Quarterly Operating Results (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Schedule of quarterly operating results

The following are quarterly results of consolidated operations for the two years ended December 31, 2013 (in millions, except per share amounts). Quarterly earnings per share do not add to year-to-date amounts due to changes in shares outstanding.

	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		Total Year
2013
Revenues	$	1,148	$	1,139	$	1,443	$	1,362	$	5,092
Net earnings, including noncontrolling interests	113		77		98		165		453
Net earnings attributable to shareholders	120		110		83		158		471
Earnings attributable to shareholders per Common Share:
Basic	$	1.34	$	1.23	$	0.94	$	1.77	$	5.27
Diluted	1.32		1.20		0.92		1.73		5.16
Average number of Common Shares:
Basic	89.4		89.6		89.1		89.4		89.3
Diluted	91.0		91.5		91.0		91.4		91.2
2012
Revenues	$	1,087	$	1,124	$	1,538	$	1,208	$	4,957
Net earnings, including noncontrolling interests	88		84		211		19		402
Net earnings attributable to shareholders	113		99		226		50		488
Earnings attributable to shareholders per Common Share:
Basic	$	1.16	$	1.02	$	2.43	$	0.55	$	5.18
Diluted	1.14		1.01		2.39		0.54		5.09
Average number of Common Shares:
Basic	97.7		96.4		92.9		89.8		94.2
Diluted	99.4		98.0		94.6		91.4		95.9

Quarterly information on realized gains (losses) and favorable (unfavorable) development on unpaid loss and loss adjustment expenses

Pretax realized gains on subsidiaries and securities (including other-than-temporary impairments) and favorable (adverse) prior year development of AFG’s liability for losses and loss adjustment expenses (“LAE”) were as follows (in millions):

	1st Quarter		2nd Quarter		3rd Quarter			4th Quarter		Total Year
Realized Gains
2013	$	57	$	41	$	56		$	63	$	217
2012	44		15		241			71		371
Prior Year Development Favorable (Adverse)
2013	$	28	$	22	$	(40	)	$	5	$	15
2012	19		27		(23		)	7		30