<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from American
Financial Group, Inc.'s 10-K for December 31, 1996 and is qualified in its 
entirety by reference to such financial statements.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
       
                                                     
<PERIOD-TYPE>                   YEAR                       YEAR
<FISCAL-YEAR-END>                          DEC-31-1995             DEC-31-1996
<PERIOD-END>                               DEC-31-1995             DEC-31-1996
<CASH>                                        $544,408                $448,296
<SECURITIES>                                10,096,992<F1>          10,513,038<F1>
<RECEIVABLES>                                  703,274                 609,403
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                                     0                       0
<PP&E>                                               0                       0
<DEPRECIATION>                                       0                       0
<TOTAL-ASSETS>                              14,953,870              15,051,118
<CURRENT-LIABILITIES>                                0                       0
<BONDS>                                        882,063                 517,919
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                        60,139                  61,072
<OTHER-SE>                                   1,379,998               1,493,365
<TOTAL-LIABILITY-AND-EQUITY>                14,953,870              15,051,118
<SALES>                                              0                       0
<TOTAL-REVENUES>                             3,629,609               4,115,397
<CGS>                                                0                       0
<TOTAL-COSTS>                                        0                       0
<OTHER-EXPENSES>                               274,271                 348,923
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                             122,568                  76,052
<INCOME-PRETAX>                                246,919                 353,244
<INCOME-TAX>                                    56,489                  91,277
<INCOME-CONTINUING>                            190,430                 261,967
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                    817                (28,667)
<CHANGES>                                            0                       0
<NET-INCOME>                                  $191,247                $233,300
<EPS-PRIMARY>                                     3.88                    3.84
<EPS-DILUTED>                                     3.85                    3.79
<FN>
<F1>Includes an investment in investee.
</FN>