Exhibit 23.3

                         Consent of Independent Auditors

We consent to the reference to our firm under the caption "Independent Auditors"
in the Registration Statement (Form S-3) and related Prospectus of American
Financial Group, Inc. for the registration of $511,015,00 of Senior Convertible
Notes due 2033 and 2,000,000 shares of its common stock and to the incorporation
by reference therein of our reports dated February 19, 2003, with respect to the
consolidated financial statements and schedules of (1) American Financial Group,
Inc. and (2) American Financial Corporation, both included in their respective
Annual Reports (Form 10-K) for the year ended December 31, 2002, and filed with
the Securities and Exchange Commission.

                                                          /s/ Ernst & Young LLP

Cincinnati, Ohio
June 23, 2003