Press Release

American Financial Group, Inc. Declares Quarterly Dividend

CINCINNATI, April 3 /PRNewswire-FirstCall/ -- American Financial Group, Inc. (NYSE: AFG; Nasdaq) announced that it declared a quarterly dividend of $.1375 per share of American Financial Group Common Stock. The dividend is payable on April 25, 2006 to holders of record on April 13, 2006.

(Logo: http://www.newscom.com/cgi-bin/prnh/20041208/CLW086LOGO )

Through the operations of 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, and supplemental health insurance products.

SOURCE  American Financial Group, Inc.
    -0-                             04/03/2006
    /CONTACT:  Anne N. Watson, Vice President - Investor Relations of American
Financial Group, Inc., +1-513-579-6652/
    /Photo:  http://www.newscom.com/cgi-bin/prnh/20041208/CLW086LOGO
              AP Archive:  http://photoarchive.ap.org
              PRN Photo Desk, photodesk@prnewswire.com/
    /Web site:  http://www.afginc.com
                http://www.GreatAmericanInsurance.com /
    (AFG)

CO:  American Financial Group, Inc.
ST:  Ohio
IN:  INS FIN
SU:  DIV

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