Specialty Property and Casualty Insurance

KBW Insurance Conference

September 10, 2021

Forward Looking Statements

Certain statements made during this presentation, as well as included in this document, are not historical facts and may be considered "forward-looking statements" and are based on estimates, assumptions and projections which management believes are reasonable but by their nature subject to risks and uncertainties. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward- looking statements.

The reasons which could cause actual results and/or financial condition to differ materially from those suggested by such forward-looking statements include but are not limited to those discussed or identified from time-to-time in AFG's filings with the Securities and Exchange Commission, including the annual report on Form 10-K and the quarterly reports on Form 10-Q. We do not promise to update such forward-looking statements to reflect actual results or changes in assumptions or other factors that could affect these statements.

Core net operating earnings is a non-GAAP financial measure which sets aside items that are generally not considered to be part of ongoing operations, such as net realized gains and losses, discontinued operations, as well as other significant items that are not able to be estimated with reasonable precision, or that may not be indicative of ongoing operations. AFG believes that this non-GAAP measure is a useful tool for investors and analysts in analyzing ongoing operating trends of AFG.

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A History Dating Back Nearly 150 Years

We are specialists in providing P&C insurance products that help businesses manage their unique financial risks and exposures.

Approximately 50% of Specialty P&C Group gross written premium is produced by businesses

with "top 10" market rankings

Superior Underwriting

Combined

Talent

Ratio

7.6%

8 years

Points of COR

Consecutive years

outperformance vs.

under 94%

peers over 10 years

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Top Tier Specialty Property & Casualty Insurer

Entrepreneurial Culture, Strategic Alignment of Interests

Market Leading P&C Insurance Specialist

Consistent Investment Outperformance

Superior Capital Management and Strong Balance Sheet

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Our Corporate Values

Our

Foundation

Specialization

Entrepreneurial Spirit

Accountability

Our Priorities

Our

Expectations

Customer Focus

Integrity

Clear & Open

Self-Discipline

Communication

Work / Family Balance

Respect for Others

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Disclaimer

American Financial Group Inc. published this content on 10 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 September 2021 13:21:08 UTC.