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Sales of Businesses (Tables) | 9 Months Ended
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Sep. 30, 2021
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract] |
Revenues, costs and expenses, and earnings before income taxes for subsidiaries sold | An estimated loss of $30 million on the sale of Neon was recorded in AFG’s financial statements as of September 30, 2020 as shown below (in millions):
Estimated sale proceeds, net of expenses | $ | 4 |
Assets of businesses to be sold: |
Cash and investments | $ | 461 |
Recoverables from reinsurers | 198 |
Prepaid reinsurance premiums | 30 |
Agents’ balances and premiums receivable | 48 |
Other assets | 73 |
Total assets | 810 |
Liabilities of businesses to be sold: |
Unpaid losses and loss adjustment expenses | 598 |
Unearned premiums | 83 |
Payable to reinsurers | 39 |
Other liabilities | 47 |
Total liabilities | 767 |
Reclassify accumulated other comprehensive income | (9) |
Net assets of businesses to be sold | $ | 34 |
Pretax loss on subsidiaries recorded in the third quarter of 2020 | $ | (30) |
Revenues, costs and expenses, and earnings before income taxes for the subsidiaries sold were (in millions):
| Three months ended |  | Nine months ended
| September 30, 2020 |  | September 30, 2020
Net earned premiums | $ | 42 |  |  | $ | 174 |
Loss and loss adjustment expenses | 60 |  |  | 166 |
Commissions and other underwriting expenses | 20 |  |  | 90 |
Underwriting loss | (38) |  |  | (82) |
Net investment income | 1 |  |  | (5) |
Other income and expenses, net | (3) |  |  | (5) |
Loss before income taxes and noncontrolling interests | $ | (40) |  |  | $ | (92) |

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- Definition Schedule of disposal groups not part of a a discontinued operations, income statement and additional disclosures + References No definition available. + Details
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- References No definition available. + Details
Name: | us-gaap_DisposalGroupNotDiscontinuedOperationDisposalDisclosuresAbstract
Namespace Prefix: | us-gaap_
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