<?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>0000942082</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>Carl H. Lindner, III</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
<relationshipsToIssuer>
<relationshipToIssuer>Officer</relationshipToIssuer>
<relationshipToIssuer>Director</relationshipToIssuer>
</relationshipsToIssuer>
</issuerInfo>
<securitiesInformation>
<securitiesClassTitle>Carl H. Lindner III, TTEE (or his Successors) of the Carl H. Lindner III Family Trust DTD 8/29/02, as amended</securitiesClassTitle>
<brokerOrMarketmakerDetails>
<name>UBS Securities</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">8044 Montgomery Road</street1>
<street2 xmlns="http://www.sec.gov/edgar/common">Suite 200 W</street2>
<city xmlns="http://www.sec.gov/edgar/common">Cincinati</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">OH</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">45243</zipCode>
</address>
</brokerOrMarketmakerDetails>
<noOfUnitsSold>90000</noOfUnitsSold>
<aggregateMarketValue>13194000</aggregateMarketValue>
<noOfUnitsOutstanding>82921466</noOfUnitsOutstanding>
<approxSaleDate>08/18/2026</approxSaleDate>
<securitiesExchangeName>NYSE</securitiesExchangeName>
</securitiesInformation>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>02/21/2022</acquiredDate>
<natureOfAcquisitionTransaction>Restricted Stock Vest</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>8433</amountOfSecuritiesAcquired>
<paymentDate>02/21/2022</paymentDate>
<natureOfPayment>Executive Compensation</natureOfPayment>
</securitiesToBeSold>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>02/27/2023</acquiredDate>
<natureOfAcquisitionTransaction>Restricted Stock Vest</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>9466</amountOfSecuritiesAcquired>
<paymentDate>02/27/2023</paymentDate>
<natureOfPayment>Executive Compensation</natureOfPayment>
</securitiesToBeSold>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>02/26/2024</acquiredDate>
<natureOfAcquisitionTransaction>Restricted Stock Vest</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>7997</amountOfSecuritiesAcquired>
<paymentDate>02/26/2024</paymentDate>
<natureOfPayment>Executive Compensation</natureOfPayment>
</securitiesToBeSold>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>02/23/2025</acquiredDate>
<natureOfAcquisitionTransaction>Restricted Stock Vest</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>8519</amountOfSecuritiesAcquired>
<paymentDate>02/23/2025</paymentDate>
<natureOfPayment>Executive Compensation</natureOfPayment>
</securitiesToBeSold>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>02/23/2020</acquiredDate>
<natureOfAcquisitionTransaction>Restricted Stock Vest</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>13644</amountOfSecuritiesAcquired>
<paymentDate>02/23/2020</paymentDate>
<natureOfPayment>Executive Compensation</natureOfPayment>
</securitiesToBeSold>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>02/22/2021</acquiredDate>
<natureOfAcquisitionTransaction>Restricted Stock Vest</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>8792</amountOfSecuritiesAcquired>
<paymentDate>02/22/2021</paymentDate>
<natureOfPayment>Executive Compensation</natureOfPayment>
</securitiesToBeSold>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>02/23/2019</acquiredDate>
<natureOfAcquisitionTransaction>Restricted Stock Vest</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>8012</amountOfSecuritiesAcquired>
<paymentDate>02/23/2019</paymentDate>
<natureOfPayment>Executive Compensation</natureOfPayment>
</securitiesToBeSold>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock </securitiesClassTitle>
<acquiredDate>12/31/2010</acquiredDate>
<natureOfAcquisitionTransaction>Gift</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Trust</nameOfPersonfromWhomAcquired>
<isGiftTransaction>Y</isGiftTransaction>
<donarAcquiredDate>10/25/2002</donarAcquiredDate>
<amountOfSecuritiesAcquired>4038</amountOfSecuritiesAcquired>
<paymentDate>12/31/2010</paymentDate>
<natureOfPayment>Gift</natureOfPayment>
</securitiesToBeSold>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>12/31/2010</acquiredDate>
<natureOfAcquisitionTransaction>Gift</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Trust</nameOfPersonfromWhomAcquired>
<isGiftTransaction>Y</isGiftTransaction>
<donarAcquiredDate>12/22/1999</donarAcquiredDate>
<amountOfSecuritiesAcquired>1671</amountOfSecuritiesAcquired>
<paymentDate>12/31/2010</paymentDate>
<natureOfPayment>Gift</natureOfPayment>
</securitiesToBeSold>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>12/31/2010</acquiredDate>
<natureOfAcquisitionTransaction>Gift</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Trust</nameOfPersonfromWhomAcquired>
<isGiftTransaction>Y</isGiftTransaction>
<donarAcquiredDate>12/22/2009</donarAcquiredDate>
<amountOfSecuritiesAcquired>12629</amountOfSecuritiesAcquired>
<paymentDate>12/31/2010</paymentDate>
<natureOfPayment>Gift</natureOfPayment>
</securitiesToBeSold>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>12/31/2010</acquiredDate>
<natureOfAcquisitionTransaction>Gift</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Trust</nameOfPersonfromWhomAcquired>
<isGiftTransaction>Y</isGiftTransaction>
<donarAcquiredDate>12/21/1999</donarAcquiredDate>
<amountOfSecuritiesAcquired>6799</amountOfSecuritiesAcquired>
<paymentDate>12/31/2010</paymentDate>
<natureOfPayment>Gift</natureOfPayment>
</securitiesToBeSold>
<nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
<noticeSignature>
<noticeDate>08/18/2026</noticeDate>
<signature>Mark A. Weiss as Attorney-in-fact for Carl H. Lindner III</signature>
</noticeSignature>
</formData>
</edgarSubmission>
