Condensed Financial Information of Parent Company

12 Months Ended

Dec. 31, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company

AMERICAN FINANCIAL GROUP, INC. — PARENT ONLY

SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF REGISTRANT

(In Millions)

Condensed Balance Sheet

	December 31,
	2012		2011
Assets:
Cash and cash equivalents	$	279	$	415
Investment in securities	44		39
Investment in subsidiaries (a)	5,155		4,732
Other investments	2		2
Other assets	117		105
Total assets	$	5,597	$	5,293
Liabilities and Equity:
Long-term debt	$	840	$	600
Other liabilities	179		282
Shareholders’ equity	4,578		4,411
Total liabilities and equity	$	5,597	$	5,293

Condensed Statement of Earnings

	Year ended December 31,
	2012		2011		2010
Revenues:
Dividends from subsidiaries	$	433	$	544	$	554
Equity in undistributed earnings of subsidiaries	325		164		301
Investment and other income	5		2		4
Total revenues	763		710		859
Costs and Expenses:
Interest charges on intercompany borrowings	11		11		12
Interest charges on other borrowings	61		53		46
Other operating and general expenses	68		65		51
Total costs and expenses	140		129		109
Operating earnings before income taxes	623		581		750
Provision for income taxes	135		239		268
Net Earnings Attributable to Shareholders	$	488	$	342	$	482

Condensed Statement of Comprehensive Income

Net earnings attributable to shareholders	$	488	$	342	$	482
Other comprehensive income, net of tax	252		85		336
Total comprehensive income, net of tax	$	740	$	427	$	818

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

Condensed Statement of Cash Flows

	Year ended December 31,
	2012			2011			2010
Operating Activities:
Net earnings attributable to shareholders	$	488		$	342		$	482
Adjustments:
Equity in net earnings of subsidiaries	(515		)	(439		)	(551		)
Dividends from subsidiaries	417			542			550
Other operating activities, net	(10		)	17			—
Net cash provided by operating activities	380			462			481
Investing Activities:
Purchases of investments, property and equipment	(11		)	(54		)	(13		)
Net capital contributions to subsidiaries	(273		)	(27		)	(97		)
Proceeds from maturities and redemptions of investments	—			4			—
Proceeds from sales of investments, property and equipment	—			5			—
Net cash used in investing activities	(284		)	(72		)	(110		)
Financing Activities:
Additional long-term borrowings	344			—			128
Reductions of long-term debt	(115		)	—			—
Issuances of Common Stock	44			37			31
Repurchases of Common Stock	(415		)	(315		)	(292		)
Cash dividends paid on Common Stock	(90		)	(67		)	(63		)
Other financing activities, net	—			—			(2		)
Net cash used in financing activities	(232		)	(345		)	(198		)
Net change in cash and cash equivalents	(136		)	45			173
Cash and cash equivalents at beginning of year	415			370			197
Cash and cash equivalents at end of year	$	279		$	415		$	370