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Shareholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2020
Stockholders' Equity Note [Abstract] |
Components of accumulated other comprehensive income (loss) | The progression of the components of accumulated other comprehensive income follows (in millions):
|  |  | Other Comprehensive Income (Loss) |  |  |  |  |  |  |  |  |  |  |  |
| AOCI Beginning Balance |  | Pretax |  | Tax |  | Net of tax |  | Attributable to noncontrolling interests |  | Attributable to shareholders |  |  |  | AOCI Ending Balance
Quarter ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains on securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains on securities arising during the period |  |  | $ | 1,293 |  |  | $ | (272) |  |  | $ | 1,021 |  |  | $ | — |  |  | $ | 1,021 |  |  |  |  |
Reclassification adjustment for realized (gains) losses included in net earnings (*) |  |  | (9) |  |  | 2 |  |  | (7) |  |  | — |  |  | (7) |  |  |  |  |
Total net unrealized gains (losses) on securities | $ | 16 |  |  | 1,284 |  |  | (270) |  |  | 1,014 |  |  | — |  |  | 1,014 |  |  |  |  | $ | 1,030 |
Net unrealized gains on cash flow hedges | 44 |  |  | 4 |  |  | (1) |  |  | 3 |  |  | — |  |  | 3 |  |  |  |  | 47 |
Foreign currency translation adjustments | (21) |  |  | 4 |  |  | — |  |  | 4 |  |  | — |  |  | 4 |  |  |  |  | (17) |
Pension and other postretirement plans adjustments | (7) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | (7) |
Total | $ | 32 |  |  | $ | 1,292 |  |  | $ | (271) |  |  | $ | 1,021 |  |  | $ | — |  |  | $ | 1,021 |  |  |  |  | $ | 1,053 |
Quarter ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains on securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains on securities arising during the period |  |  | $ | 450 |  |  | $ | (94) |  |  | $ | 356 |  |  | $ | — |  |  | $ | 356 |  |  |  |  |
Reclassification adjustment for realized (gains) losses included in net earnings (*) |  |  | (10) |  |  | 2 |  |  | (8) |  |  | — |  |  | (8) |  |  |  |  |
Total net unrealized gains on securities | $ | 464 |  |  | 440 |  |  | (92) |  |  | 348 |  |  | — |  |  | 348 |  |  |  |  | $ | 812 |
Net unrealized gains on cash flow hedges | — |  |  | 23 |  |  | (5) |  |  | 18 |  |  | — |  |  | 18 |  |  |  |  | 18 |
Foreign currency translation adjustments | (12) |  |  | (1) |  |  | 1 |  |  | — |  |  | (1) |  |  | (1) |  |  |  |  | (13) |
Pension and other postretirement plans adjustments | (8) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | (8) |
Total | $ | 444 |  |  | $ | 462 |  |  | $ | (96) |  |  | $ | 366 |  |  | $ | (1) |  |  | $ | 365 |  |  |  |  | $ | 809 |
Six months ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains on securities arising during the period |  |  | $ | 198 |  |  | $ | (42) |  |  | $ | 156 |  |  | $ | — |  |  | $ | 156 |  |  |  |  |
Reclassification adjustment for realized (gains) losses included in net earnings (*) |  |  | 15 |  |  | (3) |  |  | 12 |  |  | — |  |  | 12 |  |  |  |  |
Total net unrealized gains (losses) on securities | $ | 862 |  |  | 213 |  |  | (45) |  |  | 168 |  |  | — |  |  | 168 |  |  |  |  | $ | 1,030 |
Net unrealized gains on cash flow hedges | 17 |  |  | 38 |  |  | (8) |  |  | 30 |  |  | — |  |  | 30 |  |  |  |  | 47 |
Foreign currency translation adjustments | (9) |  |  | (6) |  |  | — |  |  | (6) |  |  | (2) |  |  | (8) |  |  |  |  | (17) |
Pension and other postretirement plans adjustments | (7) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | (7) |
Total | $ | 863 |  |  | $ | 245 |  |  | $ | (53) |  |  | $ | 192 |  |  | $ | (2) |  |  | $ | 190 |  |  |  |  | $ | 1,053 |
Six months ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains on securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains on securities arising during the period |  |  | $ | 937 |  |  | $ | (197) |  |  | $ | 740 |  |  | $ | — |  |  | $ | 740 |  |  |  |  |
Reclassification adjustment for realized (gains) losses included in net earnings (*) |  |  | (14) |  |  | 3 |  |  | (11) |  |  | — |  |  | (11) |  |  |  |  |
Total net unrealized gains on securities | $ | 83 |  |  | 923 |  |  | (194) |  |  | 729 |  |  | — |  |  | 729 |  |  |  |  | $ | 812 |
Net unrealized gains (losses) on cash flow hedges | (11) |  |  | 37 |  |  | (8) |  |  | 29 |  |  | — |  |  | 29 |  |  |  |  | 18 |
Foreign currency translation adjustments | (16) |  |  | 3 |  |  | 1 |  |  | 4 |  |  | (1) |  |  | 3 |  |  |  |  | (13) |
Pension and other postretirement plans adjustments | (8) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | (8) |
Total | $ | 48 |  |  | $ | 963 |  |  | $ | (201) |  |  | $ | 762 |  |  | $ | (1) |  |  | $ | 761 |  |  |  |  | $ | 809 |
(*)The reclassification adjustment out of net unrealized gains (losses) on securities affected the following lines in AFG’s Statement of Earnings:
| OCI component |  | Affected line in the statement of earnings |
| Pretax |  | Realized gains (losses) on securities |
| Tax |  | Provision (credit) for income taxes |

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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
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- References No definition available. + Details
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