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Income Taxes - Reconciliation of income taxes at the statutory rate to the provision for income taxes (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Effective Income Tax Rate Reconciliation, Amount [Abstract]        
Earnings before income taxes (“EBT”) $ 205 $ 136 $ 428 $ 292
Income taxes at statutory rate 72 47 150 102
Effect of stock-based compensation (7) 0 (13) 0
Effect of tax exempt interest (6) (6) (12) (13)
Effect of dividends received deduction (2) (2) (4) (4)
Effect of employee stock ownership plan dividends paid deduction (2) 0 (2) (1)
Effect of change in valuation allowance 2 32 0 33
Effect of subsidiaries not in AFG's tax return 0 1 0 2
Effect of other income tax reconciliation 3 1 9 6
Provision for income taxes as shown on the Statement of Earnings $ 60 $ 73 $ 128 $ 125
Effective Income Tax Rate Reconciliation, Percent [Abstract]        
Income taxes at statutory rate as a percentage of EBT 35.00% 35.00% 35.00% 35.00%
Effect of stock-based compensation as a percentage of EBT (3.00%) 0.00% (3.00%) 0.00%
Effect of tax exempt interest as a percentage of EBT (3.00%) (4.00%) (3.00%) (4.00%)
Effect of dividends received deduction as a percentage of EBT (1.00%) (1.00%) (1.00%) (1.00%)
Effect of employee stock ownership plan dividends paid deduction as a percentage of EBT (1.00%) (0.00%) (0.00%) (0.00%)
Effect of change in valuation allowance as a percentage of EBT 1.00% 24.00% 0.00% 11.00%
Effect of subsidiaries not in AFG's tax return as a percentage of EBT 0.00% 1.00% 0.00% 1.00%
Effect of other income tax reconciliation as a percentage of EBT 1.00% (1.00%) 2.00% 1.00%
Provision for income taxes as shown on the Statement of Earnings as a percentage of EBT 29.00% 54.00% 30.00% 43.00%