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Fair Value Measurements - Narrative (Details) | 3 Months Ended |
--- | --- | ---
Mar. 31, 2023 USD ($) professional | Dec. 31, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
AFG's internal investment professionals | professional | 20 |
Percentage of level three assets that were priced using a discounted cash flow approach | 70.00% |
Level three assets that were priced using a discounted cash flow approach | $ 472,000,000 |
Percentage of level three assets, equity securities, priced using broker quotes and internal models | 18.00% |
Level three assets, equity securities, priced using broker quotes and internal models | $ 123,000,000 |
Contingent consideration — acquisitions |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Fair value of potential contingent consideration | 25,000,000 | $ 25,000,000
Change in fair value of contingent consideration liability | 0 |
Contingent consideration — acquisitions | Verikai, Inc. |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Fair value of potential contingent consideration | $ 23,000,000 |
Level 3 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Level 3 assets as a percentage of total assets measured at fair value | 7.00% |
Percentage of level 3 assets that were priced using non-binding broker quotes | 11.00% |
Level 3 assets that were priced using non-binding broker quotes | $ 120,000,000 |
Percentage of level 3 assets that were priced by pricing services | 5.00% |
Level 3 assets that were priced by pricing services. | $ 58,000,000 |
Percentage of level 3 equity investments that do not qualify for equity accounting | 25.00% |
Level 3 assets that are equity securities that do not qualify for equity accounting | $ 279,000,000 |
Internally developed level 3 assets | $ 671,000,000 |
Percentage of internally developed level 3 assets compared to total level 3 assets | 59.00% |
Level 3 | Contingent consideration — acquisitions |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Fair value of potential contingent consideration | $ 25,000,000 | $ 25,000,000

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