Condensed Financial Information of Parent Company

12 Months Ended

Dec. 31, 2016

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,
	2016		2015
Assets:
Cash and cash equivalents	$	197	$	189
Investment in securities	63		63
Investment in subsidiaries (a)	5,989		5,439
Other investments	2		2
Other assets	136		84
Total assets	$	6,387	$	5,777
Liabilities and Equity:
Long-term debt	$	1,283	$	986
Other liabilities	188		199
Shareholders’ equity	4,916		4,592
Total liabilities and equity	$	6,387	$	5,777

Condensed Statement of Earnings

	Year ended December 31,
	2016		2015		2014
Revenues:
Dividends from subsidiaries	$	643	$	311	$	480
Equity in undistributed earnings of subsidiaries	286		386		332
Investment and other income	7		4		5
Total revenues	936		701		817
Costs and Expenses:
Interest charges on intercompany borrowings	9		9		10
Interest charges on other borrowings	77		73		70
Other expenses	82		72		65
Total costs and expenses	168		154		145
Earnings before income taxes	768		547		672
Provision for income taxes	119		195		220
Net Earnings Attributable to Shareholders	$	649	$	352	$	452

Condensed Statement of Comprehensive Income

Net earnings attributable to shareholders	$	649	$	352		$	452
Other comprehensive income (loss), net of tax	62		(423		)	167
Total comprehensive income (loss), net of tax	$	711	$	(71	)	$	619

________________________

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

Condensed Statement of Cash Flows

	Year ended December 31,
	2016			2015			2014
Operating Activities:
Net earnings attributable to shareholders	$	649		$	352		$	452
Adjustments:
Equity in net earnings of subsidiaries	(638		)	(451		)	(545		)
Dividends from subsidiaries	611			280			451
Other operating activities, net	(67		)	(19		)	14
Net cash provided by operating activities	555			162			372
Investing Activities:
Capital contributions to subsidiaries	(560		)	(27		)	(431		)
Returns of capital from subsidiaries	—			1			—
Purchases of investments, property and equipment	(1		)	(10		)	(1		)
Proceeds from maturities and redemptions of investments	1			—			—
Proceeds from sales of investments, property and equipment	—			3			—
Net cash used in investing activities	(560		)	(33		)	(432		)
Financing Activities:
Additional long-term borrowings	296			145			145
Reductions of long-term debt	—			(132		)	—
Issuances of Common Stock	35			57			42
Repurchases of Common Stock	(133		)	(126		)	(191		)
Cash dividends paid on Common Stock	(185		)	(176		)	(167		)
Net cash provided by (used in) financing activities	13			(232		)	(171		)
Net Change in Cash and Cash Equivalents	8			(103		)	(231		)
Cash and cash equivalents at beginning of year	189			292			523
Cash and cash equivalents at end of year	$	197		$	189		$	292