UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended June 30, 2007
AMERICAN FINANCIAL GROUP, INC.
One East Fourth Street, Cincinnati, Ohio 45202
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(Name and Address of Institutional Investment Manager Filing this Report)
Form 13F File Number: 28-4389
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Robert H. Ruffing
Vice President and Controller
(513) 579-2144
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(Name, Title and Phone Number of Person Signing
this Report on Behalf of Reporting Manager)
Signature:
/s/Robert H. Ruffing Cincinnati, Ohio August 10, 2007
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Robert H. Ruffing
Vice President and Controller
Report Type:
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
FORM 13F SUMMARY PAGE
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Number of Other Included Managers: 3
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Form 13F Information Table Entry Total: 192
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Form 13F Information Table Value Total (thousands): $1,795,357
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Name and 13F file numbers of all Institutional Investment Managers with respect
to which this schedule is filed (other than American Financial Group, Inc.):
Number 13F File Number Name of Subsidiary
------ --------------- ------------------------------------
1. 28-498 Great American Insurance Company
2. Unassigned Great American Financial Resources Inc
3. Unassigned Great American Life Insurance Company
FORM 13F INFORMATION TABLE
Column 4: Column 5: Column 8:
Column 2: Market Shares or Column 6: Column 7: Voting Authority
Column 1: Title of Column 3: Value Principal Investment Other ---------------------------
Name of Issuer Class CUSIP (000's) Amount Discretion Managers Sole Shared None
-------------- ---------------- ----------- --------- ------------ ---------- -------- ---------- ------ ---------
HOLDINGS OF AMERICAN FINANCIAL GROUP
------------------------------------
ACE LTD ORD G0070K 10 3 3,939 63,000SH Sole 63,000
BERKLEY W R CORP COM 084423 10 2 3,807 117,000SH Sole 117,000
CHUBB CORP COM 171232 10 1 3,844 71,000SH Sole 71,000
GREAT AMERN FINL RES INC COM 389915 10 9 233,228 9,641,500SH Sole 9,641,500
PHILADELPHIA CONS HLDG CORP COM 717528 10 3 3,929 94,000SH Sole 94,000
RELIANT ENERGY INC COM 75952B 10 5 311 11,547SH Sole 11,547
SEACOR HOLDINGS INC COM 811904 10 1 493 5,280SH Sole 5,280
HOLDINGS OF GREAT AMERICAN
INSURANCE COMPANY
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GLOBAL CROSSING LTD SHS NEW G3921A 17 5 123 6,521SH Defined 1 6,521
ALASKA AIR GROUP INC COM 011659 10 9 2,354 84,500SH Defined " 84,500
ALLIANCE RES PARTNER L P UT LTD PART 01877R 10 8 545 13,000SH Defined " 13,000
ALPHA NATURAL RESOURCES INC COM 02076X 10 2 547 26,300SH Defined " 26,300
AMGEN INC COM 031162 10 0 1,935 35,000SH Defined " 35,000
ARCHER DANIELS MIDLAND CO COM 039483 10 2 1,191 36,000SH Defined " 36,000
BANK OF AMERICA CORPORATION COM 060505 10 4 8,311 170,000SH Defined " 170,000
BLACK BOX CORP DEL COM 091826 10 7 4,608 111,350SH Defined " 111,350
BORDERS GROUP INC COM 099709 10 7 210 11,000SH Defined " 11,000
BOSTON SCIENTIFIC CORP COM 101137 10 7 4,314 281,250SH Defined " 281,250
CBS CORP NEW CL B 124857 20 2 1,433 43,000SH Defined " 43,000
CV THERAPEUTICS INC COM 126667 10 4 1,044 79,000SH Defined " 79,000
CABLEVISION SYS CORP CL A NY CABLVS 12686C 10 9 2,964 81,900SH Defined " 81,900
CITADEL BROADCASTING CORP COM 17285T 10 6 91 14,053SH Defined " 14,053
CINTAS CORP COM 172908 10 5 2,366 60,000SH Defined " 60,000
CITIGROUP INC COM 172967 10 1 18,208 355,000SH Defined " 355,000
CLEAR CHANNEL COMMUNICATIONS COM 184502 10 2 2,458 65,000SH Defined " 65,000
CLEARWIRE CORP CL A 185385 30 9 1,222 50,000SH Defined " 50,000
COLONIAL BANCGROUP INC COM 195493 30 9 2,996 120,000SH Defined " 120,000
COMPASS DIVERSIFIED TR SH BEN INT 20451Q 10 4 2,833 158,900SH Defined " 158,900
COMPUCREDIT CORP COM 20478N 10 0 3,927 112,136SH Defined " 112,136
DELTA AIR LINES INC DEL COM NEW 247361 70 2 3,061 155,388SH Defined " 155,388
DISNEY WALT CO COM DISNEY 254687 10 6 6,248 183,000SH Defined " 183,000
DORAL FINL CORP COM 25811P 10 0 14 11,550SH Defined " 11,550
EMBARQ CORP COM 29078E 10 5 705 11,130SH Defined " 11,130
ENERGY EAST CORP COM 29266M 10 9 530 20,300SH Defined " 20,300
FEDERAL NATL MTG ASSN COM 313586 10 9 2,548 39,000SH Defined " 39,000
FIFTH THIRD BANCORP COM 316773 10 0 2,090 52,563SH Defined " 52,563
FIRST HORIZON NATL CORP COM 320517 10 5 1,950 50,000SH Defined " 50,000
FLAGSTAR BANCORP INC COM 337930 10 1 1,988 165,000SH Defined " 165,000
FLEETWOOD ENTERPRISES INC COM 339099 10 3 151 16,700SH Defined " 16,700
GENERAL ELECTRIC CO COM 369604 10 3 517 13,500SH Defined " 13,500
GLOBALSTAR INC COM 378973 40 8 43 4,134SH Defined " 4,134
GREAT AMERN FINL RES INC COM 389915 10 9 699,684 28,924,495SH Defined " 28,924,495
HARTFORD FINL SVCS GROUP INC COM 416515 10 4 1,478 15,000SH Defined " 15,000
HOME DEPOT INC COM 437076 10 2 2,420 61,500SH Defined " 61,500
INFINERA CORPORATION COM 45667G 10 3 6,710 269,259SH Defined " 269,259
INSTEEL INDUSTRIES INC COM 45774W 10 8 810 45,000SH Defined " 45,000
JP MORGAN CHASE & CO COM 46625H 10 0 1,696 35,000SH Defined " 35,000
JOHNSON & JOHNSON COM 478160 10 4 11,246 182,500SH Defined " 182,500
KBR INC COM 48242W 10 6 4,239 161,600SH Defined " 161,600
LANDRYS RESTAURANTS INC COM 51508L 10 3 5,084 168,000SH Defined " 168,000
LOWES COS INC COM 548661 10 7 1,841 60,000SH Defined " 60,000
M D C HLDGS INC COM 552676 10 8 1,344 27,800SH Defined " 27,800
NATIONAL CITY CORP COM 635405 10 3 72,484 2,175,392SH Defined " 2,175,392
NATIONAL INTERSTATE CORP COM 63654U 10 0 266,016 10,200,000SH Defined " 10,200,000
NEWS CORP CL A 65248E 10 4 2,651 125,000SH Defined " 125,000
NEWS CORP CL B 65248E 20 3 1,055 46,000SH Defined " 46,000
NEWSTAR FINANCIAL INC COM 65251F 10 5 854 60,000SH Defined " 60,000
PANERA BREAD CO CL A 69840W 10 8 4,261 92,500SH Defined " 92,500
PATTERSON UTI ENERGY INC COM 703481 10 1 1,048 40,000SH Defined " 40,000
PEPCO HOLDINGS INC COM 713291 10 2 1,142 40,500SH Defined " 40,500
PFIZER INC COM 717081 10 3 10,612 415,000SH Defined " 415,000
PORTLAND GEN ELEC CO COM NEW 736508 84 7 125 4,538SH Defined " 4,538
PULTE HOMES INC COM 745867 10 1 393 17,500SH Defined " 17,500
ROWAN COS INC COM 779382 10 0 5,327 130,000SH Defined " 130,000
SPDR TR UNIT SER 1 78462F 10 3 7,522 50,000SH Defined " 50,000
SARA LEE CORP COM 803111 10 3 870 50,000SH Defined " 50,000
SEACOR HOLDINGS INC COM 811904 10 1 323 3,463SH Defined " 3,463
SIRTRIS PHARMACEUTICALS INC COM 82968A 10 5 783 79,300SH Defined " 79,300
SPRINT NEXTEL CORP COM FON 852061 10 0 10,875 525,100SH Defined " 525,100
TIME WARNER INC COM 887317 10 5 550 26,149SH Defined " 26,149
TOLL BROTHERS INC COM 889478 10 3 962 38,500SH Defined " 38,500
TORTOISE ENERGY CAP CORP COM 89147U 10 0 775 25,800SH Defined " 25,800
TYCO INTL LTD NEW COM 902124 10 6 6,674 197,500SH Defined " 197,500
UAL CORP COM NEW 902549 80 7 1,732 42,677SH Defined " 42,677
US BANCORP DEL COM NEW 902973 30 4 395 12,000SH Defined " 12,000
U S AIRWAYS GROUP INC COM 90341W 10 8 5,872 194,000SH Defined " 194,000
VIACOM INC NEW CL B 92553P 20 1 2,831 68,000SH Defined " 68,000
VIRGIN MEDIA INC COM 92769L 10 1 17,127 702,807SH Defined " 702,807
WACHOVIA CORP NEW COM 929903 10 2 10,865 212,000SH Defined " 212,000
WALTER INDS INC COM 93317Q 10 5 130 4,487SH Defined " 4,487
YAHOO INC COM 984332 10 6 2,876 106,000SH Defined " 106,000
ZENITH NATL INS CORP COM 989390 10 9 1,745 37,050SH Defined " 37,050
HOLDINGS OF GREAT AMERICAN
LIFE INSURANCE COMPANY
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ALASKA AIR GROUP INC COM 011659 10 9 3,446 123,700SH Defined 1,2,3 123,700
ALLIANCE RES PARTNER L P UT LTD PART 01877R 10 8 2,145 51,124SH Defined " 51,124
ALPHA NATURAL RESOURCES INC COM 02076X 10 2 1,620 77,900SH Defined " 77,900
AMGEN INC COM 031162 10 0 1,935 35,000SH Defined " 35,000
ARCHER DANIELS MIDLAND CO COM 039483 10 2 1,191 36,000SH Defined " 36,000
BANK OF AMERICA CORPORATION COM 060505 10 4 4,889 100,000SH Defined " 100,000
BLACK BOX CORP DEL COM 091826 10 7 4,608 111,350SH Defined " 111,350
BORDERS GROUP INC COM 099709 10 7 210 11,000SH Defined " 11,000
BOSTON SCIENTIFIC CORP COM 101137 10 7 4,744 309,250SH Defined " 309,250
CBS CORP NEW CL B 124857 20 2 3,182 95,500SH Defined " 95,500
CV THERAPEUTICS INC COM 126667 10 4 1,281 97,000SH Defined " 97,000
CABLEVISION SYS CORP CL A NY CABLVS 12686C 10 9 4,549 125,700SH Defined " 125,700
CITADEL BROADCASTING CORP COM 17285T 10 6 91 14,053SH Defined " 14,053
CINTAS CORP COM 172908 10 5 2,366 60,000SH Defined " 60,000
CITIGROUP INC COM 172967 10 1 6,155 120,000SH Defined " 120,000
CLEAR CHANNEL COMMUNICATIONS COM 184502 10 2 2,458 65,000SH Defined " 65,000
CLEARWIRE CORP CL A 185385 30 9 1,222 50,000SH Defined " 50,000
COLONIAL BANCGROUP INC COM 195493 30 9 2,497 100,000SH Defined " 100,000
COMPASS DIVERSIFIED TR SH BEN INT 20451Q 10 4 2,860 160,400SH Defined " 160,400
COMPUCREDIT CORP COM 20478N 10 0 3,455 98,672SH Defined " 98,672
DELTA AIR LINES INC DEL COM NEW 247361 70 2 3,052 154,945SH Defined " 154,945
DISNEY WALT CO COM DISNEY 254687 10 6 6,248 183,000SH Defined " 183,000
DORAL FINL CORP COM 25811P 10 0 18 15,440SH Defined " 15,440
EMBARQ CORP COM 29078E 10 5 755 11,910SH Defined " 11,910
FEDERAL HOME LN MTG CORP COM 313400 30 1 2,003 33,000SH Defined " 33,000
FEDERAL NATL MTG ASSN COM 313586 10 9 2,548 39,000SH Defined " 39,000
FIFTH THIRD BANCORP COM 316773 10 0 2,032 51,100SH Defined " 51,100
FLAGSTAR BANCORP INC COM 337930 10 1 1,988 165,000SH Defined " 165,000
FLEETWOOD ENTERPRISES INC COM 339099 10 3 226 25,000SH Defined " 25,000
GENERAL ELECTRIC CO COM 369604 10 3 2,852 74,500SH Defined " 74,500
GLOBALSTAR INC COM 378973 40 8 128 12,402SH Defined " 12,402
HARTFORD FINL SVCS GROUP INC COM 416515 10 4 1,478 15,000SH Defined " 15,000
HOME DEPOT INC COM 437076 10 2 2,420 61,500SH Defined " 61,500
INFINERA CORPORATION COM 45667G 10 3 10,065 403,888SH Defined " 403,888
INSTEEL INDUSTRIES INC COM 45774W 10 8 823 45,716SH Defined " 45,716
JP MORGAN CHASE & CO COM 46625H 10 0 184 3,800SH Defined " 3,800
JOHNSON & JOHNSON COM 478160 10 4 12,324 200,000SH Defined " 200,000
KBR INC COM 48242W 10 6 4,265 162,600SH Defined " 162,600
LANDRYS RESTAURANTS INC COM 51508L 10 3 5,093 168,300SH Defined " 168,300
LOWES COS INC COM 548661 10 7 3,646 118,804SH Defined " 118,804
M D C HLDGS INC COM 552676 10 8 1,615 33,400SH Defined " 33,400
NRG ENERGY INC COM NEW 629377 50 8 2,218 53,350SH Defined " 53,350
NEWS CORP CL A 65248E 10 4 2,651 125,000SH Defined " 125,000
NEWS CORP CL B 65248E 20 3 1,468 64,000SH Defined " 64,000
NEWSTAR FINANCIAL INC COM 65251F 10 5 1,281 90,000SH Defined " 90,000
NUVEEN FLTNG RTE INCM OPP FD COM SHS 6706EN 10 0 1,118 78,300SH Defined " 78,300
PANERA BREAD CO CL A 69840W 10 8 4,265 92,600SH Defined " 92,600
PATTERSON UTI ENERGY INC COM 703481 10 1 1,048 40,000SH Defined " 40,000
PFIZER INC COM 717081 10 3 7,287 285,000SH Defined " 285,000
PIMCO HIGH INCOME FD COM SHS 722014 10 7 1,896 122,800SH Defined " 122,800
PULTE HOMES INC COM 745867 10 1 842 37,500SH Defined " 37,500
ROWAN COS INC COM 779382 10 0 5,327 130,000SH Defined " 130,000
SPDR TR UNIT SER 1 78462F 10 3 7,522 50,000SH Defined " 50,000
SEACOR HOLDINGS INC COM 811904 10 1 988 10,585SH Defined " 10,585
SIRTRIS PHARMACEUTICALS INC COM 82968A 10 5 784 79,400SH Defined " 79,400
SPRINT NEXTEL CORP COM FON 852061 10 0 14,387 694,700SH Defined " 694,700
TOLL BROTHERS INC COM 889478 10 3 962 38,500SH Defined " 38,500
TORTOISE ENERGY CAP CORP COM 89147U 10 0 3,621 120,500SH Defined " 120,500
TYCO INTL LTD NEW COM 902124 10 6 10,559 312,500SH Defined " 312,500
UAL CORP COM NEW 902549 80 7 2,955 72,798SH Defined " 72,798
US BANCORP DEL COM NEW 902973 30 4 362 11,000SH Defined " 11,000
U S AIRWAYS GROUP INC COM 90341W 10 8 6,175 204,000SH Defined " 204,000
VIACOM INC NEW CL B 92553P 20 1 5,016 120,500SH Defined " 120,500
VIRGIN MEDIA INC COM 92769L 10 1 10,908 447,588SH Defined " 447,588
WACHOVIA CORP NEW COM 929903 10 2 6,048 118,000SH Defined " 118,000
WALTER INDS INC COM 93317Q 10 5 23 800SH Defined " 800
YAHOO INC COM 984332 10 6 7,664 282,500SH Defined " 282,500
HOLDINGS OF OTHER ENTITIES
EACH HAVING LESS THAN
$100 MILLION IN 13F SECURITIES
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GLOBAL CROSSING LTD SHS NEW G3921A 17 5 268 14,224SH Defined 1,2,3 14,224
ALASKA AIR GROUP INC COM 011659 10 9 936 33,600SH Defined 1 33,600
ALPHA NATURAL RESOURCES INC COM 02076X 10 2 832 40,000SH Defined " 40,000
BANK OF AMERICA CORPORATION COM 060505 10 4 4,890 100,000SH Defined 100,000
BOSTON SCIENTIFIC CORP COM 101137 10 7 384 25,000SH Defined 25,000
BRISTOL MYERS SQUIBB CO COM 110122 10 8 316 10,000SH Defined 1 10,000
CITIGROUP INC COM 172967 10 1 109 2,133SH Defined " 2,133
COMPUCREDIT CORP COM 20478N 10 0 525 15,000SH Defined 1,2,3 15,000
DELTA AIR LINES INC DEL COM NEW 247361 70 2 1,299 65,926SH Defined " 65,926
DOMINION RES INC VA NEW COM 25746U 10 9 292 3,380SH Defined 1 3,380
EATON VANCE TAX MNG GBL DV E COM 27829F 10 8 293 15,000SH Defined " 15,000
EMBARQ CORP COM 29078E 10 5 48 750SH Defined 750
ENERGY EAST CORP COM 29266M 10 9 522 20,000SH Defined 20,000
FEDERAL HOME LN MTG CORP COM 313400 30 1 2,003 33,000SH Defined 33,000
GENERAL ELECTRIC CO COM 369604 10 3 2,334 61,000SH Defined 61,000
GREAT AMERN FINL RES INC COM 389915 10 9 24 983SH Defined 983
ING GLOBAL EQTY DIV & PREM O COM 45684E 10 7 208 10,000SH Defined 1 10,000
ISHARES TR DJ US TELECOMM 464287 71 3 322 9,550SH Defined " 9,550
JOHNSON & JOHNSON COM 478160 10 4 1,078 17,500SH Defined 17,500
LOWES COS INC COM 548661 10 7 1,688 55,000SH Defined 55,000
M D C HLDGS INC COM 552676 10 8 266 5,500SH Defined 5,500
MANAGED HIGH YIELD PLUS FD I COM 561911 10 8 49 10,000SH Defined 1 10,000
NRG ENERGY INC COM NEW 629377 50 8 1,483 35,678SH Defined 1,2,3 35,678
NATIONAL CITY CORP COM 635405 10 3 2,544 76,359SH Defined 76,359
PEPCO HOLDINGS INC COM 713291 10 2 282 10,000SH Defined 1 10,000
PFIZER INC COM 717081 10 3 1,406 55,000SH Defined 55,000
PORTLAND GEN ELEC CO COM NEW 736508 84 7 110 3,990SH Defined 1 3,990
POWERSHARES ETF TRUST DYNAMIC MKT PT 73935X 10 4 475 8,900SH Defined " 8,900
POWERSHARES ETF TRUST HI YLD EQ DVDN 73935X 30 2 328 21,300SH Defined " 21,300
PULTE HOMES INC COM 745867 10 1 449 20,000SH Defined 20,000
SEACOR HOLDINGS INC COM 811904 10 1 522 5,591SH Defined 5,591
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y 10 0 229 5,660SH Defined 1 5,660
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y 20 9 1,418 40,150SH Defined " 40,150
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y 30 8 948 35,060SH Defined " 35,060
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y 40 7 988 25,120SH Defined " 25,120
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y 50 6 1,131 16,400SH Defined " 16,400
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y 70 4 1,104 28,285SH Defined " 28,285
SPRINT NEXTEL CORP COM FON 852061 10 0 3,479 168,000SH Defined " 168,000
UAL CORP COM NEW 902549 80 7 1,637 40,318SH Defined 1,2,3 40,318
U S AIRWAYS GROUP INC COM 90341W 10 8 303 10,000SH Defined 10,000
VIRGIN MEDIA INC COM 92769L 10 1 16,571 680,000SH Defined 1,2,3 680,000
WACHOVIA CORP NEW COM 929903 10 2 1,538 30,000SH Defined 30,000
WALTER INDS INC COM 93317Q 10 5 406 14,000SH Defined 1,2,3 14,000
YAHOO INC COM 984332 10 6 4,775 176,000SH Defined 176,000
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REPORT TOTAL $1,795,357
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