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Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating Activities:      
Net earnings, including noncontrolling interests $ 406us-gaap_ProfitLoss $ 453us-gaap_ProfitLoss $ 402us-gaap_ProfitLoss
Adjustments:      
Depreciation and amortization 144us-gaap_DepreciationAmortizationAndAccretionNet 142us-gaap_DepreciationAmortizationAndAccretionNet 257us-gaap_DepreciationAmortizationAndAccretionNet
Annuity benefits 648afg_AnnuityBenefits 531afg_AnnuityBenefits 541afg_AnnuityBenefits
Realized gains on investing activities (58)us-gaap_RealizedInvestmentGainsLosses (230)us-gaap_RealizedInvestmentGainsLosses (367)us-gaap_RealizedInvestmentGainsLosses
Net (purchases) sales of trading securities (109)us-gaap_ProceedsFromPaymentsForTradingSecurities 2us-gaap_ProceedsFromPaymentsForTradingSecurities 17us-gaap_ProceedsFromPaymentsForTradingSecurities
Deferred annuity and life policy acquisition costs (198)afg_DeferredAnnuityAndLifePolicyAcquisitionCosts (222)afg_DeferredAnnuityAndLifePolicyAcquisitionCosts (212)afg_DeferredAnnuityAndLifePolicyAcquisitionCosts
Change in:      
Reinsurance and other receivables (199)afg_DecreaseIncreaseInReinsuranceAndOtherReceivables 176afg_DecreaseIncreaseInReinsuranceAndOtherReceivables (495)afg_DecreaseIncreaseInReinsuranceAndOtherReceivables
Other assets (87)us-gaap_IncreaseDecreaseInOtherOperatingAssets (149)us-gaap_IncreaseDecreaseInOtherOperatingAssets (51)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Insurance claims and reserves 587afg_IncreaseDecreaseInInsuranceClaimsAndReserves (200)afg_IncreaseDecreaseInInsuranceClaimsAndReserves 918afg_IncreaseDecreaseInInsuranceClaimsAndReserves
Payable to reinsurers 134us-gaap_IncreaseDecreaseInReinsurancePayables 51us-gaap_IncreaseDecreaseInReinsurancePayables 0us-gaap_IncreaseDecreaseInReinsurancePayables
Other liabilities (63)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 280us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (180)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Managed investment entities’ assets/liabilities 2afg_ManagedInvestmentEntitiesAssetsAndLiabilities (98)afg_ManagedInvestmentEntitiesAssetsAndLiabilities (21)afg_ManagedInvestmentEntitiesAssetsAndLiabilities
Other operating activities, net 15us-gaap_OtherOperatingActivitiesCashFlowStatement 24us-gaap_OtherOperatingActivitiesCashFlowStatement 8us-gaap_OtherOperatingActivitiesCashFlowStatement
Net cash provided by operating activities 1,222us-gaap_NetCashProvidedByUsedInOperatingActivities 760us-gaap_NetCashProvidedByUsedInOperatingActivities 817us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing Activities:      
Purchases of fixed maturities (6,846)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (6,690)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (4,458)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt
Purchases of equity securities (471)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity (461)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity (281)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity
Purchases of mortgage loans (450)us-gaap_PaymentsToAcquireMortgageNotesReceivable (274)us-gaap_PaymentsToAcquireMortgageNotesReceivable (269)us-gaap_PaymentsToAcquireMortgageNotesReceivable
Purchases of real estate, property and equipment (47)afg_PurchasesOfRealEstatePropertyAndEquipment (52)afg_PurchasesOfRealEstatePropertyAndEquipment (71)afg_PurchasesOfRealEstatePropertyAndEquipment
Purchases of businesses (267)us-gaap_PaymentsToAcquireBusinessesGross 0us-gaap_PaymentsToAcquireBusinessesGross 0us-gaap_PaymentsToAcquireBusinessesGross
Proceeds from maturities and redemptions of fixed maturities 2,988us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 3,236us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 2,262us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Proceeds from repayments of mortgage loans 116us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable 102us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable 46us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
Proceeds from sales of fixed maturities 287us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt 275us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt 632us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
Proceeds from sales of equity securities 155us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity 434us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity 437us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
Proceeds from sales of real estate, property and equipment 14afg_ProceedsFromSalesOfRealEstatePropertyAndEquipment 34afg_ProceedsFromSalesOfRealEstatePropertyAndEquipment 4afg_ProceedsFromSalesOfRealEstatePropertyAndEquipment
Proceeds from sales of businesses 0us-gaap_ProceedsFromDivestitureOfBusinesses 0us-gaap_ProceedsFromDivestitureOfBusinesses 322us-gaap_ProceedsFromDivestitureOfBusinesses
Cash and cash equivalents of businesses acquired (sold) 1,078us-gaap_PaymentsForProceedsFromBusinessesAndInterestInAffiliates (5)us-gaap_PaymentsForProceedsFromBusinessesAndInterestInAffiliates (34)us-gaap_PaymentsForProceedsFromBusinessesAndInterestInAffiliates
Managed investment entities:      
Purchases of investments (1,692)afg_PurchasesOfInvestmentsByManagedInvestmentEntities (1,426)afg_PurchasesOfInvestmentsByManagedInvestmentEntities (1,849)afg_PurchasesOfInvestmentsByManagedInvestmentEntities
Proceeds from sales and redemptions of investments 1,417afg_ProceedsFromSalesAndRedemptionsOfInvestmentsByManagedInvestmentEntities 1,904afg_ProceedsFromSalesAndRedemptionsOfInvestmentsByManagedInvestmentEntities 1,857afg_ProceedsFromSalesAndRedemptionsOfInvestmentsByManagedInvestmentEntities
Other investing activities, net 99us-gaap_PaymentsForProceedsFromOtherInvestingActivities 8us-gaap_PaymentsForProceedsFromOtherInvestingActivities (23)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (3,619)us-gaap_NetCashProvidedByUsedInInvestingActivities (2,915)us-gaap_NetCashProvidedByUsedInInvestingActivities (1,425)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing Activities:      
Annuity receipts 3,696us-gaap_ProceedsFromAnnuitiesAndInvestmentCertificates 4,233us-gaap_ProceedsFromAnnuitiesAndInvestmentCertificates 2,993us-gaap_ProceedsFromAnnuitiesAndInvestmentCertificates
Annuity surrenders, benefits and withdrawals (1,773)us-gaap_RepaymentsOfAnnuitiesAndInvestmentCertificates (1,588)us-gaap_RepaymentsOfAnnuitiesAndInvestmentCertificates (1,504)us-gaap_RepaymentsOfAnnuitiesAndInvestmentCertificates
Net transfers from variable annuity assets 43afg_NetTransfersFromToSeparateAccounts 32afg_NetTransfersFromToSeparateAccounts 36afg_NetTransfersFromToSeparateAccounts
Additional long-term borrowings 145us-gaap_ProceedsFromIssuanceOfLongTermDebt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt 372us-gaap_ProceedsFromIssuanceOfLongTermDebt
Reductions of long-term debt (2)us-gaap_RepaymentsOfLongTermDebt (40)us-gaap_RepaymentsOfLongTermDebt (365)us-gaap_RepaymentsOfLongTermDebt
Issuances of managed investment entities’ liabilities 1,400afg_ProceedsFromIssuanceOfManagedInvestmentEntities 1,192afg_ProceedsFromIssuanceOfManagedInvestmentEntities 781afg_ProceedsFromIssuanceOfManagedInvestmentEntities
Retirement of managed investment entities’ liabilities (1,094)afg_RetirementOfManagedInvestmentEntitiesLiabilities (1,560)afg_RetirementOfManagedInvestmentEntitiesLiabilities (830)afg_RetirementOfManagedInvestmentEntitiesLiabilities
Issuances of Common Stock 47us-gaap_ProceedsFromIssuanceOfCommonStock 54us-gaap_ProceedsFromIssuanceOfCommonStock 46us-gaap_ProceedsFromIssuanceOfCommonStock
Repurchases of Common Stock (191)us-gaap_PaymentsForRepurchaseOfCommonStock (70)us-gaap_PaymentsForRepurchaseOfCommonStock (415)us-gaap_PaymentsForRepurchaseOfCommonStock
Cash dividends paid on Common Stock (167)us-gaap_PaymentsOfDividendsCommonStock (160)us-gaap_PaymentsOfDividendsCommonStock (90)us-gaap_PaymentsOfDividendsCommonStock
Other financing activities, net (3)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (4)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (35)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash provided by (used in) financing activities 2,101us-gaap_NetCashProvidedByUsedInFinancingActivities 2,089us-gaap_NetCashProvidedByUsedInFinancingActivities 989us-gaap_NetCashProvidedByUsedInFinancingActivities
Net Change in Cash and Cash Equivalents (296)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (66)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 381us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 1,639us-gaap_CashAndCashEquivalentsAtCarryingValue 1,705us-gaap_CashAndCashEquivalentsAtCarryingValue 1,324us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year $ 1,343us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,639us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,705us-gaap_CashAndCashEquivalentsAtCarryingValue