Income Taxes (Tables)

3 Months Ended

Mar. 31, 2014

Income Tax Disclosure [Abstract]

Reconciliation of income taxes at the statutory rate and income taxes shown in the Statement of Earnings

The following is a reconciliation of income taxes at the statutory rate of 35% to the provision for income taxes as shown in the Statement of Earnings (in millions):

	Three months ended March 31,
	2014					2013
	Amount			% of EBT		Amount			% of EBT
Earnings before income taxes (“EBT”)	$	161				$	175
Income taxes at statutory rate	$	56		35	%	$	61		35	%
Effect of:
Tax exempt interest	(5		)	(3	%)	(5		)	(3	%)
Losses of managed investment entities	—			—	%	4			2	%
Subsidiaries not in AFG’s tax return	1			1	%	1			—	%
Other	2			1	%	1			1	%
Provision for income taxes as shown in the Statement of Earnings	$	54		34	%	$	62		35	%