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Deferred Policy Acquisition Costs (Tables)
 6 Months Ended
Jun. 30, 2013
Deferred Policy Acquisition Costs Disclosures [Abstract]  
Deferred Policy Acquisition Costs Details
A progression of deferred policy acquisition costs is presented below (in millions):
 
P&C
 
 
Annuity and Other (*)
 
 
 
 
Deferred
 
 
Deferred
 
Sales
 
Present Value
 
 
 
 
 
 
Consolidated
 
Costs
 
 
Costs
 
Inducements
 
of Future Profits
 
Unrealized
 
Total
 
 
Total
Balance at March 31, 2013
$
203

 
 
$
793

 
$
165

 
$
95

 
$
(691
)
 
$
362

 
 
$
565

Additions
123

 
 
49

 
2

 
—

 
—

 
51

 
 
174

Amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Periodic amortization
(117
)
 
 
(46
)
 
(8
)
 
(3
)
 
—

 
(57
)
 
 
(174
)
Included in realized gains
—

 
 
1

 
—

 
—

 
—

 
1

 
 
1

Foreign currency translation
(1
)
 
 
—

 
—

 
—

 
—

 
—

 
 
(1
)
Change in unrealized
—

 
 
—

 
—

 
—

 
253

 
253

 
 
253

Balance at June 30, 2013
$
208

 
 
$
797

 
$
159

 
$
92

 
$
(438
)
 
$
610

 
 
$
818

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at March 31, 2012
$
191

 
 
$
939

 
$
186

 
$
139

 
$
(539
)
 
$
725

 
 
$
916

Additions
118

 
 
70

 
6

 
—

 
—

 
76

 
 
194

Amortization:
 
 
 
 
 
 
 
 
 
 
 


 
 
 
Periodic amortization
(111
)
 
 
(39
)
 
(8
)
 
(4
)
 
—

 
(51
)
 
 
(162
)
Included in realized gains
—

 
 
1

 
—

 
—

 
—

 
1

 
 
1

Change in unrealized
—

 
 
—

 
—

 
—

 
(103
)
 
(103
)
 
 
(103
)
Balance at June 30, 2012
$
198

 
 
$
971

 
$
184

 
$
135

 
$
(642
)
 
$
648

 
 
$
846

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2012
$
204

 
 
$
787

 
$
170

 
$
99

 
$
(710
)
 
$
346

 
 
$
550

Additions
242

 
 
83

 
4

 
—

 
—

 
87

 
 
329

Amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Periodic amortization
(237
)
 
 
(73
)
 
(15
)
 
(7
)
 
—

 
(95
)
 
 
(332
)
Included in realized gains
—

 
 
—

 
—

 
—

 
—

 
—

 
 
—

Foreign currency translation
(1
)
 
 
—

 
—

 
—

 
—

 
—

 
 
(1
)
Change in unrealized
—

 
 
—

 
—

 
—

 
272

 
272

 
 
272

Balance at June 30, 2013
$
208

 
 
$
797

 
$
159

 
$
92

 
$
(438
)
 
$
610

 
 
$
818

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2011
$
189

 
 
$
916

 
$
189

 
$
144

 
$
(537
)
 
$
712

 
 
$
901

Additions
221

 
 
129

 
11

 
—

 
—

 
140

 
 
361

Amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Periodic amortization
(212
)
 
 
(75
)
 
(16
)
 
(9
)
 
—

 
(100
)
 
 
(312
)
Included in realized gains
—

 
 
1

 
—

 
—

 
—

 
1

 
 
1

Change in unrealized
—

 
 
—

 
—

 
—

 
(105
)
 
(105
)
 
 
(105
)
Balance at June 30, 2012
$
198

 
 
$
971

 
$
184

 
$
135

 
$
(642
)
 
$
648

 
 
$
846


(*)
Includes AFG’s run-off long-term care and life segment and Medicare supplement and critical illness segment (sold in August 2012).