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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001209191-08-007631.txt : 20080205
<SEC-HEADER>0001209191-08-007631.hdr.sgml : 20080205
<ACCEPTANCE-DATETIME>20080205134345
ACCESSION NUMBER:		0001209191-08-007631
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20071231
FILED AS OF DATE:		20080205
DATE AS OF CHANGE:		20080205

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LINDNER CARL H
		CENTRAL INDEX KEY:			0000943521
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13653
		FILM NUMBER:		08575311

	BUSINESS ADDRESS:	
		STREET 1:		ONE EAST FOURTH STREET SUITE 919
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45202
		BUSINESS PHONE:		5135792540

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN FINANCIAL GROUP INC
		CENTRAL INDEX KEY:			0001042046
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				311544320
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ONE EAST FOURTH STREET
		STREET 2:		SUITE 919
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45202
		BUSINESS PHONE:		5135792121

	MAIL ADDRESS:	
		STREET 1:		ONE EAST FOURTH STREET
		STREET 2:		SUITE 919
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN FINANCIAL GROUP HOLDINGS INC
		DATE OF NAME CHANGE:	19970709
</SEC-HEADER>
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<TYPE>5
<SEQUENCE>1
<FILENAME>doc5.xml
<DESCRIPTION>FORM 5 SUBMISSION
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        <issuerName>AMERICAN FINANCIAL GROUP INC</issuerName>
        <issuerTradingSymbol>AFG</issuerTradingSymbol>
    </issuer>

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        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Deferred Compensation</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>28.88</value>
            </conversionOrExercisePrice>
            <transactionCoding>
                <transactionFormType></transactionFormType>
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            <exerciseDate>
                <footnoteId id="F8"/>
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                <footnoteId id="F8"/>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
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    <footnotes>
        <footnote id="F1">Indirect #1:  By Carl H. Lindner Jr., et al., TTEE for the CHL amended and Restated Family Trust dated 12/23/83.</footnote>
        <footnote id="F2">These shares were purchased through the Issuer's Dividend Reinvestment Plan.</footnote>
        <footnote id="F3">On October 4, 2007, Indirect #8 transferred 216,109 shares of the Company common stock to Indirect #2.</footnote>
        <footnote id="F4">Indirect #2:  By Edyth B. Lindner, Spouse.</footnote>
        <footnote id="F5">Indirect #3:  EBL TTEE of the Edyth B. Lindner Family Trust dated 4/13/04.</footnote>
        <footnote id="F6">Indirect #4:  By Carl H. Lindner, Jr., et al., Trustee of the CHL Amended and Restated Family Trust dated 1/22/82.</footnote>
        <footnote id="F7">Indirect #8:  By Joseph A. Pedoto, TTEE of the Edyth B. Lindner 2005-1 Qualified Annuity Trust dated 4/26/2005.</footnote>
        <footnote id="F8">Represents amounts deferred by the Reporting Person in the Issuer's Deferred Compensation Plan.  The account value increases or decreases based on the value of the Issuer's common stock.  Upon termination of employment or earlier, if so elected, the Reporting Person's account balance may be distributed, at the option of the Issuer, either in cash or in shares of the Issuer's common stock.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>Carl H. Lindner
By: Karl J. Grafe, as Attorney-in-Fact</signatureName>
        <signatureDate>2008-02-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
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-----END PRIVACY-ENHANCED MESSAGE-----