Income Taxes (Tables)

6 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Reconciliation of income taxes at the statutory rate and income taxes shown in the Statement of Earnings

The following is a reconciliation of income taxes at the statutory rate of 35% to the provision for income taxes as shown in the Statement of Earnings (in millions):

	Three months ended June 30,										Six months ended June 30,
	2014					2013					2014					2013
	Amount			% of EBT		Amount			% of EBT		Amount			% of EBT		Amount			% of EBT
Earnings before income taxes (“EBT”)	$	130				$	126				$	291				$	301
Income taxes at statutory rate	$	46		35	%	$	44		35	%	$	102		35	%	$	105		35	%
Effect of:
Tax exempt interest	(7		)	(5	%)	(6		)	(5	%)	(12		)	(4	%)	(11		)	(4	%)
Losses of managed investment entities	6			5	%	11			9	%	6			2	%	15			5	%
Subsidiaries not in AFG’s tax return	(2		)	(2	%)	(1		)	(1	%)	(1		)	—	%	—			—	%
Other	4			3	%	1			1	%	6			2	%	2			1	%
Provision for income taxes as shown in the Statement of Earnings	$	47		36	%	$	49		39	%	$	101		35	%	$	111		37	%