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Consolidated Balance Sheet (Unaudited) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Assets:    
Cash and cash equivalents $ 1,212us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,343us-gaap_CashAndCashEquivalentsAtCarryingValue
Investments:    
Fixed maturities, available for sale at fair value (amortized cost — $30,090 and $29,074) 31,968us-gaap_AvailableForSaleSecuritiesDebtSecurities 30,734us-gaap_AvailableForSaleSecuritiesDebtSecurities
Fixed maturities, trading at fair value 273us-gaap_TradingSecuritiesDebt 266us-gaap_TradingSecuritiesDebt
Equity securities, available for sale at fair value (cost — $1,306 and $1,283) 1,530us-gaap_AvailableForSaleSecuritiesEquitySecurities 1,501us-gaap_AvailableForSaleSecuritiesEquitySecurities
Equity securities, trading at fair value 180us-gaap_TradingSecuritiesEquity 195us-gaap_TradingSecuritiesEquity
Mortgage loans 1,091us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet 1,117us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
Policy loans 226us-gaap_LoansInsurancePolicy 228us-gaap_LoansInsurancePolicy
Real estate and other investments 904afg_RealEstateAndOtherInvestments 826afg_RealEstateAndOtherInvestments
Total cash and investments 37,384us-gaap_InvestmentsAndCash 36,210us-gaap_InvestmentsAndCash
Recoverables from reinsurers 3,046us-gaap_ReinsuranceRecoverables 3,238us-gaap_ReinsuranceRecoverables
Prepaid reinsurance premiums 475us-gaap_PrepaidReinsurancePremiums 469us-gaap_PrepaidReinsurancePremiums
Agents’ balances and premiums receivable 864us-gaap_PremiumsReceivableAtCarryingValue 889us-gaap_PremiumsReceivableAtCarryingValue
Deferred policy acquisition costs 756us-gaap_DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired 821us-gaap_DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired
Assets of managed investment entities 3,279us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets 3,108us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets
Other receivables 641us-gaap_OtherReceivables 910us-gaap_OtherReceivables
Variable annuity assets (separate accounts) 667us-gaap_SeparateAccountAssets 662us-gaap_SeparateAccountAssets
Other assets 994us-gaap_OtherAssets 1,027us-gaap_OtherAssets
Goodwill 201us-gaap_Goodwill 201us-gaap_Goodwill
Total assets 48,307us-gaap_Assets 47,535us-gaap_Assets
Liabilities and Equity:    
Unpaid losses and loss adjustment expenses 7,636us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability 7,872us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability
Unearned premiums 1,936us-gaap_UnearnedPremiums 1,956us-gaap_UnearnedPremiums
Annuity benefits accumulated 24,411us-gaap_LiabilityForFuturePolicyBenefitsIndividualAndGroupAnnuitiesAndSupplementaryContracts 23,764us-gaap_LiabilityForFuturePolicyBenefitsIndividualAndGroupAnnuitiesAndSupplementaryContracts
Life, accident and health reserves 2,195afg_LiabilityForLifeAccidentandHealthReserves 2,175afg_LiabilityForLifeAccidentandHealthReserves
Payable to reinsurers 494us-gaap_ReinsurancePayable 645us-gaap_ReinsurancePayable
Liabilities of managed investment entities 2,952us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities 2,819us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities
Long-term debt 1,061us-gaap_LongTermDebt 1,061us-gaap_LongTermDebt
Variable annuity liabilities (separate accounts) 667us-gaap_SeparateAccountsLiability 662us-gaap_SeparateAccountsLiability
Other liabilities 1,855us-gaap_OtherLiabilities 1,527us-gaap_OtherLiabilities
Total liabilities 43,207us-gaap_Liabilities 42,481us-gaap_Liabilities
Shareholders’ equity:    
Common Stock, no par value — 200,000,000 shares authorized — 87,885,715 and 87,708,793 shares outstanding 88us-gaap_CommonStockValue 88us-gaap_CommonStockValue
Capital surplus 1,173us-gaap_AdditionalPaidInCapitalCommonStock 1,152us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings:    
Appropriated — managed investment entities 0us-gaap_RetainedEarningsAppropriated (2)us-gaap_RetainedEarningsAppropriated
Unappropriated 2,886us-gaap_RetainedEarningsUnappropriated 2,914us-gaap_RetainedEarningsUnappropriated
Accumulated other comprehensive income, net of tax 776us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 727us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total shareholders’ equity 4,923us-gaap_StockholdersEquity 4,879us-gaap_StockholdersEquity
Noncontrolling interests 177us-gaap_MinorityInterest 175us-gaap_MinorityInterest
Total equity 5,100us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 5,054us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and equity $ 48,307us-gaap_LiabilitiesAndStockholdersEquity $ 47,535us-gaap_LiabilitiesAndStockholdersEquity