[Form 4] American Financial Group, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Amy Y. Murray, a director of American Financial Group, Inc. (AFG), reported an insider sale. On 09/03/2025 she disposed of 920 shares of AFG common stock at a reported price of $136.634 per share. After the sale she beneficially owned 2,651 shares directly and 1,200 shares indirectly through a 401(k). The Form 4 was signed by an attorney-in-fact on 09/04/2025.

Positive

• Timely regulatory disclosure of insider transaction under Section 16
• Clear reporting of direct and indirect beneficial ownership amounts

Negative

• Insider sale of 920 AFG shares reported
• Filing lacks context about the reason for the sale or any 10b5-1 plan

Insights

Corporate Governance Expert

TL;DR: Routine disclosure of an insider sale by a company director; appears to be a standard reporting event.

The filing shows a director complying with Section 16 reporting after selling 920 shares. The report includes both direct and indirect holdings and was executed by an attorney-in-fact. There is no additional context in the filing about the reason for the sale or any related plans, and the document contains no information about company performance or material corporate actions.

Securities Analyst

TL;DR: Insider sale reported; transaction details are limited to quantity, price, and resulting holdings.

The Form 4 discloses a sale of 920 shares at $136.634 and the reporter's post-transaction holdings: 2,651 shares direct and 1,200 indirect via a 401(k). The filing does not provide information on the size of the holdings relative to total outstanding shares or any trading plan, so market or valuation impact cannot be assessed from this document alone.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Murray Amy Y

(Last) (First) (Middle)

301 EAST FOURTH STREET

(Street)

CINCINNATI OH 45202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AMERICAN FINANCIAL GROUP INC [ AFG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/03/2025		S		920	D	$136.634	2,651	D
Common Stock								1,200	I	By 401k

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Amy Y. Murray By: Joseph C. Alter, as Attorney-in-Fact	09/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Amy Y. Murray report on Form 4 for AFG?

The Form 4 reports a sale of 920 shares of AFG common stock on 09/03/2025 at a price of $136.634 per share.

How many AFG shares does Amy Y. Murray beneficially own after the reported transaction?

After the transaction she beneficially owns 2,651 shares directly and 1,200 shares indirectly through a 401(k).

What is Amy Y. Murray's relationship to American Financial Group (AFG)?

The filing identifies Amy Y. Murray as a Director of American Financial Group, Inc.

When was the Form 4 signed and by whom?

The Form 4 was signed by Joseph C. Alter as attorney-in-fact for Amy Y. Murray on 09/04/2025.

Does the Form 4 state whether the sale was part of a trading plan?

No. The filing does not indicate that the transaction was made pursuant to a 10b5-1 trading plan or provide any reason for the sale.