Condensed Financial Information of Parent Company

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company

AMERICAN FINANCIAL GROUP, INC. — PARENT ONLY

SCHEDULE II — CONDENSED FINANCIAL INFORMATION OF REGISTRANT

(In Millions)

Condensed Balance Sheet

	December 31,
	2013		2012
Assets:
Cash and cash equivalents	$	523	$	279
Investment in securities	53		44
Investment in subsidiaries (a)	5,041		5,155
Other investments	2		2
Other assets	108		117
Total assets	$	5,727	$	5,597
Liabilities and Equity:
Long-term debt	$	840	$	840
Other liabilities	288		179
Shareholders’ equity	4,599		4,578
Total liabilities and equity	$	5,727	$	5,597

Condensed Statement of Earnings

	Year ended December 31,
	2013		2012		2011
Revenues:
Dividends from subsidiaries	$	606	$	433	$	544
Equity in undistributed earnings of subsidiaries	260		325		164
Investment and other income	8		5		2
Total revenues	874		763		710
Costs and Expenses:
Interest charges on intercompany borrowings	10		11		11
Interest charges on other borrowings	67		61		53
Other expenses	90		68		65
Total costs and expenses	167		140		129
Earnings before income taxes	707		623		581
Provision for income taxes	236		135		239
Net Earnings Attributable to Shareholders	$	471	$	488	$	342

Condensed Statement of Comprehensive Income

Net earnings attributable to shareholders	$	471		$	488	$	342
Other comprehensive income (loss), net of tax	(271		)	252		85
Total comprehensive income, net of tax	$	200		$	740	$	427

________________________

(a) Investment in subsidiaries includes intercompany receivables and payables.

Condensed Statement of Cash Flows

	Year ended December 31,
	2013			2012			2011
Operating Activities:
Net earnings attributable to shareholders	$	471		$	488		$	342
Adjustments:
Equity in net earnings of subsidiaries	(579		)	(515		)	(439		)
Dividends from subsidiaries	543			417			542
Other operating activities, net	(7		)	(10		)	17
Net cash provided by operating activities	428			380			462
Investing Activities:
Capital contributions to subsidiaries	(38		)	(274		)	(29		)
Returns of capital from subsidiaries	36			1			2
Purchases of investments, property and equipment	(2		)	(11		)	(54		)
Proceeds from maturities and redemptions of investments	—			—			4
Proceeds from sales of investments, property and equipment	—			—			5
Net cash used in investing activities	(4		)	(284		)	(72		)
Financing Activities:
Additional long-term borrowings	—			344			—
Reductions of long-term debt	—			(115		)	—
Issuances of Common Stock	50			44			37
Repurchases of Common Stock	(70		)	(415		)	(315		)
Cash dividends paid on Common Stock	(160		)	(90		)	(67		)
Net cash used in financing activities	(180		)	(232		)	(345		)
Net Change in Cash and Cash Equivalents	244			(136		)	45
Cash and cash equivalents at beginning of year	279			415			370
Cash and cash equivalents at end of year	$	523		$	279		$	415