UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549

                                    FORM 13F

                              FORM 13F COVER PAGE


                  Report for the Quarter Ended December 31, 2002



                          AMERICAN FINANCIAL GROUP, INC.
                 One East Fourth Street, Cincinnati, Ohio 45202
     -------------------------------------------------------------------------
     (Name and Address of Institutional Investment Manager Filing this Report)


                         Form 13F File Number:  28-4389


The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.

                                 Fred J. Runk
                     Senior Vice President and Treasurer
                                (513) 579-2489
                -----------------------------------------------
                (Name, Title and Phone Number of Person Signing
                 this Report on Behalf of Reporting Manager)



Signature:

Fred J. Runk                            Cincinnati, Ohio      February 4, 2003
----------------------------------
Fred J. Runk
Senior Vice President and Treasurer


Report Type:
     [X]  13F HOLDINGS REPORT.
     [ ]  13F NOTICE.
     [ ]  13F COMBINATION REPORT.









                                 Page 1 of 3


                            FORM 13F SUMMARY PAGE
                            ---------------------




Number of Other Included Managers:                         3
                                                      ----------

Form 13F Information Table Entry Total:                   45
                                                      ----------

Form 13F Information Table Value Total (thousands):   $ 842,126
                                                      ----------


Name and 13F file numbers of all Institutional Investment Managers with respect
to which this schedule is filed (other than American Financial Group, Inc.):

    Number       13F File Number         Name of Subsidiary
    ------       ---------------         ------------------------------------

       1.             28-5042             AFC Holding Company

       2.             28-497              American Financial Corporation

       3.             28-498              Great American Insurance Company















                                     Page 2



                                                       FORM 13F INFORMATION TABLE


                                                             Column 4:  Column 5:                               Column 8:
                                   Column 2:                  Market    Shares or    Column 6: Column 7:    Voting Authority
        Column 1:                  Title of       Column 3:    Value    Principal   Investment    Other ---------------------------
     Name of Issuer                  Class          CUSIP     (000's)     Amount    Discretion Managers    Sole    Shared    None
     --------------             ---------------- ----------- --------- ------------ ---------- -------- ---------- ------ ---------
HOLDINGS OF GREAT AMERICAN INSURANCE COMPANY
--------------------------------------------
                                                                                               
AOL TIME WARNER INC                   COM        00184A 10 5      343      26,149SH   Defined   1,2,3       26,149
BROADWING INC                         COM        111620 10 0      115      32,611SH   Defined     "         32,611
CIT GROUP INC                         COM        125581 10 8    1,666      85,000SH   Defined     "         85,000
CABLEVISION SYS CORP             CL A NY CABLVS  12686C 10 9      460      27,500SH   Defined     "         27,500
CHIQUITA BRANDS INTL INC        *W EXP 3/19/2009 170032 11 4    7,155   1,944,340SH   Defined     "                       1,944,340
COMCAST CORP NEW                     CL A        20030N 10 1      475      20,153SH   Defined     "         20,153
COMCAST CORP NEW                   CL A SPL      20030N 20 0      791      35,000SH   Defined     "                          35,000
DIVINE INC                           CL A        255402 40 6       35      24,892SH   Defined     "         24,892
GREAT AMERN FINL RES INC              COM        389915 10 9  603,032  35,059,995SH   Defined     "     35,059,995
MARSH SUPERMARKETS INC               CL B        571783 20 8    2,311     189,543SH   Defined     "                         189,543
MARSH SUPERMARKETS INC               CL A        571783 30 7    8,401     729,844SH   Defined     "        729,844
PNC FINL SVCS GROUP INC               COM        693475 10 5    2,682      64,000SH   Defined     "         64,000
PROVIDENT FINL GROUP INC              COM        743866 10 5  145,046   5,572,271SH   Defined     "      5,572,271
QWEST COMMUNICATIONS INTL INC         COM        749121 10 9       90      17,902SH   Defined     "         17,902
RCN CORP                              COM        749361 10 1       11      21,000SH   Defined     "         21,000
SEABULK INTL INC                      COM        81169P 10 1      468      84,553SH   Defined     "         84,553
SEPRACOR INC                          COM        817315 10 4      998     103,200SH   Defined     "        103,200
TENET HEALTHCARE CORP                 COM        88033G 10 0      984      60,000SH   Defined     "         60,000
TYCO INTL LTD NEW                     COM        902124 10 6    2,306     135,000SH   Defined     "        135,000
WASHINGTON MUT INC                    COM        939322 10 3      695      20,134SH   Defined     "         20,134
WILTEL COMMUNICATNS GROUP INC         COM        972487 10 2    4,789     303,284SH   Defined     "        303,284

HOLDINGS OF OTHER SUBSIDIARIES
OF AFG EACH HAVING LESS THAN
$100 MILLION IN 13F SECURITIES
------------------------------
BRISTOL MYERS SQUIBB CO               COM        110122 10 8      463      20,000SH   Defined   1,2,3       20,000
CIT GROUP INC                         COM        125581 10 8    1,862      95,000SH   Defined     "         95,000
CABLEVISION SYS CORP             CL A NY CABLVS  12686C 10 9    5,563     332,277SH   Defined     "        332,277
CHIQUITA BRANDS INTL INC        *W EXP 3/19/2009 170032 11 4    2,958     803,643SH   Defined     "                         803,643
COMCAST CORP NEW                     CL A        20030N 10 1      349      14,800SH   Defined    1,2        14,800
COMCAST CORP NEW                   CL A SPL      20030N 20 0      311      13,760SH   Defined     "                          13,760
JOHN HANCOCK BK &THRIFT OPP       SH BEN INT     409735 10 7      507      67,200SH   Defined     "         67,200
HOST MARRIOTT CORP NEW                COM        44107P 10 4       89      10,110SH   Defined     "         10,110
LEUCADIA NATL CORP                    COM        527288 10 4      983      26,352SH   Defined     "         26,352
MARSH SUPERMARKETS INC               CL B        571783 20 8    6,507     533,801SH   Defined     "                         533,801
METLIFE INC                           COM        59156R 10 8    1,328      49,115SH   Defined               49,115
POPULAR INC                           COM        733174 10 6    6,399     189,320SH   Defined   1,2,3      189,320
PROVIDENT FINL GROUP INC              COM        743866 10 5   18,142     696,943SH   Defined     "        696,943
RCN CORP                              COM        749361 10 1       37      70,250SH   Defined     "         70,250
SANTANDER BANCORP                     COM        802809 10 3      393      30,250SH   Defined     "         30,250
SEABULK INTL INC                      COM        81169P 10 1    2,082     376,645SH   Defined     "        376,645
SEPRACOR INC                          COM        817315 10 4       77       8,000SH   Defined     "          8,000
TENET HEALTHCARE CORP                 COM        88033G 10 0      738      45,000SH   Defined     "         45,000
TYCO INTL LTD NEW                     COM        902124 10 6    2,135     125,000SH   Defined     "        125,000
US BANCORP DEL                      COM NEW      902973 30 4      604      28,462SH   Defined    1,2        28,462
WASHINGTON MUT INC                    COM        939322 10 3    1,560      45,179SH   Defined   1,2,3       45,179
WESTPOINT STEVENS INC                 COM        961238 10 2       17      29,400SH   Defined    1,2        29,400
WILTEL COMMUNICATNS GROUP INC         COM        972487 10 2    3,843     243,369SH   Defined   1,2,3      243,369
ZENITH NATL INS CORP                  COM        989390 10 9    2,326      98,900SH   Defined    1,2        98,900
                                                             --------
                                 REPORT TOTAL                $842,126
                                                             ========