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Income Taxes (Details) (USD $) In Millions, unless otherwise specified | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013
Reconciliation of income taxes at the statutory rate to the provision for income taxes shown in the Statement of Earnings |  |  |  |
Earnings before income taxes (“EBT”) | $ 130 | $ 126 | $ 291 | $ 301
Income taxes at statutory rate | 46 | 44 | 102 | 105
Income taxes at statutory rate as a percentage of EBT | 35.00% | 35.00% | 35.00% | 35.00%
Effect of tax exempt interest | (7) | (6) | (12) | (11)
Effect of tax exempt interest as a percentage of EBT | (5.00%) | (5.00%) | (4.00%) | (4.00%)
Effect of losses of managed investment entities | 6 | 11 | 6 | 15
Effect of losses of managed investment entities as a percentage of EBT | 5.00% | 9.00% | 2.00% | 5.00%
Effect of subsidiaries not in AFG's tax return | (2) | (1) | (1) | 0
Effect of subsidiaries not in AFG's tax return as a percentage of EBT | (2.00%) | (1.00%) | 0.00% | 0.00%
Effect of other income tax reconciliation | 4 | 1 | 6 | 2
Effect of other income tax reconciliation as a percentage of EBT | 3.00% | 1.00% | 2.00% | 1.00%
Provision for income taxes as shown on the Statement of Earnings | $ 47 | $ 49 | $ 101 | $ 111
Provision for income taxes as shown on the Statement of Earnings as a percentage of EBT | 36.00% | 39.00% | 35.00% | 37.00%

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- Definition The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to nondeductible losses of managed investment entities. + References No definition available. + Details
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- Definition The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to the less than 80%-owned subsidiaries not included in AFG's consolidated tax return. + References No definition available. + Details
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- Definition The portion of the difference, between total income tax expense or benefit as reported in the Income Statement for the year/accounting period and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from continuing operations that is attributable to nondeductible losses of managed investment entities. + References No definition available. + Details
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- Definition The portion of the difference between total income tax expense or benefit as reported in the Income Statement for the period and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from continuing operations attributable to tax on the equity in earnings (losses) of less than 80%-owned subsidiaries not included in AFG's consolidated tax return. + References No definition available. + Details
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- Definition The amount of income tax expense or benefit for the period computed by applying the domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32698-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Subparagraph 2 -Article 4 + Details
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