Exhibit 99.2 American Financial Group, Inc. Investor Supplement - Second Quarter 2024 August 6, 2024 American Financial Group, Inc. Corporate Headquarters Great American Insurance Group Tower 301 E Fourth Street Cincinnati, OH 45202 513 579 6739

American Financial Group, Inc. Table of Contents - Investor Supplement - Second Quarter 2024 2 Section Page Table of Contents - Investor Supplement - Second Quarter 2024................................................................................................................. 2 Financial Highlights....................................................................................................................................................................................... 3 Summary of Earnings.................................................................................................................................................................................... 4 Earnings Per Share Summary....................................................................................................................................................................... 5 Property and Casualty Insurance Segment Property and Casualty Insurance - Summary Underwriting Results (GAAP)................................................................................................ 6 Specialty - Underwriting Results (GAAP)....................................................................................................................................................... 7 Property and Transportation - Underwriting Results (GAAP)........................................................................................................................ 8 Specialty Casualty - Underwriting Results (GAAP)........................................................................................................................................ 9 Specialty Financial - Underwriting Results (GAAP)....................................................................................................................................... 10 Other Specialty - Underwriting Results (GAAP)............................................................................................................................................. 11 Consolidated Balance Sheet / Book Value / Debt Consolidated Balance Sheet......................................................................................................................................................................... 12 Book Value Per Share and Price / Book Summary....................................................................................................................................... 13 Capitalization................................................................................................................................................................................................. 14 Additional Supplemental Information............................................................................................................................................................. 15 Consolidated Investment Supplement Total Cash and Investments.......................................................................................................................................................................... 16 Net Investment Income.................................................................................................................................................................................. 17 Alternative Investments................................................................................................................................................................................. 18 Fixed Maturities - By Security Type - AFG Consolidated............................................................................................................................... 19 Appendix A. Fixed Maturities by Credit Rating & NAIC Designation by Type 6/30/2024.............................................................................................. 20 B. Fixed Maturities by Credit Rating & NAIC Designation by Type 12/31/2023............................................................................................ 21 C. Corporate Securities by Credit Rating & NAIC Designation by Industry 6/30/2024................................................................................. 22 D. Corporate Securities by Credit Rating & NAIC Designation by Industry 12/31/2023............................................................................... 23 E. Asset-Backed Securities by Credit Rating & NAIC Designation by Collateral Type 6/30/2024................................................................ 24 F. Asset-Backed Securities by Credit Rating & NAIC Designation by Collateral Type 12/31/2023.............................................................. 25 G. Real Estate-Related Investments 6/30/2024........................................................................................................................................... 26 H. Real Estate-Related Investments 12/31/2023.......................................................................................................................................... 27 Page 2

American Financial Group, Inc. Financial Highlights (in millions, except per share information) Three Months Ended Six Months Ended 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 6/30/24 6/30/23 Highlights Net earnings $ 209 $ 242 $ 263 $ 177 $ 200 $ 451 $ 412 Core net operating earnings 215 231 238 208 202 446 449 Total assets 29,913 30,001 29,787 30,825 29,048 29,913 29,048 Shareholders' equity, excluding AOCI (a) 4,715 4,555 4,577 4,551 4,504 4,715 4,504 Property and Casualty net written premiums 1,692 1,634 1,445 2,061 1,667 3,326 3,186 Per share data Diluted earnings per share $ 2.49 $ 2.89 $ 3.13 $ 2.09 $ 2.34 $ 5.38 $ 4.83 Core net operating earnings per share 2.56 2.76 2.84 2.45 2.38 5.32 5.27 Book value per share, excluding AOCI (a) 56.19 54.32 54.72 54.09 53.07 56.19 53.07 Dividends per common share 0.71 3.21 2.21 0.63 0.63 3.92 5.26 Financial ratios Annualized return on equity (b) 18.0% 21.2% 23.0% 15.7% 17.9% 19.5% 18.3% Annualized core operating return on equity (b) 18.5% 20.2% 20.9% 18.3% 18.2% 19.3% 20.0% Property and Casualty combined ratio - Specialty: Loss & LAE ratio 59.1% 58.6% 60.7% 66.7% 60.2% 58.8% 58.6% Underwriting expense ratio 31.4% 31.5% 27.0% 25.5% 31.7% 31.4% 32.0% Combined ratio - Specialty 90.5% 90.1% 87.7% 92.2% 91.9% 90.2% 90.6% (a) A reconciliation to the GAAP measure is on page 13. (b) Excludes accumulated other comprehensive income. Page 3

American Financial Group, Inc. Summary of Earnings ($ in millions) Three Months Ended Six Months Ended 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 6/30/24 6/30/23 Property and Casualty Insurance Underwriting profit $ 150 $ 153 $ 211 $ 142 $ 124 $ 303 $ 278 Net investment income 189 205 161 170 191 394 398 Other income (expense) (20) (18) (15) (14) (16) (38) (27) Property and Casualty Insurance operating earnings 319 340 357 298 299 659 649 Interest expense of parent holding companies (19) (19) (19) (19) (19) (38) (38) Other expense (27) (31) (34) (22) (22) (58) (45) Pretax core operating earnings 273 290 304 257 258 563 566 Income tax expense 58 59 66 49 56 117 117 Core net operating earnings 215 231 238 208 202 446 449 Non-core items, net of tax: Realized gains (losses) on securities (2) 11 25 (15) (1) 9 (38) Realized loss on subsidiaries - - - (4) - - - Special A&E charges - Former Railroad and Manufacturing operations - - - (12) - - - Gain (loss) on retirement of debt - - - - (1) - 1 Other non-core items (4) - - - - (4) - Net earnings $ 209 $ 242 $ 263 $ 177 $ 200 $ 451 $ 412 Page 4

American Financial Group, Inc. Earnings Per Share Summary (in millions, except per share information) Three Months Ended Six Months Ended 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 6/30/24 6/30/23 Core net operating earnings $ 215 $ 231 $ 238 $ 208 $ 202 $ 446 $ 449 Net earnings $ 209 $ 242 $ 263 $ 177 $ 200 $ 451 $ 412 Average number of diluted shares 83.912 83.795 83.817 84.745 85.172 83.853 85.274 Diluted earnings per share: Core net operating earnings per share $ 2.56 $ 2.76 $ 2.84 $ 2.45 $ 2.38 $ 5.32 $ 5.27 Realized gains (losses) on securities (0.02) 0.13 0.29 (0.17) (0.02) 0.11 (0.45) Realized loss on subsidiaries - - - (0.04) - - - Special A&E charges - Former Railroad and Manufacturing operations - - - (0.15) - - - Gain (loss) on retirement of debt - - - - (0.02) - 0.01 Other non-core items (0.05) - - - - (0.05) - Diluted earnings per share $ 2.49 $ 2.89 $ 3.13 $ 2.09 $ 2.34 $ 5.38 $ 4.83 Page 5

American Financial Group, Inc. Property and Casualty Insurance - Summary Underwriting Results (GAAP) ($ in millions) Three Months Ended Six Months Ended 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 6/30/24 6/30/23 Property and Transportation $ 39 $ 56 $ 67 $ 42 $ 32 $ 95 $ 75 Specialty Casualty 108 74 114 78 95 182 183 Specialty Financial 25 33 45 29 10 58 36 Other Specialty (21) (9) (14) (6) (14) (30) (16) Underwriting profit - Specialty 151 154 212 143 123 305 278 Other core charges, included in loss and LAE (1) (1) (1) (1) 1 (2) - Underwriting profit - Property and Casualty Insurance $ 150 $ 153 $ 211 $ 142 $ 124 $ 303 $ 278 Included in results above: Current accident year catastrophe losses: Catastrophe reinstatement premium $ - $ 1 $ 1 $ - $ 2 $ 1 $ 2 Catastrophe losses 36 34 24 56 51 70 82 Total current accident year catastrophe losses $ 36 $ 35 $ 25 $ 56 $ 53 $ 71 $ 84 Prior year loss reserve development (favorable) / adverse $ (35) $ (50) $ (56) $ (43) $ (62) $ (85) $ (125) Combined ratio: Property and Transportation 92.9% 89.0% 90.3% 94.8% 94.2% 91.0% 92.6% Specialty Casualty 85.4% 89.8% 84.6% 89.4% 86.6% 87.7% 87.1% Specialty Financial 89.7% 86.3% 81.3% 87.6% 95.0% 88.1% 90.8% Other Specialty 132.1% 116.9% 118.9% 109.8% 122.2% 124.5% 113.1% Combined ratio - Specialty 90.5% 90.1% 87.7% 92.2% 91.9% 90.2% 90.6% Other core charges 0.0% 0.0% 0.1% 0.1% (0.2%) 0.1% (0.1%) Combined ratio 90.5% 90.1% 87.8% 92.3% 91.7% 90.3% 90.5% P&C combined ratio excl. catastrophe losses and prior year reserve development 90.5% 91.1% 89.6% 91.5% 92.4% 90.7% 92.1% Loss and LAE components: Current accident year, excluding catastrophe losses 59.1% 59.6% 62.6% 66.0% 60.7% 59.3% 60.1% Prior accident year loss reserve development (2.2%) (3.2%) (3.2%) (2.3%) (4.2%) (2.7%) (4.3%) Current accident year catastrophe losses 2.2% 2.2% 1.4% 3.1% 3.5% 2.3% 2.7% Loss and LAE ratio 59.1% 58.6% 60.8% 66.8% 60.0% 58.9% 58.5% Page 6

American Financial Group, Inc. Specialty - Underwriting Results (GAAP) ($ in millions) Three Months Ended Six Months Ended 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 6/30/24 6/30/23 Gross written premiums $ 2,406 $ 2,336 $ 1,992 $ 3,140 $ 2,369 $ 4,742 $ 4,524 Ceded reinsurance premiums (714) (702) (547) (1,079) (702) (1,416) (1,338) Net written premiums 1,692 1,634 1,445 2,061 1,667 3,326 3,186 Change in unearned premiums (107) (88) 287 (206) (160) (195) (242) Net earned premiums 1,585 1,546 1,732 1,855 1,507 3,131 2,944 Loss and LAE 936 906 1,052 1,238 906 1,842 1,725 Underwriting expense 498 486 468 474 478 984 941 Underwriting profit $ 151 $ 154 $ 212 $ 143 $ 123 $ 305 $ 278 Included in results above: Current accident year catastrophe losses: Catastrophe reinstatement premium $ - $ 1 $ 1 $ - $ 2 $ 1 $ 2 Catastrophe losses 36 34 24 56 51 70 82 Total current accident year catastrophe losses $ 36 $ 35 $ 25 $ 56 $ 53 $ 71 $ 84 Prior year loss reserve development (favorable) / adverse $ (36) $ (51) $ (57) $ (44) $ (61) $ (87) $ (125) Combined ratio: Loss and LAE ratio 59.1% 58.6% 60.7% 66.7% 60.2% 58.8% 58.6% Underwriting expense ratio 31.4% 31.5% 27.0% 25.5% 31.7% 31.4% 32.0% Combined ratio 90.5% 90.1% 87.7% 92.2% 91.9% 90.2% 90.6% Specialty combined ratio excl. catastrophe losses and prior year reserve development 90.5% 91.1% 89.6% 91.5% 92.4% 90.7% 92.1% Loss and LAE components: Current accident year, excluding catastrophe losses 59.1% 59.6% 62.6% 66.0% 60.7% 59.3% 60.1% Prior accident year loss reserve development (2.3%) (3.3%) (3.3%) (2.3%) (4.0%) (2.8%) (4.2%) Current accident year catastrophe losses 2.3% 2.3% 1.4% 3.0% 3.5% 2.3% 2.7% Loss and LAE ratio 59.1% 58.6% 60.7% 66.7% 60.2% 58.8% 58.6% Page 7

American Financial Group, Inc. Property and Transportation - Underwriting Results (GAAP) ($ in millions) Three Months Ended Six Months Ended 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 6/30/24 6/30/23 Gross written premiums $ 1,084 $ 959 $ 623 $ 1,592 $ 1,059 $ 2,043 $ 1,931 Ceded reinsurance premiums (403) (368) (197) (687) (391) (771) (711) Net written premiums 681 591 426 905 668 1,272 1,220 Change in unearned premiums (138) (78) 256 (77) (134) (216) (211) Net earned premiums 543 513 682 828 534 1,056 1,009 Loss and LAE 348 304 470 636 346 652 635 Underwriting expense 156 153 145 150 156 309 299 Underwriting profit $ 39 $ 56 $ 67 $ 42 $ 32 $ 95 $ 75 Included in results above: Current accident year catastrophe losses: Catastrophe reinstatement premium $ - $ - $ 2 $ - $ - $ - $ - Catastrophe losses 13 8 3 14 15 21 34 Total current accident year catastrophe losses $ 13 $ 8 $ 5 $ 14 $ 15 $ 21 $ 34 Prior year loss reserve development (favorable) / adverse $ (33) $ (43) $ (12) $ (14) $ (21) $ (76) $ (58) Combined ratio: Loss and LAE ratio 64.0% 59.2% 69.0% 76.8% 64.8% 61.7% 62.9% Underwriting expense ratio 28.9% 29.8% 21.3% 18.0% 29.4% 29.3% 29.7% Combined ratio 92.9% 89.0% 90.3% 94.8% 94.2% 91.0% 92.6% Combined ratio excl. catastrophe losses and prior year reserve development 96.7% 95.6% 91.5% 94.8% 95.1% 96.1% 95.0% Loss and LAE components: Current accident year, excluding catastrophe losses 67.8% 65.8% 70.2% 76.8% 65.7% 66.8% 65.3% Prior accident year loss reserve development (6.2%) (8.3%) (1.8%) (1.7%) (3.8%) (7.2%) (5.7%) Current accident year catastrophe losses 2.4% 1.7% 0.6% 1.7% 2.9% 2.1% 3.3% Loss and LAE ratio 64.0% 59.2% 69.0% 76.8% 64.8% 61.7% 62.9% Page 8

American Financial Group, Inc. Specialty Casualty - Underwriting Results (GAAP) ($ in millions) Three Months Ended Six Months Ended 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 6/30/24 6/30/23 Gross written premiums $ 1,023 $ 1,097 $ 1,069 $ 1,226 $ 1,012 $ 2,120 $ 2,073 Ceded reinsurance premiums (319) (346) (369) (397) (319) (665) (658) Net written premiums 704 751 700 829 693 1,455 1,415 Change in unearned premiums 35 (21) 37 (95) 18 14 - Net earned premiums 739 730 737 734 711 1,469 1,415 Loss and LAE 428 457 438 463 421 885 838 Underwriting expense 203 199 185 193 195 402 394 Underwriting profit $ 108 $ 74 $ 114 $ 78 $ 95 $ 182 $ 183 Included in results above: Current accident year catastrophe losses: Catastrophe reinstatement premium $ - $ 1 $ (1) $ - $ 2 $ 1 $ 2 Catastrophe losses 5 15 9 17 6 20 9 Total current accident year catastrophe losses $ 5 $ 16 $ 8 $ 17 $ 8 $ 21 $ 11 Prior year loss reserve development (favorable) / adverse $ (25) $ (17) $ (37) $ (22) $ (24) $ (42) $ (51) Combined ratio: Loss and LAE ratio 58.0% 62.5% 59.6% 63.1% 59.2% 60.3% 59.2% Underwriting expense ratio 27.4% 27.3% 25.0% 26.3% 27.4% 27.4% 27.9% Combined ratio 85.4% 89.8% 84.6% 89.4% 86.6% 87.7% 87.1% Combined ratio excl. catastrophe losses and prior year reserve development 88.2% 89.9% 88.5% 90.0% 89. 0% 89.1% 90.0% Loss and LAE components: Current accident year, excluding catastrophe losses 60.8% 62.6% 63.5% 63.7% 61.6% 61.7% 62.1% Prior accident year loss reserve development (3.5%) (2.3%) (5. 0%) (2. 9%) (3.4%) (2. 9%) (3. 6%) Current accident year catastrophe losses 0.7% 2.2% 1.1% 2.3% 1. 0% 1.5% 0.7% Loss and LAE ratio 58.0% 62.5% 59.6% 63.1% 59.2% 60.3% 59.2% Page 9

American Financial Group, Inc. Specialty Financial - Underwriting Results (GAAP) ($ in millions) Three Months Ended Six Months Ended 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 6/30/24 6/30/23 Gross written premiums $ 299 $ 280 $ 300 $ 322 $ 298 $ 579 $ 520 Ceded reinsurance premiums (51) (46) (50) (61) (58) (97) (96) Net written premiums 248 234 250 261 240 482 424 Change in unearned premiums (7) 9 (6) (29) (45) 2 (33) Net earned premiums 241 243 244 232 195 484 391 Loss and LAE 101 98 85 93 79 199 150 Underwriting expense 115 112 114 110 106 227 205 Underwriting profit $ 25 $ 33 $ 45 $ 29 $ 10 $ 58 $ 36 Included in results above: Current accident year catastrophe losses: Catastrophe reinstatement premium $ - $ - $ - $ - $ - $ - $ - Catastrophe losses 17 8 4 22 19 25 23 Total current accident year catastrophe losses $ 17 $ 8 $ 4 $ 22 $ 19 $ 25 $ 23 Prior year loss reserve development (favorable) / adverse $ - $ 6 $ (8) $ (10) $ (11) $ 6 $ (14) Combined ratio: Loss and LAE ratio 42.1% 40.2% 34.8% 39.8% 40.9% 41.2% 38.5% Underwriting expense ratio 47.6% 46.1% 46.5% 47.8% 54.1% 46.9% 52.3% Combined ratio 89.7% 86.3% 81.3% 87.6% 95.0% 88.1% 90.8% Combined ratio excl. catastrophe losses and prior year reserve development 82.3% 80.9% 82.7% 82.5% 91.1% 81.7% 88.5% Loss and LAE components: Current accident year, excluding catastrophe losses 34.7% 34.8% 36.2% 34.7% 37.0% 34.8% 36.2% Prior accident year loss reserve development 0.1% 2.3% (3.4%) (4. 2%) (5. 7%) 1.2% (3.5%) Current accident year catastrophe losses 7.3% 3.1% 2.0% 9.3% 9.6% 5.2% 5.8% Loss and LAE ratio 42.1% 40.2% 34.8% 39.8% 40.9% 41.2% 38.5% Page 10

American Financial Group, Inc. Other Specialty - Underwriting Results (GAAP) ($ in millions) Three Months Ended Six Months Ended 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 6/30/24 6/30/23 Gross written premiums $ - $ - $ - $ - $ - $ - $ - Ceded reinsurance premiums 59 58 69 66 66 117 127 Net written premiums 59 58 69 66 66 117 127 Change in unearned premiums 3 2 - (5) 1 5 2 Net earned premiums 62 60 69 61 67 122 129 Loss and LAE 59 47 59 46 60 106 102 Underwriting expense 24 22 24 21 21 46 43 Underwriting profit (loss) $ (21) $ (9) $ (14) $ (6) $ (14) $ (30) $ (16) Included in results above: Current accident year catastrophe losses: Catastrophe reinstatement premium $ - $ - $ - $ - $ - $ - $ - Catastrophe losses 1 3 8 3 11 4 16 Total current accident year catastrophe losses $ 1 $ 3 $ 8 $ 3 $ 11 $ 4 $ 16 Prior year loss reserve development (favorable) / adverse $ 22 $ 3 $ - $ 2 $ (5) $ 25 $ (2) Combined ratio: Loss and LAE ratio 95.3% 79.2% 82.8% 76.2% 91.1% 87.3% 80.3% Underwriting expense ratio 36.8% 37.7% 36.1% 33.6% 31.1% 37.2% 32.8% Combined ratio 132.1% 116.9% 118.9% 109.8% 122.2% 124.5% 113.1% Combined ratio excl. catastrophe losses and prior year reserve development 94.1% 106.8% 107.3% 101.2% 111.7% 100.4% 102.1% Loss and LAE components: Current accident year, excluding catastrophe losses 57.3% 69.1% 71.2% 67.6% 80.6% 63.2% 69.3% Prior accident year loss reserve development 37.4% 4.8% 0.9% 3.7% (7. 5%) 21.2% (1.9%) Current accident year catastrophe losses 0.6% 5.3% 10.7% 4.9% 18.0% 2.9% 12.9% Loss and LAE ratio 95.3% 79.2% 82.8% 76.2% 91.1% 87.3% 80.3% Page 11

American Financial Group, Inc. Consolidated Balance Sheet ($ in millions) 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 3/31/23 Assets: Total cash and investments $ 15,261 $ 15,254 $ 15,263 $ 14,794 $ 14,489 $ 14,451 Recoverables from reinsurers 4,157 4,510 4,477 4,421 3,852 3,838 Prepaid reinsurance premiums 1,143 1,078 961 1,223 1,112 1,021 Agents' balances and premiums receivable 1,909 1,606 1,471 2,088 1,796 1,459 Deferred policy acquisition costs 328 309 309 324 316 285 Assets of managed investment entities 4,695 4,669 4,484 4,871 5,235 5,391 Other receivables 758 958 1,171 1,377 721 637 Other assets 1,357 1,312 1,346 1,422 1,281 1,153 Goodwill 305 305 305 305 246 246 Total assets $ 29,913 $ 30,001 $ 29,787 $ 30,825 $ 29,048 $ 28,481 Liabilities and Equity: Unpaid losses and loss adjustment expenses $ 12,607 $ 13,050 $ 13,087 $ 12,891 $ 11,925 $ 11,761 Unearned premiums 3,816 3,650 3,451 3,997 3,686 3,435 Payable to reinsurers 1,176 1,078 1,186 1,398 1,038 911 Liabilities of managed investment entities 4,536 4,468 4,307 4,728 5,098 5,258 Long-term debt 1,475 1,475 1,475 1,474 1,474 1,478 Other liabilities 1,919 2,040 2,023 2,356 1,834 1,697 Total liabilities $ 25,529 $ 25,761 $ 25,529 $ 26,844 $ 25,055 $ 24,540 Shareholders' equity: Common stock $ 84 $ 84 $ 84 $ 84 $ 85 $ 85 Capital surplus 1,392 1,382 1,372 1,372 1,377 1,374 Retained earnings 3,239 3,089 3,121 3,095 3,042 2,933 Unrealized gains (losses) - fixed maturities (290) (278) (287) (521) (464) (413) Unrealized gains (losses) - fixed maturity-related cash flow hedges (20) (22) (17) (34) (33) (21) Other comprehensive income (loss), net of tax (21) (15) (15) (15) (14) (17) Total shareholders' equity 4,384 4,240 4,258 3,981 3,993 3,941 Total liabilities and equity $ 29,913 $ 30,001 $ 29,787 $ 30,825 $ 29,048 $ 28,481 Page 12

American Financial Group, Inc. Book Value Per Share and Price / Book Summary (in millions, except per share information) 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 3/31/23 Shareholders' equity $ 4,384 $ 4,240 $ 4,258 $ 3,981 $ 3,993 $ 3,941 Accumulated other comprehensive income (loss) (331) (315) (319) (570) (511) (451) Shareholders' equity, excluding AOCI 4,715 4,555 4,577 4,551 4,504 4,392 Goodwill 305 305 305 305 246 246 Intangibles 204 208 213 217 102 105 $ 4,206 $ 4,042 $ 4,059 $ 4,029 $ 4,156 $ 4,041 Tangible shareholders' equity, excluding AOCI Common shares outstanding 83.897 83.857 83.636 84.136 84.859 85.172 Book value per share: Book value per share $ 52.25 $ 50.57 $ 50.91 $ 47.31 $ 47.06 $ 46.27 Book value per share, excluding AOCI 56.19 54.32 54.72 54.09 53.07 51.57 Tangible, excluding AOCI 50.13 48.20 48.52 47.89 48.97 47.45 Market capitalization AFG's closing common share price $ 123.02 $ 136.48 $ 118.89 $ 111.67 $ 118.75 $ 121.50 Market capitalization $ 10,321 $ 11,445 $ 9,943 $ 9,395 $ 10,077 $ 10,348 Price / Book value per share, excluding AOCI 2.19 2.51 2.17 2.06 2.24 2.36 Page 13

American Financial Group, Inc. Capitalization ($ in millions) 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 3/31/23 AFG senior obligations $ 823 $ 823 $ 823 $ 823 $ 823 $ 828 - - - - - - Borrowings drawn under credit facility Debt excluding subordinated debt $ 823 $ 823 $ 823 $ 823 $ 823 $ 828 675 675 675 675 675 675 AFG subordinated debentures Total principal amount of long-term debt $ 1,498 $ 1,498 $ 1,498 $ 1,498 $ 1,498 $ 1,503 Shareholders' equity 4,384 4,240 4,258 3,981 3,993 3,941 (331) (3 15) (319) (570) (511) (451) Accumulated other comprehensive income (loss) Total capital, excluding AOCI $ 6,213 $ 6,053 $ 6,075 $ 6,049 $ 6,002 $ 5,895 Ratio of debt to total capital, excluding AOCI: Including subordinated debt 24.1% 24.7% 24.7% 24.8% 25.0% 2 5.5% Excluding subordinated debt 13.2% 13.6% 13.5% 13.6% 13.7% 14.0% Page 14

American Financial Group, Inc. Additional Supplemental Information ($ in millions) Three Months Ended Six Months Ended 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 6/30/24 6/30/23 Property and Casualty Insurance $ 969 $ 989 $ 938 $ 805 $ 802 $ 1,958 $ 1,683 Paid Losses (GAAP) 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 3/31/23 GAAP Equity (excluding AOCI) Property and Casualty Insurance $ 5,919 $ 5,780 $ 5,710 $ 5,786 $ 5,581 $ 5,392 (1,204) ( 1,225) ( 1,133) ( 1,235) ( 1,077) (1,000) Parent and other subsidiaries $ 4,715 $ 4,555 $ 4,577 $ 4,551 $ 4,504 $ 4,392 AFG GAAP Equity (excluding AOCI) Allowable dividends without regulatory approval Property and Casualty Insurance $ 946 $ 946 $ 946 $ 887 $ 887 $ 887 Page 15

American Financial Group, Inc. Total Cash and Investments ($ in millions) Carrying Value - June 30, 2024 Property and % of Casualty Parent & Consolidate Total AFG Investment Insurance Other CLOs Consolidated Portfolio Total cash and investments: Cash and cash equivalents $ 813 $ 308 $ - $ 1,121 8% Fixed maturities - Available for sale 10,111 85 - 10,196 67% Fixed maturities - Trading 65 - - 65 0% Equity securities - Common stocks 655 - - 655 4% Equity securities - Perpetual preferred 422 - - 422 3% Investments accounted for using the equity method 1,880 2 - 1,882 12% Mortgage loans 773 - - 773 5% Real estate and other investments 211 94 (158) 147 1% Total cash and investments $ 14,930 $ 489 $ (158) $ 15,261 100% Carrying Value - December 31, 2023 Property and % of Casualty Parent & Consolidate Total AFG Investment Insurance Other CLOs Consolidated Portfolio Total cash and investments: Cash and cash equivalents $ 940 $ 285 $ - $ 1,225 8% Fixed maturities - Available for sale 10,225 152 - 10,377 68% Fixed maturities - Trading 57 - - 57 0% Equity securities - common stocks 586 - - 586 4% Equity securities - perpetual preferred 432 - - 432 3% Investments accounted for using the equity method 1,812 2 - 1,814 12% Mortgage loans 643 - - 643 4% Real estate and other investments 211 93 (175) 129 1% Total cash and investments $ 14,906 $ 532 $ (175) $ 15,263 100% Page 16

American Financial Group, Inc. Net Investment Income ($ in millions) Three Months Ended Six Months Ended 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 6/30/24 6/30/23 Property and Casualty Insurance: Gross investment income excluding alternative investments Fixed maturities $ 133 $ 131 $ 131 $ 121 $ 117 $ 264 $ 229 Equity securities 7 7 7 8 8 14 17 Other investments (a) 21 17 21 19 16 38 29 Gross investment income excluding alternative investments 161 155 159 148 141 316 275 Gross investment income from alternative investments (b) 33 56 5 25 55 89 133 Total gross investment income 194 211 164 173 196 405 408 Investment expenses (5) (6) (3) (3) (5) (11) (10) Total net investment income $ 189 $ 205 $ 161 $ 170 $ 191 $ 394 $ 398 Average cash and investments (c) $ 15,346 $ 15,331 $ 15,227 $ 14,899 $ 14,498 $ 15,321 $ 14,438 Average yield - fixed maturities before inv expenses (d) 5.04% 4.93% 4.99% 4.68% 4.62% 4.99% 4.51% Average yield - overall portfolio, net (d) 4.93% 5.35% 4.23% 4.56% 5.27% 5.14% 5.51% Average tax equivalent yield - overall portfolio, net (d) 4.98% 5.42% 4.31% 4.63% 5.34% 5.21% 5.58% AFG consolidated net investment income: Property & Casualty core $ 189 $ 205 $ 161 $ 170 $ 191 $ 394 $ 398 Parent & other 8 7 7 10 12 15 23 Consolidate CLOs (9) (14) (9) (12) (5) (23) (6) Total net investment income $ 188 $ 198 $ 159 $ 168 $ 198 $ 386 $ 415 Average cash and investments (c) $ 15,617 $ 15,616 $ 15,540 $ 15,264 $ 15,025 $ 15,620 $ 15,064 Average yield - overall portfolio, net (d) 4.82% 5.07% 4.09% 4.40% 5.27% 4.94% 5.51% Average yield - fixed maturities before inv expenses (d) 5.06% 4.95% 5.01% 4.74% 4.67% 5.01% 4.55% (a) Includes income from mortgage loans, real estate, short-term investments, and cash equivalents. (b) Investment income on alternative investments is detailed on page 18. (c) Average cash and investments is the average of the beginning and ending quarter balances, or the average of the five quarters balances. (d) Average yield is calculated by dividing investment income for the period by the average balance. Page 17

American Financial Group, Inc. Alternative Investments ($ in millions) Three Months Ended Six Months Ended 6/30/24 3/31/24 12/31/23 9/30/23 6/30/23 6/30/24 6/30/23 Property and Casualty Insurance: Net Investment Income Fixed maturities MTM through investment income $ 1 $ 1 $ (2) $ (11) $ 8 $ 2 $ 12 Equity securities MTM through investment income (a) 9 16 1 7 14 25 30 Investments accounted for using the equity method (b) 14 25 (3) 17 28 39 85 AFG managed CLOs (eliminated in consolidation) 9 14 9 12 5 23 6 Total Property & Casualty $ 33 $ 56 $ 5 $ 25 $ 55 $ 89 $ 133 Investments Fixed maturities MTM through investment income $ 32 $ 18 $ 17 $ 17 $ 28 $ 32 $ 28 Equity securities MTM through investment income (a) 544 494 440 411 423 544 423 Investments accounted for using the equity method (b) 1 ,880 1 ,846 1 ,812 1 ,806 1,755 1 ,880 1 ,755 AFG managed CLOs (eliminated in consolidation) 158 199 175 143 136 158 136 Total Property & Casualty $ 2 ,614 $ 2 ,557 $ 2 ,444 $ 2 ,377 $ 2,342 $ 2 ,614 $ 2 ,342 Annualized Return - Property & Casualty 5.1% 9.0% 0.8% 4.2% 9 .6% 7.0% 11.8% AFG Consolidated: Net Investment Income Fixed maturities MTM through investment income $ 1 $ 1 $ (2) $ (11) $ 8 $ 2 $ 12 Equity securities MTM through investment income (a) 9 16 1 7 14 25 30 Investments accounted for using the equity method (b) 14 25 (3) 17 28 39 85 AFG managed CLOs (eliminated in consolidation) 9 14 9 12 5 23 6 Total AFG Consolidated $ 33 $ 56 $ 5 $ 25 $ 55 $ 89 $ 133 Investments Fixed maturities MTM through investment income $ 32 $ 18 $ 17 $ 17 $ 28 $ 32 $ 28 Equity securities MTM through investment income (a) 544 494 440 411 423 544 423 Investments accounted for using the equity method (b) 1 ,882 1 ,848 1 ,814 1 ,807 1,756 1 ,882 1 ,756 AFG managed CLOs (eliminated in consolidation) 158 199 175 143 136 158 136 Total AFG Consolidated $ 2 ,616 $ 2 ,559 $ 2 ,446 $ 2 ,378 $ 2,343 $ 2 ,616 $ 2 ,343 Annualized Return - AFG Consolidated 5.1% 8.9% 0.8% 4.2% 9 .6% 7.0% 11.8% (a) AFG records holding gains and losses in net investment income on its portfolio of limited partnerships and similar investments that do not qualify for equity method accounting and certain other securities classified at purchase as fair value through net investment income. (b) The majority of AFG's investments accounted for using the equity method mark their underlying assets to market through net income. Page 18

American Financial Group, Inc. Fixed Maturities - By Security Type - AFG Consolidated ($ in millions ) % of Unrealized % of Investment June 30, 2024 Book Value (a) Fair Value Gain (Loss) Fair Value Portfolio US Government and government agencies $ 182 $ 176 $ (6) 2% 1% States, municipalities and political subdivisions 917 868 (49) 8% 6% Foreign government 283 280 (3) 3% 2% Residential mortgage-backed securities 1,804 1,663 (141) 16% 11% Commercial mortgage-backed securities 70 70 - 1% 0% Collateralized loan obligations 1,464 1,459 (5) 14% 10% Other asset-backed securities 2,444 2,363 (81) 23% 15% Corporate and other bonds 3,464 3,382 (82) 33% 22% Total AFG consolidated $ 10,628 $ 10,261 $ (367) 100% 67% Approximate duration - P&C 3.1 years Approximate duration - P&C including cash 2.9 years % of Unrealized % of Investment December 31, 2023 Book Value (a) Fair Value Gain (Loss) Fair Value Portfolio US Government and government agencies $ 243 $ 236 $ (7) 2% 2% States, municipalities and political subdivisions 1,014 984 (30) 9% 6% Foreign government 288 282 (6) 3% 2% Residential mortgage-backed securities 1,787 1,658 (129) 16% 11% Commercial mortgage-backed securities 75 74 (1) 1% 0% Collateralized loan obligations 1,706 1,687 (19) 16% 11% Other asset-backed securities 2,472 2,362 (110) 23% 15% Corporate and other bonds 3,212 3,151 (61) 30% 21% Total AFG consolidated $ 10,797 $ 10,434 $ ( 363) 100% 68% Approximate duration - P&C 3.2 years Approximate duration - P&C including cash 2.9 years (a) Book Value is amortized cost, net of allowance for expected credit losses. Page 19

Appendix A American Financial Group, Inc. Fixed Maturities by Credit Rating & NAIC Designation by Type 6/30/2024 ($ in millions) Fair Value by Type By Credit Rating (a) US Gov Munis Frgn Gov RMBS CMBS CLOs ABS Corp/Oth Total % Total Investment grade AAA $ - $ 345 $ 260 $ 1,419 $ 61 $ 1,338 $ 908 $ 21 $ 4,352 42% AA 176 471 9 100 8 113 257 175 1,309 13% A - 42 5 31 1 7 563 954 1,603 16% BBB - 8 6 16 - - 497 1,861 2,388 23% Subtotal - Investment grade 176 866 280 1,566 70 1,458 2,225 3,011 9,652 94% BB - - - 2 - - 7 178 187 2% B - - - 3 - - 2 74 79 1% CCC, CC, C - - - 31 - - 4 18 53 0% D - - - - - - - - - 0% Subtotal - Non-Investment grade - - - 36 - - 13 270 319 3% Not Rated (b) - 2 - 61 - 1 125 101 290 3% Total $ 176 $ 868 $ 280 $ 1,663 $ 70 $ 1,459 $ 2,363 $ 3,382 $ 10,261 100% Fair Value by Type % Total NAIC designation US Gov Munis Frgn gov RMBS CMBS CLOs ABS Corp/Oth Total 1 $ 176 $ 854 $ 231 $ 1,592 $ 69 $ 1,419 $ 1,771 $ 1,157 $ 7,269 73% 2 - 8 - 14 - - 488 1,852 2,362 23% Subtotal 176 862 231 1,606 69 1,419 2,259 3,009 9,631 96% 3 - - - 2 - - 7 187 196 2% 4 - - - - - - 2 81 83 1% 5 - - - 2 - - 7 65 74 1% 6 - - - 5 - - - 1 6 0% Subtotal - - - 9 - - 16 334 359 4% Total insurance companies $ 176 $ 862 $ 231 $ 1,615 $ 69 $ 1,419 $ 2,275 $ 3,343 $ 9,990 100% No NAIC designation (c) - - - - - 1 17 8 26 Non-Insurance and Foreign Companies (d) - 6 49 48 1 39 71 31 245 Total $ 176 $ 868 $ 280 $ 1,663 $ 70 $ 1,459 $ 2,363 $ 3,382 $ 10,261 (a) If two agencies rate a security, the rating displayed above is the lower of the two; if three or more agencies rate a security, the rating displayed is the second lowest. (b) For ABS, 84% are NAIC 1 and 14% do not have a designation. For Corp/Oth, 18% are NAIC 1, 10% NAIC 2, 15% NAIC 4, 46% NAIC 5 and 7% do not have a designation. For Total, 59% are NAIC 1, 18% NAIC 5 and 9% do not have a designation. (c) Surplus notes and CLO equity tranches that are classified as other invested assets for STAT. (d) 98% are investment grade rated. Page 20

Appendix B American Financial Group, Inc. Fixed Maturities by Credit Rating & NAIC Designation by Type 12/31/2023 ($ in millions) Fair Value by Type By Credit Rating (a) US Gov Munis Frgn Gov RMBS CMBS CLOs ABS Corp/Oth Total % Total Investment grade AAA $ - $ 371 $ 261 $ 1,425 $ 63 $ 1,500 $ 961 $ 23 $ 4,604 44% AA 236 560 10 99 7 173 261 160 1,506 15% A - 44 5 26 1 13 542 839 1,470 14% BBB - 7 6 4 - - 474 1,740 2,231 21% Subtotal - Investment grade 236 982 282 1,554 71 1,686 2,238 2,762 9,811 94% BB - - - 2 3 - 7 195 207 2% B - - - 4 - - 2 67 73 1% CCC, CC, C - - - 29 - - 5 7 41 0% D - - - 4 - - - - 4 0% Subtotal - Non-Investment grade - - - 39 3 - 14 269 325 3% Not Rated (b) - 2 - 65 - 1 110 120 298 3% Total $ 236 $ 984 $ 282 $ 1,658 $ 74 $ 1,687 $ 2,362 $ 3,151 $ 10,434 100% Fair Value by Type NAIC designation US Gov Munis Frgn gov RMBS CMBS CLOs ABS Corp/Oth Total % Total 1 $ 236 $ 977 $ 230 $ 1,606 $ 71 $ 1,633 $ 1,799 $ 1,043 $ 7,595 74% 2 - 7 - 2 - - 474 1,769 2,252 22% Subtotal 236 984 230 1,608 71 1,633 2,273 2,812 9,847 96% 3 - - - 1 3 - 8 195 207 2% 4 - - - 1 - - 1 61 63 1% 5 - - - 3 - - 9 67 79 1% 6 - - - 5 - - - - 5 0% Subtotal - - - 10 3 - 18 323 354 4% Total insurance companies $ 236 $ 984 $ 230 $ 1,618 $ 74 $ 1,633 $ 2,291 $ 3,135 $ 10,201 100% No NAIC designation (c) - - - - - 1 9 11 21 Non-Insurance and Foreign Companies (d) - - 52 40 - 53 62 5 212 Total $ 236 $ 984 $ 282 $ 1,658 $ 74 $ 1,687 $ 2,362 $ 3,151 $ 10,434 (a) If two agencies rate a security, the rating displayed above is the lower of the two; if three or more agencies rate a security, the rating displayed is the second lowest. (b) For ABS, 87% are NAIC 1 and 8% do not have a designation. For Corp/Oth, 21% are NAIC 1, 21% NAIC 2, 46% NAIC 5 and 9% do not have a designation. For Total, 58% are NAIC 1, 9% NAIC 2, 21% NAIC 5 and 7% do not have a designation. (c) Surplus notes and CLO equity tranches that are classified as other invested assets for STAT. (d) 98% are investment grade rated. Page 21

Appendix C American Financial Group, Inc. Corporate Securities by Credit Rating & NAIC Designation by Industry 6/30/2024 ($ in millions) Fair Value By Industry Asset Other Basic Capital Credit Rating (a) Managers Banking Technology Insurance Financials Consumer Utilities Autos Industry Retailers REITs Healthcare Media Goods Other Total % Total Investment Grade AAA $ - $ - $ 10 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 11 $ 21 1% AA 5 - 22 43 33 38 5 - - 10 - 15 - - 4 175 5% A 40 195 50 147 66 56 112 92 11 17 48 29 3 39 49 954 28% BBB 704 216 148 46 104 64 82 55 113 51 72 26 44 46 90 1,861 55% Subtotal 749 411 230 236 203 158 199 147 124 78 120 70 47 85 154 3,011 89% BB 23 6 11 3 3 26 - 5 13 35 6 5 31 2 9 178 5% B 4 2 12 - - 11 - 4 - 22 - 13 - 4 2 74 2% CCC, CC, C - - 2 - - 1 - - - - - 11 - - 4 18 1% D - - - - - - - - - - - - - - - - 0% Subtotal 27 8 25 3 3 38 - 9 13 57 6 29 31 6 15 270 8% Not Rated (b) - - 6 7 22 16 - - - - 7 12 20 6 5 101 3% Total $ 776 $ 419 $ 261 $ 246 $ 228 $ 212 $ 199 $ 156 $ 137 $ 135 $ 133 $ 111 $ 98 $ 97 $ 174 $ 3,382 100% Fair Value By Industry Asset Other Basic Capital NAIC designation Managers Banking Technology Insurance Financials Consumer Utilities Autos Industry Retailers REITs Healthcare Media Goods Other Total % Total 1 $ 45 $ 193 $ 82 $ 188 $ 106 $ 103 $ 117 $ 92 $ 11 $ 27 $ 48 $ 45 $ 3 $ 39 $ 58 $ 1, 157 35% 2 702 213 145 44 104 70 81 54 109 50 71 26 43 45 95 1, 852 55% Subtotal 747 406 227 232 210 173 198 146 120 77 119 71 46 84 153 3, 009 90% 3 23 6 12 3 5 30 - 5 13 35 6 6 31 2 10 187 6% 4 4 2 11 - 12 5 - 4 - 22 - 15 - 4 2 81 2% 5 - - 7 - - - - - - - 8 19 20 6 5 65 2% 6 - - - - - 1 - - - - - - - - - 1 0% Subtotal 27 8 30 3 17 36 - 9 13 57 14 40 51 12 17 334 10% Total insurance companies $ 774 $ 414 $ 257 $ 235 $ 227 $ 209 $ 198 $ 155 $ 133 $ 134 $ 133 $ 111 $ 97 $ 96 $ 170 $ 3,343 100% No NAIC designation (c) - - - 8 - - - - - - - - - - - 8 Non-Insurance and Foreign Companies 2 5 4 3 1 3 1 1 4 1 - - 1 1 4 31 Total $ 776 $ 419 $ 261 $ 246 $ 228 $ 212 $ 199 $ 156 $ 137 $ 135 $ 133 $ 111 $ 98 $ 97 $ 174 $ 3,382 (a) If two agencies rate a security, the rating displayed above is the lower of the two; if three or more agencies rate a security, the rating displayed is the second lowest. (b) 18% of not rated securities are NAIC 1, 10% NAIC 2, 15% NAIC 4, 46% NAIC 5 and 7% do not have a designation. Page 22

Appendix D American Financial Group, Inc. Corporate Securities by Credit Rating & NAIC Designation by Industry 12/31/2023 ($ in millions) Fair Value By Industry Asset Other Basic Capital Credit Rating (a) Managers Banking Technology Insurance Consumer Financials Utilities Autos REITs Retailers Industry Media Goods Other Total % Total Investment Grade AAA $ - $ - $ 11 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 12 $ 23 1% AA 5 - 18 43 39 29 5 - - 10 - - - 11 160 5% A 33 190 57 151 44 45 86 61 47 18 11 3 35 58 839 27% BBB 579 210 151 41 69 101 72 79 68 51 110 45 40 124 1, 740 55% Subtotal 617 400 237 235 152 175 163 140 115 79 121 48 75 205 2,762 88% BB 23 2 24 3 27 5 - 5 - 40 15 35 1 15 195 6% B - - 2 - 10 8 - 4 - 24 - - 4 15 67 2% CCC, CC, C - - 2 - - - - - - - - - - 5 7 0% D - - - - - - - - - - - - - - - 0% Subtotal 23 2 28 3 37 13 - 9 - 64 15 35 5 35 269 8% Not Rated (b) - - 4 11 18 10 - - 28 - - 20 6 23 120 4% Total $ 640 $ 402 $ 269 $ 249 $ 207 $ 198 $ 163 $ 149 $ 143 $ 143 $ 136 $ 103 $ 86 $ 263 $ 3,151 100% Fair Value By Industry Asset Other Basic Capital NAIC designation Managers Banking Technology Insurance Consumer Financials Utilities Autos REITs Retailers Industry Media Goods Other Total % Total 1 $ 38 $ 190 $ 86 $ 194 $ 92 $ 82 $ 92 $ 61 $ 55 $ 28 $ 11 $ 3 $ 35 $ 76 $ 1,043 33% 2 579 210 151 41 75 102 71 84 81 51 110 45 40 129 1, 769 57% Subtotal 617 400 237 235 167 184 163 145 136 79 121 48 75 205 2, 812 90% 3 23 2 23 3 32 6 - - - 40 14 35 2 15 195 6% 4 - - 1 - 4 8 - 4 - 24 - - 4 16 61 2% 5 - - 8 - 4 - - - 7 - 1 20 5 22 67 2% 6 - - - - - - - - - - - - - - - 0% Subtotal 23 2 32 3 40 14 - 4 7 64 15 55 11 53 323 10% Total insurance companies $ 640 $ 402 $ 269 $ 238 $ 207 $ 198 $ 163 $ 149 $ 143 $ 143 $ 136 $ 103 $ 86 $ 258 $ 3,135 100% No NAIC designation (c) - - - 11 - - - - - - - - - - 11 Non-Insurance and Foreign Companies - - - - - - - - - - - - - 5 5 Total $ 640 $ 402 $ 269 $ 249 $ 207 $ 198 $ 163 $ 149 $ 143 $ 143 $ 136 $ 103 $ 86 $ 263 $ 3,151 (a) If two agencies rate a security, the rating displayed above is the lower of the two; if three or more agencies rate a security, the rating displayed is the second lowest. (b) 21% of not rated securities are NAIC 1, 21% NAIC 2, 46% NAIC 5 and 9% do not have a designation. (c) Surplus notes that are classified as other invested assets for STAT. Page 23

Appendix E American Financial Group, Inc. Asset-Backed Securities by Credit Rating & NAIC Designation by Collateral Type 6/30/2024 ($ in millions) Fair Value By Collateral Type Single Secured Whole Triple Net Commercial Family Credit Rating (a) Financing (c) TruPS Business Railcar Lease Real Estate Rental Aircraft Auto Other Total % Total Investment Grade AAA $ 25 $ 40 $ - $ - $ 169 $ 331 $ 173 $ 4 $ 68 $ 98 $ 908 38% AA 25 130 65 - 3 6 - 4 - 24 257 11% A 69 18 10 181 16 - - 76 - 193 563 24% BBB 1 - 391 7 - - - 25 - 73 497 21% Subtotal 120 188 466 188 188 337 173 109 68 388 2,225 94% BB 1 - - - - - - 6 - - 7 1% B - - - - - - - 2 - - 2 0% CCC, CC, C - - - - - - - 4 - - 4 0% D - - - - - - - - - - - 0% Subtotal 1 - - - - - - 12 - - 13 0% Not Rated (b) 102 - - - - - - 2 - 21 125 5% Total $ 223 $ 188 $ 466 $ 188 $ 188 $ 337 $ 173 $ 123 $ 68 $ 409 $ 2,363 100% Fair Value By Collateral Type Commercial Single Secured Whole Triple Net Real Estate Family NAIC designation Financing (b) TruPS Business Railcar Lease ABS Rental Aircraft Auto Other Total % Total 1 $ 220 $ 185 $ 75 $ 178 $ 184 $ 299 $ 167 $ 82 $ 66 $ 315 $ 1,771 78% 2 1 - 383 7 - - - 25 - 72 488 21% Subtotal 221 185 458 185 184 299 167 107 66 387 2 ,259 99% 3 2 - - - - - - 5 - - 7 1% 4 - - - - - - - 2 - - 2 0% 5 - - - - - - - 6 - 1 7 0% 6 - - - - - - - - - - - 0% Subtotal 2 - - - - - - 13 - 1 16 1% Total insurance companies $ 223 $ 185 $ 458 $ 185 $ 184 $ 299 $ 167 $ 120 $ 66 $ 388 $ 2,275 100% No NAIC designation - - - - - - - - - 17 17 Non-Insurance and Foreign Companies - 3 8 3 4 38 6 3 2 4 71 Total $ 223 $ 188 $ 466 $ 188 $ 188 $ 337 $ 173 $ 123 $ 68 $ 409 $ 2,363 (a) If two agencies rate a security, the rating displayed above is the lower of the two; if three or more agencies rate a security, the rating displayed is the second lowest. (b) 84% of not rated securities are NAIC 1 and 14% do not have a designation. (c) Secured Financings are privately placed funding agreements secured primarily by Single Family Rental properties and Bank Loans. Page 24

Appendix F American Financial Group, Inc. Asset-Backed Securities by Credit Rating & NAIC Designation by Collateral Type 12/31/2023 ($ in millions) Fair Value By Collateral Type Single Whole Commercial Secured Family Triple Net Credit Rating (a) Business Real Estate Financing (c) TruPS Rental Lease Railcar Aircraft Auto Other Total % Total Investment Grade AAA $ - $ 385 $ 24 $ 46 $ 191 $ 157 $ - $ - $ 67 $ 91 $ 961 41% AA 55 6 20 140 1 2 - 5 14 18 261 11% A 10 - 75 16 - 24 168 54 - 195 542 23% BBB 366 - 1 - - - 6 30 - 71 474 20% Subtotal 431 391 120 202 192 183 174 89 81 375 2,238 95% BB - - 1 - - - - 6 - - 7 0% B - - 1 - - - - 1 - - 2 0% CCC, CC, C - - - - - - - 5 - - 5 0% D - - - - - - - - - - - 0% Subtotal - - 2 - - - - 12 - - 14 0% Not Rated (b) - - 96 - - - - 5 - 9 110 5% Total $ 431 $ 391 $ 218 $ 202 $ 192 $ 183 $ 174 $ 106 $ 81 $ 384 $ 2,362 100% Fair Value By Collateral Type Commercial Single Whole Real Estate Secured Family Triple Net NAIC designation Business ABS Financing (c) TruPS Rental Lease Railcar Aircraft Auto Other Total % Total 1 $ 65 $ 331 $ 215 $ 202 $ 192 $ 183 $ 167 $ 60 $ 81 $ 303 $ 1 ,799 79% 2 366 - 1 - - - 7 30 - 70 474 21% Subtotal 431 331 216 202 192 183 174 90 81 373 2,273 100% 3 - - 2 - - - - 6 - - 8 0% 4 - - - - - - - 1 - - 1 0% 5 - - - - - - - 9 - - 9 0% 6 - - - - - - - - - - - 0% Subtotal - - 2 - - - - 16 - - 18 0% Total insurance companies $ 431 $ 331 $ 218 $ 202 $ 192 $ 183 $ 174 $ 106 $ 81 $ 373 $ 2,291 100% No NAIC designation - - - - - - - - - 9 9 Non-Insurance and Foreign Companies - 60 - - - - - - - 2 62 Total $ 431 $ 391 $ 218 $ 202 $ 192 $ 183 $ 174 $ 106 $ 81 $ 384 $ 2,362 (a) If two agencies rate a security, the rating displayed above is the lower of the two; if three or more agencies rate a security, the rating displayed is the second lowest. (b) 87% of not rated securities are NAIC 1 and 8% do not have a designation. (c) Secured Financings are privately placed funding agreements secured primarily by Single Family Rental properties and Bank Loans. Page 25

Appendix G American Financial Group, Inc. Real Estate-Related Investments 6/30/2024 ($ in millions) Investments accounted for using equity method (Real Estate Funds/Investments) (a) % of Investment Type Book Value Book Value Occupancy (b) Collection Rate (c) Multi-family $ 1,193 90% 94% 97% Fund Investments 70 6% - - QOZ Fund - Development 30 2% - - Office 16 1% 91% 100% Hospitality 10 1% - - Land Development 6 - - - Total $ 1,325 100% Real Estate % of Property Type Book Value Book Value Debt Resort & Marina $ 49 51% $ - Marina 35 37% - Office Building 10 10% - Land 2 2% - Total $ 96 100% $ - Mortgage Loans % of Loan To Property Type Book Value Book Value Value Multifamily $ 549 71% 66% Hospitality 123 16% 49% Marina 52 7% 52% Office 49 6% 98% Total $ 773 100% 64% Currently, no loans are receiving interest deferral through forbearance agreements. (a) Total investments accounted for using the equity method is $1.9 billion, the amounts presented in this table only relate to real estate funds/investments. (b) Occupancy as of 6/30/24 (c) Collections for April - June Page 26

Appendix H American Financial Group, Inc. Real Estate-Related Investments 12/31/2023 ($ in millions) Investments accounted for using equity method (Real Estate Funds/Investments) (a) % of Investment Type Book Value Book Value Occupancy (b) Collection Rate (c) Multi-family $ 1,205 91% 94% 97% Fund Investments 59 5% - - QOZ Fund - Development 25 2% - - Office 16 1% 88% 100% Hospitality 10 1% - - Land Development 5 - - - Total $ 1,320 100% Real Estate % of Property Type Book Value Book Value Debt Resort & Marina $ 50 52% $ - Marina 36 37% - Office Building 9 9% - Land 2 2% - Total $ 97 100% $ - Mortgage Loans % of Loan To Property Type Book Value Book Value Value Multifamily $ 462 72% 66% Hospitality 125 19% 49% Office 56 9% 89% Total $ 643 100% 65% Currently, no loans are receiving interest deferral through forbearance agreements. (a) Total investments accounted for using the equity method is $1.8 billion, the amounts presented in this table only relate to real estate funds/investments. (b) Occupancy as of 12/31/23 (c) Collections for October - December Page 27