLVS 12686C 10 9 4,488 160,000SH Defined 1,2 160,000
CABLEVISION SYS CORP CL A NY CABLVS 12686C 10 9 281 10,000SH Other 10,000
CITIGROUP INC COM 172967 10 1 3,820 85,000SH Defined 1,2 85,000
CITIGROUP INC COM 172967 10 1 2,022 45,000SH Other 45,000
COMCAST CORP NEW CL A SPL 20030N 20 0 9,330 279,000SH Defined 1,2 279,000
DPL INC COM 233293 10 9 1,250 50,000SH Defined 1 50,000
DPL INC COM 233293 10 9 250 10,000SH Other 10,000
ENERGY EAST CORP COM 29266M 10 9 2,098 80,000SH Defined 1 80,000
FIFTH THIRD BANCORP COM 316773 10 0 6,408 149,100SH Defined 1,2 149,100
FIFTH THIRD BANCORP COM 316773 10 0 2,579 60,000SH Other 60,000
GENTEK INC COM NEW 37245X 20 3 660 40,000SH Defined 1,2 40,000
JOHN HANCOCK BK &THRIFT OPP SH BEN INT 409735 10 7 650 67,200SH Other 67,200
HOST MARRIOTT CORP NEW COM 44107P 10 4 167 10,110SH Other 10,110
INSTEEL INDUSTRIES INC COM 45774W 10 8 1,610 107,172SH Defined 1,2 107,172
INTEGRATED ELECTRICAL SVC COM 45811E 10 3 946 342,800SH Defined " 342,800
INTERNATIONAL STL GROUP INC COM 460377 10 4 3,081 78,000SH Defined " 78,000
JPMORGAN & CHASE & CO COM 46625H 10 0 692 20,000SH Defined " 20,000
JPMORGAN & CHASE & CO COM 46625H 10 0 1,730 50,000SH Other 50,000
LAIDLAW INTL INC COM 50730R 10 2 1,426 68,543SH Defined 1,2 68,543
MERCK & CO INC COM 589331 10 7 324 10,000SH Defined 1 10,000
NRG ENERGY INC COM NEW 629377 50 8 1,482 43,411SH Defined 1,2 43,411
NTL INC DEL COM 62940M 10 4 19,869 312,065SH Defined " 312,065
NTL INC DEL COM 62940M 10 4 1,886 29,618SH Other 29,618
NATIONAL CITY CORP COM 635405 10 3 5,312 158,562SH Defined 1,2 158,562
NATIONAL CITY CORP COM 635405 10 3 1,394 41,603SH Other 41,603
NEWS CORP CL B 65248E 20 3 1,409 80,000SH Defined 1,2 80,000
NISOURCE INC COM 65473P 10 5 684 30,000SH Defined 1 30,000
PEPCO HOLDINGS INC COM 713291 10 2 210 10,000SH Defined " 10,000
PETROLEUM GEO SVCS ASA NEW SPONSORED ADR 716599 10 5 1,008 15,000SH Defined 1,2 15,000
PFIZER INC COM 717081 10 3 4,334 165,000SH Defined " 165,000
PFIZER INC COM 717081 10 3 2,102 80,000SH Other 80,000
PIMCO HIGH INCOME FD COM SHS 722014 10 7 5,881 417,700SH Defined 1,2 417,700
POPULAR INC COM 733174 10 6 9,209 378,640SH Defined " 378,640
SBC COMMUNICATIONS INC COM 78387G 10 3 474 20,000SH Defined 1 20,000
SANDISK CORP COM 80004C 10 1 1,390 50,000SH Defined 1,2 50,000
SANTANDER BANCORP COM 802809 10 3 876 33,275SH Defined " 33,275
SEABULK INTL INC COM 81169P 10 1 407 19,600SH Sole 19,600
SEABULK INTL INC COM 81169P 10 1 2,969 142,820SH Defined 1,2 142,820
SIRVA INC COM 82967Y 10 4 2,589 364,100SH Defined " 364,100
SUNTERRA CORP COM NEW 86787D 20 8 2,262 150,000SH Defined " 150,000
US BANCORP DEL COM NEW 902973 30 4 820 28,462SH Other 28,462
UNITED AUTO GROUP INC COM 909440 10 9 1,622 58,300SH Defined 1,2 58,300
VIACOM INC CL B 925524 30 8 5,225 150,000SH Defined " 150,000
VIACOM INC CL B 925524 30 8 871 25,000SH Other 25,000
WASHINGTON MUT INC COM 939322 10 3 2,180 55,179SH Defined 1 55,179
ZENITH NATL INS CORP COM 989390 10 9 519 10,000SH Other 10,000
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REPORT TOTAL $1,225,948
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