Aquisitions and Sales of Subsidiaries (Tables)

9 Months Ended

Sep. 30, 2012

Discontinued Operations and Disposal Groups [Abstract]

The impact of the August 2012 sale of the Medicare supplement and critical illness businesses on AFG’s financial statements is shown below (in millions):



Sale proceeds	$	307
Expenses	(12		)
Net proceeds	$	295

Assets of businesses sold:
Cash and investments	$	217
Deferred policy acquisition costs	108
Other assets	31
Total assets	356
Liabilities of businesses sold:
Life, accident and health reserves	209
Other liabilities	7
Total liabilities	216
Net assets of businesses sold	$	140

Gain on sale of subsidiaries	$	155

Summarized Statement of Earnings information for the Medicare supplement and critical illness businesses through the sale date is shown below (in millions):



	Three months ended				Nine months ended
	September 30,				September 30,
	2012 (*)		2011		2012 (*)		2011
Total revenues	$	53	$	80	$	212	$	244
Total costs and expenses	43		69		184		223
Operating earnings before income taxes	$	10	$	11	$	28	$	21

(*) Reflects revenues and expenses through the end of August 2012.

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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