Press Release

American Financial Group, Inc. Declares Quarterly Dividend

CINCINNATI--(BUSINESS WIRE)--April 2, 2007--American Financial Group, Inc. (NYSE:AFG)(NASDAQ:AFG) announced that it has declared a quarterly dividend of $0.10 per share of American Financial Group Common Stock. The dividend is payable on April 25, 2007, to holders of record on April 13, 2007.

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 traditional fixed, indexed and variable annuities and a variety of supplemental insurance products.

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

SOURCE: American Financial Group, Inc.