<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<headerData>
<submissionType>144</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0001954521</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>
</filerInfo>
</headerData>
<formData>
<issuerInfo>
<issuerCik>0001042046</issuerCik>
<issuerName>American Financial Group, Inc.</issuerName>
<secFileNumber>001-13653</secFileNumber>
<issuerAddress>
<street1 xmlns="http://www.sec.gov/edgar/common">301 East Fourth Street</street1>
<city xmlns="http://www.sec.gov/edgar/common">Cincinnati</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">OH</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">45202</zipCode>
</issuerAddress>
<issuerContactPhone>513-579-2121</issuerContactPhone>
<nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Mark A. Weiss</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
<relationshipsToIssuer>
<relationshipToIssuer>Officer</relationshipToIssuer>
</relationshipsToIssuer>
</issuerInfo>
<securitiesInformation>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<brokerOrMarketmakerDetails>
<name>Bank of America/Merrill Lynch</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">1500 American Blvd</street1>
<city xmlns="http://www.sec.gov/edgar/common">Pennington</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">NJ</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">08534</zipCode>
</address>
</brokerOrMarketmakerDetails>
<noOfUnitsSold>2813</noOfUnitsSold>
<aggregateMarketValue>399221</aggregateMarketValue>
<noOfUnitsOutstanding>83086083</noOfUnitsOutstanding>
<approxSaleDate>08/06/2026</approxSaleDate>
<securitiesExchangeName>NYSE</securitiesExchangeName>
</securitiesInformation>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>02/23/2025</acquiredDate>
<natureOfAcquisitionTransaction>Vested Restricted Stock</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>871</amountOfSecuritiesAcquired>
<paymentDate>02/23/2025</paymentDate>
<natureOfPayment>Executive Compensation</natureOfPayment>
</securitiesToBeSold>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>02/25/2024</acquiredDate>
<natureOfAcquisitionTransaction>Vested Restricted Stock</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>943</amountOfSecuritiesAcquired>
<paymentDate>02/25/2024</paymentDate>
<natureOfPayment>Executive Compensation</natureOfPayment>
</securitiesToBeSold>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>03/22/2021</acquiredDate>
<natureOfAcquisitionTransaction>Option Exercise</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>55</amountOfSecuritiesAcquired>
<paymentDate>03/22/2021</paymentDate>
<natureOfPayment>Cash</natureOfPayment>
</securitiesToBeSold>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>02/22/2021</acquiredDate>
<natureOfAcquisitionTransaction>Vested Restricted Stock</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>944</amountOfSecuritiesAcquired>
<paymentDate>02/22/2021</paymentDate>
<natureOfPayment>Executive Compensation</natureOfPayment>
</securitiesToBeSold>
<nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
<noticeSignature>
<noticeDate>08/06/2026</noticeDate>
<signature>Mark A. Weiss</signature>
</noticeSignature>
</formData>
</edgarSubmission>
