American Financial Group, Inc. Increases Annual Dividend by 14%

  American Financial Group, Inc. Increases Annual Dividend by 14%

Business Wire

CINCINNATI -- August 18, 2014

American Financial Group, Inc. (NYSE/NASDAQ: AFG) announced that its Board of
Directors has approved an increase in the Company’s regular annual dividend
from $0.88 to $1.00 per share of common stock. The increased dividend, when
declared, will be paid on a quarterly basis of $0.25 per share of common stock
beginning in October 2014. The new dividend rate represents a 14% increase
over the annual rate paid thus far in 2014. The Company has increased its
dividend in each of the last nine years. Craig Lindner and Carl Lindner III,
AFG’s Co-Chief Executive Officers, stated, “Returning excess capital to
shareholders through dividends is a key component of our capital management
strategy. With this increase, AFG’s five-year compounded annual growth rate in
dividends is approximately 12%. This increase reflects our confidence in the
Company’s financial condition, liquidity, and prospects for long-term growth.”

About American Financial Group, Inc.

American Financial Group is an insurance holding company, based in Cincinnati,
Ohio with assets of approximately $45 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 fixed and fixed-indexed annuities in the retail, financial
institutions and education markets. Great American Insurance Group’s roots go
back to 1872 with the founding of its flagship company, Great American
Insurance Company.

Forward Looking Statements

This press release contains certain statements that may be deemed to be
“forward-looking statements” within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
All statements in this press release not dealing with historical results are
forward-looking and are based on estimates, assumptions and projections.
Examples of such forward-looking statements include statements relating to:
the Company’s expectations concerning market and other conditions and their
effect on future premiums, revenues, earnings and investment activities;
recoverability of asset values; expected losses and the adequacy of reserves
for long-term care, asbestos, environmental pollution and mass tort claims;
rate changes; and improved loss experience.

Actual results and/or financial condition could differ materially from those
contained in or implied by such forward-looking statements for a variety of
reasons including but not limited to: changes in financial, political and
economic conditions, including changes in interest and inflation rates,
currency fluctuations and extended economic recessions or expansions in the
U.S. and/or abroad; performance of securities markets; AFG’s ability to
estimate accurately the likelihood, magnitude and timing of any losses in
connection with investments in the non-agency residential mortgage market; new
legislation or declines in credit quality or credit ratings that could have a
material impact on the valuation of securities in AFG’s investment portfolio;
the availability of capital; regulatory actions (including changes in
statutory accounting rules); changes in the legal environment affecting AFG or
its customers; tax law and accounting changes; levels of natural catastrophes
and severe weather, terrorist activities (including any nuclear, biological,
chemical or radiological events), incidents of war or losses resulting from
civil unrest and other major losses; development of insurance loss reserves
and establishment of other reserves, particularly with respect to amounts
associated with asbestos and environmental claims and AFG’s run-off long-term
care business; availability of reinsurance and ability of reinsurers to pay
their obligations; trends in persistency, mortality and morbidity; competitive
pressures, including those in the annuity distribution channels, the ability
to obtain adequate rates and policy terms; changes in AFG’s credit ratings or
the financial strength ratings assigned by major ratings agencies to our
operating subsidiaries; and other factors identified in our filings with the
Securities and Exchange Commission.

The forward-looking statements herein are made only as of the date of this
press release. The Company assumes no obligation to publicly update any
forward-looking statements.


American Financial Group, Inc.
Diane P. Weidner, Asst. Vice President - Investor Relations, 513-369-5713
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