Condensed Financial Information of Parent Company

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company

AMERICAN FINANCIAL GROUP, INC. — PARENT ONLY

SCHEDULE II — CONDENSED FINANCIAL INFORMATION OF REGISTRANT

(In Millions)

Condensed Balance Sheet

	December 31,
	2017		2016
Assets:
Cash and cash equivalents	$	299	$	197
Investment in securities	70		63
Investment in subsidiaries (a)	6,310		5,989
Other investments	2		2
Other assets	141		136
Total assets	$	6,822	$	6,387
Liabilities and Equity:
Long-term debt	$	1,301	$	1,283
Other liabilities	191		188
Shareholders’ equity	5,330		4,916
Total liabilities and equity	$	6,822	$	6,387

Condensed Statement of Earnings

	Year ended December 31,
	2017		2016		2015
Revenues:
Dividends from subsidiaries	$	681	$	643	$	311
Equity in undistributed earnings of subsidiaries	264		286		386
Investment and other income	13		7		4
Total revenues	958		936		701
Costs and Expenses:
Interest charges on intercompany borrowings	9		9		9
Interest charges on other borrowings	85		77		73
Other expenses	142		82		72
Total costs and expenses	236		168		154
Earnings before income taxes	722		768		547
Provision for income taxes	247		119		195
Net Earnings Attributable to Shareholders	$	475	$	649	$	352

Condensed Statement of Comprehensive Income

Net earnings attributable to shareholders	$	475	$	649	$	352
Other comprehensive income (loss), net of tax	296		62		(423		)
Total comprehensive income (loss), net of tax	$	771	$	711	$	(71	)

________________________

(a) Investment in subsidiaries includes intercompany receivables and payables.

Condensed Statement of Cash Flows

	Year ended December 31,
	2017			2016			2015
Operating Activities:
Net earnings attributable to shareholders	$	475		$	649		$	352
Adjustments:
Equity in net earnings of subsidiaries	(575		)	(638		)	(451		)
Dividends from subsidiaries	580			611			280
Other operating activities, net	98			(67		)	(19		)
Net cash provided by operating activities	578			555			162
Investing Activities:
Capital contributions to subsidiaries	(93		)	(560		)	(27		)
Returns of capital from subsidiaries	30			—			1
Purchases of investments, property and equipment	(2		)	(1		)	(10		)
Proceeds from maturities and redemptions of investments	2			1			—
Proceeds from sales of investments, property and equipment	—			—			3
Net cash used in investing activities	(63		)	(560		)	(33		)
Financing Activities:
Additional long-term borrowings	712			296			145
Reductions of long-term debt	(745		)	—			(132		)
Issuances of Common Stock	37			35			57
Repurchases of Common Stock	—			(133		)	(126		)
Cash dividends paid on Common Stock	(417		)	(185		)	(176		)
Net cash provided by (used in) financing activities	(413		)	13			(232		)
Net Change in Cash and Cash Equivalents	102			8			(103		)
Cash and cash equivalents at beginning of year	197			189			292
Cash and cash equivalents at end of year	$	299		$	197		$	189