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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
August 23, 1995 Commission File No. 1-11453
(Date of earliest event reported)
AMERICAN FINANCIAL GROUP, INC.
Incorporated under the laws IRS Employer
of Ohio Identification No. 31-1422526
One East Fourth Street
Cincinnati, Ohio 45202
Phone: (513) 579-6600
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AMERICAN FINANCIAL GROUP, INC.
FORM 8-K
Item 4. Changes in Registrant's Certifying Accountant.
American Financial Group, Inc. ("Company") was formed
on December 9, 1994, to serve as successor to American Premier
Underwriters, Inc. ("APU") and as a public holding company for
APU and American Financial Corporation following the mergers of
these two companies on April 3, 1995. Effective August 23, 1995,
pursuant to a recommendation of the Audit Committee of the
Company adopted by the Executive Committee of the Company's Board
of Directors, the Company engaged the firm of Ernst & Young LLP
to be its principal independent accountants for purposes of
performing the 1995 audit of the Company's financial statements.
The Company has informed its previous principal independent
accountants, Deloitte & Touche LLP, of its action. This will
enable the Company to better coordinate financial reporting
matters with its significant subsidiary (and predecessor for
accounting and reporting purposes), American Financial
Corporation. Ernst & Young LLP has been the auditor for all
major subsidiaries and investees of the American Financial Group,
Inc., except American Premier Underwriters, Inc.
In connection with the audit of the Corporation's
balance sheet as of December 9, 1994 (date of inception) and
during the subsequent interim periods, there have been no
disagreements on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or
procedures with Deloitte & Touche LLP, which disagreements if not
resolved to the satisfaction of Deloitte & Touche LLP would have
caused them to make reference in their opinion to the subject
matter of the disagreement. The report of Deloitte & Touche LLP
on the December 9, 1994 Balance Sheet of the Corporation did not
contain an adverse opinion, or a disclaimer of opinion, and was
not qualified as to uncertainty, audit scope, or accounting
principles.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
Exhibit (16) Letter re: change in certifying accountant
Page 2 of 3
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
AMERICAN FINANCIAL GROUP, INC.
August 29, 1995 By:Fred J. Runk
Fred J. Runk
Senior Vice President & Treasurer
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August 29, 1995
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Forms 8-K
of American Financial Group, Inc. and American Premier
Underwriters, Inc., American Financial Corporation and American
Financial Enterprises, Inc. dated August 29, 1995.
Yours truly,
DELOITTE & TOUCHE LLP
