UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended March 31, 2006
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 May 10, 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: 132
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Form 13F Information Table Value Total (thousands): $ 1,403,010
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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
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 5 173 6,521SH Defined 1 6,521
AT&T INC COM 00206R 10 2 1,637 60,555SH Defined " 60,555
ALLIANCE RES PARTNER L P UT LTD PART 01877R 10 8 469 13,000SH Defined " 13,000
ALPHA NATURAL RESOURCES INC COM 02076X 10 2 6,097 263,500SH Defined " 263,500
ARCHER DANIELS MIDLAND CO COM 039483 10 2 3,062 91,000SH Defined " 91,000
BOSTON SCIENTIFIC CORP COM 101137 10 7 4,241 184,000SH Defined " 184,000
CBS CORP NEW CL B 124857 20 2 1,031 43,000SH Defined " 43,000
CV THERAPEUTICS INC COM 126667 10 4 1,038 47,000SH Defined " 47,000
CABLEVISION SYS CORP CL A NY CABLVS 12686C 10 9 5,927 222,000SH Defined " 222,000
CITIGROUP INC COM 172967 10 1 16,294 345,000SH Defined " 345,000
COMCAST CORP NEW CL A 20030N 10 1 527 20,153SH Defined " 20,153
COMCAST CORP NEW CL A SPL 20030N 20 0 3,781 144,760SH Defined " 144,760
DISNEY WALT CO COM DISNEY 254687 10 6 7,614 273,000SH Defined " 273,000
DORAL FINL CORP COM 25811P 10 0 133 11,550SH Defined " 11,550
ENERGY EAST CORP COM 29266M 10 9 493 20,300SH Defined " 20,300
FEDERAL NATL MTG ASSN COM 313586 10 9 3,033 59,000SH Defined " 59,000
FIFTH THIRD BANCORP COM 316773 10 0 2,069 52,563SH Defined " 52,563
FLAGSTAR BANCORP INC COM 337930 10 1 2,492 165,000SH Defined " 165,000
FLEETWOOD ENTERPRISES INC COM 339099 10 3 187 16,700SH Defined " 16,700
GENTEK INC COM NEW 37245X 20 3 110 5,300SH Defined " 5,300
GREAT AMERN FINL RES INC COM 389915 10 9 760,907 38,565,995SH Defined " 38,565,995
JP MORGAN CHASE & CO COM 46625H 10 0 1,457 35,000SH Defined " 35,000
JOHNSON & JOHNSON COM 478160 10 4 3,553 60,000SH Defined " 60,000
M D C HLDGS INC COM 552676 10 8 720 11,200SH Defined " 11,200
MARSH SUPERMARKETS INC CL B 571783 20 8 3,955 479,444SH Defined " 479,444
MARSH SUPERMARKETS INC CL A 571783 30 7 5,248 577,358SH Defined " 577,358
MERCK & CO INC COM 589331 10 7 1,762 50,000SH Defined " 50,000
MITTAL STEEL CO N V NY REG SH CL A 60684P 10 1 1,229 32,568SH Defined " 32,568
NTL INC NEW COM 62941W 10 1 11,828 406,307SH Defined " 406,307
NATIONAL CITY CORP COM 635405 10 3 93,371 2,675,392SH Defined " 2,675,392
NATIONAL INTERSTATE CORP COM 63654U 10 0 221,850 10,200,000SH Defined " 10,200,000
NEWS CORP CL A 65248E 10 4 2,076 125,000SH Defined " 125,000
NEWS CORP CL B 65248E 20 3 2,897 165,000SH Defined " 165,000
PEPCO HOLDINGS INC COM 713291 10 2 923 40,500SH Defined " 40,500
PFIZER INC COM 717081 10 3 10,342 415,000SH Defined " 415,000
PULTE HOMES INC COM 745867 10 1 1,153 30,000SH Defined " 30,000
QWEST COMMUNICATIONS INTL IN COM 749121 10 9 122 17,902SH Defined " 17,902
SARA LEE CORP COM 803111 10 3 894 50,000SH Defined " 50,000
SEACOR HOLDINGS INC COM 811904 10 1 274 3,463SH Defined " 3,463
SPRINT NEXTEL CORP COM FON 852061 10 0 5,752 222,600SH Defined " 222,600
SUNTERRA CORP COM NEW 86787D 20 8 928 65,000SH Defined " 65,000
TIME WARNER INC COM 887317 10 5 439 26,149SH Defined " 26,149
TOLL BROTHERS INC COM 889478 10 3 1,108 32,000SH Defined " 32,000
TORTOISE ENERGY CAP CORP COM 89147U 10 0 586 25,800SH Defined " 25,800
TYCO INTL LTD NEW COM 902124 10 6 5,309 197,500SH Defined " 197,500
UAL CORP COM NEW 902549 80 7 937 23,469SH Defined " 23,469
US BANCORP DEL COM NEW 902973 30 4 1,342 44,000SH Defined " 44,000
VIACOM INC NEW CL B 92553P 20 1 1,668 43,000SH Defined " 43,000
ZENITH NATL INS CORP COM 989390 10 9 1,783 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 1,846 51,124SH Defined 1,2,3 51,124
ALPHA NATURAL RESOURCES INC COM 02076X 10 2 6,981 301,700SH Defined " 301,700
ARCHER DANIELS MIDLAND CO COM 039483 10 2 3,062 91,000SH Defined " 91,000
BOSTON SCIENTIFIC CORP COM 101137 10 7 4,310 187,000SH Defined " 187,000
CBS CORP NEW CL B 124857 20 2 2,290 95,500SH Defined " 95,500
CV THERAPEUTICS INC COM 126667 10 4 1,259 57,000SH Defined " 57,000
CABLEVISION SYS CORP CL A NY CABLVS 12686C 10 9 9,131 342,000SH Defined " 342,000
CITIGROUP INC COM 172967 10 1 5,195 110,000SH Defined " 110,000
COMCAST CORP NEW CL A SPL 20030N 20 0 9,638 369,000SH Defined " 369,000
DISNEY WALT CO COM DISNEY 254687 10 6 7,614 273,000SH Defined " 273,000
DORAL FINL CORP COM 25811P 10 0 178 15,440SH Defined " 15,440
FEDERAL NATL MTG ASSN COM 313586 10 9 3,033 59,000SH Defined " 59,000
FIFTH THIRD BANCORP COM 316773 10 0 2,011 51,100SH Defined " 51,100
FLAGSTAR BANCORP INC COM 337930 10 1 2,492 165,000SH Defined " 165,000
FLEETWOOD ENTERPRISES INC COM 339099 10 3 279 25,000SH Defined " 25,000
GENTEK INC COM NEW 37245X 20 3 413 19,850SH Defined " 19,850
JP MORGAN CHASE & CO COM 46625H 10 0 158 3,800SH Defined " 3,800
JOHNSON & JOHNSON COM 478160 10 4 3,553 60,000SH Defined " 60,000
M D C HLDGS INC COM 552676 10 8 727 11,300SH Defined " 11,300
MITTAL STEEL CO N V NY REG SH CL A 60684P 10 1 1,281 33,925SH Defined " 33,925
NRG ENERGY INC COM NEW 629377 50 8 1,176 26,014SH Defined " 26,014
NTL INC NEW COM 62941W 10 1 24,166 830,162SH Defined " 830,162
NEWS CORP CL A 65248E 10 4 2,076 125,000SH Defined " 125,000
NEWS CORP CL B 65248E 20 3 3,249 185,000SH Defined " 185,000
NUVEEN FLTNG RTE INCM OPP FD COM SHS 6706EN 10 0 1,038 78,300SH Defined " 78,300
PFIZER INC COM 717081 10 3 7,102 285,000SH Defined " 285,000
PIMCO HIGH INCOME FD COM SHS 722014 10 7 2,604 172,800SH Defined " 172,800
PULTE HOMES INC COM 745867 10 1 1,153 30,000SH Defined " 30,000
SEACOR HOLDINGS INC COM 811904 10 1 838 10,585SH Defined " 10,585
SPRINT NEXTEL CORP COM FON 852061 10 0 6,155 238,200SH Defined " 238,200
SUNTERRA CORP COM NEW 86787D 20 8 2,142 150,000SH Defined " 150,000
TOLL BROTHERS INC COM 889478 10 3 1,108 32,000SH Defined " 32,000
TORTOISE ENERGY CAP CORP COM 89147U 10 0 2,739 120,500SH Defined " 120,500
TYCO INTL LTD NEW COM 902124 10 6 8,400 312,500SH Defined " 312,500
UAL CORP COM NEW 902549 80 7 1,078 27,004SH Defined " 27,004
US BANCORP DEL COM NEW 902973 30 4 1,312 43,000SH Defined " 43,000
VIACOM INC NEW CL B 92553P 20 1 3,705 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 5 377 14,224SH Defined 1,2,3 14,224
AT&T INC COM 00206R 10 2 541 20,000SH Defined 1 20,000
ALLIANCE RES PARTNER L P UT LTD PART 01877R 10 8 722 20,000SH Other 20,000
ALPHA NATURAL RESOURCES INC COM 02076X 10 2 926 40,000SH Defined 1 40,000
ALPHA NATURAL RESOURCES INC COM 02076X 10 2 3,656 158,000SH Other 158,000
ARCHER DANIELS MIDLAND CO COM 039483 10 2 1,447 43,000SH Other 43,000
BOSTON SCIENTIFIC CORP COM 101137 10 7 3,757 163,000SH Other 163,000
BRISTOL MYERS SQUIBB CO COM 110122 10 8 246 10,000SH Defined 1 10,000
BRISTOL MYERS SQUIBB CO COM 110122 10 8 246 10,000SH Other 10,000
CBS CORP NEW CL B 124857 20 2 1,369 57,100SH Other 57,100
CV THERAPEUTICS INC COM 126667 10 4 287 13,000SH Other 13,000
CABLEVISION SYS CORP CL A NY CABLVS 12686C 10 9 3,471 130,000SH Other 130,000
CITIGROUP INC COM 172967 10 1 3,542 75,000SH Other 75,000
COMCAST CORP NEW CL A SPL 20030N 20 0 1,437 55,000SH Other 55,000
DISNEY WALT CO COM DISNEY 254687 10 6 5,160 185,000SH Other 185,000
ENERGY EAST CORP COM 29266M 10 9 486 20,000SH Defined 1 20,000
FEDERAL NATL MTG ASSN COM 313586 10 9 1,902 37,000SH Other 37,000
FIFTH THIRD BANCORP COM 316773 10 0 905 23,000SH Other 23,000
JOHN HANCOCK BK &THRIFT OPP SH BEN INT 409735 10 7 644 67,200SH Other 67,200
HOST MARRIOTT CORP NEW COM 44107P 10 4 216 10,110SH Other 10,110
JP MORGAN CHASE & CO COM 46625H 10 0 541 13,000SH Other 13,000
JOHNSON & JOHNSON COM 478160 10 4 1,184 20,000SH Other 20,000
LAIDLAW INTL INC COM 50730R 10 2 1,864 68,543SH Defined 1,2,3 68,543
M D C HLDGS INC COM 552676 10 8 482 7,500SH Other 7,500
MERCK & CO INC COM 589331 10 7 352 10,000SH Defined 1 10,000
MITTAL STEEL CO N V NY REG SH CL A 60684P 10 1 264 7,000SH Other 7,000
NRG ENERGY INC COM NEW 629377 50 8 787 17,397SH Defined 1,2,3 17,397
NTL INC NEW COM 62941W 10 1 5,430 186,545SH Other 186,545
NATIONAL CITY CORP COM 635405 10 3 2,665 76,359SH Defined 1 76,359
NATIONAL CITY CORP COM 635405 10 3 450 12,903SH Other 12,903
NEWS CORP CL A 65248E 10 4 664 40,000SH Other 40,000
NEWS CORP CL B 65248E 20 3 351 20,000SH Other 20,000
PEPCO HOLDINGS INC COM 713291 10 2 228 10,000SH Defined 1 10,000
PFIZER INC COM 717081 10 3 1,371 55,000SH Defined " 55,000
PFIZER INC COM 717081 10 3 3,613 145,000SH Other 145,000
PULTE HOMES INC COM 745867 10 1 768 20,000SH Other 20,000
SEACOR HOLDINGS INC COM 811904 10 1 443 5,591SH Defined 1 5,591
SEACOR HOLDINGS INC COM 811904 10 1 418 5,280SH Sole 5,280
SPRINT NEXTEL CORP COM 852061 10 0 388 15,000SH Defined 1 15,000
SPRINT NEXTEL CORP COM 852061 10 0 1,308 50,600SH Other 50,600
TOLL BROTHERS INC COM 889478 10 3 554 16,000SH Other 16,000
TYCO INTL LTD NEW COM 902124 10 6 3,494 130,000SH Other 130,000
UAL CORP COM NEW 902549 80 7 340 8,501SH Defined 1,2,3 8,501
UAL CORP COM NEW 902549 80 7 226 5,668SH Other 5,668
US BANCORP DEL COM NEW 902973 30 4 960 31,462SH Other 31,462
VIACOM INC NEW CL B 92553P 20 1 2,215 57,100SH Other 57,100
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REPORT TOTAL $1,403,010
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