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v3.19.2

Segments of Operations (Tables) | 6 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
Segment Reporting Information, by Segment | The following tables (in millions) show AFG’s revenues and earnings before income taxes by segment and sub-segment.
| Three months ended June 30, |  | Six months ended June 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Revenues |  |  |  |  |  |  |
Property and casualty insurance: |  |  |  |  |  |  |
Premiums earned: |  |  |  |  |  |  |
Specialty |  |  |  |  |  |  |
Property and transportation | $ | 379 |  |  | $ | 374 |  |  | $ | 740 |  |  | $ | 724 |
Specialty casualty | 634 |  |  | 595 |  |  | 1,263 |  |  | 1,174 |
Specialty financial | 151 |  |  | 159 |  |  | 297 |  |  | 308 |
Other specialty | 36 |  |  | 33 |  |  | 73 |  |  | 62 |
Total premiums earned | 1,200 |  |  | 1,161 |  |  | 2,373 |  |  | 2,268 |
Net investment income | 124 |  |  | 115 |  |  | 228 |  |  | 215 |
Other income | 2 |  |  | 2 |  |  | 5 |  |  | 4 |
Total property and casualty insurance | 1,326 |  |  | 1,278 |  |  | 2,606 |  |  | 2,487 |
Annuity: |  |  |  |  |  |  |
Net investment income | 451 |  |  | 412 |  |  | 886 |  |  | 806 |
Other income | 27 |  |  | 27 |  |  | 54 |  |  | 53 |
Total annuity | 478 |  |  | 439 |  |  | 940 |  |  | 859 |
Other | 100 |  |  | 85 |  |  | 198 |  |  | 168 |
Total revenues before realized gains (losses) | 1,904 |  |  | 1,802 |  |  | 3,744 |  |  | 3,514 |
Realized gains (losses) on securities | 56 |  |  | 31 |  |  | 240 |  |  | (62 | )
Total revenues | $ | 1,960 |  |  | $ | 1,833 |  |  | $ | 3,984 |  |  | $ | 3,452 |
Earnings Before Income Taxes |  |  |  |  |  |  |
Property and casualty insurance: |  |  |  |  |  |  |
Underwriting: |  |  |  |  |  |  |
Specialty |  |  |  |  |  |  |
Property and transportation | $ | 4 |  |  | $ | 23 |  |  | $ | 43 |  |  | $ | 56 |
Specialty casualty | 47 |  |  | 29 |  |  | 83 |  |  | 70 |
Specialty financial | 21 |  |  | 22 |  |  | 34 |  |  | 37 |
Other specialty | (12 | ) |  | (1 | ) |  | (12 | ) |  | 2 |
Other lines | (1 | ) |  | (1 | ) |  | (2 | ) |  | (2 | )
Total underwriting | 59 |  |  | 72 |  |  | 146 |  |  | 163 |
Investment and other income, net | 115 |  |  | 106 |  |  | 210 |  |  | 199 |
Total property and casualty insurance | 174 |  |  | 178 |  |  | 356 |  |  | 362 |
Annuity | 71 |  |  | 99 |  |  | 161 |  |  | 224 |
Other (*) | (42 | ) |  | (48 | ) |  | (85 | ) |  | (90 | )
Total earnings before realized gains (losses) and income taxes | 203 |  |  | 229 |  |  | 432 |  |  | 496 |
Realized gains (losses) on securities | 56 |  |  | 31 |  |  | 240 |  |  | (62 | )
Total earnings before income taxes | $ | 259 |  |  | $ | 260 |  |  | $ | 672 |  |  | $ | 434 |
(*) Includes holding company interest and expenses.

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