XML 63 R53.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value Measurements (Details 5) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Financial assets:        
Cash and cash equivalents $ 1,343us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,639us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,705us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,324us-gaap_CashAndCashEquivalentsAtCarryingValue
Mortgage loans 1,117us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet 781us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet    
Policy loans 228us-gaap_LoansInsurancePolicy 238us-gaap_LoansInsurancePolicy    
Financial liabilities:        
Long-term debt 1,061us-gaap_LongTermDebt 913us-gaap_LongTermDebt    
Level 1 [Member]        
Financial assets:        
Cash and cash equivalents 1,343us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
1,639us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
   
Mortgage loans 0us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
0us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
   
Policy loans 0us-gaap_LoansInsurancePolicy
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
0us-gaap_LoansInsurancePolicy
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
   
Total financial assets not accounted for at fair value 1,343afg_FinancialAssetsNotAccountedForAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
1,639afg_FinancialAssetsNotAccountedForAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
   
Financial liabilities:        
Annuity benefits accumulated 0afg_AnnuityBenefitsAccumulatedExcludingLifeContingentAnnuities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
[1] 0afg_AnnuityBenefitsAccumulatedExcludingLifeContingentAnnuities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
[1]    
Long-term debt 0us-gaap_LongTermDebt
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
0us-gaap_LongTermDebt
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
   
Total financial liabilities not accounted for at fair value 0afg_FinancialLiabilitiesNotAccountedForAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
0afg_FinancialLiabilitiesNotAccountedForAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
   
Level 2 [Member]        
Financial assets:        
Cash and cash equivalents 0us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
0us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Mortgage loans 0us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
0us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Policy loans 0us-gaap_LoansInsurancePolicy
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
0us-gaap_LoansInsurancePolicy
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Total financial assets not accounted for at fair value 0afg_FinancialAssetsNotAccountedForAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
0afg_FinancialAssetsNotAccountedForAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Financial liabilities:        
Annuity benefits accumulated 0afg_AnnuityBenefitsAccumulatedExcludingLifeContingentAnnuities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
[1] 0afg_AnnuityBenefitsAccumulatedExcludingLifeContingentAnnuities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
[1]    
Long-term debt 1,106us-gaap_LongTermDebt
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
909us-gaap_LongTermDebt
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Total financial liabilities not accounted for at fair value 1,106afg_FinancialLiabilitiesNotAccountedForAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
909afg_FinancialLiabilitiesNotAccountedForAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Level 3 [Member]        
Financial assets:        
Cash and cash equivalents 0us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
0us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
   
Mortgage loans 1,124us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
779us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
   
Policy loans 228us-gaap_LoansInsurancePolicy
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
238us-gaap_LoansInsurancePolicy
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
   
Total financial assets not accounted for at fair value 1,352afg_FinancialAssetsNotAccountedForAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
1,017afg_FinancialAssetsNotAccountedForAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
   
Financial liabilities:        
Annuity benefits accumulated 23,187afg_AnnuityBenefitsAccumulatedExcludingLifeContingentAnnuities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
[1] 19,959afg_AnnuityBenefitsAccumulatedExcludingLifeContingentAnnuities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
[1]    
Long-term debt 74us-gaap_LongTermDebt
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
76us-gaap_LongTermDebt
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
   
Total financial liabilities not accounted for at fair value 23,261afg_FinancialLiabilitiesNotAccountedForAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
20,035afg_FinancialLiabilitiesNotAccountedForAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
   
Carrying Value [Member]        
Financial assets:        
Cash and cash equivalents 1,343us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
1,639us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Mortgage loans 1,117us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
781us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Policy loans 228us-gaap_LoansInsurancePolicy
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
238us-gaap_LoansInsurancePolicy
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Total financial assets not accounted for at fair value 2,688afg_FinancialAssetsNotAccountedForAtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
2,658afg_FinancialAssetsNotAccountedForAtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Financial liabilities:        
Annuity benefits accumulated 23,561afg_AnnuityBenefitsAccumulatedExcludingLifeContingentAnnuities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
[1] 20,741afg_AnnuityBenefitsAccumulatedExcludingLifeContingentAnnuities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
[1]    
Long-term debt 1,061us-gaap_LongTermDebt
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
913us-gaap_LongTermDebt
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Total financial liabilities not accounted for at fair value 24,622afg_FinancialLiabilitiesNotAccountedForAtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
21,654afg_FinancialLiabilitiesNotAccountedForAtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Fair Value [Member]        
Financial assets:        
Cash and cash equivalents 1,343us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
1,639us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Mortgage loans 1,124us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
779us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Policy loans 228us-gaap_LoansInsurancePolicy
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
238us-gaap_LoansInsurancePolicy
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Total financial assets not accounted for at fair value 2,695afg_FinancialAssetsNotAccountedForAtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
2,656afg_FinancialAssetsNotAccountedForAtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Financial liabilities:        
Annuity benefits accumulated 23,187afg_AnnuityBenefitsAccumulatedExcludingLifeContingentAnnuities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
[1] 19,959afg_AnnuityBenefitsAccumulatedExcludingLifeContingentAnnuities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
[1]    
Long-term debt 1,180us-gaap_LongTermDebt
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
985us-gaap_LongTermDebt
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Total financial liabilities not accounted for at fair value $ 24,367afg_FinancialLiabilitiesNotAccountedForAtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
$ 20,944afg_FinancialLiabilitiesNotAccountedForAtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
[1] Excludes life contingent annuities in the payout phase.