XML 44 R31.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Income Taxes (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2018
Income Tax Disclosure [Abstract] |
Reconciliation of income taxes at the statutory rate and income taxes shown in the Statement of Earnings | The following is a reconciliation of income taxes at the statutory rate (21% in 2018 and 35% in 2017) to the provision for income taxes as shown in AFG’s Statement of Earnings (dollars in millions):
| Three months ended March 31,
| 2018 |  | 2017
| Amount |  | % of EBT |  | Amount |  | % of EBT
Earnings before income taxes (“EBT”) | $ | 174 |  |  |  |  | $ | 223 |  |  |
Income taxes at statutory rate | $ | 37 |  |  | 21 | % |  | $ | 78 |  |  | 35 | %
Effect of: |  |  |  |  |  |  |
Stock-based compensation | (5 | ) |  | (3 | %) |  | (6 | ) |  | (3 | %)
Tax exempt interest | (3 | ) |  | (2 | %) |  | (6 | ) |  | (3 | %)
Dividends received deduction | (1 | ) |  | — | % |  | (2 | ) |  | (1 | %)
Foreign operations | 3 |  |  | 2 | % |  | 6 |  |  | 3 | %
Nondeductible expenses | 2 |  |  | 1 | % |  | 2 |  |  | 1 | %
Change in valuation allowance | — |  |  | — | % |  | (2 | ) |  | (1 | %)
Other | — |  |  | — | % |  | (2 | ) |  | (1 | %)
Provision for income taxes as shown in the statement of earnings | $ | 33 |  |  | 19 | % |  | $ | 68 |  |  | 30 | %

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

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying 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=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration