EX-99.2

附件99.2美国金融集团投资者补充资料-2022年第二季度美国金融集团公司公司总部大美国保险集团大楼301E Fourth Street辛辛那提，邮编：45202 513 579 6739

American Financial Group, Inc. Table of Contents - Investor Supplement - Second Quarter 2022 Section Page Table of Contents - Investor Supplement - Second Quarter 2022...........................................................................................................................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)................................................................................................................................................1 ..0 .................................................................................................................................................................................................................................................................................................................................................................................................................... Other Specialty - Underwriting Results (GAAP)......................................................................................................................................................1 ..1 .............................................................................................................................................................................................................................................................................................................................................................................................................. Annuity Segment Discontinued Annuity Operations............................................................................................................................................................................1 ..2 ........................................................................................................................................................................................................................................................................................................................................................................................ Consolidated Balance Sheet / Book Value / Debt Consolidated Balance Sheet...................................................................................................................................................................................1 ..3 ..................................................................... Book Value Per Share and Price / Book Summary.................................................................................................................................................1 ..4 ....................................................................................................... Capitalization..........................................................................................................................................................................................................1 ..5 .............................................. Additional Supplemental Information......................................................................................................................................................................1 ..6 .................................................................................. Consolidated Investment Supplement Total Cash and Investments...................................................................................................................................................................................1 ..7 ....................................................................................................................... Net Investment Income From Continuing Operations.............................................................................................................................................1 ..8 ............................................................................................................................................................. Alternative Investments - Continuing Operations....................................................................................................................................................1 ..9 ...................................................................................................................................................... Fixed Maturities - By Security Type - AFG Consolidated........................................................................................................................................2 ..0 .................................................................................................................................................................. Appendix A. Fixed Maturities by Credit Rating & NAIC Designation by Type 6/30/2022.......................................................................................................2 ..1 ................................................................................................................................................................................................... B. Fixed Maturities by Credit Rating & NAIC Designation by Type 12/31/2021.....................................................................................................2 ..2 ..................................................................................................................................................................................................... C. Corporate Securities by Credit Rating & NAIC Designation by Industry 6/30/2022..........................................................................................2 ..3 .............................................................................................................................................................................................................. D. Corporate Securities by Credit Rating & NAIC Designation by Industry 12/31/2021........................................................................................2 ..4 .................................................................................................................................................................................................................. E. Asset-Backed Securities by Credit Rating & NAIC Designation by Collateral Type 6/30/2022.........................................................................2 ..5 ................................................................................................................................................................................................................................. F. Asset-Backed Securities by Credit Rating & NAIC Designation by Collateral Type 12/31/2021.......................................................................2 ..6 ................................................................................................................................................................................................................................... G. Real Estate-Related Investments 6/30/2022.....................................................................................................................................................2 ..7 ..................................................................................................................................................... H. Real Estate-Related Investments 12/31/2021...................................................................................................................................................2 ..8 ....................................................................................................................................................... Page 2

净收益$167$290$355$219$457$1,421持续业务净收益167 290 355 219 2 40 457 507核心净营业净收益243 303 351 231 2 05 546 411总资产28,084 28,762 28,929,942 28,780 28,084 28,780调整后股东权益(A)4,401,948 4,876 5,062396 4,401,396财产及意外伤害净保费 1,516 1,368 1,270 1,729 1，369 2,884 2,574每股摊薄收益$1.96$3.40$4.18$2.56$1 1.70$5.36$16.51持续运营的摊薄每股收益1.96 3.40 4.18 2.56 2.81 5.36 5.90核心净运营每股收益2.85 3.56 4.12 2.71 2.39 6.41 4.78调整后每股账面价值(A)51.68 58.14 57.42 59.70 6每股普通股股息8.5600 2.5600 6.5600 6.5000 14.5000 11.1200 15.0000财务比率年化股本回报率(B)14.3%23.5%28.5%16.6%72.0%19.2%51.2%年化核心营运股本回报率(B)20.7%24.6%28.1%17.6%14.7%23.0%14.8%财产和意外伤害综合比率--专业：损失及保险比率55.4%53.1%56.5%62.4%57.2%54.3% 57.0%承保费用比率30.4%30.9%24.2%26.6%30.7%30.6%31.2%合并比率-专业85.8%84.0%80.7%87.9%84.9%88.2%(A)不包括与固定期限投资有关的未实现收益(亏损)，对《公认会计原则》计量的对账见第14页。(B)不包括累积的其他全面收入。第3页

美国金融集团，截至6/30/22 3/31/22 12/31/21 6/30/22 6/30/22 6/30/21财产和意外伤害保险承保利润$196$207$279$168$152$403$286净投资收益156 223 196 1 43 379 302其他费用(7) (8)10(4)(7)(15)(12)财产和意外伤害保险运营收益345 422485 329 2 88 767 576房地产实体和其他从年金获得的---2 2-50母控股公司利息支出(23)(23)(23)(24)(23)(46) (47)其他支出(14)(21)(24)(21)(35)(35)(69)税前核心运营收益308 378 438 284 2 52 686 510所得税支出65 75 87 53 4 140 99核心净运营收益243 303 351 231 2 05 546 411非核心项目，税后净额：已实现证券收益(亏损)(73)(12)4(12)3 4(85)95特别A&E费用：--财产和意外伤害保险分项业务---前铁路和制造业务---霓虹灯退出线路---3-3其他非核心项目(3)(1)--(2)(4)(2)持续业务净收益$167$290$355$219$240$457$507终止年金业务---7 62-914净收益$167$290$355$219$1,002$457$1,421第4页

美国金融集团每股收益摘要(单位：百万，不包括每股信息)截至6/30/22 3/31/22 12/31/21 9/30/21 6/30/21 6/30/22 6/30/21核心净运营收益$243$303$351$231$205$5 46$4 11持续运营净收益$167$290$ 355$219$240$4 57$5 07净收益$167$290$355$219$1,002$457$1，摊薄平均股数-核心股数85.339 85.240 85.162 85.171 85.618 8 5.290 8 6.096摊薄股数-净85.339 85.240 85.162 85.171 85.618 8 5.290 8 6.096摊薄每股收益：每股核心净营业收益$2.85$3.56$4.12$2.71$2.39$6.41$4.78证券已实现收益(亏损)(0.14))0.06(0.15)0.40(1.00)1.10特别A&E费用：财产和意外伤害保险分流业务---前铁路和制造业务---Neon退出线路---0.04-0.04其他非核心项目(0.03)(0.02)--(0.02)(0.05)(0.02)稀释后每股收益，持续业务$1.96$3.40$4.18$2.56$2.81$5.36$5.90非连续性年金业务---8.89-1 0.61稀释后每股收益$1.96$3.40$4.18$2.56$11.70$5.36$1 6.51第5页

美国金融集团，财产和意外伤害保险公司-摘要承保业绩(GAAP)(以百万美元为单位)截至6/30/22 3/31/22 12/31 9/30/21 6/30/21 6/30/22 6/30/21财产和运输$3 9$6 2$1 16$4 5$62$101$118特殊意外伤害1 30 1 24 1 40 1 10 71 254 127特殊财务3 7 2 2 4 2 6 21 66 46其他特殊意外伤害(9)(7)1(12)(1)(16)(4)承保利润-专业1 97 2 08 2 81 1 69 153 405 287其他核心费用，包括在亏损和LAE(1)(1)(2)(1)(1)(2)(1)承保利润-核心1 96 2 07 2 79 1 68 152 403 286特别A&E费用中，包括在损失和LAE中---霓虹灯退出线路-承保利润-财产和意外伤害保险$1 96$2 07$2 79$1 68$152$403$286 包含在上述结果中：当前事故年份新冠肺炎相关损失$-$-$2$3$2$-$11当前事故年巨灾损失：巨灾恢复保费$-$-$-$1$-$12巨灾损失2 2 9 2 53 1 10 31 30 当前事故年巨灾损失总额$2 2$9$2 5$3 1$11$31$42前一年损失准备金发展(有利)/不利$(85)$(88)$(71)$(82)$(67)$(173)$(126)综合比率：财产和运输92.4%85.8% 80.5%93.5%86.6%89.3%86.1%特殊伤亡80.1%80.6%78.0%82.0%87.9%80.4%89.0%专业财务78.4%82.0%85.5%84.2%86.4%80.1%85.4%其他专业114.6%112.9%98.0%122.5%103.2%113.8%103.9%组合比率-专业8 5.8%8 4.0%8 0.7%8 9.0%87.9%84.9%88.2%其他核心费用0.2%0.1%0.1%0.0%0.1%0.0%霓虹灯退出线路收费0.0%0.0%0.0%0.0%0.0%0.0%0.0%特别A&E费用0.0%0.0%0.0%0.0%0.0%合并比率8 6.0%8 4.1%8 0.8%8 9.0%87.9%85.0%88.2%P&C合并比率(不包括)新冠肺炎相关亏损, 巨灾损失和上一年损失准备金发展90.5%90.1%83.8%92.3%92.2%90.2%91.7%损失和LAE组成部分-财产和意外伤害保险本事故年度，不包括新冠肺炎相关和巨灾损失60.1%59.2%59.6%65.7%61.5%59.6%60.5%新冠肺炎相关损失0.0%0.0%0.2%0.1%0.2%0.0%0.5%当前事故年巨灾损失1.6%0.7%1.8%2.0%0.9%1.2%1.3% 上一事故年损失准备金发展(6.1%)(6.7%)(5.0%)(5.4%)(6.4%)(5.3%)损失和LAE比率5 5.6%53.2%56.6%6 2.4%57.2%54.4%57.0%第6页

美国金融集团公司专业承保业绩(GAAP) (百万美元)截至6/30/22 3/31/22 12/31/21 9/30/21 6/30/21 6/30/22 6/30/21毛保费$2,123$1,936$1,737$2,656$1,937$4,059$3,553放弃再保险费(607)(568)(467)(927)(568) (1，净保费1,5161,368 1,270 1,729 1,3692,884 2,574未赚取保费变动(123)(66)182(200)(119)(189)(151)净赚得保费1,393 1,3021,4521,529 1,250 2,695 2,423亏损及LAE 773 692 820 953 7131,465 1，380承保费用423 402 351 407 384 825 756承保利润$197$208$281$169$153$405$287以上结果包括：本事故年新冠肺炎相关损失$-$-$2$3$2-$11本事故年巨灾损失：巨灾恢复保费$-$-$-$1-$12巨灾损失22 9 25 31 10 31 30本年度巨灾损失$22$9$25$31$11$31$42前一年损失准备金发展(有利) /逆差$(86)$(89)$(73)$(83)$(68)$(175)$(127)合并比率：亏损与资产负债比率5 5.4%53.1%5 6.5%62.4%57.2%54.3%57.0%承保费用比率30.4%30.9%24.2%26.6%30.7%30.6%31.2%合并比率8 5.8%8 4.0%8 0.7%8 9.0%87.9%84.9%88.2%专业合并比率(不包括)新冠肺炎相关损失、巨灾损失和上年损失准备金发展90.5%90.1%8 3.7%9 2.3%92.2%90.2%91.7%损失和LAE组成部分：当前事故年份, 不包括新冠肺炎相关损失和巨灾损失60.1%59.2%59.5%65.7%61.5%59.6%60.5%新冠肺炎相关损失0.0%0.0%0.2%0.1%0.2%0.0%当前事故年巨灾损失1.6%0.7%1.8%2.0%0.9%1.2%1.3%以前事故年损失准备金(6.3%)(6.8%)(5.0%)(5.4%)(5.4%)(6.5%)(5.3%)损失和LAE比率5 5.4%53.1%56.5%62.4%57.2%54.3%57.0%第7页

美国金融集团财产和运输公司- 承保业绩(以百万美元为单位)截至6/30/22 3/31/22 12/31/21 9/30/21 6/30/21 6/30/22 6/30/21毛保费$962$760$558$1,334$851$1,722$1,371放弃再保险保费(330)(259) (141)(561)(287)(589)(404)净保费632 501 773 564133 9 67未赚取保费变动(127)(58)180(73)(111)(185)(120)净赚取保费505 443 597 700 453 948 847亏损及LAE 327 256 394 516 263 583 484 承保费用139 125 87 139 128 2 64 2 45承保利润$39$62$116$45$62$101$118以上结果包括：本意外年新冠肺炎相关亏损$-$-$-$-$--本意外年巨灾损失：巨灾恢复保费$-$-$-$1$-$9巨灾损失19 6 15 14 6 2 5 2 0当前事故年巨灾损失总额$19$6$15$14$7$25$29前一年损失准备金发展(有利)/不利$ (30)$(34)$(2)$(18)$(40)$(64)$(83)综合比率：损失和LAE比率64.7%57.7%66.0%73.7%58.2%6 1.4%57.1%承保费用比率27.7%28.1%14.5%19.8%28.4%2 7.9%2 9.0%合并比率92.4%85.8%80.5%93.5%86.6%8 9.3% 8 6.1%合并比率除外。新冠肺炎相关损失、巨灾损失和上年损失准备金发展94.6%92.1%78.4%94.0%94.0%93.4%93.5%损失和LAE组成部分：当前事故年份, 不包括新冠肺炎相关损失和巨灾损失新冠肺炎相关损失66.9%64.0%63.9%74.2%65.6%65.5%64.5%新冠肺炎相关损失0.0%0.0%0.0%当前事故年巨灾损失3.8%1.5%2.5%2.0%1.4%2.7%2.4%之前事故年损失准备金发展(6.0%)(7.8%) (0.4%)(2.5%)(8.8%)(6.8%)(9.8%)损失和LAE比率64.7%57.7%66.0%73.7%58.2%6 1.4%57.1%第8页

美国金融集团，截至6/30/22 3/31/22 12/31/21 9/30/21 6/30/21 6/30/22 6/30/21毛保费$948$976$968$1,121$897$1,924$1,801再保险保费(302)(326)(340)(389)(305) (628)(621)净保费646 650 628 732 1,296 1,180变化未赚取保费11(11)8(119)(4)-(21)赚取保费净额657 639 636 613 588 1,296 1,159亏损及LAE 354 344 340 335 363 698 724承保费用173 171 156 168 154 344 308承保利润$130$124$140$110$71$254$127以上结果包括：本意外年新冠肺炎相关亏损--1 1-$-$7本意外年巨灾损失：巨灾恢复保费$-$ -$-$--$1巨灾损失-1 3 3 2 1 3当前事故年巨灾损失总额$-$1$3$3$2$1$4前一年损失准备金发展(有利)/不利$(49)$(55)$(56)$(20)$(98)$(29)综合比率：损失和LAE比率53.9%53.8%53.5%54.6%6 1.9%53.9%62.5%承保费用比率26.26.8%24.5%27.4%2 6.0%26.5%26.5%合并比率80.1%80.6%78.0%82.0%87.9%80.4%89.0%合并比率除外。新冠肺炎相关损失，巨灾损失，上年损失准备金发展87.5%881%85.8%90.6%90.9%87.9%90.6%损失及LAE成分：当前事故年，不包括新冠肺炎相关损失和巨灾损失61.3%61.3%61.3%63.2%6 4.9%61.4%64.1% 新冠肺炎相关损失0.0%0.0%0.2%0.1%0.1%0.0%0.6%本事故年巨灾损失0.1%0.1%0.6%0.4%0.3%0.1%0.1%0.4%0.3%之前事故年损失准备金发展(7.5%)(7.6%)(8.6%)(9.1%)(3.4%)(7.6%)(2.5%)损失和LAE 比率53.9%53.8%53.5%54.6%61.9%53.9%62.5%第9页

美国金融集团，截至6/30/22 3/31/21 9/30/21 6/30/21 6/30/22 6/30/21毛保费$2 13$2 00$2 11$2 01$189$413$381(36)(41)(38)(36)(30)(77)(61)净保费1 77 1 591 73 1 65 159 336 320未赚取保费变动(6)4(8)(2)(2)(2)(6)(6)净赚取保费1 71 1 63 1 65 1 63 157 334 314亏损及资产负债表4 4 8 5 5 5 6 52 92 105承保开支9 0 8 6 8 8 8 1 84 176 163承保利润$3 7$2 9$2 4$2 6$21$66$46以上结果包括：当年意外年份新冠肺炎相关亏损$-$-$1$2$2$-$4当前事故年巨灾损失：巨灾恢复保费$-$-$ -$-$-$2巨灾损失3 2 6 1 4 2 5 6当前事故年巨灾损失总额$3$2$6$1 4$2$5$8上一年损失准备金发展(有利)/不利$(15)$(13)$(13)$(18)$(12)$(28)$(20)综合比率：损失与LAE比率25.7%29.4%31.7%34.2%33.0%27.5%33.5%承保费用比率52.7%52.6%53.8%50.0%53.4%52.6%51.9%合并比率78.4%82.0%85.5%84.2%86.4%80.1%85.4%合并比率除外。新冠肺炎相关损失，巨灾损失，上年损失准备金发展85.7%88.9%89.3%86.3%90.6%87.2%88.3%损失及LAE成分：当前事故年，不包括新冠肺炎相关损失和巨灾损失33.0%36.3%35.5%36.3%37.2%34.6%36.4% 新冠肺炎相关损失0.0%0.0%0.7%0.9%1.3%0.0%1.4%当前事故年巨灾损失1.5%1.2%3.7%8.2%1.8%1.4%2.0%上一事故年损失准备金发展(8.8%)(8.1%)(8.2%)(11.2%)(7.3%)(8.5%)(6.3%)损失和LAE 比率25.7%29.4%31.7%34.2%33.0%2 7.5%33.5%第10页

美国金融集团，截至6/30/22 3/31/22 12/31/21 9/30/21 6/30/21 6/30/22 6/30/21毛保费$-$-$-$-$-$-再保险费61 58 52 59 54 119 107净保费61 58 52 59 54 119 107未赚取保费变化(1)(1)2(6)(2)(2)(4)净赚取保费60 57 54 53 52 117 103亏损及LAE 48 44 34 46 35 92 67承保费用21 20 19 18 41 40承保利润(亏损)$(9)$(7)$1$(12)$(1)$(16)$ (4)以上结果包括：当年新冠肺炎相关亏损$-$-$-$-$-$-当前事故年巨灾损失：巨灾恢复保费$-$-$-$-$-$-巨灾损失--1---1总计本事故年巨灾损失$-$-$1$-$-$1前一年损失准备金发展(有利)/不利$8$7$(3)$9$4$15$5综合比率：损失和资产负债比率79.6%77.1%61.7%87.8%67.5%78.4%64.9%承保费用比率35.0%35.8%36.3%34.7%35.7%35.4%39.0%合并比率114.6%112.9%98.0%122.5%103.2%113.8%103.9%合并比率除外。新冠肺炎相关损失、巨灾损失和上年损失准备金发展101.5%99.9%100.4% 105.4%96.7%100.7%98.5%第11页

美国金融集团终止年金业务(以百万美元为单位)截至3个月(A)截至6/30/22 3/31/22 12/31/21 9/30/21 6/30/21 6/30/22 6/30/21历史上报告为核心运营的税前年金(A)$-$-$-$129$-$295公平价值的影响，再保险会计& 解锁---(55)-(33)年金分项的已实现收益(亏损)---112流出寿命和长期护理---出售给大众互助的业务的税前收益$-$-$-$-$105-$-$374包括在持续运营中的金额---(22)-(50)非持续运营的税前结果，不包括非连续性业务的销售收益$-$-$-$-$83-$324税---(18)-(66)非连续性业务的净收益，不包括出售非连续性业务的收益$-$-$-$65$-$258---697-656非连续性业务的净收益(亏损)$-$-$-$-$762-$914(A)AFG于2021年5月28日完成了其年金业务的出售。截至21年6月30日的3个月和截至21年6月30日的6个月的金额仅包括截至销售日期的收益。第12页

美国金融集团合并资产负债表(美元)6/30/22 3/31/22 12/31/21 9/30/21 6/30/21 3/31/21资产：现金和投资总额$14,268$15,601$15,745$16,387$16,125$13,900应从再保险公司收回3,567 3,4783,5193,5233,330 3,231预付再保险保费1,006 933 834 1,028 8 65 755应收代理人余额和保费1,623 1,391,3912651,492 1,423 1,209延期保单收购成本293 271 267 262 2 58 244管理投资实体的资产5,218 5,231 5,2965,130 5,086 5,102其他应收账款740 645 857 1,097 6 82 576非连续性年金业务的资产---48,139其他资产1,123 966 902 847 8 35 865商誉246 246 246 176 1 76 176总资产$28,084$28,762$28,931$29,942$28,780$74，197 负债和权益：未付亏损和亏损调整费用$11,201$10,986$11,074$10,991$10,498$10,384应付给再保险公司的未赚取保费3,397 3,206 3,041 3,415 3,054 2,821管理的投资实体的负债5,133 5,112 5,220 5,034 5,029 5,045长期债务1,542 1,917 1,964 1,963 1,963 1,963 1,963---44,893总负债$ 24,017$23,927$23,919$24,702$23,179$67,512股东权益：普通股$85$85$85$85$85资本盈余1,3511,340 1,330 1,3151,3031,279留存收益2,979 3,541 3,478 3,680 4,023 4，354未实现收益-固定到期日(326)(109)136 178 2 05 963与固定到期日相关的现金流对冲(8)(4)---27其他全面收益，除税后净额(14)(18)(17)(18)(15)(23)股东权益总额4,067 4,835 5,012 5,240 5,601 6,685负债和权益总额$28,084美元28,762美元28,931美元29,942美元28,780美元74，197第13页

美国金融集团每股账面价值和账面价格/账面价格摘要(单位：百万，不包括每股信息)6/30/22 3/31/22 12/31/21 9/30/21 6/30/21 3/31/21股东权益$4,067$4,835$5,012$5,240$5,601$6,685与固定到期日有关的未实现(收益)亏损334 113(136)(178) (205)(990)调整后股东权益4,401 4,948 4,876 5,062 5,396 5695持续和非持续经营的商誉(246)(246)(176)(176)(207)无形资产(101)(104)(106)(29)(30)(31)$4,054$4,598$4,524$ 4,857$5,190$5，有形调整股东权益已发行普通股85.154 85.103 84.921 84.795 84.714 8 5.126每股账面价值：每股账面价值$47.76$56.81$59.02$61.80$66.12$7 8.53调整后(A)51.68 58.14 57.42 59.70 63.70 6 6.89(B)47.60 54.02 53.26 57.28 61.27 6 4.10 AFG的收盘普通股价格$138.81$145.62$137.32$125.83$124.72$1 14.10市值$11,820$12,393$11,661$ 10,670$10,566$9,713价格/调整后账面价值比率2.69 2.50 2.39 2.11 1.96 1.71(A)不包括与固定期限投资有关的未实现收益(亏损)。(B)不包括与固定期限投资、商誉和无形资产有关的未实现收益(亏损)。第14页

美国金融集团资本(百万美元)6/30/22 3/31/22 12/31/21 9/30/21 6/30/21 3/31/21 AFG优先债务$893$1,270$1,318$1,318$1,318$1，318---在信贷安排债务项下提取的借款(不包括次级债务)$893$1,270$1,318$1,318$1,318 AFG 次级债券675 675 675 6 75长期债务本金总额$1,568$1,945$1,993$1,993$1,993$1,993股东权益4,067 4,835 5,012 5,240 5,6016,685以下：334 113(136)(178)(205)(990)(收益)与固定期限投资有关的未实现亏损$5,969$6,893$7,0389美元688债务与调整后资本总额的比率：包括次级债务26.3%28.2%29.0%28.2%27.0%25.9%不包括次级债务15.0%18.4%19.2%18.7%17.8%7.1%第15页

美国金融集团，截至6/30/22 3/31/21 6/30/21 6/30/22 6/30/22 6/30/21财产和意外保险$678$714$758$678$667$1,392$1,341已支付损失(GAAP)6/30/22 3/31/22 12/31/21 9/30/21 6/30/21(不包括AOCI)$5,399$5,375$5,228$4,934$4,779$4,571年金---3,012(984)(409)(335)146 6 32(1,865)母公司和其他子公司$4,415$4,966$4,893$5,080$5,411 $5,718 AFG GAAP股本(不包括AOCI)未经监管部门批准的允许股息财产和意外伤害保险$843$843$843$416$416$416--2 89年金和期末报告$843$843$416$705合计第16页 16

美国金融集团，Inc.总现金和投资($in 百万)账面价值-6月30日，2022财产和意外伤害母公司和合并总额AFG投资保险其他CLO合并投资组合现金和投资总额：现金和现金等价物$744$2 23$-$967 7%固定到期日-可供出售9,308 4 85-9,793 69%固定到期日-交易29--29 0%股权证券-普通股527 42-5694%股权证券-永久优先股460-460 3%使用股权方法的投资占1,626-1,626 11%抵押贷款692-692 5%房地产和其他投资9 3(85)132 1%现金及投资总额$13,510$8 43$(85)$14,268 100%账面价值-12月31日2021年财产和意外伤害母公司和合并AFG投资保险其他CLO合并投资组合总现金和投资：现金和现金等价物$1,529$6 02$-$2,131 13%固定到期日-可供出售9,163 1固定到期日--194-10,357 66%交易28--28 0%股权证券-普通股500 8 6-586 4%股权证券-永久优先股456--4563%使用权益法计算的投资1,517--1,517 10%抵押贷款520--5203%房地产和其他投资123 1 03(76)150 1%现金和投资总额$13,836$1,985$(76)$15,745 100%第17页

美国金融集团，公司持续经营的净投资收入(以百万美元为单位)截至6/30/22 3/31/22 12/31/21 9/30/21 6/30/21 6/30/22 6/30/21财险公司：总投资收益固定到期日-可供出售$8 1$7 6$6 8$7 0$70$1 57$1 42固定到期日-交易1-1-1-1-股票证券-股息7 7 8 6 6 1 4证券-MTM(2)8 1 4 6 5 6 2 8被投资人的股权7 6 1 33 9 9 7 3 51 2 09 1 00 AFG管理的CLO(12)(2)3 57 7(14)1 2其他投资(A)9 5 8 8 6 1 1 0总投资收益1 60 2 27 2 00 1 69 145 3 87 3 06投资支出(4)(4)(4)(4)(2)(8)(4)(4)总投资收益$1 56$2 23$1 96$1 65$143$3 79$3 02平均现金和投资(B) $13,983$13,858$13,552$13,194$12,630$13,878$12,539 4.46%6.44%5.79%5.00%4.53%5.46%4.82%平均收益率(C)AFG综合净投资收益：财产与意外伤害核心$1 56$2 23$1 96$1 65$143$3 79$3 02 Neon 退出非核心领域--被投资方股权(D)---20-4 9其他投资(D)---2-2母公司和其他-5 1 6 9 6 5 1 1合并CLO 1 2 2(3)(5)(7)1 4(12)总投资净收入$1 68$2 30$2 09$1 69 $164$3 98$3 52(A)包括抵押贷款收入，房地产、短期投资和现金等价物。(B)平均现金和投资是指季度初和期末余额的平均值，或五个季度余额的平均值。(C)平均收益率的计算方法是将该季度的投资收入除以该季度的平均现金和投资余额。(D)AFG通过出售年金业务保留的与房地产相关的资产的投资收入。第18页

美国金融集团，另类投资-持续经营(以百万美元为单位)截至6/30/22 3/31/22 12/31/21 9/30/21 6/30/21 6/30/22 6/30/21财险公司：通过投资收益计算的净投资收益股权证券MTM(A)$(2)$8$1 4$6$ 5$6$28 8投资使用权益法核算(B)7 6 1 33 9 9 7 5 1 09 1 00 AFG托管CLO(在合并中被剔除)(12)(2)3 57(14)1 2财产及意外伤害保险总额$6 2$1 39$1 16$8 4$6 3$2 01$1 40 通过投资收益进行的股权证券MTM投资(A)$2 76$2 61$2 34$1 95$172$2 76$1 72投资采用权益法(B)1，626 1,6191,5171,4071,3781,626 1,378 AFG管理的CLO(在合并中取消)8 5 1 19 7 6 6 6 5 7 8 5 5 7财产和意外伤害合计$1,987$1,999$1,827$1,698$1,607$1,987$1，607年化回报-财产和意外伤害1 2.4%2 9.1%2 6.3%2 0.3%22.9%20.7%26.3%持续经营：净投资收入(Br)投资收益(A)$(2)$8$1 4$6$5$6$2 8投资使用权益法核算(B)(C)7 6 1 33 9 9 7 3 7 1 2 09 1 49 AFG管理的CLO(合并中剔除)(12)(2)3{Br}5 7(14)1 2持续经营业务总额$6 2$1 39$1 16$8 4$83$2 01$1 89通过投资收益计算的股权证券MTM(A)$2 76$2 61$2 34$1 95$172$2 76$1 72投资采用权益法核算 (B)1，626 1,6191,5171,4071,3781,626 1,378 AFG管理的CLO(在合并中被取消)8 5 1 19 7 6 9 6 5 7 8 5 5 7持续运营总额$1,987$1,999$1,827$1,698$1,607$1,987$1, 607年化回报-持续经营1 2.4%2 9.1%2 6.3%2 0.3%21.1%20.7%24.8%(A)AFG持有之前归类为有限合伙企业的交易和投资以及类似投资的一小部分股权证券，这些证券未按公允价值通过净投资收入计入权益法。(B)AFG的大部分投资采用权益法，其标的资产通过净收入按市价计价。(C)包括AFG从出售年金业务中保留的与房地产有关的合伙企业的投资收入。第19页

固定到期日-按证券类型划分-AFG合并(以百万美元为单位)%投资未实现%2022年6月30日账面价值(C)公允价值收益(亏损)公允价值投资组合美国政府和政府机构$226$216$(10)2%2%各州、市政当局和政治部门1,440 1,402(38)14%9%外国政府283 272(11)3%2%住宅抵押贷款支持证券1,6451，555(90)1 6%1 1%商业抵押贷款支持证券94 92(2)1%1%抵押贷款债券1,648 1,607 (41)1 6%1 1%其他资产支持证券2,377 2,258(119)2 3%1 6%公司和其他债券2,522 2,420(102)25%17%AFG合并总额10,235美元9，822美元(413)100%69%可供出售固定到期日的年化收益率：不包括投资费用(A)3.14%扣除投资费用(A)2.99%税额，扣除投资费用(B)3.10%近似平均寿命和持续期：大约平均寿命4.0年大约持续时间3.0年投资未实现% 账面价值(C)公允价值收益(损失)公允价值投资组合美国政府和政府机构$216$216$-2%1%州、市和政治分区1,7581，832 74 1 8%1 2%外国政府 273 271(2)2%2%住宅抵押贷款支持证券915 960 459%6%商业抵押贷款支持证券102 104 21%1%抵押贷款支持证券1,642 1,643 1 16%1 0%其他资产支持证券2,670 2,676 6 26%1.7% 公司债券和其他债券2,636 2,683 47 26%17%AFG合并总额10,212美元10，385$173 100%66%可供出售的年化收益率固定到期日：不包括投资费用(A)2.84%扣除投资费用(A)2.74%税等值, 扣除投资费用后的净额(B)2.86%近似平均寿命和持续期：近似平均寿命3.5年近似持续期2年(A)年化收益率的计算方法是该季度的投资收入除以该季度的平均成本。平均成本是指本季度的期初和期末资产余额的平均值。(B)将免税债券的收益率调整为完全应税的等值收益率。(C)账面价值是摊销成本扣除预期信贷损失准备后的净额。第20页

Appendix A American Financial Group, Inc. Fixed Maturities by Credit Rating & NAIC Designation by Type 6/30/2022 ($ 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 $ 216 $ 543 $ 238 $ 1,258 $ 63 $ 1,413 $ 919 $ 39 $ 4,689 48% AA - 795 10 6 17 134 373 156 1,491 15% A - 52 5 64 6 49 443 550 1,169 12% BBB - 8 9 2 3 8 396 1,150 1,576 16% Subtotal - Investment grade 216 1,398 262 1,330 89 1,604 2,131 1,895 8,925 91% BB - - - 9 3 - 7 169 188 2% B - - - 8 - - 4 31 43 1% CCC, CC, C - - - 117 - - 2 3 122 1% D - - - 15 - - - - 15 0% Subtotal - Non-Investment grade - - - 149 3 - 13 203 368 4% Not Rated (b) - 4 10 76 - 3 114 322 529 5% Total $ 216 $ 1,402 $ 272 $ 1,555 $ 92 $ 1,607 $ 2,258 $ 2,420 $ 9,822 100% Fair Value by type NAIC designation US Gov Munis Frgn gov RMBS CMBS CLOs ABS Corp/Oth Total % Total 1 $ 216 $ 1,394 $ 230 $ 1,473 $ 89 $ 1,353 $ 1,730 $ 931 $ 7,416 81% 2 - 8 - 1 - - 396 1,180 1,585 17% Subtotal 216 1,402 230 1,474 89 1,353 2,126 2,111 9,001 98% 3 - - - 1 3 - 7 183 194 2% 4 - - - 2 - - 5 17 24 0% 5 - - - 4 - - 7 23 34 0% 6 - - - 1 - - - - 1 0% Subtotal - - - 8 3 - 19 223 253 2% Total insurance companies $ 216 $ 1,402 $ 230 $ 1,482 $ 92 $ 1,353 $ 2,145 $ 2,334 $ 9,254 100% Total non-insurance (c) - - 42 73 - 254 113 86 568 Total $ 216 $ 1,402 $ 272 $ 1,555 $ 92 $ 1,607 $ 2,258 $ 2,420 $ 9,822 (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, 95% are NAIC 1 and 0% are held by non-insurance companies. For Corp/Oth, 58% are NAIC 1, 9% NAIC 2 and 26% are held by non-insurance companies. For Total, 70% are NAIC 1, 5% NAIC 2 and 17% are held by non-insurance companies. (c) 76% are investment grade rated. Page 21

Appendix B American Financial Group, Inc. Fixed Maturities by Credit Rating & NAIC Designation by Type 12/31/2021 ($ 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 $ 216 $ 745 $ 260 $ 654 $ 73 $ 1,428 $ 1,330 $ 50 $ 4,756 46% AA - 1,010 - 7 15 149 420 179 1,780 17% A - 60 - 19 1 56 416 675 1,227 12% BBB - 9 1 4 12 9 274 1,062 1,371 13% Subtotal - Investment grade 216 1,824 261 684 101 1,642 2,440 1,966 9,134 88% BB - - - 11 3 - 4 144 162 2% B - - - 14 - - 9 14 37 0% CCC, CC, C - - - 138 - - - 7 145 1% D - - - 19 - - - - 19 0% Subtotal - Non-Investment grade - - - 182 3 - 13 165 363 3% Not Rated (b) - 8 10 94 - 1 223 5 52 888 9% Total $ 216 $ 1,832 $ 271 $ 960 $ 104 $ 1,643 $ 2,676 $ 2,683 $ 10,385 100% Fair Value by type NAIC designation US Gov Munis Frgn gov RMBS CMBS CLOs ABS Corp/Oth Total % Total 1 $ 216 $ 1,822 $ 246 $ 892 $ 101 $ 1,172 $ 1,935 $ 1,157 $ 7,541 83% 2 - 9 - 3 - 9 274 1,082 1,377 15% Subtotal 216 1,831 246 895 101 1,181 2,209 2,239 8,918 98% 3 - - - 3 3 - 4 146 156 2% 4 - - - 1 - - 9 20 30 0% 5 - - - 8 - 1 2 29 40 0% 6 - - - 1 - - - - 1 0% Subtotal - - - 13 3 1 15 195 227 2% Total insurance companies $ 216 $ 1,831 $ 246 $ 908 $ 104 $ 1,182 $ 2,224 $ 2,434 $ 9,145 100% Total non-insurance (c) - 1 25 52 - 461 452 249 1,240 Total $ 216 $ 1,832 $ 271 $ 960 $ 104 $ 1,643 $ 2,676 $ 2,683 $ 10,385 (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 12% are held by non-insurance companies. For Corp/Oth, 47% are NAIC 1, 4% NAIC 2 and 44% are held by non-insurance companies. For Total, 61% are NAIC 1, 3% NAIC 2 and 31% are held by non-insurance companies. (c) 75% are investment grade rated. Page 22

Appendix C American Financial Group, Inc. Corporate Securities by Credit Rating & NAIC Designation by Industry 6/30/2022 ($ in millions) Fair Value By Industry Asset Other Capital Managers Financials Banking Technology Consumer Insurance REITs Autos Goods Energy Healthcare Communications Other Total % Total Credit Rating (a) Investment Grade AAA $ - $ - $ - $ 2 1 $ 8 $ - $ - $ - $ - $ - $ - $ 9 $ 1 $ 3 9 2% AA - 1 2 - 3 2 4 8 3 1 - - - 2 0 1 1 - 2 1 56 6% A 4 6 8 0 3 5 4 9 2 6 8 7 5 3 4 1 4 9 1 5 1 4 1 2 4 3 5 50 23% BBB 3 77 1 00 2 13 9 2 5 4 2 9 7 0 2 3 1 8 1 1 1 0 2 5 1 28 1,150 48% Subtotal 4 23 1 92 2 48 1 94 1 36 1 47 1 23 6 4 6 7 4 6 3 5 4 6 1 74 1 ,895 79% BB 1 3 1 - 1 6 3 9 4 2 1 1 2 7 3 - 7 1 1 69 7% B - 1 - 1 1 5 1 - 4 - - 3 - 6 3 1 1% CCC, CC, C - - - - 2 - - - - - 1 - - 3 0% D - - - - - - - - - - - - - - 0% Subtotal 1 3 2 - 2 7 4 6 5 2 1 5 2 7 7 - 7 7 2 03 8% Not Rated (b) 1 4 2 41 - 9 1 5 8 7 - 2 - 5 - 2 1 3 22 13% Total $ 4 50 $ 4 35 $ 2 48 $ 2 30 $ 1 97 $ 1 60 $ 1 32 $ 7 9 $ 7 1 $ 5 3 $ 4 7 $ 4 6 $ 2 72 $ 2,420 100% Fair Value By Industry Asset Other Capital NAIC designation Managers Financials Banking Technology Consumer Insurance REITs Autos Goods Energy Healthcare Communications Other Total % Total 1 $ 5 1 $ 257 $ 3 5 $ 102 $ 8 6 $ 118 $ 5 3 $ 4 1 $ 4 9 $ 3 5 $ 2 6 $ 2 1 $ 5 7 $ 931 40% 2 386 1 01 2 13 9 2 6 0 3 0 7 7 2 3 2 0 1 1 1 0 2 5 1 32 1,180 51% Subtotal 4 37 3 58 2 48 1 94 1 46 1 48 1 30 64 6 9 4 6 3 6 4 6 1 89 2 ,111 91% 3 1 3 2 - 2 9 4 0 3 2 1 1 2 7 4 - 7 0 1 83 7% 4 - - - 4 4 1 - 4 - - 3 - 1 1 7 1% 5 - - - 3 7 - - - - - 4 - 9 2 3 1% 6 - - - - - - - - - - - - - - 0% Subtotal 1 3 2 - 3 6 5 1 4 2 1 5 2 7 1 1 - 8 0 2 23 9% Total insurance companies $ 4 50 $ 3 60 $ 2 48 $ 2 30 $ 1 97 $ 1 52 $ 1 32 $ 7 9 $ 7 1 $ 5 3 $ 4 7 $ 4 6 $ 2 69 $ 2,334 100% Total non-insurance - 7 5 - - - 8 - - - - - - 3 8 6 Total $ 4 50 $ 4 35 $ 2 48 $ 2 30 $ 1 97 $ 1 60 $ 1 32 $ 7 9 $ 7 1 $ 5 3 $ 4 7 $ 4 6 $ 2 72 $ 2,420 (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 Other Financials, 69% are NAIC 1 and 31% are held by non-insurance companies. For the Total, 58% are NAIC 1, 9% NAIC 2 and 26% are held by non-insurance companies. Page 23

Appendix D American Financial Group, Inc. Corporate Securities by Credit Rating & NAIC Designation by Industry 12/31/2021 ($ in millions) Fair Value By Industry Other Asset Capital Financials Managers Banking Technology Insurance Autos Consumer REITs Energy Healthcare Communications Goods Other Total % Total Credit Rating (a) Investment Grade AAA $ - $ - $ - $ 1 6 $ - $ - $ 9 $ - $ - $ 1 0 $ 13 $ - $ 2 $ 5 0 2% AA 1 3 - 2 7 4 7 3 5 - 1 7 - 3 5 2 - - 3 1 79 7% A 1 04 3 7 9 0 2 6 1 16 5 5 4 4 5 7 2 1 2 2 23 4 6 3 4 6 75 25% BBB 1 02 3 19 2 04 7 5 1 7 8 8 2 2 6 3 3 0 3 9 32 1 2 5 9 1 ,062 39% Subtotal 2 19 3 56 3 21 1 64 1 68 1 43 9 2 1 20 8 6 7 3 68 5 8 9 8 1 ,966 73% BB 4 5 - 3 5 3 1 1 4 4 - 9 9 - 2 2 2 1 44 5% B - - - 3 - 4 5 - - 2 - - - 1 4 1% CCC, CC, C - - - - - - 2 - - - - - 5 7 0% D - - - - - - - - - - - - - - 0% Subtotal 4 5 - 3 8 3 1 5 5 1 - 9 1 1 - 2 2 7 1 65 6% Not Rated (b) 4 83 1 0 - - 1 0 - 1 5 6 - 6 - 2 2 0 5 52 21% Total $ 7 06 $ 3 71 $ 3 21 $ 2 02 $ 1 81 $ 1 58 $ 1 58 $ 1 26 $ 9 5 $ 9 0 $ 68 $ 6 2 $ 1 45 $ 2,683 100% Fair Value By Industry Other Asset Capital NAIC designation Financials Managers Banking Technology Insurance Autos Consumer REITs Energy Healthcare Communications Goods Other Total % Total 1 $ 356 $ 3 7 $ 118 $ 8 8 $ 151 $ 5 5 $ 7 3 $ 5 7 $ 5 6 $ 3 5 $ 36 $ 4 6 $ 4 9 $ 1,157 48% 2 1 03 3 29 2 03 7 5 1 7 8 8 2 7 6 3 3 0 3 9 3 2 1 4 6 2 1,082 44% Subtotal 4 59 3 66 3 21 1 63 1 68 1 43 1 00 1 20 86 7 4 68 6 0 1 11 2 ,239 92% 3 4 5 - 3 3 3 1 1 4 4 6 9 8 - 2 2 1 1 46 6% 4 4 - - 3 1 4 5 - - 3 - - - 2 0 1% 5 3 - - 3 - - 9 - - 5 - - 9 2 9 1% 6 - - - - - - - - - - - - - - 0% Subtotal 1 1 5 - 3 9 4 1 5 5 8 6 9 1 6 - 2 3 0 1 95 8% Total insurance companies $ 4 70 $ 3 71 $ 3 21 $ 2 02 $ 1 72 $ 1 58 $ 1 58 $ 1 26 $ 9 5 $ 9 0 $ 68 $ 6 2 $ 1 41 $ 2,434 100% Total non-insurance 2 36 - - - 9 - - - - - - - 4 2 49 Total $ 7 06 $ 3 71 $ 3 21 $ 2 02 $ 1 81 $ 1 58 $ 1 58 $ 1 26 $ 9 5 $ 9 0 $ 68 $ 6 2 $ 1 45 $ 2,683 (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 Other Financials, 50% are NAIC 1 and 49% are held by non-insurance companies. For the Total, 47% are NAIC 1, 4% NAIC 2, and 44% are held by non-insurance companies. Page 24

附录E美国金融集团，按抵押品划分的资产支持证券6/30/2022(以百万美元为单位)按抵押品划分的公允价值按抵押品类型划分的公允价值单一三重抵押商业整体担保家庭净值服务商消费者信用评级(A)房地产业务TruPS融资(C) 租赁铁路飞机应收账款汽车贷款总额%投资级AAA$478$-$44$25$149$134$-$-$15 8$30$36$919 41%AA 8 37 1 81 49 21-9-23 18 10 3 73 16%A-4 8 3 6-9 1 50 4 5-4 1-1 50 4 43 20%BBB-2 64-1--7 3 4 68--2 2 396 18%小计4 86 3 05 2 33 1 11 1 66 1 64 1 57 8 8 3 7 2 4 8 2 182，131 95%BB---1---6---7%B---4---4%CCC，CC，C---2---2 0%D---0%小计---1---1 2---1 30%未评级(B)---9 7---4---1 3 114.5%总计$4 86$3 05$233$2 09$166$1 64$1 57$1 04$8 3$7 2$4 8$2 31$2258 100%按抵押品类型划分的公允价值单一三重按揭商业全担保家庭净值服务商消费者房地产业务TruPS融资(C)租赁铁路飞机应收账款汽车其他合计%NAIC指定1$380$41$233$207$166$164$150$53$15$ 72$41$208$1,730 81%2-2 64-1--7 34 6 8-2 2 3 96 18%小计3 80 3 05 2 33 2 08 1 66 1 64 1 57 87 83 72 41 2 30 2，126 99%3---1---7 1%4---7%6---0%小计---1---1 7---保险公司总数$380$3 05$2 33$209$1 66$1 64$157$1 04$8 3$7 2$4 1$231$2145 100%非保险合计1 06---7-1 13合计$4 86$3 05$ 233$209$1 66$1 64$1 57$104$8 3$7 2$4 8$2 31$2, 258(A)如果两个机构对证券进行评级，则上面显示的评级是两个机构中较低的一个；如果三个或更多机构对证券进行评级，则显示的评级是第二低的。(B)未评级证券中77%为NAIC 1，5%由非保险公司持有。(C)担保融资是指以独户租赁物业、银行贷款、银行信托优先股、商业及住宅按揭等资产作担保的私人配售融资协议。第25页

附录F美国金融集团资产支持证券按抵押品划分的信用评级和NAIC指定类型12/31/2021(以百万美元为单位)按抵押品划分的公允价值按抵押品类型单一三重抵押商业担保全家庭净消费服务商信用评级(A)房地产融资(C)汽车业务 TruPS租赁铁路汽车租赁飞机贷款应收账款其他总额%总投资级AAA$690$25$181$-$128$-$89$-$33$39$145$1，330 50%AA 8 67 20 40 1 67 23-25 9 46-15 4 20 16%A-4 4 7 4 2 0-1 32 1 1 5 4 35---4 2-6 2 1 0 2 74 10%小计6 98 1 37 2 08 2 03 1 87 1 51 1 32 1 25 1 05 1 14 1 01 2 79 2，440 92%BB-1---3---4 0%B-1---8---9 0%CCC，CC，2 08$2 03$187$1 51$1 32$125$119$114$1 01$3 42$2676 100%按抵押品类型划分的公允价值单一三按揭商业担保全家庭净值消费服务商NAIC指定房地产融资(C)汽车业务信托基金租赁铁路租赁飞机贷款应收账款总额1$504$267$49$44$187$151$132$125 $63$106$39$268$1,935 87%2-1-1-1 59---42-6 2 1 0 274 12%小计5 04 2 68 49 2 03 1 87 1 51 1 32 1 06 1 01 2 78 2209 99%3-1---3---4 0%4-1---8---9 1%5---2---2 0%6- ---1 51%保险公司总数$504$270$49$203$1 87$1 51$132$125$1 18$1 06$01$278$2, 224 100%非保险合计1 94 2 6 1 59---1 8-6 4 4 52合计 $698$296$2 08$2 03$187$1 51$132$125$119$114$1 01$342$2,676(A)如果两家机构对一种证券进行评级，则上面显示的评级是两种机构中较低的一种；如果三家或更多机构对一种证券进行评级，则显示的评级是次低的。(B)87%的未评级证券为NAIC 1，12%由非保险公司持有。(C)担保融资是指以资产担保的私募融资协议，包括银行贷款、独户租赁物业和其他商业贷款和租赁。第26页

附录G美国金融集团，公司房地产相关投资6/30/2022(以百万美元为单位)使用权益法进行投资(房地产基金/投资)(A)投资类型账面价值占用的百分比(B)收款率(C)多户$1,091%96%98%基金投资50 4%--QOZ基金开发19 2%93%98%写字楼15 1%--酒店业9 1%81%100%土地开发8 1%--学生住房--总计$1,193 100%房地产类型账面价值债务度假村和码头$52 51%$- Marina 38 37%-酒店-0%-写字楼10 10%-土地2 2%-总计$102 100%$-抵押贷款占贷款与物业类型账面价值的百分比(D)多户489 71%67%酒店业146 21%52%办公室57 8%73%零售-0%-总计$ 692 100%64%目前，没有一笔贷款通过忍耐协议获得利息延期。(A)使用权益法核算的投资总额为16亿美元，本表所列金额仅涉及房地产基金/投资。(B)截至22年6月30日的入住率(C)4月至6月的收藏量(D)根据最新的财产评估，其中绝大多数是在2020年3月之前进行的。第27页

Appendix H American Financial Group, Inc. Real Estate-Related Investments 12/31/2021 ($ 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 ,000 88% 96% 98% Fund Investments 43 4% - - Student Housing 30 3% 94% 98% Land - Development 19 2% - - QOZ Fund - Development 15 1% - - Office 15 1% 81% 100% Hospitality 8 1% - - Total $ 1 ,130 100% Real Estate % of Property Type Book Value Book Value Debt Marina $ 5 3 42% $ - Resort & Marina 38 31% - Hotel 21 17% - Office Building 11 8% - Land 2 2% - Total $ 1 25 100% $ - Mortgage Loans % of Loan To Property Type Book Value Book Value Value (d) Hospitality 316 61% 67% Multi-family 146 28% 54% Office 58 11% 73% Retail - 0% 0% Total $ 5 20 100% 64% Currently, no loans are receiving interest deferral through forbearance agreements. (a) Total investments accounted for using the equity method is $1.5 billion, the amounts presented in this table only relate to real estate funds/investments. (b) Occupancy as of 12/31/21 (c) Collections for October - December (d) Based on most recent property appraisals, the vast majority of which are prior to March 2020. Page 28