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Segments of Operations (Details 1) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Segment Reporting Information [Line Items]        
Earnings before realized gains (losses) and income taxes $ 132 $ 86 $ 392 $ 289
Realized gains on securities 13 56 44 154
Earnings before income taxes 145 142 436 443
Property and Casualty Insurance [Member]
       
Segment Reporting Information [Line Items]        
Property and casualty insurance underwriting 46 8 133 70
Investment and other income, net 64 53 180 169
Earnings before realized gains (losses) and income taxes 110 61 313 239
Annuity [Member]
       
Segment Reporting Information [Line Items]        
Earnings before realized gains (losses) and income taxes 86 78 [1] 243 231 [1]
Run-off Long-term Care and Life [Member]
       
Segment Reporting Information [Line Items]        
Earnings before realized gains (losses) and income taxes 1 (4) (3) (7)
Other [Member]
       
Segment Reporting Information [Line Items]        
Earnings before realized gains (losses) and income taxes (65) [2] (49) [2] (161) [2] (174) [2]
Specialty Property and transportation [Member]
       
Segment Reporting Information [Line Items]        
Property and casualty insurance underwriting 11 16 (1) (5)
Specialty casualty [Member]
       
Segment Reporting Information [Line Items]        
Property and casualty insurance underwriting 32 19 100 70
Specialty financial [Member]
       
Segment Reporting Information [Line Items]        
Property and casualty insurance underwriting 21 22 46 50
Specialty Other [Member]
       
Segment Reporting Information [Line Items]        
Property and casualty insurance underwriting 6 5 13 16
Other Lines [Member]
       
Segment Reporting Information [Line Items]        
Property and casualty insurance underwriting $ (24) [3] $ (54) [3] $ (25) [3] $ (61) [3]
[1] Includes a $5 million charge in the second quarter of 2013 to cover expected assessments from state guaranty funds related to the insolvency and liquidation of an unaffiliated life insurance company.
[2] Includes holding company expenses and earnings (losses) of managed investment entities attributable to noncontrolling interest of ($29) million and $12 million for the third quarter and ($47) million and ($30) million for the first nine months of 2014 and 2013, respectively. Holding company expenses includes special charges totaling $6 million in the third quarter of 2014 and $22 million in the third quarter of 2013 to increase A&E reserves related to AFG’s former railroad and manufacturing operations.
[3] Includes special charges of $24 million and $54 million in the third quarter of 2014 and 2013, respectively, to increase asbestos and environmental (“A&E”) reserves.