AFG American Financial Group

Great American Financial Resources, Inc. (NYSE:GFR) expects to release its 2007 second quarter results after the market closes on Tuesday, July 31, 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. EDT on Wednesday, August 1, 2007. There are two communication modes available to listen to the call. Over the Telephone Telephone access will be available by dialing 1-866-203-3436 (international dial-in 617-213-8849). 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 remain available until 11:59 p.m. on August 8, 2007. To listen to the replay, dial 1-888-286-8010 (international dial-in 617-801-6888) and provide the confirmation code 17024908. 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. The archived webcast will be available immediately after the call via a link in AFG�s Investor Relations page until August 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 $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. Certain statements may be made on the conference call that may be considered �forward-looking statements� within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from any predictions that may be made. Additional information regarding factors that could cause such differences appears in the press release.