American Financial Group, Inc. (NYSE: AFG) announced that it has declared a regular dividend of $0.45 per share of American Financial Group Common Stock. The dividend is payable on October 25, 2019 to holders of record on October 15, 2019. This dividend reflects a previously-announced 12.5% increase over the annual rate in effect since the fourth quarter of 2018.

About American Financial Group, Inc.

American Financial Group is an insurance holding company, based in Cincinnati, Ohio with assets over $65 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, registered investment advisor and education markets. Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.

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

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

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