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Income Taxes (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Reconciliation of income taxes at the statutory rate to the provision for income taxes shown in the Statement of Earnings        
Earnings before income taxes (“EBT”) $ 145 $ 142 $ 436 $ 443
Income taxes at statutory rate 51 50 153 155
Income taxes at statutory rate as a percentage of EBT 35.00% 35.00% 35.00% 35.00%
Effect of tax exempt interest (6) (5) (18) (16)
Effect of tax exempt interest as a percentage of EBT (4.00%) (3.00%) (4.00%) (4.00%)
Effect of losses of managed investment entities 10 (4) 16 11
Effect of losses of managed investment entities as a percentage of EBT 7.00% (3.00%) 4.00% 3.00%
Effect of subsidiaries not in AFG's tax return 1 1 0 1
Effect of subsidiaries not in AFG's tax return as a percentage of EBT 1.00% 1.00% 0.00% 0.00%
Effect of other income tax reconciliation (2) 2 4 4
Effect of other income tax reconciliation as a percentage of EBT (2.00%) 1.00% 1.00% 1.00%
Provision for income taxes as shown on the Statement of Earnings $ 54 $ 44 $ 155 $ 155
Provision for income taxes as shown on the Statement of Earnings as a percentage of EBT 37.00% 31.00% 36.00% 35.00%