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Subsequent Event | 9 Months Ended
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Sep. 30, 2017
Subsequent Events [Abstract] |
Subsequent Event | Subsequent Event Wildfires struck northern California’s wine region in October 2017, which will result in fourth quarter 2017 catastrophe losses in AFG’s property and casualty insurance segment. Based on information available as of the filing of this Form 10-Q, management estimates a pretax loss from these events, net of reinsurance and inclusive of reinstatement premiums and other associated offsets, in the range of $20 million to $25 million. At the midpoint of that range, AFG’s earnings per share would be negatively impacted by approximately $0.18.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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