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Fair Value Measurements - Narrative (Details) $ in Millions | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2017 USD ($) stock | Jun. 30, 2016 USD ($) stock | Jun. 30, 2017 USD ($) stock professional | Jun. 30, 2016 USD ($) stock | Dec. 31, 2016 USD ($)
Fair Value Measurements (Textual) [Abstract] |  |  |  |  |
AFG's internal investment professionals | professional |  |  | 25 |  |
Level 3 assets as a percentage of total assets measured at fair value |  |  | 4.00% |  |
Percentage of level 3 assets that were priced using non-binding broker quotes |  |  | 76.00% |  |
Level 3 assets that were priced using non-binding broker quotes |  |  | $ 1,510 |  |
Life contingent annuities | $ 203 |  | $ 203 |  | $ 204
Maximum |  |  |  |  |
Fair Value Measurements (Textual) [Abstract] |  |  |  |  |
Percentage of internally developed Level 3 asset fair values to Shareholders' equity (are less than) |  |  | 10.00% |  |
Fixed-indexed annuties (embedded derivative), majority of future years | Minimum |  |  |  |  |
Fair Value Measurements (Textual) [Abstract] |  |  |  |  |
Unobservable input surrenders used in Level 3 fair value determination |  |  | 6.00% |  |
Fixed-indexed annuties (embedded derivative), majority of future years | Maximum |  |  |  |  |
Fair Value Measurements (Textual) [Abstract] |  |  |  |  |
Unobservable input surrenders used in Level 3 fair value determination |  |  | 10.00% |  |
Fixed-indexed annuities (embedded derivative) |  |  |  |  |
Fair Value Measurements (Textual) [Abstract] |  |  |  |  |
Fair value of derivatives in annuity benefits accumulated measured using a discounted cash flow approach | $ 2,130 |  | $ 2,130 |  |
Fixed-indexed annuities (embedded derivative) | Minimum |  |  |  |  |
Fair Value Measurements (Textual) [Abstract] |  |  |  |  |
Unobservable input surrenders used in Level 3 fair value determination |  |  | 3.00% |  |
Fixed-indexed annuities (embedded derivative) | Maximum |  |  |  |  |
Fair Value Measurements (Textual) [Abstract] |  |  |  |  |
Unobservable input surrenders used in Level 3 fair value determination |  |  | 22.00% |  |
Perpetual preferred stocks |  |  |  |  |
Fair Value Measurements (Textual) [Abstract] |  |  |  |  |
Number of stocks transferred from Level 2 to Level 1 | stock | 2 | 5 | 2 | 6 |
Fair value of assets transferred from Level 2 to Level 1, during the second quarter | $ 16 | $ 27 |  |  |
Fair value of assets transferred from Level 2 to Level 1, during the first six months | $ 16 | $ 35 | $ 16 | $ 35 |
Number of stocks transferred from Level 1 to Level 2 | stock |  | 2 |  | 5 |
Fair value of assets transferred from Level 1 to Level 2, during the second quarter |  | $ 6 |  |  |
Fair value of assets transferred from Level 1 to Level 2, during the first six months |  | $ 12 |  | $ 12 |

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