Exhibit 23.3

                         CONSENT OF INDEPENDENT AUDITORS

We consent to the reference to our firm under the caption "Experts" in Amendment
No. 2 to the Registration Statement (Form S-3, No. 333-106659) and related
Prospectus of American Financial Group, Inc. for the registration of
$511,015,000 of Senior Convertible Notes due 2033 and 5,877,490 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
October 20, 2003