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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2014
Business Combinations [Abstract] |
Schedule of estimated fair values of assets acquired and liabilities assumed | The allocation of the purchase price is shown in the table below (in millions):
Total purchase price |  |  |  | $ | 259 |
Tangible assets acquired: |  |  |
Cash and cash equivalents | $ | 1,078 |  |  |
Fixed maturities, available for sale | 92 |  |  |
Recoverables from reinsurers | 116 |  |  |
Agents’ balances and premiums receivable | 41 |  |  |
Deferred tax assets, net (a) | 67 |  |  |
Other receivables | 23 |  |  |
Other assets | 11 |  |  |
Total tangible assets acquired |  |  |  | 1,428 |
Liabilities acquired: |  |  |
Unpaid losses and loss adjustment expenses | 1,142 |  |  |
Unearned premiums | 3 |  |  |
Payable to reinsurers | 3 |  |  |
Other liabilities | 66 |  |  |
Total liabilities acquired |  |  |  | 1,214 |
Net tangible assets acquired, at fair value |  |  | 214 |
Excess purchase price over net tangible assets acquired |  |  | $ | 45 |
Allocation of excess purchase price: |  |  |
Intangible assets acquired (b) |  |  | $ | 45 |
Deferred tax on intangible assets acquired (a) |  |  | (15 | )
Goodwill |  |  | 15 |
|  |  | $ | 45 |
(a) | Included with AFG’s net deferred tax liabilities, which are included in Other liabilities in AFG’s Consolidated Balance Sheet.
(b) | Included in Other assets in AFG’s Consolidated Balance Sheet.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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