| S&P 'A+' Rating assigned to AFG and Great American International Insurance |
American Financial Group, Inc. and Its Insurance Operations Receive Rating Upgrades from S&P
These ratings upgrades reflect Standard & Poor's assessment of the insurance group's strong operating performance, led by the underwriting performance of AFG's P&C segment, which compares favorably with industry-leading peers. Additionally, S&P cited the strong performance of AFG's Annuity and Supplemental Insurance operations in lending diversification to its specialty property and casualty businesses. Strong capital adequacy and appropriate financial leverage and coverage metrics were also noted in supporting these ratings upgrades. David Gamble, General Manager, Great American International Insurance Ltd said, “I am delighted that Great American International Insurance Ltd has received this rating. This represents a very strong vote of confidence in our corporate financial stability, something I am aware is naturally of huge importance to our current and future customers.” About American Financial Group, Inc. American Financial Group is an insurance holding company, based in Cincinnati, Ohio with assets in excess of $30 billion. Through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of traditional fixed, indexed and variable annuities and a variety of supplemental insurance products. |