XML 39 R26.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Derivatives (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivatives included in Balance Sheet at fair value | The following derivatives that do not qualify for hedge accounting under GAAP are included in AFG’s Balance Sheet at fair value (in millions):
|  |  |  | September 30, 2016 |  | December 31, 2015
Derivative |  | Balance Sheet Line |  | Asset |  | Liability |  | Asset |  | Liability
MBS with embedded derivatives |  | Fixed maturities |  | $ | 120 |  |  | $ | — |  |  | $ | 130 |  |  | $ | — |
Public company warrants |  | Equity securities |  | 3 |  |  | — |  |  | 4 |  |  | — |
Fixed-indexed annuities (embedded derivative) |  | Annuity benefits accumulated |  | — |  |  | 1,688 |  |  | — |  |  | 1,369 |
Equity index call options |  | Other investments |  | 447 |  |  | — |  |  | 241 |  |  | — |
Reinsurance contracts (embedded derivative) |  | Other liabilities |  | — |  |  | 13 |  |  | — |  |  | 7 |
|  |  |  | $ | 570 |  |  | $ | 1,701 |  |  | $ | 375 |  |  | $ | 1,376 |
Summary of gain (loss) included in the Statement of Earnings for changes in the fair value of derivatives | The following table summarizes the gain (loss) included in AFG’s Statement of Earnings for changes in the fair value of derivatives that do not qualify for hedge accounting for the third quarter and first nine months of 2016 and 2015 (in millions):
|  |  |  | Three months ended September 30, |  | Nine months ended September 30,
Derivative |  | Statement of Earnings Line |  | 2016 |  | 2015 |  | 2016 |  | 2015
MBS with embedded derivatives |  | Realized gains on securities |  | $ | (4 | ) |  | $ | (4 | ) |  | $ | — |  |  | $ | (7 | )
Public company warrants |  | Realized gains on securities |  | 1 |  |  | — |  |  | — |  |  | — |
Fixed-indexed annuities (embedded derivative) |  | Annuity benefits |  | (109 | ) |  | 130 |  |  | (188 | ) |  | 99 |
Equity index call options |  | Annuity benefits |  | 105 |  |  | (167 | ) |  | 81 |  |  | (144 | )
Reinsurance contracts (embedded derivative) |  | Net investment income |  | — |  |  | 1 |  |  | (6 | ) |  | 4 |
|  |  |  | $ | (7 | ) |  | $ | (40 | ) |  | $ | (113 | ) |  | $ | (48 | )

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration