EXHIBIT 23.3

                         CONSENT OF INDEPENDENT AUDITORS

We consent to the reference to our firm under the caption "Experts" in Amendment
No. 3 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 report dated
February 19, 2003, with respect to the consolidated financial statements and
schedules of American Financial Group, Inc., included in its Annual Report
(Form 10-K) for the year ended December 31, 2002, and filed with the Securities
and Exchange Commission.

                                                 /s/ Ernst & Young LLP

Cincinnati, Ohio
November 19, 2003