EX-99.2

附件99.2美国金融集团投资者补充资料2022年第三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 - Third Quarter 2022 3 Section Page Table of Contents - Investor Supplement - Third 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)....................................................................................................................................... 10 Other Specialty - Underwriting Results (GAAP)............................................................................................................................................. 11 Annuity Segment Discontinued Annuity Operations.................................................................................................................................................................. 12 Consolidated Balance Sheet / Book Value / Debt Consolidated Balance Sheet......................................................................................................................................................................... 13 Book Value Per Share and Price / Book Summary....................................................................................................................................... 14 Capitalization................................................................................................................................................................................................. 15 Additional Supplemental Information............................................................................................................................................................. 16 Consolidated Investment Supplement Total Cash and Investments.......................................................................................................................................................................... 17 Net Investment Income From Continuing Operations.................................................................................................................................... 18 Alternative Investments - Continuing Operations.......................................................................................................................................... 19 Fixed Maturities - By Security Type - AFG Consolidated............................................................................................................................... 20 Appendix A. Fixed Maturities by Credit Rating & NAIC Designation by Type 9/30/2022.............................................................................................. 21 B. Fixed Maturities by Credit Rating & NAIC Designation by Type 12/31/2021............................................................................................ 22 C. Corporate Securities by Credit Rating & NAIC Designation by Industry 9/30/2022................................................................................. 23 D. Corporate Securities by Credit Rating & NAIC Designation by Industry 12/31/2021............................................................................... 24 E. Asset-Backed Securities by Credit Rating & NAIC Designation by Collateral Type 9/30/2022................................................................ 25 F. Asset-Backed Securities by Credit Rating & NAIC Designation by Collateral Type 12/31/2021.............................................................. 26 G. Real Estate-Related Investments 9/30/2022........................................................................................................................................... 27 H. Real Estate-Related Investments 12/31/2021.......................................................................................................................................... 28 Page 2

美国金融集团(American Financial Group，Inc.)财务亮点(单位：百万每股信息除外)截至9/30/22 6/30/22 3/31/22 12/31/21 9/30/21 9/30/22 9/30/21重点净收益$165$167$290$355$622$1,640持续运营净收益165 167 290 355 219 622 726核心净营业净收益192 243 303 351 231 738 642总资产29,532 28,084 28,762 28,931 29,942 29,532 29,942调整后股东权益(A)4,515,401 4,948 4,876 5,015 5,062溢价1,984 1,516 1,368 1,270 1,729 4,868 4,303每股摊薄收益$1.93$1.96$3.40$4.18$2.56$7.29$19.11持续运营的摊薄每股收益1.93 1.96 3.40 4.18 2.56 7.29 8.45每股核心运营净收益2.24 2.85 3.56 4.12 2.71 8.65 7.48调整后每股账面价值(A)53.03 51.68 58。每股普通股股息0.5600 8.5600 2.5600 6.5600 6.5000 11.6800 21.5000财务比率年化股本回报率(B)14.7% 14.3%23.5%28.5%16.6%17.6%40.3%年化核心营运股本回报率(B)17.1%20.7%24.6%28.1%17.6%20.9%15.8%财产和意外伤害综合比率-专业：亏损与资产负债率66.4%55.4%53.1%56.5%62.4%591%59.0% 承保费用比率24.7%30.4%30.9%24.2%26.6%28.3%29.4%合并比率-专业91.1%85.8%84.0%80.7%89.0%87.4%88.4%(A)不包括固定期限投资相关的未实现收益(亏损)。对公认会计准则计量的对账见第14页。(B)不包括累积的其他全面收入。第3页

美国金融集团，公司收益摘要(以百万美元为单位)截至9/30/22 6/30/22 3/31/22 12/31/21 9/30/21 9/30/22 9/30/21财险承保利润$155$196$207$279$168$558$454净投资收益145 156 223 196 165 524 467其他费用(7) (11)(8)10(4)(26)(16)财产和意外险营业收益289 345 422485 329 1,056 905房地产实体和其他从年金获得的利息支出---50母公司控股公司利息支出(19)(23)(23)(23)(24)(65) (71)其他支出(14)(26)(21)(24)(21)(61)(90)税前核心运营收益244 308 378 438 284 930 794所得税支出65 52 75 87 53 192核心运营净收益192 243 303 351 231 738 642非核心项目，税后净额：证券已实现收益(亏损)(28)(73)(12)4(12)(113)83 Neon退出项目---3其他非核心项目(3)1(1)--(3)(2)持续经营净收益$167 165$290$355$219$622$726$非持续年金业务 ---914净收益$167 165$290$355$219$622$1,640$第4页

美国金融集团公司每股收益摘要(单位：百万，除每股信息外)截至9/30/22 6/30/22 3/31/22 12/31/21 9/30/21 9/30/22 9/30/21核心净营业收益$243 192$303$351$231$738$642$持续运营净收益$167$290 $355$219$622$726$净收益$167$290$355$219$622$1,640$平均稀释后股票数量-核心85.365 85.339 85.240 85.162 85.171 85.315 85.785摊薄股份平均数量-净85.365 85.339 85.240 85.162 85.171 85.315 85.785摊薄每股收益：每股核心净营业收益$2.24$2.85$3.56$4.12$2.71$8.65$7.48证券已实现收益(亏损)(0.32)(0.86)(0.14)0.06(0.15)(1.32)0.95 Neon退出行---0.04 其他非核心项目(0.03)0.01(0.02)--(0.04)(0.02)稀释后每股收益，持续运营$1.96 1.93$3.40$4.18$2.56$7.29$8.45$非持续年金运营---10.66稀释后每股收益$1.96 1.93$ 3.40$4.18$2.56$7.29$19.11$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(以百万美元为单位)截至9/30/22 6/30/22 3/31/22 12/31/21 9/30/21 9/30/22 9/30/21财产和运输$39$39$62$116$45$140$163特殊意外伤害118 130 124 140 110 372 237特殊财务15 37 29 24 26 81 72其他特殊伤害(9)(14)(7)1(12)(30)(16)承保利润-专业158 197 208 281 169 563 456其他核心费用，包括在损失和LAE(1)(3)(1)(2)(1)(5)(2)承保利润- 财产和意外伤害保险$196 155$207$279$168$558$454$包括在以上结果中：本事故年份新冠肺炎相关损失$--$-$2$3$-$14$本事故年巨灾损失：巨灾恢复保费$18$-$-$--$18$12巨灾损失22 33 9 25 31 64 61当前事故年巨灾损失总额$22 51$9$25$31$82$73$上一年损失准备金发展(有利)/不利$(85)(53)$(88)$(71)$(82)$ (226)$(208)$综合比率：财产与运输95.4%92.4%85.8%80.5%93.5%92.2%89.6%特殊伤亡82.6%80.1%80.6%78.0%82.0%811.1%86.6%专业财务91.3%78.4%82.0%85.5%84.2%83.9%84.9%其他专业122.7% 114.6%112.9%98.0%122.5%116.9%110.2%合并比率-专业91.1%85.8%84.0%80.7%89.0%87.4%88.4%其他核心费用0.1%0.2%0.1%0.1%0.0%0.1%0.0%合并比率91.2%86.0%84.1%80.8%89.0%87.5%88.4%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91.7%90.5%90.1%83.8%92.2%90.9%91.6%损失和LAE组成部分--本事故年度财产和意外伤害保险, 不包括新冠肺炎相关损失和巨灾损失67.0%60.1%59.2%59.6%65.6%62.6%新冠肺炎相关损失0.0%0.0%0.0%0.2%0.1%0.0%0.3%本事故年巨灾损失2.5%1.6%0.7%1.8%2.1%1.7%1.8%之前事故年损失准备金发展(3.0%) (6.1%)(6.7%)(5.0%)(5.4%)(5.1%)(5.1%)(5.3%)损失和LAE比率66.5%55.6%53.2%56.6%62.4%59.2%59.0%第6页

截至9/30/22 6/30/22 3/31/22 12/31/21 9/30/21 9/30/22 9/30/21毛保费$3,153$2,123$1,936$1,737$2,656$7,212$6,209放弃再保险费(607)(1,169)(568)(467)(927) (2,344)(1，净保费1,984 1,5161,368 1,270 1,729 4,868 4,303未赚取保费变动(123)(217)(66)182(200)(406)(351)净赚得保费1,767 1,393 1,3021,4521,529 4,462 3,952亏损1,173 773 692 820 953 2,638 2,333承保开支423 436 402 351 407,261 1，163承保利润$197 158$208$281$169$563$456$以上结果包括：本事故年新冠肺炎相关亏损$--$-$2$3$-$14$本事故年灾难损失：巨灾恢复保费$18$-$-$-$18$12灾难损失22 33 9 25 31 64 61本年事故年巨灾损失总额$22 51$9$25$31$82$73$上一年损失准备金发展 (有利)/不利$(86)(56)$(89)$(73)$(83)$(231)$(210)$合并比率：亏损与资产负债比率66.4%55.4%53.1%56.5%62.4%59.1%59.0%承保费用比率24.7%30.4%30.9%24.2%26.6%28.3%29.4%合并比率91.1%85.8% 84.0%80.7%89.0%87.4%88.4%专业合并比率除外。新冠肺炎相关损失、巨灾损失和上年损失准备金发展91.7%90.5%90.1%83.7%92.2%90.9%91.6%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67.0%60.1%59.2%59.5%65.6%62.6%62.2%新冠肺炎相关损失0.0%0.0%0.0%0.2%0.1%0.0%0.3%当前事故年巨灾损失2.5%1.6%0.7%1.8%2.1%1.7%1.8%以前事故年损失准备金(3.1%)(6.3%)(6.8%)(5.0%)(5.4%)(5.2%)(5.3%)损失和LAE比率66.4%55.4%53.1%56.5%62.4%59.1%59.0%第7页

承保业绩(GAAP)(百万美元)截至9/30/22 6/30/22 3/31/22 12/31/21 9/30/21 9/30/22 9/30/21毛保费$1,737$962$760$558$1,334$3,459$2,705放弃的再保险费(330)(778) (259)(141)(561)(1，净保费959 632 501 417 773 2,092 1,740未赚取保费变动(127)(102)(58)180(73)(287)(193)净赚得保费857 505 443 597 700 1,805 1,547亏损及LAE 663 327 256 394 5161,2461000 承保费用139 155 125 87 139 419 384承保利润$39 39$62$116$45$140$163$以上结果包括：本事故年新冠肺炎相关损失$--$-$-$-$-$本事故年巨灾损失：巨灾恢复保费$4$-$-$-$-$4$9巨灾损失19 9 6 15 14 34本年度合计意外年巨灾损失$19 13$6$15$14$38$43$上一年损失准备金发展(有利)/不利因素$(30)(15) $(34)$(2)$(18)$(79)$(101)$合并比率：亏损与资产负债比率77.3%64.7%57.7%66.0%73.7%69.0%64.7%承保费用比率18.1%27.7%28.1%14.5%19.8%23.2%24.9%合并比率95.4%92.4%85.8%80.5%93.5%92.2%89.6%组合比率(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95.8%94.6%92.1%78.4%93.9%94.6%93.4%损失和LAE组成部分：当前事故年，不包括新冠肺炎相关和巨灾损失77.7%66.9% 64.0%63.9%74.1%71.4%68.5%新冠肺炎相关损失0.0%0.0%0.0%当年巨灾损失1.4%3.8%1.5%2.5%2.1%2.0%2.7%之前事故年损失准备金发展(1.8%)(6.0%)(7.8%)(0.4%)(2.5%) (4.4%)(6.5%)损失和LAE比率77.3%64.7%57.7%66.0%73.7%69.0%64.7%第8页

美国金融集团，截至9/30/22 6/30/22 3/31/22 12/31/21 9/30/21 9/30/22 9/30/21毛保费$1,184$948$976$968$1,121$3,108$2,922(302)(407)(326)(340)(389) (1,035)(1,010)净承保保费777 646 650 628 732 2,073 1,912变化在未赚取保费11(100)(11)8(119)(100)(140)净赚取保费677 657 639 636 613 1,973 1,772亏损和LAE 374 354 344 340 335 1,072 1,059承保费用 173 185 171 156 168 529 476承保利润$130$118$140$110$372$237$以上结果包括：本事故年新冠肺炎相关亏损$--$1$1-$8$本事故年巨灾损失：巨灾恢复保费$1$-$-$-$1$1巨灾损失-2 1 3 3 3 6当前事故年巨灾损失总额$-3$1$3$3$4$7$前一年损失准备金发展(有利)/不利$(49)(42)$(49)$(55)$(56)$ (140)$(85)$综合比率：亏损与资产负债比率55.3%53.9%53.8%53.5%54.6%54.3%59.7%承保费用比率27.3%26.2%26.8%24.5%27.4%26.8%26.9%合并比率82.6%80.1%80.6%78.0%82.0%81.1%86.6%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88.5%87.5%88.1%85.8%90.6%88.1%90.6%损失和LAE组成部分：当前事故年，不包括新冠肺炎相关损失和巨灾损失61.2%61.3%61.3%61.3%63.2% 61.3%63.7%新冠肺炎相关损失0.0%0.0%0.0%0.2%0.1%0.0%0.4%当前事故年巨灾损失0.4%0.1%0.1%0.6%0.4%0.1%0.4%以前事故年损失准备金发展(6.3%)(7.5%)(7.6%)(8.6%)(9.1%)(7.1%)(4.8%)损失和LAE比率55.3%53.9%53.8%53.5%54.6%54.3%59.7%第9页

美国金融集团，公司专业财务-承保业绩(以百万美元为单位)截至9/30/22 6/30/22 3/31/22 12/31/21 9/30/21 9/30/22 9/30/21毛保费$232$213$200$211$201$645$582(56)(36)(41)(38)(36)(133)(133)(97)净承保保费176 177 159 173 165 512 485变化在未赚取保费(5)(6)4(8)(2)(7)(8)(8)净赚取保费171 163 165 163 505 477亏损及LAE 80 44 48 52 56 172 161承保费用90 76 86 89 81 252 244承保利润$37 15$29$24$26$81$72$以上结果包括：本意外年度新冠肺炎相关亏损$--$-$1$2$-$6$本事故年度巨灾损失：巨灾恢复保费$13$-$-$-$-$13$2 巨灾损失3 21 2 6 14 26 20当前事故年巨灾损失总额$3 34$2$6$14$39$22$上一年损失准备金发展(有利)/不利$(15)(11)$(13)$(18)$(39)$(38)$综合比率：损失和LAE比率47.2%25.7%29.4%31.7%34.2%34.1%33.7%承保费用比率44。1%52.7%52.6%53.8%50.0%49.8%51.2%合并比率91.3%78.4%82.0%85.5%84.2%83.9%84.9%新冠肺炎相关损失、巨灾损失和上一年损失准备金发展82.4%85.7%88.9%89.3%86.3%85.7%87.4%损失和LAE组件：当前事故年，不包括新冠肺炎相关损失和巨灾损失38.3%33.0%36.3%35.5%36.3%35.9%36.2%新冠肺炎相关损失0.0%0.0% 0.0%0.7%0.9%0.0%1.2%当前事故年巨灾损失15.2%1.5%1.2%3.7%8.2%6.0%4.3%以前事故年损失准备金发展(6.3%)(8.8%)(8.1%)(8.2%)(11.2%)(7.8%)(8.0%)损失和LAE比率47.2%25.7%29.4%31.7%34.2% 34.1%33.7%第10页

美国金融集团，截至9/30/22 6/30/22 3/31/22 12/31/21 9/30/22 9/30/21毛保费$-$-$-$-$-$-再保险费61 72 58 52 59 191 166净保费72 61 58 52 59 191 166未赚取保费变化(1)(10)(1)2(6)(12)(10)净赚取保费62 60 57 54 53 179 156亏损及LAE 56 48 44 34 46 148 113承保费用21 20 20 19 19 61 59承保利润(亏损)$(9)(14)$(7)$1$(12)$ (30)$(16)$以上结果包括：当年新冠肺炎相关亏损$--$-$-$-$-$-本事故年巨灾损失：巨灾恢复保费$-$-$-$-$-$-巨灾损失-1-1-1 1 当前事故年巨灾损失总额$-1$-$1$1$1$前一年损失准备金发展(有利)/不利$8 12$7$(3)$9$27$14$综合比率：损失与资产负债比率89.3%79.6%77.1%61.7%87.8%82.2%72.7% 承保费用比率33.4%35.0%35.8%36.3%34。7%34.7%37.5%合并比率122.7%114.6%112.9%98.0%122.5%116.9%110.2%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100.7% 101.5%99.9%100.4%105.4%100.8%100.9%第11页

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

American Financial Group, Inc. Consolidated Balance Sheet ($ in millions) 9/30/22 6/30/22 3/31/22 12/31/21 9/30/21 6/30/21 Assets: Total cash and investments $ 14,322 $ 14,268 $ 15,601 $ 15,745 $ 16,387 $ 16,125 Recoverables from reinsurers 4,108 3,567 3,478 3,519 3,523 3,330 Prepaid reinsurance premiums 1,180 1,006 933 834 1,028 865 Agents' balances and premiums receivable 1,698 1,623 1,391 1,265 1,492 1,423 Deferred policy acquisition costs 292 293 271 267 262 258 Assets of managed investment entities 5,099 5,218 5,231 5,296 5,130 5,086 Other receivables 1,328 740 645 857 1,097 682 Other assets 1,259 1,123 966 902 847 835 Goodwill 246 246 246 246 176 176 Total assets $ 28,084 29,532 $ 28,762 $ 28,931 $ 29,942 $ 28,780 $ Liabilities and Equity: Unpaid losses and loss adjustment expenses $ 12,067 $ 11,201 $ 10,986 $ 11,074 $ 10,991 $ 10,498 Unearned premiums 3,785 3,397 3,206 3,041 3,415 3,054 Payable to reinsurers 1,366 971 910 920 1,146 829 Liabilities of managed investment entities 5,002 5,133 5,112 5,220 5,034 5,029 Long-term debt 1,533 1,542 1,917 1,964 1,964 1,963 Other liabilities 1,773 1,847 1,796 1,700 2,152 1,806 Total liabilities $ 25,600 $ 24,017 $ 23,927 $ 23,919 $ 24,702 $ 23,179 Shareholders' equity: Common stock $ 85 $ 85 $ 85 $ 85 $ 85 $ 85 Capital surplus 1,358 1,351 1,340 1,330 1,315 1,303 Retained earnings 3,091 2,979 3,541 3,478 3,680 4,023 Unrealized gains (losses) - fixed maturities (554) (326) (109) 136 178 205 Unrealized losses - fixed maturity-related cash flow hedges (29) (8) (4) - - - Other comprehensive income, net of tax (14) (19) (18) (17) (18) (15) Total shareholders' equity 4,067 3,932 4,835 5,012 5,240 5,601 Total liabilities and equity $ 28,084 29,532 $ 28,762 $ 28,931 $ 29,942 $ 28,780 $ Page 13

美国金融集团，Inc.每股账面价值和每股账面价格/账面价格摘要(单位：百万，9/30/22 6/30/22 3/31/22 12/31/21 9/30/21 6/30/21股东权益$3,932$4,067$4,835$5,012$5,240$5,601与固定到期日有关的未实现(收益)亏损334 583 113(136)(178) (205)调整后股东权益4,515 4,401 4,948 4,876 5,062 5,396商誉(246)(246)(176)(111)(101)(104无形资产$4,054 4,158$4,598$4,524$4,857$5,190$有形调整后股东权益已发行普通股85.141 85.154 85.103 84.921 84.795 84.714每股账面价值：每股账面价值$46.18$47.76$56.81$59.02$61.80$66.12调整后(A)53.03 51.68 58.14 57.42 59.70 63.70调整后(B)48.84 47.60 54.02 53.26 57.28 61.27 AFG的收盘价普通股价格$122.93$138.81$145.62$137.32$125.83$124.72市值$10,466$11,820$12,393$11,661$10,670$10,566价格/调整后账面价值比率2.32 2.69 2.50 2.39 2.11 1.96(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(损失)。第14页

美国金融集团，公司资本化(以百万美元为单位)9/30/22 3/31/22 12/31/21 9/30/21 6/30/21 AFG优先债务$884$893$1,270$1,318$1,318$1,318---不包括次级债务的信贷安排债务项下提取的借款$884$893$1,270$1,318$1,318$1,318 675 675 675 675 675 AFG次级债券长期债务本金总额$1,559$1,568$1,945$1,993$1,993美元股东权益3,932 4,067 4,835 5,012 5,240 5,601减少：334 583 113(136)(178)(205)与固定期限投资有关的未实现(收益)亏损$5,969 6,074$6,893$6,869$7,055$7,389美元债务与调整后总资本的比率：包括次级债务25.7%26.3%28.2%29.0%28.2%27.0%不包括次级债务14.6% 15.0%18.4%19.2%18.7%17.8%第15页

美国金融集团，截至9/30/22 6/30/22 3/31/22 12/31/21 9/30/21 9/30/22 9/30/21财产和意外保险$678 776$714$758$678$2,168$2,019$已支付损失(GAAP)9/30/22 6/30/22 3/31/22 12/31/21 9/30/21财产和意外保险 6/30/21$5,527$5,399$5,375$5,228$4,934$4,779(984)(993)(409)(335)146 632母公司和其他子公司$4,415 4,534$4,966$4,893$5,080$5,411$AFG GAAP Equity (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第16页

美国金融集团，Inc.总现金和投资($in 百万)账面价值-9月30日，2022年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$530$264$-$7946%固定到期日-可供出售的固定到期日9,574 460-10,034 70%交易30--300%权益证券-普通股521 9-530 4%权益证券-永久优先股466-4663%使用权益法计算的投资 1,661-1,661 11%抵押贷款676-676 5%房地产和其他投资92 136(97)131 1%现金和投资总额$825 13,594$(97)$14,322$100%账面价值-12月31日2021财产和意外伤害母公司和合并AFG投资保险其他CLO综合投资组合现金和投资总额：现金和现金等价物$1,529$602$-$2,131 13%固定到期日-可供出售9,163 1,194-10,357 66%固定到期日-交易28--28 0%权益证券-普通股500 86-586 4%权益证券-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520-520 3%房地产和其他投资103123(76)150 1%现金及投资总额$1,985 13,836$(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9/30/22 6/30/22 3/31/22 12/31/21 9/30/21 9/30/22 9/30/21财险公司：总投资收益固定期限-可供出售$93$81$76$68$70$250$ 212固定期限-交易-1-1 1 1股权证券-股息10 7 7 8 6 24 20股权证券-MTM(7)(8 14 6(1)34被投资人的股权37 76 133 99 73 246 173 AFG管理的CLO 4(12)(2)35 5(10)17其他投资(A)9 12 5 8 8 26 18总投资收益149 160 227 200 169 536 475投资支出(4)(4)(4)(4)(4)(12)(8)投资净收益总额156 145$223$196$165$524$467$平均现金和投资(B)$13,983 14,105$13,858$13,552$13,194$13,981$12,763$4.11%4.46%6.44%5.79%5.00%5.00%4.88%平均收益率-整体投资组合(C)3.73%3.33%3.20%3.04%3.11%3.43%3.16%平均收益率-固定到期日(C)AFG综合净投资收益：房地产和意外伤害核心$145$156$223$196$165$524$467---49其他投资(D)---2母公司及其他10-5 16 9 15 20合并CLO 12(4)2(3)(5)10(17)总投资净收入$168 151$ 230$209$169$549$521$(A)包括按揭贷款收入，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期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余额。(D)AFG从出售年金业务中保留的与房地产有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9/30/22 6/30/22 3/31/22 12/31/21 9/30/21 9/30/22 9/30/21财产和意外保险公司：净投资收入(A)$(5)$(2)$8$14 $6$1$34投资采用权益法(B)37 76 133 99 73 246 173 AFG管理的CLO(在合并中被剔除)(12)4(2)3 5(10)17财产及意外伤害保险总额$62 36$139$116$84$237$224$投资权益证券投资收益(A)$289$276$261$234$195$289$195投资采用权益法(B)1，6611,626 1,6191,5171,4071,6611,407 AFG管理的CLO(在合并中被取消)85 97 119 76 96 97 96财产和意外伤害合计$1,987 2,047$1,999$1,827$1,698$2,047$1，698美元年化回报-财产和意外伤害7.1%12.4%29.1%26.3%20.3%16.1%24.4%持续经营：净投资收益权益证券MTM通过投资收益(A)$(5)$(2)$8$14$6$1$34投资使用权益法核算(B)(c 37 76 133 99 73 246 222 AFG管理的CLO(合并中被剔除)(12)4(2)3 5(10)17持续经营总额$62 36$139$ 116$84$237$273$通过投资收益计算的股权证券MTM(A)$289$276$261$234$195$289$195投资使用权益法核算(B)1，6611,626 1,6191,5171,4071,6611,407 AFG管理的CLO (在合并中被淘汰)85 97 119 76 96 97 96持续运营总额$1,987 2,047$1,999$1,827$1,698$2,047$1, 698美元年化回报-持续经营7.1%12.4%29.1%26.3%20.3%16.1%23.2%(A)AFG记录了其有限合伙企业和类似投资组合的持有收益和净投资收入的损失，这些投资组合不符合权益法会计条件，并通过净投资收入在购买时归类为公允价值的某些其他证券。(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综合(以百万美元为单位)投资未实现%2022年9月30日(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$229$214$(15)2%1%各州、市政当局和政治部门1,3561,258(98)12%9%外国政府260 248(12)2%2%住宅抵押贷款支持证券1,7581，604(154)16%11%商业抵押贷款支持证券88 85(3)1%1%抵押贷款债券1,878 1,806(72)18% 13%其他资产支持证券2,442 2,271(171)23%16%公司债券和其他债券2,5782,754(176)26%18%AFG合并$10,064 10,765$(701)$100%71%可供出售的年化收益率固定到期日：不包括投资支出(A)3.32%扣除投资支出(A)3.19%税额，扣除投资支出后的净值(B)3.30%近似平均寿命和持续期：近似平均寿命4.0年近似持续期3.0年未实现投资的%投资账面价值(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 18%12%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%10%其他资产支持证券2,670 2,676 6 26%17%公司和其他债券2,683 2,636 47 26%17%AFG合并总额10,385 10，212$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%税金等值, 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益除以该季度的平均成本。平均成本是本季度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 9/30/2022 ($ 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 $ 214 $ 490 $ 231 $ 1,312 $ 63 $ 1,613 $ 917 $ 33 $ 4,873 48% AA - 707 10 5 14 142 373 154 1,405 14% A - 50 5 80 2 40 425 601 1,203 12% BBB 8 - - 1 3 8 429 1,210 1,659 17% Subtotal - Investment grade 214 1,255 246 1,398 82 1,803 2,144 1,998 9,140 91% BB - - - 8 3 - 8 217 236 2% B - - - 7 - - 2 35 44 1% CCC, CC, C - - - 108 - - 5 2 115 1% D - - - 13 - - - - 13 0% Subtotal - Non-Investment grade - - - 136 3 - 15 254 408 4% Not Rated (b) 3 - 2 70 - 3 112 326 516 5% Total $ 1,258 214 $ 248 $ 1,604 $ 85 $ 1,806 $ 2,271 $ 2,578 $ 10,064 $ 100% Fair Value by Type % Total NAIC designation US Gov Munis Frgn gov RMBS CMBS CLOs ABS Corp/Oth Total 1 $ 214 $ 1,250 $ 208 $ 1,532 $ 82 $ 1,541 $ 1,738 $ 970 $ 7,535 79% 2 8 - - - - - 429 1,233 1,670 18% Subtotal 214 1,258 208 1,532 82 1,541 2,167 2,203 9,205 97% 3 - - - 1 3 - 8 227 239 3% 4 - - - 1 - - 3 35 39 0% 5 - - - 3 - - 9 22 34 0% 6 - - - - - - - 1 1 0% Subtotal - - - 5 3 - 20 285 313 3% Total insurance companies $ 1,258 214 $ 208 $ 1,537 $ 85 $ 1,541 $ 2,187 $ 2,488 $ 9,518 $ 100% Total non-insurance (c) - - 40 67 - 265 84 90 546 Total $ 1,258 214 $ 248 $ 1,604 $ 85 $ 1,806 $ 2,271 $ 2,578 $ 10,064 $ (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 4% are NAIC 5. For Corp/Oth, 57% are NAIC 1, 6% NAIC 2 and 26% are held by non-insurance companies. For Total, 69% are NAIC 1, 4% NAIC 2 and 18% are held by non-insurance companies. (c) 78% 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 - 1 223 552 888 9% Total $ 1,832 216 $ 271 $ 960 $ 104 $ 1,643 $ 2,676 $ 2,683 $ 10,385 $ 100% Fair Value by Type % Total NAIC designation US Gov Munis Frgn gov RMBS CMBS CLOs ABS Corp/Oth 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 $ 1,831 216 $ 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 $ 1,832 216 $ 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 9/30/2022 ($ in millions) Fair Value By Industry Asset Other Capital Basic Credit Rating (a) Managers Financials Banking Technology Consumer Insurance REITs Retailers Media Autos Goods Industry Energy Other Total % Total Investment Grade AAA $ - $ - $ - $ 20 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 13 $ 33 1% AA - 10 - 39 50 20 - 5 - - - - 19 11 154 6% A 47 76 53 53 28 116 55 17 - 39 52 3 - 62 601 23% BBB 101 408 203 100 42 25 78 30 32 23 17 62 11 78 1,210 47% Subtotal 455 187 256 212 120 161 133 52 32 62 69 65 30 164 1,998 77% BB 21 11 - 20 46 3 2 45 34 11 2 10 6 6 217 9% B - - - 10 5 1 - - - 4 4 - - 11 35 1% CCC, CC, C - - - - 2 - - - - - - - - - 2 0% D - - - - - - - - - - - - - - - 0% Subtotal 21 11 - 30 53 4 2 45 34 15 6 10 6 17 254 10% Not Rated (b) 234 9 - 11 20 14 10 - 17 - 2 - - 9 326 13% Total $ 432 485 $ 256 $ 253 $ 193 $ 179 $ 145 $ 97 $ 83 $ 77 $ 77 $ 75 $ 36 $ 190 $ 2,578 $ 100% Fair Value By Industry Asset Other Capital Basic NAIC designation Managers Financials Banking Technology Consumer Insurance REITs Retailers Media Autos Goods Industry Energy Other Total % Total 1 $ 47 $ 248 $ 53 $ 113 $ 87 $ 136 $ 55 $ 22 $ 13 $ 40 $ 52 $ 3 $ 19 $ 82 $ 970 39% 2 103 417 203 100 48 27 78 30 32 22 19 62 11 81 1,233 50% Subtotal 464 351 256 213 135 163 133 52 45 62 71 65 30 163 2,203 89% 3 21 10 - 34 47 2 2 45 34 11 2 6 6 7 227 9% 4 - 1 - 3 4 - 10 - - 4 3 4 - 6 35 1% 5 - - - 3 7 - - - 4 - - - - 8 22 1% 6 - - - - - - - - - - 1 - - - 1 0% Subtotal 21 11 - 40 58 2 12 45 38 15 6 10 6 21 285 11% Total insurance companies $ 362 485 $ 256 $ 253 $ 193 $ 165 $ 145 $ 97 $ 83 $ 77 $ 77 $ 75 $ 36 $ 184 $ 2,488 $ 100% Total non-insurance - 70 - - - 14 - - - - - - - 6 90 Total $ 432 485 $ 256 $ 253 $ 193 $ 179 $ 145 $ 97 $ 83 $ 77 $ 77 $ 75 $ 36 $ 190 $ 2,578 $ (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, 70% are NAIC 1 and 30% are held by non-insurance companies. For the Total, 57% are NAIC 1, 6% 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 Credit Rating (a) Financials Managers Banking Technology Insurance Autos Consumer REITs Energy Healthcare Communications Goods Other Total % Total Investment Grade AAA $ - $ - $ - $ 16 $ - $ - $ 9 $ - $ - $ 10 $ 13 $ - $ 2 $ 50 2% AA 13 - 27 47 35 - 17 - 35 2 - - 3 179 7% A 104 37 90 26 116 55 44 57 21 22 23 46 34 675 25% BBB 319 102 204 75 17 88 22 63 30 39 32 12 59 1,062 39% Subtotal 219 356 321 164 168 143 92 120 86 73 68 58 98 1,966 73% BB 4 5 - 35 3 11 44 - 9 9 - 2 22 144 5% B - - - 3 - 4 5 - - 2 - - - 14 1% CCC, CC, C - - - - - - 2 - - - - - 5 7 0% D - - - - - - - - - - - - - - 0% Subtotal 4 5 - 38 3 15 51 - 9 11 - 2 27 165 6% Not Rated (b) 10 483 - - 10 - 15 6 - 6 - 2 20 552 21% Total $ 371 706 $ 321 $ 202 $ 181 $ 158 $ 158 $ 126 $ 95 $ 90 $ 68 $ 62 $ 145 $ 2,683 $ 100% Fair Value By Industry Other Asset Capital Financials Managers Banking Technology Insurance Autos Consumer REITs Energy Healthcare Communications Goods Other Total % Total NAIC designation 1 $ 356 $ 37 $ 118 $ 88 $ 151 $ 55 $ 73 $ 57 $ 56 $ 35 $ 36 $ 46 $ 49 $ 1,157 48% 2 103 329 203 75 17 88 27 63 30 39 32 14 62 1,082 44% Subtotal 459 366 321 163 168 143 100 120 86 74 68 60 111 2,239 92% 3 4 5 - 33 3 11 44 6 9 8 - 2 21 146 6% 4 4 - - 3 1 4 5 - - 3 - - - 20 1% 5 3 - - 3 - - 9 - - 5 - - 9 29 1% 6 - - - - - - - - - - - - - - 0% Subtotal 11 5 - 39 4 15 58 6 9 16 - 2 30 195 8% Total insurance companies $ 371 470 $ 321 $ 202 $ 172 $ 158 $ 158 $ 126 $ 95 $ 90 $ 68 $ 62 $ 141 $ 2,434 $ 100% Total non-insurance - 236 - - 9 - - - - - - - 4 249 Total $ 371 706 $ 321 $ 202 $ 181 $ 158 $ 158 $ 126 $ 95 $ 90 $ 68 $ 62 $ 145 $ 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类型9/30/2022(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单一抵押商业整体担保三重家庭信用评级(A)房地产业务TruPS融资(C) 租赁铁路飞机贷款汽车其他应收账款总额%投资级AAA$503$-$42$25$141$145$-$-$7$6$22$26$917 40%AA 51 183 45 21 12-18 8 373 16%A-4 7 34 8-148 41 44--139 425 19%BBB 308--1--6 28-63-23 429 19%小计511 363 232 105 170 157 154 77 70 69 40 196 2，144 94%BB---1---7---8 1%B---1---1---2 0%CCC，CC，C---5---50%D---0%小计---151%未评级(B)---94---5---13 112 5%总计$363 511$232$201$170$157$154元95元70元69元40元209元2271$100%按抵押品类型划分的公允价值担保单一按揭商业整体融资三倍净家庭消费服务商NAIC指定房地产业务(B)租赁铁路飞机贷款应收账款汽车其他合计%合计1$433$55$232$198$170$156$148$49$65$6$40$186$1,738 79%2-308-1-6 28-63-23 429 20%小计433 363 232 199 170 156 154 77 65 69 40 209 2167 99%3---1---8 1%4---2---3 0%5---9保险公司总数$363 433$232$201$170$156$154$95$65$69$40$209$2，187$100%非保险合计-78---1--5---84合计$363 511$232$201$170$157$154$95$70$69$40$209$2,271$(A)如果两家机构对证券进行评级, 上面显示的评级是两个评级中较低的一个；如果有三个或更多机构对一种证券进行评级，则显示的评级是第二低的。(B)95%的未评级证券为NAIC 1，4%为NAIC 5。(C)抵押融资为私募融资协议，抵押资产包括独户租赁物业、银行贷款、银行信托优先股、商业及住宅按揭。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 40 167 23-25 9 46-15 420 16%A-44 7 4 20-132 11 54 35-109 416 16%BBB 1--159---42-62 10 274 10%总计698 137 208 203 187 151 132 125 105 114 101 279 2,440 92%BB-1---3--4 0%B-1C---0%D---0% 小计-2---130%未评级(B)157---3--63 2238%总计$296 698$208$203$187$151$132$125$119$114$101$342$2676$100%按抵押品类型划分的公允价值1,935 87%2-1-159--42-62 10 274 12%小计504 268 49$49$44$187$151$132$125$63$106$39$268$ 1,935 87%2-1-159--42-62 10 274 12%小计504 268 49 203 187 151 132 125 105 101 278 2209 99%3-1---3---4 0%4-1---8---9 1%5---2---2 0%6保险公司总数$270 504$49$203$187$151$132$125$118$106$101$278$2224$100%非保险26 194 159---1 8-64 452总计$296 698$208$203$187$151$132$125$119$114$101$342$2,676$(A)如果两家机构对证券进行评级, 上面显示的评级是两个评级中较低的一个；如果有三个或更多机构对一种证券进行评级，则显示的评级是第二低的。(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、独户租赁物业以及其他商业贷款和租赁。第26页

附录G美国金融集团，Inc.房地产相关投资 2022年9月30日(以百万美元为单位)投资使用权益法(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$1,116 92%96%98%基金投资51 4%--QOZ基金-开发18 1%--办公室15 1%93%100%酒店业9 1%--土地开发8 1%--学生住房0%1---总计1,218美元100%房地产类型账面价值债务度假村和码头$52 53%$-码头 35 35%-酒店-0%-写字楼10 10%-土地2%2-总计99美元100%$-抵押贷款占贷款与物业类型账面价值的百分比490 72%67%酒店业128 19%50%办公室589%69%零售-0%-总计676美元100%64% 目前，没有一笔贷款通过忍耐协议获得利息延期。(A)按权益法计算的总投资额为17亿美元，本表所列数额仅涉及房地产基金/投资。(B) 截至22年9月30日的入住率(C)7月至9月的收藏量第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 1% 8 -- Total 1,130 $ 100% Real Estate % of Property Type Book Value Book Value Debt Marina $ 53 42% $ - Resort & Marina 38 31% - Hotel 21 17% - Office Building 11 8% - Land 2% 2 - Total 125 $ 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 520 $ 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