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Shareholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 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 |  | Other |  | AOCI Ending Balance
Quarter ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding losses on securities arising during the period |  |  | $ | (37) |  |  | $ | 8 |  |  | $ | (29) |  |  | $ | — |  |  | $ | (29) |  |  |  |  |
Reclassification adjustment for realized (gains) losses included in net earnings (*) |  |  | 2 |  |  | — |  |  | 2 |  |  | — |  |  | 2 |  |  |  |  |
Total net unrealized gains (losses) on securities | $ | 205 |  |  | (35) |  |  | 8 |  |  | (27) |  |  | — |  |  | (27) |  |  | $ | — |  |  | $ | 178 |
Foreign currency translation adjustments | (16) |  |  | (3) |  |  | — |  |  | (3) |  |  | — |  |  | (3) |  |  | — |  |  | (19) |
Pension and other postretirement plans adjustments (“OPRP”) | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |
Total | $ | 190 |  |  | $ | (38) |  |  | $ | 8 |  |  | $ | (30) |  |  | $ | — |  |  | $ | (30) |  |  | $ | — |  |  | $ | 160 |
Quarter ended September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains on securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains on securities arising during the period |  |  | $ | 245 |  |  | $ | (51) |  |  | $ | 194 |  |  | $ | — |  |  | $ | 194 |  |  |  |  |
Reclassification adjustment for realized (gains) losses included in net earnings (*) |  |  | (15) |  |  | 3 |  |  | (12) |  |  | — |  |  | (12) |  |  |  |  |
Total net unrealized gains on securities | $ | 1,030 |  |  | 230 |  |  | (48) |  |  | 182 |  |  | — |  |  | 182 |  |  | $ | — |  |  | $ | 1,212 |
Net unrealized gains (losses) on cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains on cash flow hedges arising during the period |  |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | 1 |  |  |  |  |
Reclassification adjustment for investment income included in net earnings from discontinued operations |  |  | (8) |  |  | 1 |  |  | (7) |  |  | — |  |  | (7) |  |  |  |  |
Total net unrealized gains (losses) on cash flow hedges | 47 |  |  | (7) |  |  | 1 |  |  | (6) |  |  | — |  |  | (6) |  |  | — |  |  | 41 |
Foreign currency translation adjustments | (17) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4 |  |  | (13) |
Pension and other postretirement plans adjustments | (7) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (7) |
Total | $ | 1,053 |  |  | $ | 223 |  |  | $ | (47) |  |  | $ | 176 |  |  | $ | — |  |  | $ | 176 |  |  | $ | 4 |  |  | $ | 1,233 |
|  |  | Other Comprehensive Income (Loss) |  |  |  |
| AOCI Beginning Balance |  | Pretax |  | Tax |  | Net of tax |  | Attributable to noncontrolling interests |  | Attributable to shareholders |  | Other |  | AOCI Ending Balance
Nine months ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding losses on securities arising during the period |  |  | $ | (224) |  |  | $ | 47 |  |  | $ | (177) |  |  | $ | — |  |  | $ | (177) |  |  |  |  |
Reclassification adjustment for realized (gains) losses included in net earnings (*) |  |  | (21) |  |  | 5 |  |  | (16) |  |  | — |  |  | (16) |  |  |  |  |
Reclassification for unrealized gains of subsidiaries sold |  |  | (1,119) |  |  | 235 |  |  | (884) |  |  | — |  |  | (884) |  |  |  |  |
Total net unrealized gains (losses) on securities | $ | 1,255 |  |  | (1,364) |  |  | 287 |  |  | (1,077) |  |  | — |  |  | (1,077) |  |  | $ | — |  |  | $ | 178 |
Net unrealized gains (losses) on cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding losses on cash flow hedges arising during the period |  |  | (1) |  |  | — |  |  | (1) |  |  | — |  |  | (1) |  |  |  |  |
Reclassification adjustment for investment income included in net earnings from discontinued operations |  |  | (14) |  |  | 3 |  |  | (11) |  |  | — |  |  | (11) |  |  |  |  |
Reclassification for unrealized gains on cash flow hedges of subsidiaries sold |  |  | (37) |  |  | 8 |  |  | (29) |  |  | — |  |  | (29) |  |  |  |  |
Total net unrealized gains (losses) on cash flow hedges | 41 |  |  | (52) |  |  | 11 |  |  | (41) |  |  | — |  |  | (41) |  |  | — |  |  | — |
Foreign currency translation adjustments | (16) |  |  | (3) |  |  | — |  |  | (3) |  |  | — |  |  | (3) |  |  | — |  |  | (19) |
Pension and OPRP adjustments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding losses on pension and OPRP arising during the period |  |  | (1) |  |  | — |  |  | (1) |  |  | — |  |  | (1) |  |  |  |  |
Reclassification adjustment for pension settlement loss included in other expense in net earnings |  |  | 11 |  |  | (2) |  |  | 9 |  |  | — |  |  | 9 |  |  |  |  |
Total pension and OPRP adjustments | (7) |  |  | 10 |  |  | (2) |  |  | 8 |  |  | — |  |  | 8 |  |  | — |  |  | 1 |
Total | $ | 1,273 |  |  | $ | (1,409) |  |  | $ | 296 |  |  | $ | (1,113) |  |  | $ | — |  |  | $ | (1,113) |  |  | $ | — |  |  | $ | 160 |
Nine months ended September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains on securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains on securities arising during the period |  |  | $ | 443 |  |  | $ | (93) |  |  | $ | 350 |  |  | $ | — |  |  | $ | 350 |  |  |  |  |
Reclassification adjustment for realized (gains) losses included in net earnings (*) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |
Total net unrealized gains on securities | $ | 862 |  |  | 443 |  |  | (93) |  |  | 350 |  |  | — |  |  | 350 |  |  | $ | — |  |  | $ | 1,212 |
Net unrealized gains on cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains on cash flow hedges arising during the period |  |  | 62 |  |  | (13) |  |  | 49 |  |  | — |  |  | 49 |  |  |  |  |
Reclassification adjustment for investment income included in net earnings from discontinued operations |  |  | (31) |  |  | 6 |  |  | (25) |  |  | — |  |  | (25) |  |  |  |  |
Total net unrealized gains on cash flow hedges | 17 |  | 31 |  |  | (7) |  |  | 24 |  |  | — |  |  | 24 |  |  | — |  |  | 41 |
Foreign currency translation adjustments | (9) |  |  | (6) |  |  | — |  |  | (6) |  |  | (2) |  |  | (8) |  |  | 4 |  |  | (13) |
Pension and other postretirement plans adjustments | (7) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (7) |
Total | $ | 863 |  |  | $ | 468 |  |  | $ | (100) |  |  | $ | 368 |  |  | $ | (2) |  |  | $ | 366 |  |  | $ | 4 |  |  | $ | 1,233 |
(*)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=124509347&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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