<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2025 Workiva-->
<!--r:fc536109-5782-4bc1-a956-3dfe26513e37,g:38316bdc-1346-43eb-93ca-00171244ca0e-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.afginc.com/role/ConsolidatedBalanceSheet" xlink:type="simple" xlink:href="afg-20241231.xsd#ConsolidatedBalanceSheet"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/ConsolidatedBalanceSheet" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_3af077d8-7277-4dd1-81b7-53083f8d2e5f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_c68681fb-d587-46f5-ac86-8839859ba7cc" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_StockholdersEquity"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_3af077d8-7277-4dd1-81b7-53083f8d2e5f" xlink:to="loc_us-gaap_StockholdersEquity_c68681fb-d587-46f5-ac86-8839859ba7cc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_02ab88e5-b825-4da0-bfc2-689d5875446c" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_Liabilities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_3af077d8-7277-4dd1-81b7-53083f8d2e5f" xlink:to="loc_us-gaap_Liabilities_02ab88e5-b825-4da0-bfc2-689d5875446c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_b3416d79-7744-4c93-b7ae-de6aee2906f1" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_Liabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_016f1959-4fdd-46eb-8743-926fae8fb3d6" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LongTermDebt"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_b3416d79-7744-4c93-b7ae-de6aee2906f1" xlink:to="loc_us-gaap_LongTermDebt_016f1959-4fdd-46eb-8743-926fae8fb3d6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_f6281a57-07b5-4d33-9c0a-5d8a6240afef" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_b3416d79-7744-4c93-b7ae-de6aee2906f1" xlink:to="loc_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_f6281a57-07b5-4d33-9c0a-5d8a6240afef" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilities_41d64e20-7c49-406d-9a37-832b890eae54" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherLiabilities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_b3416d79-7744-4c93-b7ae-de6aee2906f1" xlink:to="loc_us-gaap_OtherLiabilities_41d64e20-7c49-406d-9a37-832b890eae54" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReinsurancePayable_b461d9fc-f7e2-4676-a2b1-a02274612a89" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ReinsurancePayable"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_b3416d79-7744-4c93-b7ae-de6aee2906f1" xlink:to="loc_us-gaap_ReinsurancePayable_b461d9fc-f7e2-4676-a2b1-a02274612a89" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnearnedPremiums_a4bebd81-e991-4ba7-bed1-ada144b9b136" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_UnearnedPremiums"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_b3416d79-7744-4c93-b7ae-de6aee2906f1" xlink:to="loc_us-gaap_UnearnedPremiums_a4bebd81-e991-4ba7-bed1-ada144b9b136" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_VariableInterestEntityLiabilities_bf512710-f621-420b-80ff-892f1b451120" xlink:href="afg-20241231.xsd#afg_VariableInterestEntityLiabilities"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_b3416d79-7744-4c93-b7ae-de6aee2906f1" xlink:to="loc_afg_VariableInterestEntityLiabilities_bf512710-f621-420b-80ff-892f1b451120" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_0c4fba42-1be7-4d8a-860a-1c3f8e0c2402" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_Assets"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PremiumsReceivableAtCarryingValue_9ed7ea30-bcf5-4ddb-8141-9d925f54911f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PremiumsReceivableAtCarryingValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_0c4fba42-1be7-4d8a-860a-1c3f8e0c2402" xlink:to="loc_us-gaap_PremiumsReceivableAtCarryingValue_9ed7ea30-bcf5-4ddb-8141-9d925f54911f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssets_036dc374-3247-4f19-b26c-200c9af717aa" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherAssets"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_0c4fba42-1be7-4d8a-860a-1c3f8e0c2402" xlink:to="loc_us-gaap_OtherAssets_036dc374-3247-4f19-b26c-200c9af717aa" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReinsuranceRecoverablesOnPaidAndUnpaidLosses_b2e05155-3481-4b6d-a583-27a973e47346" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ReinsuranceRecoverablesOnPaidAndUnpaidLosses"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_0c4fba42-1be7-4d8a-860a-1c3f8e0c2402" xlink:to="loc_us-gaap_ReinsuranceRecoverablesOnPaidAndUnpaidLosses_b2e05155-3481-4b6d-a583-27a973e47346" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidReinsurancePremiums_e1aad333-77a5-477d-90b0-a0aa3ebfd04c" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PrepaidReinsurancePremiums"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_0c4fba42-1be7-4d8a-860a-1c3f8e0c2402" xlink:to="loc_us-gaap_PrepaidReinsurancePremiums_e1aad333-77a5-477d-90b0-a0aa3ebfd04c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_VariableInterestEntityAssets_362e17d6-6f7e-4b9d-a573-8fe07663fe13" xlink:href="afg-20241231.xsd#afg_VariableInterestEntityAssets"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_0c4fba42-1be7-4d8a-860a-1c3f8e0c2402" xlink:to="loc_afg_VariableInterestEntityAssets_362e17d6-6f7e-4b9d-a573-8fe07663fe13" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired_a3d820e7-174c-48d4-8a57-ddc9004faeb7" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_0c4fba42-1be7-4d8a-860a-1c3f8e0c2402" xlink:to="loc_us-gaap_DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired_a3d820e7-174c-48d4-8a57-ddc9004faeb7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherReceivables_6f55ccb3-a315-4d83-8d4e-da15445f4581" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherReceivables"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_0c4fba42-1be7-4d8a-860a-1c3f8e0c2402" xlink:to="loc_us-gaap_OtherReceivables_6f55ccb3-a315-4d83-8d4e-da15445f4581" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_0bbc5a30-0ae6-4f38-9300-8184dd6198dd" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_Goodwill"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_0c4fba42-1be7-4d8a-860a-1c3f8e0c2402" xlink:to="loc_us-gaap_Goodwill_0bbc5a30-0ae6-4f38-9300-8184dd6198dd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsAndCash_6bf3a2e5-92eb-4f15-96f1-3b70afc659e8" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_InvestmentsAndCash"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_0c4fba42-1be7-4d8a-860a-1c3f8e0c2402" xlink:to="loc_us-gaap_InvestmentsAndCash_6bf3a2e5-92eb-4f15-96f1-3b70afc659e8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsAndCash_3f473d88-aa4d-4468-8f93-782a51dfa62e" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_InvestmentsAndCash"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestments_ae96c8d6-5f1e-497e-9d13-436ed6ca1e68" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EquityMethodInvestments"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InvestmentsAndCash_3f473d88-aa4d-4468-8f93-782a51dfa62e" xlink:to="loc_us-gaap_EquityMethodInvestments_ae96c8d6-5f1e-497e-9d13-436ed6ca1e68" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_686eb8d4-faad-47f6-99f6-4ddb320ef028" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InvestmentsAndCash_3f473d88-aa4d-4468-8f93-782a51dfa62e" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_686eb8d4-faad-47f6-99f6-4ddb320ef028" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquitySecuritiesFvNi_6d4da05f-d6fd-46ef-8a4a-0746442222d5" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EquitySecuritiesFvNi"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InvestmentsAndCash_3f473d88-aa4d-4468-8f93-782a51dfa62e" xlink:to="loc_us-gaap_EquitySecuritiesFvNi_6d4da05f-d6fd-46ef-8a4a-0746442222d5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecuritiesDebt_4d8e3c44-2ff9-4326-9a73-4db9d2313e77" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_TradingSecuritiesDebt"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InvestmentsAndCash_3f473d88-aa4d-4468-8f93-782a51dfa62e" xlink:to="loc_us-gaap_TradingSecuritiesDebt_4d8e3c44-2ff9-4326-9a73-4db9d2313e77" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestments_0d2ec57d-503a-44cf-9691-28cf41d7a6d1" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherInvestments"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InvestmentsAndCash_3f473d88-aa4d-4468-8f93-782a51dfa62e" xlink:to="loc_us-gaap_OtherInvestments_0d2ec57d-503a-44cf-9691-28cf41d7a6d1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_21ae81df-1d95-487f-be4e-2781ab831684" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InvestmentsAndCash_3f473d88-aa4d-4468-8f93-782a51dfa62e" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_21ae81df-1d95-487f-be4e-2781ab831684" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_d53763f0-70f4-4a3b-ac35-ac90649f92d6" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_InvestmentsAndCash_3f473d88-aa4d-4468-8f93-782a51dfa62e" xlink:to="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_d53763f0-70f4-4a3b-ac35-ac90649f92d6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_571d1907-ec4e-49aa-9b6e-c142cf2d6d15" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_StockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_f29e162b-b5b4-45bf-a2fa-db33b4c675db" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_571d1907-ec4e-49aa-9b6e-c142cf2d6d15" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_f29e162b-b5b4-45bf-a2fa-db33b4c675db" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_4c5490d6-cf26-4768-9e49-144e65865325" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_CommonStockValue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_571d1907-ec4e-49aa-9b6e-c142cf2d6d15" xlink:to="loc_us-gaap_CommonStockValue_4c5490d6-cf26-4768-9e49-144e65865325" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsUnappropriated_2ee18235-b9bb-4147-9fa7-acb7c4978b13" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_RetainedEarningsUnappropriated"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_571d1907-ec4e-49aa-9b6e-c142cf2d6d15" xlink:to="loc_us-gaap_RetainedEarningsUnappropriated_2ee18235-b9bb-4147-9fa7-acb7c4978b13" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_fe58c87e-3463-44f7-8683-c6248e6e9892" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AdditionalPaidInCapitalCommonStock"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_571d1907-ec4e-49aa-9b6e-c142cf2d6d15" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_fe58c87e-3463-44f7-8683-c6248e6e9892" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/ConsolidatedStatementofEarnings" xlink:type="simple" xlink:href="afg-20241231.xsd#ConsolidatedStatementofEarnings"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/ConsolidatedStatementofEarnings" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_e6f79cc7-316d-485f-8df4-5219b231e647" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_Revenues"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncome_086196e9-900e-4966-8cfa-0526b32dca34" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherIncome"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_e6f79cc7-316d-485f-8df4-5219b231e647" xlink:to="loc_us-gaap_OtherIncome_086196e9-900e-4966-8cfa-0526b32dca34" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_InvestmentIncomeOfManagedInvestmentEntities_470d0696-0ca1-4306-83bb-c26f605f4369" xlink:href="afg-20241231.xsd#afg_InvestmentIncomeOfManagedInvestmentEntities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_e6f79cc7-316d-485f-8df4-5219b231e647" xlink:to="loc_afg_InvestmentIncomeOfManagedInvestmentEntities_470d0696-0ca1-4306-83bb-c26f605f4369" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_GainLossonChangeinFairValueofAssetsandLiabilitiesofManagedInvestmentEntities_cd212b16-663a-4360-b999-5a6783ebdd48" xlink:href="afg-20241231.xsd#afg_GainLossonChangeinFairValueofAssetsandLiabilitiesofManagedInvestmentEntities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_e6f79cc7-316d-485f-8df4-5219b231e647" xlink:to="loc_afg_GainLossonChangeinFairValueofAssetsandLiabilitiesofManagedInvestmentEntities_cd212b16-663a-4360-b999-5a6783ebdd48" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PremiumsEarnedNet_5f0f1b78-8fa9-4091-afed-beca2b18efbb" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PremiumsEarnedNet"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_e6f79cc7-316d-485f-8df4-5219b231e647" xlink:to="loc_us-gaap_PremiumsEarnedNet_5f0f1b78-8fa9-4091-afed-beca2b18efbb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetInvestmentIncome_9e1437ac-6b05-4e95-ae08-483025fb4640" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetInvestmentIncome"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_e6f79cc7-316d-485f-8df4-5219b231e647" xlink:to="loc_us-gaap_NetInvestmentIncome_9e1437ac-6b05-4e95-ae08-483025fb4640" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtAndEquitySecuritiesRealizedGainLoss_cd7698cd-439e-42a7-8acf-9640e8a9f01c" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DebtAndEquitySecuritiesRealizedGainLoss"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_e6f79cc7-316d-485f-8df4-5219b231e647" xlink:to="loc_us-gaap_DebtAndEquitySecuritiesRealizedGainLoss_cd7698cd-439e-42a7-8acf-9640e8a9f01c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainOrLossOnSaleOfStockInSubsidiary_32685d7b-8726-4c22-bc7a-f65af63363d8" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_GainOrLossOnSaleOfStockInSubsidiary"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_e6f79cc7-316d-485f-8df4-5219b231e647" xlink:to="loc_us-gaap_GainOrLossOnSaleOfStockInSubsidiary_32685d7b-8726-4c22-bc7a-f65af63363d8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BenefitsLossesAndExpenses_a0cad54b-c340-4584-9d5b-e4ac176af7b9" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_BenefitsLossesAndExpenses"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SellingGeneralAndAdministrativeExpense_3db7562d-0ff3-4fab-b5c0-60bf1ffe86c0" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_SellingGeneralAndAdministrativeExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_BenefitsLossesAndExpenses_a0cad54b-c340-4584-9d5b-e4ac176af7b9" xlink:to="loc_us-gaap_SellingGeneralAndAdministrativeExpense_3db7562d-0ff3-4fab-b5c0-60bf1ffe86c0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_181e8599-6f2d-4e40-8e50-efb1b1f92b50" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_BenefitsLossesAndExpenses_a0cad54b-c340-4584-9d5b-e4ac176af7b9" xlink:to="loc_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_181e8599-6f2d-4e40-8e50-efb1b1f92b50" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_ExpensesOfManagedInvestmentEntities_c9ee5878-4977-4bdf-a508-44f1a733165d" xlink:href="afg-20241231.xsd#afg_ExpensesOfManagedInvestmentEntities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_BenefitsLossesAndExpenses_a0cad54b-c340-4584-9d5b-e4ac176af7b9" xlink:to="loc_afg_ExpensesOfManagedInvestmentEntities_c9ee5878-4977-4bdf-a508-44f1a733165d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCostAndExpenseOperating_42a5362e-bdca-4975-be12-9ca099ed0c4c" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherCostAndExpenseOperating"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_BenefitsLossesAndExpenses_a0cad54b-c340-4584-9d5b-e4ac176af7b9" xlink:to="loc_us-gaap_OtherCostAndExpenseOperating_42a5362e-bdca-4975-be12-9ca099ed0c4c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_e7ae4ed2-c995-4a32-907f-ca558ce1d85d" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_InterestExpense"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_BenefitsLossesAndExpenses_a0cad54b-c340-4584-9d5b-e4ac176af7b9" xlink:to="loc_us-gaap_InterestExpense_e7ae4ed2-c995-4a32-907f-ca558ce1d85d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_69e17fa0-b7ae-41ee-9f2d-5d0d9a7b5667" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_2b0ed9cb-d843-438d-be0c-89f930bbd5c8" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_Revenues"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_69e17fa0-b7ae-41ee-9f2d-5d0d9a7b5667" xlink:to="loc_us-gaap_Revenues_2b0ed9cb-d843-438d-be0c-89f930bbd5c8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BenefitsLossesAndExpenses_284c931c-2aee-40cd-a5f2-1642bff748f9" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_BenefitsLossesAndExpenses"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_69e17fa0-b7ae-41ee-9f2d-5d0d9a7b5667" xlink:to="loc_us-gaap_BenefitsLossesAndExpenses_284c931c-2aee-40cd-a5f2-1642bff748f9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_dd07284b-6d20-4882-be42-25ec62b881d6" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_b42be833-a7ff-41b4-8a04-38fc3dec0b28" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_dd07284b-6d20-4882-be42-25ec62b881d6" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_b42be833-a7ff-41b4-8a04-38fc3dec0b28" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_b587f259-5c40-4f3e-a1e2-45986c4e450f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_dd07284b-6d20-4882-be42-25ec62b881d6" xlink:to="loc_us-gaap_OperatingIncomeLoss_b587f259-5c40-4f3e-a1e2-45986c4e450f" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/ConsolidatedStatementofComprehensiveIncome" xlink:type="simple" xlink:href="afg-20241231.xsd#ConsolidatedStatementofComprehensiveIncome"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/ConsolidatedStatementofComprehensiveIncome" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_a9ce5317-1bb4-45e8-a769-0e10ad566108" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_48b2f956-6bd6-4ef9-8055-0cd1e580b888" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_a9ce5317-1bb4-45e8-a769-0e10ad566108" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_48b2f956-6bd6-4ef9-8055-0cd1e580b888" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_9da2ccbb-679d-42ef-90d5-09039ea11871" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_a9ce5317-1bb4-45e8-a769-0e10ad566108" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_9da2ccbb-679d-42ef-90d5-09039ea11871" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_2e9832ae-4408-48dd-ab13-11785354294b" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_41b9ea72-fd1f-4ece-8799-2d7889d4e778" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_2e9832ae-4408-48dd-ab13-11785354294b" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_41b9ea72-fd1f-4ece-8799-2d7889d4e778" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_9af626b8-7d77-4d45-a792-52208fbcfa8f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_2e9832ae-4408-48dd-ab13-11785354294b" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_9af626b8-7d77-4d45-a792-52208fbcfa8f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_f57c3beb-278b-4b3c-a874-1d0d7882e952" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ComprehensiveIncomeNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_b51b8456-71c7-4716-b3ff-4d9e788da2c4" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_f57c3beb-278b-4b3c-a874-1d0d7882e952" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_b51b8456-71c7-4716-b3ff-4d9e788da2c4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_6474e6e1-2714-40d8-8179-908725591fea" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetIncomeLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_f57c3beb-278b-4b3c-a874-1d0d7882e952" xlink:to="loc_us-gaap_NetIncomeLoss_6474e6e1-2714-40d8-8179-908725591fea" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_f00dddab-132c-4266-b572-45657577dd9a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_1098c0a6-af80-476d-8d94-72acef1f312b" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_f00dddab-132c-4266-b572-45657577dd9a" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_1098c0a6-af80-476d-8d94-72acef1f312b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_0932e063-7d8d-4b2a-8166-6911d6e8fd42" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_f00dddab-132c-4266-b572-45657577dd9a" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_0932e063-7d8d-4b2a-8166-6911d6e8fd42" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_aca9df14-ff92-4804-92e5-705905de8458" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_f00dddab-132c-4266-b572-45657577dd9a" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_aca9df14-ff92-4804-92e5-705905de8458" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_8813b322-78bb-4e87-bccf-9df95a2787f9" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_f00dddab-132c-4266-b572-45657577dd9a" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_8813b322-78bb-4e87-bccf-9df95a2787f9" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/ConsolidatedStatementofCashFlows" xlink:type="simple" xlink:href="afg-20241231.xsd#ConsolidatedStatementofCashFlows"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/ConsolidatedStatementofCashFlows" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_4d0c8270-6ba7-467c-9bdf-3c2158e00627" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve_943eb759-11da-4520-93ff-e561b2bcd04b" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_4d0c8270-6ba7-467c-9bdf-3c2158e00627" xlink:to="loc_us-gaap_IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve_943eb759-11da-4520-93ff-e561b2bcd04b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_6aa52ec3-5d44-40c3-8788-6bc76c4ddcc1" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_4d0c8270-6ba7-467c-9bdf-3c2158e00627" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_6aa52ec3-5d44-40c3-8788-6bc76c4ddcc1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_98e155d0-f158-435f-8869-27e9c826793f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetIncomeLoss"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_4d0c8270-6ba7-467c-9bdf-3c2158e00627" xlink:to="loc_us-gaap_NetIncomeLoss_98e155d0-f158-435f-8869-27e9c826793f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAmortizationAndAccretionNet_db308ac3-b5a4-45d5-809a-0f2a91b0809a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DepreciationAmortizationAndAccretionNet"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_4d0c8270-6ba7-467c-9bdf-3c2158e00627" xlink:to="loc_us-gaap_DepreciationAmortizationAndAccretionNet_db308ac3-b5a4-45d5-809a-0f2a91b0809a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_ChangeinManagedInvestmentEntitiesAssetsAndLiabilities_8e1325d7-321a-482e-9f12-960c67935b1b" xlink:href="afg-20241231.xsd#afg_ChangeinManagedInvestmentEntitiesAssetsAndLiabilities"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_4d0c8270-6ba7-467c-9bdf-3c2158e00627" xlink:to="loc_afg_ChangeinManagedInvestmentEntitiesAssetsAndLiabilities_8e1325d7-321a-482e-9f12-960c67935b1b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_e74ede5d-c6fb-4e3f-b7c1-04044c0699db" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_4d0c8270-6ba7-467c-9bdf-3c2158e00627" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_e74ede5d-c6fb-4e3f-b7c1-04044c0699db" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherOperatingActivitiesCashFlowStatement_cbed889d-a9a6-438d-a4e2-777f0e488110" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherOperatingActivitiesCashFlowStatement"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_4d0c8270-6ba7-467c-9bdf-3c2158e00627" xlink:to="loc_us-gaap_OtherOperatingActivitiesCashFlowStatement_cbed889d-a9a6-438d-a4e2-777f0e488110" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInReinsurancePayables_a0df1669-f86f-47be-9951-b809fbbb6962" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncreaseDecreaseInReinsurancePayables"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_4d0c8270-6ba7-467c-9bdf-3c2158e00627" xlink:to="loc_us-gaap_IncreaseDecreaseInReinsurancePayables_a0df1669-f86f-47be-9951-b809fbbb6962" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_IncreaseDecreaseinReinsuranceandOtherReceivables_33bcefe0-35d8-440f-91dd-a93b965a0a08" xlink:href="afg-20241231.xsd#afg_IncreaseDecreaseinReinsuranceandOtherReceivables"/>
    <link:calculationArc order="9" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_4d0c8270-6ba7-467c-9bdf-3c2158e00627" xlink:to="loc_afg_IncreaseDecreaseinReinsuranceandOtherReceivables_33bcefe0-35d8-440f-91dd-a93b965a0a08" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromPaymentsForTradingSecurities_51ea24ec-5d90-4b3a-a184-867c4cdde42f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ProceedsFromPaymentsForTradingSecurities"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_4d0c8270-6ba7-467c-9bdf-3c2158e00627" xlink:to="loc_us-gaap_ProceedsFromPaymentsForTradingSecurities_51ea24ec-5d90-4b3a-a184-867c4cdde42f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealizedInvestmentGainsLosses_ba3f5f01-febd-44e6-9cc4-3505ec629f88" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_RealizedInvestmentGainsLosses"/>
    <link:calculationArc order="11" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_4d0c8270-6ba7-467c-9bdf-3c2158e00627" xlink:to="loc_us-gaap_RealizedInvestmentGainsLosses_ba3f5f01-febd-44e6-9cc4-3505ec629f88" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_fe3b6977-1590-4d65-8634-fbf6833aefb8" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_ProceedsFromIssuanceOfManagedInvestmentEntities_0bbdc0e5-a498-439f-b776-680b5006baa5" xlink:href="afg-20241231.xsd#afg_ProceedsFromIssuanceOfManagedInvestmentEntities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_fe3b6977-1590-4d65-8634-fbf6833aefb8" xlink:to="loc_afg_ProceedsFromIssuanceOfManagedInvestmentEntities_0bbdc0e5-a498-439f-b776-680b5006baa5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_RetirementOfManagedInvestmentEntitiesLiabilities_2d20c718-d1dc-4cd6-94f2-236c34a30d59" xlink:href="afg-20241231.xsd#afg_RetirementOfManagedInvestmentEntitiesLiabilities"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_fe3b6977-1590-4d65-8634-fbf6833aefb8" xlink:to="loc_afg_RetirementOfManagedInvestmentEntitiesLiabilities_2d20c718-d1dc-4cd6-94f2-236c34a30d59" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_72763c27-7f74-4748-9866-b56e6cb54adb" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_fe3b6977-1590-4d65-8634-fbf6833aefb8" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_72763c27-7f74-4748-9866-b56e6cb54adb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDividendsCommonStock_dcf1dbd3-2acd-4acf-9687-91a89a293802" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PaymentsOfDividendsCommonStock"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_fe3b6977-1590-4d65-8634-fbf6833aefb8" xlink:to="loc_us-gaap_PaymentsOfDividendsCommonStock_dcf1dbd3-2acd-4acf-9687-91a89a293802" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_fac89b81-6e91-4643-b260-d1e5369f1771" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_fe3b6977-1590-4d65-8634-fbf6833aefb8" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_fac89b81-6e91-4643-b260-d1e5369f1771" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfLongTermDebt_ddd4aa41-e84f-4cf7-aebb-5d97bf0f9380" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_RepaymentsOfLongTermDebt"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_fe3b6977-1590-4d65-8634-fbf6833aefb8" xlink:to="loc_us-gaap_RepaymentsOfLongTermDebt_ddd4aa41-e84f-4cf7-aebb-5d97bf0f9380" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_d5252f90-e0bc-418c-b60a-9cb3251ee3e0" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_ProceedsFromSalesOfRealEstatePropertyAndEquipment_608d4288-00c9-4067-9ef5-82f180a36556" xlink:href="afg-20241231.xsd#afg_ProceedsFromSalesOfRealEstatePropertyAndEquipment"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_d5252f90-e0bc-418c-b60a-9cb3251ee3e0" xlink:to="loc_afg_ProceedsFromSalesOfRealEstatePropertyAndEquipment_608d4288-00c9-4067-9ef5-82f180a36556" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireOtherInvestments_96bd446e-56d5-4789-a3d7-4d1ac6d7a89e" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PaymentsToAcquireOtherInvestments"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_d5252f90-e0bc-418c-b60a-9cb3251ee3e0" xlink:to="loc_us-gaap_PaymentsToAcquireOtherInvestments_96bd446e-56d5-4789-a3d7-4d1ac6d7a89e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities_6e5061f9-95df-49e0-b070-e35762a8eae9" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_d5252f90-e0bc-418c-b60a-9cb3251ee3e0" xlink:to="loc_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities_6e5061f9-95df-49e0-b070-e35762a8eae9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_PurchasesOfRealEstatePropertyAndEquipment_edb74d8f-7d50-4400-a706-d43fed324726" xlink:href="afg-20241231.xsd#afg_PurchasesOfRealEstatePropertyAndEquipment"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_d5252f90-e0bc-418c-b60a-9cb3251ee3e0" xlink:to="loc_afg_PurchasesOfRealEstatePropertyAndEquipment_edb74d8f-7d50-4400-a706-d43fed324726" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_c0a09db4-3b59-438e-9ada-718e5e3b2b54" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_d5252f90-e0bc-418c-b60a-9cb3251ee3e0" xlink:to="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_c0a09db4-3b59-438e-9ada-718e5e3b2b54" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_a928830c-1368-461b-b6f3-3381dac2e800" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_d5252f90-e0bc-418c-b60a-9cb3251ee3e0" xlink:to="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_a928830c-1368-461b-b6f3-3381dac2e800" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_NetChangeInCashAndCashEquivalentsFromTheAcquisitionOrDispositionOfBusinesses_eecd6c8a-e03d-4af6-8cc9-9fe8743bb530" xlink:href="afg-20241231.xsd#afg_NetChangeInCashAndCashEquivalentsFromTheAcquisitionOrDispositionOfBusinesses"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_d5252f90-e0bc-418c-b60a-9cb3251ee3e0" xlink:to="loc_afg_NetChangeInCashAndCashEquivalentsFromTheAcquisitionOrDispositionOfBusinesses_eecd6c8a-e03d-4af6-8cc9-9fe8743bb530" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments_ed60c4dd-af24-40e3-abae-3ead0051ebcc" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_d5252f90-e0bc-418c-b60a-9cb3251ee3e0" xlink:to="loc_us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments_ed60c4dd-af24-40e3-abae-3ead0051ebcc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfEquitySecuritiesFvNi_21746f2c-9695-4686-9189-9a03c327aa27" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ProceedsFromSaleOfEquitySecuritiesFvNi"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_d5252f90-e0bc-418c-b60a-9cb3251ee3e0" xlink:to="loc_us-gaap_ProceedsFromSaleOfEquitySecuritiesFvNi_21746f2c-9695-4686-9189-9a03c327aa27" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_ProceedsFromSalesAndRedemptionsOfInvestmentsByManagedInvestmentEntities_a01663a1-2924-43d9-80c5-6cb92e619adb" xlink:href="afg-20241231.xsd#afg_ProceedsFromSalesAndRedemptionsOfInvestmentsByManagedInvestmentEntities"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_d5252f90-e0bc-418c-b60a-9cb3251ee3e0" xlink:to="loc_afg_ProceedsFromSalesAndRedemptionsOfInvestmentsByManagedInvestmentEntities_a01663a1-2924-43d9-80c5-6cb92e619adb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_PurchasesOfInvestmentsByManagedInvestmentEntities_bc939d40-2f81-4b7f-a043-50744433f85c" xlink:href="afg-20241231.xsd#afg_PurchasesOfInvestmentsByManagedInvestmentEntities"/>
    <link:calculationArc order="11" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_d5252f90-e0bc-418c-b60a-9cb3251ee3e0" xlink:to="loc_afg_PurchasesOfInvestmentsByManagedInvestmentEntities_bc939d40-2f81-4b7f-a043-50744433f85c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesGross_18b81a45-a5b2-45a1-9c9c-a10d5be08dd3" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PaymentsToAcquireBusinessesGross"/>
    <link:calculationArc order="12" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_d5252f90-e0bc-418c-b60a-9cb3251ee3e0" xlink:to="loc_us-gaap_PaymentsToAcquireBusinessesGross_18b81a45-a5b2-45a1-9c9c-a10d5be08dd3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireEquitySecuritiesFvNi_89a45929-0a31-4868-ae58-5b922ec7928b" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PaymentsToAcquireEquitySecuritiesFvNi"/>
    <link:calculationArc order="13" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_d5252f90-e0bc-418c-b60a-9cb3251ee3e0" xlink:to="loc_us-gaap_PaymentsToAcquireEquitySecuritiesFvNi_89a45929-0a31-4868-ae58-5b922ec7928b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable_4933f43d-3cf3-4250-83d0-2d313bf649ca" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable"/>
    <link:calculationArc order="14" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_d5252f90-e0bc-418c-b60a-9cb3251ee3e0" xlink:to="loc_us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable_4933f43d-3cf3-4250-83d0-2d313bf649ca" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt_de5aadb9-ea00-436c-a3f9-3e3bbd4eb825" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt"/>
    <link:calculationArc order="15" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_d5252f90-e0bc-418c-b60a-9cb3251ee3e0" xlink:to="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt_de5aadb9-ea00-436c-a3f9-3e3bbd4eb825" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireMortgageNotesReceivable_5c50391d-0446-46a0-8c22-4104a4116576" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PaymentsToAcquireMortgageNotesReceivable"/>
    <link:calculationArc order="16" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_d5252f90-e0bc-418c-b60a-9cb3251ee3e0" xlink:to="loc_us-gaap_PaymentsToAcquireMortgageNotesReceivable_5c50391d-0446-46a0-8c22-4104a4116576" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_87f96486-1e4a-48d9-9b80-57bb619637f0" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_a146f88d-4d0e-4267-8a86-2b5507837d81" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_87f96486-1e4a-48d9-9b80-57bb619637f0" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_a146f88d-4d0e-4267-8a86-2b5507837d81" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ad384026-5073-45fe-8295-19748654c200" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_87f96486-1e4a-48d9-9b80-57bb619637f0" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ad384026-5073-45fe-8295-19748654c200" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_a4575fe9-6787-40db-b9b8-f629e7549682" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_87f96486-1e4a-48d9-9b80-57bb619637f0" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_a4575fe9-6787-40db-b9b8-f629e7549682" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/SegmentsofOperationsRevenuesbysegmentandsubsegmentDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#SegmentsofOperationsRevenuesbysegmentandsubsegmentDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/SegmentsofOperationsRevenuesbysegmentandsubsegmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_6edb266e-3c51-449c-b14c-a8d2aada8fde" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_Revenues"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtAndEquitySecuritiesRealizedGainLoss_308628c5-3b7e-46ae-9c5b-498a1f492dbe" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DebtAndEquitySecuritiesRealizedGainLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_6edb266e-3c51-449c-b14c-a8d2aada8fde" xlink:to="loc_us-gaap_DebtAndEquitySecuritiesRealizedGainLoss_308628c5-3b7e-46ae-9c5b-498a1f492dbe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainOrLossOnSaleOfStockInSubsidiary_2d5a25da-33ca-477e-a545-1e5b9407bb11" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_GainOrLossOnSaleOfStockInSubsidiary"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_6edb266e-3c51-449c-b14c-a8d2aada8fde" xlink:to="loc_us-gaap_GainOrLossOnSaleOfStockInSubsidiary_2d5a25da-33ca-477e-a545-1e5b9407bb11" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_RevenuesBeforeRealizedGainsLosses_64e8ad35-ef23-46b0-804a-2fbe62a40d13" xlink:href="afg-20241231.xsd#afg_RevenuesBeforeRealizedGainsLosses"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_6edb266e-3c51-449c-b14c-a8d2aada8fde" xlink:to="loc_afg_RevenuesBeforeRealizedGainsLosses_64e8ad35-ef23-46b0-804a-2fbe62a40d13" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/SegmentsofOperationsEarningsbeforeincometaxesbysegmentandsubsegmentDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#SegmentsofOperationsEarningsbeforeincometaxesbysegmentandsubsegmentDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/SegmentsofOperationsEarningsbeforeincometaxesbysegmentandsubsegmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_38112b09-cfed-4874-83cb-b058e106c663" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OperatingIncomeLossBeforeRealizedGainsLossesAndIncomeTaxes_31689048-1a11-4a6b-ae95-9858dfd4196a" xlink:href="afg-20241231.xsd#afg_OperatingIncomeLossBeforeRealizedGainsLossesAndIncomeTaxes"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_38112b09-cfed-4874-83cb-b058e106c663" xlink:to="loc_afg_OperatingIncomeLossBeforeRealizedGainsLossesAndIncomeTaxes_31689048-1a11-4a6b-ae95-9858dfd4196a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtAndEquitySecuritiesRealizedGainLoss_f3bace8d-1fdf-46f0-808b-90ddfd74294c" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DebtAndEquitySecuritiesRealizedGainLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_38112b09-cfed-4874-83cb-b058e106c663" xlink:to="loc_us-gaap_DebtAndEquitySecuritiesRealizedGainLoss_f3bace8d-1fdf-46f0-808b-90ddfd74294c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_PropertyAndCasualtyInsuranceUnderwritingIncomeLoss_a2da5998-78d8-40b9-963f-7e6b8a46d3f4" xlink:href="afg-20241231.xsd#afg_PropertyAndCasualtyInsuranceUnderwritingIncomeLoss"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_38112b09-cfed-4874-83cb-b058e106c663" xlink:to="loc_afg_PropertyAndCasualtyInsuranceUnderwritingIncomeLoss_a2da5998-78d8-40b9-963f-7e6b8a46d3f4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_InvestmentAndOtherIncomeNet_bc9b1e51-da37-445a-993f-dd9f673b43c4" xlink:href="afg-20241231.xsd#afg_InvestmentAndOtherIncomeNet"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_38112b09-cfed-4874-83cb-b058e106c663" xlink:to="loc_afg_InvestmentAndOtherIncomeNet_bc9b1e51-da37-445a-993f-dd9f673b43c4" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/SegmentsofOperationsComponentsofunderwritingprofitincludingsignificantsegmentexpensesbysegmentandsubsegmentDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#SegmentsofOperationsComponentsofunderwritingprofitincludingsignificantsegmentexpensesbysegmentandsubsegmentDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/SegmentsofOperationsComponentsofunderwritingprofitincludingsignificantsegmentexpensesbysegmentandsubsegmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_afg_PropertyAndCasualtyInsuranceUnderwritingIncomeLoss_56849437-3308-4d9c-a313-79f4aa3199fb" xlink:href="afg-20241231.xsd#afg_PropertyAndCasualtyInsuranceUnderwritingIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SellingGeneralAndAdministrativeExpense_5017957d-5f41-42c0-a75f-2ae2fa18ece3" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_SellingGeneralAndAdministrativeExpense"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_PropertyAndCasualtyInsuranceUnderwritingIncomeLoss_56849437-3308-4d9c-a313-79f4aa3199fb" xlink:to="loc_us-gaap_SellingGeneralAndAdministrativeExpense_5017957d-5f41-42c0-a75f-2ae2fa18ece3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PremiumsEarnedNet_7e2f888f-f68f-4152-aa06-58b1efd18d35" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PremiumsEarnedNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_PropertyAndCasualtyInsuranceUnderwritingIncomeLoss_56849437-3308-4d9c-a313-79f4aa3199fb" xlink:to="loc_us-gaap_PremiumsEarnedNet_7e2f888f-f68f-4152-aa06-58b1efd18d35" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_4234382d-7ab4-4759-98b5-0e633c696b55" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredNet"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_PropertyAndCasualtyInsuranceUnderwritingIncomeLoss_56849437-3308-4d9c-a313-79f4aa3199fb" xlink:to="loc_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_4234382d-7ab4-4759-98b5-0e633c696b55" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/FairValueMeasurementsThecarryingvalueandfairvalueoffinancialinstrumentsDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#FairValueMeasurementsThecarryingvalueandfairvalueoffinancialinstrumentsDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/FairValueMeasurementsThecarryingvalueandfairvalueoffinancialinstrumentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_afg_FinancialLiabilitiesNotAccountedForAtFairValue_e5b0f90a-f78c-4001-b9d6-76b1654c0c67" xlink:href="afg-20241231.xsd#afg_FinancialLiabilitiesNotAccountedForAtFairValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_f088e404-3ecf-475b-8ede-45512296ef67" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LongTermDebt"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_FinancialLiabilitiesNotAccountedForAtFairValue_e5b0f90a-f78c-4001-b9d6-76b1654c0c67" xlink:to="loc_us-gaap_LongTermDebt_f088e404-3ecf-475b-8ede-45512296ef67" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_FinancialAssetsNotAccountedForAtFairValue_1d50aca9-32b8-448b-8cd9-e402f2b15d48" xlink:href="afg-20241231.xsd#afg_FinancialAssetsNotAccountedForAtFairValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_563b17d3-d24b-480a-b6bb-289379b8a954" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_FinancialAssetsNotAccountedForAtFairValue_1d50aca9-32b8-448b-8cd9-e402f2b15d48" xlink:to="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_563b17d3-d24b-480a-b6bb-289379b8a954" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_a0f458d5-f995-4031-a328-ef5b43983093" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_FinancialAssetsNotAccountedForAtFairValue_1d50aca9-32b8-448b-8cd9-e402f2b15d48" xlink:to="loc_us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet_a0f458d5-f995-4031-a328-ef5b43983093" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/InvestmentsAvailableforsalefixedmaturitiesDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#InvestmentsAvailableforsalefixedmaturitiesDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/InvestmentsAvailableforsalefixedmaturitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax_45164b67-60c3-4359-af9e-ed9fe0359c63" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_1c893cbe-7b43-4c90-bf92-a6bd36e61a98" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax_45164b67-60c3-4359-af9e-ed9fe0359c63" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_1c893cbe-7b43-4c90-bf92-a6bd36e61a98" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_954200dc-7519-4543-b17f-e7610f62dcc6" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax_45164b67-60c3-4359-af9e-ed9fe0359c63" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_954200dc-7519-4543-b17f-e7610f62dcc6" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/InvestmentsEquitysecuritiesreportedatfairvalueDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#InvestmentsEquitysecuritiesreportedatfairvalueDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/InvestmentsEquitysecuritiesreportedatfairvalueDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquitySecuritiesFvNiCost_a6e6dbaf-3bac-4b79-bfb0-625cbd1e432f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EquitySecuritiesFvNiCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquitySecuritiesFvNi_b356e5cc-e201-4084-8d0a-104d08c5d842" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EquitySecuritiesFvNi"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EquitySecuritiesFvNiCost_a6e6dbaf-3bac-4b79-bfb0-625cbd1e432f" xlink:to="loc_us-gaap_EquitySecuritiesFvNi_b356e5cc-e201-4084-8d0a-104d08c5d842" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_EquitySecuritiesFVNIFairValueinExcessofCost_89b401f3-76eb-424a-9047-3d5210b9dac0" xlink:href="afg-20241231.xsd#afg_EquitySecuritiesFVNIFairValueinExcessofCost"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EquitySecuritiesFvNiCost_a6e6dbaf-3bac-4b79-bfb0-625cbd1e432f" xlink:to="loc_afg_EquitySecuritiesFVNIFairValueinExcessofCost_89b401f3-76eb-424a-9047-3d5210b9dac0" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/InvestmentsScheduledmaturitiesofavailableforsalefixedmaturitiesDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#InvestmentsScheduledmaturitiesofavailableforsalefixedmaturitiesDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/InvestmentsScheduledmaturitiesofavailableforsalefixedmaturitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValuePercent_67768d55-8c36-4069-9083-aa576973d6e2" xlink:href="afg-20241231.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValuePercent"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValuePercent_7ff59fb0-ed31-4b41-b312-557a1dd57205" xlink:href="afg-20241231.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValuePercent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValuePercent_67768d55-8c36-4069-9083-aa576973d6e2" xlink:to="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValuePercent_7ff59fb0-ed31-4b41-b312-557a1dd57205" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValuePercent_ba04db92-4592-49a9-9799-373fa882c8f2" xlink:href="afg-20241231.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValuePercent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValuePercent_67768d55-8c36-4069-9083-aa576973d6e2" xlink:to="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValuePercent_ba04db92-4592-49a9-9799-373fa882c8f2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValuePercent_851bd592-71ce-4c4c-ba16-0b92dbd948c6" xlink:href="afg-20241231.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValuePercent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValuePercent_67768d55-8c36-4069-9083-aa576973d6e2" xlink:to="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValuePercent_851bd592-71ce-4c4c-ba16-0b92dbd948c6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValuePercent_5457266c-3a0e-4a31-8217-8e986104b61c" xlink:href="afg-20241231.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValuePercent"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValuePercent_67768d55-8c36-4069-9083-aa576973d6e2" xlink:to="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValuePercent_5457266c-3a0e-4a31-8217-8e986104b61c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsAmortizedCost_433f395b-7b7b-4a3c-b257-d468a293850a" xlink:href="afg-20241231.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsAmortizedCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost_b9de5997-df8a-45e0-ad8d-a1732ffbd2c9" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsAmortizedCost_433f395b-7b7b-4a3c-b257-d468a293850a" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost_b9de5997-df8a-45e0-ad8d-a1732ffbd2c9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_6f211750-5c64-4c81-a195-e19a402a8f8d" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsAmortizedCost_433f395b-7b7b-4a3c-b257-d468a293850a" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_6f211750-5c64-4c81-a195-e19a402a8f8d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost_de783b58-2b06-4fa6-b271-8e9758044c13" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsAmortizedCost_433f395b-7b7b-4a3c-b257-d468a293850a" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost_de783b58-2b06-4fa6-b271-8e9758044c13" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_378ee49b-2323-4923-89d5-ade8e437f37e" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsAmortizedCost_433f395b-7b7b-4a3c-b257-d468a293850a" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_378ee49b-2323-4923-89d5-ade8e437f37e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue_46173e73-9e6c-4f3e-905b-0d61c365f5df" xlink:href="afg-20241231.xsd#afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_97c0558d-e2c9-442e-9f17-8b8fd1700e71" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue_46173e73-9e6c-4f3e-905b-0d61c365f5df" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_97c0558d-e2c9-442e-9f17-8b8fd1700e71" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_33278fd9-b21c-4fcc-bf12-b40d82da6cf9" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue_46173e73-9e6c-4f3e-905b-0d61c365f5df" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_33278fd9-b21c-4fcc-bf12-b40d82da6cf9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_34ca2b28-31bc-4a02-928b-92fef2b8a625" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue_46173e73-9e6c-4f3e-905b-0d61c365f5df" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_34ca2b28-31bc-4a02-928b-92fef2b8a625" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue_f8712b1c-f324-4657-b69b-cf0a3c0a7471" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_afg_AvailableForSaleSecuritiesDebtMaturitiesExcludingAbsAndMbsFairValue_46173e73-9e6c-4f3e-905b-0d61c365f5df" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue_f8712b1c-f324-4657-b69b-cf0a3c0a7471" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/InvestmentsScheduleofsourcesofnetinvestmentincomeDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#InvestmentsScheduleofsourcesofnetinvestmentincomeDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/InvestmentsScheduleofsourcesofnetinvestmentincomeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetInvestmentIncome_4ab0c985-c33a-4fd7-90f5-bb850c3e820a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetInvestmentIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GrossInvestmentIncomeOperating_8eba0073-530e-4196-9364-f848be3bfc0f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_GrossInvestmentIncomeOperating"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetInvestmentIncome_4ab0c985-c33a-4fd7-90f5-bb850c3e820a" xlink:to="loc_us-gaap_GrossInvestmentIncomeOperating_8eba0073-530e-4196-9364-f848be3bfc0f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentIncomeInvestmentExpense_de1b6f31-af7d-4c03-8e97-c94352b0202d" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_InvestmentIncomeInvestmentExpense"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetInvestmentIncome_4ab0c985-c33a-4fd7-90f5-bb850c3e820a" xlink:to="loc_us-gaap_InvestmentIncomeInvestmentExpense_de1b6f31-af7d-4c03-8e97-c94352b0202d" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/LongTermDebtScheduleoflongtermdebtDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#LongTermDebtScheduleoflongtermdebtDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/LongTermDebtScheduleoflongtermdebtDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_b134b50f-7be3-4715-b9fb-04ec125c912c" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LongTermDebt"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_8e2969d0-84d7-475d-8d04-8cc2add1114a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_b134b50f-7be3-4715-b9fb-04ec125c912c" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_8e2969d0-84d7-475d-8d04-8cc2add1114a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredFinanceCostsNet_a9906be9-e613-418a-9660-293fc55b0fec" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredFinanceCostsNet"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_b134b50f-7be3-4715-b9fb-04ec125c912c" xlink:to="loc_us-gaap_DeferredFinanceCostsNet_a9906be9-e613-418a-9660-293fc55b0fec" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/LeasesLeaseactivityDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#LeasesLeaseactivityDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/LeasesLeaseactivityDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeaseCost_56450f54-33a4-4368-b685-4f3a04a9a2b4" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LeaseCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseCost_679289ec-2337-454d-af8e-bd9d2cdfe547" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OperatingLeaseCost"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LeaseCost_56450f54-33a4-4368-b685-4f3a04a9a2b4" xlink:to="loc_us-gaap_OperatingLeaseCost_679289ec-2337-454d-af8e-bd9d2cdfe547" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubleaseIncome_93e17eae-9656-4221-83cc-419312c24ed3" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_SubleaseIncome"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LeaseCost_56450f54-33a4-4368-b685-4f3a04a9a2b4" xlink:to="loc_us-gaap_SubleaseIncome_93e17eae-9656-4221-83cc-419312c24ed3" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/LeasesUndiscountedcontractualmaturitiesofoperatingleaseliabilitiesDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#LeasesUndiscountedcontractualmaturitiesofoperatingleaseliabilitiesDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/LeasesUndiscountedcontractualmaturitiesofoperatingleaseliabilitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_44aee9ce-43a0-44b1-9bc6-421e58ce0ffa" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_7c96ff8e-45d6-422e-8c0d-309d276056c9" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_44aee9ce-43a0-44b1-9bc6-421e58ce0ffa" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_7c96ff8e-45d6-422e-8c0d-309d276056c9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_da248994-092c-4659-a461-f1c54a087e05" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_44aee9ce-43a0-44b1-9bc6-421e58ce0ffa" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_da248994-092c-4659-a461-f1c54a087e05" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_a5b243f1-8606-49c5-8504-206c337f9ba3" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_44aee9ce-43a0-44b1-9bc6-421e58ce0ffa" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_a5b243f1-8606-49c5-8504-206c337f9ba3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_2185301f-7df5-4f87-b919-188f7b187842" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_44aee9ce-43a0-44b1-9bc6-421e58ce0ffa" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_2185301f-7df5-4f87-b919-188f7b187842" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_61f547e8-5295-4c2a-bc7f-1cc7fe7c93cd" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_44aee9ce-43a0-44b1-9bc6-421e58ce0ffa" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_61f547e8-5295-4c2a-bc7f-1cc7fe7c93cd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_588601d8-adad-45a4-a651-cc8e36c93685" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_44aee9ce-43a0-44b1-9bc6-421e58ce0ffa" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_588601d8-adad-45a4-a651-cc8e36c93685" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/ShareholdersEquityProgressionofthecomponentsofaccumulatedothercomprehensiveincomeDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#ShareholdersEquityProgressionofthecomponentsofaccumulatedothercomprehensiveincomeDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/ShareholdersEquityProgressionofthecomponentsofaccumulatedothercomprehensiveincomeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_b494a745-181f-4826-8182-f24ff6e1bdff" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax_25a6569c-9ac8-457a-b443-542ad5b87d09" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_b494a745-181f-4826-8182-f24ff6e1bdff" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax_25a6569c-9ac8-457a-b443-542ad5b87d09" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax_35bd545e-fd75-4499-b5d4-b3702332c616" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_b494a745-181f-4826-8182-f24ff6e1bdff" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax_35bd545e-fd75-4499-b5d4-b3702332c616" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax_08cb30d0-2d97-4ae0-a2d4-f62e9f4a843b" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_207c78b4-306e-4f12-89be-01f605af55c2" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax_08cb30d0-2d97-4ae0-a2d4-f62e9f4a843b" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_207c78b4-306e-4f12-89be-01f605af55c2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_2cd144a8-a83b-446e-adce-85b299aa0531" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax_08cb30d0-2d97-4ae0-a2d4-f62e9f4a843b" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_2cd144a8-a83b-446e-adce-85b299aa0531" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax_bc22f5da-0449-45c0-92cc-b5b827c042a1" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_9aeb701b-008a-47f9-924f-9db65aff72de" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax_bc22f5da-0449-45c0-92cc-b5b827c042a1" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_9aeb701b-008a-47f9-924f-9db65aff72de" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax_db03a73a-4ee6-4505-a383-31a2e1728923" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax_bc22f5da-0449-45c0-92cc-b5b827c042a1" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax_db03a73a-4ee6-4505-a383-31a2e1728923" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_d58aff98-e2b0-4149-9038-caef6fc22b76" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax_2199a46b-a933-460d-96de-92efa11ff7b8" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_d58aff98-e2b0-4149-9038-caef6fc22b76" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax_2199a46b-a933-460d-96de-92efa11ff7b8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax_b0a2b226-e0c5-4fb3-804b-c052d5fae560" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_d58aff98-e2b0-4149-9038-caef6fc22b76" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax_b0a2b226-e0c5-4fb3-804b-c052d5fae560" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossTax_39ec4e37-66c0-4fdc-acc5-a4a52bd3fa3b" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax_73159121-871c-44ea-81d7-0e19874b51fd" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossTax_39ec4e37-66c0-4fdc-acc5-a4a52bd3fa3b" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax_73159121-871c-44ea-81d7-0e19874b51fd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax_978d32a4-13d0-437f-93f6-3a21ed1022fb" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossTax_39ec4e37-66c0-4fdc-acc5-a4a52bd3fa3b" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax_978d32a4-13d0-437f-93f6-3a21ed1022fb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax_bf5c071b-ad49-4cb3-a69f-15d548bafaea" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossTax_39ec4e37-66c0-4fdc-acc5-a4a52bd3fa3b" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax_bf5c071b-ad49-4cb3-a69f-15d548bafaea" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax_94925839-5ba5-49f1-95ea-b9443ba8aecf" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossTax_39ec4e37-66c0-4fdc-acc5-a4a52bd3fa3b" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax_94925839-5ba5-49f1-95ea-b9443ba8aecf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_693baf42-ac6e-437d-b36e-0545692f71c1" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax_620ddfa9-4bbb-4028-83ad-801a4fc54519" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_693baf42-ac6e-437d-b36e-0545692f71c1" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax_620ddfa9-4bbb-4028-83ad-801a4fc54519" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax_164b6335-9a9f-431d-b8a2-cb0c5d0ea789" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_693baf42-ac6e-437d-b36e-0545692f71c1" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax_164b6335-9a9f-431d-b8a2-cb0c5d0ea789" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax_6e09e89e-aecd-4de0-bd73-67228b768f18" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_693baf42-ac6e-437d-b36e-0545692f71c1" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax_6e09e89e-aecd-4de0-bd73-67228b768f18" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax_b8989177-797f-44fe-aab7-f24a6e8f226d" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_693baf42-ac6e-437d-b36e-0545692f71c1" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax_b8989177-797f-44fe-aab7-f24a6e8f226d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_06426a36-fb7b-43c1-b47f-90e4a583cd8f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax_fbc4a9b7-023c-4ed6-95a8-f43e05d6cd0f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_06426a36-fb7b-43c1-b47f-90e4a583cd8f" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax_fbc4a9b7-023c-4ed6-95a8-f43e05d6cd0f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax_0306b3ff-459c-4aaf-a8e3-dfb787dc3f5a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_06426a36-fb7b-43c1-b47f-90e4a583cd8f" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax_0306b3ff-459c-4aaf-a8e3-dfb787dc3f5a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_5ce58b72-a53b-4390-9dfe-9c72bc3b56eb" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_26beb1af-06bc-4189-84c6-b4d63eb366fa" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_5ce58b72-a53b-4390-9dfe-9c72bc3b56eb" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_26beb1af-06bc-4189-84c6-b4d63eb366fa" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_12a336be-1901-41dd-8b2c-95ca562a4052" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_5ce58b72-a53b-4390-9dfe-9c72bc3b56eb" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_12a336be-1901-41dd-8b2c-95ca562a4052" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_bf94ede9-b746-41fb-b374-b3f40a429197" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax_e485352c-2a97-4d7c-80ef-2256b9277a9a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_bf94ede9-b746-41fb-b374-b3f40a429197" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax_e485352c-2a97-4d7c-80ef-2256b9277a9a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_b8202507-ff99-415f-b50f-6db7f10e7d86" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_bf94ede9-b746-41fb-b374-b3f40a429197" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_b8202507-ff99-415f-b50f-6db7f10e7d86" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax_54792c40-a913-488f-b941-69141b6d380e" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax_df4ea8d1-132d-408b-994c-f7e47b78756e" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax_54792c40-a913-488f-b941-69141b6d380e" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax_df4ea8d1-132d-408b-994c-f7e47b78756e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax_b9d7a53b-502c-42a2-9529-7e3b629b0370" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax_54792c40-a913-488f-b941-69141b6d380e" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax_b9d7a53b-502c-42a2-9529-7e3b629b0370" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_737f9c09-6441-4d5d-94b1-7301f07e8a69" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax_1b734d0b-afbf-4d8c-bc14-af1d3920a837" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_737f9c09-6441-4d5d-94b1-7301f07e8a69" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax_1b734d0b-afbf-4d8c-bc14-af1d3920a837" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_6a640467-644b-4f0c-9b57-07cc8bc455ef" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_737f9c09-6441-4d5d-94b1-7301f07e8a69" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_6a640467-644b-4f0c-9b57-07cc8bc455ef" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax_9f14f105-18b2-4df9-95da-5118bdff807d" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax_94329304-8e26-4b43-89f7-d48997b9a8a9" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax_9f14f105-18b2-4df9-95da-5118bdff807d" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax_94329304-8e26-4b43-89f7-d48997b9a8a9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_5bbcdf68-cb9f-4cbf-a954-97bd481ecaed" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax_9f14f105-18b2-4df9-95da-5118bdff807d" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_5bbcdf68-cb9f-4cbf-a954-97bd481ecaed" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/IncomeTaxesReconciliationofincometaxesatthestatutoryratetotheprovisionforincometaxesDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#IncomeTaxesReconciliationofincometaxesatthestatutoryratetotheprovisionforincometaxesDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/IncomeTaxesReconciliationofincometaxesatthestatutoryratetotheprovisionforincometaxesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_7e6225e6-2950-49c7-ac4b-c43ae1854a58" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost_a4bf02f3-7af7-42e9-8857-4c858540c30e" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_7e6225e6-2950-49c7-ac4b-c43ae1854a58" xlink:to="loc_us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost_a4bf02f3-7af7-42e9-8857-4c858540c30e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_1df6e462-fcff-4033-a76e-6ddbec10c799" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_7e6225e6-2950-49c7-ac4b-c43ae1854a58" xlink:to="loc_us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_1df6e462-fcff-4033-a76e-6ddbec10c799" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends_392b893e-9255-4546-bbac-e11ad2e17e2a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_7e6225e6-2950-49c7-ac4b-c43ae1854a58" xlink:to="loc_us-gaap_IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends_392b893e-9255-4546-bbac-e11ad2e17e2a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationOtherAdjustments_65e92efb-aee7-400e-bdea-4e12c4dc6a63" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxReconciliationOtherAdjustments"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_7e6225e6-2950-49c7-ac4b-c43ae1854a58" xlink:to="loc_us-gaap_IncomeTaxReconciliationOtherAdjustments_65e92efb-aee7-400e-bdea-4e12c4dc6a63" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationNondeductibleExpense_da052aad-8261-4a84-8fbc-dba854d48229" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxReconciliationNondeductibleExpense"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_7e6225e6-2950-49c7-ac4b-c43ae1854a58" xlink:to="loc_us-gaap_IncomeTaxReconciliationNondeductibleExpense_da052aad-8261-4a84-8fbc-dba854d48229" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_76bcceb9-e161-4949-81bf-36501e9d0e43" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_7e6225e6-2950-49c7-ac4b-c43ae1854a58" xlink:to="loc_us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_76bcceb9-e161-4949-81bf-36501e9d0e43" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationDeductionsDividends_b6033aca-2540-4392-88ab-2b5f90a649bf" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxReconciliationDeductionsDividends"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_7e6225e6-2950-49c7-ac4b-c43ae1854a58" xlink:to="loc_us-gaap_IncomeTaxReconciliationDeductionsDividends_b6033aca-2540-4392-88ab-2b5f90a649bf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationPriorYearIncomeTaxes_339ef25d-259e-4cfd-afc3-234184668f64" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxReconciliationPriorYearIncomeTaxes"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_7e6225e6-2950-49c7-ac4b-c43ae1854a58" xlink:to="loc_us-gaap_IncomeTaxReconciliationPriorYearIncomeTaxes_339ef25d-259e-4cfd-afc3-234184668f64" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationTaxSettlementsDomestic_af85b8f4-3e11-4c85-9eeb-9aec93142b48" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxReconciliationTaxSettlementsDomestic"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_7e6225e6-2950-49c7-ac4b-c43ae1854a58" xlink:to="loc_us-gaap_IncomeTaxReconciliationTaxSettlementsDomestic_af85b8f4-3e11-4c85-9eeb-9aec93142b48" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationTaxExemptIncome_a445f882-2ebb-40b5-9267-6b6b7dbdfb10" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxReconciliationTaxExemptIncome"/>
    <link:calculationArc order="10" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_7e6225e6-2950-49c7-ac4b-c43ae1854a58" xlink:to="loc_us-gaap_IncomeTaxReconciliationTaxExemptIncome_a445f882-2ebb-40b5-9267-6b6b7dbdfb10" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential_90cf2d94-301d-4723-88a7-f9839114dffb" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_7e6225e6-2950-49c7-ac4b-c43ae1854a58" xlink:to="loc_us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential_90cf2d94-301d-4723-88a7-f9839114dffb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c7d37b83-10b3-4616-9126-7fcaff1f30df" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends_4a11e367-c53e-4779-a4d0-b1fd34ac26a0" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c7d37b83-10b3-4616-9126-7fcaff1f30df" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends_4a11e367-c53e-4779-a4d0-b1fd34ac26a0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends_679c03b8-da8c-4bc7-b792-97d0ea2c82d0" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c7d37b83-10b3-4616-9126-7fcaff1f30df" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsDividends_679c03b8-da8c-4bc7-b792-97d0ea2c82d0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_404ff108-049f-48b1-8d11-d576915e9608" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c7d37b83-10b3-4616-9126-7fcaff1f30df" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_404ff108-049f-48b1-8d11-d576915e9608" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_0ac7eaf6-d25c-4264-947f-768ac5c82ace" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c7d37b83-10b3-4616-9126-7fcaff1f30df" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_0ac7eaf6-d25c-4264-947f-768ac5c82ace" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome_84e850fe-3463-4923-9b55-15d490427e07" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c7d37b83-10b3-4616-9126-7fcaff1f30df" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome_84e850fe-3463-4923-9b55-15d490427e07" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes_64877a44-3e41-43cc-a618-ac839919764c" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c7d37b83-10b3-4616-9126-7fcaff1f30df" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes_64877a44-3e41-43cc-a618-ac839919764c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_60461d38-53fb-4101-b985-ed97a55761e5" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c7d37b83-10b3-4616-9126-7fcaff1f30df" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_60461d38-53fb-4101-b985-ed97a55761e5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense_cadb24ca-d32e-48d8-864e-ada2924420e5" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c7d37b83-10b3-4616-9126-7fcaff1f30df" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense_cadb24ca-d32e-48d8-864e-ada2924420e5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost_cf2b8b36-c1ba-4aaf-a88e-635df05bb450" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c7d37b83-10b3-4616-9126-7fcaff1f30df" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost_cf2b8b36-c1ba-4aaf-a88e-635df05bb450" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_36df182d-655d-4e90-b9d6-71bebf515921" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c7d37b83-10b3-4616-9126-7fcaff1f30df" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_36df182d-655d-4e90-b9d6-71bebf515921" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationTaxSettlementsDomestic_bffd6b4f-b619-4289-bfe9-b07ecc4643b6" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationTaxSettlementsDomestic"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_c7d37b83-10b3-4616-9126-7fcaff1f30df" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationTaxSettlementsDomestic_bffd6b4f-b619-4289-bfe9-b07ecc4643b6" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/IncomeTaxesTotalincometaxprovisionDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#IncomeTaxesTotalincometaxprovisionDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/IncomeTaxesTotalincometaxprovisionDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_ec2ffc11-75ce-4f23-bdd9-3c8aff34ebd6" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredFederalIncomeTaxExpenseBenefit_9a6f5033-cd2e-4f96-b773-c9b31e4f6aaf" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredFederalIncomeTaxExpenseBenefit"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_ec2ffc11-75ce-4f23-bdd9-3c8aff34ebd6" xlink:to="loc_us-gaap_DeferredFederalIncomeTaxExpenseBenefit_9a6f5033-cd2e-4f96-b773-c9b31e4f6aaf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CurrentFederalTaxExpenseBenefit_65421f29-9c1e-4976-87ae-4ce02cb8be4a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_CurrentFederalTaxExpenseBenefit"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_ec2ffc11-75ce-4f23-bdd9-3c8aff34ebd6" xlink:to="loc_us-gaap_CurrentFederalTaxExpenseBenefit_65421f29-9c1e-4976-87ae-4ce02cb8be4a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CurrentForeignTaxExpenseBenefit_fd483c95-d0fe-4316-93c2-30da62cd6668" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_CurrentForeignTaxExpenseBenefit"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_ec2ffc11-75ce-4f23-bdd9-3c8aff34ebd6" xlink:to="loc_us-gaap_CurrentForeignTaxExpenseBenefit_fd483c95-d0fe-4316-93c2-30da62cd6668" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CurrentStateAndLocalTaxExpenseBenefit_20e2ee0e-1089-42f9-add2-4420f78abce1" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_CurrentStateAndLocalTaxExpenseBenefit"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_ec2ffc11-75ce-4f23-bdd9-3c8aff34ebd6" xlink:to="loc_us-gaap_CurrentStateAndLocalTaxExpenseBenefit_20e2ee0e-1089-42f9-add2-4420f78abce1" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/IncomeTaxesSignificantcomponentsofdeferredtaxassetsandliabilitiesDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#IncomeTaxesSignificantcomponentsofdeferredtaxassetsandliabilitiesDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/IncomeTaxesSignificantcomponentsofdeferredtaxassetsandliabilitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilities_9879a346-9f1d-43b0-a8eb-044397dc82dd" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredIncomeTaxLiabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesLeasingArrangements_3625831d-fd74-4f6c-a7cf-9b46b2c709b8" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredTaxLiabilitiesLeasingArrangements"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredIncomeTaxLiabilities_9879a346-9f1d-43b0-a8eb-044397dc82dd" xlink:to="loc_us-gaap_DeferredTaxLiabilitiesLeasingArrangements_3625831d-fd74-4f6c-a7cf-9b46b2c709b8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_DeferredTaxLiabilitiesRealEstatePropertyandEquipment_160efe77-1c0e-421f-8ddd-7ed2faadc9d1" xlink:href="afg-20241231.xsd#afg_DeferredTaxLiabilitiesRealEstatePropertyandEquipment"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredIncomeTaxLiabilities_9879a346-9f1d-43b0-a8eb-044397dc82dd" xlink:to="loc_afg_DeferredTaxLiabilitiesRealEstatePropertyandEquipment_160efe77-1c0e-421f-8ddd-7ed2faadc9d1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesInvestments_59533e13-5b8f-4064-bccb-d0e561d43f86" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredTaxLiabilitiesInvestments"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredIncomeTaxLiabilities_9879a346-9f1d-43b0-a8eb-044397dc82dd" xlink:to="loc_us-gaap_DeferredTaxLiabilitiesInvestments_59533e13-5b8f-4064-bccb-d0e561d43f86" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_DeferredTaxLiabilitiesDiscountedInsuranceClaimsAndReservesTransitionAdjustment_1c237563-86e0-4886-873c-123dd86249c3" xlink:href="afg-20241231.xsd#afg_DeferredTaxLiabilitiesDiscountedInsuranceClaimsAndReservesTransitionAdjustment"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredIncomeTaxLiabilities_9879a346-9f1d-43b0-a8eb-044397dc82dd" xlink:to="loc_afg_DeferredTaxLiabilitiesDiscountedInsuranceClaimsAndReservesTransitionAdjustment_1c237563-86e0-4886-873c-123dd86249c3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesDeferredExpenseDeferredPolicyAcquisitionCost_753af1ba-18b3-47f7-adf6-b7a4e35a72c0" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredTaxLiabilitiesDeferredExpenseDeferredPolicyAcquisitionCost"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredIncomeTaxLiabilities_9879a346-9f1d-43b0-a8eb-044397dc82dd" xlink:to="loc_us-gaap_DeferredTaxLiabilitiesDeferredExpenseDeferredPolicyAcquisitionCost_753af1ba-18b3-47f7-adf6-b7a4e35a72c0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsLiabilitiesNet_9d688c5d-58ef-4b66-af0b-93bd87d40be4" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredTaxAssetsLiabilitiesNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsNet_f204f7c5-85d0-41cd-bc84-fee6495f3b8b" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredTaxAssetsNet"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsLiabilitiesNet_9d688c5d-58ef-4b66-af0b-93bd87d40be4" xlink:to="loc_us-gaap_DeferredTaxAssetsNet_f204f7c5-85d0-41cd-bc84-fee6495f3b8b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilities_54bf9ccd-ed5c-430e-9c5a-2479d50a1ffb" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredIncomeTaxLiabilities"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsLiabilitiesNet_9d688c5d-58ef-4b66-af0b-93bd87d40be4" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilities_54bf9ccd-ed5c-430e-9c5a-2479d50a1ffb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsNet_680608ef-8930-45e2-91b0-918024fda52f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredTaxAssetsNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsGross_c74de98c-adf4-4bad-b1be-181781fafe7b" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredTaxAssetsGross"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsNet_680608ef-8930-45e2-91b0-918024fda52f" xlink:to="loc_us-gaap_DeferredTaxAssetsGross_c74de98c-adf4-4bad-b1be-181781fafe7b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsValuationAllowance_188cbf27-93f7-4e25-b919-f3aeb04e4574" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredTaxAssetsValuationAllowance"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsNet_680608ef-8930-45e2-91b0-918024fda52f" xlink:to="loc_us-gaap_DeferredTaxAssetsValuationAllowance_188cbf27-93f7-4e25-b919-f3aeb04e4574" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsGross_c6c3ec61-ee51-4ed3-95f6-a00afc720f0a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredTaxAssetsGross"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsOther_22075c29-3f67-4b56-bdb3-7e017b8f6276" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredTaxAssetsOther"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_c6c3ec61-ee51-4ed3-95f6-a00afc720f0a" xlink:to="loc_us-gaap_DeferredTaxAssetsOther_22075c29-3f67-4b56-bdb3-7e017b8f6276" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits_7f840f96-6b89-4077-b421-5a48a2fe2790" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_c6c3ec61-ee51-4ed3-95f6-a00afc720f0a" xlink:to="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits_7f840f96-6b89-4077-b421-5a48a2fe2790" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsPolicyholderLiabilities_9276f335-96e6-420d-ba6f-3848f2296643" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsPolicyholderLiabilities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_c6c3ec61-ee51-4ed3-95f6-a00afc720f0a" xlink:to="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsPolicyholderLiabilities_9276f335-96e6-420d-ba6f-3848f2296643" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsDomestic_0014af0a-3e93-4d9f-b7d2-052218a5c779" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsDomestic"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_c6c3ec61-ee51-4ed3-95f6-a00afc720f0a" xlink:to="loc_us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsDomestic_0014af0a-3e93-4d9f-b7d2-052218a5c779" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_DeferredTaxAssetsLeaseLiabilities_021c5688-745e-41aa-8443-9cd55c5f4551" xlink:href="afg-20241231.xsd#afg_DeferredTaxAssetsLeaseLiabilities"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_c6c3ec61-ee51-4ed3-95f6-a00afc720f0a" xlink:to="loc_afg_DeferredTaxAssetsLeaseLiabilities_021c5688-745e-41aa-8443-9cd55c5f4551" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsForeign_43770114-eb25-4392-be29-f522843128d9" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsForeign"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_c6c3ec61-ee51-4ed3-95f6-a00afc720f0a" xlink:to="loc_us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsForeign_43770114-eb25-4392-be29-f522843128d9" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/InsuranceAnalysisofchangesintheliabilityforlossesandlossadjustmentexpensesnetofreinsuranceDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#InsuranceAnalysisofchangesintheliabilityforlossesandlossadjustmentexpensesnetofreinsuranceDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/InsuranceAnalysisofchangesintheliabilityforlossesandlossadjustmentexpensesnetofreinsuranceDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForLossesAndLossAdjustmentExpense_5fae3e10-46f5-4b2a-b660-4e15a4989eb6" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PaymentsForLossesAndLossAdjustmentExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1_2c87daf5-3e12-4847-8063-ad192334d831" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PaymentsForLossesAndLossAdjustmentExpense_5fae3e10-46f5-4b2a-b660-4e15a4989eb6" xlink:to="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1_2c87daf5-3e12-4847-8063-ad192334d831" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1_fce57f76-0698-4098-b8ea-999584855773" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PaymentsForLossesAndLossAdjustmentExpense_5fae3e10-46f5-4b2a-b660-4e15a4989eb6" xlink:to="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1_fce57f76-0698-4098-b8ea-999584855773" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/InsuranceReconciliationofincurredandpaidclaimsdevelopmentinformationtotheaggregatecarryingamountoftheliabilityforunpaidlossesandLAEDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#InsuranceReconciliationofincurredandpaidclaimsdevelopmentinformationtotheaggregatecarryingamountoftheliabilityforunpaidlossesandLAEDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/InsuranceReconciliationofincurredandpaidclaimsdevelopmentinformationtotheaggregatecarryingamountoftheliabilityforunpaidlossesandLAEDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet_125866a5-0c3e-42a1-a2fc-a14e560b3b5b" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNet_375696bf-f252-48bd-a5a6-16736475dd88" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNet"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet_125866a5-0c3e-42a1-a2fc-a14e560b3b5b" xlink:to="loc_us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNet_375696bf-f252-48bd-a5a6-16736475dd88" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndClaimAdjustmentExpenseOtherReconcilingItem_e0f4abba-aba4-4b08-bf61-3fc1f86a63cb" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndClaimAdjustmentExpenseOtherReconcilingItem"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet_125866a5-0c3e-42a1-a2fc-a14e560b3b5b" xlink:to="loc_us-gaap_ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndClaimAdjustmentExpenseOtherReconcilingItem_e0f4abba-aba4-4b08-bf61-3fc1f86a63cb" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/InsuranceReinsuranceinformationtableincludingassumedcededandrecoveriesDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#InsuranceReinsuranceinformationtableincludingassumedcededandrecoveriesDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/InsuranceReinsuranceinformationtableincludingassumedcededandrecoveriesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PremiumsWrittenNet_f6d58fd6-9dd1-4c62-96c1-32cc7bf0477f" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PremiumsWrittenNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DirectPremiumsWritten_221ec2a5-f61c-4a86-8e68-c4e541ffeeff" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DirectPremiumsWritten"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PremiumsWrittenNet_f6d58fd6-9dd1-4c62-96c1-32cc7bf0477f" xlink:to="loc_us-gaap_DirectPremiumsWritten_221ec2a5-f61c-4a86-8e68-c4e541ffeeff" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumedPremiumsWritten_f10416d8-6a9f-47b7-9a75-5e515b2a60fe" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AssumedPremiumsWritten"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PremiumsWrittenNet_f6d58fd6-9dd1-4c62-96c1-32cc7bf0477f" xlink:to="loc_us-gaap_AssumedPremiumsWritten_f10416d8-6a9f-47b7-9a75-5e515b2a60fe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CededPremiumsWritten_13d85768-ebc0-4f11-a375-45a14104b571" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_CededPremiumsWritten"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PremiumsWrittenNet_f6d58fd6-9dd1-4c62-96c1-32cc7bf0477f" xlink:to="loc_us-gaap_CededPremiumsWritten_13d85768-ebc0-4f11-a375-45a14104b571" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PremiumsEarnedNet_39ff159f-f046-4afa-8c04-e15102a84570" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_PremiumsEarnedNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DirectPremiumsEarned_cbc233b7-27b4-4474-88d0-9adc656bf567" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_DirectPremiumsEarned"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PremiumsEarnedNet_39ff159f-f046-4afa-8c04-e15102a84570" xlink:to="loc_us-gaap_DirectPremiumsEarned_cbc233b7-27b4-4474-88d0-9adc656bf567" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssumedPremiumsEarned_1942d736-e278-4c1b-beed-f0f7740394ea" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_AssumedPremiumsEarned"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PremiumsEarnedNet_39ff159f-f046-4afa-8c04-e15102a84570" xlink:to="loc_us-gaap_AssumedPremiumsEarned_1942d736-e278-4c1b-beed-f0f7740394ea" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CededPremiumsEarned_2805add8-377a-4461-a498-cee413f5dad0" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_CededPremiumsEarned"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PremiumsEarnedNet_39ff159f-f046-4afa-8c04-e15102a84570" xlink:to="loc_us-gaap_CededPremiumsEarned_2805add8-377a-4461-a498-cee413f5dad0" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/CondensedFinancialInformationofParentCompanyCondensedBalanceSheetDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#CondensedFinancialInformationofParentCompanyCondensedBalanceSheetDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/CondensedFinancialInformationofParentCompanyCondensedBalanceSheetDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_973cbd3d-e15f-4f57-a660-ce08481512f1" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_Assets"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_45444094-bc3d-41be-9ade-9154f44132df" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_973cbd3d-e15f-4f57-a660-ce08481512f1" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_45444094-bc3d-41be-9ade-9154f44132df" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarketableSecurities_3db46a7e-5ec5-4597-989f-17603ec6a72d" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_MarketableSecurities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_973cbd3d-e15f-4f57-a660-ce08481512f1" xlink:to="loc_us-gaap_MarketableSecurities_3db46a7e-5ec5-4597-989f-17603ec6a72d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_eb33404b-6905-4865-9aab-349c02d2f62a" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_973cbd3d-e15f-4f57-a660-ce08481512f1" xlink:to="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_eb33404b-6905-4865-9aab-349c02d2f62a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvestments_2663c620-7bc7-4236-8932-52a84e4d6058" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherInvestments"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_973cbd3d-e15f-4f57-a660-ce08481512f1" xlink:to="loc_us-gaap_OtherInvestments_2663c620-7bc7-4236-8932-52a84e4d6058" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssets_71e098b9-9ce3-4682-b734-ffb0759b7e2c" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherAssets"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_973cbd3d-e15f-4f57-a660-ce08481512f1" xlink:to="loc_us-gaap_OtherAssets_71e098b9-9ce3-4682-b734-ffb0759b7e2c" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/CondensedFinancialInformationofParentCompanyCondensedStatementofEarningsDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#CondensedFinancialInformationofParentCompanyCondensedStatementofEarningsDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/CondensedFinancialInformationofParentCompanyCondensedStatementofEarningsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BenefitsLossesAndExpenses_a20062e1-0db9-44ca-9a8f-5cbe1c9815bb" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_BenefitsLossesAndExpenses"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_9b69e583-c655-40bb-9e27-fd8c6b9303a6" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_InterestExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_BenefitsLossesAndExpenses_a20062e1-0db9-44ca-9a8f-5cbe1c9815bb" xlink:to="loc_us-gaap_InterestExpense_9b69e583-c655-40bb-9e27-fd8c6b9303a6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_InterestExpenseOnIntercompanyBorrowings_aebcfd34-9437-48bd-b330-dfccb594f8e9" xlink:href="afg-20241231.xsd#afg_InterestExpenseOnIntercompanyBorrowings"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_BenefitsLossesAndExpenses_a20062e1-0db9-44ca-9a8f-5cbe1c9815bb" xlink:to="loc_afg_InterestExpenseOnIntercompanyBorrowings_aebcfd34-9437-48bd-b330-dfccb594f8e9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCostAndExpenseOperating_1c2d64e1-7f82-4dd6-9587-365b8c373f29" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_OtherCostAndExpenseOperating"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_BenefitsLossesAndExpenses_a20062e1-0db9-44ca-9a8f-5cbe1c9815bb" xlink:to="loc_us-gaap_OtherCostAndExpenseOperating_1c2d64e1-7f82-4dd6-9587-365b8c373f29" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_9fb0fafb-2c7d-4086-bed1-e0fbf5b2b873" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_Revenues"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_EquityInDistributedPretaxEarningsOfConsolidatedSubsidiaries_27b84aa1-38b0-42a8-9f1b-008dbdea1df9" xlink:href="afg-20241231.xsd#afg_EquityInDistributedPretaxEarningsOfConsolidatedSubsidiaries"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_9fb0fafb-2c7d-4086-bed1-e0fbf5b2b873" xlink:to="loc_afg_EquityInDistributedPretaxEarningsOfConsolidatedSubsidiaries_27b84aa1-38b0-42a8-9f1b-008dbdea1df9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_EquityInUndistributedPretaxEarningsOfConsolidatedSubsidiaries_1ceaf155-8449-4d2a-bcb4-cc4146dd0f5e" xlink:href="afg-20241231.xsd#afg_EquityInUndistributedPretaxEarningsOfConsolidatedSubsidiaries"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_9fb0fafb-2c7d-4086-bed1-e0fbf5b2b873" xlink:to="loc_afg_EquityInUndistributedPretaxEarningsOfConsolidatedSubsidiaries_1ceaf155-8449-4d2a-bcb4-cc4146dd0f5e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_InvestmentAndOtherIncome_fcc73ac5-e45e-455b-bf8c-7b947ae719a1" xlink:href="afg-20241231.xsd#afg_InvestmentAndOtherIncome"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_9fb0fafb-2c7d-4086-bed1-e0fbf5b2b873" xlink:to="loc_afg_InvestmentAndOtherIncome_fcc73ac5-e45e-455b-bf8c-7b947ae719a1" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.afginc.com/role/CondensedFinancialInformationofParentCompanyCondensedStatementofCashFlowsDetails" xlink:type="simple" xlink:href="afg-20241231.xsd#CondensedFinancialInformationofParentCompanyCondensedStatementofCashFlowsDetails"/>
  <link:calculationLink xlink:role="http://www.afginc.com/role/CondensedFinancialInformationofParentCompanyCondensedStatementofCashFlowsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_71a7a0f9-d5e3-4c9c-9fe2-a321a2a69cfe" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromSubsidiariesNetOfTax_f38370e8-ce12-47cb-aff9-a33b99f41289" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_IncomeLossFromSubsidiariesNetOfTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_71a7a0f9-d5e3-4c9c-9fe2-a321a2a69cfe" xlink:to="loc_us-gaap_IncomeLossFromSubsidiariesNetOfTax_f38370e8-ce12-47cb-aff9-a33b99f41289" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_860ed9d9-d6f9-4ef5-817e-e4fc8e6749f0" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_71a7a0f9-d5e3-4c9c-9fe2-a321a2a69cfe" xlink:to="loc_us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_860ed9d9-d6f9-4ef5-817e-e4fc8e6749f0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_OtherOperatingActivitiesCondensedConsolidatingCashFlowStatement_58f54796-50d7-4e86-80f2-a40c5ad9b467" xlink:href="afg-20241231.xsd#afg_OtherOperatingActivitiesCondensedConsolidatingCashFlowStatement"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_71a7a0f9-d5e3-4c9c-9fe2-a321a2a69cfe" xlink:to="loc_afg_OtherOperatingActivitiesCondensedConsolidatingCashFlowStatement_58f54796-50d7-4e86-80f2-a40c5ad9b467" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_bc5a9dd7-4fb3-437e-acf5-cfc5a53687c8" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetIncomeLoss"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_71a7a0f9-d5e3-4c9c-9fe2-a321a2a69cfe" xlink:to="loc_us-gaap_NetIncomeLoss_bc5a9dd7-4fb3-437e-acf5-cfc5a53687c8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_f6d47b49-294c-4615-9095-befd0cfc3398" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_ReturnsOfCapitalFromSubsidiaries_5a09247d-ca4e-40fa-9b36-e3c6d2b8d613" xlink:href="afg-20241231.xsd#afg_ReturnsOfCapitalFromSubsidiaries"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_f6d47b49-294c-4615-9095-befd0cfc3398" xlink:to="loc_afg_ReturnsOfCapitalFromSubsidiaries_5a09247d-ca4e-40fa-9b36-e3c6d2b8d613" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_7274ae71-6579-4995-939c-002852c87711" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_f6d47b49-294c-4615-9095-befd0cfc3398" xlink:to="loc_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_7274ae71-6579-4995-939c-002852c87711" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_PurchasesOfInvestmentsPropertyAndEquipment_7ee1a315-13d3-4108-8a77-b345e2f57d08" xlink:href="afg-20241231.xsd#afg_PurchasesOfInvestmentsPropertyAndEquipment"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_f6d47b49-294c-4615-9095-befd0cfc3398" xlink:to="loc_afg_PurchasesOfInvestmentsPropertyAndEquipment_7ee1a315-13d3-4108-8a77-b345e2f57d08" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_CapitalContributionsToSubsidiaries_06037b7a-483c-4e7b-99b8-fd77879b4d42" xlink:href="afg-20241231.xsd#afg_CapitalContributionsToSubsidiaries"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_f6d47b49-294c-4615-9095-befd0cfc3398" xlink:to="loc_afg_CapitalContributionsToSubsidiaries_06037b7a-483c-4e7b-99b8-fd77879b4d42" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_afg_ProceedsFromSalesOfInvestmentsPropertyAndEquipment_854594d3-cd8c-473a-ab01-45382dc01f2a" xlink:href="afg-20241231.xsd#afg_ProceedsFromSalesOfInvestmentsPropertyAndEquipment"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_f6d47b49-294c-4615-9095-befd0cfc3398" xlink:to="loc_afg_ProceedsFromSalesOfInvestmentsPropertyAndEquipment_854594d3-cd8c-473a-ab01-45382dc01f2a" xlink:type="arc"/>
  </link:calculationLink>
</link:linkbase>
