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Acquisitions and Sale of Businesses (Details) - USD ($) $ in Millions |  | 6 Months Ended |
--- | --- | --- | ---
Apr. 01, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014
Business Acquisition [Line Items] |  |  |  |  |
Total purchase price |  |  | $ 0 | $ 267 |
Allocation of excess purchase price: |  |  |  |  |
Goodwill |  |  | $ 201 |  | $ 201
Summit Holding Southeast, Inc [Member] |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |
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 | [1] | 67 |  |  |
Other receivables |  | 21 |  |  |
Other assets |  | 11 |  |  |
Total tangible assets acquired |  | 1,426 |  |  |
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 |  | 212 |  |  |
Excess purchase price over net tangible assets acquired |  | 47 |  |  |
Allocation of excess purchase price: |  |  |  |  |
Intangible assets acquired | [2] | 47 |  |  |
Deferred tax on intangible assets acquired | [1] | (16) |  |  |
Goodwill |  | $ 16 |  |  |
[1] | Included with AFG’s net deferred tax liabilities, which are included in Other liabilities in AFG’s Consolidated Balance Sheet.
[2] | Included in Other assets in AFG’s Consolidated Balance Sheet.

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- Definition The amount needed to reflect the estimated ultimate cost of settling claims relating to casualty insurance insured events that have occurred on or before a particular date (ordinarily, the balance sheet date) and the amount needed to provide for the estimated ultimate cost required to investigate and settle claims relating to insured events that have occurred on or before a particular date (ordinarily, the balance sheet date), whether or not reported to the insurer at that date, assumed at the acquisition date. + References No definition available. + Details
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- Definition Amount after valuation allowance recoverable including premium paid under reinsurance contracts, acquired at the acquisition date. Examples include, but are not limited to, settled and unsettled claims, incurred but not reported losses, loss adjustment expense, premium paid, policy benefits and policy reserves. + References No definition available. + Details
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472 + Details
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- Definition Amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472 + Details
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- Definition Amount of deferred tax asset attributable to deductible temporary differences and carryforwards that are expected to be realized or consumed after one year or the normal operating cycle, if longer, acquired at the acquisition date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472 + Details
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- Definition Amount of intangible assets, excluding goodwill, acquired at the acquisition date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472 + Details
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- Definition Amount of liabilities assumed at the acquisition date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472 + Details
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