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Shareholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2022
Stockholders' Equity Note [Abstract] |
Components of accumulated other comprehensive income (loss) | The progression of the components of accumulated other comprehensive income (loss) follows (in millions):
|  |  | Other Comprehensive Income (Loss) |  |  |  |
| AOCI Beginning Balance |  | Pretax |  | Tax |  | Net of tax |  |  |  |  |  |  |  | AOCI Ending Balance
Quarter ended September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding losses on securities arising during the period |  |  | $ | (292) |  |  | $ | 61 |  |  | $ | (231) |  |  |  |  |  |  |  |  |
Reclassification adjustment for realized (gains) losses included in net earnings (*) |  |  | 4 |  |  | (1) |  |  | 3 |  |  |  |  |  |  |  |  |
Total net unrealized losses on securities | $ | (326) |  |  | (288) |  |  | 60 |  |  | (228) |  |  |  |  |  |  |  |  | $ | (554) |
Net unrealized gains (losses) on cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding losses on cash flow hedges arising during the period |  |  | $ | (26) |  |  | $ | 5 |  |  | $ | (21) |  |  |  |  |  |  |  |  |
Reclassification adjustment for investment income included in net earnings |  |  | (1) |  |  | 1 |  |  | — |  |  |  |  |  |  |  |  |
Net unrealized losses on cash flow hedges | (8) |  |  | (27) |  |  | 6 |  |  | (21) |  |  |  |  |  |  |  |  | (29) |
Foreign currency translation adjustments | (15) |  |  | (4) |  |  | (1) |  |  | (5) |  |  |  |  |  |  |  |  | (20) |
Pension and other postretirement plans adjustments (“OPRP”) | 1 |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  | 1 |
Total | $ | (348) |  |  | $ | (319) |  |  | $ | 65 |  |  | $ | (254) |  |  |  |  |  |  |  |  | $ | (602) |
Quarter ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding losses on securities arising during the period |  |  | $ | (37) |  |  | $ | 8 |  |  | $ | (29) |  |  |  |  |  |  |  |  |
Reclassification adjustment for realized (gains) losses included in net earnings (*) |  |  | 2 |  |  | — |  |  | 2 |  |  |  |  |  |  |  |  |
Total net unrealized gains (losses) on securities | $ | 205 |  |  | (35) |  |  | 8 |  |  | (27) |  |  |  |  |  |  |  |  | $ | 178 |
Foreign currency translation adjustments | (16) |  |  | (3) |  |  | — |  |  | (3) |  |  |  |  |  |  |  |  | (19) |
Pension and other postretirement plans adjustments (“OPRP”) | 1 |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  | 1 |
Total | $ | 190 |  |  | $ | (38) |  |  | $ | 8 |  |  | $ | (30) |  |  |  |  |  |  |  |  | $ | 160 |
|  |  | Other Comprehensive Income (Loss) |  |  |  |
| AOCI Beginning Balance |  | Pretax |  | Tax |  | Net of tax |  |  |  |  |  |  |  | AOCI Ending Balance
Nine months ended September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding losses on securities arising during the period |  |  | $ | (884) |  |  | $ | 186 |  |  | $ | (698) |  |  |  |  |  |  |  |  |
Reclassification adjustment for realized (gains) losses included in net earnings (*) |  |  | 10 |  |  | (2) |  |  | 8 |  |  |  |  |  |  |  |  |
Total net unrealized gains (losses) on securities | $ | 136 |  |  | (874) |  |  | 184 |  |  | (690) |  |  |  |  |  |  |  |  | $ | (554) |
Net unrealized gains (losses) on cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Unrealized holding losses on cash flow hedges arising during the period |  |  | (34) |  |  | 7 |  |  | (27) |  |  |  |  |  |  |  |  |
Reclassification adjustment for investment income included in net earnings |  |  | (3) |  |  | 1 |  |  | (2) |  |  |  |  |  |  |  |  |
Net unrealized losses on cash flow hedges | — |  |  | (37) |  |  | 8 |  |  | (29) |  |  |  |  |  |  |  |  | (29) |
Foreign currency translation adjustments | (18) |  |  | (1) |  |  | (1) |  |  | (2) |  |  |  |  |  |  |  |  | (20) |
Pension and other postretirement plan adjustments | 1 |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  | 1 |
Total | $ | 119 |  |  | $ | (912) |  |  | $ | 191 |  |  | $ | (721) |  |  |  |  |  |  |  |  | $ | (602) |
Nine months ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding losses on securities arising during the period |  |  | $ | (224) |  |  | $ | 47 |  |  | $ | (177) |  |  |  |  |  |  |  |  |
Reclassification adjustment for realized (gains) losses included in net earnings (*) |  |  | (21) |  |  | 5 |  |  | (16) |  |  |  |  |  |  |  |  |
Reclassification for unrealized gains on securities of subsidiaries sold |  |  | (1,119) |  |  | 235 |  |  | (884) |  |  |  |  |  |  |  |  |
Total net unrealized gains (losses) on securities | $ | 1,255 |  |  | (1,364) |  |  | 287 |  |  | (1,077) |  |  |  |  |  |  |  |  | $ | 178 |
Net unrealized gains (losses) on cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding losses on cash flow hedges arising during the period |  |  | (1) |  |  | — |  |  | (1) |  |  |  |  |  |  |  |  |
Reclassification adjustment for investment income included in net earnings from discontinued operations |  |  | (14) |  |  | 3 |  |  | (11) |  |  |  |  |  |  |  |  |
Reclassification for unrealized gains on cash flow hedges of subsidiaries sold |  |  | (37) |  |  | 8 |  |  | (29) |  |  |  |  |  |  |  |  |
Total net unrealized gains (losses) on cash flow hedges | 41 |  |  | (52) |  |  | 11 |  |  | (41) |  |  |  |  |  |  |  |  | — |
Foreign currency translation adjustments | (16) |  |  | (3) |  |  | — |  |  | (3) |  |  |  |  |  |  |  |  | (19) |
Pension and OPRP adjustments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding losses on pension and OPRP arising during the period |  |  | (1) |  |  | — |  |  | (1) |  |  |  |  |  |  |  |  |
Reclassification adjustment for pension settlement loss included in other expense in net earnings |  |  | 11 |  |  | (2) |  |  | 9 |  |  |  |  |  |  |  |  |
Total pension and OPRP adjustments | (7) |  |  | 10 |  |  | (2) |  |  | 8 |  |  |  |  |  |  |  |  | 1 |
Total | $ | 1,273 |  |  | $ | (1,409) |  |  | $ | 296 |  |  | $ | (1,113) |  |  |  |  |  |  |  |  | $ | 160 |
(*)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 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 https://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 https://asc.fasb.org/extlink&oid=126968391&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 https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
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- References No definition available. + Details
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