Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Schedule of long-term debt instruments

The carrying value of long-term debt consisted of the following at December 31 (in millions):

	2013		2012
Direct obligations of AFG:
9-7/8% Senior Notes due June 2019	$	350	$	350
6-3/8% Senior Notes due June 2042	230		230
5-3/4% Senior Notes due August 2042	125		125
7% Senior Notes due September 2050	132		132
Other	3		3
	840		840
Subsidiaries:
Notes payable secured by real estate due 2014 through 2016	61		62
Secured borrowings ($16 guaranteed by AFG)	—		19
National Interstate bank credit facility	12		12
	73		93
Payable to Subsidiary Trusts:
AAG Holding Variable Rate Subordinated Debentures	—		20
	$	913	$	953

Summary of secured and unsecured long-term debt

As shown below at December 31 (in millions), the majority of AFG’s long-term debt is unsecured obligations of the holding company and its subsidiaries:

	2013		2012
Unsecured obligations	$	852	$	872
Obligations secured by real estate	61		62
Other secured borrowings	—		19
	$	913	$	953