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Income Taxes (Tables)
 3 Months Ended
Mar. 31, 2015
Income Tax Disclosure [Abstract]  
Reconciliation of income taxes at the statutory rate and income taxes shown in the Statement of Earnings
The following is a reconciliation of income taxes at the statutory rate of 35% to the provision for income taxes as shown in the Statement of Earnings (dollars in millions):
 
Three months ended March 31,
 
2015
 
2014
 
Amount
 
% of EBT
 
Amount
 
% of EBT
Earnings before income taxes (“EBT”)
$
30

 
 
 
$
161

 
 
 
 
 
 
 
 
 
 
Income taxes at statutory rate
$
10

 
35
%
 
$
56

 
35
%
Effect of:
 
 
 
 
 
 
 
Tax exempt interest
(7
)
 
(23
%)
 
(5
)
 
(3
%)
Change in valuation allowance
(1
)
 
(3
%)
 
1

 
1
%
Subsidiaries not in AFG’s tax return
1

 
3
%
 
1

 
1
%
Other
2

 
5
%
 
1

 
—
%
Provision for income taxes as shown in the Statement of Earnings
$
5

 
17
%
 
$
54

 
34
%