American Financial Group
Industry: Insurance (Prop. & Casualty)

American Financial Group, Inc. (NYSE: AFG) is engaged primarily in specialty property and casualty and private passenger automobile insurance businesses and in the sale of retirement annuities, life and supplemental health insurance products.

Business Summary
American Financial Group, Inc. (AFG) is a holding company engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of retirement annuities, life and supplemental health insurance products. Through its subsidiaries, AFG is engaged in other operations, including The Golf Center at Kings Island in the Greater Cincinnati area; commercial real estate operations in Cincinnati (office buildings and The Cincinnatian Hotel), New Orleans (Le Pavillon Hotel), Cape Cod (Chatham Bars Inn), Austin (Driskill Hotel), Chesapeake Bay (Skipjack Cove Yachting Resort), Charleston (Charleston Harbor Resort and Marina), Palm Beach (Sailfish Marina and Resort) and apartments in Louisville, Pittsburgh, St. Paul and Tampa Bay. In 2004, AFG completed the sale of Transport Insurance Company, an inactive property and casualty subsidiary with only run-off liabilities, including old asbestos and environmental claims.

Financial Summary
AFG is a holding company engaged in automobile and specialty property & casualty insurance and in the sale of annuities and certain life and supplemental health insurance products. For the six months ended 6/30/05, revenues rose 8% to $1.93B. Net income from Cont. Ops. before acct. hange increased 10% to $144.5M.Revenues reflect higher property & casualty premiums earned. Net income reflects improved operating margins.