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

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2025 Workiva-->
<!--r:8a96b49a-a87c-4c8c-a084-663f38e422c1,g:db27e7b5-2600-454b-9442-254564ba653b-->
<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-20250331.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_Liabilities_8a3b23f3-b31b-4f32-9a02-58297c30a5a0" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_Liabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_31c2a39f-f074-4394-8f79-e7bd4b31204a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LongTermDebt"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_8a3b23f3-b31b-4f32-9a02-58297c30a5a0" xlink:to="loc_us-gaap_LongTermDebt_31c2a39f-f074-4394-8f79-e7bd4b31204a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReinsurancePayable_091bab8a-3cc0-4ef7-97e1-acaf44fa9aef" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ReinsurancePayable"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_8a3b23f3-b31b-4f32-9a02-58297c30a5a0" xlink:to="loc_us-gaap_ReinsurancePayable_091bab8a-3cc0-4ef7-97e1-acaf44fa9aef" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_VariableInterestEntityLiabilities_a8f9e083-6924-4f5d-9a1c-5acd6709f601" xlink:href="afg-20250331.xsd#afg_VariableInterestEntityLiabilities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_8a3b23f3-b31b-4f32-9a02-58297c30a5a0" xlink:to="loc_afg_VariableInterestEntityLiabilities_a8f9e083-6924-4f5d-9a1c-5acd6709f601" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnearnedPremiums_19a67bb3-4876-4856-bff8-ed38d6b06a8a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_UnearnedPremiums"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_8a3b23f3-b31b-4f32-9a02-58297c30a5a0" xlink:to="loc_us-gaap_UnearnedPremiums_19a67bb3-4876-4856-bff8-ed38d6b06a8a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilities_c5e64c4a-2c57-43d1-a206-e75a147fda85" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherLiabilities"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_8a3b23f3-b31b-4f32-9a02-58297c30a5a0" xlink:to="loc_us-gaap_OtherLiabilities_c5e64c4a-2c57-43d1-a206-e75a147fda85" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_9e78857d-aeee-49a0-80e2-ab75fad688fb" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_8a3b23f3-b31b-4f32-9a02-58297c30a5a0" xlink:to="loc_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_9e78857d-aeee-49a0-80e2-ab75fad688fb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_d1e11a4b-aaa3-4d94-8de5-08269fd269f0" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_Assets"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsAndCash_8a2f6b31-383d-4675-8b9e-eb236fcd4665" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_InvestmentsAndCash"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_d1e11a4b-aaa3-4d94-8de5-08269fd269f0" xlink:to="loc_us-gaap_InvestmentsAndCash_8a2f6b31-383d-4675-8b9e-eb236fcd4665" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssets_02dee176-8c56-4cdc-b070-865cb9c97cdf" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherAssets"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_d1e11a4b-aaa3-4d94-8de5-08269fd269f0" xlink:to="loc_us-gaap_OtherAssets_02dee176-8c56-4cdc-b070-865cb9c97cdf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired_6d1711c7-c11d-4c48-828a-329b031c2f18" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_d1e11a4b-aaa3-4d94-8de5-08269fd269f0" xlink:to="loc_us-gaap_DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired_6d1711c7-c11d-4c48-828a-329b031c2f18" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherReceivables_8e74eb59-26bd-4157-aa54-45e246f01223" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherReceivables"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_d1e11a4b-aaa3-4d94-8de5-08269fd269f0" xlink:to="loc_us-gaap_OtherReceivables_8e74eb59-26bd-4157-aa54-45e246f01223" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReinsuranceRecoverablesOnPaidAndUnpaidLosses_0d240b78-a59a-44a7-aaa4-55fddee2161b" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ReinsuranceRecoverablesOnPaidAndUnpaidLosses"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_d1e11a4b-aaa3-4d94-8de5-08269fd269f0" xlink:to="loc_us-gaap_ReinsuranceRecoverablesOnPaidAndUnpaidLosses_0d240b78-a59a-44a7-aaa4-55fddee2161b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PremiumsReceivableAtCarryingValue_4b751c52-90f8-4a3c-98d6-9f165f832fa6" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PremiumsReceivableAtCarryingValue"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_d1e11a4b-aaa3-4d94-8de5-08269fd269f0" xlink:to="loc_us-gaap_PremiumsReceivableAtCarryingValue_4b751c52-90f8-4a3c-98d6-9f165f832fa6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_VariableInterestEntityAssets_fb644297-8c99-428c-a932-04e5bc270291" xlink:href="afg-20250331.xsd#afg_VariableInterestEntityAssets"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_d1e11a4b-aaa3-4d94-8de5-08269fd269f0" xlink:to="loc_afg_VariableInterestEntityAssets_fb644297-8c99-428c-a932-04e5bc270291" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_ed8290cf-6c7d-4201-a85b-84c52429ee35" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_Goodwill"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_d1e11a4b-aaa3-4d94-8de5-08269fd269f0" xlink:to="loc_us-gaap_Goodwill_ed8290cf-6c7d-4201-a85b-84c52429ee35" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidReinsurancePremiums_734894e3-2a46-4674-91b2-e0ee590ef0af" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PrepaidReinsurancePremiums"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_d1e11a4b-aaa3-4d94-8de5-08269fd269f0" xlink:to="loc_us-gaap_PrepaidReinsurancePremiums_734894e3-2a46-4674-91b2-e0ee590ef0af" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_c2a6387b-c199-4524-a26b-246c1885b0ce" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_023718e3-ee6a-41e1-8400-3c0f6b37204c" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_c2a6387b-c199-4524-a26b-246c1885b0ce" xlink:to="loc_us-gaap_Liabilities_023718e3-ee6a-41e1-8400-3c0f6b37204c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_b25802e2-2c8b-490c-b4f5-cb342f375cdd" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_c2a6387b-c199-4524-a26b-246c1885b0ce" xlink:to="loc_us-gaap_StockholdersEquity_b25802e2-2c8b-490c-b4f5-cb342f375cdd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_c9526680-8d95-44bb-9b1e-d5820e304d87" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_StockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsUnappropriated_eb8bad46-d343-48f7-af86-0a5cef0c0466" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_c9526680-8d95-44bb-9b1e-d5820e304d87" xlink:to="loc_us-gaap_RetainedEarningsUnappropriated_eb8bad46-d343-48f7-af86-0a5cef0c0466" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_b1f434f7-69ee-4a3c-855b-ebf7c62af31f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_c9526680-8d95-44bb-9b1e-d5820e304d87" xlink:to="loc_us-gaap_CommonStockValue_b1f434f7-69ee-4a3c-855b-ebf7c62af31f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_94f24ed5-247f-4fc4-9b0e-b721c9b8f40e" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_c9526680-8d95-44bb-9b1e-d5820e304d87" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_94f24ed5-247f-4fc4-9b0e-b721c9b8f40e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_4da5be0e-8d2e-44c1-a196-012011cfb110" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_c9526680-8d95-44bb-9b1e-d5820e304d87" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_4da5be0e-8d2e-44c1-a196-012011cfb110" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsAndCash_19096742-0879-4b21-b769-70b0fa8ab3c6" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_InvestmentsAndCash"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_c1f03b24-a5b7-40f1-960a-096ac15976f8" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_19096742-0879-4b21-b769-70b0fa8ab3c6" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_c1f03b24-a5b7-40f1-960a-096ac15976f8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestments_9ea51038-17a3-4618-938e-a9ec4e019b5b" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_19096742-0879-4b21-b769-70b0fa8ab3c6" xlink:to="loc_us-gaap_OtherInvestments_9ea51038-17a3-4618-938e-a9ec4e019b5b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestments_b1a782ab-6eaa-4eba-bced-55af1cb64b02" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_19096742-0879-4b21-b769-70b0fa8ab3c6" xlink:to="loc_us-gaap_EquityMethodInvestments_b1a782ab-6eaa-4eba-bced-55af1cb64b02" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_8ebe7f27-16de-4f95-a895-0d7028e5d8fe" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_19096742-0879-4b21-b769-70b0fa8ab3c6" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_8ebe7f27-16de-4f95-a895-0d7028e5d8fe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_7ef71458-e771-4b75-8987-46bd746869ad" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_19096742-0879-4b21-b769-70b0fa8ab3c6" xlink:to="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_7ef71458-e771-4b75-8987-46bd746869ad" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecuritiesDebt_0b435ba3-e405-40c4-bf3c-08d78bc5ef98" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_19096742-0879-4b21-b769-70b0fa8ab3c6" xlink:to="loc_us-gaap_TradingSecuritiesDebt_0b435ba3-e405-40c4-bf3c-08d78bc5ef98" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquitySecuritiesFvNi_416eb0a4-4d5f-4faf-8d2a-9115a2abe9b5" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_19096742-0879-4b21-b769-70b0fa8ab3c6" xlink:to="loc_us-gaap_EquitySecuritiesFvNi_416eb0a4-4d5f-4faf-8d2a-9115a2abe9b5" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/ConsolidatedStatementofEarningsUnaudited" xlink:type="simple" xlink:href="afg-20250331.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_OperatingIncomeLoss_677d5508-8899-4b36-b62b-51046e94d8ce" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_489f4c45-508a-4371-9ec9-626a1f0416cb" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_677d5508-8899-4b36-b62b-51046e94d8ce" xlink:to="loc_us-gaap_Revenues_489f4c45-508a-4371-9ec9-626a1f0416cb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BenefitsLossesAndExpenses_7b9f2ebb-1810-43f1-ac54-997cdcfddadc" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_677d5508-8899-4b36-b62b-51046e94d8ce" xlink:to="loc_us-gaap_BenefitsLossesAndExpenses_7b9f2ebb-1810-43f1-ac54-997cdcfddadc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_520de47b-e712-40eb-8411-3894f47d8704" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_Revenues"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetInvestmentIncome_fd9f17c7-fa2f-486e-8470-ce596980662b" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetInvestmentIncome"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_520de47b-e712-40eb-8411-3894f47d8704" xlink:to="loc_us-gaap_NetInvestmentIncome_fd9f17c7-fa2f-486e-8470-ce596980662b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PremiumsEarnedNet_1ac95d13-de4e-421e-b6be-cbae0a9680f9" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PremiumsEarnedNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_520de47b-e712-40eb-8411-3894f47d8704" xlink:to="loc_us-gaap_PremiumsEarnedNet_1ac95d13-de4e-421e-b6be-cbae0a9680f9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncome_0c09b7ff-aebd-4fc9-ac5f-b28c9c5e14b2" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherIncome"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_520de47b-e712-40eb-8411-3894f47d8704" xlink:to="loc_us-gaap_OtherIncome_0c09b7ff-aebd-4fc9-ac5f-b28c9c5e14b2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_GainLossonChangeinFairValueofAssetsandLiabilitiesofManagedInvestmentEntities_c2741218-fa9d-4a98-9f84-8aeb71c1dc8a" xlink:href="afg-20250331.xsd#afg_GainLossonChangeinFairValueofAssetsandLiabilitiesofManagedInvestmentEntities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_520de47b-e712-40eb-8411-3894f47d8704" xlink:to="loc_afg_GainLossonChangeinFairValueofAssetsandLiabilitiesofManagedInvestmentEntities_c2741218-fa9d-4a98-9f84-8aeb71c1dc8a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtAndEquitySecuritiesRealizedGainLoss_8e1eea55-56f1-4d15-9d8d-fd5ae6b98f47" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DebtAndEquitySecuritiesRealizedGainLoss"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_520de47b-e712-40eb-8411-3894f47d8704" xlink:to="loc_us-gaap_DebtAndEquitySecuritiesRealizedGainLoss_8e1eea55-56f1-4d15-9d8d-fd5ae6b98f47" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_InvestmentIncomeOfManagedInvestmentEntities_8922b801-34cd-4257-aad8-636b07429f7f" xlink:href="afg-20250331.xsd#afg_InvestmentIncomeOfManagedInvestmentEntities"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_520de47b-e712-40eb-8411-3894f47d8704" xlink:to="loc_afg_InvestmentIncomeOfManagedInvestmentEntities_8922b801-34cd-4257-aad8-636b07429f7f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_fca8ebc9-050e-4db7-b621-b7f5b51ab295" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_ed86e4ec-21f1-4612-a935-aea1679258a8" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_fca8ebc9-050e-4db7-b621-b7f5b51ab295" xlink:to="loc_us-gaap_OperatingIncomeLoss_ed86e4ec-21f1-4612-a935-aea1679258a8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_85a0127f-8b13-4b28-a220-07f0bb92f143" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_fca8ebc9-050e-4db7-b621-b7f5b51ab295" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_85a0127f-8b13-4b28-a220-07f0bb92f143" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BenefitsLossesAndExpenses_7fbe2018-9c51-42e9-953d-0ba34b1b837b" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_BenefitsLossesAndExpenses"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SellingGeneralAndAdministrativeExpense_adbb371d-4bc9-4c83-a290-c35cbb5f607e" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_SellingGeneralAndAdministrativeExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_BenefitsLossesAndExpenses_7fbe2018-9c51-42e9-953d-0ba34b1b837b" xlink:to="loc_us-gaap_SellingGeneralAndAdministrativeExpense_adbb371d-4bc9-4c83-a290-c35cbb5f607e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_2ba31aba-cf01-44ce-9b19-0bc06cbfd75b" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_BenefitsLossesAndExpenses_7fbe2018-9c51-42e9-953d-0ba34b1b837b" xlink:to="loc_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_2ba31aba-cf01-44ce-9b19-0bc06cbfd75b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_ExpensesOfManagedInvestmentEntities_c7eac27b-c11f-477a-963c-bcaa8809a08b" xlink:href="afg-20250331.xsd#afg_ExpensesOfManagedInvestmentEntities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_BenefitsLossesAndExpenses_7fbe2018-9c51-42e9-953d-0ba34b1b837b" xlink:to="loc_afg_ExpensesOfManagedInvestmentEntities_c7eac27b-c11f-477a-963c-bcaa8809a08b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_beb8d62a-18ef-40a2-8079-28621965ad90" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_7fbe2018-9c51-42e9-953d-0ba34b1b837b" xlink:to="loc_us-gaap_InterestExpense_beb8d62a-18ef-40a2-8079-28621965ad90" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCostAndExpenseOperating_2b164abf-36f1-4514-824d-c72a7f686391" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherCostAndExpenseOperating"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_BenefitsLossesAndExpenses_7fbe2018-9c51-42e9-953d-0ba34b1b837b" xlink:to="loc_us-gaap_OtherCostAndExpenseOperating_2b164abf-36f1-4514-824d-c72a7f686391" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/ConsolidatedStatementofComprehensiveIncomeUnaudited" xlink:type="simple" xlink:href="afg-20250331.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_ComprehensiveIncomeNetOfTax_833935a7-153d-42bd-9fea-0859a06df9a6" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ComprehensiveIncomeNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_148e14ac-9ac3-4782-85ed-a5b6181048ec" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_833935a7-153d-42bd-9fea-0859a06df9a6" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_148e14ac-9ac3-4782-85ed-a5b6181048ec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_2b0e43de-7142-4c3b-b549-6aa6620af194" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_833935a7-153d-42bd-9fea-0859a06df9a6" xlink:to="loc_us-gaap_NetIncomeLoss_2b0e43de-7142-4c3b-b549-6aa6620af194" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_df2d5d79-f997-4cbe-b281-612ebc15cec6" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_416df612-0519-4efd-99ed-32048f37ec9e" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_df2d5d79-f997-4cbe-b281-612ebc15cec6" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_416df612-0519-4efd-99ed-32048f37ec9e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_d3d54ada-c0ea-4daf-8703-d167ccbd9850" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_df2d5d79-f997-4cbe-b281-612ebc15cec6" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_d3d54ada-c0ea-4daf-8703-d167ccbd9850" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_5cf2fcce-a98d-45d7-8a71-738428b0f245" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_92f23bc1-6287-4842-a322-9f6e6d22cee7" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_5cf2fcce-a98d-45d7-8a71-738428b0f245" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_92f23bc1-6287-4842-a322-9f6e6d22cee7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_253c9232-ae0f-4d75-b4cf-c874fe42fb8f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_5cf2fcce-a98d-45d7-8a71-738428b0f245" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_253c9232-ae0f-4d75-b4cf-c874fe42fb8f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_c86954c8-a3b4-48be-b04b-e2e32b0d34d3" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_17aa8dc9-b49b-4261-a977-e6c31800d9d0" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_c86954c8-a3b4-48be-b04b-e2e32b0d34d3" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_17aa8dc9-b49b-4261-a977-e6c31800d9d0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_41d08cb6-cf85-478a-b0d5-da76ea50574c" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_c86954c8-a3b4-48be-b04b-e2e32b0d34d3" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_41d08cb6-cf85-478a-b0d5-da76ea50574c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_1100c254-c48a-4ad9-9011-5dd5eab0f3e5" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_c86954c8-a3b4-48be-b04b-e2e32b0d34d3" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_1100c254-c48a-4ad9-9011-5dd5eab0f3e5" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/ConsolidatedStatementofCashFlowsUnaudited" xlink:type="simple" xlink:href="afg-20250331.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_16c80ef4-a1cc-4c5e-8f5d-7bee201d47c3" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDividendsCommonStock_ecb34447-e3e1-43d5-a139-d5d3f768094a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_16c80ef4-a1cc-4c5e-8f5d-7bee201d47c3" xlink:to="loc_us-gaap_PaymentsOfDividendsCommonStock_ecb34447-e3e1-43d5-a139-d5d3f768094a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_19043246-05c5-48d7-b3e3-5fde161809e6" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_16c80ef4-a1cc-4c5e-8f5d-7bee201d47c3" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_19043246-05c5-48d7-b3e3-5fde161809e6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_RetirementOfManagedInvestmentEntitiesLiabilities_6aa39037-8d2f-40a3-8b69-bc1efa05ba17" xlink:href="afg-20250331.xsd#afg_RetirementOfManagedInvestmentEntitiesLiabilities"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_16c80ef4-a1cc-4c5e-8f5d-7bee201d47c3" xlink:to="loc_afg_RetirementOfManagedInvestmentEntitiesLiabilities_6aa39037-8d2f-40a3-8b69-bc1efa05ba17" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_ProceedsFromIssuanceOfManagedInvestmentEntities_e71d25f0-d06a-4342-95b7-b6043d82e9dd" xlink:href="afg-20250331.xsd#afg_ProceedsFromIssuanceOfManagedInvestmentEntities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_16c80ef4-a1cc-4c5e-8f5d-7bee201d47c3" xlink:to="loc_afg_ProceedsFromIssuanceOfManagedInvestmentEntities_e71d25f0-d06a-4342-95b7-b6043d82e9dd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_db0f6e28-149d-4324-8e41-b591b272feea" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_16c80ef4-a1cc-4c5e-8f5d-7bee201d47c3" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_db0f6e28-149d-4324-8e41-b591b272feea" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_95481457-66f1-4ae6-94fc-b048dbf36d56" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_182ca9c2-8bce-45c9-974e-309226c1fefb" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_95481457-66f1-4ae6-94fc-b048dbf36d56" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_182ca9c2-8bce-45c9-974e-309226c1fefb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_7ebe47cf-f401-4a46-bfe5-c43ae3a56d55" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_95481457-66f1-4ae6-94fc-b048dbf36d56" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_7ebe47cf-f401-4a46-bfe5-c43ae3a56d55" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_16c8c2a2-1189-499c-8481-5632c3699579" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_95481457-66f1-4ae6-94fc-b048dbf36d56" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_16c8c2a2-1189-499c-8481-5632c3699579" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_3c23b66c-3aff-400c-a51d-9988650a083d" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities_e12ef8f6-24f8-45b2-bbb9-c2e3812b6cee" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_3c23b66c-3aff-400c-a51d-9988650a083d" xlink:to="loc_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities_e12ef8f6-24f8-45b2-bbb9-c2e3812b6cee" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireOtherInvestments_d01146c5-2595-479d-907c-bb0a3a975c71" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PaymentsToAcquireOtherInvestments"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_3c23b66c-3aff-400c-a51d-9988650a083d" xlink:to="loc_us-gaap_PaymentsToAcquireOtherInvestments_d01146c5-2595-479d-907c-bb0a3a975c71" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfEquitySecuritiesFvNi_ae8e0e32-c2a8-4a1c-a43b-06aaf63b680b" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ProceedsFromSaleOfEquitySecuritiesFvNi"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_3c23b66c-3aff-400c-a51d-9988650a083d" xlink:to="loc_us-gaap_ProceedsFromSaleOfEquitySecuritiesFvNi_ae8e0e32-c2a8-4a1c-a43b-06aaf63b680b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_PurchasesOfRealEstatePropertyAndEquipment_43d5d757-00e9-4339-98ef-2f526bb53ba1" xlink:href="afg-20250331.xsd#afg_PurchasesOfRealEstatePropertyAndEquipment"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_3c23b66c-3aff-400c-a51d-9988650a083d" xlink:to="loc_afg_PurchasesOfRealEstatePropertyAndEquipment_43d5d757-00e9-4339-98ef-2f526bb53ba1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireEquitySecuritiesFvNi_5e5f17d9-33b7-4b7f-9e2c-5970d401b678" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PaymentsToAcquireEquitySecuritiesFvNi"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_3c23b66c-3aff-400c-a51d-9988650a083d" xlink:to="loc_us-gaap_PaymentsToAcquireEquitySecuritiesFvNi_5e5f17d9-33b7-4b7f-9e2c-5970d401b678" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt_6e7f9ad4-2a32-496f-9169-4221f0df5938" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_3c23b66c-3aff-400c-a51d-9988650a083d" xlink:to="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt_6e7f9ad4-2a32-496f-9169-4221f0df5938" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_a0ab7ee8-e49b-4417-9baa-7f16aa148b95" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_3c23b66c-3aff-400c-a51d-9988650a083d" xlink:to="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_a0ab7ee8-e49b-4417-9baa-7f16aa148b95" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireMortgageNotesReceivable_a1567536-4416-4bab-99b9-1f9dba148018" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PaymentsToAcquireMortgageNotesReceivable"/>
    <link:calculationArc order="8" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_3c23b66c-3aff-400c-a51d-9988650a083d" xlink:to="loc_us-gaap_PaymentsToAcquireMortgageNotesReceivable_a1567536-4416-4bab-99b9-1f9dba148018" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments_59eb5627-3bd4-44f1-9375-6f9bdf06966d" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_3c23b66c-3aff-400c-a51d-9988650a083d" xlink:to="loc_us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments_59eb5627-3bd4-44f1-9375-6f9bdf06966d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_ProceedsFromSalesAndRedemptionsOfInvestmentsByManagedInvestmentEntities_71b15746-3b5a-47bd-88ad-652474bb1ce6" xlink:href="afg-20250331.xsd#afg_ProceedsFromSalesAndRedemptionsOfInvestmentsByManagedInvestmentEntities"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_3c23b66c-3aff-400c-a51d-9988650a083d" xlink:to="loc_afg_ProceedsFromSalesAndRedemptionsOfInvestmentsByManagedInvestmentEntities_71b15746-3b5a-47bd-88ad-652474bb1ce6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_ad530910-a2fe-47d0-b117-c9f35c9e4bc1" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities"/>
    <link:calculationArc order="11" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_3c23b66c-3aff-400c-a51d-9988650a083d" xlink:to="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_ad530910-a2fe-47d0-b117-c9f35c9e4bc1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable_1f85aca8-d0e4-4961-b42c-ab68efb3ba5a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_3c23b66c-3aff-400c-a51d-9988650a083d" xlink:to="loc_us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable_1f85aca8-d0e4-4961-b42c-ab68efb3ba5a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_PurchasesOfInvestmentsByManagedInvestmentEntities_2f1c894a-0f60-418c-8357-c83baf21f60c" xlink:href="afg-20250331.xsd#afg_PurchasesOfInvestmentsByManagedInvestmentEntities"/>
    <link:calculationArc order="13" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_3c23b66c-3aff-400c-a51d-9988650a083d" xlink:to="loc_afg_PurchasesOfInvestmentsByManagedInvestmentEntities_2f1c894a-0f60-418c-8357-c83baf21f60c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_f55585fe-07ac-4b11-93de-351eecee1b1a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_ChangeinManagedInvestmentEntitiesAssetsAndLiabilities_75454fc8-2cae-4de1-b208-06cb8ce94d45" xlink:href="afg-20250331.xsd#afg_ChangeinManagedInvestmentEntitiesAssetsAndLiabilities"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_f55585fe-07ac-4b11-93de-351eecee1b1a" xlink:to="loc_afg_ChangeinManagedInvestmentEntitiesAssetsAndLiabilities_75454fc8-2cae-4de1-b208-06cb8ce94d45" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAmortizationAndAccretionNet_c2d34da2-d501-4eb9-90ef-d54a8016f26a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DepreciationAmortizationAndAccretionNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_f55585fe-07ac-4b11-93de-351eecee1b1a" xlink:to="loc_us-gaap_DepreciationAmortizationAndAccretionNet_c2d34da2-d501-4eb9-90ef-d54a8016f26a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_083ef8dd-b480-4322-9f04-c0c8a0e0fd2c" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_f55585fe-07ac-4b11-93de-351eecee1b1a" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_083ef8dd-b480-4322-9f04-c0c8a0e0fd2c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve_f554c426-9188-4d5f-8fd9-af1ef1fba2b1" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_f55585fe-07ac-4b11-93de-351eecee1b1a" xlink:to="loc_us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve_f554c426-9188-4d5f-8fd9-af1ef1fba2b1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_a0ff9721-5728-480a-afbb-7a308d5f8b5f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_f55585fe-07ac-4b11-93de-351eecee1b1a" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_a0ff9721-5728-480a-afbb-7a308d5f8b5f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromPaymentsForTradingSecurities_ec0564d4-1819-4b1c-8dd2-e8aeaa7422eb" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ProceedsFromPaymentsForTradingSecurities"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_f55585fe-07ac-4b11-93de-351eecee1b1a" xlink:to="loc_us-gaap_ProceedsFromPaymentsForTradingSecurities_ec0564d4-1819-4b1c-8dd2-e8aeaa7422eb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_IncreaseDecreaseinReinsuranceandOtherReceivables_7755eaaf-8c64-43ea-bc12-216123ac20f0" xlink:href="afg-20250331.xsd#afg_IncreaseDecreaseinReinsuranceandOtherReceivables"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_f55585fe-07ac-4b11-93de-351eecee1b1a" xlink:to="loc_afg_IncreaseDecreaseinReinsuranceandOtherReceivables_7755eaaf-8c64-43ea-bc12-216123ac20f0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealizedInvestmentGainsLosses_a6f0d013-eab9-491d-aeb0-f3742febb05f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_RealizedInvestmentGainsLosses"/>
    <link:calculationArc order="8" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_f55585fe-07ac-4b11-93de-351eecee1b1a" xlink:to="loc_us-gaap_RealizedInvestmentGainsLosses_a6f0d013-eab9-491d-aeb0-f3742febb05f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_771e97cb-c41d-4518-8615-784f88a2075e" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetIncomeLoss"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_f55585fe-07ac-4b11-93de-351eecee1b1a" xlink:to="loc_us-gaap_NetIncomeLoss_771e97cb-c41d-4518-8615-784f88a2075e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherOperatingActivitiesCashFlowStatement_02a0ef85-1678-40fb-9d0c-d3cd587e2b54" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherOperatingActivitiesCashFlowStatement"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_f55585fe-07ac-4b11-93de-351eecee1b1a" xlink:to="loc_us-gaap_OtherOperatingActivitiesCashFlowStatement_02a0ef85-1678-40fb-9d0c-d3cd587e2b54" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInReinsurancePayables_6d0b3c95-70f9-457a-b89e-b8347bc414f8" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncreaseDecreaseInReinsurancePayables"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_f55585fe-07ac-4b11-93de-351eecee1b1a" xlink:to="loc_us-gaap_IncreaseDecreaseInReinsurancePayables_6d0b3c95-70f9-457a-b89e-b8347bc414f8" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/SegmentsofOperationsEarningsbeforeincometaxesbysegmentandsubsegmentDetails" xlink:type="simple" xlink:href="afg-20250331.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_Revenues_c7794196-6212-4ea1-b121-8c2fb762c5d6" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_Revenues"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtAndEquitySecuritiesRealizedGainLoss_8ca590f0-1aba-4cac-9794-4449710804ce" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DebtAndEquitySecuritiesRealizedGainLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_c7794196-6212-4ea1-b121-8c2fb762c5d6" xlink:to="loc_us-gaap_DebtAndEquitySecuritiesRealizedGainLoss_8ca590f0-1aba-4cac-9794-4449710804ce" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_RevenuesBeforeRealizedGainsLosses_ab31b0e1-1c6b-4bad-abbe-e0eedd81e741" xlink:href="afg-20250331.xsd#afg_RevenuesBeforeRealizedGainsLosses"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_c7794196-6212-4ea1-b121-8c2fb762c5d6" xlink:to="loc_afg_RevenuesBeforeRealizedGainsLosses_ab31b0e1-1c6b-4bad-abbe-e0eedd81e741" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_3ac6a67c-618d-467e-a11f-10b422f8f7f0" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtAndEquitySecuritiesRealizedGainLoss_d89c8a16-61fd-448b-beba-6744925bf936" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DebtAndEquitySecuritiesRealizedGainLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_3ac6a67c-618d-467e-a11f-10b422f8f7f0" xlink:to="loc_us-gaap_DebtAndEquitySecuritiesRealizedGainLoss_d89c8a16-61fd-448b-beba-6744925bf936" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OperatingIncomeLossBeforeRealizedGainsLossesAndIncomeTaxes_67f2ed4c-30c4-44fc-a41d-8b35fd9e4abd" xlink:href="afg-20250331.xsd#afg_OperatingIncomeLossBeforeRealizedGainsLossesAndIncomeTaxes"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_3ac6a67c-618d-467e-a11f-10b422f8f7f0" xlink:to="loc_afg_OperatingIncomeLossBeforeRealizedGainsLossesAndIncomeTaxes_67f2ed4c-30c4-44fc-a41d-8b35fd9e4abd" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/SegmentsofOperationsComponentsofunderwritingprofitincludingsignificantsegmentexpensesbysegmentandsubsegmentDetails" xlink:type="simple" xlink:href="afg-20250331.xsd#SegmentsofOperationsComponentsofunderwritingprofitincludingsignificantsegmentexpensesbysegmentandsubsegmentDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/SegmentsofOperationsComponentsofunderwritingprofitincludingsignificantsegmentexpensesbysegmentandsubsegmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_afg_PropertyAndCasualtyInsuranceUnderwritingIncomeLoss_df3b0197-63fe-4c9c-b969-84f4c9198303" xlink:href="afg-20250331.xsd#afg_PropertyAndCasualtyInsuranceUnderwritingIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SellingGeneralAndAdministrativeExpense_ac63a8bb-a1f2-4f4d-8431-d227922956ef" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_SellingGeneralAndAdministrativeExpense"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_PropertyAndCasualtyInsuranceUnderwritingIncomeLoss_df3b0197-63fe-4c9c-b969-84f4c9198303" xlink:to="loc_us-gaap_SellingGeneralAndAdministrativeExpense_ac63a8bb-a1f2-4f4d-8431-d227922956ef" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PremiumsEarnedNet_b3c60101-6b73-48e5-8ed1-8bdd4dd444b2" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PremiumsEarnedNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_PropertyAndCasualtyInsuranceUnderwritingIncomeLoss_df3b0197-63fe-4c9c-b969-84f4c9198303" xlink:to="loc_us-gaap_PremiumsEarnedNet_b3c60101-6b73-48e5-8ed1-8bdd4dd444b2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_2ddd53e1-b451-4c1b-a048-d5cf06ff6be6" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredNet"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_PropertyAndCasualtyInsuranceUnderwritingIncomeLoss_df3b0197-63fe-4c9c-b969-84f4c9198303" xlink:to="loc_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_2ddd53e1-b451-4c1b-a048-d5cf06ff6be6" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/FairValueMeasurementsThecarryingvalueandfairvalueoffinancialinstrumentsDetails" xlink:type="simple" xlink:href="afg-20250331.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_29a2568e-bc49-4158-84d0-0a4911bc65c2" xlink:href="afg-20250331.xsd#afg_FinancialAssetsNotAccountedForAtFairValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_cf6fbcbf-4f6f-4439-b09e-427f981e61cf" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_29a2568e-bc49-4158-84d0-0a4911bc65c2" xlink:to="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_cf6fbcbf-4f6f-4439-b09e-427f981e61cf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_d02f9ff9-fcf7-4ba0-a27a-008cad864573" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_29a2568e-bc49-4158-84d0-0a4911bc65c2" xlink:to="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_d02f9ff9-fcf7-4ba0-a27a-008cad864573" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_FinancialLiabilitiesNotAccountedForAtFairValue_82158a29-788e-4c61-9d55-df9b1ff12f21" xlink:href="afg-20250331.xsd#afg_FinancialLiabilitiesNotAccountedForAtFairValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_7835c75a-da31-4480-9823-078bd9f61716" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_82158a29-788e-4c61-9d55-df9b1ff12f21" xlink:to="loc_us-gaap_LongTermDebt_7835c75a-da31-4480-9823-078bd9f61716" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/InvestmentsAvailableforsalefixedmaturitiesDetails" xlink:type="simple" xlink:href="afg-20250331.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_561e3528-286f-4742-9214-b82f0b485778" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_49940be0-ba55-4261-a69f-93696c6de1fe" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_561e3528-286f-4742-9214-b82f0b485778" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_49940be0-ba55-4261-a69f-93696c6de1fe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_0bd8fd74-0c9c-46fd-8637-19b34cabbcad" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_561e3528-286f-4742-9214-b82f0b485778" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_0bd8fd74-0c9c-46fd-8637-19b34cabbcad" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/InvestmentsEquitysecuritiesreportedatfairvalueDetails" xlink:type="simple" xlink:href="afg-20250331.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_0dc1a046-d725-4589-ac9c-ce21864de0af" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EquitySecuritiesFvNiCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquitySecuritiesFvNi_477300e2-f8b2-437e-8df1-d32a42d75b64" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_0dc1a046-d725-4589-ac9c-ce21864de0af" xlink:to="loc_us-gaap_EquitySecuritiesFvNi_477300e2-f8b2-437e-8df1-d32a42d75b64" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_EquitySecuritiesFVNIFairValueinExcessofCost_633f8db8-2585-4f75-a7ed-f79942b4a6f0" xlink:href="afg-20250331.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_0dc1a046-d725-4589-ac9c-ce21864de0af" xlink:to="loc_afg_EquitySecuritiesFVNIFairValueinExcessofCost_633f8db8-2585-4f75-a7ed-f79942b4a6f0" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/InvestmentsScheduledmaturitiesofavailableforsalefixedmaturitiesDetails" xlink:type="simple" xlink:href="afg-20250331.xsd#InvestmentsScheduledmaturitiesofavailableforsalefixedmaturitiesDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/InvestmentsScheduledmaturitiesofavailableforsalefixedmaturitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValuePercent_fd6e8e1c-81da-474e-a04e-34f88339efe5" xlink:href="afg-20250331.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValuePercent"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValuePercent_298496f9-f45b-4d1d-baa4-009d9165e76e" xlink:href="afg-20250331.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_fd6e8e1c-81da-474e-a04e-34f88339efe5" xlink:to="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValuePercent_298496f9-f45b-4d1d-baa4-009d9165e76e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValuePercent_8caddd9d-8ec2-40b8-b421-19970e81009b" xlink:href="afg-20250331.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_fd6e8e1c-81da-474e-a04e-34f88339efe5" xlink:to="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValuePercent_8caddd9d-8ec2-40b8-b421-19970e81009b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValuePercent_af8ace92-297d-4066-81d7-878b450ed574" xlink:href="afg-20250331.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_fd6e8e1c-81da-474e-a04e-34f88339efe5" xlink:to="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValuePercent_af8ace92-297d-4066-81d7-878b450ed574" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValuePercent_31e651f0-169a-4908-8b9a-0c4f0dc947a9" xlink:href="afg-20250331.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_fd6e8e1c-81da-474e-a04e-34f88339efe5" xlink:to="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValuePercent_31e651f0-169a-4908-8b9a-0c4f0dc947a9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue_e67998b5-e748-49f4-a6a7-2bcf6e8c092c" xlink:href="afg-20250331.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_9940af7e-5e11-49fa-9dd2-00a86a7a6d01" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue_e67998b5-e748-49f4-a6a7-2bcf6e8c092c" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_9940af7e-5e11-49fa-9dd2-00a86a7a6d01" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_98a8089b-42da-455e-a053-2d189b5a80fb" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue_e67998b5-e748-49f4-a6a7-2bcf6e8c092c" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_98a8089b-42da-455e-a053-2d189b5a80fb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue_155e5c97-a468-48f1-a7f6-c0713bf90128" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue_e67998b5-e748-49f4-a6a7-2bcf6e8c092c" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue_155e5c97-a468-48f1-a7f6-c0713bf90128" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_a079990d-1abd-4bf7-a484-4785db8f9266" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue_e67998b5-e748-49f4-a6a7-2bcf6e8c092c" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_a079990d-1abd-4bf7-a484-4785db8f9266" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsAmortizedCost_5af36369-3f53-4e78-8dc0-a661526178fd" xlink:href="afg-20250331.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsAmortizedCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost_8247d951-2942-42e8-89bf-9b1e397c5625" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_5af36369-3f53-4e78-8dc0-a661526178fd" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost_8247d951-2942-42e8-89bf-9b1e397c5625" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_a9fcf4dd-4c9d-4f87-a120-7beb42f2728e" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_5af36369-3f53-4e78-8dc0-a661526178fd" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_a9fcf4dd-4c9d-4f87-a120-7beb42f2728e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost_df997374-f485-4a06-acad-a81d58b01605" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_5af36369-3f53-4e78-8dc0-a661526178fd" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost_df997374-f485-4a06-acad-a81d58b01605" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_86c90e54-fe70-4f31-bac3-240c35263c9f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_5af36369-3f53-4e78-8dc0-a661526178fd" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_86c90e54-fe70-4f31-bac3-240c35263c9f" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/InvestmentsScheduleofsourcesofnetinvestmentincomeDetails" xlink:type="simple" xlink:href="afg-20250331.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_23a6aaa2-1246-4365-82bb-2d890da4f6cf" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetInvestmentIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GrossInvestmentIncomeOperating_6cec1c4f-15bc-4c47-b5af-3a57557f1d15" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_23a6aaa2-1246-4365-82bb-2d890da4f6cf" xlink:to="loc_us-gaap_GrossInvestmentIncomeOperating_6cec1c4f-15bc-4c47-b5af-3a57557f1d15" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentIncomeInvestmentExpense_9e58db50-7475-438c-b0eb-5be7d9164fc7" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_23a6aaa2-1246-4365-82bb-2d890da4f6cf" xlink:to="loc_us-gaap_InvestmentIncomeInvestmentExpense_9e58db50-7475-438c-b0eb-5be7d9164fc7" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/LongTermDebtScheduleoflongtermdebtDetails" xlink:type="simple" xlink:href="afg-20250331.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_d1788ea0-9977-470b-9f65-99ed55a949aa" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LongTermDebt"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_9788ed09-abd0-44a8-adf8-4e8a627a06eb" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_d1788ea0-9977-470b-9f65-99ed55a949aa" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_9788ed09-abd0-44a8-adf8-4e8a627a06eb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredFinanceCostsNet_4e43b74c-706a-4032-ab8f-1b08e683efbd" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_d1788ea0-9977-470b-9f65-99ed55a949aa" xlink:to="loc_us-gaap_DeferredFinanceCostsNet_4e43b74c-706a-4032-ab8f-1b08e683efbd" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/ShareholdersEquityProgressionofthecomponentsofaccumulatedothercomprehensiveincomeDetails" xlink:type="simple" xlink:href="afg-20250331.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_7493bfc8-a802-4d7d-b7e6-b494c250af07" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_f54b63b2-344b-46fd-9926-b4d05f83104a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_7493bfc8-a802-4d7d-b7e6-b494c250af07" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_f54b63b2-344b-46fd-9926-b4d05f83104a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_904341e9-8f7d-4dbf-8883-01ffcfeef60d" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_7493bfc8-a802-4d7d-b7e6-b494c250af07" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_904341e9-8f7d-4dbf-8883-01ffcfeef60d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_5552f81d-970f-4005-9ab0-3afd840058a4" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax_fbd5451c-8261-4203-9a94-79afec2c3b84" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_5552f81d-970f-4005-9ab0-3afd840058a4" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax_fbd5451c-8261-4203-9a94-79afec2c3b84" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_320d13c6-ccbd-49be-954c-0224ff9cf89e" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_5552f81d-970f-4005-9ab0-3afd840058a4" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_320d13c6-ccbd-49be-954c-0224ff9cf89e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_59c48f19-bae8-4e26-ab0d-b5bc1ec5ca65" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax_6619f001-b85c-42e9-aa34-355fa9554ad1" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_59c48f19-bae8-4e26-ab0d-b5bc1ec5ca65" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax_6619f001-b85c-42e9-aa34-355fa9554ad1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax_0fcc764d-db32-4a71-b3e4-9a500827d934" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_59c48f19-bae8-4e26-ab0d-b5bc1ec5ca65" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax_0fcc764d-db32-4a71-b3e4-9a500827d934" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax_ba505d9b-242b-4c86-991a-97179ccfb93c" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_59c48f19-bae8-4e26-ab0d-b5bc1ec5ca65" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax_ba505d9b-242b-4c86-991a-97179ccfb93c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax_c50ac041-a6af-4aaf-bd7d-e9d94c0a90ff" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_59c48f19-bae8-4e26-ab0d-b5bc1ec5ca65" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax_c50ac041-a6af-4aaf-bd7d-e9d94c0a90ff" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_5bcd3976-a7a6-4cd6-8892-db234a6988e8" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax_a021fef9-b2f5-43f9-9101-fb19a1e42b7c" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_5bcd3976-a7a6-4cd6-8892-db234a6988e8" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax_a021fef9-b2f5-43f9-9101-fb19a1e42b7c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax_e02ebc19-7e2d-4399-a31f-baa9c3c72f55" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_5bcd3976-a7a6-4cd6-8892-db234a6988e8" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax_e02ebc19-7e2d-4399-a31f-baa9c3c72f55" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossTax_cbe669e8-25dd-4eaf-9ef3-be6334a8251e" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax_209e429a-bea3-4047-a04e-73fa5b1d3314" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossTax_cbe669e8-25dd-4eaf-9ef3-be6334a8251e" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax_209e429a-bea3-4047-a04e-73fa5b1d3314" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax_c18d6433-af73-4b2c-880f-a1d86ddead45" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossTax_cbe669e8-25dd-4eaf-9ef3-be6334a8251e" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax_c18d6433-af73-4b2c-880f-a1d86ddead45" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax_0fbcc1d3-feec-42a1-a571-0076e35e514a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_cbe669e8-25dd-4eaf-9ef3-be6334a8251e" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax_0fbcc1d3-feec-42a1-a571-0076e35e514a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax_6e82ddbc-a165-408d-9887-55894e54ed3c" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossTax_cbe669e8-25dd-4eaf-9ef3-be6334a8251e" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax_6e82ddbc-a165-408d-9887-55894e54ed3c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_fd612024-7c64-4b54-b7d9-999cb3171c21" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax_e6f38625-da0d-4b66-983c-f820e840f617" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_fd612024-7c64-4b54-b7d9-999cb3171c21" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax_e6f38625-da0d-4b66-983c-f820e840f617" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax_8a24ddb6-6392-4aff-b6b3-6c3c6d87d5f4" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_fd612024-7c64-4b54-b7d9-999cb3171c21" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax_8a24ddb6-6392-4aff-b6b3-6c3c6d87d5f4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax_68b1b432-e250-4840-a042-2c30782c4957" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_52aa6c27-8bac-40c5-b326-d31764fca660" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax_68b1b432-e250-4840-a042-2c30782c4957" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_52aa6c27-8bac-40c5-b326-d31764fca660" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax_fbc82327-7f13-4588-87de-1d484f8dd5b8" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax_68b1b432-e250-4840-a042-2c30782c4957" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax_fbc82327-7f13-4588-87de-1d484f8dd5b8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_d413cea9-5412-4e7e-97a2-a2a95c6d7de7" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax_474f3b77-c9d0-4cc0-9cc4-ed17ffd7bb2c" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_d413cea9-5412-4e7e-97a2-a2a95c6d7de7" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax_474f3b77-c9d0-4cc0-9cc4-ed17ffd7bb2c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax_654c2c31-72b1-4c57-be42-1c7c8a7dc192" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_d413cea9-5412-4e7e-97a2-a2a95c6d7de7" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax_654c2c31-72b1-4c57-be42-1c7c8a7dc192" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax_a076a8a3-96b8-406f-9461-776c00746401" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_c1f9c6ef-37b3-460f-8a76-4eefdc5a94e9" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax_a076a8a3-96b8-406f-9461-776c00746401" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_c1f9c6ef-37b3-460f-8a76-4eefdc5a94e9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax_b8c9df0d-5e27-49c8-991d-7e5e8d09c018" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax_a076a8a3-96b8-406f-9461-776c00746401" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax_b8c9df0d-5e27-49c8-991d-7e5e8d09c018" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_bf28a949-529c-4c7a-815f-54e0dd688ea0" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_82c4916a-65f9-48be-8167-7949e235241f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_bf28a949-529c-4c7a-815f-54e0dd688ea0" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_82c4916a-65f9-48be-8167-7949e235241f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax_2ea337b3-11ac-4055-a91c-3fbc3fb46fb9" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_bf28a949-529c-4c7a-815f-54e0dd688ea0" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax_2ea337b3-11ac-4055-a91c-3fbc3fb46fb9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax_6544eb94-9189-4e2a-b5f0-8dd4fce2572c" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax_a95d92d0-3e74-49b6-92fb-d232416c1152" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax_6544eb94-9189-4e2a-b5f0-8dd4fce2572c" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax_a95d92d0-3e74-49b6-92fb-d232416c1152" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax_a4d6c59f-2356-4922-9b70-ab2b363576d7" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax_6544eb94-9189-4e2a-b5f0-8dd4fce2572c" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax_a4d6c59f-2356-4922-9b70-ab2b363576d7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax_82c64dc6-8fdd-48b5-ad04-1c6af118cc7a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_b664b7a8-e25d-462f-a87c-2dbb3700a816" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax_82c64dc6-8fdd-48b5-ad04-1c6af118cc7a" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_b664b7a8-e25d-462f-a87c-2dbb3700a816" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_05ec706e-af89-45b1-9e3b-ab39947b319f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax_82c64dc6-8fdd-48b5-ad04-1c6af118cc7a" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_05ec706e-af89-45b1-9e3b-ab39947b319f" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/IncomeTaxesReconciliationofincometaxesatthestatutoryratetotheprovisionforincometaxesDetails" xlink:type="simple" xlink:href="afg-20250331.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_41c44c90-8777-4c45-8986-7df2d9e8c1b3" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends_edfde101-2d88-47ac-9aae-76824d777302" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_41c44c90-8777-4c45-8986-7df2d9e8c1b3" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends_edfde101-2d88-47ac-9aae-76824d777302" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome_b77452d3-78be-4045-a443-0c5580b8b7b6" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_41c44c90-8777-4c45-8986-7df2d9e8c1b3" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome_b77452d3-78be-4045-a443-0c5580b8b7b6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost_6f89e0f3-6d64-4ef4-9507-beb2da479f31" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_41c44c90-8777-4c45-8986-7df2d9e8c1b3" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost_6f89e0f3-6d64-4ef4-9507-beb2da479f31" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense_67f06c43-677b-4400-ac69-571f5647982e" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_41c44c90-8777-4c45-8986-7df2d9e8c1b3" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense_67f06c43-677b-4400-ac69-571f5647982e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_daf939ea-0896-40b9-8444-16309dbbee73" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_41c44c90-8777-4c45-8986-7df2d9e8c1b3" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_daf939ea-0896-40b9-8444-16309dbbee73" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_c0807fd2-9885-4c14-a791-c170894655ce" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_41c44c90-8777-4c45-8986-7df2d9e8c1b3" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_c0807fd2-9885-4c14-a791-c170894655ce" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_40ad4e4d-f13e-4bb9-8c1e-c3b5bab7bf11" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_41c44c90-8777-4c45-8986-7df2d9e8c1b3" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_40ad4e4d-f13e-4bb9-8c1e-c3b5bab7bf11" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_0d40c267-e4ff-4ce2-ae70-ae3bccb38303" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends_59fd848d-f1dd-4b51-a71b-44127680adf7" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_0d40c267-e4ff-4ce2-ae70-ae3bccb38303" xlink:to="loc_us-gaap_IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends_59fd848d-f1dd-4b51-a71b-44127680adf7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationTaxExemptIncome_dbf95558-b4d1-45fe-9573-87ba9e615134" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxReconciliationTaxExemptIncome"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_0d40c267-e4ff-4ce2-ae70-ae3bccb38303" xlink:to="loc_us-gaap_IncomeTaxReconciliationTaxExemptIncome_dbf95558-b4d1-45fe-9573-87ba9e615134" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost_a03f53c1-fe64-4716-a332-6ddedd47ccbf" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_0d40c267-e4ff-4ce2-ae70-ae3bccb38303" xlink:to="loc_us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost_a03f53c1-fe64-4716-a332-6ddedd47ccbf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationNondeductibleExpense_303ee121-a2b1-4792-a53e-bc854a25ace4" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxReconciliationNondeductibleExpense"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_0d40c267-e4ff-4ce2-ae70-ae3bccb38303" xlink:to="loc_us-gaap_IncomeTaxReconciliationNondeductibleExpense_303ee121-a2b1-4792-a53e-bc854a25ace4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationOtherAdjustments_a974db87-3f08-4ac9-8397-0909ebc116c1" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxReconciliationOtherAdjustments"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_0d40c267-e4ff-4ce2-ae70-ae3bccb38303" xlink:to="loc_us-gaap_IncomeTaxReconciliationOtherAdjustments_a974db87-3f08-4ac9-8397-0909ebc116c1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential_c93f9383-0e2c-472e-9075-b3789561b063" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_0d40c267-e4ff-4ce2-ae70-ae3bccb38303" xlink:to="loc_us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential_c93f9383-0e2c-472e-9075-b3789561b063" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_eb204781-d6e3-410e-8c60-1b0eb8143743" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_0d40c267-e4ff-4ce2-ae70-ae3bccb38303" xlink:to="loc_us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_eb204781-d6e3-410e-8c60-1b0eb8143743" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/InsuranceAnalysisofchangesintheliabilityforlossesandlossadjustmentexpensesnetofreinsuranceDetails" xlink:type="simple" xlink:href="afg-20250331.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_PaymentsForLossesAndLossAdjustmentExpense_a5e644bf-bbd5-4abf-998d-2ba467f52c02" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PaymentsForLossesAndLossAdjustmentExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1_44f54a87-0af4-42ba-b2bd-7d5d14106d88" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_a5e644bf-bbd5-4abf-998d-2ba467f52c02" xlink:to="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1_44f54a87-0af4-42ba-b2bd-7d5d14106d88" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1_0532eb1f-b19f-4b2c-805c-227e21268681" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_a5e644bf-bbd5-4abf-998d-2ba467f52c02" xlink:to="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1_0532eb1f-b19f-4b2c-805c-227e21268681" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1_9bd61c91-9e61-4bb5-ba4a-9064de8df73c" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense_29b81f33-8437-464b-bc21-3e09b6eddc22" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_9bd61c91-9e61-4bb5-ba4a-9064de8df73c" xlink:to="loc_us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense_29b81f33-8437-464b-bc21-3e09b6eddc22" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense_d6e8ff92-c875-432b-a12f-92fe0c538a2e" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.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_9bd61c91-9e61-4bb5-ba4a-9064de8df73c" xlink:to="loc_us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense_d6e8ff92-c875-432b-a12f-92fe0c538a2e" xlink:type="arc"/>
  </link:calculationLink>
</link:linkbase>
