SEC FORM 13F-HR

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 03-31-2024
Check here if Amendment    Amendment Number:
This Amendment (Check only one.):    is a restatement.
   adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: AMERICAN FINANCIAL GROUP INC
Address: GREAT AMERICAN INSURANCE GROUP TOWER
301 E. 4TH STREET
CINCINNATI, OH  45202
Form 13F File Number: 028-04389
CRD Number (if applicable):
SEC File Number (if applicable):

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.

Person Signing this Report on Behalf of Reporting Manager:
Name: Robert A. Dee
Title: Vice President and Controller
Phone: 513-579-2153
Signature, Place, and Date of Signing:
/s/ Robert A. Dee CINCINNATIOH 05-08-2024
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
   13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
   13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 93
Form 13F Information Table Value Total: 266,142
(round to nearest dollar)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Name Form 13F File Number CRD No. (if applicable) SEC File No. (if applicable) CIK
1 Great American Insurance Company 028-00498      

SEC FORM 13-F Information Table

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
INVESCO LTD SHS G491BT108   4,065 245,000 SH   DFND 1 245,000 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128   874 125,000 SH   DFND 1 125,000 0 0
AST SPACEMOBILE INC COM CL A 00217D100   791 272,727 SH   DFND 1 272,727 0 0
ALLIANCE RESOURCE PARTNERS L UT LTD PART 01877R108   511 25,500 SH   DFND 1 25,500 0 0
ALTENERGY ACQUISITION CORP COM CL A 02157M108   5,600 500,000 SH   DFND 1 500,000 0 0
KINETIK HOLDINGS INC COM NEW CL A 02215L209   538 13,500 SH   DFND 1 13,500 0 0
AMERICAN WOODMARK CORPORATIO COM 030506109   2,940 28,924 SH   DFND 1 28,924 0 0
ALBERTSONS COS INC COMMON STOCK 013091103   16,869 786,786 SH   DFND 1 786,786 0 0
ANTERO MIDSTREAM CORP COM 03676B102   295 21,000 SH   DFND 1 21,000 0 0
APOLLO COML REAL EST FIN INC COM 03762U105   942 84,600 SH   DFND 1 84,600 0 0
APOLLO COML REAL EST FIN INC COM 03762U105   229 20,554 SH   DFND   20,554 0 0
ARBOR REALTY TRUST INC NOTE 7.500% 8/0 038923BA5   6,915 7,040,000 PRN   DFND 1 7,040,000 0 0
ARBOR REALTY TRUST INC NOTE 7.500% 8/0 038923BA5   982 1,000,000 PRN   DFND   1,000,000 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203   3,677 133,333 SH   DFND 1 133,333 0 0
AUGMEDIX INC COM 05105P107   2,045 500,000 SH   DFND 1 500,000 0 0
BM TECHNOLOGIES INC CL A COM 05591L107   85 51,262 SH   DFND 1 51,262 0 0
BIOLIFE SOLUTIONS INC COM NEW 09062W204   574 30,918 SH   DFND 1 30,918 0 0
ONCONETIX INC COM 09610B108   222 1,440,927 SH   DFND 1 1,440,927 0 0
BRIGHTHOUSE FINL INC COM 10922N103   534 10,363 SH   DFND 1 10,363 0 0
BRIGHTHOUSE FINL INC COM 10922N103   51 999 SH   DFND   999 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108   1,627 30,000 SH   DFND 1 30,000 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108   1,627 30,000 SH   DFND   30,000 0 0
CAPITOL FED FINL INC COM 14057J101   215 36,000 SH   DFND 1 36,000 0 0
CITIGROUP INC COM NEW 172967424   19,478 308,000 SH   DFND 1 308,000 0 0
CITIGROUP INC COM NEW 172967424   443 7,000 SH   DFND   7,000 0 0
CLIPPER RLTY INC COM 18885T306   1,797 372,044 SH   DFND 1 372,044 0 0
COGNITION THERAPEUTICS INC COM 19243B102   373 205,000 SH   DFND 1 205,000 0 0
COMCAST CORP NEW CL A 20030N101   8,973 207,000 SH   DFND 1 207,000 0 0
CONOCOPHILLIPS COM 20825C104   891 7,000 SH   DFND   7,000 0 0
CROSSAMERICA PARTNERS LP UT LTD PTN INT 22758A105   319 14,000 SH   DFND 1 14,000 0 0
CURIOSITYSTREAM INC COM CL A 23130Q107   30 27,932 SH   DFND 1 27,932 0 0
ELLINGTON FINANCIAL INC COM 28852N109   817 69,166 SH   DFND 1 69,166 0 0
ELLINGTON FINANCIAL INC COM 28852N109   364 30,834 SH   DFND   30,834 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100   5,875 373,520 SH   DFND 1 373,520 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100   1,217 77,376 SH   DFND   77,376 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107   7,441 255,000 SH   DFND 1 255,000 0 0
EOS ENERGY ENTERPRISES INC COM CL A 29415C101   2,039 1,979,620 SH   DFND 1 1,979,620 0 0
FRANKLIN RESOURCES INC COM 354613101   1,786 63,550 SH   DFND 1 63,550 0 0
FRANKLIN RESOURCES INC COM 354613101   1,563 55,600 SH   DFND   55,600 0 0
FULL HSE RESORTS INC COM 359678109   197 35,331 SH   DFND 1 35,331 0 0
GENERAL MTRS CO COM 37045V100   6,164 135,920 SH   DFND 1 135,920 0 0
GENERAL MTRS CO COM 37045V100   2,453 54,080 SH   DFND   54,080 0 0
GLOBAL PARTNERS LP COM UNITS 37946R109   777 17,500 SH   DFND 1 17,500 0 0
GRANITE PT MTG TR INC COM STK 38741L107   187 39,231 SH   DFND 1 39,231 0 0
GRANITE PT MTG TR INC COM STK 38741L107   199 41,790 SH   DFND   41,790 0 0
GRAY TELEVISION INC COM 389375106   3,224 510,202 SH   DFND 1 510,202 0 0
GRAY TELEVISION INC COM 389375106   190 30,000 SH   DFND   30,000 0 0
HESS MIDSTREAM LP CL A SHS 428103105   777 21,500 SH   DFND 1 21,500 0 0
IHEARTMEDIA INC COM CL A 45174J509   339 162,091 SH   DFND 1 162,091 0 0
JOURNEY MED CORP COM 48115J109   662 180,000 SH   DFND 1 180,000 0 0
KELLANOVA COM 487836108   2,226 38,850 SH   DFND 1 38,850 0 0
KEROS THERAPEUTICS INC COM 492327101   669 10,105 SH   DFND 1 10,105 0 0
KRAFT HEINZ CO COM 500754106   4,059 110,000 SH   DFND 1 110,000 0 0
LCNB CORP COM 50181P100   1,465 91,920 SH   DFND 1 91,920 0 0
LCNB CORP COM 50181P100   26 1,662 SH   DFND   1,662 0 0
MFA FINL INC NOTE 6.250% 6/1 55272XAA0   8,986 8,969,000 PRN   DFND 1 8,969,000 0 0
MFA FINL INC NOTE 6.250% 6/1 55272XAA0   4,008 4,000,000 PRN   DFND   4,000,000 0 0
MPLX LP COM UNIT REP LTD 55336V100   1,039 25,000 SH   DFND 1 25,000 0 0
MOLSON COORS BEVERAGE CO CL B 60871R209   1,681 25,000 SH   DFND 1 25,000 0 0
NEXSTAR MEDIA GROUP INC COMMON STOCK 65336K103   37,022 214,882 SH   DFND 1 214,882 0 0
NEXSTAR MEDIA GROUP INC COMMON STOCK 65336K103   2,171 12,600 SH   DFND   12,600 0 0
NEXTNAV INC COMMON STOCK 65345N106   3,290 500,000 SH   DFND 1 500,000 0 0
NUSTAR ENERGY LP UNIT COM 67058H102   233 10,000 SH   DFND 1 10,000 0 0
OMEROS CORP COM 682143102   221 64,113 SH   DFND 1 64,113 0 0
ONEOK INC NEW COM 682680103   2,018 25,172 SH   DFND 1 25,172 0 0
PENNYMAC CORP NOTE 5.500%11/0 70932AAD5   6,919 7,000,000 PRN   DFND 1 7,000,000 0 0
PHENIXFIN CORP COM 71742W103   2,382 54,003 SH   DFND 1 54,003 0 0
PHENIXFIN CORP COM 71742W103   455 10,324 SH   DFND   10,324 0 0
PHILLIPS 66 COM 718546104   1,021 6,250 SH   DFND 1 6,250 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105   7,244 412,500 SH   DFND 1 412,500 0 0
PRECIGEN INC COM 74017N105   96 66,114 SH   DFND 1 66,114 0 0
READY CAPITAL CORP COM 75574U101   2,265 248,085 SH   DFND 1 248,085 0 0
READY CAPITAL CORP COM 75574U101   1,260 138,035 SH   DFND   138,035 0 0
SHELL PLC SPON ADS 780259305   972 14,500 SH   DFND   14,500 0 0
SELECT WATER SOLUTIONS INC CL A COM 81617J301   2,547 275,899 SH   DFND 1 275,899 0 0
SINCLAIR INC CL A 829242106   8,869 658,420 SH   DFND 1 658,420 0 0
SUNOCO LP/SUNOCO FIN CORP COM UT REP LP 86765K109   934 15,500 SH   DFND 1 15,500 0 0
TALOS ENERGY INC COM 87484T108   20,723 1,487,637 SH   DFND 1 1,487,637 0 0
TEGNA INC COM 87901J105   1,046 70,000 SH   DFND 1 70,000 0 0
TEGNA INC COM 87901J105   448 30,000 SH   DFND   30,000 0 0
TORTOISE ENERGY INFRA CORP COM 89147L886   3,085 99,807 SH   DFND 1 99,807 0 0
TORTOISE ENERGY INFRA CORP COM 89147L886   318 10,295 SH   DFND   10,295 0 0
TWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1 90187BAB7   3,802 4,000,000 PRN   DFND 1 4,000,000 0 0
TWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1 90187BAB7   1,901 2,000,000 PRN   DFND   2,000,000 0 0
TWO HBRS INVT CORP COM 90187B804   184 13,897 SH   DFND   13,897 0 0
USA COMPRESSION PARTNERS LP COMUNIT LTDPAR 90290N109   640 24,000 SH   DFND 1 24,000 0 0
USA COMPRESSION PARTNERS LP COMUNIT LTDPAR 90290N109   297 11,150 SH   DFND   11,150 0 0
VIATRIS INC COM 92556V106   597 50,000 SH   DFND 1 50,000 0 0
VIATRIS INC COM 92556V106   597 50,000 SH   DFND   50,000 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104   5,514 631,665 SH   DFND 1 631,665 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104   262 30,000 SH   DFND   30,000 0 0
WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT 958669103   889 25,000 SH   DFND 1 25,000 0 0
XPERI INC COMMON STOCK 98423J101   978 81,071 SH   DFND 1 81,071 0 0