XML 42 R29.htm IDEA: XBRL DOCUMENT v3.4.0.3
Long-Term Debt (Tables)
 3 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Schedule of long-term debt instruments
Long-term debt consisted of the following (in millions):
 
March 31, 2016
 
December 31, 2015
 
Principal
 
Debt Issue Costs
 
Carrying Value
 
Principal
 
Debt Issue Costs
 
Carrying Value
Direct Senior Obligations of AFG:
 
 
 
 
 
 
 
 
 
 
 
9-7/8% Senior Notes due June 2019
$
350

 
$
(1
)
 
$
349

 
$
350

 
$
(1
)
 
$
349

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

 
(7
)
 
223

 
230

 
(7
)
 
223

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

 
(4
)
 
121

 
125

 
(4
)
 
121

Other
3

 
—

 
3

 
3

 
—

 
3

 
708

 
(12
)
 
696

 
708

 
(12
)
 
696

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

 
(5
)
 
145

 
150

 
(5
)
 
145

6% Subordinated Debentures due November 2055
150

 
(5
)
 
145

 
150

 
(5
)
 
145

 
300

 
(10
)
 
290

 
300

 
(10
)
 
290

 
 
 
 
 
 
 
 
 
 
 
 
Subsidiaries:
 
 
 
 
 
 
 
 
 
 
 
National Interstate bank credit facility
12

 
—

 
12

 
12

 
—

 
12

 
$
1,020

 
$
(22
)
 
$
998

 
$
1,020

 
$
(22
)
 
$
998
Summary of secured and unsecured long-term debt
As shown below (principal amount, in millions), the majority of AFG’s long-term debt is unsecured obligations of the holding company and its subsidiaries:
 
March 31,
2016
 
December 31,
2015
Senior unsecured obligations
$
720

 
$
720

Subordinated unsecured obligations
300

 
300

 
$
1,020

 
$
1,020