<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2022 Workiva-->
<!--r:39bc36e0-4224-4ab8-86ba-6d9bed84b60f,g:7d8fc56a-ecd6-437c-8312-df1082962807-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.afginc.com/role/ConsolidatedBalanceSheetUnaudited" xlink:type="simple" xlink:href="afg-20220930.xsd#ConsolidatedBalanceSheetUnaudited"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/ConsolidatedBalanceSheetUnaudited" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_f8023387-ed0a-4a67-8d01-1b7f0f907299" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_Assets"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherReceivables_32126060-8c8a-494c-b46f-aa8569fc38d1" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherReceivables"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_f8023387-ed0a-4a67-8d01-1b7f0f907299" xlink:to="loc_us-gaap_OtherReceivables_32126060-8c8a-494c-b46f-aa8569fc38d1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidReinsurancePremiums_1b23f1e0-e5f7-480f-84ed-79f006d23152" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PrepaidReinsurancePremiums"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_f8023387-ed0a-4a67-8d01-1b7f0f907299" xlink:to="loc_us-gaap_PrepaidReinsurancePremiums_1b23f1e0-e5f7-480f-84ed-79f006d23152" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AssetsOfManagedInvestmentEntities_a799fba1-6dda-4215-b45a-673d2a2c7da7" xlink:href="afg-20220930.xsd#afg_AssetsOfManagedInvestmentEntities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_f8023387-ed0a-4a67-8d01-1b7f0f907299" xlink:to="loc_afg_AssetsOfManagedInvestmentEntities_a799fba1-6dda-4215-b45a-673d2a2c7da7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_e2a8b86e-86ee-4a4a-ad74-e070fdf4762b" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_Goodwill"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_f8023387-ed0a-4a67-8d01-1b7f0f907299" xlink:to="loc_us-gaap_Goodwill_e2a8b86e-86ee-4a4a-ad74-e070fdf4762b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PremiumsReceivableAtCarryingValue_c9e158ff-1e87-4b66-94bd-15fafc6da8eb" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PremiumsReceivableAtCarryingValue"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_f8023387-ed0a-4a67-8d01-1b7f0f907299" xlink:to="loc_us-gaap_PremiumsReceivableAtCarryingValue_c9e158ff-1e87-4b66-94bd-15fafc6da8eb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsAndCash_34d5ddca-52a8-41ea-9b5d-99bdbdb1287f" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InvestmentsAndCash"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_f8023387-ed0a-4a67-8d01-1b7f0f907299" xlink:to="loc_us-gaap_InvestmentsAndCash_34d5ddca-52a8-41ea-9b5d-99bdbdb1287f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReinsuranceRecoverablesOnPaidAndUnpaidLosses_cd5773a4-638b-4b8c-9a99-bbadc3fec25f" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ReinsuranceRecoverablesOnPaidAndUnpaidLosses"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_f8023387-ed0a-4a67-8d01-1b7f0f907299" xlink:to="loc_us-gaap_ReinsuranceRecoverablesOnPaidAndUnpaidLosses_cd5773a4-638b-4b8c-9a99-bbadc3fec25f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssets_2474a22c-6e20-4922-b575-3da9d01960ca" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherAssets"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_f8023387-ed0a-4a67-8d01-1b7f0f907299" xlink:to="loc_us-gaap_OtherAssets_2474a22c-6e20-4922-b575-3da9d01960ca" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired_636abcd8-972d-47e5-9104-ace30e261e3c" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_f8023387-ed0a-4a67-8d01-1b7f0f907299" xlink:to="loc_us-gaap_DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired_636abcd8-972d-47e5-9104-ace30e261e3c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_0a3b4ad5-e14d-4cba-8a4e-883453ef1ab5" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_Liabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilities_436a6655-1920-4262-9631-66cd5d796669" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherLiabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_0a3b4ad5-e14d-4cba-8a4e-883453ef1ab5" xlink:to="loc_us-gaap_OtherLiabilities_436a6655-1920-4262-9631-66cd5d796669" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnearnedPremiums_62f7f634-49be-4a71-9b05-373d4e73f3af" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_UnearnedPremiums"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_0a3b4ad5-e14d-4cba-8a4e-883453ef1ab5" xlink:to="loc_us-gaap_UnearnedPremiums_62f7f634-49be-4a71-9b05-373d4e73f3af" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_LiabilitiesOfManagedInvestmentEntities_decdb7cf-ce6b-42d5-b18c-7b37bd270f3d" xlink:href="afg-20220930.xsd#afg_LiabilitiesOfManagedInvestmentEntities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_0a3b4ad5-e14d-4cba-8a4e-883453ef1ab5" xlink:to="loc_afg_LiabilitiesOfManagedInvestmentEntities_decdb7cf-ce6b-42d5-b18c-7b37bd270f3d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability_fc0a5f6b-f06f-4df8-82d2-e81f0ac8a661" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_0a3b4ad5-e14d-4cba-8a4e-883453ef1ab5" xlink:to="loc_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability_fc0a5f6b-f06f-4df8-82d2-e81f0ac8a661" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_a4a84185-ba06-4cf4-8972-b4bcc7f73b66" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongTermDebt"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_0a3b4ad5-e14d-4cba-8a4e-883453ef1ab5" xlink:to="loc_us-gaap_LongTermDebt_a4a84185-ba06-4cf4-8972-b4bcc7f73b66" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReinsurancePayable_2316e3d4-8ce6-4a05-accd-fc35e2743710" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ReinsurancePayable"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_0a3b4ad5-e14d-4cba-8a4e-883453ef1ab5" xlink:to="loc_us-gaap_ReinsurancePayable_2316e3d4-8ce6-4a05-accd-fc35e2743710" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_0d23715e-77c2-4187-bbb3-b5af19648894" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsUnappropriated_34dd220b-2367-4beb-aa5f-53ce26776f47" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RetainedEarningsUnappropriated"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_0d23715e-77c2-4187-bbb3-b5af19648894" xlink:to="loc_us-gaap_RetainedEarningsUnappropriated_34dd220b-2367-4beb-aa5f-53ce26776f47" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_8348dbfc-0897-468d-8e86-86e7e2eadd47" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CommonStockValue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_0d23715e-77c2-4187-bbb3-b5af19648894" xlink:to="loc_us-gaap_CommonStockValue_8348dbfc-0897-468d-8e86-86e7e2eadd47" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_4abc84e9-bc04-42a4-8364-01487330543a" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AdditionalPaidInCapitalCommonStock"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_0d23715e-77c2-4187-bbb3-b5af19648894" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_4abc84e9-bc04-42a4-8364-01487330543a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_e7e92004-76b5-4bd7-a662-1ab12c621966" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_0d23715e-77c2-4187-bbb3-b5af19648894" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_e7e92004-76b5-4bd7-a662-1ab12c621966" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsAndCash_ae07f4d9-352e-4d72-838b-9726b0b36b0a" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InvestmentsAndCash"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_dc747cbb-fc40-4778-9f42-96499e5ae045" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InvestmentsAndCash_ae07f4d9-352e-4d72-838b-9726b0b36b0a" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_dc747cbb-fc40-4778-9f42-96499e5ae045" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestments_8e51eae7-d7e8-4563-b64f-2916462b1127" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherInvestments"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InvestmentsAndCash_ae07f4d9-352e-4d72-838b-9726b0b36b0a" xlink:to="loc_us-gaap_OtherInvestments_8e51eae7-d7e8-4563-b64f-2916462b1127" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestments_4ad374c5-d498-4e3b-80e5-1ec3a4e565cc" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EquityMethodInvestments"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InvestmentsAndCash_ae07f4d9-352e-4d72-838b-9726b0b36b0a" xlink:to="loc_us-gaap_EquityMethodInvestments_4ad374c5-d498-4e3b-80e5-1ec3a4e565cc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_ab35b75c-035f-4f9b-ac07-e0cac74b6d0b" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InvestmentsAndCash_ae07f4d9-352e-4d72-838b-9726b0b36b0a" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_ab35b75c-035f-4f9b-ac07-e0cac74b6d0b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_5b3ffcab-7294-4821-9697-b3c1161db8d6" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InvestmentsAndCash_ae07f4d9-352e-4d72-838b-9726b0b36b0a" xlink:to="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_5b3ffcab-7294-4821-9697-b3c1161db8d6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecuritiesDebt_79e11bd5-2c87-4a2d-88a3-21b1d997b89b" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_TradingSecuritiesDebt"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InvestmentsAndCash_ae07f4d9-352e-4d72-838b-9726b0b36b0a" xlink:to="loc_us-gaap_TradingSecuritiesDebt_79e11bd5-2c87-4a2d-88a3-21b1d997b89b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquitySecuritiesFvNi_9d944302-b802-4943-862a-1364eb37e99a" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EquitySecuritiesFvNi"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InvestmentsAndCash_ae07f4d9-352e-4d72-838b-9726b0b36b0a" xlink:to="loc_us-gaap_EquitySecuritiesFvNi_9d944302-b802-4943-862a-1364eb37e99a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_722680fd-b4c2-4db3-86a6-80b16d596ef4" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_9004ef8c-90a1-4157-a7e1-f3d461ec9589" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_Liabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_722680fd-b4c2-4db3-86a6-80b16d596ef4" xlink:to="loc_us-gaap_Liabilities_9004ef8c-90a1-4157-a7e1-f3d461ec9589" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_3b9c61ac-1801-4d43-813f-31481285c414" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockholdersEquity"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_722680fd-b4c2-4db3-86a6-80b16d596ef4" xlink:to="loc_us-gaap_StockholdersEquity_3b9c61ac-1801-4d43-813f-31481285c414" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/ConsolidatedStatementofEarningsUnaudited" xlink:type="simple" xlink:href="afg-20220930.xsd#ConsolidatedStatementofEarningsUnaudited"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/ConsolidatedStatementofEarningsUnaudited" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_9fd898d5-12f7-4f35-a1ad-964ed0bd9b56" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_Revenues"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarketableSecuritiesRealizedGainLoss_17960f56-cd8e-4c95-8f43-a86d6afb0153" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_MarketableSecuritiesRealizedGainLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_9fd898d5-12f7-4f35-a1ad-964ed0bd9b56" xlink:to="loc_us-gaap_MarketableSecuritiesRealizedGainLoss_17960f56-cd8e-4c95-8f43-a86d6afb0153" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncome_8969a777-e28a-491e-9070-b4c0314e37ee" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_9fd898d5-12f7-4f35-a1ad-964ed0bd9b56" xlink:to="loc_us-gaap_OtherIncome_8969a777-e28a-491e-9070-b4c0314e37ee" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_InvestmentIncomeOfManagedInvestmentEntities_96064f2e-4951-4824-a403-27b6a14064d1" xlink:href="afg-20220930.xsd#afg_InvestmentIncomeOfManagedInvestmentEntities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_9fd898d5-12f7-4f35-a1ad-964ed0bd9b56" xlink:to="loc_afg_InvestmentIncomeOfManagedInvestmentEntities_96064f2e-4951-4824-a403-27b6a14064d1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetInvestmentIncome_855b2240-7058-44bd-96b5-16e1699a946d" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetInvestmentIncome"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_9fd898d5-12f7-4f35-a1ad-964ed0bd9b56" xlink:to="loc_us-gaap_NetInvestmentIncome_855b2240-7058-44bd-96b5-16e1699a946d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainOrLossOnSaleOfStockInSubsidiary_72ac5d99-a3dd-45ff-b111-b90f91716085" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_GainOrLossOnSaleOfStockInSubsidiary"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_9fd898d5-12f7-4f35-a1ad-964ed0bd9b56" xlink:to="loc_us-gaap_GainOrLossOnSaleOfStockInSubsidiary_72ac5d99-a3dd-45ff-b111-b90f91716085" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_GainLossonChangeinFairValueofAssetsandLiabilitiesofManagedInvestmentEntities_3c4981d3-a64a-4a6b-8d7b-0ec6ca7a2a0a" xlink:href="afg-20220930.xsd#afg_GainLossonChangeinFairValueofAssetsandLiabilitiesofManagedInvestmentEntities"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_9fd898d5-12f7-4f35-a1ad-964ed0bd9b56" xlink:to="loc_afg_GainLossonChangeinFairValueofAssetsandLiabilitiesofManagedInvestmentEntities_3c4981d3-a64a-4a6b-8d7b-0ec6ca7a2a0a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PremiumsEarnedNetPropertyAndCasualty_327821c7-edb9-4193-8ecf-7eee7f6ccc72" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PremiumsEarnedNetPropertyAndCasualty"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_9fd898d5-12f7-4f35-a1ad-964ed0bd9b56" xlink:to="loc_us-gaap_PremiumsEarnedNetPropertyAndCasualty_327821c7-edb9-4193-8ecf-7eee7f6ccc72" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted_bcb12940-942b-4cc7-ad7d-c475c9066401" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EarningsPerShareDiluted"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare_c749f9a6-50f0-45ea-a877-1ff309eaca24" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EarningsPerShareDiluted_bcb12940-942b-4cc7-ad7d-c475c9066401" xlink:to="loc_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare_c749f9a6-50f0-45ea-a877-1ff309eaca24" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_e0ea0961-c4b9-4ea0-9824-8db56ae2d26b" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EarningsPerShareDiluted_bcb12940-942b-4cc7-ad7d-c475c9066401" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_e0ea0961-c4b9-4ea0-9824-8db56ae2d26b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic_b2032f83-ece5-4429-8941-7fcec2eaf673" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EarningsPerShareBasic"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_99ef4c53-a527-47e1-93b9-6f16e8f54d1d" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EarningsPerShareBasic_b2032f83-ece5-4429-8941-7fcec2eaf673" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_99ef4c53-a527-47e1-93b9-6f16e8f54d1d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare_9394d1a0-8e74-45ac-85a7-51d5630a9337" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EarningsPerShareBasic_b2032f83-ece5-4429-8941-7fcec2eaf673" xlink:to="loc_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare_9394d1a0-8e74-45ac-85a7-51d5630a9337" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_fc23ef79-fc65-417e-bfd4-3eb348630a9a" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_7bc88200-61df-4dd3-81b5-ce1e41279c8c" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_Revenues"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_fc23ef79-fc65-417e-bfd4-3eb348630a9a" xlink:to="loc_us-gaap_Revenues_7bc88200-61df-4dd3-81b5-ce1e41279c8c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BenefitsLossesAndExpenses_4f36c305-4c66-4c44-9c99-0b92dcd76955" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_BenefitsLossesAndExpenses"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_fc23ef79-fc65-417e-bfd4-3eb348630a9a" xlink:to="loc_us-gaap_BenefitsLossesAndExpenses_4f36c305-4c66-4c44-9c99-0b92dcd76955" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_87d5a089-7311-4713-9e5a-b2b09b21687b" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_a3a44152-55da-4ffc-a3dd-00ea74031577" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_87d5a089-7311-4713-9e5a-b2b09b21687b" xlink:to="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_a3a44152-55da-4ffc-a3dd-00ea74031577" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperations_2deff097-c111-4476-81ce-cd986a42e3e1" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeLossFromContinuingOperations"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_87d5a089-7311-4713-9e5a-b2b09b21687b" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperations_2deff097-c111-4476-81ce-cd986a42e3e1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperations_0f0822ed-a74a-4baf-a10d-d64d7ff34ef2" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeLossFromContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_db2c9260-e30b-43f2-8952-5c64f34ee786" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperations_0f0822ed-a74a-4baf-a10d-d64d7ff34ef2" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_db2c9260-e30b-43f2-8952-5c64f34ee786" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_5b2376f8-471b-4e9e-b05f-faff7e6ed9fc" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperations_0f0822ed-a74a-4baf-a10d-d64d7ff34ef2" xlink:to="loc_us-gaap_OperatingIncomeLoss_5b2376f8-471b-4e9e-b05f-faff7e6ed9fc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BenefitsLossesAndExpenses_9e0a8cd7-9f6c-49c2-80d9-63fd147b9cbb" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_BenefitsLossesAndExpenses"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_ExpensesOfManagedInvestmentEntities_20ce0021-2285-4566-8c97-e7fca11c1811" xlink:href="afg-20220930.xsd#afg_ExpensesOfManagedInvestmentEntities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_BenefitsLossesAndExpenses_9e0a8cd7-9f6c-49c2-80d9-63fd147b9cbb" xlink:to="loc_afg_ExpensesOfManagedInvestmentEntities_20ce0021-2285-4566-8c97-e7fca11c1811" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncurredClaimsPropertyCasualtyAndLiability_b44729e0-9afa-44e3-8bc0-7e9cf631496d" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncurredClaimsPropertyCasualtyAndLiability"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_BenefitsLossesAndExpenses_9e0a8cd7-9f6c-49c2-80d9-63fd147b9cbb" xlink:to="loc_us-gaap_IncurredClaimsPropertyCasualtyAndLiability_b44729e0-9afa-44e3-8bc0-7e9cf631496d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCostAndExpenseOperating_5d950b41-f2b5-4372-8550-c0f84b2ded52" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherCostAndExpenseOperating"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_BenefitsLossesAndExpenses_9e0a8cd7-9f6c-49c2-80d9-63fd147b9cbb" xlink:to="loc_us-gaap_OtherCostAndExpenseOperating_5d950b41-f2b5-4372-8550-c0f84b2ded52" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_346c3c83-b393-4cfb-8245-c2760557921f" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InterestExpense"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_BenefitsLossesAndExpenses_9e0a8cd7-9f6c-49c2-80d9-63fd147b9cbb" xlink:to="loc_us-gaap_InterestExpense_346c3c83-b393-4cfb-8245-c2760557921f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SellingGeneralAndAdministrativeExpense_60488c95-26ba-4358-8917-4d8f752fde13" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SellingGeneralAndAdministrativeExpense"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_BenefitsLossesAndExpenses_9e0a8cd7-9f6c-49c2-80d9-63fd147b9cbb" xlink:to="loc_us-gaap_SellingGeneralAndAdministrativeExpense_60488c95-26ba-4358-8917-4d8f752fde13" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/ConsolidatedStatementofComprehensiveIncomeUnaudited" xlink:type="simple" xlink:href="afg-20220930.xsd#ConsolidatedStatementofComprehensiveIncomeUnaudited"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/ConsolidatedStatementofComprehensiveIncomeUnaudited" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_fe80d4e3-20e8-49f9-bea2-2cabc1c1a339" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTaxDispositionOfSubsidiaries_ff085a75-24cc-4427-a031-e3f821e91727" xlink:href="afg-20220930.xsd#afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTaxDispositionOfSubsidiaries"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_fe80d4e3-20e8-49f9-bea2-2cabc1c1a339" xlink:to="loc_afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTaxDispositionOfSubsidiaries_ff085a75-24cc-4427-a031-e3f821e91727" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_668fb553-e15d-41e3-9e6f-b7198748d983" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_fe80d4e3-20e8-49f9-bea2-2cabc1c1a339" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_668fb553-e15d-41e3-9e6f-b7198748d983" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_4ef728df-36ab-430c-a385-17709cb457fa" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_fe80d4e3-20e8-49f9-bea2-2cabc1c1a339" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_4ef728df-36ab-430c-a385-17709cb457fa" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_dd9a4a1f-56c5-402b-9672-7ea6b9414184" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_ae83abeb-8a8a-4a4d-abb8-1696f3be55cc" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_dd9a4a1f-56c5-402b-9672-7ea6b9414184" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_ae83abeb-8a8a-4a4d-abb8-1696f3be55cc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_0c1bd8c1-c4e4-4a45-ac5d-9710dfcdfeec" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_dd9a4a1f-56c5-402b-9672-7ea6b9414184" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_0c1bd8c1-c4e4-4a45-ac5d-9710dfcdfeec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_ee81d1b9-3d27-460a-809f-9d598bdb69e0" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_dd9a4a1f-56c5-402b-9672-7ea6b9414184" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_ee81d1b9-3d27-460a-809f-9d598bdb69e0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_b5592982-ea51-490f-8da9-c6b704a038a6" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_dd9a4a1f-56c5-402b-9672-7ea6b9414184" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_b5592982-ea51-490f-8da9-c6b704a038a6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_773e9989-8c54-46bd-b8ea-ae06bcde99dc" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ComprehensiveIncomeNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_cf16507c-7e97-4e25-82f1-7a6c3802a461" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_773e9989-8c54-46bd-b8ea-ae06bcde99dc" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_cf16507c-7e97-4e25-82f1-7a6c3802a461" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_cdd61c54-0386-4d93-9def-6c449994c10c" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetIncomeLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_773e9989-8c54-46bd-b8ea-ae06bcde99dc" xlink:to="loc_us-gaap_NetIncomeLoss_cdd61c54-0386-4d93-9def-6c449994c10c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_ab97e8bd-7e9e-462f-a966-a541d1c838bf" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_112dab71-ccda-4b3d-b591-781dc620aaba" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_ab97e8bd-7e9e-462f-a966-a541d1c838bf" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_112dab71-ccda-4b3d-b591-781dc620aaba" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_1dab79aa-5a68-4322-8552-be047268a796" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_ab97e8bd-7e9e-462f-a966-a541d1c838bf" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_1dab79aa-5a68-4322-8552-be047268a796" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTaxDispositionOfSubsidiaries_bc70c454-36cb-4f40-95d6-486bcfd7f21a" xlink:href="afg-20220930.xsd#afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTaxDispositionOfSubsidiaries"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_ab97e8bd-7e9e-462f-a966-a541d1c838bf" xlink:to="loc_afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTaxDispositionOfSubsidiaries_bc70c454-36cb-4f40-95d6-486bcfd7f21a" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/ConsolidatedStatementofCashFlowsUnaudited" xlink:type="simple" xlink:href="afg-20220930.xsd#ConsolidatedStatementofCashFlowsUnaudited"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/ConsolidatedStatementofCashFlowsUnaudited" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_9ae644dd-360e-4ca0-a874-4bbcddadfd2b" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDividendsCommonStock_bef6d2b8-8e5f-4004-a0dd-2b78562ecf88" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PaymentsOfDividendsCommonStock"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_9ae644dd-360e-4ca0-a874-4bbcddadfd2b" xlink:to="loc_us-gaap_PaymentsOfDividendsCommonStock_bef6d2b8-8e5f-4004-a0dd-2b78562ecf88" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_8cc72ac9-eca8-4a3f-b576-47ee080fed68" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_9ae644dd-360e-4ca0-a874-4bbcddadfd2b" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_8cc72ac9-eca8-4a3f-b576-47ee080fed68" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfAnnuitiesAndInvestmentCertificates_50282e7c-5559-4bdc-9f1d-8c03eb97ee42" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RepaymentsOfAnnuitiesAndInvestmentCertificates"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_9ae644dd-360e-4ca0-a874-4bbcddadfd2b" xlink:to="loc_us-gaap_RepaymentsOfAnnuitiesAndInvestmentCertificates_50282e7c-5559-4bdc-9f1d-8c03eb97ee42" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfLongTermDebt_a0ebbeb3-cc66-4295-a231-1296ca718cae" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RepaymentsOfLongTermDebt"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_9ae644dd-360e-4ca0-a874-4bbcddadfd2b" xlink:to="loc_us-gaap_RepaymentsOfLongTermDebt_a0ebbeb3-cc66-4295-a231-1296ca718cae" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_d889b310-d127-4680-aef5-8c63de8a118f" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_9ae644dd-360e-4ca0-a874-4bbcddadfd2b" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_d889b310-d127-4680-aef5-8c63de8a118f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_CededAnnuitySurrendersBenefitsAndWithdrawals_8171190c-2997-4f16-bdd4-31de1159da90" xlink:href="afg-20220930.xsd#afg_CededAnnuitySurrendersBenefitsAndWithdrawals"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_9ae644dd-360e-4ca0-a874-4bbcddadfd2b" xlink:to="loc_afg_CededAnnuitySurrendersBenefitsAndWithdrawals_8171190c-2997-4f16-bdd4-31de1159da90" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AnnuityReceiptsCeded_2508f08d-17e8-41f5-af48-5219726eae60" xlink:href="afg-20220930.xsd#afg_AnnuityReceiptsCeded"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_9ae644dd-360e-4ca0-a874-4bbcddadfd2b" xlink:to="loc_afg_AnnuityReceiptsCeded_2508f08d-17e8-41f5-af48-5219726eae60" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromAnnuitiesAndInvestmentCertificates_74f4fa6c-f652-4d7b-910a-14f4dfc5b2a9" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromAnnuitiesAndInvestmentCertificates"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_9ae644dd-360e-4ca0-a874-4bbcddadfd2b" xlink:to="loc_us-gaap_ProceedsFromAnnuitiesAndInvestmentCertificates_74f4fa6c-f652-4d7b-910a-14f4dfc5b2a9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_RetirementOfManagedInvestmentEntitiesLiabilities_7e22db33-221c-43ee-90bc-8bf92bb571df" xlink:href="afg-20220930.xsd#afg_RetirementOfManagedInvestmentEntitiesLiabilities"/>
    <link:calculationArc order="9" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_9ae644dd-360e-4ca0-a874-4bbcddadfd2b" xlink:to="loc_afg_RetirementOfManagedInvestmentEntitiesLiabilities_7e22db33-221c-43ee-90bc-8bf92bb571df" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_ProceedsFromIssuanceOfManagedInvestmentEntities_7fa382b0-e8c6-41aa-b00d-980d60d0b3b9" xlink:href="afg-20220930.xsd#afg_ProceedsFromIssuanceOfManagedInvestmentEntities"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_9ae644dd-360e-4ca0-a874-4bbcddadfd2b" xlink:to="loc_afg_ProceedsFromIssuanceOfManagedInvestmentEntities_7fa382b0-e8c6-41aa-b00d-980d60d0b3b9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_NetTransfersFromToSeparateAccounts_a95be756-964e-4e60-ae1e-dd2d50c53bee" xlink:href="afg-20220930.xsd#afg_NetTransfersFromToSeparateAccounts"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_9ae644dd-360e-4ca0-a874-4bbcddadfd2b" xlink:to="loc_afg_NetTransfersFromToSeparateAccounts_a95be756-964e-4e60-ae1e-dd2d50c53bee" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_001fa65b-b308-4193-9293-cdd9cf508062" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherOperatingActivitiesCashFlowStatement_6a6f1ac9-94c9-44c6-95d8-83ed3b2b6bf6" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherOperatingActivitiesCashFlowStatement"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_001fa65b-b308-4193-9293-cdd9cf508062" xlink:to="loc_us-gaap_OtherOperatingActivitiesCashFlowStatement_6a6f1ac9-94c9-44c6-95d8-83ed3b2b6bf6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_DeferredAnnuityAndLifePolicyAcquisitionCosts_c6ea73cc-fda9-4fd3-bf0a-7e8200958f7f" xlink:href="afg-20220930.xsd#afg_DeferredAnnuityAndLifePolicyAcquisitionCosts"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_001fa65b-b308-4193-9293-cdd9cf508062" xlink:to="loc_afg_DeferredAnnuityAndLifePolicyAcquisitionCosts_c6ea73cc-fda9-4fd3-bf0a-7e8200958f7f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAmortizationAndAccretionNet_79fcb180-c9a4-4580-b752-d157d29429fb" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DepreciationAmortizationAndAccretionNet"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_001fa65b-b308-4193-9293-cdd9cf508062" xlink:to="loc_us-gaap_DepreciationAmortizationAndAccretionNet_79fcb180-c9a4-4580-b752-d157d29429fb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealizedInvestmentGainsLosses_10cbc38d-e652-4457-8246-8bfcfbaeb3ec" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RealizedInvestmentGainsLosses"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_001fa65b-b308-4193-9293-cdd9cf508062" xlink:to="loc_us-gaap_RealizedInvestmentGainsLosses_10cbc38d-e652-4457-8246-8bfcfbaeb3ec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_f9af4ca4-73d3-4023-a257-1e99d0f32cb0" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetIncomeLoss"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_001fa65b-b308-4193-9293-cdd9cf508062" xlink:to="loc_us-gaap_NetIncomeLoss_f9af4ca4-73d3-4023-a257-1e99d0f32cb0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AnnuityBenefits_5bb5ddb3-c532-4114-855c-b0de0eaa303e" xlink:href="afg-20220930.xsd#afg_AnnuityBenefits"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_001fa65b-b308-4193-9293-cdd9cf508062" xlink:to="loc_afg_AnnuityBenefits_5bb5ddb3-c532-4114-855c-b0de0eaa303e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromPaymentsForTradingSecurities_1f146e60-936c-49e7-852b-f3869b53914d" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromPaymentsForTradingSecurities"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_001fa65b-b308-4193-9293-cdd9cf508062" xlink:to="loc_us-gaap_ProceedsFromPaymentsForTradingSecurities_1f146e60-936c-49e7-852b-f3869b53914d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_IncreaseDecreaseinReinsuranceandOtherReceivables_b81c7d9a-764c-4080-9fe4-1af6e9e906a1" xlink:href="afg-20220930.xsd#afg_IncreaseDecreaseinReinsuranceandOtherReceivables"/>
    <link:calculationArc order="8" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_001fa65b-b308-4193-9293-cdd9cf508062" xlink:to="loc_afg_IncreaseDecreaseinReinsuranceandOtherReceivables_b81c7d9a-764c-4080-9fe4-1af6e9e906a1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_a373aa95-4cf6-45ed-a83c-c88ebacc7046" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets"/>
    <link:calculationArc order="9" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_001fa65b-b308-4193-9293-cdd9cf508062" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_a373aa95-4cf6-45ed-a83c-c88ebacc7046" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInReinsurancePayables_61bbea65-afd2-4249-9ef0-a7d63d360602" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInReinsurancePayables"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_001fa65b-b308-4193-9293-cdd9cf508062" xlink:to="loc_us-gaap_IncreaseDecreaseInReinsurancePayables_61bbea65-afd2-4249-9ef0-a7d63d360602" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_059c6db9-8e46-49d8-ad97-0a37d6b6dfdf" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_001fa65b-b308-4193-9293-cdd9cf508062" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_059c6db9-8e46-49d8-ad97-0a37d6b6dfdf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_ChangeinManagedInvestmentEntitiesAssetsAndLiabilities_7106390d-7954-444c-afe8-184c29af7ffd" xlink:href="afg-20220930.xsd#afg_ChangeinManagedInvestmentEntitiesAssetsAndLiabilities"/>
    <link:calculationArc order="12" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_001fa65b-b308-4193-9293-cdd9cf508062" xlink:to="loc_afg_ChangeinManagedInvestmentEntitiesAssetsAndLiabilities_7106390d-7954-444c-afe8-184c29af7ffd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve_2072d1f6-fa70-4c34-80df-764ef5712bec" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve"/>
    <link:calculationArc order="13" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_001fa65b-b308-4193-9293-cdd9cf508062" xlink:to="loc_us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve_2072d1f6-fa70-4c34-80df-764ef5712bec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ca04e270-96b3-4b7b-a029-ac85c4263fbf" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments_6031ffbf-8393-42d4-9735-0aa17596b743" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ca04e270-96b3-4b7b-a029-ac85c4263fbf" xlink:to="loc_us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments_6031ffbf-8393-42d4-9735-0aa17596b743" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_4c8e0bfb-b91f-4e44-9b67-4ee6a087ae0a" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ca04e270-96b3-4b7b-a029-ac85c4263fbf" xlink:to="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_4c8e0bfb-b91f-4e44-9b67-4ee6a087ae0a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_PurchasesOfRealEstatePropertyAndEquipment_52340f23-3fdf-44f7-bb9c-9562a2999ec3" xlink:href="afg-20220930.xsd#afg_PurchasesOfRealEstatePropertyAndEquipment"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ca04e270-96b3-4b7b-a029-ac85c4263fbf" xlink:to="loc_afg_PurchasesOfRealEstatePropertyAndEquipment_52340f23-3fdf-44f7-bb9c-9562a2999ec3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfEquitySecuritiesFvNi_b049b917-7f87-437e-a948-41079eaf7571" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromSaleOfEquitySecuritiesFvNi"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ca04e270-96b3-4b7b-a029-ac85c4263fbf" xlink:to="loc_us-gaap_ProceedsFromSaleOfEquitySecuritiesFvNi_b049b917-7f87-437e-a948-41079eaf7571" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities_907cba5f-cbfd-4741-9096-5517d37e3f42" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ca04e270-96b3-4b7b-a029-ac85c4263fbf" xlink:to="loc_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities_907cba5f-cbfd-4741-9096-5517d37e3f42" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_2209615a-77b9-4b5e-84ce-0c404b750025" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ca04e270-96b3-4b7b-a029-ac85c4263fbf" xlink:to="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_2209615a-77b9-4b5e-84ce-0c404b750025" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_ProceedsFromSalesAndRedemptionsOfInvestmentsByManagedInvestmentEntities_185a8233-4390-41fe-b2cd-e0feb44ac0b6" xlink:href="afg-20220930.xsd#afg_ProceedsFromSalesAndRedemptionsOfInvestmentsByManagedInvestmentEntities"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ca04e270-96b3-4b7b-a029-ac85c4263fbf" xlink:to="loc_afg_ProceedsFromSalesAndRedemptionsOfInvestmentsByManagedInvestmentEntities_185a8233-4390-41fe-b2cd-e0feb44ac0b6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesGross_5e921077-d47a-40d6-aba2-6391b162cdcd" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PaymentsToAcquireBusinessesGross"/>
    <link:calculationArc order="8" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ca04e270-96b3-4b7b-a029-ac85c4263fbf" xlink:to="loc_us-gaap_PaymentsToAcquireBusinessesGross_5e921077-d47a-40d6-aba2-6391b162cdcd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireOtherInvestments_60a48434-fb5a-408c-8f65-1d3401ab3ef8" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PaymentsToAcquireOtherInvestments"/>
    <link:calculationArc order="9" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ca04e270-96b3-4b7b-a029-ac85c4263fbf" xlink:to="loc_us-gaap_PaymentsToAcquireOtherInvestments_60a48434-fb5a-408c-8f65-1d3401ab3ef8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries_ddf98732-3525-43af-9d81-ae224f030096" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ca04e270-96b3-4b7b-a029-ac85c4263fbf" xlink:to="loc_us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries_ddf98732-3525-43af-9d81-ae224f030096" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_PurchasesOfInvestmentsByManagedInvestmentEntities_de70b061-7b1c-44f1-a8b2-d9c39f783328" xlink:href="afg-20220930.xsd#afg_PurchasesOfInvestmentsByManagedInvestmentEntities"/>
    <link:calculationArc order="11" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ca04e270-96b3-4b7b-a029-ac85c4263fbf" xlink:to="loc_afg_PurchasesOfInvestmentsByManagedInvestmentEntities_de70b061-7b1c-44f1-a8b2-d9c39f783328" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_ProceedsFromSalesOfRealEstatePropertyAndEquipment_f8e69fac-dffa-41eb-81ec-10f0ab59dff3" xlink:href="afg-20220930.xsd#afg_ProceedsFromSalesOfRealEstatePropertyAndEquipment"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ca04e270-96b3-4b7b-a029-ac85c4263fbf" xlink:to="loc_afg_ProceedsFromSalesOfRealEstatePropertyAndEquipment_f8e69fac-dffa-41eb-81ec-10f0ab59dff3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashDivestedFromDeconsolidation_d65f51d1-a4e4-45cf-a40a-4eb659064ac7" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CashDivestedFromDeconsolidation"/>
    <link:calculationArc order="13" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ca04e270-96b3-4b7b-a029-ac85c4263fbf" xlink:to="loc_us-gaap_CashDivestedFromDeconsolidation_d65f51d1-a4e4-45cf-a40a-4eb659064ac7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireMortgageNotesReceivable_d39cb216-243a-4901-ba16-1eb17f2b476f" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PaymentsToAcquireMortgageNotesReceivable"/>
    <link:calculationArc order="14" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ca04e270-96b3-4b7b-a029-ac85c4263fbf" xlink:to="loc_us-gaap_PaymentsToAcquireMortgageNotesReceivable_d39cb216-243a-4901-ba16-1eb17f2b476f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable_42d3940e-4a09-4b73-84b1-3be21e50bc8e" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable"/>
    <link:calculationArc order="15" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ca04e270-96b3-4b7b-a029-ac85c4263fbf" xlink:to="loc_us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable_42d3940e-4a09-4b73-84b1-3be21e50bc8e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireEquitySecuritiesFvNi_dbd001e6-3408-41cf-b087-6fa6df970f65" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PaymentsToAcquireEquitySecuritiesFvNi"/>
    <link:calculationArc order="16" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ca04e270-96b3-4b7b-a029-ac85c4263fbf" xlink:to="loc_us-gaap_PaymentsToAcquireEquitySecuritiesFvNi_dbd001e6-3408-41cf-b087-6fa6df970f65" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt_d62885eb-8e07-424f-a2c7-69718e1a14b6" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt"/>
    <link:calculationArc order="17" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ca04e270-96b3-4b7b-a029-ac85c4263fbf" xlink:to="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt_d62885eb-8e07-424f-a2c7-69718e1a14b6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_87a20801-5440-4bf8-975c-9d36e6717a96" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_df997582-946b-4946-9325-3526e51bd7e0" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_87a20801-5440-4bf8-975c-9d36e6717a96" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_df997582-946b-4946-9325-3526e51bd7e0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_142d9f25-7f4a-4c55-bbb7-12580fba4d4e" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_87a20801-5440-4bf8-975c-9d36e6717a96" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_142d9f25-7f4a-4c55-bbb7-12580fba4d4e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_338ec5a6-5617-4c13-abcf-d261242c4f72" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_87a20801-5440-4bf8-975c-9d36e6717a96" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_338ec5a6-5617-4c13-abcf-d261242c4f72" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/DiscontinuedOperationsAssetsandliabilitiesofbusinessesdisposedDetails" xlink:type="simple" xlink:href="afg-20220930.xsd#DiscontinuedOperationsAssetsandliabilitiesofbusinessesdisposedDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/DiscontinuedOperationsAssetsandliabilitiesofbusinessesdisposedDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_0003305f-8caf-4056-b339-0b0950e3a1cf" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents_d16a6a75-5511-453c-9ed3-fbd5c1eff4eb" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_0003305f-8caf-4056-b339-0b0950e3a1cf" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents_d16a6a75-5511-453c-9ed3-fbd5c1eff4eb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherAssets_3a588e7e-7605-48da-b3d3-369719f8fb74" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherAssets"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_0003305f-8caf-4056-b339-0b0950e3a1cf" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherAssets_3a588e7e-7605-48da-b3d3-369719f8fb74" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_DisposalGroupIncludingDiscontinuedOperationsReinsuranceRecoverablesOnPaidAndUnpaidLosses_a9d849a1-d86e-4e61-82c8-80f64a5f4ea4" xlink:href="afg-20220930.xsd#afg_DisposalGroupIncludingDiscontinuedOperationsReinsuranceRecoverablesOnPaidAndUnpaidLosses"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_0003305f-8caf-4056-b339-0b0950e3a1cf" xlink:to="loc_afg_DisposalGroupIncludingDiscontinuedOperationsReinsuranceRecoverablesOnPaidAndUnpaidLosses_a9d849a1-d86e-4e61-82c8-80f64a5f4ea4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_DisposalGroupIncludingDiscontinuedOperationsInvestments_f48fc14a-67a0-4c0f-a51c-04fa1f2cec6e" xlink:href="afg-20220930.xsd#afg_DisposalGroupIncludingDiscontinuedOperationsInvestments"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_0003305f-8caf-4056-b339-0b0950e3a1cf" xlink:to="loc_afg_DisposalGroupIncludingDiscontinuedOperationsInvestments_f48fc14a-67a0-4c0f-a51c-04fa1f2cec6e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation_363ad948-0b0b-43b5-a079-1f99e97c766b" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherLiabilities_76ecdc02-e169-4e26-a023-99d48af4c32c" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherLiabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation_363ad948-0b0b-43b5-a079-1f99e97c766b" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherLiabilities_76ecdc02-e169-4e26-a023-99d48af4c32c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_DisposalGroupIncludingDiscontinuedOperationsLiabilityForFuturePolicyBenefitsIndividualAndGroupAnnuitiesAndSupplementaryContracts_0d946f47-4779-4a8a-a8d9-23faf0f9a770" xlink:href="afg-20220930.xsd#afg_DisposalGroupIncludingDiscontinuedOperationsLiabilityForFuturePolicyBenefitsIndividualAndGroupAnnuitiesAndSupplementaryContracts"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation_363ad948-0b0b-43b5-a079-1f99e97c766b" xlink:to="loc_afg_DisposalGroupIncludingDiscontinuedOperationsLiabilityForFuturePolicyBenefitsIndividualAndGroupAnnuitiesAndSupplementaryContracts_0d946f47-4779-4a8a-a8d9-23faf0f9a770" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/DiscontinuedOperationsDetailsoftheresultsoftheAnnuitysubsidiariessoldDetails" xlink:type="simple" xlink:href="afg-20220930.xsd#DiscontinuedOperationsDetailsoftheresultsoftheAnnuitysubsidiariessoldDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/DiscontinuedOperationsDetailsoftheresultsoftheAnnuitysubsidiariessoldDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_d96ef632-6d32-4dc0-8850-cc52c4e5a7b9" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_DisposalGroupIncludingDiscontinuedOperationNetInvestmentIncome_322e745b-fc1c-47b9-9e35-fe5548f5ea49" xlink:href="afg-20220930.xsd#afg_DisposalGroupIncludingDiscontinuedOperationNetInvestmentIncome"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_d96ef632-6d32-4dc0-8850-cc52c4e5a7b9" xlink:to="loc_afg_DisposalGroupIncludingDiscontinuedOperationNetInvestmentIncome_322e745b-fc1c-47b9-9e35-fe5548f5ea49" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_DisposalGroupIncludingDiscontinuedOperationsMarketableSecuritiesRealizedGainLoss_a06ace6e-7d2e-4583-95df-6da6e7e6fbcd" xlink:href="afg-20220930.xsd#afg_DisposalGroupIncludingDiscontinuedOperationsMarketableSecuritiesRealizedGainLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_d96ef632-6d32-4dc0-8850-cc52c4e5a7b9" xlink:to="loc_afg_DisposalGroupIncludingDiscontinuedOperationsMarketableSecuritiesRealizedGainLoss_a06ace6e-7d2e-4583-95df-6da6e7e6fbcd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherIncome_f0195026-05f3-47f2-9c78-05787fd1aa3f" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherIncome"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_d96ef632-6d32-4dc0-8850-cc52c4e5a7b9" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherIncome_f0195026-05f3-47f2-9c78-05787fd1aa3f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense_a2f02450-cd65-44d3-bfdf-f005b99793c5" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_DisposalGroupIncludingDiscontinuedOperationsAnnuityBenefits_314e3a15-e93f-400d-9242-bc8847e53fb0" xlink:href="afg-20220930.xsd#afg_DisposalGroupIncludingDiscontinuedOperationsAnnuityBenefits"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense_a2f02450-cd65-44d3-bfdf-f005b99793c5" xlink:to="loc_afg_DisposalGroupIncludingDiscontinuedOperationsAnnuityBenefits_314e3a15-e93f-400d-9242-bc8847e53fb0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherExpense_ddca8a8f-a5da-4dcf-bd52-c0d972dcf12b" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherExpense"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense_a2f02450-cd65-44d3-bfdf-f005b99793c5" xlink:to="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherExpense_ddca8a8f-a5da-4dcf-bd52-c0d972dcf12b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_DisposalGroupIncludingDiscontinuedOperationsAnnuityAndSupplementalInsuranceAcquisitionExpenses_9af98447-2e04-4560-9715-c7a3de9aaad8" xlink:href="afg-20220930.xsd#afg_DisposalGroupIncludingDiscontinuedOperationsAnnuityAndSupplementalInsuranceAcquisitionExpenses"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense_a2f02450-cd65-44d3-bfdf-f005b99793c5" xlink:to="loc_afg_DisposalGroupIncludingDiscontinuedOperationsAnnuityAndSupplementalInsuranceAcquisitionExpenses_9af98447-2e04-4560-9715-c7a3de9aaad8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_b6d021c4-ebc6-494d-a888-de7e199a593c" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax_68db5252-fa52-4b7a-877d-f697083b9ab0" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_b6d021c4-ebc6-494d-a888-de7e199a593c" xlink:to="loc_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax_68db5252-fa52-4b7a-877d-f697083b9ab0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation_3a30a132-4f3e-4bb5-a2d1-f4735c613f2e" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_b6d021c4-ebc6-494d-a888-de7e199a593c" xlink:to="loc_us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation_3a30a132-4f3e-4bb5-a2d1-f4735c613f2e" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/DiscontinuedOperationsImpactofthesaleoftheannuitybusinessesDetails" xlink:type="simple" xlink:href="afg-20220930.xsd#DiscontinuedOperationsImpactofthesaleoftheannuitybusinessesDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/DiscontinuedOperationsImpactofthesaleoftheannuitybusinessesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_afg_DisposalGroupIncludingDiscontinuedOperationsProceedsFromDivestitureOfBusinessesNet_18358668-9dce-4bb4-8b3e-9edcc2a0dacb" xlink:href="afg-20220930.xsd#afg_DisposalGroupIncludingDiscontinuedOperationsProceedsFromDivestitureOfBusinessesNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_DisposalGroupIncludingDiscontinuedOperationsExpensesFromDivestitureOfBusinesses_4524cc3a-df7c-40ce-8807-43d4e1ade675" xlink:href="afg-20220930.xsd#afg_DisposalGroupIncludingDiscontinuedOperationsExpensesFromDivestitureOfBusinesses"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_DisposalGroupIncludingDiscontinuedOperationsProceedsFromDivestitureOfBusinessesNet_18358668-9dce-4bb4-8b3e-9edcc2a0dacb" xlink:to="loc_afg_DisposalGroupIncludingDiscontinuedOperationsExpensesFromDivestitureOfBusinesses_4524cc3a-df7c-40ce-8807-43d4e1ade675" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries_e4787b3a-70d0-4b79-83df-57ebcfb936f3" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_DisposalGroupIncludingDiscontinuedOperationsProceedsFromDivestitureOfBusinessesNet_18358668-9dce-4bb4-8b3e-9edcc2a0dacb" xlink:to="loc_us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries_e4787b3a-70d0-4b79-83df-57ebcfb936f3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation_833ac856-dc70-45de-8015-aef636db3da4" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_DisposalGroupIncludingDiscontinuedOperationsReclassificationOfNetDeferredTaxAssets_cf2f06f3-944d-472d-a947-b3e3f3711ee8" xlink:href="afg-20220930.xsd#afg_DisposalGroupIncludingDiscontinuedOperationsReclassificationOfNetDeferredTaxAssets"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation_833ac856-dc70-45de-8015-aef636db3da4" xlink:to="loc_afg_DisposalGroupIncludingDiscontinuedOperationsReclassificationOfNetDeferredTaxAssets_cf2f06f3-944d-472d-a947-b3e3f3711ee8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OperatingTaxLiabilitiesTriggeredByPendingSale_aef7e7c7-b1f9-46f6-8eee-e55153f96ad2" xlink:href="afg-20220930.xsd#afg_OperatingTaxLiabilitiesTriggeredByPendingSale"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation_833ac856-dc70-45de-8015-aef636db3da4" xlink:to="loc_afg_OperatingTaxLiabilitiesTriggeredByPendingSale_aef7e7c7-b1f9-46f6-8eee-e55153f96ad2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperationOther_e7423415-b6db-476f-927d-cec26abd84c6" xlink:href="afg-20220930.xsd#afg_DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperationOther"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation_833ac856-dc70-45de-8015-aef636db3da4" xlink:to="loc_afg_DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperationOther_e7423415-b6db-476f-927d-cec26abd84c6" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/SegmentsofOperationsEarningsbeforeincometaxesbysegmentandsubsegmentDetails" xlink:type="simple" xlink:href="afg-20220930.xsd#SegmentsofOperationsEarningsbeforeincometaxesbysegmentandsubsegmentDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/SegmentsofOperationsEarningsbeforeincometaxesbysegmentandsubsegmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_b843ddcb-93af-48a4-8ad0-293d00cb30fb" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OperatingIncomeLossBeforeRealizedGainsLossesAndIncomeTaxes_c473faca-ace7-44c8-952d-fb3a4f44fb5a" xlink:href="afg-20220930.xsd#afg_OperatingIncomeLossBeforeRealizedGainsLossesAndIncomeTaxes"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_b843ddcb-93af-48a4-8ad0-293d00cb30fb" xlink:to="loc_afg_OperatingIncomeLossBeforeRealizedGainsLossesAndIncomeTaxes_c473faca-ace7-44c8-952d-fb3a4f44fb5a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainOrLossOnSaleOfStockInSubsidiary_649939a7-edf7-417b-82b1-550ef85d10d9" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_GainOrLossOnSaleOfStockInSubsidiary"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_b843ddcb-93af-48a4-8ad0-293d00cb30fb" xlink:to="loc_us-gaap_GainOrLossOnSaleOfStockInSubsidiary_649939a7-edf7-417b-82b1-550ef85d10d9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarketableSecuritiesRealizedGainLoss_467ab266-7b72-48e3-8957-1c798de2a2a2" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_MarketableSecuritiesRealizedGainLoss"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_b843ddcb-93af-48a4-8ad0-293d00cb30fb" xlink:to="loc_us-gaap_MarketableSecuritiesRealizedGainLoss_467ab266-7b72-48e3-8957-1c798de2a2a2" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/FairValueMeasurementsThecarryingvalueandfairvalueoffinancialinstrumentsDetails" xlink:type="simple" xlink:href="afg-20220930.xsd#FairValueMeasurementsThecarryingvalueandfairvalueoffinancialinstrumentsDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/FairValueMeasurementsThecarryingvalueandfairvalueoffinancialinstrumentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_afg_FinancialAssetsNotAccountedForAtFairValue_1f43aac4-7a73-46be-94ba-e7e6ba96cfd8" xlink:href="afg-20220930.xsd#afg_FinancialAssetsNotAccountedForAtFairValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_45269888-9ecc-4e60-889e-c9a70396cc13" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_FinancialAssetsNotAccountedForAtFairValue_1f43aac4-7a73-46be-94ba-e7e6ba96cfd8" xlink:to="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_45269888-9ecc-4e60-889e-c9a70396cc13" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_550fc722-a5f2-4b07-8d11-3490192f6000" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_FinancialAssetsNotAccountedForAtFairValue_1f43aac4-7a73-46be-94ba-e7e6ba96cfd8" xlink:to="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_550fc722-a5f2-4b07-8d11-3490192f6000" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_FinancialLiabilitiesNotAccountedForAtFairValue_5b8afca9-724f-4035-a83c-a1a277429f91" xlink:href="afg-20220930.xsd#afg_FinancialLiabilitiesNotAccountedForAtFairValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_b8c5c358-c5d8-4d34-88a8-ca0d497b4d45" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongTermDebt"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_FinancialLiabilitiesNotAccountedForAtFairValue_5b8afca9-724f-4035-a83c-a1a277429f91" xlink:to="loc_us-gaap_LongTermDebt_b8c5c358-c5d8-4d34-88a8-ca0d497b4d45" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/InvestmentsAvailableforsalefixedmaturitiesDetails" xlink:type="simple" xlink:href="afg-20220930.xsd#InvestmentsAvailableforsalefixedmaturitiesDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/InvestmentsAvailableforsalefixedmaturitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax_37f53085-9c49-4769-93a1-c4aeacc69577" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_60fe2d3a-7a7a-494a-9272-e7ebfd0ec001" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax_37f53085-9c49-4769-93a1-c4aeacc69577" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_60fe2d3a-7a7a-494a-9272-e7ebfd0ec001" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_f7e9353b-a64d-4efb-b2b9-87e199b66d2a" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax_37f53085-9c49-4769-93a1-c4aeacc69577" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_f7e9353b-a64d-4efb-b2b9-87e199b66d2a" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/InvestmentsEquitysecuritiesreportedatfairvalueDetails" xlink:type="simple" xlink:href="afg-20220930.xsd#InvestmentsEquitysecuritiesreportedatfairvalueDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/InvestmentsEquitysecuritiesreportedatfairvalueDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquitySecuritiesFvNiCost_62ef707d-c3d3-43f4-83ca-45aa3c3e6ab0" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EquitySecuritiesFvNiCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquitySecuritiesFvNi_81140ad5-82b9-4793-81d5-dc3a1bcb4b64" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EquitySecuritiesFvNi"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EquitySecuritiesFvNiCost_62ef707d-c3d3-43f4-83ca-45aa3c3e6ab0" xlink:to="loc_us-gaap_EquitySecuritiesFvNi_81140ad5-82b9-4793-81d5-dc3a1bcb4b64" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_EquitySecuritiesFVNIFairValueinExcessofCost_19c0ee32-87ab-48bb-ac8f-2c63b0d3e0e5" xlink:href="afg-20220930.xsd#afg_EquitySecuritiesFVNIFairValueinExcessofCost"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EquitySecuritiesFvNiCost_62ef707d-c3d3-43f4-83ca-45aa3c3e6ab0" xlink:to="loc_afg_EquitySecuritiesFVNIFairValueinExcessofCost_19c0ee32-87ab-48bb-ac8f-2c63b0d3e0e5" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/InvestmentsScheduledmaturitiesofavailableforsalefixedmaturitiesDetails" xlink:type="simple" xlink:href="afg-20220930.xsd#InvestmentsScheduledmaturitiesofavailableforsalefixedmaturitiesDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/InvestmentsScheduledmaturitiesofavailableforsalefixedmaturitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss_883d8890-292c-4f7f-a862-da63894c09c9" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsAmortizedCost_a06aafcf-36e9-4da7-8ef4-4756300013e4" xlink:href="afg-20220930.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsAmortizedCost"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss_883d8890-292c-4f7f-a862-da63894c09c9" xlink:to="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsAmortizedCost_a06aafcf-36e9-4da7-8ef4-4756300013e4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_CollateralizedLoanObligationsandOtherAvailableforSaleSecuritiesABSAmortizedCost_1718a825-b60a-49eb-8035-8289e4225f60" xlink:href="afg-20220930.xsd#afg_CollateralizedLoanObligationsandOtherAvailableforSaleSecuritiesABSAmortizedCost"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss_883d8890-292c-4f7f-a862-da63894c09c9" xlink:to="loc_afg_CollateralizedLoanObligationsandOtherAvailableforSaleSecuritiesABSAmortizedCost_1718a825-b60a-49eb-8035-8289e4225f60" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesMbsAmortizedCost_2fdee734-ad14-4609-869a-955d9506a5fe" xlink:href="afg-20220930.xsd#afg_AvailableForSaleSecuritiesMbsAmortizedCost"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss_883d8890-292c-4f7f-a862-da63894c09c9" xlink:to="loc_afg_AvailableForSaleSecuritiesMbsAmortizedCost_2fdee734-ad14-4609-869a-955d9506a5fe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_328b917a-050d-4045-901f-e96123a27827" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue_ba05ca94-58a6-4780-a861-2f372dccc63b" xlink:href="afg-20220930.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_328b917a-050d-4045-901f-e96123a27827" xlink:to="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue_ba05ca94-58a6-4780-a861-2f372dccc63b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_CollateralizedLoanObligationsandOtherAvailableforSaleSecuritiesABSFairValue_47a1ee12-7709-4866-befb-4991840e571f" xlink:href="afg-20220930.xsd#afg_CollateralizedLoanObligationsandOtherAvailableforSaleSecuritiesABSFairValue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_328b917a-050d-4045-901f-e96123a27827" xlink:to="loc_afg_CollateralizedLoanObligationsandOtherAvailableforSaleSecuritiesABSFairValue_47a1ee12-7709-4866-befb-4991840e571f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_e4b9aaaf-c0b1-41fa-b3be-adec84d24f49" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_328b917a-050d-4045-901f-e96123a27827" xlink:to="loc_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_e4b9aaaf-c0b1-41fa-b3be-adec84d24f49" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsAmortizedCost_933216fd-5a27-460e-956a-367787835939" xlink:href="afg-20220930.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsAmortizedCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost_0f963395-2fc8-4e71-a377-97a521ad747e" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsAmortizedCost_933216fd-5a27-460e-956a-367787835939" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost_0f963395-2fc8-4e71-a377-97a521ad747e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_a8751c3f-3cd1-4b8a-9b73-f03625a9cc14" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsAmortizedCost_933216fd-5a27-460e-956a-367787835939" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_a8751c3f-3cd1-4b8a-9b73-f03625a9cc14" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost_d818f7c7-e2d9-416b-a698-65c376441d4c" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsAmortizedCost_933216fd-5a27-460e-956a-367787835939" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost_d818f7c7-e2d9-416b-a698-65c376441d4c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_4ad2139a-ff9a-407b-bbf4-7198f4144b6f" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsAmortizedCost_933216fd-5a27-460e-956a-367787835939" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_4ad2139a-ff9a-407b-bbf4-7198f4144b6f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesFairValuePercent_f06ea4f3-4212-4bd0-83ee-bb6759c3da95" xlink:href="afg-20220930.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesFairValuePercent"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValuePercent_f6513c05-fb4f-4b5f-9e76-1394ba6d3fd7" xlink:href="afg-20220930.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValuePercent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesFairValuePercent_f06ea4f3-4212-4bd0-83ee-bb6759c3da95" xlink:to="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValuePercent_f6513c05-fb4f-4b5f-9e76-1394ba6d3fd7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_CollateralizedLoanObligationsandOtherAvailableforSaleSecuritiesABSFairValuePercent_484431b9-fff0-4de5-9ac1-05c949252cc3" xlink:href="afg-20220930.xsd#afg_CollateralizedLoanObligationsandOtherAvailableforSaleSecuritiesABSFairValuePercent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesFairValuePercent_f06ea4f3-4212-4bd0-83ee-bb6759c3da95" xlink:to="loc_afg_CollateralizedLoanObligationsandOtherAvailableforSaleSecuritiesABSFairValuePercent_484431b9-fff0-4de5-9ac1-05c949252cc3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesMbsFairValuePercent_86c7427b-16b0-4306-babc-fb82a1224b89" xlink:href="afg-20220930.xsd#afg_AvailableForSaleSecuritiesMbsFairValuePercent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesFairValuePercent_f06ea4f3-4212-4bd0-83ee-bb6759c3da95" xlink:to="loc_afg_AvailableForSaleSecuritiesMbsFairValuePercent_86c7427b-16b0-4306-babc-fb82a1224b89" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValuePercent_1ceb8ae7-58af-42e3-a621-90e80797a889" xlink:href="afg-20220930.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValuePercent"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValuePercent_f9ae44e3-990f-43ce-a732-2882d333b6ae" xlink:href="afg-20220930.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValuePercent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValuePercent_1ceb8ae7-58af-42e3-a621-90e80797a889" xlink:to="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValuePercent_f9ae44e3-990f-43ce-a732-2882d333b6ae" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValuePercent_e43af740-049a-4818-9a8d-d9065cbe1e23" xlink:href="afg-20220930.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValuePercent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValuePercent_1ceb8ae7-58af-42e3-a621-90e80797a889" xlink:to="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValuePercent_e43af740-049a-4818-9a8d-d9065cbe1e23" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValuePercent_dc361394-4a1f-4f37-b7b6-f548d1c67a8a" xlink:href="afg-20220930.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValuePercent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValuePercent_1ceb8ae7-58af-42e3-a621-90e80797a889" xlink:to="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValuePercent_dc361394-4a1f-4f37-b7b6-f548d1c67a8a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValuePercent_e1b5eed5-3453-44c8-8917-02aa9d46c489" xlink:href="afg-20220930.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValuePercent"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValuePercent_1ceb8ae7-58af-42e3-a621-90e80797a889" xlink:to="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValuePercent_e1b5eed5-3453-44c8-8917-02aa9d46c489" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue_9fb6e10b-3dfc-406f-9069-9623329a2f01" xlink:href="afg-20220930.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_17068c92-642f-4d61-939c-8e17e94932f5" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue_9fb6e10b-3dfc-406f-9069-9623329a2f01" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_17068c92-642f-4d61-939c-8e17e94932f5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_a241148e-85ef-450a-85b7-bd377aea9bfc" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue_9fb6e10b-3dfc-406f-9069-9623329a2f01" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_a241148e-85ef-450a-85b7-bd377aea9bfc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_c510788d-a720-4d5c-ac7f-c45f66278008" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue_9fb6e10b-3dfc-406f-9069-9623329a2f01" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_c510788d-a720-4d5c-ac7f-c45f66278008" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue_28375004-e85e-4e94-a5ac-450c7cac4f35" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue_9fb6e10b-3dfc-406f-9069-9623329a2f01" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue_28375004-e85e-4e94-a5ac-450c7cac4f35" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/InvestmentsScheduleofsourcesofnetinvestmentincomeDetails" xlink:type="simple" xlink:href="afg-20220930.xsd#InvestmentsScheduleofsourcesofnetinvestmentincomeDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/InvestmentsScheduleofsourcesofnetinvestmentincomeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetInvestmentIncome_7d198450-5ca8-4260-a20b-60e69974a673" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetInvestmentIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GrossInvestmentIncomeOperating_c7038e85-d3f5-4bc4-b668-b5d98193b4b9" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_GrossInvestmentIncomeOperating"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetInvestmentIncome_7d198450-5ca8-4260-a20b-60e69974a673" xlink:to="loc_us-gaap_GrossInvestmentIncomeOperating_c7038e85-d3f5-4bc4-b668-b5d98193b4b9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentIncomeInvestmentExpense_bd368a9a-80cc-45d7-9fbf-8df36b312fb9" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InvestmentIncomeInvestmentExpense"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetInvestmentIncome_7d198450-5ca8-4260-a20b-60e69974a673" xlink:to="loc_us-gaap_InvestmentIncomeInvestmentExpense_bd368a9a-80cc-45d7-9fbf-8df36b312fb9" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/LongTermDebtScheduleoflongtermdebtDetails" xlink:type="simple" xlink:href="afg-20220930.xsd#LongTermDebtScheduleoflongtermdebtDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/LongTermDebtScheduleoflongtermdebtDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_80b3308e-bec0-40f6-9b1c-220a13fd3df8" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongTermDebt"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_30f860ef-49ae-4363-a660-61dd62b3b77e" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_80b3308e-bec0-40f6-9b1c-220a13fd3df8" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_30f860ef-49ae-4363-a660-61dd62b3b77e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredFinanceCostsNet_ecf6b1a5-81cb-4505-a01c-94cf7f15821c" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DeferredFinanceCostsNet"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_80b3308e-bec0-40f6-9b1c-220a13fd3df8" xlink:to="loc_us-gaap_DeferredFinanceCostsNet_ecf6b1a5-81cb-4505-a01c-94cf7f15821c" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/ShareholdersEquityProgressionofthecomponentsofaccumulatedothercomprehensiveincomeDetails" xlink:type="simple" xlink:href="afg-20220930.xsd#ShareholdersEquityProgressionofthecomponentsofaccumulatedothercomprehensiveincomeDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/ShareholdersEquityProgressionofthecomponentsofaccumulatedothercomprehensiveincomeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_ad6cf14d-6c88-44a0-af70-23dc43944e0f" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_11aea141-19ec-4ccf-b3ba-eeb21a8e1d56" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_ad6cf14d-6c88-44a0-af70-23dc43944e0f" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_11aea141-19ec-4ccf-b3ba-eeb21a8e1d56" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_e607fc5d-3ffb-405b-8c55-a1e34c0d2126" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_ad6cf14d-6c88-44a0-af70-23dc43944e0f" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_e607fc5d-3ffb-405b-8c55-a1e34c0d2126" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_741d7795-e7bd-4150-becb-a3475735eaa5" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax_74e7cefc-4e9c-4f3a-9567-c769d79e7548" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_741d7795-e7bd-4150-becb-a3475735eaa5" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax_74e7cefc-4e9c-4f3a-9567-c769d79e7548" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_9ac9d5d3-7faf-4fb5-80b3-5a88d614d21e" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_741d7795-e7bd-4150-becb-a3475735eaa5" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_9ac9d5d3-7faf-4fb5-80b3-5a88d614d21e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossTax_809eb1c8-25b8-49c7-aa02-8650ba9e9c51" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax_a2baea87-4167-42f1-84fd-e666fe1b32ff" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossTax_809eb1c8-25b8-49c7-aa02-8650ba9e9c51" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax_a2baea87-4167-42f1-84fd-e666fe1b32ff" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax_9d84cb4b-df1e-4e22-bd74-128e85551203" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossTax_809eb1c8-25b8-49c7-aa02-8650ba9e9c51" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax_9d84cb4b-df1e-4e22-bd74-128e85551203" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax_25a0f7f2-8e66-4fc2-9943-d1ee588a80dd" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossTax_809eb1c8-25b8-49c7-aa02-8650ba9e9c51" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax_25a0f7f2-8e66-4fc2-9943-d1ee588a80dd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax_5e952c26-6f7e-4344-8346-6838e27ed71f" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossTax_809eb1c8-25b8-49c7-aa02-8650ba9e9c51" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax_5e952c26-6f7e-4344-8346-6838e27ed71f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_feaafae4-83ea-4c93-a204-7088151a4232" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax_f0867c30-bf9c-4e24-9602-33fd808b746e" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_feaafae4-83ea-4c93-a204-7088151a4232" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax_f0867c30-bf9c-4e24-9602-33fd808b746e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax_91ff1910-a369-4326-bc7e-9ed135148aa6" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_feaafae4-83ea-4c93-a204-7088151a4232" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax_91ff1910-a369-4326-bc7e-9ed135148aa6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax_1cfec018-f000-46b1-98de-78e68407cba7" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax_d2bc2d82-622d-42fe-8b9e-5ba684ccf83b" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax_1cfec018-f000-46b1-98de-78e68407cba7" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax_d2bc2d82-622d-42fe-8b9e-5ba684ccf83b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_120700c4-51c4-43dd-9080-da0a0de73329" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax_1cfec018-f000-46b1-98de-78e68407cba7" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_120700c4-51c4-43dd-9080-da0a0de73329" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTaxDispositionOfSubsidiaries_afec05e7-065e-4dda-bb46-fef108ee930e" xlink:href="afg-20220930.xsd#afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTaxDispositionOfSubsidiaries"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax_1cfec018-f000-46b1-98de-78e68407cba7" xlink:to="loc_afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTaxDispositionOfSubsidiaries_afec05e7-065e-4dda-bb46-fef108ee930e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_5d4fe235-0264-443b-a548-c104c71431f5" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax_62f7124a-b941-493c-967a-bfe8ce6f2a1e" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_5d4fe235-0264-443b-a548-c104c71431f5" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax_62f7124a-b941-493c-967a-bfe8ce6f2a1e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax_db7ede04-5a74-45c7-9b0d-90d82d168aaf" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_5d4fe235-0264-443b-a548-c104c71431f5" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax_db7ede04-5a74-45c7-9b0d-90d82d168aaf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax_b1e997b6-8be1-4fd1-aea7-31ae76d2fffa" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax_ff6ca3c3-6b22-47c0-bbb5-39c7d7368e5f" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax_b1e997b6-8be1-4fd1-aea7-31ae76d2fffa" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax_ff6ca3c3-6b22-47c0-bbb5-39c7d7368e5f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTaxDispositionOfSubsidiaries_a242de66-3937-48d3-bc76-b10aa6d8321d" xlink:href="afg-20220930.xsd#afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTaxDispositionOfSubsidiaries"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax_b1e997b6-8be1-4fd1-aea7-31ae76d2fffa" xlink:to="loc_afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTaxDispositionOfSubsidiaries_a242de66-3937-48d3-bc76-b10aa6d8321d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax_0bb11d8c-4449-43d9-9155-eb58b686bdc9" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax_b1e997b6-8be1-4fd1-aea7-31ae76d2fffa" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax_0bb11d8c-4449-43d9-9155-eb58b686bdc9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax_5a40db84-8a35-40ba-b49c-60d948e75edb" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTaxDispositionOfSubsidiaries_0d32d5dc-2c03-4938-b760-0c0b35e9f354" xlink:href="afg-20220930.xsd#afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTaxDispositionOfSubsidiaries"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax_5a40db84-8a35-40ba-b49c-60d948e75edb" xlink:to="loc_afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTaxDispositionOfSubsidiaries_0d32d5dc-2c03-4938-b760-0c0b35e9f354" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_1c2ce2c4-353e-4af1-9b56-f82c440aa9d9" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax_5a40db84-8a35-40ba-b49c-60d948e75edb" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_1c2ce2c4-353e-4af1-9b56-f82c440aa9d9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_912182f0-8b1d-4abd-ac8b-3acffbf2eb45" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax_5a40db84-8a35-40ba-b49c-60d948e75edb" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_912182f0-8b1d-4abd-ac8b-3acffbf2eb45" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax_5c5f532b-1149-4e9a-b6bb-f0a3a578b463" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax_7fd7e220-79af-4364-a942-319e0f28ac0a" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax_5c5f532b-1149-4e9a-b6bb-f0a3a578b463" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax_7fd7e220-79af-4364-a942-319e0f28ac0a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTaxDispositionOfSubsidiaries_4288656c-13d7-4316-bc24-859a091ab052" xlink:href="afg-20220930.xsd#afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTaxDispositionOfSubsidiaries"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax_5c5f532b-1149-4e9a-b6bb-f0a3a578b463" xlink:to="loc_afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTaxDispositionOfSubsidiaries_4288656c-13d7-4316-bc24-859a091ab052" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_44197f3d-c0c0-4ae0-9ee2-c8de739d9291" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax_5c5f532b-1149-4e9a-b6bb-f0a3a578b463" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_44197f3d-c0c0-4ae0-9ee2-c8de739d9291" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCIAfterTax_a281e23d-21cb-4f69-b301-3a0f28456c80" xlink:href="afg-20220930.xsd#afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCIAfterTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCIBeforeTax_beb14662-3b3e-488e-8e68-58b90e3ceca2" xlink:href="afg-20220930.xsd#afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCIBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCIAfterTax_a281e23d-21cb-4f69-b301-3a0f28456c80" xlink:to="loc_afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCIBeforeTax_beb14662-3b3e-488e-8e68-58b90e3ceca2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCITax_78289d29-4c90-4275-8aab-5d70e2d55ee9" xlink:href="afg-20220930.xsd#afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCITax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCIAfterTax_a281e23d-21cb-4f69-b301-3a0f28456c80" xlink:to="loc_afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCITax_78289d29-4c90-4275-8aab-5d70e2d55ee9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_c6b71754-bb22-43a3-920a-bdf0765787b5" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCIAfterTax_3e5e1331-d973-4f68-80bb-0b8255e4b2b4" xlink:href="afg-20220930.xsd#afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCIAfterTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_c6b71754-bb22-43a3-920a-bdf0765787b5" xlink:to="loc_afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCIAfterTax_3e5e1331-d973-4f68-80bb-0b8255e4b2b4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax_d6399000-faa1-4bae-8ca9-3f139c8e38e9" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_c6b71754-bb22-43a3-920a-bdf0765787b5" xlink:to="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax_d6399000-faa1-4bae-8ca9-3f139c8e38e9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax_f5334a5e-38ee-437b-a19e-e324c6c2f4bb" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCITax_f1524a6f-be1f-4ca2-8040-87b9f4b630cc" xlink:href="afg-20220930.xsd#afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCITax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax_f5334a5e-38ee-437b-a19e-e324c6c2f4bb" xlink:to="loc_afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCITax_f1524a6f-be1f-4ca2-8040-87b9f4b630cc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax_7d03650c-7132-4978-b800-9a4c656e32b8" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax_f5334a5e-38ee-437b-a19e-e324c6c2f4bb" xlink:to="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax_7d03650c-7132-4978-b800-9a4c656e32b8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_efd74866-6089-4889-908d-d9df325b9ee6" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax_3f34d2b4-8201-49de-a2ad-4b38fcecf412" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_efd74866-6089-4889-908d-d9df325b9ee6" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax_3f34d2b4-8201-49de-a2ad-4b38fcecf412" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax_9ba9d324-6f12-4ecc-bdc8-b16b7ccdfce5" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_efd74866-6089-4889-908d-d9df325b9ee6" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax_9ba9d324-6f12-4ecc-bdc8-b16b7ccdfce5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax_2b2bbd92-e0bf-4cc8-af09-577309522a3b" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_efd74866-6089-4889-908d-d9df325b9ee6" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax_2b2bbd92-e0bf-4cc8-af09-577309522a3b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax_68f60eae-5601-480f-9e46-e87510d43279" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_efd74866-6089-4889-908d-d9df325b9ee6" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax_68f60eae-5601-480f-9e46-e87510d43279" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax_fd3e459f-5c89-42af-aafa-14633c4b9523" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax_8101c52f-1f8c-42b1-907c-ad6784fad859" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax_fd3e459f-5c89-42af-aafa-14633c4b9523" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax_8101c52f-1f8c-42b1-907c-ad6784fad859" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCIBeforeTax_f47899f1-15da-48dd-8f81-61b7a16c3113" xlink:href="afg-20220930.xsd#afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCIBeforeTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax_fd3e459f-5c89-42af-aafa-14633c4b9523" xlink:to="loc_afg_OtherComprehensiveIncomeLossDefinedBenefitPlanPensionSettlementReclassificationAdjustmentFromAOCIBeforeTax_f47899f1-15da-48dd-8f81-61b7a16c3113" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_e114a57a-b82c-4138-b454-4f9bbeb182fb" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax_0aebded4-9906-48ab-bfd1-f65bf4a65463" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_e114a57a-b82c-4138-b454-4f9bbeb182fb" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax_0aebded4-9906-48ab-bfd1-f65bf4a65463" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_d25868b7-5bc0-46bc-b473-528695123546" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_e114a57a-b82c-4138-b454-4f9bbeb182fb" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_d25868b7-5bc0-46bc-b473-528695123546" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTaxDispositionOfSubsidiaries_b41c27ff-acfd-453b-9fdb-733a04a03140" xlink:href="afg-20220930.xsd#afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTaxDispositionOfSubsidiaries"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTaxDispositionOfSubsidiaries_be987632-e1ba-42e5-866d-eaf0a048d23c" xlink:href="afg-20220930.xsd#afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTaxDispositionOfSubsidiaries"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTaxDispositionOfSubsidiaries_b41c27ff-acfd-453b-9fdb-733a04a03140" xlink:to="loc_afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTaxDispositionOfSubsidiaries_be987632-e1ba-42e5-866d-eaf0a048d23c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTaxDispositionOfSubsidiaries_10940099-419d-4738-906b-9a42bd8a50f4" xlink:href="afg-20220930.xsd#afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTaxDispositionOfSubsidiaries"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTaxDispositionOfSubsidiaries_b41c27ff-acfd-453b-9fdb-733a04a03140" xlink:to="loc_afg_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTaxDispositionOfSubsidiaries_10940099-419d-4738-906b-9a42bd8a50f4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax_a6a7c422-9af7-49f7-acc6-51ab4723d914" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax_f6979f30-ec91-4176-b552-ed1ae0cf521f" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax_a6a7c422-9af7-49f7-acc6-51ab4723d914" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax_f6979f30-ec91-4176-b552-ed1ae0cf521f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax_bdc73b3f-7aca-4fb5-9e74-94051b763066" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax_a6a7c422-9af7-49f7-acc6-51ab4723d914" xlink:to="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax_bdc73b3f-7aca-4fb5-9e74-94051b763066" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTaxDispositionOfSubsidiaries_e49e9288-c40d-484d-8eb2-9c034eafdc9c" xlink:href="afg-20220930.xsd#afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTaxDispositionOfSubsidiaries"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTaxDispositionOfSubsidiaries_dcd2affb-f87f-45f9-a148-db2480acba48" xlink:href="afg-20220930.xsd#afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTaxDispositionOfSubsidiaries"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTaxDispositionOfSubsidiaries_e49e9288-c40d-484d-8eb2-9c034eafdc9c" xlink:to="loc_afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTaxDispositionOfSubsidiaries_dcd2affb-f87f-45f9-a148-db2480acba48" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTaxDispositionOfSubsidiaries_97f132a2-1f28-4af8-931e-758778800fae" xlink:href="afg-20220930.xsd#afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTaxDispositionOfSubsidiaries"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTaxDispositionOfSubsidiaries_e49e9288-c40d-484d-8eb2-9c034eafdc9c" xlink:to="loc_afg_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTaxDispositionOfSubsidiaries_97f132a2-1f28-4af8-931e-758778800fae" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/IncomeTaxesReconciliationofincometaxesatthestatutoryratetotheprovisionforincometaxesDetails" xlink:type="simple" xlink:href="afg-20220930.xsd#IncomeTaxesReconciliationofincometaxesatthestatutoryratetotheprovisionforincometaxesDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/IncomeTaxesReconciliationofincometaxesatthestatutoryratetotheprovisionforincometaxesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_8ed3c25b-d81c-451d-8de5-9d3a0b12d8a1" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense_1664dae9-a20c-4cdc-8149-8a8dc287b07e" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_8ed3c25b-d81c-451d-8de5-9d3a0b12d8a1" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense_1664dae9-a20c-4cdc-8149-8a8dc287b07e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_7d2dbb7a-9085-4cb1-b3c3-12365222d84b" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_8ed3c25b-d81c-451d-8de5-9d3a0b12d8a1" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_7d2dbb7a-9085-4cb1-b3c3-12365222d84b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes_a13f791d-ccab-49e3-b511-7c50c37322bb" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_8ed3c25b-d81c-451d-8de5-9d3a0b12d8a1" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes_a13f791d-ccab-49e3-b511-7c50c37322bb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_bb09cf93-36a9-43d4-82e3-5c97ee0527d0" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_8ed3c25b-d81c-451d-8de5-9d3a0b12d8a1" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_bb09cf93-36a9-43d4-82e3-5c97ee0527d0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends_f0731e32-6b73-4a04-a133-4370c03bf0e5" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_8ed3c25b-d81c-451d-8de5-9d3a0b12d8a1" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends_f0731e32-6b73-4a04-a133-4370c03bf0e5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_4d20b932-1067-48aa-9f1d-bbc1a13e1458" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_8ed3c25b-d81c-451d-8de5-9d3a0b12d8a1" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_4d20b932-1067-48aa-9f1d-bbc1a13e1458" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_81d22a1e-f0d0-4408-90ba-8a268b33e19c" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_8ed3c25b-d81c-451d-8de5-9d3a0b12d8a1" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_81d22a1e-f0d0-4408-90ba-8a268b33e19c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost_919cddaa-58be-462f-9b48-e4eec3af1289" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_8ed3c25b-d81c-451d-8de5-9d3a0b12d8a1" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost_919cddaa-58be-462f-9b48-e4eec3af1289" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends_e82d920b-9e6e-4a2c-9188-dd2012b2bab5" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends"/>
    <link:calculationArc order="9" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_8ed3c25b-d81c-451d-8de5-9d3a0b12d8a1" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends_e82d920b-9e6e-4a2c-9188-dd2012b2bab5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome_95c02fac-60be-4b3e-afc6-7fe954042512" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome"/>
    <link:calculationArc order="10" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_8ed3c25b-d81c-451d-8de5-9d3a0b12d8a1" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome_95c02fac-60be-4b3e-afc6-7fe954042512" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_5798a11f-2cec-4b89-993b-dfb8a9922a06" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationPriorYearIncomeTaxes_4db732e1-8904-41c7-8551-fffa01c67d0a" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeTaxReconciliationPriorYearIncomeTaxes"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_5798a11f-2cec-4b89-993b-dfb8a9922a06" xlink:to="loc_us-gaap_IncomeTaxReconciliationPriorYearIncomeTaxes_4db732e1-8904-41c7-8551-fffa01c67d0a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationOtherAdjustments_5a96797e-110a-48d6-8072-97d9790e748a" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeTaxReconciliationOtherAdjustments"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_5798a11f-2cec-4b89-993b-dfb8a9922a06" xlink:to="loc_us-gaap_IncomeTaxReconciliationOtherAdjustments_5a96797e-110a-48d6-8072-97d9790e748a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost_f90473a0-c197-47c7-b44a-e97c8a07f2d6" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_5798a11f-2cec-4b89-993b-dfb8a9922a06" xlink:to="loc_us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost_f90473a0-c197-47c7-b44a-e97c8a07f2d6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_2b34789f-df2f-46b6-8135-2ea8275e78b4" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_5798a11f-2cec-4b89-993b-dfb8a9922a06" xlink:to="loc_us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_2b34789f-df2f-46b6-8135-2ea8275e78b4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential_f13e1396-ed97-451d-a619-544ff8a2c819" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_5798a11f-2cec-4b89-993b-dfb8a9922a06" xlink:to="loc_us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential_f13e1396-ed97-451d-a619-544ff8a2c819" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationTaxExemptIncome_28eb33d7-7b3d-4f4d-b2fa-34df36300ee9" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeTaxReconciliationTaxExemptIncome"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_5798a11f-2cec-4b89-993b-dfb8a9922a06" xlink:to="loc_us-gaap_IncomeTaxReconciliationTaxExemptIncome_28eb33d7-7b3d-4f4d-b2fa-34df36300ee9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends_71f82286-7ae2-40b6-b574-0f1f2157262d" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_5798a11f-2cec-4b89-993b-dfb8a9922a06" xlink:to="loc_us-gaap_IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends_71f82286-7ae2-40b6-b574-0f1f2157262d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_09f8abe8-ac2b-4b1a-a088-6b68bb627755" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_5798a11f-2cec-4b89-993b-dfb8a9922a06" xlink:to="loc_us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_09f8abe8-ac2b-4b1a-a088-6b68bb627755" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationNondeductibleExpense_a081518e-f60a-4359-800b-c717955a8b05" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeTaxReconciliationNondeductibleExpense"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_5798a11f-2cec-4b89-993b-dfb8a9922a06" xlink:to="loc_us-gaap_IncomeTaxReconciliationNondeductibleExpense_a081518e-f60a-4359-800b-c717955a8b05" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationDeductionsDividends_51a98772-0526-4f2a-adcd-1da03d69b0e7" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeTaxReconciliationDeductionsDividends"/>
    <link:calculationArc order="10" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_5798a11f-2cec-4b89-993b-dfb8a9922a06" xlink:to="loc_us-gaap_IncomeTaxReconciliationDeductionsDividends_51a98772-0526-4f2a-adcd-1da03d69b0e7" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/InsuranceAnalysisofchangesintheliabilityforlossesandlossadjustmentexpensesnetofreinsuranceDetails" xlink:type="simple" xlink:href="afg-20220930.xsd#InsuranceAnalysisofchangesintheliabilityforlossesandlossadjustmentexpensesnetofreinsuranceDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/InsuranceAnalysisofchangesintheliabilityforlossesandlossadjustmentexpensesnetofreinsuranceDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1_90cb917c-6628-4f60-867a-edc49ddf7172" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense_ed2915db-338a-41e4-af9b-f05d218723ff" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1_90cb917c-6628-4f60-867a-edc49ddf7172" xlink:to="loc_us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense_ed2915db-338a-41e4-af9b-f05d218723ff" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense_20ee56a2-4c86-456e-a9c9-cbe14604613a" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1_90cb917c-6628-4f60-867a-edc49ddf7172" xlink:to="loc_us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense_20ee56a2-4c86-456e-a9c9-cbe14604613a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForLossesAndLossAdjustmentExpense_42016f7d-e1e1-4abe-bf4d-587ce4104929" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PaymentsForLossesAndLossAdjustmentExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1_4ce439c7-4153-4203-936a-9e559ea973c9" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PaymentsForLossesAndLossAdjustmentExpense_42016f7d-e1e1-4abe-bf4d-587ce4104929" xlink:to="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1_4ce439c7-4153-4203-936a-9e559ea973c9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1_67bf35ff-e67b-4268-b792-71905dbd3818" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PaymentsForLossesAndLossAdjustmentExpense_42016f7d-e1e1-4abe-bf4d-587ce4104929" xlink:to="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1_67bf35ff-e67b-4268-b792-71905dbd3818" xlink:type="arc"/>
  </link:calculationLink>
</link:linkbase>
