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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Schedule of long-term debt instruments
The carrying value of long-term debt consisted of the following at December 31 (in millions): 
 
2015
 
2014
Direct Senior Obligations of AFG:
 
 
 
9-7/8% Senior Notes due June 2019
$
350

 
$
350

6-3/8% Senior Notes due June 2042
230

 
230

5-3/4% Senior Notes due August 2042
125

 
125

7% Senior Notes due September 2050

 
132

Other
3

 
3

 
708

 
840

 
 
 
 
Direct Subordinated Obligations of AFG:
 
 
 
6-1/4% Subordinated Debentures due September 2054
150

 
150

6% Subordinated Debentures due November 2055
150

 

 
300

 
150

Subsidiaries:
 
 
 
Notes payable secured by real estate

 
59

National Interstate bank credit facility
12

 
12

 
12

 
71

 
$
1,020

 
$
1,061


Summary of secured and unsecured long-term debt
As shown below at December 31 (in millions), the majority of AFG’s long-term debt is unsecured obligations of the holding company and its subsidiaries.
 
2015
 
2014
Senior unsecured obligations
$
720

 
$
852

Subordinated unsecured obligations
300

 
150

Obligations secured by real estate

 
59

 
$
1,020

 
$
1,061