Press Release

American Financial Group Management to Present at the Credit Suisse First Boston Insurance Conference

CINCINNATI--(BUSINESS WIRE)--Nov. 9, 2006--American Financial Group, Inc. (NYSE:AFG) (NASDAQ:AFG) announced today that Carl H. Lindner III, Co-Chief Executive Officer, and Keith A. Jensen, Senior Vice President and Chief Financial Officer, will make a company presentation at the Credit Suisse First Boston (CSFB) Insurance Conference at CSFB's One Madison Avenue office in New York City, on Thursday, November 16, 2006 at 9:30 AM. The presentation may include forward-looking and other material information.

Their presentation will be broadcast live over the Internet via the Webcast link below within the Investor Relations section of AFG's website, www.afginc.com. (http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c =89330&eventID=1416758) (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)

A replay of the broadcast will be available for 30 days at the same website approximately 24 hours after the presentation.

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, supplemental insurance and life products.

CONTACT: American Financial Group, Inc.
Anne N. Watson, 513-579-6652
Vice President-Investor Relations
www.afginc.com
www.GreatAmericanInsurance.com SOURCE: American Financial Group, Inc.