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Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating Activities:    
Net earnings, including noncontrolling interests $ 25us-gaap_ProfitLoss $ 107us-gaap_ProfitLoss
Adjustments:    
Depreciation and amortization 31us-gaap_DepreciationAmortizationAndAccretionNet 27us-gaap_DepreciationAmortizationAndAccretionNet
Annuity benefits 184afg_AnnuityBenefits 168afg_AnnuityBenefits
Realized (gains) losses on investing activities 133us-gaap_RealizedInvestmentGainsLosses (19)us-gaap_RealizedInvestmentGainsLosses
Net (purchases) sales of trading securities (4)us-gaap_ProceedsFromPaymentsForTradingSecurities 6us-gaap_ProceedsFromPaymentsForTradingSecurities
Deferred annuity and life policy acquisition costs (44)afg_DeferredAnnuityAndLifePolicyAcquisitionCosts (50)afg_DeferredAnnuityAndLifePolicyAcquisitionCosts
Change in:    
Reinsurance and other receivables 483afg_DecreaseIncreaseInReinsuranceAndOtherReceivables 459afg_DecreaseIncreaseInReinsuranceAndOtherReceivables
Other assets 27us-gaap_IncreaseDecreaseInOtherOperatingAssets (5)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Insurance claims and reserves (242)afg_IncreaseDecreaseInInsuranceClaimsAndReserves (226)afg_IncreaseDecreaseInInsuranceClaimsAndReserves
Payable to reinsurers (151)us-gaap_IncreaseDecreaseInReinsurancePayables (108)us-gaap_IncreaseDecreaseInReinsurancePayables
Other liabilities (41)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (60)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Managed investment entities’ assets/liabilities (25)afg_ManagedInvestmentEntitiesAssetsAndLiabilities (99)afg_ManagedInvestmentEntitiesAssetsAndLiabilities
Other operating activities, net 21us-gaap_OtherOperatingActivitiesCashFlowStatement 4us-gaap_OtherOperatingActivitiesCashFlowStatement
Net cash provided by operating activities 397us-gaap_NetCashProvidedByUsedInOperatingActivities 204us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing Activities:    
Purchases of fixed maturities (1,605)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (1,355)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt
Purchases of equity securities (79)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity (137)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity
Purchases of mortgage loans (31)us-gaap_PaymentsToAcquireMortgageNotesReceivable (113)us-gaap_PaymentsToAcquireMortgageNotesReceivable
Purchases of real estate, property and equipment (19)afg_PurchasesOfRealEstatePropertyAndEquipment (14)afg_PurchasesOfRealEstatePropertyAndEquipment
Purchases of business 0us-gaap_PaymentsToAcquireBusinessesGross (8)us-gaap_PaymentsToAcquireBusinessesGross
Proceeds from maturities and redemptions of fixed maturities 736us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 782us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Proceeds from repayments of mortgage loans 59us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable 6us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
Proceeds from sales of fixed maturities 32us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt 151us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
Proceeds from sales of equity securities 79us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity 51us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
Proceeds from sales of real estate, property and equipment 23afg_ProceedsFromSalesOfRealEstatePropertyAndEquipment 1afg_ProceedsFromSalesOfRealEstatePropertyAndEquipment
Managed investment entities:    
Purchases of investments (258)afg_PurchasesOfInvestmentsByManagedInvestmentEntities (244)afg_PurchasesOfInvestmentsByManagedInvestmentEntities
Proceeds from sales and redemptions of investments 149afg_ProceedsFromSalesAndRedemptionsOfInvestmentsByManagedInvestmentEntities 442afg_ProceedsFromSalesAndRedemptionsOfInvestmentsByManagedInvestmentEntities
Other investing activities, net (54)us-gaap_PaymentsForProceedsFromOtherInvestingActivities 12us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (968)us-gaap_NetCashProvidedByUsedInInvestingActivities (426)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing Activities:    
Annuity receipts 813us-gaap_ProceedsFromAnnuitiesAndInvestmentCertificates 967us-gaap_ProceedsFromAnnuitiesAndInvestmentCertificates
Annuity surrenders, benefits and withdrawals (443)us-gaap_RepaymentsOfAnnuitiesAndInvestmentCertificates (395)us-gaap_RepaymentsOfAnnuitiesAndInvestmentCertificates
Net transfers from variable annuity assets 10afg_NetTransfersFromToSeparateAccounts 6afg_NetTransfersFromToSeparateAccounts
Issuances of managed investment entities’ liabilities 103afg_ProceedsFromIssuanceOfManagedInvestmentEntities 45afg_ProceedsFromIssuanceOfManagedInvestmentEntities
Retirement of managed investment entities’ liabilities (4)afg_RetirementOfManagedInvestmentEntitiesLiabilities (133)afg_RetirementOfManagedInvestmentEntitiesLiabilities
Issuances of Common Stock 19us-gaap_ProceedsFromIssuanceOfCommonStock 11us-gaap_ProceedsFromIssuanceOfCommonStock
Repurchases of Common Stock (31)us-gaap_PaymentsForRepurchaseOfCommonStock (24)us-gaap_PaymentsForRepurchaseOfCommonStock
Cash dividends paid on Common Stock (22)us-gaap_PaymentsOfDividendsCommonStock (19)us-gaap_PaymentsOfDividendsCommonStock
Other financing activities, net (5)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 1us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash provided by financing activities 440us-gaap_NetCashProvidedByUsedInFinancingActivities 459us-gaap_NetCashProvidedByUsedInFinancingActivities
Net Change in Cash and Cash Equivalents (131)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 237us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 1,343us-gaap_CashAndCashEquivalentsAtCarryingValue 1,639us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period $ 1,212us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,876us-gaap_CashAndCashEquivalentsAtCarryingValue