Carl Lindner III is Co-Chief Executive Officer of AMERICAN FINANCIAL GROUP, Inc. (AFG). The company reported total compensation of $11,042,543 for fiscal year 2025.
| Salary | $1,250,000 |
|---|---|
| Bonus | $0 |
| Stock awards | $1,500,009 |
| Option awards | $0 |
| Non-equity incentive plan | $6,454,770 |
| Pension and non-qualified deferred compensation | $0 |
| All other compensation | $1,837,764 |
| Total | $11,042,543 |
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.
Cited to the compensation disclosure AMERICAN FINANCIAL GROUP, Inc. filed April 3, 2026, accession 0001140361-26-013118.
| Fiscal year | Role | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | Co-Chief Executive Officer | $1,250,000 | $0 | $1,500,009 | $0 | $6,454,770 | $0 | $1,837,764 | $11,042,543 |
| FY2023 | Co-Chief Executive Officer (Co-Principal Executive Officer) | $1,250,000 | $0 | $1,500,054 | $0 | $5,308,570 | $0 | $1,785,524 | $9,844,148 |
Totals as disclosed in each year's own compensation disclosure for AMERICAN FINANCIAL GROUP, Inc..
| Peer-group chief executive median | $13,537,953 |
|---|---|
| Difference from that median | $-2,495,410 |
| Percentile within the disclosed peer group | 36th |
| Peers with a disclosed figure | 14 |
Medians and percentiles are computed across the peer group AMERICAN FINANCIAL GROUP, Inc. discloses in its own compensation disclosure.
| Named executive officer | Role | FY2025 total |
|---|---|---|
| Carl Lindner III this page | Co-Chief Executive Officer | $11,042,543 |
| John Berding | President of AFG and American Money Management Corporation | $6,994,801 |
| David Thompson | President and Chief Operating Officer of Great American Insurance Group | $2,661,106 |
| Brian Hertzman | Senior Vice President and Chief Financial Officer | $1,526,651 |
| Mark Weiss | Senior Vice President and General Counsel | $1,507,259 |
The company's named executive officers for fiscal year 2025, and what it reported for each. See the full AMERICAN FINANCIAL GROUP, Inc. compensation brief.
Carl Lindner III's compensation sits inside AMERICAN FINANCIAL GROUP, Inc.'s full executive and board picture — the peer group, pay against peers, incentive design and the board itself.