Andrew Andersen

Meyer Shields

Michael Zaremski

C. Gregory Peters

Robert Farnam

Charles Peters

Jon Paul Newsome

- American Financial Group, Inc. (AFG) entered into a Purchase Agreement on **September 16, 2025**, for the issuance and sale of **$350 million** aggregate principal amount of **5.000% Senior Notes due September 2035**.  **[1042046_0001140361-25-035826_ef20055919_8k.htm:1]** **[1042046_0001140361-25-035826_ef20055919_ex1.htm:0]** **[1042046_0001140361-25-035826_ef20055919_ex1.htm:1]** 
- The Senior Notes will be issued under an indenture supplemented by the **Tenth Supplemental Indenture dated September 23, 2025**.  **[1042046_0001140361-25-035826_ef20055919_8k.htm:1]** **[1042046_0001140361-25-035826_ef20055919_ex1.htm:1]** 
- The notes have a **final maturity date of September 23, 2035**, with **interest payable semi-annually on March 23 and September 23** of each year.  **[1042046_0001140361-25-035826_ef20055919_ex4-2.htm:1]** 
- AFG has the option to redeem the notes prior to the **Par Call Date of June 23, 2035**, at a redemption price based on the Treasury Rate plus 20 basis points, or at **100% of the principal amount** on or after the Par Call Date.  **[1042046_0001140361-25-035826_ef20055919_ex4-2.htm:1]** **[1042046_0001140361-25-035826_ef20055919_ex4-2.htm:5]** **[1042046_0001140361-25-035826_ef20055919_ex4-2.htm:18]**

AMERICAN FINANCIAL GROUP (AFG)