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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 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Effective Income Tax Rate Reconciliation, Amount [Abstract]        
Earnings before income taxes (“EBT”) $ 29 $ 178 $ 457 $ 470
Income taxes at statutory rate 10 63 160 165
Effect of stock-based compensation (1) 0 (14) 0
Effect of tax exempt interest (5) (5) (17) (18)
Effect of dividends received deduction (2) (1) (6) (5)
Effect of employee stock ownership plan dividends paid deduction 0 0 (2) (1)
Effect of change in valuation allowance 16 7 16 40
Effect of subsidiaries not in AFG's tax return 0 2 0 4
Effect of other income tax reconciliation 0 (1) 9 5
Provision for income taxes as shown on the Statement of Earnings $ 18 $ 65 $ 146 $ 190
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 (17.00%) (3.00%) (4.00%) (4.00%)
Effect of dividends received deduction as a percentage of EBT (7.00%) (1.00%) (1.00%) (1.00%)
Effect of employee stock ownership plan dividends paid deduction as a percentage of EBT (0.00%) (0.00%) (0.00%) (0.00%)
Effect of change in valuation allowance as a percentage of EBT 55.00% 4.00% 4.00% 9.00%
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% 1.00% 0.00%
Provision for income taxes as shown on the Statement of Earnings as a percentage of EBT 62.00% 37.00% 32.00% 40.00%