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Shareholders' Equity (Tables) | 3 Months Ended
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Mar. 31, 2021
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
Three months ended March 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding losses on securities arising during the period |  |  | $ | (355) |  |  | $ | 74 |  |  | $ | (281) |  |  | $ | — |  |  | $ | (281) |  |  |  |  |
Reclassification adjustment for realized (gains) losses included in net earnings (*) |  |  | (14) |  |  | 3 |  |  | (11) |  |  | — |  |  | (11) |  |  |  |  |
Total net unrealized gains (losses) on securities | $ | 1,255 |  |  | (369) |  |  | 77 |  |  | (292) |  |  | — |  |  | (292) |  |  |  |  | $ | 963 |
Net unrealized gains (losses) on cash flow hedges | 41 |  |  | (17) |  |  | 3 |  |  | (14) |  |  | — |  |  | (14) |  |  |  |  | 27 |
Foreign currency translation adjustments | (16) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | (16) |
Pension and other postretirement plans adjustments | (7) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | (7) |
Total | $ | 1,273 |  |  | $ | (386) |  |  | $ | 80 |  |  | $ | (306) |  |  | $ | — |  |  | $ | (306) |  |  |  |  | $ | 967 |
Three months ended March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding losses on securities arising during the period |  |  | $ | (1,095) |  |  | $ | 230 |  |  | $ | (865) |  |  | $ | — |  |  | $ | (865) |  |  |  |  |
Reclassification adjustment for realized (gains) losses included in net earnings (*) |  |  | 24 |  |  | (5) |  |  | 19 |  |  | — |  |  | 19 |  |  |  |  |
Total net unrealized gains (losses) on securities | $ | 862 |  |  | (1,071) |  |  | 225 |  |  | (846) |  |  | — |  |  | (846) |  |  |  |  | $ | 16 |
Net unrealized gains on cash flow hedges | 17 |  |  | 34 |  |  | (7) |  |  | 27 |  |  | — |  |  | 27 |  |  |  |  | 44 |
Foreign currency translation adjustments | (9) |  |  | (10) |  |  | — |  |  | (10) |  |  | (2) |  |  | (12) |  |  |  |  | (21) |
Pension and other postretirement plans adjustments | (7) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | (7) |
Total | $ | 863 |  |  | $ | (1,047) |  |  | $ | 218 |  |  | $ | (829) |  |  | $ | (2) |  |  | $ | (831) |  |  |  |  | $ | 32 |
(*)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 - continuing operations |  | Realized gains (losses) on securities |
| Pretax - discontinued operations |  | Net earnings (loss) from discontinued operations |
| Tax - continuing operations |  | Provision (credit) for income taxes |
| Tax - discontinued operations |  | Net earnings (loss) from discontinued operations |

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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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