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  <filer>
  <filerCredentials>
  <cik>0001105805</cik>
  <ccc>XXXXXXXX</ccc>
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  <liveTestFlag>LIVE</liveTestFlag>
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  <issuerCik>0001042046</issuerCik>
  <issuerName>American Financial Group, Inc.</issuerName>
  <secFileNumber>001-13653</secFileNumber>
  <issuerAddress>
  <street1 xmlns="http://www.sec.gov/edgar/common">301 East Fourth Street</street1>
  <city xmlns="http://www.sec.gov/edgar/common">Cincinnati</city>
  <stateOrCountry xmlns="http://www.sec.gov/edgar/common">OH</stateOrCountry>
  <zipCode xmlns="http://www.sec.gov/edgar/common">45202</zipCode>
  </issuerAddress>
  <issuerContactPhone>513-579-2121</issuerContactPhone>
  <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>John I. Von Lehman</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
  <relationshipsToIssuer>
  <relationshipToIssuer>Director</relationshipToIssuer>
  </relationshipsToIssuer>
  </issuerInfo>
  <securitiesInformation>
  <securitiesClassTitle>Common Stock</securitiesClassTitle>
  <brokerOrMarketmakerDetails>
  <name>Schwab Institutional</name>
  <address>
  <street1 xmlns="http://www.sec.gov/edgar/common">2423 E. Lincoln Drive</street1>
  <city xmlns="http://www.sec.gov/edgar/common">Phoenix</city>
  <stateOrCountry xmlns="http://www.sec.gov/edgar/common">AZ</stateOrCountry>
  <zipCode xmlns="http://www.sec.gov/edgar/common">85016</zipCode>
  </address>
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  <noOfUnitsSold>2542</noOfUnitsSold>
  <aggregateMarketValue>321613.84</aggregateMarketValue>
  <noOfUnitsOutstanding>83982106</noOfUnitsOutstanding>
  <approxSaleDate>03/18/2025</approxSaleDate>
  <securitiesExchangeName>NYSE</securitiesExchangeName>
  </securitiesInformation>
  <securitiesToBeSold>
  <securitiesClassTitle>Common Stock</securitiesClassTitle>
  <acquiredDate>06/01/2021</acquiredDate>
  <natureOfAcquisitionTransaction>Independent Director Compensation</natureOfAcquisitionTransaction>
  <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
  <isGiftTransaction>N</isGiftTransaction>
  <amountOfSecuritiesAcquired>1131</amountOfSecuritiesAcquired>
  <paymentDate>06/01/2021</paymentDate>
  <natureOfPayment>Prior Service</natureOfPayment>
  </securitiesToBeSold>
  <securitiesToBeSold>
  <securitiesClassTitle>Common Stock</securitiesClassTitle>
  <acquiredDate>06/01/2023</acquiredDate>
  <natureOfAcquisitionTransaction>Independent Director Compensation</natureOfAcquisitionTransaction>
  <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
  <isGiftTransaction>N</isGiftTransaction>
  <amountOfSecuritiesAcquired>1411</amountOfSecuritiesAcquired>
  <paymentDate>06/01/2023</paymentDate>
  <natureOfPayment>Prior Service</natureOfPayment>
  </securitiesToBeSold>
  <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
  <noticeSignature>
  <noticeDate>03/18/2025</noticeDate>
  <signature>Joseph C. Alter, as Power of Attorney for John I. Von Lehman</signature>
  </noticeSignature>
  </formData>
  </edgarSubmission>
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text: 144
  0001105805
  XXXXXXXX
  LIVE
  0001042046
  American Financial Group, Inc.
  001-13653
  301 East Fourth Street
  Cincinnati
  OH
  45202
  513-579-2121
  John I. Von Lehman
  Director
  Common Stock
  Schwab Institutional
  2423 E. Lincoln Drive
  Phoenix
  AZ
  85016
  2542
  321613.84
  83982106
  03/18/2025
  NYSE
  Common Stock
  06/01/2021
  Independent Director Compensation
  Issuer
  N
  1131
  06/01/2021
  Prior Service
  Common Stock
  06/01/2023
  Independent Director Compensation
  Issuer
  N
  1411
  06/01/2023
  Prior Service
  Y
  03/18/2025
  Joseph C. Alter, as Power of Attorney for John I. Von Lehman