Condensed Financial Information of Parent Company

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company

AMERICAN FINANCIAL GROUP, INC. — PARENT ONLY

SCHEDULE II — CONDENSED FINANCIAL INFORMATION OF REGISTRANT

(In Millions)

Condensed Balance Sheet

	December 31,
	2014		2013
Assets:
Cash and cash equivalents	$	292	$	523
Investment in securities	58		53
Investment in subsidiaries (a)	5,638		5,041
Other investments	2		2
Other assets	103		108
Total assets	$	6,093	$	5,727
Liabilities and Equity:
Long-term debt	$	990	$	840
Other liabilities	224		288
Shareholders’ equity	4,879		4,599
Total liabilities and equity	$	6,093	$	5,727

Condensed Statement of Earnings

	Year ended December 31,
	2014		2013		2012
Revenues:
Dividends from subsidiaries	$	480	$	606	$	433
Equity in undistributed earnings of subsidiaries	332		260		325
Investment and other income	5		8		5
Total revenues	817		874		763
Costs and Expenses:
Interest charges on intercompany borrowings	10		10		11
Interest charges on other borrowings	69		67		61
Other expenses	66		90		68
Total costs and expenses	145		167		140
Earnings before income taxes	672		707		623
Provision for income taxes	220		236		135
Net Earnings Attributable to Shareholders	$	452	$	471	$	488

Condensed Statement of Comprehensive Income

Net earnings attributable to shareholders	$	452	$	471		$	488
Other comprehensive income (loss), net of tax	167		(271		)	252
Total comprehensive income, net of tax	$	619	$	200		$	740

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(a) Investment in subsidiaries includes intercompany receivables and payables.

Condensed Statement of Cash Flows

	Year ended December 31,
	2014			2013			2012
Operating Activities:
Net earnings attributable to shareholders	$	452		$	471		$	488
Adjustments:
Equity in net earnings of subsidiaries	(545		)	(579		)	(515		)
Dividends from subsidiaries	451			543			417
Other operating activities, net	14			(7		)	(10		)
Net cash provided by operating activities	372			428			380
Investing Activities:
Capital contributions to subsidiaries	(431		)	(38		)	(274		)
Returns of capital from subsidiaries	—			36			1
Purchases of investments, property and equipment	(1		)	(2		)	(11		)
Net cash used in investing activities	(432		)	(4		)	(284		)
Financing Activities:
Additional long-term borrowings	145			—			344
Reductions of long-term debt	—			—			(115		)
Issuances of Common Stock	42			50			44
Repurchases of Common Stock	(191		)	(70		)	(415		)
Cash dividends paid on Common Stock	(167		)	(160		)	(90		)
Net cash used in financing activities	(171		)	(180		)	(232		)
Net Change in Cash and Cash Equivalents	(231		)	244			(136		)
Cash and cash equivalents at beginning of year	523			279			415
Cash and cash equivalents at end of year	$	292		$	523		$	279