UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended December 31, 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 February 13, 2008
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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: 2
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Form 13F Information Table Entry Total: 199
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Form 13F Information Table Value Total (thousands): $931,992
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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 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 GREAT AMERICAN INSURANCE COMPANY
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COVIDIEN LTD COM G2552X 10 8 2,187 49,375SH Defined 1 49,375
GLOBAL CROSSING LTD SHS NEW G3921A 17 5 144 6,521SH Defined " 6,521
TYCO INTL LTD BERMUDA SHS G9143X 20 8 1,958 49,375SH Defined " 49,375
TYCO ELECTRONICS LTD COM NEW G9144P 10 5 1,833 49,375SH Defined " 49,375
AMR CORP COM 001765 10 6 2,385 170,000SH Defined " 170,000
ALASKA AIR GROUP INC COM 011659 10 9 2,308 92,300SH Defined " 92,300
ALLIANCE RES PARTNER L P UT LTD PART 01877R 10 8 472 13,000SH Defined " 13,000
AMERICAN COMMERCIAL LINES COM NEW 025195 20 7 4,563 281,000SH Defined " 281,000
AMERICAN RAILCAR INDS INC COM 02916P 10 3 3,128 162,500SH Defined " 162,500
AMGEN INC COM 031162 10 0 1,625 35,000SH Defined " 35,000
BANK OF AMERICA CORPORATION COM 060505 10 4 14,441 350,000SH Defined " 350,000
BLACK BOX CORP DEL COM 091826 10 7 4,028 111,350SH Defined " 111,350
BORDERS GROUP INC COM 099709 10 7 117 11,000SH Defined " 11,000
BOSTON SCIENTIFIC CORP COM 101137 10 7 3,271 281,250SH Defined " 281,250
BURLINGTON NORTHN SANTA FE C COM 12189T 10 4 11,944 143,500SH Defined " 143,500
CBS CORP NEW CL B 124857 20 2 1,172 43,000SH Defined " 43,000
CV THERAPEUTICS INC COM 126667 10 4 715 79,000SH Defined " 79,000
CABLEVISION SYS CORP CL A NY CABLVS 12686C 10 9 2,007 81,900SH Defined " 81,900
CALAMP CORP COM 128126 10 9 389 139,750SH Defined " 139,750
CITADEL BROADCASTING CORP COM 17285T 10 6 565 274,053SH Defined " 274,053
CINTAS CORP COM 172908 10 5 4,623 137,500SH Defined " 137,500
CITIGROUP INC COM 172967 10 1 18,106 615,000SH Defined " 615,000
CLEARWIRE CORP CL A 185385 30 9 548 40,000SH Defined " 40,000
COLONIAL BANCGROUP INC COM 195493 30 9 3,791 280,000SH Defined " 280,000
COMCAST CORP NEW CL A 20030N 10 1 6,482 355,000SH Defined " 355,000
COMPRASS DIVERSIFIED HOLDING SH BEN INT 20451Q 10 4 3,576 240,000SH Defined " 240,000
COMPUCREDIT CORP COM 20478N 10 0 221 22,136SH Defined " 22,136
DELTA AIR LINES INC DEL COM NEW 247361 70 2 4,305 289,149SH Defined " 289,149
DISNEY WALT CO COM DISNEY 254687 10 6 5,907 183,000SH Defined " 183,000
EMBARQ CORP COM 29078E 10 5 551 11,130SH Defined " 11,130
ENERGY EAST CORP COM 29266M 10 9 552 20,300SH Defined " 20,300
FEDERAL NATL MTG ASSN COM 313586 10 9 1,559 39,000SH Defined " 39,000
FIFTH THIRD BANCORP COM 316773 10 0 2,668 106,151SH Defined " 106,151
FIRST HORIZON NATL CORP COM 320517 10 5 4,901 270,000SH Defined " 270,000
FLAGSTAR BANCORP INC COM 337930 10 1 1,150 165,000SH Defined " 165,000
FLEETWOOD ENTERPRISES INC COM 339099 10 3 100 16,700SH Defined " 16,700
GLOBALSTAR INC COM 378973 40 8 43 4,134SH Defined " 4,134
HOME DEPOT INC COM 437076 10 2 4,351 161,500SH Defined " 161,500
INFINERA CORPORATION COM 45667G 10 3 2,139 144,159SH Defined " 144,159
INSTEEL INDUSTRIES INC COM 45774W 10 8 375 32,000SH Defined " 32,000
JOHNSON & JOHNSON COM 478160 10 4 12,173 182,500SH Defined " 182,500
K12 INC COM 48273U 10 2 5,259 203,275SH Defined " 203,275
KOHLS CORP COM 500255 10 4 8,130 177,500SH Defined " 177,500
LANDRYS RESTAURANTS INC COM 51508L 10 3 3,507 178,000SH Defined " 178,000
LOWES COS INC COM 548661 10 7 2,126 94,000SH Defined " 94,000
MACYS INC COM 55616P 10 4 2,070 80,000SH Defined " 80,000
NATIONAL CITY CORP COM 635405 10 3 41,239 2,505,392SH Defined " 2,505,392
NATIONAL INTERSTATE CORP COM 63654U 10 0 337,620 10,200,000SH Defined " 10,200,000
NEWS CORP CL A 65248E 10 4 2,561 125,000SH Defined " 125,000
NEWS CORP CL B 65248E 20 3 978 46,000SH Defined " 46,000
NEWSTAR FINANCIAL INC COM 65251F 10 5 192 23,200SH Defined " 23,200
NOVA BIOSOURCE FUELS INC COM 65488W 10 3 862 297,250SH Defined " 297,250
NORTHWEST AIRLS CORP COM 667280 40 8 1,016 70,000SH Defined " 70,000
O CHARLEYS INC COM 670823 10 3 839 56,000SH Defined " 56,000
PANERA BREAD CO CL A 69840W 10 8 7,074 197,500SH Defined " 197,500
PATTERSON UTI ENERGY INC COM 703481 10 1 781 40,000SH Defined " 40,000
PEPCO HOLDINGS INC COM 713291 10 2 1,188 40,500SH Defined " 40,500
PFIZER INC COM 717081 10 3 9,433 415,000SH Defined " 415,000
PORTLAND GEN ELEC CO COM NEW 736508 84 7 126 4,538SH Defined " 4,538
PULTE HOMES INC COM 745867 10 1 184 17,500SH Defined " 17,500
REDDY ICE HLDGS INC COM 75734R 10 5 1,301 51,400SH Defined " 51,400
SPDR TR UNIT SER 1 78462F 10 3 5,848 40,000SH Defined " 40,000
SARA LEE CORP COM 803111 10 3 803 50,000SH Defined " 50,000
SEACOR HOLDINGS INC COM 811904 10 1 321 3,463SH Defined " 3,463
SIRTRIS PHARMACEUTICALS INC COM 82968A 10 5 1,236 90,300SH Defined " 90,300
SPRINT NEXTEL CORP COM SER 1 852061 10 0 7,814 595,100SH Defined " 595,100
THORNBURG MTG INC PFD CONV SER F 885218 70 1 2,880 120,000SH Defined " 120,000
TIME WARNER INC COM 887317 10 5 432 26,149SH Defined " 26,149
TORTOISE ENERGY CAP CORP COM 89147U 10 0 651 25,800SH Defined " 25,800
TRINITY INDS INC COM 896522 10 9 6,177 222,500SH Defined " 222,500
UAL CORP COM NEW 902549 80 7 822 23,051SH Defined " 23,051
VIRGIN MEDIA INC COM 92769L 10 1 12,646 737,807SH Defined " 737,807
WACHOVIA CORP NEW COM 929903 10 2 18,521 487,000SH Defined " 487,000
WATTS WATER TECHNOLOGIES INC CL A 942749 10 2 894 30,000SH Defined " 30,000
YAHOO INC COM 984332 10 6 5,862 252,000SH Defined " 252,000
ZENITH NATL INS CORP COM 989390 10 9 1,657 37,050SH Defined " 37,050
HOLDINGS OF GREAT AMERICAN
LIFE INSURANCE COMPANY
----------------------------
COVIDIEN LTD COM G2552X 10 8 3,460 78,125SH Defined 2 78,125
TYCO INTL LTD BERMUDA SHS G9143X 20 8 3,098 78,125SH Defined " 78,125
TYCO ELECTRONICS LTD COM NEW G9144P 10 5 2,901 78,125SH Defined " 78,125
ALASKA AIR GROUP INC COM 011659 10 9 3,289 131,500SH Defined " 131,500
ALLIANCE RES PARTNER L P UT LTD PART 01877R 10 8 1,854 51,124SH Defined " 51,124
AMERICAN COMMERCIAL LINES COM NEW 025195 20 7 4,888 301,000SH Defined " 301,000
AMERICAN RAILCAR INDS INC COM 02916P 10 3 2,175 113,000SH Defined " 113,000
AMGEN INC COM 031162 10 0 1,625 35,000SH Defined " 35,000
BANK OF AMERICA CORPORATION COM 060505 10 4 4,126 100,000SH Defined " 100,000
BLACK BOX CORP DEL COM 091826 10 7 4,028 111,350SH Defined " 111,350
BORDERS GROUP INC COM 099709 10 7 117 11,000SH Defined " 11,000
BOSTON SCIENTIFIC CORP COM 101137 10 7 3,597 309,250SH Defined " 309,250
BURLINGTON NORTHN SANTA FE C COM 12189T 10 4 33 400SH Defined " 400
CBS CORP NEW CL B 124857 20 2 2,602 95,500SH Defined " 95,500
CV THERAPEUTICS INC COM 126667 10 4 878 97,000SH Defined " 97,000
CABLEVISION SYS CORP CL A NY CABLVS 12686C 10 9 3,080 125,700SH Defined " 125,700
CALAMP CORP COM 128126 10 9 391 140,750SH Defined " 140,750
CITADEL BROADCASTING CORP COM 17285T 10 6 563 273,323SH Defined " 273,323
CINTAS CORP COM 172908 10 5 4,623 137,500SH Defined " 137,500
CITIGROUP INC COM 172967 10 1 3,533 120,000SH Defined " 120,000
CLEARWIRE CORP CL A 185385 30 9 548 40,000SH Defined " 40,000
COLONIAL BANCGROUP INC COM 195493 30 9 1,625 120,000SH Defined " 120,000
COMCAST CORP NEW CL A 20030N 10 1 8,947 490,000SH Defined " 490,000
COMPRASS DIVERSIFIED HOLDING SH BEN INT 20451Q 10 4 3,604 241,900SH Defined " 241,900
COMPUCREDIT CORP COM 20478N 10 0 87 8,672SH Defined " 8,672
DELTA AIR LINES INC DEL COM NEW 247361 70 2 3,722 249,945SH Defined " 249,945
DISNEY WALT CO COM DISNEY 254687 10 6 5,907 183,000SH Defined " 183,000
FEDERAL HOME LN MTG CORP COM 313400 30 1 1,124 33,000SH Defined " 33,000
FEDERAL NATL MTG ASSN COM 313586 10 9 1,559 39,000SH Defined " 39,000
FIFTH THIRD BANCORP COM 316773 10 0 1,284 51,100SH Defined " 51,100
FIRST HORIZON NATL CORP COM 320517 10 5 817 45,000SH Defined " 45,000
FLAGSTAR BANCORP INC COM 337930 10 1 1,150 165,000SH Defined " 165,000
FLEETWOOD ENTERPRISES INC COM 339099 10 3 150 25,000SH Defined " 25,000
GLOBALSTAR INC COM 378973 40 8 128 12,402SH Defined " 12,402
HOME DEPOT INC COM 437076 10 2 4,620 171,500SH Defined " 171,500
INFINERA CORPORATION COM 45667G 10 3 3,196 215,388SH Defined " 215,388
INSTEEL INDUSTRIES INC COM 45774W 10 8 378 32,216SH Defined " 32,216
K12 INC COM 48273U 10 2 5,259 203,275SH Defined " 203,275
KOHLS CORP COM 500255 10 4 7,214 157,500SH Defined " 157,500
LANDRYS RESTAURANTS INC COM 51508L 10 3 3,513 178,300SH Defined " 178,300
LOWES COS INC COM 548661 10 7 3,728 164,804SH Defined " 164,804
MACYS INC COM 55616P 10 4 3,104 120,000SH Defined " 120,000
NRG ENERGY INC COM NEW 629377 50 8 2,312 53,350SH Defined " 53,350
NEWS CORP CL A 65248E 10 4 2,561 125,000SH Defined " 125,000
NEWS CORP CL B 65248E 20 3 1,360 64,000SH Defined " 64,000
NEWSTAR FINANCIAL INC COM 65251F 10 5 301 36,300SH Defined " 36,300
NOVA BIOSOURCE FUELS INC COM 65488W 10 3 863 297,750SH Defined " 297,750
NUVEEN FLTNG RTE INCM OPP FD COM SHS 6706EN 10 0 902 78,300SH Defined " 78,300
O CHARLEYS INC COM 670823 10 3 1,899 126,756SH Defined " 126,756
PANERA BREAD CO CL A 69840W 10 8 5,645 157,600SH Defined " 157,600
PATTERSON UTI ENERGY INC COM 703481 10 1 781 40,000SH Defined " 40,000
PFIZER INC COM 717081 10 3 6,478 285,000SH Defined " 285,000
PIMCO HIGH INCOME FD COM SHS 722014 10 7 1,465 122,800SH Defined " 122,800
PULTE HOMES INC COM 745867 10 1 395 37,500SH Defined " 37,500
REDDY ICE HLDGS INC COM 75734R 10 5 1,307 51,650SH Defined " 51,650
SEACOR HOLDINGS INC COM 811904 10 1 982 10,585SH Defined " 10,585
SIRTRIS PHARMACEUTICALS INC COM 82968A 10 5 1,244 90,900SH Defined " 90,900
SPRINT NEXTEL CORP COM SER 1 852061 10 0 9,121 694,700SH Defined " 694,700
THORNBURG MTG INC PFD CONV SER F 885218 70 1 4,800 200,000SH Defined " 200,000
TORTOISE ENERGY CAP CORP COM 89147U 10 0 2,169 85,900SH Defined " 85,900
TRINITY INDS INC COM 896522 10 9 6,177 222,500SH Defined " 222,500
UAL CORP COM NEW 902549 80 7 1,883 52,798SH Defined " 52,798
VIRGIN MEDIA INC COM 92769L 10 1 8,272 482,588SH Defined " 482,588
WACHOVIA CORP NEW COM 929903 10 2 6,009 158,000SH Defined " 158,000
WATTS WATER TECHNOLOGIES INC CL A 942749 10 2 5,474 183,700SH Defined " 183,700
YAHOO INC COM 984332 10 6 9,130 392,500SH Defined " 392,500
HOLDINGS OF OTHER ENTITIES
EACH HAVING LESS THAN
$100 MILLION IN 13F SECURITIES
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ACE LTD ORD G0070K 10 3 3,892 63,000SH Sole 63,000
GLOBAL CROSSING LTD SHS NEW G3921A 17 5 314 14,224SH Defined 2 14,224
AMR CORP COM 001765 10 6 3,298 235,000SH Defined " 235,000
ALASKA AIR GROUP INC COM 011659 10 9 840 33,600SH Defined 1 33,600
AMERICAN COMMERCIAL LINES COM NEW 025195 20 7 649 40,000SH Defined 2 40,000
AMERICAN RAILCAR INDS INC COM 02916P 10 3 963 50,000SH Defined " 50,000
BANK OF AMERICA CORPORATION COM 060505 10 4 2,888 70,000SH Defined 70,000
BERKLEY W R CORP COM 084423 10 2 3,488 117,000SH Sole 117,000
BOSTON SCIENTIFIC CORP COM 101137 10 7 291 25,000SH Defined 25,000
BRISTOL MYERS SQUIBB CO COM 110122 10 8 265 10,000SH Defined 1 10,000
CHUBB CORP COM 171232 10 1 3,875 71,000SH Sole 71,000
CITIGROUP INC COM 172967 10 1 3,003 102,000SH Defined 102,000
COLONIAL BANCGROUP INC COM 195493 30 9 2,032 150,000SH Defined 150,000
COMCAST CORP NEW CL A 20030N 10 1 13,604 745,000SH Defined 2 745,000
COMPUCREDIT CORP COM 20478N 10 0 150 15,000SH Defined " 15,000
DELTA AIR LINES INC DEL COM NEW 247361 70 2 1,493 100,233SH Defined 1,2 100,233
EATON VANCE TAX MNG GBL DV E COM 27829F 10 8 496 30,000SH Defined 1 30,000
EMBARQ CORP COM 29078E 10 5 37 750SH Defined 750
ENERGY EAST CORP COM 29266M 10 9 544 20,000SH Defined 20,000
FEDERAL HOME LN MTG CORP COM 313400 30 1 1,124 33,000SH Defined 33,000
FIRST HORIZON NATL CORP COM 320517 10 5 1,180 65,000SH Defined 65,000
ING GLOBAL EQTY DIV & PREM O COM 45684E 10 7 166 10,000SH Defined 1 10,000
ISHARES TR MSCI EAFE IDX 464287 46 5 3,376 43,000SH Defined " 43,000
ISHARES TR DJ US TELECOMM 464287 71 3 282 9,550SH Defined " 9,550
ISHARES TR DJ US TECH SEC 464287 72 1 1,280 20,500SH Defined " 20,500
JOHNSON & JOHNSON COM 478160 10 4 1,167 17,500SH Defined 17,500
LOWES COS INC COM 548661 10 7 1,244 55,000SH Defined 55,000
MANAGED HIGH YIELD PLUS FD I COM 561911 10 8 37 10,000SH Defined 1 10,000
NRG ENERGY INC COM NEW 629377 50 8 1,546 35,678SH Defined 2 35,678
NATIONAL CITY CORP COM 635405 10 3 1,256 76,359SH Defined 76,359
NORTHWEST AIRLS CORP COM 667280 40 8 726 50,000SH Defined 50,000
O CHARLEYS INC COM 670823 10 3 1,044 69,698SH Defined 69,698
PEPCO HOLDINGS INC COM 713291 10 2 293 10,000SH Defined 1 10,000
PFIZER INC COM 717081 10 3 1,250 55,000SH Defined 55,000
PHILADELPHIA CONS HLDG CORP COM 717528 10 3 3,699 94,000SH Sole 94,000
PORTLAND GEN ELEC CO COM NEW 736508 84 7 111 3,990SH Defined 1 3,990
POWERSHARES ETF TRUST DYNAMIC MKT PT 73935X 10 4 1,265 24,400SH Defined " 24,400
POWERSHARES ETF TRUST HI YLD EQ DVDN 73935X 30 2 284 21,300SH Defined " 21,300
PULTE HOMES INC COM 745867 10 1 211 20,000SH Defined 20,000
REDDY ICE HLDGS INC COM 75734R 10 5 2,045 80,781SH Defined 2 80,781
RELIANT ENERGY INC COM 75952B 10 5 303 11,547SH Sole 11,547
ROYAL BK SCOTLAND GROUP PLC ADR PREF SHS R 780097 74 7 191 10,000SH Defined 1 10,000
SPDR TR UNIT SER 1 78462F 10 3 5,410 37,000SH Defined " 37,000
SEACOR HOLDINGS INC COM 811904 10 1 490 5,280SH Sole 5,280
SEACOR HOLDINGS INC COM 811904 10 1 519 5,591SH Defined 5,591
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y 10 0 236 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 1,010 35,060SH Defined " 35,060
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y 40 7 1,672 51,120SH Defined " 51,120
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y 60 5 1,533 53,000SH Defined " 53,000
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y 88 6 317 7,500SH Defined " 7,500
SPRINT NEXTEL CORP COM SER 1 852061 10 0 1,286 98,000SH Defined " 98,000
UAL CORP COM NEW 902549 80 7 1,438 40,318SH Defined 2 40,318
VIRGIN MEDIA INC COM 92769L 10 1 11,654 680,000SH Defined " 680,000
WACHOVIA CORP NEW COM 929903 10 2 3,233 85,000SH Defined 85,000
WATTS WATER TECHNOLOGIES INC CL A 942749 10 2 7,840 263,100SH Defined 2 263,100
YAHOO INC COM 984332 10 6 3,256 140,000SH Defined 140,000
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REPORT TOTAL $931,992
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