<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from American
Financial Group, Inc.'s 10-Qs for the three months ended March 31, 1996, the six
months ended June 30, 1996 and the nine months ended September 30, 1996 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
       
                                                                          
<PERIOD-TYPE>                   3-MOS                      6-MOS                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996             DEC-31-1996             DEC-31-1996
<PERIOD-END>                               MAR-31-1996             JUN-30-1996             SEP-30-1996
<CASH>                                        $249,052                $228,384                $402,491
<SECURITIES>                                10,292,593<F1>          10,237,253<F1>          10,388,983<F1>
<RECEIVABLES>                                  678,019                 680,978                 642,673
<ALLOWANCES>                                         0                       0                       0
<INVENTORY>                                          0                       0                       0
<CURRENT-ASSETS>                                     0                       0                       0
<PP&E>                                               0                       0                       0
<DEPRECIATION>                                       0                       0                       0
<TOTAL-ASSETS>                              14,855,589              14,820,923              14,954,650
<CURRENT-LIABILITIES>                                0                       0                       0
<BONDS>                                        803,448                 677,975                 663,812
<PREFERRED-MANDATORY>                                0                       0                       0
<PREFERRED>                                          0                       0                       0
<COMMON>                                        60,825                  60,940                  60,978
<OTHER-SE>                                   1,345,845               1,334,573               1,470,333
<TOTAL-LIABILITY-AND-EQUITY>                14,855,589              14,820,923              14,954,650
<SALES>                                              0                       0                       0
<TOTAL-REVENUES>                             1,030,922               2,063,679               3,227,192
<CGS>                                                0                       0                       0
<TOTAL-COSTS>                                        0                       0                       0
<OTHER-EXPENSES>                                76,826                 161,513                 244,351
<LOSS-PROVISION>                                     0                       0                       0
<INTEREST-EXPENSE>                              21,866                  43,400                  61,243
<INCOME-PRETAX>                                122,823                 204,829                 355,601
<INCOME-TAX>                                    41,625                  65,288                  94,484
<INCOME-CONTINUING>                             81,198                 139,541                 261,117
<DISCONTINUED>                                       0                       0                       0
<EXTRAORDINARY>                                (7,633)                (17,501)                (25,912)
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                   $73,565                $122,040                $235,205
<EPS-PRIMARY>                                     1.22                    2.01                    3.87
<EPS-DILUTED>                                     1.20                    1.99                    3.84
<FN>
<F1>Includes an investment in investee.
</FN>