Exhibit 23.3


                         CONSENT OF INDEPENDENT AUDITORS


We consent to the reference to our firm under the caption "Experts" in the
Registration Statement (Form S-4) of American Financial Group, Inc. for the
registration of its common stock and to the incorporation by reference therein
of our report dated February 19, 2003, with respect to the financial statements
and schedules of American Financials Group, Inc. included in its Annual Report
(Form 10-K) for the year ended December 31, 2002, filed with the Securities and
Exchange Commission.


                                               /s/ Ernst & Young LLP


Cincinnati, Ohio
July 15, 2003