American Financial Group Inc

1. 1

   Election of 12 Directors

   ManagementBoard: FOR

   Elect 12 nominees (incumbent directors) to the Board to hold office until the next annual meeting and until their successors are elected and qualified.

2. 2

   Ratification of Appointment of Independent Registered Public Accounting Firm

   ManagementBoard: FOR

   Ratify the Audit Committee’s appointment of Ernst & Young LLP as AFG’s independent registered public accounting firm for 2026.

3. 3

   Advisory Vote on Compensation of our Named Executive Officers (Say-on-Pay

   ManagementBoard: FOR

   Cast a non-binding, advisory vote to approve the compensation of the Company’s named executive officers as disclosed in the proxy statement (Say-on-Pay).

   More detail

   This advisory (non-binding) Say-on-Pay Proposal asks shareholders to approve the Company’s compensation of its named executive officers as disclosed in the proxy materials. Management is seeking shareholder approval to validate its pay practices and to obtain shareholder feedback on compensation design, which the Compensation Committee uses when reviewing program structure and awards. The Company emphasizes a pay-for-performance framework: a substantial portion of executive pay is variable and tied to objective annual and multi-year performance metrics (Operating EPS, ROE, and relative growth in book value per share), long-term equity awards with four-year cliff vesting, a double-trigger for change-in-control acceleration, and clawback policies for restatements. Notable context includes AFG’s dual Co-CEO leadership structure and substantial insider ownership by the Co-CEOs, which the Board cites as aligning management and shareholder interests but which also affects benchmarking and external perceptions of CEO pay. The Compensation Committee highlights that incentive goals are set against business plans and peer groups and that its programs combine absolute and relative metrics to balance short- and long-term performance without encouraging excessive risk-taking. The vote is advisory and not binding, but the Board and Compensation Committee state they will carefully review results and consider them in future compensation decisions. In evaluating the merits, a sophisticated analyst should weigh the plan’s heavy emphasis on objective metrics and long-term equity vesting and recoupment features against potential governance concerns raised by the longstanding Co-CEO structure and concentrated family ownership, and consider historical shareholder support for Say-on-Pay as well as the Company’s disclosed pay outcomes and retention features. Overall, management presents the proposal as a request for ratification of an executive compensation program designed to align pay with sustained shareholder value and prudent risk management, and it recommends a vote FOR on those grounds.

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When is the American Financial Group Inc 2026 annual meeting?

American Financial Group Inc (AFG) holds its 2026 annual shareholder meeting on Wednesday, May 20, 2026.

What is the record date for the American Financial Group Inc 2026 meeting?

The record date for the American Financial Group Inc 2026 meeting is Friday, March 27, 2026. Shareholders of record on or before that date are eligible to vote.

Who are the director nominees for American Financial Group Inc's 2026 meeting?

The board is presenting 12 director nominees at the American Financial Group Inc 2026 meeting, listed with their independence status and background.

What proposals will shareholders vote on at the American Financial Group Inc 2026 meeting?

Shareholders will vote on 3 proposals at the American Financial Group Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.