UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended September 30, 2004
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.
Fred J. Runk
Senior Vice President and Treasurer
(513) 579-2489
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(Name, Title and Phone Number of Person Signing
this Report on Behalf of Reporting Manager)
Signature:
s/Fred J. Runk Cincinnati, Ohio November 15, 2004
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Fred J. Runk
Senior Vice President and Treasurer
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: 2
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Form 13F Information Table Entry Total: 91
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Form 13F Information Table Value Total (thousands): $ 1,094,097
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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, Inc.
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 5 108 6,521SH Defined 1 6,521
AMERICAN ELEC PWR INC COM 025537 10 1 4,251 133,000SH Defined " 133,000
BANK OF AMERICA CORPORATION COM 060505 10 4 16,491 380,588SH Defined " 380,588
CABLEVISION SYS CORP CL A NY CABLVS 12686C 10 9 1,886 93,000SH Defined " 93,000
CITIGROUP INC COM 172967 10 1 12,354 280,000SH Defined " 280,000
COMCAST CORP NEW CL A 20030N 10 1 569 20,153SH Defined " 20,153
COMCAST CORP NEW CL A SPL 20030N 20 0 1,529 54,760SH Defined " 54,760
DPL INC COM 233293 10 9 8,800 427,600SH Defined " 427,600
ENERGY EAST CORP COM 29266M 10 9 2,022 80,300SH Defined " 80,300
FIFTH THIRD BANCORP COM 316773 10 0 2,363 48,000SH Defined " 48,000
GREAT AMERN FINL RES INC COM 389915 10 9 589,674 38,565,995SH Defined " 38,565,995
INTERNATIONAL STL GROUP INC COM 460377 10 4 1,156 34,300SH Defined " 34,300
JPMORGAN & CHASE & CO COM 46625H 10 0 3,178 80,000SH Defined " 80,000
KROGER CO COM 501044 10 1 116 7,500SH Defined " 7,500
MARSH SUPERMARKETS INC CL B 571783 20 8 6,750 602,644SH Defined " 602,644
MARSH SUPERMARKETS INC CL A 571783 30 7 7,879 709,844SH Defined " 709,844
MERCK & CO INC COM 589331 10 7 1,650 50,000SH Defined " 50,000
NTL INC DEL COM 62940M 10 4 5,837 94,040SH Defined " 92,040
NATIONAL CITY CORP COM 635405 10 3 254,111 6,579,789SH Defined " 6,579,789
NISOURCE INC COM 65473P 10 5 3,257 155,000SH Defined " 155,000
PNC FINL SVCS GROUP INC COM 693475 10 5 3,462 64,000SH Defined " 64,000
PEPCO HOLDINGS INC COM 713291 10 2 1,801 90,500SH Defined " 90,500
PFIZER INC COM 717081 10 3 5,202 170,000SH Defined " 170,000
PROGRESS ENERGY INC COM 743263 10 5 4,010 94,700SH Defined " 94,700
QWEST COMMUNICATIONS INTL IN COM 749121 10 9 60 17,902SH Defined " 17,902
SBC COMMUNICATIONS INC COM 78387G 10 3 1,557 60,000SH Defined " 60,000
SARA LEE CORP COM 803111 10 3 1,143 50,000SH Defined " 50,000
SEABULK INTL INC COM 81169P 10 1 543 52,456SH Defined " 52,456
SUNTERRA CORP COM NEW 86787D 20 8 619 65,000SH Defined " 65,000
SUNTRUST BKS INC COM 867914 10 3 2,816 40,000SH Defined " 40,000
TIME WARNER INC COM 887317 10 5 422 26,149SH Defined " 26,149
TORTOISE ENERGY INFRSTRCTR C COM 89147L 10 0 1,300 50,000SH Defined " 50,000
TYCO INTL LTD NEW COM 902124 10 6 1,380 45,000SH Defined " 45,000
US BANCORP DEL COM NEW 902973 30 4 3,757 130,000SH Defined " 130,000
UNITED AUTO GROUP INC COM 909440 10 9 994 39,600SH Defined " 39,600
VIACOM INC CL B 925524 30 8 1,510 45,000SH Defined " 45,000
WACHOVIA CORP 2ND NEW COM 929903 10 2 1,291 27,500SH Defined " 27,500
WALTER INDS INC COM 93317Q 10 5 1,900 118,600SH Defined " 118,600
WASHINGTON MUT INC COM 939322 10 3 4,558 116,634SH Defined " 116,634
ZENITH NATL INS CORP COM 989390 10 9 1,045 24,700SH Defined " 24,700
HOLDINGS OF OTHER ENTITIES
EACH HAVING LESS THAN
$100 MILLION IN 13F SECURITIES
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GLOBAL CROSSING LTD SHS NEW G3921A 17 5 235 14,224SH Defined 1,2 14,224
ALLIANCE RES PARTNER L P UT LTD PART 01877R 10 8 1,130 20,302SH Defined " 20,302
BANK OF AMERICA CORPORATION COM 060505 10 4 2 48SH Sole 48
BANK OF AMERICA CORPORATION COM 060505 10 4 1,733 40,000SH Defined 1,2 40,000
BRISTOL MYERS SQUIBB CO COM 110122 10 8 237 10,000SH Defined 1 10,000
BRISTOL MYERS SQUIBB CO COM 110122 10 8 237 10,000SH Other 10,000
CABLEVISION SYS CORP CL A NY CABLVS 12686C 10 9 7,352 362,500SH Defined 1,2 362,500
CABLEVISION SYS CORP CL A NY CABLVS 12686C 10 9 896 44,177SH Other 44,177
CITIGROUP INC COM 172967 10 1 3,088 70,000SH Defined 1,2 70,000
COMCAST CORP NEW CL A 20030N 10 1 1,548 54,800SH Other 54,800
COMCAST CORP NEW CL A SPL 20030N 20 0 7,790 279,000SH Defined 1,2 279,000
CONAGRA FOODS INC COM 205887 10 2 563 21,900SH Defined 1 21,900
DPL INC COM 233293 10 9 1,852 90,000SH Defined " 90,000
DPL INC COM 233293 10 9 206 10,000SH Other 10,000
DOMINION RES INC VA NEW COM 25746U 10 9 1,520 23,300SH Defined 1 23,300
ENERGY EAST CORP COM 29266M 10 9 2,014 80,000SH Defined " 80,000
FIFTH THIRD BANCORP COM 316773 10 0 4,336 88,100SH Defined 1,2 88,100
JOHN HANCOCK BK &THRIFT OPP SH BEN INT 409735 10 7 661 67,200SH Other 67,200
HOST MARRIOTT CORP NEW COM 44107P 10 4 142 10,110SH Other 10,110
INTERNATIONAL STL GROUP INC COM 460377 10 4 2,224 66,000SH Defined 1,2 66,000
KROGER CO COM 501044 10 1 39 2,500SH Defined " 2,500
LAIDLAW INTL INC COM 50730R 10 2 1,128 68,543SH Defined " 68,543
LEUCADIA NATL CORP COM 527288 10 4 1,493 26,352SH Sole 26,352
MERCK & CO INC COM 589331 10 7 330 10,000SH Defined 1 10,000
METLIFE INC COM 59156R 10 8 1,898 49,115SH Sole 49,115
NRG ENERGY INC COM NEW 629377 50 8 1,169 43,411SH Defined 1,2 43,411
NTL INC DEL COM 62940M 10 4 16,391 264,065SH Defined " 264,065
NATIONAL CITY CORP COM 635405 10 3 23,503 608,563SH Defined " 608,563
NATIONAL CITY CORP COM 635405 10 3 1,993 51,603SH Other 51,603
NISOURCE INC COM 65473P 10 5 630 30,000SH Defined 1 30,000
PEPCO HOLDINGS INC COM 713291 10 2 398 20,000SH Defined " 20,000
PFIZER INC COM 717081 10 3 1,530 50,000SH Defined 1,2 50,000
PIMCO HIGH INCOME FD COM SHS 722014 10 7 6,161 417,700SH Defined " 417,700
POPULAR INC COM 733174 10 6 9,958 378,640SH Defined " 378,640
SBC COMMUNICATIONS INC COM 78387G 10 3 519 20,000SH Defined 1 20,000
SANTANDER BANCORP COM 802809 10 3 832 33,275SH Defined 1,2 33,275
SEABULK INTL INC COM 81169P 10 1 203 19,600SH Sole 19,600
SEABULK INTL INC COM 81169P 10 1 2,206 213,201SH Defined 1,2 213,201
SEABULK INTL INC COM 81169P 10 1 1,014 98,000SH Other 98,000
SUNTERRA CORP COM NEW 86787D 20 8 1,430 150,000SH Defined 1,2 150,000
SUNTRUST BKS INC COM 867914 10 3 2,816 40,000SH Defined " 40,000
TORTOISE ENERGY INFRSTRCTR C COM 89147L 10 0 1,300 50,000SH Defined " 50,000
US BANCORP DEL COM NEW 902973 30 4 1,445 50,000SH Defined " 50,000
US BANCORP DEL COM NEW 902973 30 4 823 28,462SH Other 28,462
UNITED AUTO GROUP INC COM 909440 10 9 1,463 58,300SH Defined 1,2 58,300
VIACOM INC CL B 925524 30 8 4,531 135,000SH Defined " 135,000
VIACOM INC CL B 925524 30 8 336 10,000SH Other 10,000
WACHOVIA CORP 2ND NEW COM 929903 10 2 1,291 27,500SH Defined 1,2 27,500
WALTER INDS INC COM 93317Q 10 5 2,049 127,900SH Defined " 127,900
WASHINGTON MUT INC COM 939322 10 3 2,684 68,679SH Defined " 68,679
ZENITH NATL INS CORP COM 989390 10 9 1,417 33,500SH Other 33,500
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REPORT TOTAL $1,094,097
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