American Financial Group, Inc. Elects Mary Beth Martin to its Board of Directors and Elects Director Gregory G. Joseph Lead Independent Director

CINCINNATI–(BUSINESS WIRE)–American Financial Group, Inc. (NYSE:AFG) announced that its Board of
Directors has elected Mary Beth Martin as a director and elected Gregory
(“Greg”) G. Joseph to the newly created position of Lead Independent
Director.

Ms. Martin has over 20 years of experience in the banking and commercial
real estate industries. During her career, she has led commercial real
estate, private bank, trust, and asset management groups at regional
banking institutions. For the past 12 years, Ms. Martin has been the
Executive Director of the Farmer Family Foundation in Cincinnati, Ohio.
In that role, she manages the organization’s philanthropic goals and
objectives, and oversees grant investments.

Ms. Martin is active in her community and currently serves on the Board
of Directors of a number of charitable organizations, including
Accelerate Great Schools, where she also serves as Secretary and
Treasurer, Music Hall Revitalization Corporation, Teach for America
Southwest Ohio and Ohio Excels. She earned a BSBA in Finance and Real
Estate from the University of Cincinnati.

AFG’s Board of Directors established the position of Lead Independent
Director, and elected Greg Joseph to serve as the Company’s Lead
Independent Director. Mr. Joseph has served as a director of the Company
since 2008 and is the current chair of the Audit Committee.

“We are pleased to welcome Mary Beth Martin to our Board of Directors.
Mary Beth’s extensive business experience and perspective will be a
valuable addition to our Board as it helps to guide our company toward
long-term sustainability,” said Craig Lindner. Carl H. Lindner III
added, “We are also pleased that Greg Joseph will serve in the role of
Lead Independent Director. We believe this role and Greg’s election,
together with Mary Beth’s election, reflect the Company’s continued
commitment to strong corporate governance.”

About American Financial Group, Inc.

American Financial Group is an insurance holding company, based in
Cincinnati, Ohio with assets over $60 billion. Through the operations of
Great American Insurance Group, AFG is engaged primarily in property and
casualty insurance, focusing on specialized commercial products for
businesses, and in the sale of traditional fixed, fixed-indexed and
variable-indexed annuities in the retail, financial institutions,
broker-dealer and registered investment advisor markets. Great American
Insurance Group’s roots go back to 1872 with the founding of its
flagship company, Great American Insurance Company.

Websites:
www.AFGinc.com
www.GreatAmericanInsuranceGroup.com

Contacts

Diane P. Weidner, IRC
Asst. Vice President – Investor Relations
513-369-5713

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