UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended - December 31, 2005
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, 2006
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Robert H. Ruffing
Vice President and Controller
Report Type:
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
Page 1 of 4
FORM 13F SUMMARY PAGE
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Number of Other Included Managers: 3
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Form 13F Information Table Entry Total: 121
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Form 13F Information Table Value Total (thousands): $ 1,358,550
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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
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1. 28-498 Great American Insurance Company
2. Unassigned Great American Financial Resources
3. Unassigned Great American Life Insurance Company
Page 2
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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GLOBAL CROSSING LTD SHS NEW G3921A 17 5 105 6,521SH Defined 1 6,521
AT&T INC COM 00206R 10 2 1,483 60,555SH Defined " 60,555
ALLIANCE RES PARTNER L P UT LTD PART 01877R 10 8 484 13,000SH Defined " 13,000
ALPHA NATURAL RESOURCES INC COM 02076X 10 2 5,062 263,500SH Defined " 263,500
ARCHER DANIELS MIDLAND CO COM 039483 10 2 1,628 66,000SH Defined " 66,000
BOSTON SCIENTIFIC CORP COM 101137 10 7 4,139 169,000SH Defined " 169,000
CBS CORP NEW CL B 124857 20 2 1,034 43,000SH Defined " 43,000
CV THERAPEUTICS INC COM 126667 10 4 1,855 75,000SH Defined " 75,000
CABLEVISION SYS CORP CL A NY CABLVS 12686C 10 9 5,210 222,000SH Defined " 222,000
CITIGROUP INC COM 172967 10 1 16,743 345,000SH Defined " 345,000
COMCAST CORP NEW CL A 20030N 10 1 522 20,153SH Defined " 20,153
COMCAST CORP NEW CL A SPL 20030N 20 0 3,719 144,760SH Defined " 144,760
DISNEY WALT CO COM DISNEY 254687 10 6 6,544 273,000SH Defined " 273,000
DORAL FINL CORP COM 25811P 10 0 122 11,550SH Defined " 11,550
ENERGY EAST CORP COM 29266M 10 9 463 20,300SH Defined " 20,300
FEDERAL NATL MTG ASSN COM 313586 10 9 3,905 80,000SH Defined " 80,000
FIFTH THIRD BANCORP COM 316773 10 0 3,831 101,563SH Defined " 101,563
FIRST MARBLEHEAD CORP COM 320771 10 8 1,314 40,000SH Defined " 40,000
FLAGSTAR BANCORP INC COM 337930 10 1 2,376 165,000SH Defined " 165,000
FLEETWOOD ENTERPRISES INC COM 339099 10 3 642 52,000SH Defined " 52,000
GENTEK INC COM NEW 37245X 20 3 447 25,000SH Defined " 25,000
GREAT AMERN FINL RES INC COM 389915 10 9 765,149 38,565,995SH Defined " 38,565,995
INSTEEL INDUSTRIES INC COM 45774W 10 8 558 33,700SH Defined " 33,700
JP MORGAN CHASE & CO COM 46625H 10 0 5,160 130,000SH Defined " 130,000
JOHNSON & JOHNSON COM 478160 10 4 1,202 20,000SH Defined " 20,000
MARSH SUPERMARKETS INC CL B 571783 20 8 4,157 479,444SH Defined " 479,444
MARSH SUPERMARKETS INC CL A 571783 30 7 5,058 577,358SH Defined " 577,358
MERCK & CO INC COM 589331 10 7 1,591 50,000SH Defined " 50,000
MITTAL STEEL CO N V NY REG SH CL A 60684P 10 1 3,254 123,568SH Defined " 123,568
NTL INC DEL COM 62940M 10 4 11,065 162,523SH Defined " 162,523
NATIONAL CITY CORP COM 635405 10 3 89,813 2,675,392SH Defined " 2,675,392
NATIONAL INTERSTATE CORP COM 63654U 10 0 194,514 10,200,000SH Defined " 10,200,000
NEWS CORP CL A 65248E 10 4 1,944 125,000SH Defined " 125,000
NEWS CORP CL B 65248E 20 3 2,741 165,000SH Defined " 165,000
PEPCO HOLDINGS INC COM 713291 10 2 906 40,500SH Defined " 40,500
PFIZER INC COM 717081 10 3 9,678 415,000SH Defined " 415,000
QWEST COMMUNICATIONS INTL IN COM 749121 10 9 101 17,902SH Defined " 17,902
SARA LEE CORP COM 803111 10 3 945 50,000SH Defined " 50,000
SEACOR HOLDINGS INC COM 811904 10 1 236 3,463SH Defined " 3,463
SUNTERRA CORP COM NEW 86787D 20 8 924 65,000SH Defined " 65,000
TIME WARNER INC COM 887317 10 5 456 26,149SH Defined " 26,149
TORTOISE ENERGY CAP CORP COM 89147U 10 0 574 25,800SH Defined " 25,800
TYCO INTL LTD NEW COM 902124 10 6 2,597 90,000SH Defined " 90,000
US BANCORP DEL COM NEW 902973 30 4 1,883 63,000SH Defined " 63,000
VIACOM INC CL B 92553P 20 1 1,769 43,000SH Defined " 43,000
ZENITH NATL INS CORP COM 989390 10 9 1,709 37,050SH Defined " 37,050
HOLDINGS OF GREAT AMERICAN LIFE INSURANCE COMPANY
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ALLIANCE RES PARTNER L P UT LTD PART 01877R 10 8 1,902 51,124SH Defined 1,2,3 51,124
ALPHA NATURAL RESOURCES INC COM 02076X 10 2 5,796 301,700SH Defined " 301,700
ARCHER DANIELS MIDLAND CO COM 039483 10 2 1,628 66,000SH Defined " 66,000
BOSTON SCIENTIFIC CORP COM 101137 10 7 4,212 172,000SH Defined " 172,000
CBS CORP NEW CL B 124857 20 2 2,297 95,500SH Defined " 95,500
CV THERAPEUTICS INC COM 126667 10 4 2,275 92,000SH Defined " 92,000
CABLEVISION SYS CORP CL A NY CABLVS 12686C 10 9 8,027 342,000SH Defined " 342,000
CITIGROUP INC COM 172967 10 1 5,338 110,000SH Defined " 110,000
COMCAST CORP NEW CL A SPL 20030N 20 0 9,480 369,000SH Defined " 369,000
DISNEY WALT CO COM DISNEY 254687 10 6 6,544 273,000SH Defined " 273,000
DORAL FINL CORP COM 25811P 10 0 164 15,440SH Defined " 15,440
FEDERAL NATL MTG ASSN COM 313586 10 9 3,905 80,000SH Defined " 80,000
FIFTH THIRD BANCORP COM 316773 10 0 3,776 100,100SH Defined " 100,100
FIRST MARBLEHEAD CORP COM 320771 10 8 1,397 42,500SH Defined " 42,500
FLAGSTAR BANCORP INC COM 337930 10 1 2,376 165,000SH Defined " 165,000
FLEETWOOD ENTERPRISES INC COM 339099 10 3 963 78,000SH Defined " 78,000
GENTEK INC COM NEW 37245X 20 3 715 40,000SH Defined " 40,000
INSTEEL INDUSTRIES INC COM 45774W 10 8 5,603 338,134SH Defined " 338,134
JP MORGAN CHASE & CO COM 46625H 10 0 794 20,000SH Defined " 20,000
JOHNSON & JOHNSON COM 478160 10 4 1,202 20,000SH Defined " 20,000
MITTAL STEEL CO N V NY REG SH CL A 60684P 10 1 3,474 131,925SH Defined " 131,925
NRG ENERGY INC COM NEW 629377 50 8 1,226 26,014SH Defined " 26,014
NTL INC DEL COM 62940M 10 4 22,607 332,065SH Defined " 332,065
NEWS CORP CL A 65248E 10 4 1,944 125,000SH Defined " 125,000
NEWS CORP CL B 65248E 20 3 3,073 185,000SH Defined " 185,000
NUVEEN FLTNG RTE INCM OPP FD COM SHS 6706EN 10 0 978 78,300SH Defined " 78,300
PFIZER INC COM 717081 10 3 6,646 285,000SH Defined " 285,000
PIMCO HIGH INCOME FD COM SHS 722014 10 7 2,523 172,800SH Defined " 172,800
SEACOR HOLDINGS INC COM 811904 10 1 721 10,585SH Defined " 10,585
SUNTERRA CORP COM NEW 86787D 20 8 2,133 150,000SH Defined " 150,000
TORTOISE ENERGY CAP CORP COM 89147U 10 0 2,680 120,500SH Defined " 120,500
TYCO INTL LTD NEW COM 902124 10 6 5,916 205,000SH Defined " 205,000
US BANCORP DEL COM NEW 902973 30 4 1,853 62,000SH Defined " 62,000
VIACOM INC NEW CL B 92553P 20 1 3,930 95,500SH Defined " 95,500
HOLDINGS OF OTHER ENTITIES
EACH HAVING LESS THAN
$100 MILLION IN 13F SECURITIES
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GLOBAL CROSSING LTD SHS NEW G3921A 17 5 228 14,224SH Defined 1,2,3 14,224
AT&T INC COM 00206R 10 2 490 20,000SH Defined 1 20,000
ALLIANCE RES PARTNER L P UT LTD PART 01877R 10 8 744 20,000SH Other 20,000
ALPHA NATURAL RESOURCES INC COM 02076X 10 2 768 40,000SH Defined 1 40,000
ALPHA NATURAL RESOURCES INC COM 02076X 10 2 3,035 158,000SH Other 158,000
ARCHER DANIELS MIDLAND CO COM 039483 10 2 1,060 43,000SH Other 43,000
BOSTON SCIENTIFIC CORP COM 101137 10 7 3,747 153,000SH Other 153,000
BRISTOL MYERS SQUIBB CO COM 110122 10 8 230 10,000SH Defined 1 10,000
BRISTOL MYERS SQUIBB CO COM 110122 10 8 230 10,000SH Other 10,000
CBS CORP NEW CL B 124857 20 2 1,373 57,100SH Other 57,100
CV THERAPEUTICS INC COM 126667 10 4 495 20,000SH Other 20,000
CABLEVISION SYS CORP CL A NY CABLVS 12686C 10 9 3,051 130,000SH Other 130,000
CITIGROUP INC COM 172967 10 1 3,640 75,000SH Other 75,000
COMCAST CORP NEW CL A SPL 20030N 20 0 1,413 55,000SH Other 55,000
DISNEY WALT CO COM DISNEY 254687 10 6 4,434 185,000SH Other 185,000
DORAL FINL CORP COM 25811P 10 0 98 9,210SH Defined 1,2,3 9,210
ENERGY EAST CORP COM 29266M 10 9 456 20,000SH Defined 1 20,000
FEDERAL NATL MTG ASSN COM 313586 10 9 2,441 50,000SH Other 50,000
FIFTH THIRD BANCORP COM 316773 10 0 1,697 45,000SH Other 45,000
JOHN HANCOCK BK &THRIFT OPP SH BEN INT 409735 10 7 625 67,200SH Other 67,200
HOST MARRIOTT CORP NEW COM 44107P 10 4 192 10,110SH Other 10,110
JP MORGAN CHASE & CO COM 46625H 10 0 1,985 50,000SH Other 50,000
JOHNSON & JOHNSON COM 478160 10 4 1,202 20,000SH Other 20,000
LAIDLAW INTL INC COM 50730R 10 2 1,592 68,543SH Defined 1,2,3 68,543
MERCK & CO INC COM 589331 10 7 318 10,000SH Defined 1 10,000
MITTAL STEEL CO N V NY REG SH CL A 60684P 10 1 1,580 60,000SH Other 60,000
NRG ENERGY INC COM NEW 629377 50 8 820 17,397SH Defined 1,2,3 17,397
NTL INC DEL COM 62940M 10 4 5,080 74,618SH Other 74,618
NATIONAL CITY CORP COM 635405 10 3 2,563 76,359SH Defined 1 76,359
NATIONAL CITY CORP COM 635405 10 3 433 12,903SH Other 12,903
NEWS CORP CL A 65248E 10 4 622 40,000SH Other 40,000
NEWS CORP CL B 65248E 20 3 332 20,000SH Other 20,000
PEPCO HOLDINGS INC COM 713291 10 2 224 10,000SH Defined 1 10,000
PFIZER INC COM 717081 10 3 1,283 55,000SH Defined " 55,000
PFIZER INC COM 717081 10 3 3,381 145,000SH Other 145,000
SANTANDER BANCORP COM 802809 10 3 836 33,275SH Defined 1,2,3 33,275
SEACOR HOLDINGS INC COM 811904 10 1 381 5,591SH Defined 1 5,591
SEACOR HOLDINGS INC COM 811904 10 1 360 5,280SH Sole 5,280
TYCO INTL LTD NEW COM 902124 10 6 3,752 130,000SH Other 130,000
US BANCORP DEL COM NEW 902973 30 4 1,299 43,462SH Other 43,462
VIACOM INC NEW CL B 92553P 20 1 2,350 57,100SH Other 57,100
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REPORT TOTAL $1,358,550
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