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Segments of Operations - Earnings before income taxes by segment and sub-segment (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015
Segment Reporting Information [Line Items] |  |  |  |  |
Earnings before realized gains (losses) and income taxes |  | $ 176 | $ 110 | $ 500 | $ 510
Realized gains (losses) on securities |  | 2 | (16) | (32) | 2
Realized gains (losses) on subsidiaries |  | 0 | 5 | 2 | (157)
Earnings before income taxes |  | 178 | 99 | 470 | 355
Property and Casualty Insurance |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Property and casualty insurance underwriting |  | 42 | 15 | 126 | 125
Investment and other income, net | [1] | 79 | 75 | 269 | 272
Earnings before realized gains (losses) and income taxes |  | 121 | 90 | 395 | 397
Annuity |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Earnings before realized gains (losses) and income taxes |  | 107 | 67 | 236 | 230
Run-off Long-term Care and Life |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Earnings before realized gains (losses) and income taxes | [2] | 1 | 6 | 0 | 14
Other |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Earnings before realized gains (losses) and income taxes | [3] | (53) | (53) | (131) | (131)
Specialty Property and transportation | Property and Casualty Insurance |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Property and casualty insurance underwriting |  | 44 | 20 | 91 | 14
Specialty casualty | Property and Casualty Insurance |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Property and casualty insurance underwriting |  | 13 | 31 | 65 | 96
Specialty financial | Property and Casualty Insurance |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Property and casualty insurance underwriting |  | 19 | 26 | 64 | 72
Other specialty | Property and Casualty Insurance |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Property and casualty insurance underwriting |  | 2 | 7 | 7 | 13
Other Lines | Property and Casualty Insurance |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Property and casualty insurance underwriting | [4] | $ (36) | $ (69) | $ (101) | $ (70)
[1] | Includes pretax income of $32 million (before noncontrolling interest) from the sale of an apartment property in the second quarter of 2016 and $51 million (before noncontrolling interest) from the sale of the Le Pavillon Hotel in the second quarter of 2015.
[2] | AFG sold substantially all of its run-off long-term care insurance business in December 2015.
[3] | Includes holding company interest and expenses, including a $4 million loss on retirement of debt in the third quarter of 2015, and special charges of $5 million and $12 million in the third quarter of 2016 and 2015, respectively, to increase A&E reserves related to AFG’s former railroad and manufacturing operations.
[4] | Includes a special charge of $65 million related to the exit of certain lines of business within AFG’s Lloyd’s-based insurer, Neon, in the second quarter of 2016 and special charges of $36 million and $67 million in the third quarter of 2016 and 2015, respectively, to increase asbestos and environmental (“A&E”) reserves.

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