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Fair Value Measurements (Details Textual) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
professional
stock
Mar. 31, 2013
stock
Fair Value Measurements (Textual) [Abstract]    
AFG's internal investment professionals 20  
Number of stocks transferred from Level 2 to Level 1 0 0
Level 3 assets as a percentage of total assets measured at fair value 3.00%  
Percentage of level 3 assets that were priced using non-binding broker quotes 85.00%  
Level 3 assets that were priced using non-binding broker quotes $ 833  
Percentage of internally developed Level 3 assets to total assets (are less than) 0.50%  
Percentage of internally developed Level 3 assets to Shareholders' equity (are less than) 3.00%  
Total realized/unrealized losses included in net income on liabilities still outstanding 4 (18)
Fixed-indexed annuities (embedded derivative) [Member]
   
Fair Value Measurements (Textual) [Abstract]    
Fair value of derivatives in annuity benefits accumulated measured using a discounted cash flow approach 904  
Fixed-indexed annuities (embedded derivative) [Member] | Minimum [Member]
   
Fair Value Measurements (Textual) [Abstract]    
Unobservable input surrenders used in Level 3 fair value determination 4.00%  
Fixed-indexed annuities (embedded derivative) [Member] | Maximum [Member]
   
Fair Value Measurements (Textual) [Abstract]    
Unobservable input surrenders used in Level 3 fair value determination 16.00%  
Fixed-indexed annuties (embedded derivative), majority of future years [Member] | Minimum [Member]
   
Fair Value Measurements (Textual) [Abstract]    
Unobservable input surrenders used in Level 3 fair value determination 6.00%  
Fixed-indexed annuties (embedded derivative), majority of future years [Member] | Maximum [Member]
   
Fair Value Measurements (Textual) [Abstract]    
Unobservable input surrenders used in Level 3 fair value determination 12.00%  
Perpetual preferred stocks [Member]
   
Fair Value Measurements (Textual) [Abstract]    
Number of stocks transferred from Level 1 to Level 2 8   
Fair value of assets transferred from Level 1 to Level 2 55   
Number of stocks transferred from Level 2 to Level 1      
Fair value of assets transferred from Level 2 to Level 1      
Common stocks [Member]
   
Fair Value Measurements (Textual) [Abstract]    
Number of stocks transferred from Level 1 to Level 2      
Fair value of assets transferred from Level 1 to Level 2      
Number of stocks transferred from Level 2 to Level 1      
Fair value of assets transferred from Level 2 to Level 1      
Redeemable preferred stocks [Member]
   
Fair Value Measurements (Textual) [Abstract]    
Number of stocks transferred from Level 1 to Level 2      
Fair value of assets transferred from Level 1 to Level 2      
Number of stocks transferred from Level 2 to Level 1      
Fair value of assets transferred from Level 2 to Level 1