<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, 1997, the six
months ended June 30, 1997 and the nine months ended September 30, 1997 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-31-1997             DEC-31-1997             DEC-31-1997
<PERIOD-END>                               MAR-31-1997             JUN-30-1997             SEP-30-1997
<CASH>                                        $406,760                $361,567                $353,951
<SECURITIES>                                10,668,133<F1>          10,874,080<F1>          11,177,859<F1>
<RECEIVABLES>                                  638,718                 676,671                 709,882
<ALLOWANCES>                                         0                       0                       0
<INVENTORY>                                          0                       0                       0
<CURRENT-ASSETS>                                     0                       0                       0
<PP&E>                                               0                       0                       0
<DEPRECIATION>                                       0                       0                       0
<TOTAL-ASSETS>                              15,183,949              15,358,075              15,683,106
<CURRENT-LIABILITIES>                                0                       0                       0
<BONDS>                                        523,062                 470,066                 390,853
<PREFERRED-MANDATORY>                                0                       0                       0
<PREFERRED>                                          0                       0                       0
<COMMON>                                        59,517                  58,914                  58,974
<OTHER-SE>                                   1,415,794               1,559,961               1,652,301
<TOTAL-LIABILITY-AND-EQUITY>                15,183,949              15,358,075              15,683,106
<SALES>                                              0                       0                       0
<TOTAL-REVENUES>                               945,770               1,933,369               2,968,175
<CGS>                                                0                       0                       0
<TOTAL-COSTS>                                        0                       0                       0
<OTHER-EXPENSES>                                69,541                 147,225                 238,882
<LOSS-PROVISION>                                     0                       0                       0
<INTEREST-EXPENSE>                              13,710                  27,554                  40,433
<INCOME-PRETAX>                                101,496                 196,992                 254,460
<INCOME-TAX>                                    38,281                  72,595                  96,396
<INCOME-CONTINUING>                             63,215                 124,397                 158,064
<DISCONTINUED>                                       0                       0                       0
<EXTRAORDINARY>                                   (55)                    (78)                 (7,051)
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                   $63,160                $124,319                $151,013
<EPS-PRIMARY>                                     1.03                    2.07                    2.53
<EPS-DILUTED>                                     1.02                    2.04                    2.48
<FN>
<F1>Includes an investment in investee.
</FN>