AFG American Financial Group

Great American Financial Resources, Inc. (NYSE:GFR) expects to release its 2007 first quarter results after the market closes on Monday, April 30, 2007. The earnings release will be available shortly thereafter on GAFRI's website at www.gafri.com. In conjunction with the earnings release, GAFRI�s results will be discussed as part of a conference call being conducted by American Financial Group, Inc. (NYSE:AFG), GAFRI�s majority shareholder. The call will be held at 11:30 a.m. ET on Tuesday, May 1, 2007. There are two communication modes available to listen to the call. Over the Telephone Telephone access will be available by dialing 1-800-295-4740 (international dial-in 617-614-3925). Please dial in 5 to 10 minutes prior to the scheduled start time. A replay of the call will also be available two hours following the completion of the call, at approximately 1:30 p.m. and will run until 11:59 p.m. on May 8, 2007. To listen to the replay, dial 1-888-286-8010 (international dial-in 617-801-6888) and provide the confirmation code 81801949. Via the Internet The conference call will also be broadcast live over the Internet. To listen to the call, go to AFG�s website, www.afginc.com, and follow the instructions at the Webcast link in the Investor Relations section. The archived webcast will be available immediately after the call via a link in the Investor Relations section until May 8, 2007 at 11:59 p.m. An archived audio MP3 file will also be available�within 24 hours of the call. About GAFRI GAFRI is a Cincinnati-based insurance holding company with nearly $13 billion in assets. The Company's subsidiaries include Great American Life Insurance Company, Annuity Investors Life Insurance Company, Central Reserve Life Insurance Company, Continental General Insurance Company, United Teacher Associates Insurance Company and Loyal American Life Insurance Company. Through these companies, GAFRI markets traditional fixed, indexed and variable annuities and a variety of supplemental insurance products.