XML 45 R28.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Segments of Operations (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Segment Reporting [Abstract] |
Segment Reporting Information, by Segment | The following tables (in millions) show AFG’s assets, revenues and earnings before income taxes by segment and sub-segment.
| 2017 |  | 2016 |  | 2015
Assets |  |  |  |  |
Property and casualty insurance (a) | $ | 17,171 |  |  | $ | 15,574 |  |  | $ | 14,689 |
Annuity | 37,179 |  |  | 33,409 |  |  | 29,865 |
Run-off long-term care and life | 730 |  |  | 752 |  |  | 772 |
Other | 5,578 |  |  | 5,337 |  |  | 4,511 |
Total assets | $ | 60,658 |  |  | $ | 55,072 |  |  | $ | 49,837 |
Revenues |  |  |  |  |
Property and casualty insurance: |  |  |  |  |
Premiums earned: |  |  |  |  |
Specialty |  |  |  |  |
Property and transportation | $ | 1,711 |  |  | $ | 1,662 |  |  | $ | 1,599 |
Specialty casualty | 2,186 |  |  | 2,006 |  |  | 2,011 |
Specialty financial | 576 |  |  | 557 |  |  | 517 |
Other specialty | 106 |  |  | 103 |  |  | 97 |
Total premiums earned | 4,579 |  |  | 4,328 |  |  | 4,224 |
Net investment income | 362 |  |  | 350 |  |  | 319 |
Other income (b) | 28 |  |  | 51 |  |  | 78 |
Total property and casualty insurance | 4,969 |  |  | 4,729 |  |  | 4,621 |
Annuity: |  |  |  |  |
Net investment income | 1,458 |  |  | 1,356 |  |  | 1,224 |
Other income | 103 |  |  | 103 |  |  | 98 |
Total annuity | 1,561 |  |  | 1,459 |  |  | 1,322 |
Run-off long-term care and life (c) | 47 |  |  | 49 |  |  | 188 |
Other | 283 |  |  | 240 |  |  | 194 |
Total revenues before realized gains (losses) | 6,860 |  |  | 6,477 |  |  | 6,325 |
Realized gains (losses) on securities | 5 |  |  | 19 |  |  | (19 | )
Realized gains (losses) on subsidiaries | — |  |  | 2 |  |  | (161 | )
Total revenues | $ | 6,865 |  |  | $ | 6,498 |  |  | $ | 6,145 |
(a) | Not allocable to sub-segments.
(b) | Includes income of $32 million (before noncontrolling interest) from the sale of an apartment property in 2016 and $66 million (before noncontrolling interest) from the sales of a hotel and an apartment property in 2015.
(c) | AFG sold substantially all of its run-off long-term care insurance business in December 2015.
| 2017 |  | 2016 |  | 2015
Earnings Before Income Taxes |  |  |  |  |
Property and casualty insurance: |  |  |  |  |
Underwriting: |  |  |  |  |
Specialty |  |  |  |  |
Property and transportation | $ | 154 |  |  | $ | 166 |  |  | $ | 48 |
Specialty casualty | 104 |  |  | 78 |  |  | 146 |
Specialty financial | 61 |  |  | 84 |  |  | 87 |
Other specialty | (2 | ) |  | 9 |  |  | 14 |
Other lines (a) | (75 | ) |  | (101 | ) |  | (70 | )
Total underwriting | 242 |  |  | 236 |  |  | 225 |
Investment and other income, net (b) | 349 |  |  | 341 |  |  | 351 |
Total property and casualty insurance | 591 |  |  | 577 |  |  | 576 |
Annuity | 380 |  |  | 368 |  |  | 331 |
Run-off long-term care and life (c) | 6 |  |  | 2 |  |  | 14 |
Other (d) | (258 | ) |  | (181 | ) |  | (176 | )
Total earnings before realized gains (losses) and income taxes | 719 |  |  | 766 |  |  | 745 |
Realized gains (losses) on securities | 5 |  |  | 19 |  |  | (19 | )
Realized gains (losses) on subsidiaries | — |  |  | 2 |  |  | (161 | )
Total earnings before income taxes | $ | 724 |  |  | $ | 787 |  |  | $ | 565 |
(a) | Includes special charges to increase asbestos and environmental (“A&E”) reserves of $89 million, $36 million and $67 million in 2017, 2016 and 2015, respectively. Also includes $18 million in favorable development related to the Neon exited lines recorded in connection with a reinsurance to close transaction in 2017 and a charge of $65 million related to Neon exited lines in 2016.
(b) | Includes income of $32 million (before noncontrolling interest) from the sale of an apartment property in 2016 and $66 million (before noncontrolling interest) from the sales of a hotel and an apartment property in 2015.
(c) | AFG sold substantially all of its run-off long-term care insurance business in December 2015.
(d) | Primarily holding company interest and expenses, including losses on retirement of debt of $51 million in 2017 and $4 million in 2015, and special charges to increase A&E reserves related to AFG’s former railroad and manufacturing operations ($24 million in 2017, $5 million in 2016 and $12 million in 2015).

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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